Transcript
Ralph Burns (0:00)
Hello and welcome to the Perpetual Traffic Podcast. This is your host, Ralph Burns, the founder and CEO of Tier 11. And I find it hard to not rebroadcast some of our Friday lives on this show here because they're so cutting edge, they're so bleeding edge that we want to give all you people that are doing this stuff, you're in the weeds doing it every single day. But also, if you're that person who is in the weeds, boss, you're the director of marketing or the VP of marketing. This is the kind of show that you want to send to your people to make sure they are on the cutting edge. Because stuff is changing so much. Specifically right now in Meta, it's about the sixth or seventh show we've done on some of the changes that are inside the Meta platform. Obviously, we were one of the first Facebook ad agencies. I think we were one of the first three Facebook ad agencies on the planet. There's now thousands of them. But the point is, is that none of them are on the cutting edge like this. And the reason why we have today's show from last Friday is because it's so good, I can't keep it away from you. So today is myself and John Moran. John Moran is sort of the guy that's behind the scenes, if you don't know who he is, sort of known for Google Ads, but we sort of put him in this laboratory, we have hired him and he's been a part of tier 11 for the last year and a half or so. And he has some private businesses that he deals with on his own, sort of his own businesses and works for tier 11. But because of that arrangement, it's actually the ideal arrangement where he can test everything with his own money. He's not testing it with tier 11 client money, he's testing all the things that are going on right now. And he has been coming up with this new strategy that we're now calling the CAPI import strategy, which we're going to talk about here a little bit. I would definitely and highly recommend you head over to our YouTube channel and actually see this. Some of it is going to be blurred out just for confidentiality purposes, but you can actually see sort of the evolution of, in the first part of today's episode, him going through the MetaPixel and the conversions API, the CAPI integration, if you know what that sort of stuff is. We'll leave some links in the show notes if you're not sure what that is. However, how he has been able to make sure that, that there is not deduping and deduping. If you don't know what that is, we'll leave some links there as well. But basically it is the ability for a platform to eliminate redundant copies of repeating data, meaning that if you have a pixel on your site and you're also doing server side tagging through a conversions API integration, or maybe you're using tier 11 data suite through the three martech platforms in which we import data, you want to make sure that the data that's piped back into the platform is not duplicated because it'll give you inaccurate reporting, it'll give you flawed optimization, and last but not least, it'll waste your ad spend. So he has figured out a way to use this new strategy, this CAPI import strategy, which we will be talking about in future shows in the testing lab and in the laboratory, so to speak, in order to make sure that duplication is not happening. And the big learning out of this is you all know that we've been talking about new customer acquisition cost or NCAC quite a bit. But if you have an E commerce store that has six or six thousand SKUs, or maybe you see multiple different products, you want to know what the conversion is on each individual product, what is the NCAC on each individual product? And you can now actually do this with this strategy that he lays out here. And you'll actually see us starting to do it with a new account in the first part of today's show. So anyway, I don't think he defines the duping, but like I said, we'll leave links in the show notes if you want to look into that even further. The second part of the first section of the show, we go deep into how we test using Advantage plus campaigns inside Meta, how we use one campaign and then two different ad sets, one for testing and then one for scaling. And the way that John actually does it here and explains it, I highly recommend you look at this over on our YouTube channel. This is groundbreaking stuff. We've done a lot on this. Just think about it like if your cost to acquire a new customer, you have 6,000 SKUs, it's not the same for every SKU. It's not the same for every product. Every product has a different level of gross profitability, a different number that you're looking for. You might be able to average it all out. But if you can average it out and you have equal sales of all your products, which never happens, that's a formula for success. However, you need to get very granular know what the NCAC is for each individual product. The way to do that is through this kind of tracking, which is going to screen share exactly what that is. So I'll also highlight his incredible Microsoft Paint skills. It's Van Gogh, Monet. Ish. And exactly show you how Advantage plus is now really becoming an automated platform for wherever that individual is in your conversion funnel, customer journey, customer acquisition path, whatever it is that you want to call it. They're now targeting specifically individual people based upon where they are in that conversion path with the type of ad that will take them to the next step and ultimately lead to a conversion which we're seeing 50% reductions, if not more, on new customers acquired in meta specifically. So today's show, that's sort of a summary of it. John talks very fast. So that's why I'm summarizing it for you right now, because I summarize it as we're sort of talking and then the last half is sort of a Q and A. A lot of questions that you probably have. Maybe some of the listeners of this show do. So definitely stay tuned for the entire show. It's sort of a longer show here today, but definitely one that you want to check out and send to your team, send to your marketing team and. Or send to your agency if they're not doing it the right way. And of course, if need help from us, we're always here over@211.com apply so without further ado, here is John and Ralph. Take it away, boys. You're listening to Perpetual Traffic.
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