OKRs to improve ROAS with 25% revenue increase from paid marketing
Our objective is to increase ROAS by 25% through a revenue boost from paid marketing efforts. Our plan entails a data-driven approach that will identify and optimize on the most effective channels, leverage automation where possible, and continuously test and iterate to maximize revenue growth. With a focus on ROI, this OKR will lay the groundwork for a strong, sustainable paid marketing channel that drives significant revenue growth for the business.
Increase ROAS with revenue increase from paid marketing
Increase ad spend by 10%
Set new ad spend limit and allocate budget to best-performing channels- Analyze current ad performance and identify areas for improvement
- Research and compare ad pricing and placement options
- Monitor and adjust ad campaigns as necessary for optimal ROI
- Improve conversion rate by 5%
- Implement promotional offers and strong calls-to-action
- Utilize A/B testing to improve website design and copy
- Optimize website loading speed and user experience
- Analyze website traffic and customer behavior
- Decrease CPA by 3%
- Optimize ad targeting to increase relevance and CTR
- Conduct A/B testing to improve landing page performance
- Negotiate lower bid prices and increase budget for top-performing campaigns
- Identify and eliminate underperforming keywords and placements
- Increase website traffic by 15%
- Collaborate with influencers to promote website to a larger audience
- Create and share engaging content through social media
- Utilize email marketing to promote website and drive traffic
- Improve website SEO