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fbadsFacebook is making it a lot easier to measure the amount of new business you get from ads on the social media site, according to a new announcement from the company.

 

Facebook has always made it easy to see how your ads are performing in terms of clicks and views, but gauging actual sales from ads hasn’t been so easy. Now, a mew metric called ‘conversion lift measurement’, Facebook claims they can accurately measure the amount of business attributed to ads.

Here’s how conversion lift is measured:

  • When a Facebook campaign begins, two groups are created. One is a random test group of people that see the ads in the campaign, and the other is a control group of people that don’t see the ads.
  • Advertisers share conversion data with Facebook throughout the campaign. Facebook determines additional lift generated from the campaign by comparing conversions in the test and control groups.
  • Any increase in sales in the test group is the result of a ‘conversion lift’ provided by the Facebook ads.

The best part of online advertisement is being able to track nearly every aspect of your advertisement’s performance, but there are still gaps where marketers have had to rely on faith and intuition. Thanks to conversion lift measurement, there’s now one less blind spot.