Top 9 Expert tips on How to lower CPM Facebook Ads [UPDATED]
1. Overview on Facebook Cost Per Mille (CPM) CPM is a familiar term when it comes to ad costs on Facebook, directly affecting ad campaign performance. By understanding the connection between CPM and campaign effectiveness, you can optimize your overall campaign. 1.1. What is Facebook Cost Per Mille (CPM) CPM, or Cost Per Mille, represents the cost for 1,000 ad impressions on Facebook, serving as a key metric to maximize brand awareness and reach. CPM Formula : CPM = Advertising cost x 1,000/Number of impressions Example : For a $6,000 ad spend campaign earning 5,000 impressions, your CPM would be: 6,000 x (1,000/5,000) = 1,200. Your CPM is $1,200. 1.2. Why is CPM Facebook Ads important? In the awareness phase of an ad campaign, CPM is a valuable metric for tracking ad performance and guiding businesses in making informed decisions. Here is why this metric matters: Boost brand recognition: CPM is paid for ad impressions, especially for new brands, pro...