Changes in Smart Bidding Recommendations
Updated
Introduction
The Smart Bulb Icon evaluates certain criteria at the backend to identify potential entities for the application of Smart Bidding or Smart Budget Application or both.
Methodology
The bulb icon is supposed to identify entities as per various evaluation rules and make recommendations for the following channels and objectives:
Channel | Optimization Goal | Upper/ Down funnel |
Ad Recall Lift | Upper | |
Reach | Upper | |
Impression | Upper | |
Page Like | Upper | |
Link Clicks | Upper | |
Link Clicks (CPC) | Upper | |
Landing Page Views | Upper | |
Daily Unique Reach | Upper | |
Impressions | Upper | |
Post Engagements | Down | |
App Installs | Down | |
App Events | Down | |
Thru play | Upper | |
2-Second Continuous Video Views | Upper | |
Leads | Down | |
Conversion Leads | Down | |
Calls | Down | |
Replies | Down | |
Value | Down | |
Conversions | Down | |
Conversion Events | Down | |
Unique Reach | Upper | |
Store Visits | Down | |
Reach | Upper | |
Impressions | Upper | |
Sends | Upper | |
Landing Page Clicks | Upper | |
Engagement Clicks | Upper | |
Video Views | Upper | |
Leads | Down | |
Clicks | Upper | |
Website Conversions | Down | |
Impressions | Upper | |
Video Views | Upper | |
Pin Clicks | Upper | |
Conversions | Down | |
Snapchat | Impressions | Upper |
Snapchat | Swipe Up | Upper |
Snapchat | Story Opens | Upper |
Snapchat | Share | Down |
Snapchat | Install | Down |
Snapchat | Swipe Up | Upper |
Snapchat | App Purchase | Down |
Snapchat | App Signup | Down |
Snapchat | App Add to Cart | Down |
Snapchat | Page Views | Upper |
Snapchat | Shares | Down |
Snapchat | 15 Second Video View | Upper |
Snapchat | 2 Second Video View | Upper |
Snapchat | Pixel Sign Up | Down |
Snapchat | Pixel Signups | Down |
Snapchat | App Sign Up | Down |
Snapchat | Pixel Purchase | Down |
Snapchat | Pixel Add to Cart | Down |
Snapchat | Page View | Upper |
X | Reach with Engagement | Upper |
X | Maximum Reach | Upper |
X | Video Views | Upper |
X | 15 s Video Views | Upper |
X | 3s/100% Video Views | Upper |
X | 6s Video Views | Upper |
X | Pre-roll Views | Upper |
X | 3s/100% Pre-Roll Views | Upper |
X | 6s Pre-Roll Views | Upper |
X | App Installs | Down |
X | App Clicks | Down |
X | Link Clicks | Upper |
X | Website Conversion | Down |
X | Engagement | Down |
X | Followers | Down |
TikTok | Reach | Upper |
TikTok | Click | Upper |
Tiktok | 2 Second Video Views | Upper |
Tiktok | 6 Second Video Views | Upper |
Tiktok | Leads | Down |
Tiktok | Profile Visit | Down |
Tiktok | Follow | Down |
Tiktok | Install | Down |
Tiktok | Conversion | Down |
Tiktok | Conversions | Down |
With recent updates incorporated in it, it is no longer going to recommend “Down” funnel objectives for Facebook/InstagrAM and no Objectives for TikTok, which are:
Tiktok | Reach | Upper |
Tiktok | Click | Upper |
Tiktok | 2 Second Video Views | Upper |
Tiktok | 6 Second Video Views | Upper |
Tiktok | Leads | Down |
Tiktok | Profile Visit | Down |
Tiktok | Follow | Down |
Tiktok | Install | Down |
Tiktok | Conversion | Down |
Tiktok | Conversions | Down |
Post Engagements | Down | |
App Installs | Down | |
App Events | Down | |
Leads | Down | |
Conversion Leads | Down | |
Calls | Down | |
Replies | Down | |
Value | Down | |
Conversions | Down | |
Conversion Events | Down | |
Store Visits | Down |
Configuration
1. From the launchpad, click on Ads Manager.
2. In the Upper right corner identify the bulb icon. Click on it to filter out your potential entities which Sprinklr deems fit for application of SB/SBA.
3. The system will auto apply filter for “Smart Bidding”, “Smart Budget”, “Smart Bidding with Target CPA” & “Smart Budget with 3rd Party Metrics”
4. Identify your respective entities and apply the desired optimisations using Strategy Groups. To learn more about how to configure a Smart Bidding or Smart Budget, view Setting Up Smart Bidding or Setting up Smart Budget
Impact
For all the remaining objectives, the algorithm and Smart Bidding will continue to function seamlessly without any changes. The adjustments discussed earlier will only apply to specific objectives while leaving the rest unaffected. Smart Bidding will continue to operate optimally and efficiently to achieve the desired outcomes for those objectives.
Business Value
With the new Bulb icon, users can easily spot potential entities for optimizations, saving time and effort on manual analysis. This business add-on streamlines decision-making and tries to improve the overall performance of Paid Initiatives.
Key Takeaways
Evaluation & Application of SBA is unaffected.
Smart Bidding will not recommend only “Down” funnel objectives for Facebook/Instagram.
Note: Changes in the bulb icon are pending for Tiktok. As of now, Tiktok is not recommended via bulb icon but SB can be applied if bid strategy type is "Manual Bid" only. For TikTok the Bid Strategy type should be manual from the start for successful application of Smart Bidding, since changing bid strategy mid-flight(post-publishing) is an API limitation.