To activate CPC bidding, create a new Facebook campaign or edit an existing campaign. Scroll down to step 3 and select Manual Bidding.
Change the "Optimize On" setting to Link Clicks:
In the "Pay For" box, select Link Clicks (CPC).
Then choose your Bid Amount. Clicking the "Auto Bid" option will tell Facebook to bid with the goal of getting you the lowest possible cost per optimization event while also trying to spend your entire budget by the end of the day.
You can also uncheck this box and set a max CPC bid (see notes below).
Please note the following regarding CPC bidding:
- CPC Bidding is currently available for Facebook campaigns only. We do plan to support CPC bidding for web campaigns soon.
- The minimum budget for a CPC optimized campaign with Auto-Bid enabled is $50/week.
For more information about bidding strategies on Facebook, see this article.
If you have any questions about using CPC bidding, please contact ads@sharpspring.com.