Should I Use The Cost Per Click Metric When Budgeting For Facebook Ads
The Art of Online Business
Kwadwo [QUĀY.jo] Sampany-Kessie
4.8 • 828 Ratings
🗓️ 17 May 2024
⏱️ 9 minutes
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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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