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You pointed out a niche where internet ads apparently worked well (though isn’t some of that just survivorship bias?) I found the eBay data interesting because
by mattkrause 6y ago
You pointed out a niche where internet ads apparently worked well (though isn’t some of that just survivorship bias?)
I found the eBay data interesting because AI had assumed that they would have a fairly sophisticated online operation, and yet neither the branded nor non-brand ads really helped (for the latter, removing ads led to -40% on clicks, but -2% on sales).
I can’t imagine that the neighborhood pizza place is really doing a top-notch job on ad attribution; it seems a heck of a lot more likely that they throw a few ads up because everyone else does too.
- jamiequint 6y agoThat “niche” is the reason Shopify is a 100+ billion dollar company. With respect to eBay, proving someone sucks at running ads isn’t the same as proving ads suck. (also it matters a lot more what % of sales the ads in this case represented, rather than just the absolute change in sales). I agree with you about the neighborhood businesses fwiw.