I was inspired by LilyBLily's thread titled: I'm trying again with Facebook Ads.
For three different books (first in a series), I ran ran two ADs. One AD for each titled: GLOBAL and one AD each titled: LIMITED. The differentiation was primary English speaking versus non-English speaking.
A couple of details then the question.
The LIMITED AD set averaged $.167 (USD) per click and a CTR of 1.52%
The GLOBAL AD set averaged $.013 (USD) per click, a CTR of 1.22% and almost 100 TIMES MORE impressions.
Lots of impressions, lots of click, minimal conversion.
Burning AD dollars but not seeing a conversion (buy) = time to change something.
Before the cost got out of control, I scheduled the ADs to end later today.
As SOON as I scheduled the end date, the ADs started splashing everywhere!
The algorithm was eating the remainder of my budget as fast as possible. I knew it was supposed to try and spend the budget but today's spend is 20 TIMES yesterday's. The spend today doubled the spend of the ENTIRE MONTH!
I turned off everything until I can figure out the conversion problem.
Question: Should I not have been surprised they are eating my budget as fast a possible because I put an end date on the campaigns?
Cheers,
R.C.