Facebook ads conversion rate

Advertising can be crucial for almost every company, from startups to small businesses and huge corporations. Facebook ads can be lead magnets, but can you know if your Facebook ad campaign brings your company a return on investment? Depending on your campaign objectives, you can track many KPIs to help you measure your ROI, like the average cost, click-through rate, and conversion rate. Let’s dive into the last one.

TRACK YOUR FACEBOOK ADS CONVERSION RATE

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What is Facebook ads conversion rate?

Facebook ads conversion rate is the percentage of link clicks from website visitors that resulted in a conversion from an ad or ad set on the social media platform Facebook (a purchase, webinar signup, or any other form of Facebook lead generation).

This metric is often measured alongside other ad KPIs, like average click-through rate (CTR), cost per click (CPC), and impressions. These KPIs show how well your ad connects with your target audience and what conversion rate you achieve within the demographics you are reaching.

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How to calculate Facebook ads conversion rate

To calculate the Facebook advertising conversion rate, divide conversions from your Facebook ad by the total number of link clicks it received, then multiply by 100%.

Facebook ads conversion rate formula

Conversion rate = Number of conversions / Number of clicks on an ad

What is a good conversion rate on Facebook ads?

According to Wordstream's Facebook Ad benchmarks, the average Facebook conversion rate for paid Facebook ads across all industries is 9.21%. So, following this conclusion, we could say that a high conversion rate for your Facebook Ads should be around 10% or more.

However, this number varies across sectors with different profit margins. Again, according to Wordtream, industries like real estate and fitness will generally get higher conversion rates. In contrast, industries like travel & hospitality, healthcare, and industrial services will have lower conversion rates than the average.

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What is a bad conversion rate on Facebook ads?

If you are seeing a lower number than 9-10%, it might indicate that your strategies are worth looking into. Consider amping up your adverbird's platform strategies and reflecting on additional metrics in your Facebook ads manager to enhance your ad performance. Looking at other key metrics to give a better bird’s eye view is crucial. As previously mentioned, the percentage depends highly on the industry and other factors.

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Facebook ads conversion rate KPI examples & templates

Your Facebook ads metrics can be added to multiple different types of reports. Here are some of them:

See this KPI in action here!

See this KPI in action here!

Facebook Ads report template

Track your Facebook Ads campaigns, optimize performance, and display your Facebook Ads data with our comprehensive report template. Metrics include the cost per action (CPA), average conversion rate, ad costs, ad spend, and website traffic generated from ads.

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Social media report template

Our social media report template has everything you need to get your marketing team started quickly: it’s pre-built with the standard social media metrics and KPIs you need, and it’s fully customizable so that you can visualize the data you want the way you want. It includes social media advertising platforms, such as Facebook, Twitter, Instagram, and Linkedin.

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Community management report template

Track all your social media performance, and show your social media strategy results to your boss in no time! Spend less time reporting and more time growing your community with this all-in-one community management report template.

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Facebook ads conversion rate best practices

If you track conversions on Facebook and want to optimize your Facebook marketing budget, consider reading the following tips.

Setup a Facebook Pixel

A Facebook pixel code helps you optimize your ad for additional conversions, which is especially useful for e-commerce sites. It will help you reduce your conversion rate while accessing the right Facebook users through strategic ad placements and ad targeting options. For example, you can even use remarketing for potential customers and convert them into subscribers to an email list.

A/B test your ads

Rather than re-using one ad repeatedly, consider using different ad types and playing with custom lookalike audiences to diversify your digital marketing strategy. Use different ad copy, landing pages, visuals, or call to action (CTA button) to see what works best with your audiences. You can also create different custom audiences to see with whom your ads resonate the most.

Experiment with different formats

Video ads tend to cost less per view, so gaining video views in your campaign could reduce your conversion rate. You can also explore retargeting, which can help target people already interested in your offer, or carousels, which offers a different way to enjoy your ads.

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Facebook ads conversion rate synonyms

Although conversion rate is widely used for Facebook ads, multiple synonyms can be used. Here are a few :

Conv. rate, Conversion %, Conv. %, Goal conversion rate, Conversion ratio, Conversion/visits, Conversion/session, Conversion/click, Conversion per session, Goal completion rate, Goal rate, Website conversion rate, Facebook campaign conversion, Facebook conversion campaign, Facebook conversion tracking, Campaign conversion rate, Ad conversion rate, Facebook conversion objective, Marketing conversion rate, Action rate, Transaction rate, Average conversion rate, ecommerce conversion rate, Overall conversion rate, conversion events, custom conversion