· By Jordan West
Ep 485: Creative Testing - The Only Framework You Need
Learn about the key metrics to look at when analyzing your creative campaigns. Jordan share the importance of tracking click-to-purchase rates and how it can guide your decision-making process.
In this episode, Jordan West explores the metrics he analyzes to measure creative success. One of the game-changers he mentions is the click-to-purchase rate. A metric often overlooked, click to purchase reveals the percentage of customers who make a purchase after clicking on an ad. Jordan emphasizes the importance of this metric and how it can guide your decision-making process for optimizing your ads.
Listen and learn in this episode!
Key takeaways from this episode:
- Metrics to consider when analyzing creative
- the importance of the click-to-purchase metric as a valuable indicator of conversion-driving ads.
- Click to purchase rate as a decision-making factor
- The difference between click-to-purchase rate and return on ad spend as metrics
- Factors influencing return on ad spend and why it is not a reliable metric for business longevity
- Additional metrics to consider: click-through rate and thumb stop rate
- thumb stop rate as a useful metric for assessing the effectiveness of the first few seconds of video ads.
- The correlation between thumb stop rate and click-to-purchase rate
- limitations of using return on ad spend as a leading metric, citing factors like average order value and customer lifetime value that it does not account for.
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In this episode's sponsor is Revenued - is a financial technology company that provides businesses with revenue-based financing solutions. Instead of relying on credit scores or collateral, Revenued offers funding based on a company's revenue. This allows businesses to access capital quickly and repay it as they generate income.
Learn more here: Revenued