This going to be a long one. Sit tight and enjoy. Hope this helps to those who don't know what to do etc.
Backstory: Since February I have set up Reddit ads for one of my clients. Awesome client, 10/10 product (I and my wife use it daily). In short he is in computer hardware space.
Test 1:
1 campaign, 3 adsets (TOFU, MOFU and BOFU), 10 creatives in each of them.
TOFU adset - various subreddits, not seen our ad, have not visited site in 90 days
MOFU adset - seen ad in 30 days but have not visited site in 90 days
BOFU adset - Visited site but have not purchased.
The idea was to repeatedly show ad in MOFU to test if their TOFU ads did not work properly.
Conclusion: Reddit default DAILY frequency is at 5 (want it lower - contact Reddit rep). What is the total frequency - God only knows. I did failed with too many ads in the same adset. Learned to have only 2-4 ads.
Test 2:
Controversial creative. Well... I don't want to tell you the details but if you know 1 girl on a couch and 5 guys behind her, you might know what I'm talking about. To be fair, the ad actually got a point across and it was liked.
Pro- it went viral on several subreddits. Con- not the best add to cart. Probably going to re-use the design tho.
Test 3:
Stopped creating new ads, reused 1 ad in different audiences. Whenever you create a new ad, you actually create a post. So if you make different ad in 10 adgroups, then that ad will be "divided". That means target audience X won't see what target audience Y has commented. The idea behind this is to increase people's interests in comments, thus engaging and making them more aware of our product and solutions.
Con- Reddit dashboard is kinda limited and if you already have 200 ads (like me) then you'd need to scroll.
Pro- 2x easier to create same ad in new ad groups and the same ad/ post will have more comments thus increasing engagement mroe.
Yes, I'm one of those psychos who open Reddit ads and engages with users.
Tes 4:
Targeting only Shopify best performing countries. This DRAMATICALLY decreased our web visitors, increased CPM but our conversion rate increased and decreased CPA. So it was all good.
Tes 5:
Each ad group targets specific subreddit. While this was pain in the ass to set up (account structure, creative and headline) it was worth cause at the moment I can easily see how each subreddit responds to different ad and I can easily create very specific ads based on your device that they are using.
Con- sadly you can't remove overlapping audiences but the CPM is so cheap that we can afford this.
Pro- getting comments about people asking how we know that they own such device (no, you can't target based on that specific criteria).
Test 6:
Additional placement. There are 2 types of placements - conversations and feed. Before that I was doing placement only in feed cause conversation placements, imho are crap. After browsing Reddit I started to noticed that it could technically be very great, if adjusted and used with adjusted creative and ad copy. Right now I'm sitting 50% cheaper CPM and 1/3 CPC compared to feed placement.
There are probably other tests that I did but can't remember. Either case after some of these ads, Reddit needed about 1-2 weeks to alghorithm pick up things again, so whatever you do BIG changes - do it slowly.
If you have any questions- let me know, will answer (no gatekeeping).