I started my first facebook campaign yesterday morning (and its dating). Yousif from PKM recommended that I start with dating. I'm bidding CPC.
Today I became profitable; targeting a niche BTW. One offer I seem to be pulling off a 40% ROI with a demographic of like 200k of 30+ users. But the volume is killing me, bidding quite some above the suggested bid, and getting only like 20k imps a day. It seems demand must be high in that vertical, so I'm going to regularly split test images starting tomorrow to achieve a high CTR and hopefully that will not only increase my ROI but also give me more Imps/Clicks as facebook will be making more money that way. With this all said I have only like 30k Imps so judging a real steady conversion rate is hard. Overall I think if I achieve a good CTR not only will a get more monies, I'll also raise my ROI and I think hitting something like 60-80% isn't out of the question with more tweaking of my LP and Pics.
Another dating offer I'm running lower paying for 18+ users. This time I got a good demographic of 1M users and I'm running that at like a real shitty 9% ROI lol. But, I'm direct linking that shit, so tomorrow I'm going to set up a landingpage like I have for the above offer so hopefully that will skyrocket my conversion rate. But this one is giving plenty of Impressions with cheaper clicks so its pretty good (running like 0.47 EPC direct linking) so as long as I stay above that it should be good.
Overall, I'm kind of happy with facebook considering I'm profitable on my second day, but really shitty ROIs so I need to work on optimizing. Another thing, which I'm pretty sure includes all forms of social media, is banner blindness. I started with day with a CTR of over .1% now , the evening they're down to .08%. New picture time, try to get up to .2 But I think I'm going to hit my niche dating until its dead then move onto a new vertical with facebook (have one in mind already, should do well).
But anyways, good luck man. Hope this might kind of help.
EDIT: Another conversion while writing this. Which I forgot to mention. The day before I was struggling with 1 conversion LOL and then I'm like fuck this, and I went to watch TV at like 12 at night. Come back at like 2 AM, and bam got 3 conversions in 2 hours while I only got 1 the whole day. Obv, way to small to measure data accurately, but like the guy above said. Dayparting could be an interesting thing, as it seems people wanna shag more in the evenings/night.