How two audience targeting criteria affects email acquisition conversion and cost
NextAfter
Experiment Summary
Timeframe: 05/20/2020 - 06/26/2020
We had previously tested into using a specific set of interest targeting criteria for driving more clicks from our blog ads. We wondered if this new interest targeting would lead to more conversions if used for direct email acquisition.
The control was a simple lookalike audience based on our subscriber list. The treatment was a series of interest criteria meant to target nonprofit fundraisers.
Research Question
Will a new set of facebook interest targeting criteria lead to more email conversions?
Results
| Treatment Name | Conv. Rate | Relative Difference | Confidence | |
|---|---|---|---|---|
| C: | Subscriber Lookalikes | 0.83% | ||
| T1: | Fundraiser Interest Targeting | 1.9% | 132.0% | 100.0% |
This experiment has a required sample size of 685 in order to be valid. Since the experiment had a total sample size of 202,456, 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:
0% increase in traffic
× 132.0% increase in conversion rate
× 0% increase in average gift
Key Learnings
The interest targeting led to a 132% increase in conversion rate over our normal lookalike audience. It also led to a 29% cheaper cost per email.
Question about experiment #33543
If you have any questions about this experiment or would like additional details not discussed above, please feel free to contact them directly.