Can someone help with approach for the
A food blog for your restaurant delivery app is sending an email to 10,000 of its subcribers. Below is historical performance from similar campaigns
Promo 1 Promo 2 Promo 3
Promo discount(new user) $5off, 3*$5off, $15off
Conversion rate 2% , 3% , 5%
Avg basket size (1st order) $15, $18 , $23
#orders/year 6 , 12 , 8
Restaurant delivery app service fee 25% across all promos
Promotional code : Dollars off an order
Conversion rate: Percent of uers redeeming discount code
Avg basket sizze (1st order): Avgorder from your delivery service app, assume after the first order the basket size will be $20 for all promos
#orders/year : number of orders from your delivery service per per lient in the given cohort
Question: Analayse performace of all three promos and suggest which is the best one
Question 2: If we want a return on profit on each rider within 6months what is the maximum amount we would give off on the promo code
A food blog for your restaurant delivery app is sending an email to 10,000 of its subcribers. Below is historical performance from similar campaigns
Promo 1 Promo 2 Promo 3
Promo discount(new user) $5off, 3*$5off, $15off
Conversion rate 2% , 3% , 5%
Avg basket size (1st order) $15, $18 , $23
#orders/year 6 , 12 , 8
Restaurant delivery app service fee 25% across all promos
Promotional code : Dollars off an order
Conversion rate: Percent of uers redeeming discount code
Avg basket sizze (1st order): Avgorder from your delivery service app, assume after the first order the basket size will be $20 for all promos
#orders/year : number of orders from your delivery service per per lient in the given cohort
Question: Analayse performace of all three promos and suggest which is the best one
Question 2: If we want a return on profit on each rider within 6months what is the maximum amount we would give off on the promo code
