Ad Campaign Optimization
Online marketing has become an amazingly powerful tool for using data to growth your business. You can run hundreds (or thousands) of different ad campaigns across dozens of ad networks and platforms, targeting very specific types of potential customers and measuring every aspect of campaign performance.
The challenge is how to optimize your online marketing spend to get the most from your dollars! Of those thousands of campaigns, which are performing well? Which are costing you too much and you should stop them all together? Which ads are attracting the customers that go on to become your most loyal?
The answer to those questions can change on a daily (or even hourly) basis. Since online advertising is so competitive, the cost of reaching customers changes constantly and you need to be able to optimize your marketing everyday to ensure you maximize your return. The data generated by all those campaigns can be overwhelming and it can be hard to know where to start.
This week we’ll cover ways to optimize your ad campaigns using many of the data techniques we’ve covered in the past few months. Specifically we will cover:
- Part 2 – Benchmarking Performance
- Part 3 – Anomaly Detection
- Part 4 – Customer Value Prediction
- Part 5 – Automation
Is this a problem you face in your business? Outlier is a product designed to help! Outlier monitors your business data and notifies you when unexpected changes occur, allowing you to know immediately when ad campaigns are under- or over-performing. If you’re interested in seeing a demo, schedule a time to talk to us.
Quote of the Day: “Doing business without advertising is like winking at a girl in the dark. You know what you are doing but nobody else does.” ― Steuart Henderson Britt