Top 10 LinkedIn Tips on Mastering Objectives & Bid Strategies

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Ali Yildirim

Looking to increase your return on ad spend (ROAS) on LinkedIn?

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Your bidding strategy and campaign objective play a critical role.

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Here’s my 10 tips from over $10 million investment in LinkedIn paid ads.

(In no particular order, they all matter) 

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TABLE OF CONTENTS

Tip #1: The Power Behind Manual Bidding

Unlike automated bidding, which leaves bid amounts at LinkedIn's discretion, manual bidding allows advertisers to set clear cost boundaries. 

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This ensures that your campaign expenses align with your budgetary constraints and campaign goals, offering a level of precision that automated bidding simply can't match.

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By specifying the maximum amount you're willing to pay for clicks, the manual bidding places you in the driver's seat.

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The LinkedIn algorithm, while powerful, may not always allocate your budget most economically when given full control.

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Start collecting data quickly for your new campaign by bidding above the minimum threshold recommended by LinkedIn.

Screenshot showing manual bidding strategy on LinkedIn Ads, setting a bid of $20 for landing page clicks to optimize LinkedIn objectives and bid strategies

When to Consider Automated Bidding:

Automated bidding can be the best choice for specific situations, such as focused Account-Based Marketing (ABM) or retargeting campaigns with small audiences. 

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Once the campaign starts spending and there’s a benchmark, you can switch to manual bidding to regain full control. 

Tip #2: Fine-Tuning Your Bids

A successful manual bidding requires daily checks on your spending against your budget to avoid overbidding or underbidding.

This is a straightforward yet insightful process, comparing the previous day's spend against the current daily budget to adjust your bids for optimal performance.

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The Process of Bid Adjustment:

By subtracting your daily budget from the previous day's total spending, you gain clear insights into your bidding strategy's effectiveness. 

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A negative result suggests underbidding, where you're not fully utilizing your daily budget

While a positive result indicates overbidding, where you're potentially overspending.

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“Previous day spent - allocated budget = + number indicated bid is too high

The previous day spent - allocated budget = - number indicated bid is too low”

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One challenge of manual bidding is finding the sweet spot where your bid is high enough to consume your daily budget fully but not so high that it leads to inefficient spending. 

A humorous meme with a surprised cat illustrating the consequences of not adjusting LinkedIn bid strategies, resulting in overspending.
Side note:
If your audience size is too small, even a high bid will not cover the campaign’s full budget. 

Tip #3: Aligning Ad Type & Offer with Objectives

LinkedIn ad campaigns' success deeply depends on the alignment between the chosen ad type and the content you're promoting.

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Understanding the nuances of each ad + offer and matching it to the applicable objective is key to maximizing engagement and conversion rate. 

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Selecting the Right Ad Type for Your Objective:

Video Ads: 

When promoting video ads, gravitate towards the Video View or Engagement objectives. 

These objectives are designed to maximize viewership and interaction with your video content, making them ideal for capturing and retaining audience attention.

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Example of a video ad:

LinkedIn promoted post featuring a video ad encouraging users to tell their business story, highlighting LinkedIn’s video ad objectives.

Document Ads:

The Engagement objective tends to yield the most success for document ads, which include PDFs, presentations, and other downloadable content. 

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Keeping document ads ungated and focusing on engagement allows your content to reach a broader audience, enhancing brand visibility and thought leadership.

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Example of a document ad:

LinkedIn document ad from Siteimprove promoting a checklist for website redesign in seven steps

‍Single Image Ads:

Engagement and Website Traffic objectives can be effective when using single-image ads.

Your choice depends on whether your primary goal is to foster interaction with the ad or drive traffic to your website or landing page

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Example of a single image ad:

LinkedIn single image by Cognism promoting 17 cold call openers strategies

Tip #4: The Optimal Objective for Thought Leader Ads

If you're looking to boost your presence and authority on LinkedIn, thought leader ads present an attractive option.

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These ads turn organic content from individual profiles into sponsored messages, maintaining the authentic voice and personal touch that resonates with audiences. 

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These campaigns can achieve lower costs per engagement by leveraging the engagement objective, enhancing their effectiveness and reach.

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Understanding Thought Leader Ads:

Personal Touch: 

Unlike standard ads that originate from company pages, thought leader ads come from personal profiles, offering a humanized approach to advertising. 

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This method harnesses the inherent trust and relatability of individual thought leaders, amplifying their messages across targeted audiences on LinkedIn.

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As of March 2024, businesses can promote content from any connected user on LinkedIn with Thought Leader posts, as opposed to just verified employees.

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Seamless Integration: 

To the audience, thought leader ads appear as regular posts but with the added benefit of targeted reach and visibility. 

This seamless integration into the newsfeed portrays a natural engagement experience, hence fostering higher engagement rates compared to traditional ad formats.

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Implementation and Best Practices

The success of thought leader ads hinges on selecting organic content that has already demonstrated shares and engagement. 

By sponsoring high-performing posts, you capitalize on proven interest and ensure your ad budget is allocated to content with the highest potential return.

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Pro tip:
When creating a new single-image campaign, you can click “browse existing content” to find the post by searching for the LinkedIn member and sending a request for approval. 

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Since these ads will not be sent to a landing page, it’s best to place the intended page link in the first comment and pin the comment.
Screenshot from LinkedIn Ads interface for creating new ads or browsing existing content
LinkedIn interface showing the option to request approval for promoting a member’s post

Tip #5: When to Leverage Video Views Objective

When promoting video ads, selecting the Video View objective will increase the likelihood of getting the highest percentage of videos watched at the lowest cost. 

This objective is designed to maximize the number of views your video receives, optimizing for visibility and engagement among your target audience.

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Creative Specifications: 

For video creatives, the recommendation is to use a square format (1080x1080 pixels) and include captions. 

This format is not only visually appealing but also takes up the most space in the feed property.

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Cost Efficiency and Performance:

The cost for video views on LinkedIn typically ranges from 10 to 15 cents per view. 

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While this might be higher compared to other platforms like YouTube, which has been gaining traction in B2B sectors for its cost-effectiveness, LinkedIn's targeted audience can justify the investment.

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Best Practices for Video Campaigns on LinkedIn:

Starting with the lowest feasible cost per view (CPV) in your bidding strategy can help manage costs while assessing the content's performance. 

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Adjustments can be made based on initial results to find the optimal balance between reach and budget efficiency.

Tip #6: Match Your Content to the Most Suitable Objective

Understanding the type of content you're promoting determines the most effective objective and ad type for your campaign. 

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For event promotions, for example, certain ad formats have proven to yield higher results and drive registrations at a lower cost. 

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Let’s break down what type of assets yield the highest results for this example:

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Lead Generation Forms (LGF): 

The premier choice for driving event registrations. 

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Lead-gen forms provide a seamless and streamlined user experience, with pre-populated forms making the conversion process as frictionless as possible. 

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The convenience of instantly filling out forms within the LinkedIn platform significantly increases conversion rates for registrations.

Form submission page with fields for email, name, and company, linked to LinkedIn campaign objectives for lead generation.
Pro tip:
To improve the performance of LGF, it's best to keep the number of custom fields below three. 
While leveraging pre-populated fields can maintain high conversion rates, adding more than two custom questions or actions can deter completions. 

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Event Ad Format: 

This is one of the most effective ad types for event registries, but it is important to note that it cannot be combined with any of the conversion objectives. 

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Unique to this type of ad is the inclusion of social proof directly within the ad, such as the number of people who have shown interest or are planning to attend the event. 

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While its conversion rate may not match that of Lead Generation Forms, the added visibility and credibility from social proof make Event Ads a valuable tactic.

LinkedIn event ad promotion by DataGrail discussing business risk and privacy, focusing on LinkedIn objectives to drive event attendance.

Website Conversion: 

Directing users to a landing page for event registration is generally less preferred due to higher costs and lower conversion rates compared to previous tactics. 

Exceptions exist, such as directing traffic to a calendar link or for specific targeting scenarios, but overall, this method is seen as less efficient for event promotion.

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Design and Copy Considerations:

For campaigns opting to use landing pages, prioritizing copy over design is key. 

The hero section, or above-the-fold content, is critical in capturing user interest. 

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Ensuring message consistency between your ads and landing page, alongside efficient conversion tracking, will set you up for success.

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To learn more about landing page best practices, dive into the article below by Pedro CortĂŠs:

10 Proven Landing Page Tips To Boost Your Conversion Rates

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Pro-tip:
Streamlining Campaign Tracking with Dynamic URL Parameters:
LinkedIn's introduction of dynamic URL parameters at the campaign level presents a major leap forward in simplifying and enhancing tracking capabilities. 

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This feature allows marketers to set up the tracking once for the entire campaign, eliminating the tedious process of manually tagging each ad with unique UTM parameters. 
Interface for URL tracking parameters in LinkedIn Ads

Tip #7: Take Advantage of Document Ads

Document ads have proven highly effective for marketers looking to deepen engagement and build a robust retargeting pool. 

They typically have impressive click-through rates, often reaching 6-7% or higher. 

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The best results from document ads are seen when paired with the engagement objective. 

Users who interact with this ad type demonstrate a clear interest in your content, making them ideal candidates for subsequent, more targeted marketing efforts.

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For more information on setting up your first document ads, check out this guide provided by LinkedIn

Tip #8: Scale Conversions with Conversation Ads

Conversation ads offer a unique, direct method of engaging with your target audience by delivering messages right into their LinkedIn inboxes. 

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These ads are billed on a cost-per-send basis, making it crucial to manage bids effectively to maximize both reach and budget efficiency. 

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Start your bid as low as possible and make adjustments depending on how well it’s pacing.
A good starting point is a $1 bid. 

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Due to LinkedIn’s second-price auction model for convo ads, they typically keep the actual cost close to the average historical cost per send. 

This model charges you just enough to outbid the next highest bidder, not the maximum amount you're willing to pay.

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Adaptation to Platform Changes: 

Despite recent updates like the focus inbox change on LinkedIn, conversational ads have continued to perform well. 

The direct nature of these ads keeps them effective, maintaining their status as a top-performing ad type.

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Best Practices for Conversational Ads:

Because convo ads are more intrusive than other ad types, it’s important to ensure your targeting is precise. This precision prevents user annoyance and increases the likelihood of engagement.

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The content of your conversation ads should be compelling and offer clear value to a specific job function.

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Pro-tip:
The sender should resonate with the target audience for the highest credibility. 
Choosing someone with a similar job function or an industry expert/influencer can immediately boost credibility.

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For additional tips on convo ad’s best practices, check out this post by AdConversion

Humorous illustration of a man holding a skull and a smartphone with a skeleton on the screen, symbolizing the perfect pairing of sender and audience for effective LinkedIn conversation ads

Tip #9: Top 3 Objectives for Single Image Ads

Single-image ads are versatile and can be tailored to meet various objectives, but understanding which objective to prioritize can have a noticeable impact on the effectiveness of your campaigns.

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Lead Generation: 

The primary objective for many single-image ad campaigns is lead generation.

LinkedIn’s Lead-gen focuses on gathering user information through forms that are pre-populated with LinkedIn profile data, making it easier for users to submit their information without leaving the platform. 

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Engagement: 

The second most common objective for single-image ads is engagement. 

This objective aims to maximize interactions such as likes, comments, and shares. 

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It's particularly useful for increasing brand visibility and engagement within your target audience. 

Fostering interactions also enhances the organic reach of your ads through the network effects of user engagement.

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The visual appeal and message of your single-image ad should resonate with your audience and encourage interaction. 

Regular testing and adaptation of your ad creatives can help maintain high engagement levels.

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Website Visits:

The third objective focuses on driving traffic to your website or specific landing pages to achieve conversions. 

Whether your goal is to increase sign-ups, sales, or another conversion action, directing users to your website allows for more detailed tracking and nurturing of potential leads in your sales funnel.

Tip #10: When to Avoid Reach Objective (Brand Awareness)

Brand awareness, which prioritizes impressions and broad visibility, often comes under scrutiny due to its cost implications and lower engagement metrics compared to other objectives.

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The reach objective operates on a cost-per-impression (CPM) model, where you are charged each time your ad is displayed, regardless of user interaction. 

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This can lead to higher expenditure without the guarantee of equivalent engagement or conversions. 

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The inherent nature of paying for mere visibility rather than actionable engagement makes this objective less appealing for many advertisers seeking tangible returns on their investment.

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This objective is also inefficient for retargeting. 

Building retargeting audiences requires not just impressions but meaningful interactions that signal interest or intent. 

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The reach objective's focus on maximizing views rather than fostering engagement makes it less effective for gathering a meaningful contribution toward the retargeting pool.

Conclusion:

In this article, we covered 10 actionable tips for matching the most suitable objectives and bidding strategies to your LinkedIn campaigns.

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Whether it’s choosing manual bidding to control costs, aligning ad types with your marketing objectives, or understanding when to leverage specific ad formats, each tip offers a pathway to better performance.

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By implementing these top 10 tips, you can navigate through the complexities of LinkedIn paid ads with greater precision and efficiency.

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I hope you found this article insightful and that it leads to successful outcomes for your future campaigns.

If you’d like to reach out or get more tips, please connect with me via LinkedIn.

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Ali Yildirim
Want to level up your B2B advertising skill set?
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