Ad Operations

L.A. based CannaTech company drops CPD from $83 to $1.50 through digital ad operations.
case studies
Reduced CPD by 98%
The Institute was able to overcome ad restrictions and implement new ad operations, dropping the CPD from $83 to $1.50.
Improved Attribution Model
A custom middleware algorithm was built to match ad audiences with Mixpanel user data, improving attribution and ad testing.
Improved & Efficient Reporting
Revenue Institute was able to automate reporting on cross-platform conversions that restrict any references to cannabis to begin with.

Company information

Industry:
Mobile App Startup in Cannabis Technology
Location:
Los Angeles, CA
Company size:
20 Employees
Technology used:
Mixpanel, Custom Middleware Algorithm, Meta Business Manager, Google Analytics, Google Ads

Key insights

Objectives
Objectives
This startup is a mobile app company that is revolutionizing how consumers find and review CBD and related cannabis products. When the company engaged Revenue Institute, the company was acquiring downloads for $83 each and was struggling with a total of 3,000 users. The first objective was to reduce the CPD to a manageable cost and then move to more advanced attribution modeling, audience intelligence, and product analytics to improve app user quality.
challenges
Challenges
While the company started out purely as a mobile app without actually selling any cannabis products (this has since changed), they still faced the same advertising policy restrictions as the rest of the industry. These restrictions caused two major issues. First, advertising accounts were constantly banned on Meta and Google Ads. In addition, because they couldn't run ads directly to their app, they didn't have any meaningful attribution or analytics capabilities.
Solutions
Solutions
First, Revenue Institute discovered that Jointly could create a "cleansed" splash page on a new domain that had zero references to cannabis. Sending ad traffic to an optimized landing page and then the app store proved effective and dropped download costs drastically. Furthermore, Revenue Institute developed an algorithm that connected the data between the "cleansed" landing page and Mixpanel data. It means that Jointly could test new audiences and track conversions better.

The results

1.
Reduced CPD by 98%
The Institute was able to overcome ad restrictions and implement new ad operations, dropping the CPD from $83 to $1.50.
2.
Improved Attribution Model
A custom middleware algorithm was built to match ad audiences with Mixpanel user data, improving attribution and ad testing.
3.
Improved & Efficient Reporting
Revenue Institute was able to automate reporting on cross-platform conversions that restrict any references to cannabis to begin with.

"Stephen possesses great digital expertise, and has helped grow our business tremendously. He and his team quickly jumped in to creatively and strategically execute our needs. They have been wonderful partners, with dedication for our company goals."

- , CMO

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