Clarity
Is the experience (or individual feature) easily understood by advertisers? May include a specific segment or a broader sample.
To comprehensively evaluate success, both qualitative and quantitative data play crucial roles. For example, “profitability” can be measured precisely from incoming key metrics, while “Clarity” is compiled of tracking and qualitative immersion studies.
Quantitative metrics provide objective, numerical insights. In advertising these might include ad’s performance metrics (such as impressions, CTR and conversions, among many others). Quantitative data allows us to track trends, identify patterns, and make data-driven decisions. For instance, in marketplace advertising, measuring the return on ad spend (ROAS) or the cost per acquisition (CPA) quantifies the effectiveness of ad campaigns.
On the other hand, qualitative metrics delve into the subjective aspects of user experience. These include user feedback, usability testing results, and customer satisfaction surveys. Qualitative data helps us understand the “why” behind quantitative trends. For marketplace advertising, qualitative insights might reveal pain points in the user journey, uncover user preferences, or highlight areas for improvement.
The need for both types of measurement is critical. Relying solely on quantitative data risks overlooking nuances and seller sentiments. Conversely, relying solely on qualitative insights may lack the rigor needed for strategic decision-making. Only by combining both, product managers and designers gain a holistic view of product performance, enabling them to iterate, optimize, and create impactful experiences in the dynamic landscape of marketplace advertising.
Each area of measurement will come with its own ratio of qualitative and quantitative insights. For eBay Ads, qualitative data would come from 3 streams:
The quantitative component was much more granular across areas of focus.
Is the experience (or individual feature) easily understood by advertisers? May include a specific segment or a broader sample.
Does the functionality serve actual advertiser objectives and mental modes?
Is the experience aligned with advertiser expectations and industry practices?
A combination of product engagement metrics:
Has advertising proven profitable for sellers and has driven sales?
Do sellers perceive advertising an essential tool in the seller tool kit?