Help, how do you know when to scale a campaign?
I'm sure it's all part of the learning process but I'm curious to hear how others decide when it's time to scale up.
Here's a typical example of my problem:
Although, I usally run 50 ads or so for a given test campaign, my latest campaign had only 15 ads. Several of the ads were converting at greater than 25% so I figured things were going well enough I would break even. I pushed around $80 total through all the ads in the campaign on day 1 and earned around $78.
At the end of day 1 I had several ads with 20+ clicks each converting between 20% and 25%. I paused all but 5 ads figuring that should get me in the ballpark of 100% ROI. But then on day 2 when I try to really start pushing clicks the ROI is like -300%?
From what I've read or heard it's good to push 2 to 3 times the offer through an ad before scaling. I also hear people spend around $100 for their intial campaign data (I don't know for how many ads? but $100 seems to be a common number people throw around). These are the rules of thumb I've been using but it doesn't seem to be enough data.
I guess I could spend a huge amount on each ad to make sure I know which ones are good and which are bad. That would ensure good data, but I don't want to spend more than I'm going to make off the campaign just during the testing process...
Maybe my campaigns are still losers even though day 1 stats looked good? But maybe my loser ads were actually good and just performed bad on the first day
. How do you guys decide?What rules of thumb are you guys using?
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