This is not rocket science. You just have to take time to experiment with different offers and monitor your click-through-rates (CTR) and conversion rates to see which offers are performing the best and making you the most money.
The click-through-rate is the number of clicks divided by the number of impressions. For example, if you run an ad that has 10,000 impressions and you receive 100 clicks on those impressions, the click-through-rate would be 1% (100/10,000= .01 or 1%). Facebook will measure your click-through-rate for you in the Ad Manager which makes it much easier.
More important is the conversion rate. The conversion rate is measured by the number of conversions (someone completes a purchase… and thus makes you money) divided by the number of ad clicks. For example, if your ad gets 100 clicks and you receive 5 conversions from those clicks, then the conversion rate would be 5% (5/100= .05 or 5%).
Once you find a good performing offer with a reasonable conversion rate, then you simply add more to your daily budget and you will make more money. Like I said, do not get discouraged easily. It may take some time to test and find the offer that converts well, but it is totally worth it once you do find it. I currently have been running an ad that makes me over $50 a day on a consistent basis; I have other ads that perform similar as well (I cannot tell which ads I am running because I do not want competition on my ads—but I will lead you in the right direction to find your golden ad). As long as you make more than you spend, then you are doing things right. Next you will learn where to find those valuable offers that pay you a commission.
The click-through-rate is the number of clicks divided by the number of impressions. For example, if you run an ad that has 10,000 impressions and you receive 100 clicks on those impressions, the click-through-rate would be 1% (100/10,000= .01 or 1%). Facebook will measure your click-through-rate for you in the Ad Manager which makes it much easier.
More important is the conversion rate. The conversion rate is measured by the number of conversions (someone completes a purchase… and thus makes you money) divided by the number of ad clicks. For example, if your ad gets 100 clicks and you receive 5 conversions from those clicks, then the conversion rate would be 5% (5/100= .05 or 5%).
Once you find a good performing offer with a reasonable conversion rate, then you simply add more to your daily budget and you will make more money. Like I said, do not get discouraged easily. It may take some time to test and find the offer that converts well, but it is totally worth it once you do find it. I currently have been running an ad that makes me over $50 a day on a consistent basis; I have other ads that perform similar as well (I cannot tell which ads I am running because I do not want competition on my ads—but I will lead you in the right direction to find your golden ad). As long as you make more than you spend, then you are doing things right. Next you will learn where to find those valuable offers that pay you a commission.
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