Hi John,
I've just updated the image below as the campaign has now running for a few extra days since originally posting this..
Since going live with my 4.0 funnel my primary focus and attention has been on the front end of the funnel with regard to testing various target audiences and Ad Campaigns that can drive a steady flow of new traffic into the funnel that is cost effective. I feel like I've made a lot of great progress in this direction & have learnt a ton in the process thanks to your gr8 content and guidance which I'm very grateful for.
Below is a copy of a spreadsheet I put together to showcase the key metrics for the first 7 days of my current FB Ad Campaign. I would highly value your feedback on how these results are looking from your perspective and what the key things are that I should be considering moving forward with it's longevity.. with thx :~)
Hi Dino,
Steve here from support. John is currently traveling, but I've left a note for him to review your spreadsheet when he returns. We greatly appreciate your patience in the meantime.
Hi Dino,
My apologies for the slow response. I've been traveling all week and things were so hectic that I was offline the entire time. Back home and at the desk now.
Things look pretty good. Your CTR is outstanding. So to be honest, I'm a little surprised that the relevancy score is only 8. Perhaps they are not seeing a comment/share ratio that is ideal. Hard to say.
But don't get me wrong. 8 is good.
I'm assuming those are conversions? If so, the only thing I would say is that the price is still a tad high. But this could be because you don't have much campaign history yet.
Obviously your US traffic is more affordable, which is also good. You may want to stay focused on the US for a while if this holds up.
Jumping from an 8 to a 9, or 10 will be tough but once you do you should see those conversion costs drop to around, or even less than, $1. But you are on the right track.
What I would be doing right now is testing those winning variables on different target audiences to see if that alone doesn't get you in range.
It's hard to say without looking at the aweber conversion data but it looks like your squeeze page is converting under 20%. That would be a big thing to look at as well. In fact, if that's correct, that could be all you need to look at. Even by bumping that up to 25%, many of your conversion prices should down around $1. I would be sure to take the winning aspects of your ads and make sure they are also reflected in your squeeze page. At least in terms of image choices, tone, headlines, etc. You want the squeeze page to be consistent with the reasons they clicked on the ad.
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Hi John,
Welcome back! I hope you were able to enjoy some quality time out. Thanks for your response. This has certainly been the most successful campaign I have run with ads targeting cold traffic. All the testing has certainly helped a ton.
Since posting my message I ran the campaign for another couple of days and then decided to pause it as I noticed the "Cost per Result" was slowly starting to creep up each day which you will see in the image below.
In Summary: My 9-day campaign resulted in 217 new subscribers at an average cost of $1.61 per subscriber. But I also picked up another 17 free subscribers through organic post shares so the true result was actually 250 new subscribers at a cost of $1.40 per subscriber.
On my squeeze page end.. after 1,197 displays my conversion rate ended up at 20.9%
As you pointed out, considering the CTR % is fairly high, I would've thought the cost might've come down a little.
But still, overall, this is a huge personal win for me to be in the game with a live campaign that is actually achieving healthy measurable results on the front end that I can continue to grow with.
Whilst this campaign is in pause mode, I am testing a couple of other target audiences using the winning elements.
Are there any aspects of pausing a campaign that i should be aware of?
Given my 9-day campaign above what are the key things I should be considering when reactivating it?
Thanks again for your guidance and feedback... cheers :~)
That's great to hear Dino.
And yeah, from my perspective you need to count those extra subs because they do come from the ads even if not directly. And $1.41 is not bad at all. Could be better, but is in range. And if your funnel converts well you could easily be profitable with those prices.
But if you increased that squeeze page to even just 25% then your current costs would be down to $1.05 which is right where you want to be. My opinion is that there is a slight disconnect between the ad and the squeeze page, or possibly the targeting. 20% conversion rate is totally fine, but that CTR is so good that I would have expected the squeeze to convert a bit better. You might just look at the elements in the ad and see if there is anyway you can carry those over to the squeeze page. You might also check the landing page in mobile and make sure nothing is broken or displaying weird, as that can have an impact as well.
In terms of pausing and then reactivating, I don't really have any words of wisdom. Sometimes doing that leads to improvements, sometimes things get worse. I believe it is primarily due to how the campaign performs directly after it's turned back on. So maybe just don't reactivate it on a Sunday night 🙂
Glad I've been able to help a bit.
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Appreciate your prompt response John.
You raised an interesting point in your closing comment about the time of reactivating the campaign.. Given that I'm based in Australia, I've often wondered about what the ideal time of day is to launch (or reactivate) a campaign when targeting the US?
I don't have any proof to back it up but my opinion is that the best time to start an add is in the morning Mon - Thurs, US time. But that is by no means set in stone and I often break that rule.
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That seems fairly logical.. although ultimately you never really know until you test.
What about changing the budget amount?
I remember you talking about that during the 4.0 training and suggested incremental changes that were relative to the starting budget... but in general terms, have you noticed any specific effects to the results to a campaign when the budget is changed?
It's best to up the budget incrementally because there is often a balance in which you get the right frequency going and the ad performs well, and then you up the budget and that frequency gets thrown off. But it's not the kind of thing where you will see your frequency numbers really change, it's more that it pushes you out of the most optimized segment as Facebook tries to serve the ad to more people. So it's a bit of an invisible balancing act. Usually you increase a title at a time until you see performance drop off. Then you know you've gone too far. That said, if your audience was 2 million and you were bidding just $10/day, it would be safe to say that you could make a bigger jump then if it was 50,000.
Having trouble with your marketing? Wish you could have an experienced direct-to-fan marketing expert look over your actual campaigns, music, or content and offer feedback? Or perhaps you’re just looking for a little one-on-one assistance so you can ask questions that pertain to your specific goals and get a second, more experienced, perspective? Click here to book a session with me now.