Head of Marketing @ Catalyst Consulting | A Revenue-Centric Marketing Agency | LinkedIn Top Voice Marketing & Advertising
How we decreased Cost Per Lead by nearly 50%, CPM by 65% and CPC by 54% with Manual Bidding on LinkedIn. We’ve been running a direct-response paid social strategy combining Facebook & LinkedIn Ads for a client at Catalyst Consulting. Since the beginning, thanks to the lower costs on the platform, Facebook has always been their best-performing channel. In June, we started an experiment on LinkedIn where we started running their campaigns with manual click bidding, optimizing for the lowest cost per click. After a month of running the experiment, LinkedIn outperformed Facebook on all metrics thanks to manual bidding in July, doubling the number of leads generated, and maintaining this quality down the funnel. Caveats for the experiment: - You shouldn’t run manual bidding straight away when launching new campaigns, as this is more of a method of optimization for when the campaigns are *already* generating results, not during the early testing stages. - You have to monitor campaigns on a daily basis when experimenting with manual bidding, because depending on your bids, the daily spend of your campaigns can vary a lot, which can result in either under or overspending. - Depending on your spend, you should let the campaigns run a minimum of two to three weeks before deciding on the success of the experiment. - During the first few days, results will fluctuate a lot, so don’t panic and kill the experiment before you have enough data to make a decision.
Great results I would say that starting with manual bidding right away is more efficient approach in most case if you do it smart
This is a great case study on how manual bidding on LinkedIn can be used to significantly reduce costs and improve performance. The results are impressive, with a 50% decrease in cost per lead, a 65% decrease in CPM, and a 54% decrease in CPC.
LinkedIn ads is a powerful addition to most marketing ecosystems
Hi Diego Oquendo this is very insightful. I do have a question: when is the time you’d switch from Maximum Delivery to Manual CPC? I heard after 0,8% CTR to switch to manual bidding, what do you think?
Impressive results with manual bidding! It's a testament to your strategic approach that LinkedIn was able to outperform Facebook in this case. Your method of constant monitoring and careful tweaking is a great take-away. It's interesting to see how patience and persistence can yield such significant improvements.
Diego Oquendo do you have a novel tactic with a case study to share across CXL channels? bit.ly/cxlfeature
Diego Oquendo Impressive work on optimizing your LinkedIn campaigns. Your insights on manual bidding offer valuable lessons for all marketers!
Patrick Zuidhoorn Gino Gagliardi, sounds like a good experiment for your LinkedIn ads!
I know a little about LinkedIn Ads | Head of Strategy @ Impactable 🧠
8moManual Budding for Website Visit campaigns will change how you’re charged. With Max Delivery, you pay based on impressions, which can be super helpful in stretching dollars. If you do Manual Bidding, you change that to getting charged for clicks, and it can hurt or help. Love that you’re giving disclaimers here because there’s no “one size fits all”