Marketplaces

Are we spending to acquire users — or to subsidize demand we'd get anyway?

SpendSignal helps marketing leaders at Marketplaces companies uncover true incremental ROI, including revenue traditional attribution tools miss — and turn it into confident spend decisions.

Why this is a hard question for Marketplaces teams

Most Marketplaces companies rely on attribution reports that:

Can't separate incremental demand from baseline network effects

Ignore supply-demand imbalances across marketplace sides

Conflate incentive spending with true user acquisition

Optimize aggregate metrics that hide structural problems

The result? Budgets get misallocated. Efficient channels get cut. Growth stalls for reasons no one can explain.

What traditional attribution gets wrong in Marketplaces

In Marketplaces, channels like Meta, Google, and brand campaigns often influence buyers weeks or months later. Traditional tools stop measuring too early — leaving large portions of revenue unattributed.

Attribution rewards last-touch efficiency, not first-touch creation. This pushes budgets toward demand harvesting (retargeting, branded search) and away from demand creation (prospecting, brand, content).

How SpendSignal answers this — using incrementality

SpendSignal asks a simple question:

"What would revenue have looked like if this spend never happened?"

1

Upload historical spend and revenue

CSV or Excel with dates, revenue, and channel spend. No pixels, no SDKs.

2

Incrementality-first modeling

SpendSignal separates true causal impact from coincidence using counterfactual analysis.

3

Lag and halo detection

Captures delayed conversions and word-of-mouth effects that attribution misses.

4

Counterfactual simulations

Predicts what happens under different budget scenarios before you commit.

The 4 metrics marketing leaders in Marketplaces actually use to decide spend

Unattributed ROAS

Revenue driven by ads but never credited to them

Why it matters: In Marketplaces, word-of-mouth and delayed conversions create significant lift that attribution completely misses

Decision unlocked: Identifies which channels create downstream demand and hidden ROI

True ROAS (tROAS)

Actual incremental return per channel after bias correction

Why it matters: Shows which Marketplaces channels truly create revenue vs harvest existing demand

Decision unlocked: Reveals under-credited channels and over-credited harvesting tactics

Source-Wise Budget Allocation

Recommended spend per channel based on incremental returns

Why it matters: Translates Marketplaces insights into actionable reallocation with risk guardrails

Decision unlocked: Tells you exactly where to move budget for maximum incremental lift

Predicted ROAD

Expected incremental revenue from recommended budget allocation

Why it matters: Forecasts Marketplaces outcomes before you commit, with confidence ranges

Decision unlocked: Quantifies upside and risk of budget changes before execution

Example: A Marketplaces company

A Two-sided marketplace Marketplaces company running Meta, Google, Referral Programs noticed flat growth despite stable ROAS.

SpendSignal revealed:

28% of GMV was incremental but unattributed

Referral programs drove 2.1x more network effects than shown

Reallocating 15% from paid to referrals increased predicted ROAD by 19%

Decision outcome:

Strategic reallocation with $240K forecasted GMV uplift

What changes after you know the truth

What gets reduced

Over-funded harvesting channels that look efficient but create little incremental demand

What gets scaled

Under-credited channels with strong causal impact on revenue and customer acquisition

What risk gets avoided

Cutting channels that attribution under-values but actually drive significant downstream lift

What future outcome gets predicted

Forecasted incremental revenue with confidence ranges before budget is committed

Frequently Asked Questions

Does SpendSignal replace GA or ad platform attribution for Marketplaces?

No. SpendSignal sits above attribution tools and corrects their bias using incrementality modeling. You keep your existing tracking—SpendSignal adds causal intelligence on top.

Can SpendSignal work without user-level tracking?

Yes. SpendSignal does not rely on cookies or PII and works on aggregated data. This makes it privacy-compliant and future-proof against tracking restrictions.

How accurate is predicted ROAD for Marketplaces?

ROAD is a modeled forecast with confidence ranges, designed for decision-making, not false precision. It captures diminishing returns and channel interactions that static ROAS cannot.

What data do I need to get started with Marketplaces analysis?

Just historical spend and revenue data in CSV or Excel format. SpendSignal automatically detects columns and applies incrementality modeling—no complex setup required.

How long does it take to see results for Marketplaces campaigns?

Upload your data and get initial insights in minutes. Full incrementality analysis with budget recommendations typically completes within an hour.

Make your next spend decision with confidence

Stop optimizing for dashboards. Start optimizing for incremental revenue.