In setting up the value of an online conversion action, what should you do?
- Regardless of the value of the lead, always set it as $0.
- Regardless of the value of the lead, always set it as $1.
- If the average value of a lead is $20, assign the value as $20.
- If the average value of a lead is $20, assign the value as $200.
Explanation:
The correct approach in setting up the value of an online conversion action is to assign the value as $20 if the average value of a lead is $20. This option is the most logical because it aligns the assigned value with the actual average value of a lead. Assigning a value that accurately reflects the worth of the conversion allows for more precise tracking and evaluation of the campaign’s performance. If the average value of a lead is $20, setting it as $0 or $1 would inaccurately represent the actual impact of the conversion on the business’s bottom line. Similarly, setting it as $200 would overstate the value and potentially lead to skewed insights. By setting the value of the conversion action to match the average value of a lead, advertisers can make informed decisions regarding their advertising strategies and budget allocations based on realistic metrics.
Similar question:
If you’re a marketer setting up the value of an online conversion action, what would you do?