Brands spending retail media dollars face several major challenges in measuring and optimizing the impact of their advertising spend on total sales. Tool providers and agencies have used various proxies to measure and optimize retail media performance, such as ROAS on category keywords or new-to-brand sales. These proxies are either inaccurate or incomplete, as they do not account for the organic sales that would have occurred without advertising.
For example, a customer who is “new to brand” might have found the brand’s product organically, even in the absence of ads, because of the high discoverability of the ecommerce platforms. Shubhani will cover how you can think of advertising differently using a methodology focused on ASIN and Keyword level analysis. Following this methodology, you will be able to:
- Understand the true incremental ROI of your retail media investment.
- Have a standardized metric to measure media performance across retailers/ad networks that is independent of attribution.
- Have data-driven media planning based on incrementality of investment across retailers, ad types, SKUs and keywords, and optimization for incremental sales
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