Create a set of Lookalike Audiences to optimise your bids
30/11/2019
You can create a set of Lookalike Audiences to bid differently for audiences that you value differently.
The audiences that you create are non-overlapping, so you don't have to exclude other audiences that are more or less similar. In this example, three audiences are created:
- The most similar audience (0-1%)
- The second most similar audience (1-3%)
- The least similar audience (3-6%)
To create a set of Lookalike Audiences:
- Go to your Audiences.
- Click Create Audience > Lookalike Audience.
- Click Show advanced options.
- Choose a source and country for your audience.
- Choose the number of audiences that you want to create.
- Adjust the sliders to choose how similar you want your audiences to be to your source.
- Click Confirm.
Tips for getting the most out of your Lookalike Audiences
Once you've created a set of Lookalike Audiences using the advanced options, get the most out of them with this approach:
- Target the same ads to each of the Lookalike Audiences with initial bids.
- See how well the ads perform based on revenue per conversion or the lifetime value of the people in each audience.
- Modify your bids for each audience based on your findings (bid more for more valuable audiences and less for less valuable audiences).
Note: Generally, Lookalike Audiences that are more similar to their source audience are more valuable. However, this could vary based on quality of the source audience and nature of the target audience.
* Nguồn: Facebook