AdGeek
Answer #4 -
GROSS MARGIN
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The total profit that your site has generated falls inline with your scalability, and is extremely important when it comes to scaling properly. Take a look at some of the reasons your gross margin may be low:
- Poorly calculated 'loss leader' offer
- Higher cost of goods
- High competition (can also be a product of bad marketing)
- Evolving industry
Revise these issues to make sure that you fully understand each one and how it can affect your revenue.
Find this helpful?
Stay tuned for the fifth and final answer tomorrow!🚀
Answer #3 -
SOCIAL MEDIA ENGAGEMENT
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The engagement that your site acquires through your social handles shows how much you resonate with your audience. Take a look at some of the reasons that lead to a low engagement:
- Not listening to your customers requests
- Bad customer feedback
- Poor website design
- Poor audience targeting
Look at these metrics and listen closely to what your audience is telling you. After consistently optimising your website to your audiences needs, your engagement rate will go up.
Find this helpful?
Stay tuned for the fourth answer tomorrow!🚀
08/01/2022
You asked, we answered😉
"My CPM has shot through the roof. How do I bring it back down again?"
Good question. Here's how:
Your CPM is an important metric to follow when advertising, and as important as it is, a lot of people don't follow as they should
There's a handful of reasons your CPM may have gone up, here are my top reasons!
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1. Your ads are running at the wrong time of year -
The time of year your ads run at plays more importance than you think
If you have scheduled your campaign around any specific holidays or events, your ad is going to either increase or decrease depending on your niche
For example, in the sports niche? Any sports seasons will attract high sky amounts of your audience to YOUR ads.
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2. Your ads just aren't interesting -
There are a lot of ads surfing around the news-feed everyday. Good, and bad
If your ad doesn't stand out from the crowd, I'm afraid it's most likely a lost cause
Boring ads usually begin in your Ad Creative.
Take the time to look over your images and videos and ask yourself...
"Will this actually catch somebody's eye?"
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3. Your audience is cold -
Our FINAL but most important by far!
If you have absolutely zero audience data to run an ad from
Then your first month or two is going to be a rocky road...
Split test multiple Ad Sets within the same campaigns to slightly different audiences to see which one performs best.
The better you do this, the warmer your audience gets.
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Your CPM can be reduced over time and it is something the AdGeek team has great experience in, you just need to know where to look.
Follow for more Q&A posts every Saturday where we answer your direct questions🚀
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