The Apple’s iOS 14 updates have made advertisers using events for conversion optimization or call-to-action such as the sales of tickets to a Coke Studio Live concert), to switch to the Aggregated Event Measurement with a caveat that one can have only eight events (such as a concert or the release date of a particular product like Vanilla Coke) per domain (a number which was previously unlimited). Events are used to create custom audiences on the basis of actions users have taken on an app or a website. These audiences can then be targeted with ads relevant to them when they visit Facebook. Let us see how we can continue to use Facebook ads well even after the iOS 14 privacy update.
Remove irrelevant events: If you have events which are unused in current ads when you see the Results or Optimization Events columns in Facebook you can choose to remove or skip these events from the new Aggregated Events Measurement setup. Doing so will save you a lot of time and optimize your ads.
Combining events: When you don’t have more event spaces left try and combine events which are similar in nature. For example, two different product launches which would have the same call-to-action can be clubbed. Content events too, can be clubbed as one such as blog views, guide views, video views etc. You could also club events for seasonal actions in one place. While on your Aggregated Events, when you use custom conversions with the combined actions, only one event is created, instead of a lot of events with limited slots.
Using what is there: Though there are only eight spots for optimization and conversion tracking, one can still make any number of events. If the events you have set up are not in the top eight for Aggregated Measurement, you can create audiences to use for ad set targeting (in other words a group of customers shall be targeted for a particular event). When you create audiences you can choose from the eligible events to be used as audience source and create retargeting ad sets on the basis of particular event actions to try and get the user or your probable customer to the final conversion action.
Not all of these strategies may work in all events but some may work in certain situations. It will take a bit of trial and error before we arrive at what works best for us. What we would also like to say here is that one must make use of specific targeting options while they’re still available but also to prepare for what lies ahead. Broad targeting using Facebook’s ad delivery system helps find potential customers one would not have known about otherwise. Targeting expansion can help improve the advertiser’s campaign performance by allowing Facebook’s system to reach a wider spectrum or group of people than what is chosen by you in targeting selections. Both broad targeting and targeting expansion may be good strategies to begin with!