Hello, So I setup a campaign to rent a desk at my web agency. No one's using the desk, so we figured we could rent it out to someone in the area. So I setup a Facebook CPC campaign to a very specific target audience: • Location: Within 25 miles radius of my location • Behaviours: Small business owners • Age: 24 - 65+ • Desktop: News Feed or Right Column Results Day 1: Max Bid: $0.70 (suggested was between $0.56 - 0.86) Clicks: 2 Frequency: 3.48 Reach: 601 Results Day 2: Max Bid: $0.70 (suggested was between $0.56 - 0.86) Clicks: 4 Frequency: 2.95 Reach: 632 Results Day 3: Max Bid: $0.70 (suggested was between $0.56 - 0.86) Clicks: 0 Frequency: 2.51 Reach: 336 (decline begins) Results Day 4: Max Bid: $0.70 (suggested was between $0.56 - 0.86) Clicks: 0 Frequency: 2.36 Reach: 55 (huge decline) Results Day 5 (today): Max Bid: $0.70 (suggested was between $0.86–$1.77) ---> They doubled Clicks: 0 Frequency: 0 Reach: 0 So looking at this, Facebook's ad platform essentially said this to me: "Look buddy, you don't want to spend on a CPM model, so we'll force you to start to pay more for your CPC because your offer is so niche, that you'll waste our impression inventory and not even make us a penny -- pay up or we don't help you." It seems like no matter how you try to setup your offer to be advantageous for yourself, Facebook's ad platform forces you to pay up to get a chance to sell what you want to sell. In this case, would it be worth keeping the CPC model if they'll just keep on raising the price for me? Or should I switch to CPM and hope that I'll find a buyer before I run out of budget? The same problem is happening with Twitter. I setup a Lead Generation campaign, and due to the niche-like offer, we're not getting many signups. Twitter dropped our impression count from 347/day to less than 50 a day now. I wasn't interested to take a CPM model for this campaign, because I found that running it through a CPC model guarantees you a better chance that you'll spend only on individuals somewhat interested in the offer (and I'm building my retargeting lists in the same time as tracking pixels have been setup). In a CPM model, you technically just assign a budget for XYZ impressions, and hope for the best. P.S. I also have a Google AdWords + Search network campaign running which is hyper segmented (single keyword ad groups), so that's been taken care of. I wanted to give Facebook and Twitter a shot for this offer given that we can target quite nicely in those networks -- but it seems like they're not really keen on helping offers like ours flourish in their inventory just yet... Any thoughts from other professionals?
I don't think facebook or twitter are appropriate for what you are trying to do. You would be better served with a Backpage or Craigslist ad for the space. You really are looking for an insurance agent, or a someone probably in sales that works primarily by telephone and in the field but may occasionally need an office to meet clients . Facebook and twitter just do not have the target market for this. Backpage or craigslist is where your target market goes to look. In my opinion your just wasting money with facebook and twitter ads. You might even try running an as in your local newspaper for a few weeks .
Answered 9 years ago
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