If a competitor is running a high-performing campaign targeting the same audience, what action will maximize efficiency?

If a competitor is running a high-performing campaign targeting the same audience, the action that will maximize efficiency is to refine your ad creative and messaging to offer a differentiated value proposition or address a specific unmet need within that shared audience. Directly competing on the same features or benefits will likely drive up costs without necessarily winning over customers. Instead, identify an angle that the competitor is not addressing effectively or at all. This could involve highlighting a unique product feature, offering a more compelling price point, targeting a specific sub-segment within the audience, or using messaging that resonates more strongly with their values. For instance, if a competitor is emphasizing product features, you might focus on customer service or community building. By differentiating your offering, you can capture a share of the audience without directly engaging in a costly bidding war over the same keywords and placements.