FB-Ad-Tips-1
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THE FACEBOOK ADS EXPERIMENT: 12 TIPS TO CRAZY ENGAGEMENT<br />
TIP #7: BIDDING STRATEGIES<br />
Something that many Facebook advertisers disagree on is bidding strategy. This is okay because in most cases there is no clear “right” or<br />
“wrong.” You use whatever works best for you.<br />
In this tip, I’m going to help you understand what the various bidding strategies are, when you might use them and how I used bidding for my<br />
experiment.<br />
TYPES OF BIDDING<br />
Examples are…<br />
Optimized for Objective (formerly oCPM): When you select your<br />
objective on the campaign level, by default Facebook automatically<br />
chooses “Optimized for” your objective.<br />
◼◼Clicks to Website<br />
◼◼Website Conversions<br />
◼◼Page Post Engagement<br />
◼◼Page Likes<br />
◼◼Mobile App Installs<br />
◼◼Mobile App Engagement<br />
◼◼Desktop App Installs<br />
◼◼Desktop App Engagement<br />
◼◼Offer Claims<br />
◼◼Event Responses<br />
◼◼Video Views<br />
◼◼Local Awareness<br />
When this is selected, Facebook will show your ad to select people<br />
within your chosen audience who are most likely to perform that<br />
action.<br />
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