Hoover Institution

How showing a well known speaker on a Facebook ad impacted conversions

Experiment ID: #176636

Hoover Institution

Experiment Summary

Timeframe: 04/20/2024 - 04/30/2024

The Hoover Institution is a public policy research center and think tank located at Stanford University in California, United States. A Hoover content offer, Dueling Populisms, showed a low CTR rate. Therefore, we wanted to test at the beginning of the funnel on the Facebook ad. Looking at previous content offers’ ad creatives; we saw ads with a photo of Victor David Hanson performed well because the audience was familiar with him. Since Dueling Populisms is written by Victor, we decided to apply that to this content offer as well.

Research Question

We believe that using a photo of a well-known speaker for Hoover’s Facebook audience will achieve a higher CTR because the familarity principle suggests that people will develop a preference to what they are familiar with.

Design

C: Dueling Populisms june 2023 -Control
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T1: Dueling Populisms Apr 2024 - Treatment
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Results

  Treatment Name Click Rate Relative Difference Confidence
C: Dueling Populisms june 2023 -Control 1.2%
T1: Dueling Populisms Apr 2024 - Treatment 1.8% 49.7% 100.0%

This experiment has a required sample size of 3,347 in order to be valid. Since the experiment had a total sample size of 26,475, and the level of confidence is above 95% the experiment results are valid.

Flux Metrics Affected

The Flux Metrics analyze the three primary metrics that affect revenue (traffic, conversion rate, and average gift). This experiment produced the following results:

    49.7% increase in traffic
× 0% increase in conversion rate
× 0% increase in average gift

Key Learnings

The key learnings from this experiment include:

  1. Using a photo of a well-known speaker (Victor David Hanson) for Hoover's Facebook audience resulted in a 49.7% increase in Clicks for All Traffic with a 100.0% statistical level of confidence. This indicates that leveraging familiarity with a respected figure can significantly improve audience engagement.
  2. Cost per Click decreased by 51.2% and Cost per Registration decreased by 40.5% with a 100% level of confidence, showing that the treatment was not only more effective in driving clicks but also more cost-efficient in converting these clicks into registrations.
  3. Cost per Registration decreased by 40.5% with a 100% level of confidence.
  4. While this did not validate, it had a CPP decrease of 81.9%


In future experimentation, it is crucial to:

  • Continue leveraging the familiarity principle by featuring well-known speakers or personalities in ad creatives to drive higher engagement rates.
  • Monitor cost metrics closely to ensure that any changes in ad creatives or audience targeting not only drive engagement but also remain cost-effective.


Overall, the success of this experiment highlights the importance of understanding the preferences and behaviors of the target audience, and using this knowledge to optimize future advertising strategies for the Hoover Institution.


Experiment Documented by NextAfter

Question about experiment #176636

If you have any questions about this experiment or would like additional details not discussed above, please feel free to contact them directly.