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The Art of Online Business

Should I Use The Cost Per Click Metric When Budgeting For Facebook Ads

The Art of Online Business

Kwadwo [QUĀY.jo] Sampany-Kessie

Team Building, Online Business, Outsourcing, Marketing, Facebook Ads, Business Scaling, Business, Online Marketing, Productivity, Evergreen Sales Funnels, Podcasting, Youtube, Entrepreneurship, Social Media

4.8828 Ratings

🗓️ 17 May 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

I break down why cost per result matters more than cost per click when budgeting for Facebook ads, especially for course creators like you. You'll learn how to figure out what cost per acquisition your business can handle to hit your profit and revenue goals, and share a few tweaks to optimize your funnels and ad copy for better performance in your next launch. ‍‍ ‍‍ ‍‍ Cut your lead gen costs in HALF with my $37 mini-course–NOW only $17!Visit The Art of Online Business website f...

Transcript

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0:00.0

In this episode, we're going to talk about should you be using the cost-per-click metric

0:05.0

when budgeting for Facebook ads? And I'll tell you the answer of what I personally use in a moment,

0:13.0

but first I want to give context to this little chat. I'm speaking to you if you're a course creator and a membership owner. I very clearly do not usually address, no, I don't actually address,

0:25.6

e-com business owners.

0:27.6

You have a website with like 20 or 30 products and you're using Facebook ads to drive traffic to those websites.

0:33.6

I'm not an expert in e-commerce at all.

0:35.6

I am an expert in online courses. I've been

0:39.3

coaching, as in consulting, online course creators, sales, marketing, funnels, how to build out a team

0:47.0

so you can reduce your overwhelm and increase your impact while growing your profit, memberships,

0:53.1

and of obviously Facebook ads now for over three years.

0:56.7

But that skill set, that Facebook ad skill set, is very different from an e-commerce Facebook ads skill set.

1:03.3

Just wanted to clarify that because I have been getting some requests to manage ads for people who basically have an e-commerce setup. Again, I'm not talking about

1:13.4

what we would describe as D-commerce, digital e-commerce where you have, say, a bundle of three things

1:20.5

that you're selling and you're sending traffic to that. That's different. That's okay. I can help you.

1:26.0

My advice and strategies apply to you, but if you got a 20 product store, that's okay I can I can help you my advice and strategies apply to you but

1:28.1

if you got a 20 product store that's a whole different that's a whole

1:32.2

different ads game friend all right so cost per click or cost per result I

1:40.7

like to look at cost per result when I'm budgeting for Facebook ads for myself and for clients.

1:47.0

But there's an even more important question that you want to be asking yourself when budgeting, let's say for an upcoming launch.

1:55.0

And that question is, is what kind of cost per acquisition?

2:00.0

I say cost per acquisition because you could have

2:02.8

a freelance or a pay launch, right?

...

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