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Are Facebook ads still viable for small budgets?
I’ve just started using Facebook ads in April and it was doing ok with 3x ROAS for 3 weeks(spending about £30 a day). I was just about to increase the budget to see how it goes when iOS 14.5 was released and performance went down to 0.80 ROAS. CPM shot up from £20 to £50 for conversion campaign with gender + one interest targeting.
What is your view on advertising with a small budget on Facebook? Is it dead? Is it temporary slow? Is there a way to improve performance?
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