article thumbnail

Facebook Ads Bid Strategies: Lowest Cost, Cost Cap, Bid Cap

Jon Loomer

Facebook advertisers can use bid strategies to help control how Facebook spends your budget in the ad auction. The primary bid strategies are as follows: Lowest Cost. Lowest Cost. Lowest Cost is the default bid strategy, and it doesn’t involve any effort at all. You don’t care about the Cost Per Action.

Cost 202
article thumbnail

How Competition Impacts Facebook Ads Costs

Jon Loomer

It’s important to understand that your Facebook ads costs aren’t determined in a vacuum. It won’t always cost the same amount to get that click or conversion. In fact, the rate at which people act on your ads could remain constant while your costs could fluctuate wildly. The role of competition.

Cost 216
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will Facebook Ads CPM Costs Increase This Holiday Season?

Jon Loomer

In particular, will Facebook ads CPM costs increase? There is good reason to hope, based on current trends, that any seasonal cost increases may be subtle. Let’s discuss how CPM impacts Facebook advertising results and the trends that we are seeing so far… Why CPM Matters. Within Marketing Pulse.

CPM 188
article thumbnail

How to Cut Costs on Facebook by Exiting the “Learning Phase”

Ignite Social Media

With Twitter banning political ads and Google restricting them, a large share of digital political ad dollars will go to Facebook (source: eMarketer, January 2020). This increase in ad spend will likely result in an uptick in costs for those advertising on Facebook and Instagram. What is the Facebook Learning Phase?

Cost 205
article thumbnail

Facebook Ad Bid Strategies: Lowest Cost and Target Cost

Jon Loomer

Advertisers often complain about cost stability and an inability to scale. There are Facebook ad bid strategies that may improve these results. Are you not getting the cost per event that you’d like? Are you having trouble maintaining a stable cost when raising your budget? Lowest Cost Bid Strategy.

Cost 167
article thumbnail

How Much Do Facebook Ads Cost? (2022 Benchmarks)

Hootsuite

If I had a nickel for every time someone Googled “How much do Facebook ads cost?” How many Facebook ads would that buy? Yep, the answer to all of your Facebook ad cost questions is, “It depends.”. But how do you know if your costs are “good” or not in the first place? How does Facebook ad pricing work?

Cost 94
article thumbnail

7 Simple Ways to Lower Your Facebook Cost Per Click

Hootsuite

Did you know that running Facebook cost-per-click advertising campaigns opens up your business to reach a potential audience of 2.11 That’s right; Facebook is alive and kicking! Now under the Meta umbrella, Facebook cost-per-click advertising has long been a trusted strategy for growth when combined with organic content.

Cost 74