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MedTech Outlook | Thursday, February 10, 2022
Customers will be able to monitor which campaigns are most effective at reaching customers with high lifetime value owing to Retina AI's integration with Google Ads.
Fremont, CA: One of the most crucial ecommerce KPIs is the customer lifetime value (CLV). Businesses that understand their customers' lifetime value can make better marketing and sales decisions. Retina AI, the leading predictive customer lifetime value (pCLV) intelligence business, has announced an integration with Google Ads that will allow companies to track the effectiveness of their advertising efforts in attracting high-value customers.
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Customers will now be able to measure their advertising efforts on both Facebook and Google, thanks to the new connectivity. All existing customers will be able to use the new features, which will work within the Google Ads user experience they are already familiar with.
“Most ad campaigns are optimized for conversion and customer acquisition costs, but brands need to stop paying to acquire everyone,” comments Emad Hasan, CEO of Retina AI. “Around 30% of customers acquired by campaigns built solely on these metrics will be unprofitable. This is why measuring against pCLV is so essential - it ensures that your ad spend isn’t being wasted on ads and audiences who are unprofitable.”
In the Google Ads tables, the pCLV scores generated by Retina can be displayed in custom columns. Consumers can simply determine which creative: gains the most customers, attracts the highest CLV audience, gives the highest CLV:CAC, and much more with this data.
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