How to Assign Value to Conversions
In order to calculate Return on Ad Spend, or ROAS, you will need to populate revenue data into the platform either through a conversion script or manually.
1) To pass the revenue through a conversion script you will need to have it dynamically populated into the "leadValue" field of the conversion script here.
For more information on how to pass the revenue through a conversion script see the "Conversion Script Installation Instructions" section of our Google Tag Manager documentation.
2) In some cases you may not want to pass the revenue through a conversion script but you would like a general ROAS calculation. To accomplish this you can enter in an average revenue value into the conversion setup screen. Here are the steps to do this:
- Once a conversion is created, find the conversion in the conversion list.
- Select Manage->Edit.
- Enter a Conversion Value for the conversion in the screen and click save.
Once the conversion has a value and a cost associated with it, LeadsRx can include it in the ROAS calculation.