Option 1: Facebook Ads Manager

The most widely used option for reviewing Facebook campaign performance is the Facebook Ads Manager.

Here, you can sort your ads by dates, objectives, etc. and “zoom in” to any campaign to measure the performance of every single ad set or ad. Put simply, you can filter your campaigns in countless ways to find the exact metrics relevant to your Facebook campaigns.

As you look at the Campaigns tab in the Ads Manager, you’ll notice the reporting table with different metrics such as:

• Cost-per-click
• Cost-per-conversion
• ImpressionsUnique Link Clicks
• Unique Link Clicks

That’s where you can get a complete overview of all your Facebook campaigns’ performance.

You can select a campaign by clicking on the checkbox in front of the campaign name. Next, you’re able to navigate to the Ad Sets and Ads tabs to see the performance of every individual campaign unit.

Option 2: AdEspresso

By using AdEspresso reporting tools, you’ll unlock a completely new set of reporting capabilities designed for effortless campaign optimization.

For example, you can compare multiple ad campaigns to see which ones perform best.

Moreover, you’ll get a complete overview of every single ad campaign’s performance over time. You will instantly notice once the results start to decline (the cost-per-click will go up while the click-through rates plummet).

When working with Facebook A/B tests, AdEspresso will do the reporting and campaign analysis for you, showing how each tested ad elements performs compared to others.

You can also quickly review and analyze the best days and hours for displaying your Facebook ads. This way, you’ll be aware of the top advertising times and can set up a custom Facebook ads schedule.

Facebook Ads Optimization hack #1:
Keep Your Ad Frequency Under Control

Facebook ad frequency is a campaign metric that shows how many times an average audience member has seen your Facebook ads.

AdEspresso analyzed how the Facebook ad frequency affects the click-through rate, cost-per-click, and cost-per-conversion of Facebook ad campaigns. Here’s what they found:

The more people see your ads, the more bored they’ll get.

This means that after your target audience has seen your Facebook ad for four times or more, the cost-per-click will increase significantly.

How to measure your Facebook ad frequency?

To check your Facebook ads’ frequency, go to Facebook Ads Manager, click on a campaign, and in the reporting section select the Delivery view. You should now see a column with the Ad Frequency.

If your ad frequency is over 3, it’s best to pause the ads and create new ones with different messages or layout. You could also create a new Facebook target audience and start advertising to them instead.

Facebook Ads Optimization hack #2:
Optimize Your Ad Placements

Currently, there are more than 10 different Facebook ad placements available in the Ads Manager, including Instagram, Marketplace, and Messenger:

• Facebook

1. Desktop Newsfeed
2. Mobile Newsfeed
3. Right-hand Column
4. Instant Articles
5. In-Stream Videos
6. Suggested Videos
7. Marketplace

• Instagram

1. Feed
2. Instagram Stories

• Facebook Audience Network

1. Native, banner and Interstitial,
2. In-Stream Videos
3. Rewarded Videos

• Messenger

1. Home
2. Sponsored messages

Unless you’ve got a huge marketing budget, you can’t run your ads in all of these marketing channels. That’s why you should look at your Facebook ads reports and find out what are your top-performing ad placements.

To uncover your top-performing ad placements, log in to Facebook Ads Manager and use the Breakdown menu to break down your campaigns by Placement.

You might find it even easier to compare multiple Facebook ad placements in AdEspresso. You’ll get a day-by-day overview along with a performance chart.

After you’ve discovered your top-performing ad placements, go ahead and optimize your campaigns accordingly:

• Increase your bids on the top-performing ad placements
• If an ad placement performs below all expectations, simply remove it from your ad set
• If no current ad placement brings you the anticipated results, test completely new ones

Facebook Ads Optimization hack #3:
Set Up Auto-optimization Rules

Did you know that you can set up automated optimization rules in AdEspresso and Facebook Ads Manager? This feature is called Facebook Automated Rules. And it’s available for free to anyone advertising on Facebook.

If the rule conditions are satisfied, four things can automatically happen:

• Turn off  your campaign, ad set or ad
• Send notification to the ad manager
• Adjust budget (increase/decrease daily/lifetime budget by…)
• Adjust manual bid (increase/decrease bid by…)

How to create rule sets in AdEspresso:

• 1 – In the top menu, navigate to “Tools” and select “Optimization Rules”

• 2 – Here, you can see all your existing rule sets
• 3 – Click on the “+Create new rule” button to set up a new ruleset

• 4 – When setting up a new Facebook ad campaign, select a ruleset you’d like to apply

That’s pretty simple, isn’t it?

How to set up Facebook auto-optimization rules:

• 1. Go to Facebook Ads Manager
• 2. Select one or multiple campaigns/ad sets/ads
• 3. Click on the “Edit” icon in the right-hand menu
• 4. Click on the “Create Rule” button

• 5. Set up your automated rule’s conditions

For example, you could tell Facebook to pause any ad that reaches the frequency of 5 ad views. Or lower the bid on ad sets with a high cost-per-result.

We recommend that you use one tool for rule management per campaign -so that things won’t get messed up.

Additional reading:

• Review 8 Facebook Ad Metrics and Improve Your Ad Performance
• 10 Facebook Ad Optimization Hacks for Massive Success
• 22 Silly No-Brainer Reasons Why Your Facebook Ad Campaigns Fail
• 12 Speedy Ways to Overcome Ad Fatigue (And Keep Down Your Cost-per-action)
• Silent but deadly: the Frequency of your Facebook Ads
• 6 Facebook Advertising Hacks I Wish We Had Known Before Launching Our First Campaign
• Facebook Automated Rules: 4 Ways To Get More Out of Your Campaigns on Autopilot