The NEW Way to run TikTok Ads in 2024

Introduction

In this article, we will discuss the latest method for running TikTok ads in 2024. We will walk you through the exact steps to generate significant profits from your ads on TikTok. This method has been proven to be successful, with the author generating $74k in revenue in just one month. We will cover the profit and loss analysis, as well as provide a step-by-step guide on how to scale your ads from day one to achieve substantial returns.

Profit and Loss Analysis

The author starts by sharing their profit and loss figures to demonstrate the effectiveness of their method. In a single day, they generated $7,100 in sales, resulting in a net profit of$2,000 with a margin of 28%. In September alone, they achieved 2,000 orders, $74k in store revenue, and a net profit of$22k. These figures clearly indicate that the method outlined in this article can be highly profitable.

The Testing Phase

To start with TikTok ads, the author emphasizes the importance of testing. They explain that during the testing phase, it is crucial to have at least one ad group that generates a sale. They recommend having multiple ad groups with different videos to determine which one performs the best. Each ad group is allocated a specific budget, and based on the results, the underperforming ad groups are shut off. The goal is to find a video that generates at least one sale or three or more add-to-carts. Once this criteria is met, it is time to move on to scaling.

Scaling Your Ads

Once a winning ad group is identified, the author explains how to scale it up for maximum profits. They introduce the concept of Campaign Budget Optimization (CBO), where the daily budget is increased based on the number of sales. Every three sales, the budget is doubled. They provide a step-by-step guide on setting up a CBO campaign on TikTok ads manager and advise duplicating the winning ad group multiple times to further increase revenue. They stress the importance of resetting the budget back to the initial level of $100 at midnight to maintain control over ad spend.

Keywords

TikTok ads, 2024, profit and loss analysis, scaling, testing phase, campaign budget optimization, CBO, revenue, net profit, sales, ad groups, video performance, budget allocation, add-to-cart, campaign setup, ad duplication, ad spend control

FAQ

1. How effective is running TikTok ads in 2024?
2. What is the importance of the testing phase in TikTok ad campaigns?
3. How does Campaign Budget Optimization (CBO) help in scaling TikTok ads?
4. How often should the budget be doubled in a CBO campaign?
5. What is the significance of resetting the budget at midnight in TikTok ads?
6. How can I ensure maximum profit margins from TikTok ads?

In conclusion, this article provides valuable insights into the NEW way to run TikTok ads in 2024. By following the outlined method, advertisers can achieve significant revenue and profit margins. Proper testing and effective scaling techniques are emphasized, along with the importance of Campaign Budget Optimization. By implementing these strategies, advertisers can maximize the potential of their TikTok ad campaigns and achieve substantial returns on their investment.