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What do you do if your daily budget reached? (12)

08-20-2013 11:48 PM #1 mrnhat1809 (Member)
What do you do if your daily budget reached?

Hey
I'm wondering what should I do now, i set daily budget $5 for test campaign and i see its performance good. Now it almost reached $5 (4.98) but its at 5pm. I want to raise it but i heard that i should do at very beginning of the day. So what should i do now? please share your experience. Thank you

08-21-2013 12:29 AM #2 zeno (Administrator)

If I was you I would just wait for tomorrow and raise the budget then. It's a $5 spend... not worth compromising ad performance. Up budgets to $20, $50 each day and see if performance holds. With the way FB works now it's silly to put your faith in scaling from $5/day to $500/day overnight.

08-21-2013 01:44 AM #3 stackman (Administrator)

Just a heads up, for any offer that currently exists $5 is too low of a daily budget to see any accurate results.

08-21-2013 03:29 AM #4 mrnhat1809 (Member)

i follow strategy is that bid high low budget and i think 5$ is good start. Anyway i'll try start campaign at 10$ minimum

08-21-2013 03:38 AM #5 maynzie (Moderator)

Even $10 minimum is gonna do nothing man, your results wont be significant. You need to run $100/day budgets in order to get any idea that your camp can go anywhere.

Or are you just trying to obtain high CTR's then you're going to up your budget when your CPC drops?

08-21-2013 05:40 AM #6 zeno (Administrator)

I think with FB you often need to start with low budgets, let ads stick and then ramp up budget to those, from which you then get the data you need to assess whether a campaign can work. I think of it as just a way of gaming the platform that comes prior to your normal procedures. You could start with high budgets if you want, but you're undoubtedly going to fork over a lot more $ for the data vs starting small and growing what FB wants to let grow.

08-21-2013 02:55 PM #7 mrnhat1809 (Member)

Quote Originally Posted by maynzie View Post
Even $10 minimum is gonna do nothing man, your results wont be significant. You need to run $100/day budgets in order to get any idea that your camp can go anywhere.

Or are you just trying to obtain high CTR's then you're going to up your budget when your CPC drops?
Yes, 10$ daily is just to obtain CTR then if its good i'll increase budget gradually

08-21-2013 02:59 PM #8 groomez (Veteran Member)

Quote Originally Posted by mrnhat1809 View Post
Yes, 10$ daily is just to obtain CTR then if its good i'll increase budget gradually
yeah but on how many ads? if you run 10$ over 20 ads lets say one ad might have an awesome .8 ctr but with only 521 impressions (for example). That's not statistically significant. No matter how much your budget is, you need enough impressions to gauge whether or not that audience is going to respond to the ad.

08-21-2013 03:26 PM #9 mrnhat1809 (Member)

Quote Originally Posted by groomez View Post
yeah but on how many ads? if you run 10$ over 20 ads lets say one ad might have an awesome .8 ctr but with only 521 impressions (for example). That's not statistically significant. No matter how much your budget is, you need enough impressions to gauge whether or not that audience is going to respond to the ad.
I usually run 5-7 ads to test out, and each one need atleast 10k impressions before any decision

08-24-2013 12:03 AM #10 hd2010 (Member)

$10 over lesser ads ? let say 5 ads ?

08-24-2013 11:26 AM #11 mrnhat1809 (Member)

Quote Originally Posted by hd2010 View Post
$10 over lesser ads ? let say 5 ads ?
10$ per ad

09-11-2013 05:52 AM #12 hm81 (Member)

you should know different days your campaign can perform differently. if your breaking even, i suggest waiting till the weekend, that is typically when my ads do better.

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