Bidding Strategy- can veterans chip in? (7)
So I have begun making campaigns to stack that money!
I am able to get very good CTR of 0.4% or so and I bid high initially and get down to a CPC of like 10c. Avg suggested is like 4-7c.
Despite my CTR increasing, my CPC started climbing up to 14c (after a few days)
Now, When i try to cap the bid at around 15c or so, traffic slows down dramatically. So then I increased it back up and boom, CPC skyrocketed....
How do I bid on facebook? Its so confusing and messes with you!
Thanks
I've tested a lot of variations. So far, bidding high and just letting it be has been the most profitable for me. Every time I start messing around with my bids my camps turn into horrible, horrible monsters.
Search for facebook bidding and read every thread, especially posts by zeno...
Go with what Fabian says. Bid high and don't touch it.
Why's your CPC still high then? Supply and demand. Other guys have higher CTR's and bids than you, and your CPC is going upwards as a result.
Keep in mind that a "high CTR" is relative to your competition.
Don't worry about bidding strategies, instead spend that time on getting a higher and higher CTR.
Gold advice there from Ngo.
Leave the bid at 0.90 and never touch it. Otherwise you may not much volume. Facebook will reward you with a lower cpc automatically as your ctr gets better
Thanks guys.
I also want to ask something else, What is the safest way to increase my budget without the CPC jumping up (when leaving at 90c/$1)??
I've tested to different ways to do this:
1) Increase about 15 to 30 % of your budget daily. Tends to keep cpc under control but is a fucking slow process.
2) Just go all in and see if it holds. Most of the time it won't but when it does... $$$ 
Hope it helps.
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