how to analyze facebook ad ads manager
How to Analyze Facebook Ad Results In Facebook Ads Managerwe talk a lot on this channel about all,of
Updated on Jan 21,2023
How to Analyze Facebook Ad Results In Facebook Ads Manager
we talk a lot on this channel about all,of the results we drive for our clients,using facebook ads but one common,problem that we hear a lot is that it's,either confusing,daunting or both to try to read facebook,as manager the question we get asked,often is how do you analyze your,facebook ad results so that's exactly,what i'm going to show you how to do in,this video,what's up everybody welcome back to the,channel i'm brandi with life marketing,the digital marketing agency with a,mission to help small businesses grow,before we get started please go ahead,and like this video for me subscribe to,the channel and hit that notification,bell so that you don't miss out on the,business growing videos we put out every,single week for today's video i'm going,to screen share and walk you through,facebook ads managers metrics and we'll,look at three major metrics to pay,attention to while we're walking through,how to analyze your facebook ad results,as a whole all right so let's start out,by understanding the layout of facebook,as manager metrics when you're looking,at ads manager it breaks down into the,campaign level the ad set level and the,ad level so you can view all of these,columns of metrics for any given level,this is helpful for comparing metrics,when you want to see how different,campaigns stack up against each other or,if you want to compare how different ad,sets aka audiences are performing etc so,the columns of metrics you're seeing on,my screen are likely the same ones,you'll see on yours because they are,facebook's default settings if you click,the drop down here you can see all the,different ways to filter your view of,metrics some of these metrics overlap,between filters but there are some,metrics that are not present on the,default setting but are present on,others and vice versa and beyond that,you can click customize columns to,unlock every metric as manager offers,but before we get ahead of ourselves i,want to start by looking at the top,three most important metrics cost per,result frequency and link ctr so,starting with cost per result this,metric will automatically be available,to view if you have your filter set to,default what the result is will vary,depending on what campaign you're,running if you're running an engagement,campaign it's going to be your cost per,engagement traffic campaign per link,click a conversion campaign will usually,be per purchase but a custom conversion,can track just about anything you want,for example the cost per result for a,custom conversion can be cost per thank,you pages because let's say you're,sending people to a landing page and you,want to track how many people fill out,the lead form and once they complete the,leave form it takes them to a thank you,page you can track how many people land,on that thank you page to track lead,conversions there facebook will,automatically select what the result is,in your cost per result based on the,campaign you choose i've stated in other,videos that the campaign you choose,optimizes around that goal and this is,just further proof of that but alright,so why is the cost per result metric one,of my top three important metrics to,focus on the reason is because if you're,happy with that number the rest of the,metrics won't matter so much oftentimes,if your campaign isn't performing well,meaning you're spending a lot of money,on it and not making much or anything,back we'll start troubleshooting things,like okay what's your frequency what are,your quality ranking scores etc but,ultimately even if your quality ranking,score is low for example i wouldn't go,out of my way to fix that if you're,still getting really good results at an,affordable profitable cost because it,doesn't matter if you're getting results,what matters is if you're getting,results at a sustainable level alright,so the second important metric to look,at is frequency but before we get into,that here is a quick message from,sherman hey we just helped a small,business make over 1.5 million dollars,through facebook advertising and after,managing millions of dollars in ad spend,for thousands of different small,businesses we have decided to give away,everything we learn to you in a special,program if you want to learn the,blueprint to success the best practices,from some of the fastest growing,companies in the world and all the,different tools you will need then sign,up for our social ads training program,today i'll put a link for that in the,description but back to the second,important metric even if your cost per,result is healthy frequency is still,something to keep your eye on and i'll,show you why in a second but to get to,frequency i'm going to change my column,metrics to delivery and then we'll see,the frequency metric facebook says it's,the average number of times each person,saw your ad so if your frequency is,higher than 1 it means the same people,are seeing your ad multiple times having,a high frequency can either be a good,thing or a bad thing depending on your,ad performance so if your cost per,result is healthy and profitable but,your frequency is eight does that mean,you should change everything to get your,frequency lower not necessarily don't,fix what's not broken you know what i,mean and changing your ads and or,audiences to lower your frequency you,run the risk of ruining what is working,about your current ad and audience,combination that are driving the good,results you've been getting the same,people seeing your ad 8 times isn't bad,if you're still generating great results,at a profitable cost at the same time,the same people seeing your ad 8 times,is bad if you're not generating great,results at a profitable cost that's why,we often look at frequency as a quick,troubleshooting metric if your ads,aren't performing well because it's a,quick fix but what i would advise if,your frequency is high but you're happy,with your cost per result is to leave,things as they are for now but to go,ahead and have some backup audiences and,ads ready to test out in the event that,your results do start slowing down if,your budget is big enough i'd more so,suggest already having those audiences,and ads running in another ad set and an,a b split test but essentially if you,have a good thing going with your,facebook campaigns you don't want to,change it solely to fix a metric that,isn't as important as the one directly,related to your profit like cost per,result now before we move on it's,important to note that everything we've,talked about with frequency so far is in,the event of cold audiences which are,people who have never heard of your,brand or business before you should,expect your frequency to be higher for,warmer audiences like a retargeting,audience these are people who have heard,of your brand before such as your,website traffic your facebook post,engagement etc and you're intentionally,showing ads to them again to get them to,convert you should see a higher,frequency on those campaigns because,that's the point of them alright and,moving on to the third important metric,link ctr if your cost per result is too,high and your frequency is low so you,know that's not the issue we usually,look at link ctr next so i'm going to go,back to columns and change my view to,performance and clicks and you can see,it's showing link clicks cost per link,click and link ctr which means link,click through rate i keep specifying,link clicks and not just clicks because,some metrics will measure all clicks,which includes likes on the ads and,comments etc and in this instance we,specifically want to see out of all the,people who have seen the ad how many,people are actually clicking to the,website so your link ctr is the,percentage of times people saw your ad,and performed a link click now your link,ctr will vary depending on your business,industry and target audience but let me,show you how to think about these,metrics in general if your cost per,result is really high or non-existent,because you're not getting any sales and,you check your frequency and it's low,then you look at your ctr if your ctr is,low or your link clicks are low then,that means there's either something,wrong with the ad itself or the target,audience you're delivering it to meaning,either your ad isn't captivating enough,or addressing the right pain points or,goals of your target audience or it is,but you're showing it to the wrong,audience now if you are getting a lot of,link clicks but you're not getting,conversions that means your ad is doing,its job it's getting people's attention,and getting them to click to your site,but then something on your site is,deterring them from purchasing here are,a couple of things that could be going,wrong there number one your ad and your,website or whatever landing page you're,sending traffic to are not congruent,meaning the offer branding and verbiage,they see on the ad is not the same as,what they're seeing on the website the,ad sends them to number two your website,is bad now i know that's blunt and,subjective but here are a few examples,of what i mean it's poorly designed it's,not practical or in some cases fully,functional it doesn't give people a,clear cta of what to do or where to go,or maybe the loading time is so slow,people exit before it's even loaded all,the way which happens a lot if you're an,ecommerce store owner you can take this,a step further by looking at your add to,cart metric if you're seeing a high ctr,and lots of add to carts but not many,conversions the problem is probably in,your checkout process either something,is not working correctly or quickly,there or maybe you've got some high,shipping costs or long delivery times,that are deterring people from actually,clicking purchase i feel like i could,make a whole separate video on how to,troubleshoot your website so comment yes,to the website video if that's something,that you'd want to see from us but the,last thing that could possibly be the,issue here is not necessarily with your,website itself but with a lack of,retargeting only two percent of website,visitors actually convert on the first,visit to your site so if you're not,putting your ad in front of these people,again you're likely to lose up to 98 of,visitors who have abandoned your site,that's why you see statistics like this,one that says with retargeting you can,attract up to 98 of visitors who have,abandoned your site and once you do,retarget them and get them back to your,site website visitors who are retargeted,are more likely to convert by 43,so if you've looked at your frequency,your lynx ctr and your website and,you're still not finding the issue as to,where you're losing customers you may,need to look at your retargeting efforts,to see if that starts closing some more,sales for you all right so at this point,in the video hopefully you've learned a,few things but you may be thinking those,are just three metrics out of a,bajillion an ads manager what about the,rest of them and you're right there are,a ton so let's look at four more common,metrics you will see and actually use in,ads manager let's start with cpm which,is your cost per 1000 impressions you,can find this under the delivery column,filter along with the cost per 1000,people reached so remember the,difference between reach and impressions,is reach is individual people and,impressions are just the number of times,your ad was seen so if i saw your ad,five times your reach would be one and,your impressions would be 5. people like,to look at their cpm because for a lot,of the facebook campaign objectives you,are charged by impressions so as you go,down your list of things to troubleshoot,to figure out why your ads aren't,performing well you might find yourself,going back to the basics with your,impressions because this will tell you,if your ad is delivering at an expensive,cost to begin with there are a few,things that can affect your cpm so let's,go through some of them really quickly,number one if you're targeting a really,popular audience it can raise your cpm,birthdays are a great example of this so,many businesses love to target people by,their birthday month because you can,deliver ads that say here's a free,birthday sample on us just fill out your,name and email to receive it or what,have you and when everybody is targeting,the same audience it becomes an,expensive audience because you're all,bidding on the same people number two if,you saw my video on quality ranking,scores then you know that facebook,basically rates your ads based on how,people respond to them if people are,hiding your ads a lot or disliking them,facebook will recognize that and kind of,punish you for it it will take more,money from you than it did before to,continue delivering ads to the same,number of people at the same rate so if,your cpm is high try testing out some,new audiences and new ads alright,another common metric to look at is your,roas which is return on ad spend now,this is more specific to conversion,campaigns and businesses that are,selling online products you'll need to,go to customize columns and type in roas,and select that option and click the,blue apply button to see this metric in,your campaigns this is the total return,on ad spend from purchases this is based,on information received from one or more,of your connected facebook business,tools and attributed to your ads so,you'll need to have your facebook,tracking pixel set up correctly you'll,be able to see how much you made in,revenue from the purchases that,originated from your facebook ads this,is another metric that helps you see,whether the results you're receiving are,profitable or not facebook automatically,calculates this number for you but to,help you understand better it's the,revenue generated from your ads divided,by your total ad spend so it's a,multiple if your roas is 10 that means,you're getting 10 dollars back for every,one dollar you invest in ads or 10 times,your investment i wanted to give you the,formula because it's important to,remember that facebook is calculating,this based on your ad spend on that one,campaign it's not taking into account,the money spent in labor on your,marketing employee or for the graphic,designer you paid to make the ads etc so,if you want to get an even more accurate,idea of your roas you now have that,formula in your toolbox but in addition,to your cost per result which was one of,the most important metrics we discussed,at the beginning of the video your roas,is just another indicator to confirm if,your ads are still leaving you,profitable or are you losing money on,acquiring these purchases alright the,last two metrics i want to look at with,you are part of the breakdown feature in,ads manager so for the first one i want,to look at placement you'll come over,here and click the three dots then click,by delivery then placement this will,break down your campaigns by platform,and placement giving you a clear look,into which placements are delivering the,most results for you at the lowest cost,so if you can see that all of your,results are coming from facebook feeds,and none from instagram stories you,might consider removing the story's,placement to save yourself wasted ad,spend and the same thing goes for the,last metric we're going to look at,country again you'll click the three,dots then click by delivery then country,now we're only running as in the us but,if you're running as in multiple,countries the same principle applies,here where you can determine which,country is driving the most results and,which is driving the least and make,informed decisions from there and as you,saw on my screen there are tons of,different breakdown options to choose,from placement and country are just the,two most relevant that i usually see for,our clients but you can break your,campaigns down by any metric that is,relevant to you to allocate your budget,appropriately all right so total we've,looked at seven metrics today the three,most important and then four more common,helpful metrics that's still only seven,out of what did we say a bajillion right,the thing is you don't want to get,overwhelmed by all the metrics there are,to look at and you also don't want to,get caught up focusing on metrics that,don't really matter as much so i would,advise you start with these seven and,then if there is still a metric you feel,like you need to look into you can,always go back to customize columns and,type it into the search bar to see if,facebook offers it once you kind of get,in a rhythm with the main metrics you,want to compare every day you can also,click the columns drop-down and click,set as default to create your own custom,default settings of the metrics you want,to always see when you log into ads,manager is there a metric you were,hoping i would go over today that i,didn't if so let me know down in the,comments so i can help you out with it,otherwise the last thing i want to leave,you with is this ultimately analyzing,your facebook ad results should be,geared towards lowering your cost per,result and maximizing your roas so when,you start to feel lost or again,overwhelmed by all of the analytics,inside facebook ads manager just start,looking at your campaigns in the form of,yes no questions like is my cost per,result too high yes or no if yes then,ask yourself if the frequency is too,high and so on until you find the issue,breaking it down like that is not only,effective but also helpful for small,business owners trying to make sense of,facebook ad results alright that's all i,have for you today guys don't forget to,like this video subscribe to the channel,hit the notification bell and i will see,you in the next episode
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