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Advertising Waste Audit
Where the next dollar goes
- Purpose
- Decide where the next advertising dollar goes by testing which channel actually creates customers.
- Inputs
- The cannibalistic-waste bucket from Find the advertising waste
- A year of campaign spend and conversion history, if requesting a platform lift tool
- Method
- Pick a unit you can switch off cleanly: a geography, a time block, or a single campaign
- Match the control to the test on volume, seasonality, and mix
- Choose the outcome from your own records: qualified leads, booked work, paid orders, or margin
- Size it: work out how many outcomes you need before the test can tell you anything
- Write the prediction before you start, then run it past the full sales cycle without touching it
- Output
- One test, its prediction, and the answer to whether that channel earns the next dollar.
The reasoning behind this one capability, with a worked example.
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