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Summary
In this episode, Stacy Covitz discusses the complexities of ad costs, emphasizing that there is no flat rate for Facebook ads. She explains the bidding process, factors influencing ad costs, and how to budget effectively for advertising. Stacy also shares strategies for optimizing ad spending and the importance of building a warm audience over time.
Takeaways
- Ad costs vary based on multiple factors.
- Facebook ads operate on a bidding system.
- Starting with a small budget can be effective.
- Quality ads receive better performance and lower costs.
- Understanding your goals is crucial for budgeting.
- Consultation can help clarify ad spending strategies.
- Building a warm audience can reduce ad costs over time.
- Different strategies may be needed for different budgets.
- Ad performance improves with a seasoned audience.
- Regularly reviewing ad performance is essential.
Chapters
00:00 Understanding Ad Costs
02:24 Bidding for Attention
04:36 Strategizing Your Ad Budget
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