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As digital marketing evolves to fit consumer preferences and follow privacy changes, advertisers continue to witness changes from their advertising platforms. In this article, we’ll explain Meta’s 2022 rollout of Advantage+ Shopping Campaigns.
First it’s important to understand what Advantage+ is.
Advantage+ is a group of improved products offered by Meta that use artificial intelligence and machine learning to automate the entire, or part of, the campaign creation process (Audience/Targeting, Bids/Budgets, Creative, Destination, and Placements).
The goal of Advantage+ is to offer advertisers:
Advantage+ products consist of:
In August 2022, Meta launched another initiative to replace “Dynamic Ads for a Broad Audience (DABA)” called Advantage+ Shopping Campaigns, an automated solution for Facebook and Instagram Shopping ads.
In the past, e-commerce advertisers had to manually test different campaign elements such as audiences, visuals, and budget to find the best combination to reach their business’ goals.
Advantage+ Shopping Campaigns aim to remedy this by using AI and new machine learning models designed to reach the right audiences at the right time and place in Facebook and Instagram Shopping campaign ads, driving better results for advertisers.
Image from Meta
As Advantage+ Shopping Campaigns do not limit audiences or placements, advertisers can now find new audiences and placements they most likely wouldn’t have manually looked for or found previously.
The adoption of Advantage+ Shopping Campaigns gives AI the power to reach any Meta user, on any Meta platform, in any allocated country, thus enabling AI to decide the perfect people to see an advertiser’s Shopping ads.
This allows marketers to quickly learn what ads are working, while getting the most out of their advertising budget.
In addition, by shifting toward automation, Advantage+ Shopping Campaigns establish a smoother, quicker campaign creation process than what came before.
As Advantage+ Shopping Campaigns are Meta’s biggest innovation since Dynamic Product Ads (DPAs), there are plenty of reasons to hop on board.
Benefits of Advantage+ Shopping Campaigns include:
ROI Hunter is paving the way for a new marketing category called Product Performance Management by creating the first-ever Product Performance Management (PPM) platform.
The PPM platform aims to enable top-level retail marketers to gain better insights into how products perform on the individual level across all of their channels, so they are better equipped to make more informed, data-backed business decisions.
Some major benefits of using ROI Hunter to complement Advantage+ Shopping Campaigns are as follows:
Although Advantage+ Shopping Campaigns are still fairly new, we've already seen clients achieve significant results since its inception.
For example, we tested an Advantage+ Shopping Campaign for one of our clients in September.
The goal was to compare the client’s business as usual (BAU) dynamic ads for broad audience (DABA) campaign against an Advantage+ Shopping Campaign promoting their bestsellers.
After just one month of running these campaigns, the client’s DABA campaign resulted in a return on ad spend (ROAS) of 0.6, while their Advantage+ Shopping Campaign achieved a ROAS of 5.8.
Additionally, the client’s DABA campaign had a click-through rate (CTR) of 2.3, while their Advantage+ Shopping Campaign’s CTR reached 4.8.
In summary, Advantage+ Shopping Campaigns simplify and speed up campaign creation, drive better performance through AI and machine learning, and enable advertisers to better achieve overarching business goals.
While Advantage+ Shopping Campaigns is still a new solution, it’s clear as day that adoption of this initiative has immense potential.
ROI Hunter uses Product Performance Management (PPM) data to further improve your Meta Shopping campaigns’ creation process and drive greater results.
Download this free cheat sheet about how product performance data can enhance your Advantage+ Shopping Campaigns.