Starting in November I had to lower my own advertising budgets because there was a high demand which was driving prices up.
I ended up dropping my own advertising to 1/8th of the prior levels.
But now that the holiday season is winding down I'll be starting to increase it again.
You should treat your own advertising budget the same.
- Decrease it when you see campaigns aren't turning a profit.
- Increase it while they are making a profit.
Don't just set our budget to a fixed amount and hope that it does okay. Actively manage it to ensure you're profitable.
Understanding your customer's behavior, especially with their first order, is important to determine if your advertising is profitable.
In an ideal case you're making back your advertising spend right away on the first order.
Using Repeat Customer Insights it's a simple process to get a detailed look at your customer behavior.
You can also export your best customers to a file that you can import into Facebook as a custom audience to get even better new customers.
Eric Davis
Promote products that create your best customers
When it's time to run a promotion, how do you pick the products to feature? Best sellers are okay but wouldn't it better to promote the products that crate the best customers? Repeat Customer Insights will analyze your product and buyer behavior to show which products and variants lead to the highest quality customers.