Brighton Summary - October 2024

META's Advantage+ Shopping Campaigns

Key Takeaways

  1. Introduction to Advantage+ Shopping Campaigns (A+SC or ASC):

    • Launched in BETA in August 2022
    • Uses machine learning to dynamically serve ads to audiences most likely to convert
    • Allocates budget efficiently across different audience segments
  2. Benefits of META A+SC:

    • Combines retargeting and prospecting in one approach
    • AI helps uncover new potential audiences
    • Easy to set up and manage
    • Allows importing of high-converting ads from other campaigns
    • Constantly evolving with new features and functionality
  3. Case Studies:

    • Boots Christmas Campaign: 10% decrease in CPA, 7% increase in ROAS
    • Carlow Awareness Campaign: 1.7x more orders, 4.3% decrease in CPA
    • Smol Increasing Sales Campaign: 51% lower CPA, 2x more orders
  4. Best Practices:

    • Keep audience lists up to date (Engaged Audiences and Existing Customers)
    • Optimize towards different events, not just purchases
    • Test different performance goals (set realistic minimum ROAS)
    • Use both browser events and Conversions API for tracking
    • Utilize Audience Controls to limit reach
    • Manage Placements at the account level
    • Add budget caps for existing customers to focus on new acquisitions
    • Test various ad creatives (up to 150 per campaign)
    • Use unique frames for carousel ads and experiment with price overlays
    • Monitor performance for new vs. existing customers

Action Items

  1. Implement A+SC:

    • If available, start testing META Advantage+ Shopping Campaigns
  2. Audience Management:

    • Update and segment audience lists regularly
    • Create separate lists for engaged non-purchasers and existing customers
  3. Optimization Strategies:

    • Experiment with different optimization events beyond just purchases
    • Test various performance goals, ensuring realistic minimum ROAS
  4. Tracking Setup:

    • Implement comprehensive tracking using both browser events and Conversions API
  5. Campaign Controls:

    • Use Audience Controls to refine targeting
    • Set up account-level placement management
    • Consider adding budget caps for existing customer segments
  6. Creative Testing:

    • Develop a variety of ad creatives (static images, videos, carousels, catalog ads)
    • Design unique frames for carousel ads
    • Experiment with different price overlay styles and positions
  7. Performance Monitoring:

    • Regularly review performance metrics, especially comparing new vs. existing customers
    • Keep an eye on high-performing ads from other campaigns for potential import
  8. Stay Updated:

    • Given the BETA status, stay informed about new features and best practices

Remember: META's Advantage+ Shopping Campaigns offer a powerful, AI-driven approach to e-commerce advertising. Regular testing, optimization, and staying current with new features will be key to maximizing performance.

For more information:

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  • Contact: 020 8123 0290, info@biddablemoments.com