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==== 4. Return on Ad Spend (ROAS) ==== '''Definition:''' ROAS measures the revenue generated for every dollar spent on advertising. Itβs calculated by dividing your total revenue by your total ad spend. '''Example:''' If you spend $100 on ads and generate $300 in revenue, your ROAS is 3. '''Why Itβs Important:''' ROAS helps you evaluate the effectiveness of your paid advertising campaigns. A higher ROAS indicates better returns on your ad investments. '''Action Step:''' Track your ROAS for all paid campaigns. Adjust your targeting, ad creatives, and bidding strategies to improve your ROAS.
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