OKR template to optimize CPA by reducing it by 15%
Introduction:
Decrease CPA by 15%
Identify and pause underperforming campaigns
Pause or adjust campaigns that consistently underperform benchmarks
Review campaign performance metrics
Determine performance benchmarks for each campaign
Compare benchmarks to current campaign performance
Optimize landing pages for higher conversion rates
Increase page load speed by optimizing images and minimizing text
Simplify form fields and reduce the number of required inputs
Conduct A/B testing to determine optimal page layout
Create clear call-to-action button with contrasting color and placement
Perform a comprehensive audit of current campaigns
Review campaign goals and success metrics
Evaluate ad copy and creative effectiveness
Analyze audience targeting and segmentation
Assess budget allocation and ROI
Increase bids on top-performing campaigns
Monitor campaign performance to evaluate the effectiveness of bid increases
Identify top-performing campaigns
Implement bid increases on identified campaigns
Analyze performance data to determine bid increase percentage