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Really dig into the stats on each ad to figure out what you can do to improve the click-throughrate (CTR). For example, if you're targeting your ad to people between 18-65 years old (I hope you're not!), you can see which age segments perform the best for your ads. Makes sense, right?
It lowers your cost per click while improving click-throughrates, ultimately enhancing return on investment. The frequency will vary depending on your account’s size and the ad spend amount, but conducting a PPC audit at least once per quarter is recommended. It also increases ad spend.
The idea here is that the brand is only paying when someone actively interacted with the ad by clicking on it. This is how the ads that appear on search engine results pages, alongside ads in retargeting campaigns, are paid for typically. CPA often stands for cost per action or cost per acquisition.
Perhaps one of the most advantageous aspects of digital marketing, retargeting campaigns hinge on past user data collected via website sessions and prior adclicks, allowing you to send customized messaging (and different offers) to individuals that already have some semblance of your company.
As you can already see from the two charts above, the Facebook ads cost can vary a lot based on your Facebook ad campaign setup. After reading this article, you’ll have a much better overview of: How much you should pay for a Facebook adclick? Which Facebook ad placements have the lowest costs?
For example, if your goal is to get more conversions from pay-per-click, it pays to track metrics such as Cost Per Action (CPA), conversion volume, Return on Ad Spend ( ROAS ), and, of course, your overall conversion rate.
All in all, it is crucial that you measure your Facebook ad performance on a regular basis, ideally every week. Because there’s an almost endless choice of metrics available in the Facebook Ads Manager: Reach, Impressions, CPC, CPM, CTR, CPA, Relevance Score, Engagement Score, Landing Page View (All or Unique?) GIF source.
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