Practitioner pattern · Alper Taner
Use MMP data to compare ads, but switch channels off to see what they really add
What they did
In their words
Creative Misfires, False Positives, and Meta's Auction Flaws — Alper Taner, Stealth-Mode App Studio
Alper Taner… every channel? Do I have the response curves of all the channels? Can I really double on this channel or rather spend X percent on this channel and Y percent on another channel? This usually will come from the MMM output because MMM will consider all your various sources of data, although mostly it's looking at the impression spend and conversions and such. But it does know this is now there because you upload your last 24 months data and such.
Alper TanerAnd then when I talk about the vertical side, it is about, I don't know, on Meta, I gave already a few examples on, we talked about the audience testing, we talked about clustering based on CAC or LTV, depending on how we optimize, we talked about the value based. There are like 50+, I think, tests that you can do, but the prioritization of this test should come from your current data. And then on UAC, it should start as basic as, okay, what are you bidding on? Are you bidding on Firebase events or your MMP events? Are you still optimizing towards an install or are you optimizing towards a lower funnel and have you tested excluding your brand keyword? What is incremental value? So, at the different stages, so starting from... So, I think we talk a lot about the recent examples were more about large advertisers with large budgets where they can invest into in-house teams to build all this MMM or get a third-party tool to basically utilize the outsource the MMM.
Alper TanerBut at a small scale, you can also just turn on and off. Large advertisers cannot afford to do that, but if you're a smaller advertiser, like if you're just spending... Okay, I don't want to number now because I said small advertiser. Let's say if you can afford to turn off the channel, regardless of your size, let's put it this way, if you can afford, just do it. If you cannot afford, then you have to use this kind of either the GeoLift or the blackout or holdout or there are tons of scientific statistical studies you can run for the sake of incrementality and such. But the most basic one is sometimes switch on and off and then observe the outcome. And again, there are no one right way to do things. It really depends on your size. It really depends on your markets vertical and such.
Alper TanerSo, I know some of our folks within our industry, they have great advice that are applicable to most accounts, but they're not applicable to every single account, as well. So, that's why I mentioned at the beginning of the talk, take them as inspiration, take them as like, if you hear something, this didn't work at all, be like, "Great, I will try it, but later." But don't be like, "Oh, we should not even try that." Unless you have also evidence …
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More from this episode
- When an ad wins, change one thing at a time to learn why before making moreExpert says it creates more winners; seen a concept's third variant win after two flopped
- Track cost per new ad that beats your current ads, not how many you testExpert says fewer, better-reasoned tests beat 500-a-month volume; no numbers
- Plot each ad's total spend against its cost per result to see when to stopBad ads are often clear by ~$500; one account burned ~$90K on a $100+ CPI ad
- When one ad eats 90% of an ad set's budget, give the other ads their own ad setOther ads often 'bloom' once the dominant ad is removed
- Keep the US out of campaigns with smaller countries; group countries by cost or value
- When a new ad keeps overspending its budget at the same cost, raise it fast5x campaign budget in two weeks with falling cost per purchase
- Set a $1M daily budget on Meta, but cap total spend and bids to control itMore high-quality traffic at stable cost for some accounts; others got no or runaway delivery
- Bid differently by placement or age group when their results differ by 20%+
- Tell Meta a trial start is a trial, not a purchaseCost per trial down ~35% with the same ads and campaigns
- Check which competitor ads have the most versions and longest runs in Meta's ad library
Tags: meta, google, incrementality, mmm, geo-lift, holdout, brand-keywords