Thermos
- The problem
- Paid search was being managed around advertising efficiency rather than contribution.
- What looked fine in Google Ads
- Conversions were being counted more than once, so the account looked healthier than it was.
- Decision
- Measurement was corrected first, then the account was restructured around product-level contribution.
- Commercial result
- +94% contribution margin
Post-restructure contribution margin vs the preceding equivalent period, after correcting double-counted conversions.
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