How to Optimize Your Facebook Ads for Conversions in 3 Simple Steps
Posted at Sep 18, 2017 4:57:00 PM by Nathan Mendenhall | Share
If you have read any of my blogs you know that I am definitely a fan of Facebook’s advertising offerings. From experience, Facebook Ads have proven to be the most cost-effective way to reach a targeted group of consumers online. Used correctly, you can easily drive targeted traffic to your website for less than $0.20 per click. A cheap cost per click is great, but there will always come a time when you need to focus on converting those social media website visits into purchases. You can optimize your Facebook Ad Campaigns for conversions in 3 simple steps. Before we review the process, it is important that you to have the Facebook Pixel properly installed on your website.
The Facebook Pixel is a little snippet of code that makes conversion tracking, remarketing and ad optimization easier. Essentially, this code allows your website and Facebook to better communicate and understand how the traffic generated from Facebook behaves on your site. Once your Facebook Pixel is triggered enough, you will be able to optimize for conversions. Here are the 3 simple steps!
1. Navigate to the Ads Manager and select the Conversions Objective for a Facebook Advertising Campaign
2. In the Conversions section, choose the Facebook Pixel and conversion event that you would like to optimize for. Best practice is to choose a conversion event that happens roughly 15-20 times per week such as an item purchase or content view.
3. Navigate to the Ad Set level of your Campaign where you can change the Budget and Campaign Schedule. Set your Optimization for Ad Delivery to Conversions. You will then want to set your conversion window. Facebook recommends setting it for 7-days as users bounce around a bit before converting
Optimizing for conversions is really simple, however there are some things to consider. Here are some tips!
Choose Your Conversion Event Wisely – A conversion might not always be a sale or purchase. Sometimes you might want to optimize for a page view if that content is particularly important or if your website isn’t transactional.
Collect Enough Data – Facebook needs a certain amount of data to be able to optimize for conversions. Be sure that your conversion event happens frequently on your site, roughly 15-25 times per week.
Be Patient – While Facebook is super smart, their systems still need time to learn. Test ads using the Conversions Objective for a long enough time to allow Facebook to react to the data and find other users who are likely to convert. We recommend running a campaign for at least a month.
Change the Plan When Needed – If you aren’t happy with your campaign results, try a different Conversion Event. Facebook recommends starting out with a Link Click Optimization so that they can optimize for both link clicks and conversions together!
Have you tested Conversion Optimization for your Facebook Ad Campaigns? If so, what did you think?!