
Match Types and Negatives: Steering Broad Without Bleeding
Broad match is a proposal, not a promise. Negatives are how you answer it.

Funnel thinking treats every customer as a terminal event. Loop thinking asks what each customer produces. The difference shows up in your CAC curve about nine months in.

Broad match is a proposal, not a promise. Negatives are how you answer it.

Retargeting does not create demand, it closes it. Budget it like a closing tool and cap it like one.

A referral program is not an incentive, it is a moment. Get the moment wrong and no reward size will save it.

Fewer campaigns usually means faster learning. But consolidation fails predictably in three situations, and knowing them is worth more than any template.

The first three seconds decide whether the other twenty-seven exist. Most budgets are spent producing the part nobody reaches.

A ten percent price increase absorbed without churn is worth more than most acquisition campaigns. The question is how to find out safely.

Search engines reward demonstrated coverage of a subject, not isolated pages. A topical map is the plan that turns scattered posts into an ownable territory.

Most accounts do not have a bidding problem. They have a pacing problem that looks like a bidding problem.

A flattening curve means you have a product. A curve that reaches zero means you have a series of transactions. Everything else follows from that distinction.

Campaign calendars are easy and mostly wasted. The revenue sits in a handful of triggered moments that most teams have never explicitly mapped.
Server-side tracking recovers signal. It does not restore the pre-privacy world, and it will not fix a broken measurement model.

Editing a bad draft costs more than writing a good brief. Most teams keep choosing the expensive option.

Most bad decisions made from data are not made from the wrong analysis. They are made from the right analysis on broken inputs.

The interesting question is not product-led or sales-led. It is which signals justify putting a human in the loop, and at what point.

Modern platforms find your buyers if you stop blocking them. Your job is to remove the people you should not be paying for.

Answer engines reward clarity, structure and verifiable claims. So did search, we just got away with less.

Platform-reported ROAS answers "who touched the sale?" Incrementality answers "would it have happened anyway?" Only the second one supports a budget decision.

Fast list growth is easy to buy and impossible to keep. The compounding sources are slower and far more valuable.

The test of a north star metric is not whether it sounds important. It is whether a team could increase it in a way that harms the business.
The briefing
Channel breakdowns, measurement teardowns and the numbers behind them — sent Thursdays.