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Thank you so much for sharing this
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Free registration at the forum removes this block.Google has decided to now quietly spend 2x more your budget, even though you set a limit, on high traffic days.
How you gonna budget now monthly? If you have high traffic early in month, you could have $0 at the end to spend
Charges and your daily budget - Previous - AdWords Help
I talked with a potential client today.
I realize something new every time I interact with new clients, which is great. But many times it is also concerning.
More and more people decide to set their marketing budgets on some random advice they get that says, "X percentage of your revenue should be marketing" or "this is what I can afford and if you make me more money, I can spend more gladly".
While those strategies might have some merit, it's typically the wrong mindset.
Example:
The Problem ( and backstory )
Say you have a budding Personal Injury attorney in Scottsdale. He does OK but he don't have a lot of money for his new practice.
At best, he has $750 a month to spend monthly on PPC. ( this is a very real and typical example )
He picks running on Adwords as his marketing platform and his clicks in this vertical and location come out to be near $60 a click on average.
With his $750 monthly budget, he needs to set a daily budget at $25 a day.
$25 a day budget... but the clicks are $60 each. I'm sure you can do the math here, right?
So lets assume the guy can spend $100 a day though. That's $3k a month roughly.
The clicks are still $60 a click. It only takes 1.5 clicks to exhaust his daily budget of $100.
Most times, this guy's budget is exhausted before 1pm EST.
Most times, depending on his CPC setting, he is probably bottom of the page or an average position of 4th/5th when he does run.
His Outcome
Most of the day, his ad is not showing. Meaning he is losing potential customers and cases.
Even the customers he is getting good results with, the data behind those customers is skewed to those willing to click a bottom of the page ad ( meaning they probably priced shopped elsewhere or couldn't get a hold of the attorneys listed above him ) AND those looking early in the morning.
You really can't optimize forward on this skewed and dirty data.
I mean, you can optimize on it... if you always want to be bottom of the page and ONLY run in the mornings going forward because that's all this data is really good for other than "generalities".
In the end, most times this account will fail and not get optimized correctly because the data will be flawed and the budget was set on the mindset of "I should only be spending x% on marketing", or "this is all I can afford".
Alternative
I get it if you can not afford more for Adwords and only put in what you can.
But the correct method to START your marketing spend with Adwords so you get off on the right foot is, having enough marketing budget to secure a 1st or 2nd average position for your keywords to cover a full 24 hour period for the entire month.
Expensive? It can be. But would you rather do it differently and never have the "right data" to optimize to get to profitability and lose all that ad spend anyways later in floundering results?
See, the issue really boils down, "what can I work with to optimize your account".
When you have a low monthly budget, you potentially end up like my attorney friend above that either doesn't have enough ad spend daily to show his ad ( $25 daily, but clicks are $60 ), or you have just enough that if 1-2 people click on your ad ( at say 9am ), your ads shut off before noon every day for the most part.
Based on that, maybe your best customers are online needing your services after they come home from dinner at night and are in an accident. They never see your ad and thus never call you. Saul Goodman gets the call instead and settles a multi-million dollar PI case.
Also, as your PPC guy.. I can't come back to you with insights like, "Hey, it looks like you make the most revenue Tuesday nights from 6pm to 11pm". Why? Because you don't have that data for me to find, your ads shut off most days at noon because you can not afford a better budget for Adwords.
If your budget is so low that you set your CPC's low to try to squeeze more out of the budget, you are also hurting this whole process. Any data I get will only reflect the low end of the spectrum for Adwords. Because your average position is now 4th-5th, your ad really is showing at 8th or 9th a lot of times, and maybe sometimes it shows in 2nd and 3rd. Again it's an average, but lets assume because of this low average that your higher ranked competitors get the lion's share of clicks and leads. You get barely any leads yourself, and most days you might get 0.
After a while, you are left with keywords that don't get clicks or at least a very horrible CTR overall. Maybe you get a few leads, but nothing compared to your competitors. When you look at how much it costs to get those leads, the numbers just aren't profitable.
Well, that's because you got the left over leads that either couldn't reach your competitors or couldn't afford them. Maybe you got people who were also "researching" the bottom of the page just to make sure they can validate their top choice they already made up in their mind, your competitor that is sitting above you.
No matter the reason, you are going to look at this data and assume, "well Adwords sucks" or "the guy I hire sucks". In reality, your data and experience is reflective of your low budget. The data you gleam off this tells you to pause several keywords and ads because "they waste money" and in a fit you decide after pausing them you need to pour in your last $3k into outbidding your competitors for a hail Mary pass.
After 14 days, the money is spent and you get even worse performance.
Why?
Maybe because those keywords and ads you paused because you thought they sucked, only sucked because you were at the bottom of the page. At the top of the page, they more than likely did well and would have made you money. You paused ads and keywords based on bad data and left runnign the ones with low spend. At the top of the page, these keywords spent more money but they were actually keywords and ads that just didn't have enough data prior to justify running them anyways.
No, the data wasn't wrong. You just interpreted the data wrong because it was dirty and only reflective of certain parameters.
This is why I advocate spending more the first couple of months so you can "buy good data".
In the prior example, you didn't go into the account with a "BUY data mindset".. and in buying data, you need to buy the right data within the correct parameters.
It's no different than if you bought a list of homes in your area to send direct mail to. Do you just buy any list, or do you niche it down and pre-qualify the list?
Any list could be addresses and names from anyone who lived in the area since 1967 and hasn't been updated since 1989.
A good data list would be a list of addresses and names that was updated in the last 12 months and only of homes that were valued at least $375,000+
Which is the better data to get you results?
Conclusion
I'm not saying you have to spend thousands more and go bankrupt to be successful with Adwords.
I'm also not saying you need to do this every single month to be successful.
However, if I was starting out fresh ( or already had an account and had bad/marginal results ), I would find a way to get the money to run 30-60 days worth being #1 or 2 all hours of the day for a full 30-60 days so I could jump start my account with the right data for optimization. Depending on volume, you might only have to do this for 1-2 weeks.
If not, you potentially will spend months floundering around and wasting that money anyways. Months spent floundering around could lead to you going bankrupt or closing down an advertising channel prematurely that could be sending you in buckets of profitable leads/sales.
Questions?
Sorry about the delay.
I pretty much always try to run Conversions. A conversion can pretty much be any event you want and since I'm driving traffic to a page for a reason, I want more and more of w/e event I am going after with my page.
I almost never run anything to get likes to a page. Most times those campaigns end up not getting me leads or sales. Leads and sales are all I am looking to get when I do paid ads on FB.
To build a page or group up, I wouldn't use paid ads for it. Not unless I had some viral giveaway attached to it. Only then would I ever do paid ads to a group or FB page.
For campaigns that seem to be getting good traction, I kill ads when they spend 2-3x more than their goal. So if I am trying to get leads or sales at $45 and the campaign started off getting sales at $60, I'd keep running and tweaking. Same is true up to about $130 or so. If the campaign started off badly though with no sales, I might let it get to about 5x with 0 sales before cutting it. The goal is to get conversions so you can tweak down. For some campaigns this will be hard to do though... so say your goal is $5 a lead/sale. That's going to be really tough on Facebook to only let it run for $15 or $20 and give up, so for something like this I might let it run for $100-$200, or even 100 clicks and see the stats on landing page views, etc.
For creating ads quickly.. if you are just wanting to change out images ( one of the most important things about the ad ) you can do that easily within FB itself with the duplicate button. This is where I focus a lot of my time with ad creation. The text around the ad is important too, but I try to nail the image down first, then work on text, then button ( shop now, etc ). Once I have some good images, I work on maybe 5-10 version of the text which isnt hard to get into FB manually.
Could low budgets on FB (ex. $10/day) be the reason holding people back from generating sales?Anyone got any questions out there yet?
I'm wanting to prep for my presentation at the event in Feb. Your questions here could help me prep out there
Wow!!!
This is a really fantastic thread.
The many nuggets shared on page 1 and subsequent pages are simply golden.
@eliquid , thanks for sharing all this.
Found myself invariably clicking "Like" on virtually all your posts on page 1.
Definitely looking forward to connecting with, and learning more from you.
Is your eBook on PPC ads out?
Oh OK.I havent finished it.
So many things have changed for me, that I had to put it on hold
eliquid said:With that information, there are no keywords you are going to be bidding on. You are also going to put a lot more effort into your ad, especially the image, to "interrupt" what the user is currently doing to get their eyeballs on your message.
When testing ages, do it in groups of 5 years. You shouldn't be making ads where you target men and women both in the same ad. You also shouldn't be selecting ages where it's 21-60. Build in groups of 5 years for age. One ad can be males 18-23 and another can be males 24-29. Same with women too. If you don't do this, you will never be really able to tell who is converting poorly or well for you.
If you know you have a solid ad and message, go for CPM bidding. Facebook knows they will make gar. money here and give you all the traffic they can.
Oh ffs... The new interface sucks.Adwords is pushing the new GUI perm. on you July 10th.
If you are like me and still using the old interface, say bye-bye to that soon.
Thank you for sharing helpful info1. I wouldn't wait. Start building up the remarketing list now and getting pixels seasoned.
2. You want your ad to promise something, and your LP to deliver on that promise. If you have a yellow ad with a pic of a dog, your LP better be the same message.
3. Just because you have 40 ads, doesn't mean they will all spend money or be unprofitable. Unless you test 40 ads, you won't know what the best ad is to even run.
4. Many things in the FB ad tool/editor have changed since I originally wrote this. It is now best to just set it to optimize for conversions.
5. Mobile seems to work out a tad better, but that's for me and my clients/products.
6. I think that's too little. A lot of people start out with $5 a day, but I still think that's too little. If it were me and I was strapped for cash, I wouldn't do less than $15 a day bare min. $100 a day would be better though.
.
Thanks for following up eliquid.
I approached the sites and offered to pay them based on CPM to place my PIXEL on their site.
Yeah, a pixel.
No ads cluttering up their site, no competitor telling me no, and no split testing to find a CTA.
I simply told them I would pay them $2 per 1,000 impressions that my pixel triggered from their site. My pixel was just a piece of Javascript that sat on their page just like any ol Google Analytics pixel would.
Uh?
This wasn't just any pixel, it was a remarketing pixel.
Thanks @eliquid. Personally, I wouldn't bother with certifications. Learn enough to get started, then keep a lid on spend and learn by managing live campaigns. Managing live campaigns is the only real way to learn.You should try @Andy Black course. I don't have the link handy, maybe Andy can post in here?
If for some reason you can not do that, I would try to get certified for what you want to learn as the next best option. If you want to do Facebook, get Facebook Blueprint certified. If Google Ads, get Google Ads certified.
The training is free from both, but not the best.
I would go with Andy's course instead.
I take on select clients at times.Just finished reading the thread, amazing job.
Thank you very much!
Are you still taking clients?
man you are an OG around here now. Good to see you still here.You should try @Andy Black course. I don't have the link handy, maybe Andy can post in here?
If for some reason you can not do that, I would try to get certified for what you want to learn as the next best option. If you want to do Facebook, get Facebook Blueprint certified. If Google Ads, get Google Ads certified.
The training is free from both, but not the best.
I would go with Andy's course instead.
Hey @eliquid thanks for the thread. I got some questions. I just launched our first FB ads campaign two days ago. I did 1 campaign, 3 ad sets, and 3 ads per ad set. I did the same exact 3 ads, but to a different audience in each ad set. I set a $10 daily budget and did campaign budget optimization.
Is that too low of a budget with 9 ads?
How do you like to go about setting a budget?
Can you recommend some benchmarks for CPC, CPM, CTR, frequency, cost per purchase, etc.? We sell clothes
How long do you let the ads run before making any changes?
Thanks man!
Thanks for your reply. Yeah I understand CPM is tied to engagement but like I said post the conversion rate of the lead form was 70% better than a comparable ad ran last year yet the CPM 12x higher!
Thanks for the writeup, just finished reading this beastAnyone interested in any updates to this?
Just curious if anyone is reading or would like to know more.
Whew, so what about Facebook?
Glad you asked.
The process for Facebook isn't much different. The largest difference is that people on Facebook are not searching for your "it". They wanna see what their favorite celebrity had for dinner last night or what drama their ex is getting into tonight.
With that information, there are no keywords you are going to be bidding on. You are also going to put a lot more effort into your ad, especially the image, to "interrupt" what the user is currently doing to get their eyeballs on your message.
Facebook is more centered about demographics. You are going to be setting up campaigns based on geography, interests, education level, gender, age, and a whole slew of other options.
The most important thing to remember is that unlike Google and Bing/Yahoo, people are not looking for you or your product. Your ad image needs to grab attention and your ad text needs to bring home the bacon to get them to click.
With that said, Facebook can be some of the most profitable traffic that you can run in the right niches. Even 6 years ago, people were making 7 and 8 figures Net profit off Facebook traffic alone. They still do today...
On to some advanced Facebook stuff....
- Too many people pick 1 or 2 targeting options. Maybe they pick age and gender, maybe an interest. You should be hyper-targeting people using all the options possible. To find out more about hyper-targeting in general, read the next post below in the Retargeting section/post.
- When testing ages, do it in groups of 5 years. You shouldn't be making ads where you target men and women both in the same ad. You also shouldn't be selecting ages where it's 21-60. Build in groups of 5 years for age. One ad can be males 18-23 and another can be males 24-29. Same with women too. If you don't do this, you will never be really able to tell who is converting poorly or well for you.
- Don't pick all the ad placement options when making an ad. Make one version of the ad for Desktop Right Side, and one for Mobile Newsfeed, and one for Desktop Newsfeed, etc. Reason is the same as above for conversions. There are reports you can pull, but I like to see my ads split up to ensure I am getting the correct data looking at the dashboard instead of pulling a report each time I want to check in on it.
- If you know you have a solid ad and message, go for CPM bidding. Facebook knows they will make gar. money here and give you all the traffic they can.
- I almost always bid CPC to start and I always bid at least 20% more than the highest range price they suggest. This is because the pricing changes during the day as budgets get activated due to day-parting or decline due to spending up all the funds. If you bid more than 20% the highest suggested range, you will cover yourself for when the price floor increases later in the day or week.
- Power Editor within Facebook can give you more advertising options than what's available within the general user interface for ads. You need to learn to use this.
- Custom audiences are probably the most underused bidding option in Facebook and prob. the most underused in all of PPC. Learn to use it ( see below for remarketing ).
- A trick I learned is that if you make 1 ad and it goes live, it might do poorly. You can copy that ad exactly 10 more times, and 9 of them will also do poorly. However, the remaining ad might do exceptionally well and be profitable for you. I can't get into detail why this is, but if you have poor performing ads, it might not be your ad or message or demo targeting, it could just be Facebook being Facebook. I have losing campaigns that I went back and did nothing else but copy the ad exactly 100 times and pulled out big time winners from it by just doing this 1 weird trick.
- Most ( but not all ) ad reps are worthless at Facebook. Think the front line customer service at Walmart. That's pretty much most of the front line reps at Facebook. If you have a rep that seems to take days to get back to you or just doesn't seem to "get it", ask for another and don't be shy about it. Their managers above them are who you want to deal with. Also, they almost NEVER NEVER give out their phone number to you. If you happen to get one, consider yourself lucky. Mostly, it's email only for communication. I think this policy is changing somewhat though.
- People love checking Facebook while at work. Target your demo specifically for when they are at work. For most people this means 9am-5pm in their time zone. If your demo is ER nurses though, it very well might be at like 11pm on a Saturday night at the hospital. Know when your specific demo is online at Facebook.
- If your ad gets disapproved, sometimes you can resubmit it later and have it get approved. Facebook does have an automated bot that checks ads, but there are manual approvals still as well. Depending on where your ad fell and if there is a shift change can mean the difference in a denial and an approval sometimes. There is a slim chance of this, most of the approvals are bot checked, but it's worth a try sometimes.
- Did you know there are hidden demographic targeting options in Facebook? Even though I said most FB reps are useless, if you do have one you should ask them about these hidden options. I had unlocked some nice education and purchase options in my accounts that are not accessible in regular accounts. Yes, you have education and purchase behavior in yours too, but you don't have the ones I have.
If you guys need any help or direction on something not covered here I can always be reached via PM, but I can't say for sure I can help or will answer everyone as I normally have a flood of PMs and messages from everyone. Plus, I can't do a ton of work for free in your PMs and emails.
Try it out.
It might not work on an old ad, but it could.
Let me know how it goes though
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