I keep running into the same problem with ChatGPT Ads. We have years of benchmarks for Google and Meta, but almost nothing for a surface where the user is in the middle of a conversation instead of scrolling a feed or typing a search query.
My hypothesis is that the intent signal could be strong while the path to conversion is harder to see. A click might be the end of a long research chat, so last-click could undervalue the channel, or credit it for something it only nudged.
So the real debate is about setup, not performance. One option is a small fixed test budget with a written stop rule, like a set cost per qualified lead or a set number of conversions by a date. The other is waiting until you have a proven baseline on another channel and then comparing. Waiting feels safer, but you may never get clean data if you only look at the channel after everyone else has already made up their minds.
How do you define a kill threshold for a channel where you don't yet trust the attribution? What would you measure first, and what would you ignore?