Thursday 3 June 2010

Free iPad Raffle. Analysis

Last Monday we held the draw for the free iPad raffle to finalise our first free promotion. We have run this campaign for the last two weeks; basically with a banner based campaign in a news website (20minutos.es).

It's time to analyse how it worked.

Numbers:
Banner Printouts
4,306,240
Clicks
5,319
Landing registrations
470
Unique Users
229,700
Print to Click conversion
0.124%
Click to Registration conversion
8.84%
Print to Registration conversion
0.011%
Clicks to Unique Users
2.316%
Reg to Unique Users
0.205%

It hasn't been a good campaign. The result is not in the numbers we were expecting. The print to click conversion is too low for a free campaign, but if we analyse the Unique Visitor to Click conversion, it goes up to really good numbers for a web ad. There is a problem here.

But the good thing about it is that we have learned some lessons.
1.       We have shown our banner to the same unique user more than 18 times in average. That's crazy. Once a user has seen your banner more than 3 times, you are bothering him. If the web page where you place the ad cannot control how many times you are printing the ad to a user, you have to design lighter campaigns with less printouts and shorter in time. You are throwing away your money if you don't control this.
2.        Even when you are giving something away, there is always certain reticence in people believing it. You have to work in your trust even harder.