In early October, Facebook announced the second phase of their migration to a new campaign structure for advertisers. These campaign structure updates are being rolled out in order to make Facebook campaign management and reporting easier and more insightful for advertisers. As part of the migration, all targeting, placement and bid settings will be moved from the ad to the ad set level for new campaigns created within Ad Manager or Power Editor.
To help get advertisers up-to-speed on the November 14th settings update, we have provided three quick tips to consider as you begin to manage your Facebook campaigns with the new group-level targeting settings:
1. Set up campaigns based on advertising objectives
Facebook offers a variety of campaign objectives for which you can base your campaign taxonomy, reporting and optimization efforts around. Example campaign objectives provided by Facebook include clicks to website, website conversions, and page post engagement. In addition to these “out of the box” Facebook objectives, many advertisers optimize towards revenue based objectives like ROI, ROAS or profit margin by integrating their sales revenue from first or third party sources into our system and tying to back to campaign spend. Regardless of the desired goal, advertisers should make sure they organize their campaigns around the specific business outcomes they expect to drive with their investment.
2. Create a group for each audience so you can test and optimize audiences separately
For Facebook advertisers, audience-focused marketing means separating each audience segment into individual groups, and optimizing towards the ROI of each segment. To implement this new group-level management strategy in Marin, advertisers should keep all other group settings consistent. That way, if one group performs better than another, they will be able to correlate the performance back to the targeting as opposed to another factor such as a higher bid. This approach will help determine the most responsive audience and reduce the chance of your ad sets competing against each other for the same audience.
3. Optimize top performing placements
Facebook app usage on mobile devices has continually increased every quarter ordering to the company’s public investor reports. In fact, more than 83% of Facebook users now visit the app via mobile devices every month. With this in mind, advertisers should ensure that they take advantage of all of the placement opportunities Facebook offers, especially mobile placements. The new group settings changes present new opportunities for managing placements in our platform. Depending on their needs, advertisers can target more than one placement for each group in our system in order to maximize delivery. Alternatively, advertisers can target one placement per group to see which one drives the best results.
4. Create multiple ads to optimize creative
In order to drive optimal performance, Facebook advertisers should regularly test and iterate creative attributes like image, title, and description in order to understand the which attributes resonate with each audience segment. We recommend creating a small variety of ads with variations in order to test against each audience segment you have created in Step 1. Then, place the creative variations in each audience-focused group. Finally, use your platform’s A/B testing feature to understand the “winning” and “losing” creative based on your test criteria. Iterate the winning creative further and conduct additional tests within each audience-themed group.