What to do:
a) In Adtactix: Click 🟢 Enabled Targets, calculate 80% of total orders
b) Filter these high converting targets out. We'll check them in a bit. For now you should be viewing the active lower converting targets (the 20% with fewest orders).
Here's how I quickly run the pareto calcs:
> In our example there's 13,271 total orders. So...
> 13,271 x .8 = 10,616
> sort all the targets by orders largest to smallest. Highlight the orders until the sum is close to 10,616.
> filter these out using an orders filter. In my example this is orders > 11 orders
You can accomplish a similar analysis using the targeting dashboard in campaign manager
c) Sort by ACOS largest to smallest and apply one more filter to only show targets where the ACOS is greater then 2X your goal
Say hello to your budget black holes
d) Log the spend/sales of this segment in Section A1 of your audit sheet.
Savings Action: Strongly consider pausing some of these targets (set column W to "paused"). We can likely make better use of this budget. The only caveat I use is if they are new campaigns within the last 30 days I may sometimes keep them around another month.