Below, we give one example from a relevant context, illustrating (with screenshots) what choices you might make, what it would look like, and how to implement it.
See also: Facebook split-testing issues and #videos-facebook
Updates/general advice: (Sep 2022) To do 'any good tracking and optimization through 'Facebook, you should set up the Meta Pixel and Conversion API as soon as possible.
You may want to jump to the #optimizing-and-pixels (WIP) section.
"Meta Business Suite"(https://business.facebook.com/) is the starting point of your ad campaign. If you have a Facebook Business account, you should have a "Meta Business Suite":
Next, click on "Ads manager" (See the megaphone on the left).
When creating a new "Traffic campaign" ('cold traffic campaign' referenced HERE) there are a lot of options to help you optimize your delivery while minimizing your expenses.
You need to opt-in to these tools by ticking "create A/B test" and "Budget Optimization" on the first page of your "ad campaign manager." Since there is no downside (we would like to learn which ad design works best), we decide to opt-in to each of these.
Budget optimization is closely related to the choice of the target group. In general, the larger the target group, the cheaper it becomes to reach a certain amount of "link clicks".
Suppose we wish to create a targeted ad for a particular Facebook audience. For example, we might wish to put an ad...
in the 'feed' of US Americans who are interested in charity or volunteering or philosophy
giving them a link to a page encouraging them to learn about EA
We can use the "schedule and duration" function not only to automate the timing of our campaign, but also to estimate its cost. For example, we assume that we need 800 participants to click-through to start the 20 fundraisers (i.e., a rate of 2.5%).
Below, we see that FB estimates 172-497 link clicks per day for 10 Euros per day for (a different_ case.
You can specify
Demographics
Interests
Behaviors
"Include" seems to be the default when specifying these ... it 'expands the audience'. You can click 'narrow further' to constrain the audience.
We have some evidence that narrower targeting helps. An obvious candidate is
The next big choice is 'where do you want to drive traffic?'. You'll enter more details about the destination later.
Since we want people to click our web app, we chose "website".
We may have several versions of the ad we want to try out, and we want Facebook to iterate towards the one that is more successful using their algorithm. Ideally, we would like to learn as much as we can about 'which ads perform better on which audiences'.
We can set up Facebook's ("meta") algorithm to dynamically optimize 'over which will get the most clicks.'
Where do we actually specify, enter, and style our ad content?
Finally, we have to decide which delivery we want to optimize.
We may want the ad that gets the most "conversions traffic to our page". Therefore, we choose the option "link clicks".
However, we might instead want FB to optimize the ad presentation in terms of which ad not just leads to the most 'clickthroughs' but leads to the most "conversions" or some other action taken on our page To do that we need to set up a "meta pixel". See #optimizing-and-pixels
DR: In my past experience, you ended up paying Facebook based on the number of "clicks" you got not simply on how long your ad was up. But it's probably a combination of these, and there are probably different pricing plans. You can tell Facebook to put a limit on either of these do not go "over budget". Facebook will aim to spend your entire budget and get the most link clicks using the lowest cost bid strategy.
Currently EUR 315 is the max for new users ... but for our present pilot we may want less than this (check: how much do we expect to pay for 800 clicks, let's split this up into ... first 100 clicks, next 300 clicks,.. to see if its going OK )
Finally, you enter the third and last page of the ad creation process. Here you have to verify your ID and Facebook page and choose the actual design of your ad versions. ["of which the most important one is whether you want to have a video or single image." (?) ]
The last step before publication is to specify the destination for your campaign.
We chose a website and simply copy the URL into the mask to make sure the ad is linking people to the right destination.
The pixel includes content from Facebook that needs to be integrated into your website/page of interest. (To do: link instructions for this).
One simple way of doing this: "Events setup tool"
Once you are in the ads manager for an ad, go to the 'Events Manager':
"Add events", choose "from the pixel"
"Events setup tool"
Put the URL for your site in and 'Open website'
As seen below, this opens our page, and show what things have already been associated with a Pixel. Here the "create fundraiser" button on this page has been associated with a button on this page with the "Initiate Checkout". (We use default names Facebook is familiar with, even though there is no 'checkout' in this case).
("Facebook Pixel Helper" extension in Chromium might be helping here, but I'm not sure how).
For example, I could click 'who are we' on a page and associate it with 'view content'
I could 'add a value' to this, if it makes sense.
Can I use this later to have FB optimize for 'net value' of a user generated on the page? This might be a useful way to assign greater importance to certain things, even if they aren't actually monetized.
After this 'finish setup' ... it gives you the chance to see what you have asked it to do and confirm or cancel it.
Once you have nice pixels set up, you can use this in helping Facebook decide which versions of ads to serve, which audiences to serve them to, etc. You set up your ad, define an objective etc...
Here we're choosing 'initiate checkout', which we defined as clicking on a 'create fundraiser' button on the first page of our site (early in the funnel)
The warning below might not matter as we
The warning below might not matter as we haven't had our page up for a while. But we have also been told elsewhere that before you can get the ad to optimize for conversions ... you first need to have the pixel set up and the ad running, optimizing for views. So this might still be a concern.
I assume that the same 'conversions' target defined above is used in optimizing the 'dynamic creative' if you turn that on.
The next step is to select "Create a campaign" and choose an "objective"... the interface gives you some idea of what these aim for:
From a recent relevant experience in our group's context...
Write a captionYou can specify
"Include" seems to be the default when specifying these ... it 'expands the audience'. You can click 'narrow further' to constrain the audience.Don't forget to use the search tool within 'browse' to find ways to do careful targeting Exit with⌘↩
Don't forget to use the search tool within 'browse' to find ways to do careful targeting
During this process, you can see a concise statement of your choices, and the estimated audience size further up on the page:
"Track new button" lets you see what click options you could associate with a pixel.This highlights clickable things you can do this with. ('Create fundraiser' is not highlighted, probably because it's already been assigned).
Define your goal as 'conversion', and define what 'conversion' corresponds to in terms of pixels:
Facebook tracks people for a while. So in optimizing, you can change 'what time period of outcomes it attributes to which (version of the ad)':
