For Online Education

Which channels produced paid enrolments?

Match paid enrolments, upsells and renewals to the campaigns that produced the learner, past the free trial that hid them.

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Online Education workspace FY2026
Enrolments traced to a channel

$504,000 63% of $800,000 paid

  • Google Ads $232,000 · 29%
  • Meta Ads $168,000 · 21%
  • Affiliates $104,000 · 13%
  • Direct / Unknown $296,000 · 37%
Direct / Unknown is shown, never shared out across the channels above.
Google Ads · LeadFY2026 14 · (•••) •••-0134
Closed sale · FY2026 27$1,240
Matched · high confidence

The blind spot

What's actually happening

Free trials and lead magnets make top-of-funnel look excellent. Paid enrolment rates differ by an order of magnitude between channels, and platform dashboards cannot see it.

What you get

Built for Online Education.

Enrolments and tuition, not enquiries

Rank channels by the tuition they produced rather than the forms they filled.

Enquiry to enrolment takes months

Someone who enquired for one intake and started at the next still credits the original campaign.

Defensible to a board or provost

Only exact matches count automatically; anything weaker is flagged rather than assumed.

A worked example

The number you can take into a budget meeting.

Not impressions, not leads, not cost per click. Closed revenue, by the channel that produced it, for a period you choose — with the portion we could not trace shown rather than quietly shared out across your paid channels.

Total revenue$800,000paid enrolments
Attributed to a channel$504,00063% of revenue
Average deal$1,240per paid sale
Match rate82%of sales matched
ChannelSalesRevenueShare%
Google Ads187$232,00029%
Meta Ads141$168,00021%
Affiliates86$104,00013%
Direct / Unknown244$296,00037%
01

A free signup is not a customer, and the ratio is not constant

Channels that produce free signups cheaply are frequently the worst at producing paid enrolments. Optimising to signups therefore actively moves budget toward the weakest channels.

Ranking on paid revenue is the correction. In this category the two rankings commonly disagree completely, which is exactly why the exercise is worth running.

02

Affiliates report their own numbers, which is not a check

Affiliate and partner networks self-report conversions, and those figures rarely reconcile with the revenue in your own system.

Uploading the affiliate lead export as a source file and matching it against your own paid enrolments gives an independent count — usually the first one the business has ever had.

Why it matters

What changes when you can prove it.

You stop defending the budget and start growing it

"We generated 400 leads" invites an argument. "This channel closed $186,400 last quarter, here is the reconciliation" ends one. The teams that can show closed revenue by channel are the teams that get the next increase approved, because they are asking with evidence rather than with conviction.

You can cut the wrong channel without a fight

Killing spend is politically harder than adding it, because someone always owns the channel being cut. A number that reconciles to the sales export takes the argument out of the room — you are not overruling a colleague's judgement, you are reading the same ledger they are.

Your reporting survives the finance review

Platform-reported conversions do not reconcile to revenue, and eventually someone in finance notices. Reporting built from your own closed-sales export starts from the number finance already trusts, which is why it holds up when it is checked.

You answer in an afternoon, not a quarter

Because this reconciles exports rather than tracking visitors, it works on months that have already closed. You are not instrumenting now to learn something in ninety days — you can answer for last quarter today, which is usually when the question is being asked.

Honest answers

The pushback we hear from Online Education.

They say

We have a huge free tier.

We say

Which is why paid revenue is the measure. Free signups appear as unmatched leads and cost nothing against your allowance.

They say

Our affiliates report conversions.

We say

Which is precisely what an independent match is for. Upload their lead export and compare it against your own revenue.

They say

Learners are worldwide.

We say

Phone country and currency are set per dataset, so a mixed international file is handled correctly.

Pricing

Flat monthly pricing. No per-call fees.

The number here is the number on the invoice — no per-call, per-minute or per-form fees. Most online course providers and professional certification land on Growth — thirteen months of history to compare a month to the same month last year, and a PDF you can put in front of whoever holds the budget.

Questions

Questions we get about Online Education.

Anything else? Talk to us — a person answers, usually the same day.

Paid enrolments: a learner email, the amount, and a date.

Start today

Stop guessing which ads pay off.

Upload two exports and see your real revenue by channel in minutes. Three days free, no card.