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Data from launching a brand new campaign using Target CPA bidding.

Published May 2024. Last updated July 2026.

Normally you wouldn't launch a new campaign using a conversion-based bid strategy. Instead you'd use maximise clicks or manual CPC till you'd got some conversions. (The actual number varies but 15-30 in the last 30 days is often cited.) After that you could change to a conversion-based bid strategy.

I tried an experiment launching a brand new campaign using the Target CPA bid strategy. In this case I thought that it was likely to be successful because:-

  • The account already has a lot of conversion data (> 95 000 leads over all time). We usually get around 1500 conversions (leads from a form or a call) a month.
  • The new campaign targets a similar demographic to the existing campaigns.
  • It's a reversible decision. If we didn't get traction in the first week I could change to targeting clicks.
  • The client trusts me and gives me wide latitude to manage the account as I see fit. If the launch didn't go as planned I wouldn't be under a lot of pressure to make it work right away.

Here are the results for the first week.

Day Impressions Clicks Conversions Cost Cost per Conversion
Tuesday 479 132 24 $623.95 $26.00
Wednesday 785 214 33 $1102.43 $33.41
Thursday 684 169 28 $862.68 $30.81
Friday 729 156 24 $886.90 $36.95
Saturday (half day) 385 81 9 $584.17 $64.91
Sunday (closed) 0 0 0 $0.00 $0.00
Monday 950 204 32 $1626.07 $50.81

I'm happy with the results and would use this approach again under similar circumstances.

For background, here are the main campaign settings:-

  • Budget: $1000/day.
  • Bid strategy: Portfolio version of the Target CPA bid strategy. Target CPA set to $100, max cost per click set to $10. (I've written about my reasons for using the porfolio version here.)
  • Schedule: Ads run only during the client's working hours.
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