Digest...
What exactly is performance marketing? Two things set it apart from other marketing disciplines: (1) a pay-per-click orientation that offsets the front-end risk associated with traditional marketing investments; and (2), a closed-loop system that enables continuous measurement and optimization of these investments over time.
While I recognize that this traditional definition isn’t perfectly parallel to all manner of marketing and media, performance marketing is really about removing risk from marketing by shining light in the dark corners and turning marketing into a performance-driven science, rather than an intuition-driven art.
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Interesting proposition: if technology allows for accurate attribution (hard as that may be), should compensation be partially based on performance, i.e., tying marketing compensation directly to ROI? If so, then you'd have to expect service providers to follow the same model.