Measure Up - Marketing Analytics Podcast reposted this
Imagine thinking one of your best-performing channels was actually a flop. My client did, until we doubled down and uncovered a $5.6M opportunity hiding in plain sight. Here's how ... Everyone knows platform metrics are wrong, but in which direction and by how much? One client had a campaign that was showing a ROAS of 0.5 in Facebook Ads. The MMM we built gave a much different answer - in the 10-11 range. Which one was right? We ran a geolift experiment to better understand. We doubled spend in some test locations, leaving spend the same in control locations. After 30 days, the test locations saw a 9.5% lift, resulting in $91K incremental sales. The marginal ROAS (the return on the *added* spend) was 8.1. Applied to all locations, that would have netted an additional $512K revenue just for the month! Are you still using platform metrics to report on your performance? Reach out to me and let's talk about some better measurement options.