How to Set Cost Cap For Your Campaigns.<\/figcaption><\/figure>\nFacebook will try and get you conversions within or lower than your cost-cap.<\/p>\n
A few tips to know about cost-cap:<\/p>\n
You need to have conversion tracking enabled and a value defined for conversions. This value is the monetary benefit for your business when you get a new lead from Facebook.<\/p>\n
To successfully implement a cost-cap, your campaigns need to have enough conversions generated. In other words, it\u2019s not recommended to enable this feature on new campaigns.<\/p>\n
Run your campaigns without cost-cap and once you have enough data on how much a conversion costs, you can enable it.<\/p>\n
Facebook will make a recommendation as to what cost-cap value to use. If this number is above your acceptable levels, don\u2019t enable this feature and instead use one of the other bidding strategies available (Highest value or lower cost, or bid cap).<\/p>\n
Conclusion<\/h2>\n
Marketing on Facebook is essential for service-based businesses. With the right strategy, you can find and target the right audience with different kinds of campaigns and ads.<\/p>\n
The first step is to establish your business presence on Facebook and optimize your business page. The next step is to define your target audience and what you want to achieve with Facebook Ads.<\/p>\n
Once you have this ready, you can then perform some technical tasks like enabling conversion tracking and creating custom audiences.<\/p>\n
Next, you can start testing different kinds of ads to find out what works best for your audience and gradually scale up your Facebook campaigns.<\/p>\n
The bottom line is that Facebook is a great digital channel for professional service providers and the medium to reach new audiences to present your brand and offerings.<\/p>\n","protected":false},"excerpt":{"rendered":"
One of the best ways to raise brand awareness and get clients for your service-based business is through Facebook ads. Through a well-designed Facebook campaign, you can position your brand in front of the right audience and generate leads for your business. In this post, you\u2019ll learn 7 effective Facebook advertising tips you can use […]<\/p>\n","protected":false},"author":2,"featured_media":30081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","mc4wp_mailchimp_campaign":[]},"categories":[493],"tags":[743,371],"_links":{"self":[{"href":"https:\/\/www.reliablesoft.net\/wp-json\/wp\/v2\/posts\/30080"}],"collection":[{"href":"https:\/\/www.reliablesoft.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.reliablesoft.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.reliablesoft.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reliablesoft.net\/wp-json\/wp\/v2\/comments?post=30080"}],"version-history":[{"count":12,"href":"https:\/\/www.reliablesoft.net\/wp-json\/wp\/v2\/posts\/30080\/revisions"}],"predecessor-version":[{"id":34054,"href":"https:\/\/www.reliablesoft.net\/wp-json\/wp\/v2\/posts\/30080\/revisions\/34054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.reliablesoft.net\/wp-json\/wp\/v2\/media\/30081"}],"wp:attachment":[{"href":"https:\/\/www.reliablesoft.net\/wp-json\/wp\/v2\/media?parent=30080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.reliablesoft.net\/wp-json\/wp\/v2\/categories?post=30080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.reliablesoft.net\/wp-json\/wp\/v2\/tags?post=30080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}