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Propaxio

Prop Firm · Multi-Channel Acquisition

How a prop firm attributed $13.6M in revenue across three paid channels

The interesting part of this story isn't the total — it's the composition. Google, Meta, and Microsoft each did a different job, and forcing them into the same strategy would have left revenue on the table.

Business type
Prop firm
Client
Confidential
Engagement
Multi-channel paid
Scope
Google + Meta + Microsoft

The starting situation

The client was already running paid acquisition across more than one platform, but the channels were managed as if they should all perform the same way — judged against one blended target rather than the role each was best suited to play.

The real problem

Treating every channel like the others meant underusing the ones that were quietly efficient and overloading the one that produced the most absolute volume. Without channel-level clarity, budget decisions were being made on the wrong comparison.

What the data showed

  • Google produced the large majority of attributed revenue — the channel best positioned to capture existing, high-intent demand.
  • A second channel contributed a much smaller absolute amount but did so efficiently, serving a different part of the journey.
  • A third channel added incremental revenue that wouldn't have been captured by the other two — valuable precisely because it reached a different audience.

What we changed

Channel-level attribution

Measurement was wired so each channel could be judged on the revenue it actually produced, not a single blended number.

Roles, not equal budgets

Budget was allocated to the job each channel does best — intent capture, demand creation, incremental reach — rather than split evenly.

Compliance across all three

Creative and account structure were reviewed per platform so scaling spend didn't trade growth for suspensions.

Results

Real campaign data · Client identity withheld
$13.6M
Attributed revenue
$1.89M
Marketing spend
Google
Majority of revenue
3 channels
Each with a distinct role
Attributed revenue by channel
Revenue
Google
$11.29M
Meta
$673K
Microsoft
$530K

Figures drawn from the client's reporting environment. Identifying information has been removed for confidentiality.

What we learned

The best channel mix isn't the one with equal spend.

It's the mix that lets each channel do the job it's best suited for — intent capture, demand creation, or incremental reach. A channel contributing a small absolute amount can still be the right one to keep running.

The capabilities behind this

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