Did you ever think about just how advertising really works, compared to how we often measure it? Suppose you see 55 different ads over three weeks for Joe's Junk, but when you finally click on a banner ad and buy some of that Junk, it's the very last ad -- the one you clicked on -- that gets all the credit.
This measurement problem is called the Last Ad Problem, and you ought to run right over to iMedia Connection and read Mark Hughes' article "Facebook to GM – “Got Measurement?” (Ford Does)" for an eloquent explanation. Some nice discussion of Facebook's recent situation with GM pulling their $10 million ad budget, too. You'll learn a bit about attribution modeling, and the concept that a team of ads actually influences a purchase. --WTP
###
“Do not believe in anything simply because you have heard it. Do not believe in anything simply because it is spoken and rumored by many… Do not believe in anything merely on the authority of your teachers and elders... But after observation and analysis, when you find that anything agrees with reason and is conducive to the good and benefit of one and all, then accept it and live up to it.”
Comments