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Stop 8 of 8DeepThe next morning

Holdout group

People intentionally excluded from email so you can measure whether email caused the revenue.

Say it out loud

A group we deliberately do not email, so we can prove the revenue came from the email and not from the customer.

A holdout is a control group excluded from a campaign or a channel so their behaviour can be compared to those who received it. Without one, “email revenue” is last-click storytelling: it counts people who would have bought anyway and attributes them to whichever message they touched last.

The arithmeticThe number that survives a finance reviewExample numbers
SIZEREVENUEPER HEAD
Received email90,000£412,000£4.58
Holdout10,000£38,400£3.84

They bought anyway. This is the part last-click attribution silently claims as email's.

Attributed by platform£412,000
Actually caused by email£66,600

(4.58 − 3.84) × 90,000. Six times smaller, and the only figure that is true.

Yours

Nobody does this for you.

What goes wrong

Running the holdout for one campaign and declaring a result. Incremental effects are small relative to weekly noise, so a single send is usually measuring the weather. Hold the group out for a period, not a message.

The dated rule behind this

A definition is not a citation. These are the pages with the primary source, the date it was published, and what to do about it.

See also

Where this sits

Stop 8, it comes back as numbers. The reactions become a dashboard, and the dashboard is lying to you a little.