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by continuations 3615 days ago
Ok I'm not familiar with the FB ad platform but how does FB surface conversion costs? Using your example of real estate services there's no way FB can tell whether someone becomes a client after clicking on the ad. And without that information FB cannot calculate conversion costs.
2 comments

Facebook uses their pixel [1] to determine what their visitors do on their advertisers' sites. The pixel can be set with various options, such as a "purchase" pixel with a revenue component. When you initiate campaigns in Facebook you have the option to define a goal of conversions (views of a specific Facebook pixel), and Facebook will report back the conversions from your campaign.

1: https://www.facebook.com/business/help/952192354843755

We fire a conversion event back to them when someone becomes a client.
Hmmm... what do you pass back to FB? Our FB cookie? That way they can correlate who saw the ad against the visit to your site?
Here's an official explanation of conversion tracking with FB: https://www.facebook.com/business/a/online-sales/conversion-...