Here is how to grow your audience for $1 per day by using automated rules to optimize your Facebook ads.
The above ad is doing surprisingly well despite some potentially conflicting objectives.
When we run the Traffic Objective, the ad will have a “Learning” phase. Thus, you usually use your hottest audiences and scale your spend when you retarget here. You want the creative to make it through that phase as quickly as possible.
However, we used a Why audience at just a few dollars per day. The ad has an 8% CTR and a CPC at $0.33– so we’ll keep it up to see what happens.
When we’re doing What videos, we want to give Facebook as much room to work with as possible. I’d use “Choose Dynamic Creative” to add as many variations of copy and content in here as possible.
But you should be going for Thruplays here, too, so Facebook will keep pushing it- and we’ll take the What Winners for Traffic and Conversion ads.
Building Rules for Ads
Here’s how to grow your audience through building rules.
I love how simple these automated rules are, since they empower small business owners to manage their own personal brand.
We have a few ads at $.04, so I built a rule for all ads. If Cost Per Result is greater than $0.05 –> turn off the ads.
I also created a Rule is Cost Per Result is < than $0.04 –> scale the spend by 20% on Daily Budget or Lifetime Spend depending on the ad.
However, the ads need 1,000 impressions for the rule to kickoff. This rule is meant to kill a majority of ads with Thruplays as the objective. You may have some ads that are going for clicks. The rule may kill those ads and accidentally and we’ll need to update it.
What do you think about using automated rules to optimize your ads?
About the Author
Dennis Yu is co-author of the #1 best-selling book on Amazon in social media, The Definitive Guide to TikTok Ads. He has spent a billion dollars on Facebook ads across his agencies and agencies he advises. Mr. Yu is the "million jobs" guy-- on a mission to create one million jobs via hands-on social media training, partnering with universities and professional organizations.You can find him quoted in major publications and on television such as CNN, the Wall Street Journal, Washington Post, NPR, and LA Times. Clients have included Nike, Red Bull, the Golden State Warriors, Ashley Furniture, Quiznos-- down to local service businesses like real estate agents and dentists. He's spoken at over 750 conferences in 20 countries, having flown over 6 million miles in the last 30 years to train up young adults and business owners. He speaks for free as long as the organization believes in the job-creation mission and covers business class travel.You can find him hiking tall mountains, eating chicken wings, and taking Kaqun oxygen baths-- likely in a city near you.