Molly wants to clear her remaining stock in preparation for ordering a new line of products to sell. As a result, she’s willing to increase her CPA (cost-per-acquisition) and investment, as long as it means generating more sales. Her campaign has a total investment of $25,500, generates 1,500 conversions, and has a CPA of $17. Which plan, built in the Performance Planner, will help Molly with her marketing goal to generate more sales?
- An investment of $30,000 to generate 1,500 conversions and a CPA of $20.
- An investment of $28,000 to generate 1,400 conversions and a CPA of $20.
- An investment of $40,000 to generate 2,000 conversions and a CPA of $20.
- An investment of $21,000 to generate 1,400 conversions and a CPA of $ok.
Explanation:
The selected answer, An investment of $40,000 to generate 2,000 conversions and a CPA of $20, is the most suitable plan to help Molly achieve her marketing goal of generating more sales while clearing her remaining stock. Given Molly’s willingness to increase her CPA and investment to drive more sales, the proposed plan aligns with her objectives by significantly increasing both investment and expected conversions. By investing $40,000, which is $14,500 more than her current investment, and generating 2,000 conversions, Molly can effectively increase sales volume and clear out her remaining stock. Additionally, while the CPA is increased to $20, it still remains within Molly’s acceptable range, indicating that she is willing to accept a slightly higher cost per acquisition in exchange for generating more sales. This plan ensures that Molly maximizes her investment by focusing on driving conversions and increasing sales volume, which is crucial for clearing out existing inventory and making room for new products. The other options either do not significantly increase investment and conversions to meet Molly’s goals or propose investments that may not align with her willingness to increase CPA and investment. Therefore, selecting the plan outlined in the selected answer provides Molly with the best opportunity to achieve her marketing objective of generating more sales and clearing her remaining stock effectively within the allocated budget.