MT Marsel Tsepoday
RU UA EN
Discuss a project
← All articles
Advertising May 14, 2026 · 6 min

Tsepoday MarselROMI below 1: three causes visible in a one-day audit

When advertising "doesn't pay off", the problem is rarely in the bids. Here are the three causes I find most often on day one of an e-commerce ad audit.

Cause 1. Last-click attribution

The brand campaign "brings" half the orders because it steals the last click from people who were already coming to buy. Turn it off for a week — and see the real contribution. It is usually several times smaller than reported.

Cause 2. Discounts eat the margin

ROMI is counted on revenue, but a 15% promo code at a 30% margin is half the profit of an order. Count payback on margin, not on turnover: for some campaigns the sign will flip.

Cause 3. One offer for all segments

Campaigns compete for the same audience with the same message — you are heating up the auction against yourself. Separate segments by campaign and by message.

Where to start

One day and three files: order export, cost of goods, campaign report. A spreadsheet and honesty. Only after that does it make sense to touch bids and creatives.

Key takeaways

Facing a similar challenge? About the service →