The Facebook Ad Manager
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© 2018 Lead Horse Marketing
You can also choose to whether to set a daily budget, or, if you set a
scheduled start and end for your boosted post to run, a lifetime budget.
➡ With a daily budget, Facebook can increase or decrease how much you actually
spend each day depending on how well they think the post is performing each day. The
spend will average out to your daily budget, but it may not be exact.
➡ With a lifetime budget, your budget will be spent much like the daily budget, spread
out over the course of your scheduled days. However, you will notice higher or lower
spend each day depending on performance – but you will not spend more than the total
budget you have set. For scheduled posts, Lead Horse recommends using a
lifetime budget, especially if the post is scheduled to end before late at night the last
day it is scheduled.
Finally, there is a section for optimizing your spend. You can change the
Optimization for Ad Delivery, your bid strategy, ad scheduling, and delivery
type.
➡ Ad Delivery defaults to your marketing objective, but you can also change it to
Impressions to be delivered as many time as possible, or to Daily Unique Reach to be
seen once a day by as many people as possible. Again, what you should pick is based
off your goal, but the default will often be your best bet.
➡ With Bid Strategy, Facebook will default to getting the most of your goal for the
lowest cost, but cost may rise the longer the boosted post runs. You can choose to
protect yourself from that potential higher cost by setting a bid cap.
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Quick Tip: With bid caps, make sure you do not set it too low to begin with or you risk not
getting any performance at all.