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by tomrod 3252 days ago
But it is an open question of incrementality -- did you just cannibalize a sale from a different, possibly cheaper, channel? How much lift did you actually get?

That's the problem I've seen in the digital ad space -- lift is either hard to measure, or ignored completely. Causality to the sale is assumed on the ad.

2 comments

I think that's a great point, and definitely hard for a huge company like P&G. But for a small company, it can be easier, because when your volumes are low enough, it's often very easy to directly see sales uplift in your top line numbers when you run the ad. If I normally get 20 orders a day, I run an ad and get 40, then the ad budget runs out and I'm back to a steady 20, I'm not too worried about cannibalization.
For a huge company it's even harder. I think the internet ads serve partly the same as news paper ads. There is no click through for them either. Actual paper ones.
We have a couple different phone numbers exclusively for advertising campaigns. We can note the line it came on when receiving the call. We're a small-mid business, so I assume larger businesses have budgets for a lot more ways to track printed media advertising that isn't too obtrusive.
Of course, but think Coca Cola, BMW or something large. Often there is no phone number. They are just showing they arr still around
What's "lift"?
New customers or orders brought in by the ad which you wouldn't have gotten otherwise. Lift is a basically unmeasurable quantity which directly relates to the ROI of the ad.
Measurable via test design, with a control population establishing the baseline.