#1 TikTok Ads Spy Tool

A Better Way to Make TikTok Ads Dropshipping & TikTok For Business

  • Find TikTok winning products & TikTok dropshipping ads.
  • Analyze TikTok advertisers
  • Get the Latest TikTok Shop Data.
Try It Free

Revolutionary Facebook Ads Update, Revealed!

Published on: November 17 2023 by Ole Strand

Revolutionary Facebook Ads Update, Revealed!

Table of Contents

  1. Introduction
  2. The Positive Update on Facebook Ads
  3. Overview of Advantage Plus Shopping Campaign
  4. Benefits of Using Advantage Plus Shopping Campaign
  5. The Power of Facebook's Algorithm
  6. Importance of Creative Testing in Facebook Ads
  7. The Value of Ad Copy, Creatives, and Images
  8. Forced Selection of Automatic Placements
  9. The Control Issue with Highest Volume Bid Strategy
  10. Introducing the Row Goal in Advantage Plus Shopping Campaign
  11. Setting Up the Advantage Plus Shopping Campaign
  12. Adjusting the Row Goal Based on Conversion Tracking Accuracy
  13. Understanding Facebook's Aim for Average ROI

The Positive Update on Facebook Ads

Facebook ads have been subject to a lot of negativity in recent months. However, there is finally some positive news to share. Facebook has introduced a new update to their ads platform that could be a game changer for advertisers. This update revolves around the Advantage Plus shopping campaign, which now prompts advertisers to use it when setting up a sales campaign.

Overview of Advantage Plus Shopping Campaign

The Advantage Plus shopping campaign offers several positives for advertisers. By default, it forces you to use only one ad set with broad targeting. This ensures that all your focus and budget are directed towards the ads themselves. Given that the value of Facebook ads lies in their creative elements, such as ad copy, images, and videos, this is a positive shift. The new campaign type also mandates automatic placements, removing the need for manual selection. This allows Facebook to place ads where it deems the highest probability of conversion.

Benefits of Using Advantage Plus Shopping Campaign

The Advantage Plus shopping campaign brings various advantages for businesses. By concentrating your efforts and budget on the ads, you can optimize creative testing and potentially unlock new possibilities. Additionally, automatic placements often yield the best results, as Facebook's algorithm is adept at identifying the most effective advertising channels. This campaign type streamlines the setup process by eliminating the need for manual placement selection.

The Power of Facebook's Algorithm

Facebook's algorithm is a powerhouse when it comes to optimizing ad targeting. By leveraging historic data, it can fine-tune audience selection and improve campaign outcomes. The Advantage Plus shopping campaign takes advantage of this powerful algorithm and forces advertisers to trust in its capabilities. While relinquishing control may seem daunting, it allows Facebook to make data-driven decisions that can lead to more conversions.

Importance of Creative Testing in Facebook Ads

Creativity plays a crucial role in the success of Facebook ads. The ad copy, visuals, carousels, and videos all contribute to the overall effectiveness of an ad campaign. With the Advantage Plus shopping campaign, advertisers are encouraged to invest more in creative testing. By focusing on honing the creative elements, you can tap into the full potential of Facebook ads and increase the chances of achieving remarkable results.

The Value of Ad Copy, Creatives, and Images

Ad copy, creatives, and images are key components of a successful Facebook ad. These elements can attract attention and engage users, ultimately driving conversions. With the Advantage Plus shopping campaign, businesses are compelled to prioritize the quality and effectiveness of their creatives. By putting emphasis on the creative aspects, you can enhance the overall performance of your ads and maximize their impact.

Forced Selection of Automatic Placements

One of the notable aspects of the Advantage Plus shopping campaign is the forced selection of automatic placements. Advertisers no longer have the option to manually select specific placements for their ads. While this may initially seem limiting, it actually streamlines the setup process and removes unnecessary decision-making. Automatic placements often yield the best results, as Facebook's algorithm identifies the most suitable channels for each ad.

The Control Issue with Highest Volume Bid Strategy

Previously, the default and only bid strategy available for the Advantage Plus shopping campaign was the highest volume strategy. This meant that Facebook would spend the entire campaign budget, regardless of its profitability. For advertisers focused on maintaining control over profitability, this was a major drawback. Having the ability to control costs and set bids based on specific goals is essential for effective campaign management.

Introducing the Row Goal in Advantage Plus Shopping Campaign

In response to feedback from advertisers, Facebook has introduced a much-needed update to the Advantage Plus shopping campaign. Advertisers can now set a row (return on ad spend) goal for their campaigns. This enables businesses to define a specific target for their advertising activities and align their efforts accordingly. The row goal empowers advertisers by allowing more control over the profitability of their campaigns.

Setting Up the Advantage Plus Shopping Campaign

To set up the Advantage Plus shopping campaign, navigate to the ad account's settings. Create a new campaign and select the sales objective. Facebook will prompt you to choose the Advantage Plus shopping campaign. During setup, specify the conversion location and switch the performance goal to maximize the value of conversions. This signifies your preference for higher-value conversions rather than sheer volume.

Adjusting the Row Goal Based on Conversion Tracking Accuracy

Efficient conversion tracking is crucial for accurate campaign performance assessment. If your ad tracking system fails to account for all conversions, it could lead to discrepancies between reported and actual results. Facebook's estimation algorithms may credit more sales than what is recorded on the back end. To address this, adjust the row goal based on the percentage of untracked sales. This ensures that your campaign remains optimized, even if tracking accuracy varies.

Understanding Facebook's Aim for Average ROI

Once you have set the row goal in the Advantage Plus shopping campaign, Facebook's algorithm aims to maximize the purchase value while maintaining an average return on ad spend (ROAS) close to your goal. It is essential to keep in mind that results may fluctuate from day to day. Facebook's algorithm seeks to balance performance over a longer time horizon rather than focusing solely on daily targets. Therefore, it is important not to panic if your campaign doesn't hit its goals on a particular day.

Highlights

  • Facebook introduces a positive update for advertisers using Facebook ads.
  • The Advantage Plus shopping campaign prompts advertisers to focus on ads and creative elements.
  • The campaign mandates automatic placements, leveraging Facebook's algorithm for optimal targeting.
  • Advertisers gain control over profitability through the row goal feature in the campaign.
  • Adjusting the row goal ensures accurate tracking and optimization of campaign performance.
  • Facebook's algorithm seeks to maintain an average ROAS close to the advertiser's goal.

FAQs

Q: Can I manually select placements in the Advantage Plus shopping campaign? A: No, the campaign type forces advertisers to rely on automatic placements to leverage Facebook's targeting capabilities effectively.

Q: Why is creative testing important in Facebook ads? A: Creative testing helps advertisers identify the most effective ad copy, visuals, and formats, maximizing the impact and potential of their Facebook ads.

Q: How should advertisers adjust the row goal based on conversion tracking accuracy? A: If conversion tracking is incomplete, advertisers should analyze the percentage of untracked sales and adjust the row goal accordingly to ensure optimization.

Q: How does Facebook's algorithm aim to maintain an average ROAS? A: Facebook's algorithm seeks to optimize purchase value while aiming for an average return on ad spend close to the advertiser's specified goal over a longer time horizon.

Start your free trial today!

Try Pipiads free for trial, no credit card required. By entering your email,
You will be taken to the signup page.