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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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