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Meta (Facebook and Instagram) campaigns start by choosing one of six objectives. Your choice drives the options you get for ad sets and ads (e.g. optimization goals, placements, and creatives).

Objectives

ObjectiveWhat it’s for
AwarenessReach the largest number of people who are likely to remember your ad
TrafficSend people to your website, app, or Shop
EngagementGet more people to see and engage with your post or Page
LeadsCollect leads for your business
App PromotionFind new people to install your app and keep using it
SalesFind people likely to buy your product or service

Bid strategies

StrategyDescription
Highest VolumeMeta optimizes to get the most results; no bid cap
Cost CapYou set a target cost per result
Bid CapYou set a maximum bid
Minimum ROASYou set a minimum return on ad spend (for sales)
Which strategies are available depends on your objective. Awareness only supports Highest Volume; the others support the full set (depending on optimization goal and destination).

Special ad categories

If your campaign is for Credit, Employment, Housing, or Social Issues / Elections / Politics, you must say so at the campaign level. Meta will restrict some targeting options as required by their policies.
CategoryWhen to use it
NoneMost campaigns
CreditCredit cards, loans, etc.
EmploymentJob ads
HousingReal estate, housing
Social Issues / Elections / PoliticsPolitical or issue ads

Budget limits

Budget typeMinimumMaximum
Daily$1$1,000,000
Lifetime$1$1,000,000