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Or stop all media buys for a month and see how much sales are effected. Then turn them on one at a time. Do this every now and then but change the order in whic
by dfragnito 11y ago
Or stop all media buys for a month and see how much sales are effected. Then turn them on one at a time. Do this every now and then but change the order in which you turn each channel on.
- shostack 11y agoOn/off tests like that can give you a macro view of things, but in general are not an ideal way to go about this in many scenarios. First, you risk the hit to your acquisition efforts. For many companies in growth mode, that's the LAST thing you want to do, even if you could gain some valuable data. If anything, you do a plus-up test to increase budget in a measurable way (narrow geo-targeting for example) and look for some lift there. But that's just one approach. Second, attribution isn't just at the channel level. To REALLY be useful, you need to understand it at low enough levels to make more tactical optimizations to your efforts. A simple channel-level on/off test will never get you that, hence why attribution models are really useful.
- dfragnito 11y agoIt's always increase your ad send, the solution is never to decrease the budget. A macro view seems like the best place to start. Also the anlysis is never based on profit it seems to be a ratio of gross rev and medis cost. There are other variable costs like cost of goods sold that must be considered. If cost of conversion is $15 and it generated $60 in rev wow we have a winner but the COG is $45 oops we made no money.
- Apofis 11y agoThat would be mad to do with a large account... I guess if you just began and aren't sure...
- sogen 11y agoThat's common in TV ads. One month show ads, one month off, or 15 days on, 15 days off.