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Facebook ads – potential reach suddenly drops – cost shoots up

Hi All, I am facing this multiple times now in running facebook ads. All of a sudden the potential reach of an ad set dropped by 1/100th. (in the audience definition at the top right where fb shows if it is too specific or broad)

In the latest instance, when I created/started a campaign, the target reach was around 200,000. However after 2 days, the target reach is now showing around 2000. The lead cost also is very high. I am facing this second or third time now. The previous instances were for landing page conversion and the impressions would not increase and the ad utilized the budget very slowly - which i guess is due to the very small audience.

But in this case the ad just ate up the budget but no result.

Has anyone faced this?

I face other serious issues with fb ads, which I will make a separate post.

( 2 comments | on HN )
Re:Facebook ads – potential reach suddenly drops – cost shoo... by cande on Thursday April 08, 2021 @06:00AM (#26736949)
Have Experienced this, you probably have heard this before but I recommend organic growth, taking a look at niche networks or using better platforms with more intellectual audiences - like medium, quora, collaborate and Elevate, or Twitter
Re:Facebook ads – potential reach suddenly drops – cost shoo... by smartworld173 on Thursday April 08, 2021 @05:37AM (#26736823)
Yeah, I recently promoted an ads on facebook, the result of people reached is very low compared to what it was suppose to be, and my budget is gone