If you're running Facebook ads in any niche to generate leads, it's really important to track the right metrics for decision-making and ad optimization. The most important ones are
饾棖饾椉饾榾饾榿 饾棧饾棽饾椏 饾棢饾棽饾棶饾棻 (饾棖饾棧饾棢): CPL gives you a direct insight into how much you're spending to get each lead. If your CPL is above $30, you must enhance your ad experience to improve results.
Keep in mind, that leads are just info about clients, don鈥檛 stop there.
饾棖饾椉饾榾饾榿 饾椊饾棽饾椏 饾棓饾棸饾椌饾槀饾椂饾榾饾椂饾榿饾椂饾椉饾椈: At the end of the day, you need to know how much you are spending to acquire a paying client/project. To keep the business profitable, your CPA should not exceed 20% of your service charge.
You also need to track the conversion rate from lead to actual customer.
饾棯饾椀饾槅?
Because you might find that some ads are excellent at generating a high volume of leads but fall short in converting them into paying customers. On the other hand, some ads might have a higher CPL but produce leads that convert at a much better rate. All your optimization efforts should focus on balancing these two metrics: CPL and conversion rate.