Quora this week introduced conversion-optimized campaigns, a feature that focuses the ad delivery algorithm on optimizing for conversions rather than clicks.
With “optimize for conversions” selected, the system will aim to show ads to users it deems most likely to take the designated conversion action. “For example, if you want to get app installs and you choose to optimize for conversions, we will show ads to people who are most likely to install your app,” says Quora Director of Product Management Ryan Browne in the blog post announcement.
To use this setting, website advertisers will need to have the Quora pixel placed on their sites, and app marketers will need to be working with a supported app measurement partner to track conversions generated from ads on the platform.
It also requires advertisers to set a target cost per action (CPA) to inform how the system bids. With this bidding method, advertisers are charged on a CPM basis.
Quora’s ad platform just crossed the one-year mark in May. Unlike any platform I can think of, Quora’s ad business launched out of the gate with conversion tracking via its pixel. It has since introduced retargeting and lookalike audience targeting powered by the pixel. Earlier this year, it added support for multi-event conversion tracking. The ability to optimize for conversions is another step in Quora’s rapid advancement toward parity with much more established platforms.
About The Author
Ginny Marvin is Third Door Media’s Associate Editor, assisting with the day to day editorial operations across all publications and overseeing paid media coverage. Ginny Marvin writes about paid online marketing topics including paid search, paid social, display and retargeting for Search Engine Land and Marketing Land. With more than 15 years of marketing experience, Ginny has held both in-house and agency management positions. She can be found on Twitter as @ginnymarvin.
This marketing news is not the copyright of Scott.Services – please click here to see the original source of this article. Author: Ginny Marvin
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