Start by selecting your Campaign Objective, for more information regarding Campaign Objective visit the “Campaign Creation” Help Center article. By choosing your Campaign Objective, you have automatically opted into Bid Strategy. Selecting an “Awareness” or “Traffic” Campaign Objective will automatically optimize towards “clicks” within Bid Strategy. Selecting an “App Install” or “Conversions” Objective will automatically optimize towards “Conversions” within Bid Strategy.
What is Conversion Bid Strategy?
Semi Automatic will bring traffic to the highest converting sections while Fully Automatic will maximize the number of conversions within your budget. For more information about Semi Automatic CBS , click here. To see if Fully Automatic CBS is right for you, check out this Help Center article!
If no conversion is created, you will be given the option to create a conversion within the campaign set-up.
If no conversion pixel is implemented, the system will optimize based on prior network learnings. Although you no longer need to have a conversion set up to use Conversion Bid Strategy, it’s highly recommended to add at least one, but preferably two that are part of the same funnel. It is recommended to Include both lower funnel/hard (0.5%-2% CVR) and upper funnel/soft (10%-20% CVR) conversion types.
Note that conversion pixels with 40% CVR or more should not be selected for optimization, because there is nothing for Bid Strategy to optimize towards if most clicks result in a conversion.
You should then set your base CPC, which the system will use for the optimization of bidding according to the strategy that you chose.
The Conversions Bid Strategy will start working immediately. If you are looking to maximize conversions, we recommend to use Fully Automatic – learn more here.
How can I tell which campaigns are running on what optimization mode?
On the homepage, under “Campaigns” you will now see a column added for “Objective & Optimization” which shows what the Campaign Objectives are for each campaign and what they are optimizing towards.
Furthermore, within the CPC column, for those campaigns that are running on Fully automatic, it will show entered (ie, your base CPC) vs the optimized CPC, or the one that the algorithm is setting is using for bidding.
Important to Note:
- Consider removing your section-level CPC adjustments, since these override the system’s CPC auto-optimization in this bid strategy. The sections that have manual adjustments will not be included in the A/B reporting and may lead to a reporting discrepancy.
- Don’t have enough conversions yet? Setup Conversions Bid Strategy anyway! Even if you don’t have enough conversions now, your campaigns will just run using your base CPCs. Then once you do have enough conversions, the Bid Strategy will automatically kick in!
Once you have made all your bid strategy selections, don’t forget to click “Save.”