NEW Facebook Ads

I've ran about 30 ads and the highest I've seen is .5 and that was only for 2 of them. CPC was still around .27. They all averaged .2-.3 like everyone said (strange)...
 


When Facebook says to you a suggested bid for example is

Suggested bid: US$0.48 - 0.64

If you bid .25 cents they aren't going to show the ad enough to determine if you have a decent CTR?

So if you bid .50 cents, they are gonna dump a whole whack of impressions and if the CTR is good you're hit with .50 cents per click, burning through your budget like wildfire..

Seems like a really wonky system and place to test anything.
 
When Facebook says to you a suggested bid for example is

Suggested bid: US$0.48 - 0.64

If you bid .25 cents they aren't going to show the ad enough to determine if you have a decent CTR?

So if you bid .50 cents, they are gonna dump a whole whack of impressions and if the CTR is good you're hit with .50 cents per click, burning through your budget like wildfire..

Seems like a really wonky system and place to test anything.
If your CTR is good you're not hit with 50 cent clicks.

Either you've never advertised with Facebook or your CTR wasn't good.
 
Ignore the initial bid suggestions. I start mine at 0.3-0.31 and always get the initial burst to determine my ctr. If it's >0.1, tweak it, or else ditch it.
 
Ignore the initial bid suggestions. I start mine at 0.3-0.31 and always get the initial burst to determine my ctr. If it's >0.1, tweak it, or else ditch it.

OK
Thanks for the tip.
So if the intial burst gets nothing, do you resubmit or what?
 
yeah it took 65 clicks to get 1 mother fucker to enter a ZIP code.... a ZIP code!!

And the ad flat out told them to just enter their zip to get the free shit.


You sure the payout is on the first page zip submit?

There are several offers around just now (eg gift cards) that have a zip on the first page, but the payout is actually when they fill out the short form on the second page. I thought it was a first page submit when I first saw the landing page.

Mind you, the one I am running is still converting better than one in 65 (about 1 in 15), and the payout is twice a regular zip submit, so its not too bad.
 
When Facebook says to you a suggested bid for example is

Suggested bid: US$0.48 - 0.64

If you bid .25 cents they aren't going to show the ad enough to determine if you have a decent CTR?

So if you bid .50 cents, they are gonna dump a whole whack of impressions and if the CTR is good you're hit with .50 cents per click, burning through your budget like wildfire..

Seems like a really wonky system and place to test anything.

Not always true,

I've had suggested bids between .30 and .48 cents and I bid a max CPC of .18 cents and everything worked out just fine with me, except for the fact that my average CPC basically stood at .15 cents per clicks (Still more then profitable) but if I raised it originally I could have easily gotten .05 to .10 cent clicks.