Listen on:
Apple Podcasts
Google Podcasts
Podbean App
Spotify
Amazon Music
Tunein + Alexa
iHeartRadio
Player FM
Listen Notes
Transcript
Blake Beus 0:00 Okay, we are live. Greg, I want to start off first and foremost, asking you about you. You said you had some some, some feedback, some results based on what we talked about, in our last episode about success signals, soft signals. I can't remember all of them. But
Greg Marshall 0:18 well, basically, it was an idea of remember, and I'm gonna make sure I give them credit. Depeche. Yes. And I don't know how to say his last name correctly, man, Dahlia
Blake Beus 0:26 maendeleo. I think I think that's what it is. Yeah.
Greg Marshall 0:29 But basically, he was talking about a concept that I've thought of before and have tried and had success with. But everywhere you go, and look, you're told to not do right, which is, if you're not getting enough conversion events, which Facebook says you need to get 50 or more, then in a week, in a week. They, they're maybe you should optimize for the next highest step that's closest to what you want. And in a lot of cases, you know, the Facebook, you know, gurus or experts will say, Never optimize for those, because that's just poor quality traffic. But in my experience, I've never had that really happen. It's more so of it seems to give me better results when I'm optimizing for softer conversions if I'm not getting enough of like, let's say the purchase version in that week.
Blake Beus 1:22 Yeah. Well, and we even talked about optimizing simultaneously. Yes. For softer conversion, yes. The the the purchase conversion, the add to cart conversion, and the view cart conversion, at the same time with different campaigns.
Greg Marshall 1:38 Yep. And one of the campaigns the the account that I'm utilizing it on right now, in fact, that day that we implemented it, they actually did end up getting, what is it, we spent 50 and got $200 back, and I optimized for each event, the day that we implement it, which was kind of interesting, because then two days later, they almost repeated not to $200, they got to about like 170, or whatever, when previously on that particular like product that they're trying to push, we're spending 40 $50 a day and getting virtually I mean, just maybe a couple add to carts here and there, and no sales,
Blake Beus 2:18 really, so a huge increase in ROI from zero to 200. Correct. And I'm assuming you're only spending $50 a day because you're testing strategies to before you ramp it up.
Greg Marshall 2:29 Correct? Correct. So obviously, we don't want to go there, you know, dropping three, four hours a day on unproven right, you know, tests, right. And so then the another account that I've launched is with, they also so they stopped advertising for like about a month, which we all know, when you do that. It's almost like you have to like revamp your ad account. So what we did was we optimize for add to cart, and now simultaneously optimizing for purchase. Now previously, we launched a campaign just for purchase, and was getting $90 cost per purchase, whatever very expensive for the for the product, because it's the, the average order value is only 35. Okay, so
Blake Beus 3:12 now I need to look at cost per purchase is not is terrible, that's not sustainable.
Greg Marshall 3:17 So what we did was then I used the method of RM optimize for add to cart and then I'm going to go ahead and simultaneously once we get enough Add to Cart, duplicate the ad set, keep both of them running side by side and optimize the next one for purchase. And lo and behold, that day we got a $20 cost per purchase, the very day that we launched those simultaneous account wide, right? Because account why? Because Facebook's not going to give you this blended cost per purchase or if you're running multiple campaigns, correct. They're only going to give you a cost per purchase on each campaign. Correct? Correct. And so basica