[SMK] Social Media Knowledge

DIGITAL MARKETING NEWS

Meta Expands “Advantage+” Automation Capabilities

Meta Advantage is designed to help advertisers use AI and automation to maximise the performance of adverts.

Well, now Meta had added Advantage+ to help brands automate an entire campaign type.

Meta 

“Through Advantage+ solutions, advertisers can tap into the power of AI to provide more relevant campaigns to the people who matter most to their businesses.”

What improvements has Meta made to its Advantage+ suite?

The most exciting improvement Meta has made to Advantage+ is its shopping campaign. eCommerce brands should take notice of this, as it will help automate up to 150 creative combinations at once, and let marketers learn what ads are working while making the most of their budget.

In short, it can be used to optimise the full process of a shopping campaign. Advantage+ will take care of ad creative, targeting, ad placement, budget and any other parameters.

Nicola Mendelsohn, VP Global Business Group, Meta, via AdExchanger

“Businesses today use and test a whole variety of different strategies and creative to ensure they get the best ROI. What this (Advantage+ Shopping) does is help advertisers get smarter faster about which campaigns are actually converting by eliminating the manual steps of ad creation.”

AI is a big focus for Meta right now and the company plans to use it to help boost its ad empire by minimising the amount of personal data it holds while maximising the number of relevant, personalised ads it can show.

Advantage+ shopping campaigns

Meta 

“Advantage+ shopping campaigns tool gives advertisers new ways to optimize campaigns. Advantage+ shopping campaigns uses AI to automate the campaign creation process and is powered by new machine learning models.”

The advantage with Advantage+

In a small study of 15 A/B tests, it appears that Advantage+ shopping campaigns are working well. Meta discovered that they had a 12% lower cost-per-purchase conversion compared to normal ads, which allowed marketers to reinvest savings in other customer acquisition channels. But we warned, it is a small study so you may not experience the same results.

Prose, a custom hair care company, used Advantage+ to great success.

Patrick Benson, VP of Growth, Prose, via Meta

“With Meta Advantage+ shopping campaigns, we are able to grow our business by automating our targeting and campaign creative with less manual setup, which freed up time to focus on other areas of our business.”

Lifestyle brand Rothy’s also had some nice things to say about automation.

Cameron Aroz, Director of User Acquisition, Rothy’s via Meta

“Meta’s Advantage+ shopping campaigns has exceeded our growth efficiency targets. After several rounds of testing, we’ve been able to achieve greater performance output at scale to acquire and re-engage with existing customers by using less manual inputs and leaning into the product’s machine learning and automation.”

Meta is bringing automation to small businesses

The good thing about Advantage+ is those small businesses will be able to use it to create ads through a Facebook Page. For the overworked marketers, being able to access tools that save time and return better results will seem like a gift from heaven.

There are two ways this can be done:

  • Advantage+ creative adjusts ad creative for each person who views your ad, so they get shown the version they’re most likely to respond to – delivering better ad performance for you.
  • Advantage audience creates a personalised audience based on your Page details and adjusts over time to help you reach more relevant people with your ad.

There’s more to come

There are also a bunch of other updates to Advantage+ that marketers and advertisers could find useful.

    • Advantage+ app campaigns do exactly what it says on the tin as it helps advertisers increase the performance of app install campaigns. Marketers will have more creative flexibility with asset pairing and improved stability. Seven-day click attribution capabilities improve performance for campaigns with longer conversion windows, while split testing helps advertisers hone in on the most effective strategies.
    • Advantage+ creative gives advertisers more options to optimise a creative in Ads Manager. By uploading an image or video for a campaign, advertisers can create multiple versions of the same ad that will be optimised for what the viewer is most likely to respond to. A new optimisation that will add music to image-based ads is being tested.
    • Shops as a destination for Advantage+ shopping campaigns are coming soon for U.S businesses. It will let a checkout-enabled Shop to add their Shop as a destination for Advantage+ shopping campaigns. AI will then direct people to the Shop or the seller’s website based on which has the highest likelihood of a transaction.

 

Learn with SMK through Sept 2022

Start your SMK: Digital Excellence 30-day free trial today and unlock unlimited, on-demand access to hundreds of hours of digital masterclasses, training courses and hands-on tutorials.

Your risk-free trial offers the perfect opportunity to expand and upgrade your digital intellectual property.

Each month SMK releases 30 hours of new and updated social media and digital marketing educational course content, ensuring you never get left behind – be it on digital strategy, tactics or implementation.

Alongside this, SMK offers live help and support weekly within the SMK Working Group. It might be a quick fix or the root of a bigger problem; either way, a problem shared is a problem halved. On a day-to-day basis, SMK’s team gives you hands-on support and fresh ideas.

Not to mention a shoulder to cry on, occasionally

Sept SMK Courses, Live Help & Support Options

Live Member Clinics every Monday & Tuesday from 1 pm – 2 pm AEST

  • Live help and support from SMK’s team of analysts.
  • Book in to request a personalised discussion for 15 or 30m via Zoom within the Facebook Working Group.

Weekly Techical Labs: LinkedIn Pages, Ads, Campaign Manager, Pixel Tracking, & More on Wednesdays from 1 pm – 2 pm AEST

  • Technical Labs explore the technological process and workflows related to key digital marketing activities.

YouTube Marketing: Organic & Paid Video Mastery on Thursdays from 10 am – 12 pm AEST

  • Module One: 2022 YouTube Marketing Trends, Opportunities & Challenges
  • Module Two: YouTube Channel Optimisation, Analytics & Video Engagement
  • Module Three: Understanding YouTube Video’s Algorithm & Content Marketing
  • Module Four: YouTube Video Ad Campaigns & Influencer Marketing

LinkedIn & B2B Social Media Marketing on Fridays from 11 am – 1 pm AEST

  • Module 1: 2022 LinkedIn & B2B Social Media Marketing Opportunities
  • Module 2: LinkedIn Content Marketing, Engagement & Brand Building
  • Module 3: Thought-Leadership, Employee Advocacy & Personal Branding
  • Module 4: Creating High-Performing LinkedIn Ads Campaigns

 

Leave a Comment