You've learned how to set objectives and how to manage budgets. The real skill is making them work together. An awareness goal requires a different budget and bid strategy than a conversion goal. Let's practice making those connections.
Engagement Message
Why would using a conversion bid strategy (like CPA) for an awareness campaign be a bad idea?
Type
Fill In The Blanks
Markdown With Blanks
Let's build a strategy. A new online shoe brand wants to introduce itself to a wide audience.
The primary campaign objective should be [[blank:Awareness]]. The best bid strategy to maximize reach for their budget would be [[blank:CPM]].
Suggested Answers
- Awareness
- CPM
- Conversion
- CPC
Type
Multiple Choice
Practice Question
A SaaS company wants to generate as many free trial sign-ups as possible. They have a specific target cost they are willing to pay for each sign-up. Which setup is best?
A. Objective: Awareness; Bid: CPM (Cost per 1,000 impressions) B. Objective: Consideration; Bid: CPC (Cost per click) C. Objective: Conversion; Bid: CPA (Cost per acquisition) D. Objective: Conversion; Bid: CPM (Cost per 1,000 impressions)
Suggested Answers
- A
- B
- C - Correct
- D
Type
Sort Into Boxes
Practice Question
Sort these key performance indicators (KPIs) into the campaign objective they are most commonly used to measure.
Labels
- First Box Label: Awareness/Consideration
- Second Box Label: Conversion
First Box Items
