My experience.
1. set up your first campaign To get started, log in to Reddit's Campaign Manager tool . You will need: a reddit account Ad copy (headline)
2.Choose your audience Carrying on to this point, you should create marketing personas. Considering the target audience, Reddit ads allow you to narrow down your search using several parameters: Interests Location
3.Set Budget You can set a maximum daily budget or a total campaign budget. Reddit ads are priced on a cost-per-thousand-displays (CPM) basis, which means that you pay X amount of money for every 1,000 displays. It's important to note that Reddit self-serve ads are valid in the second price auction. The highest bid from the target audience wins, but the price paid is the second highest bid plus $0.01.
4. choose your ad material At this point, you're ready to create and submit your ad for approval. Here are the final steps in creating your ad: Choose the type of ad - choose between a link ad or a text ad. You can also choose to enable comments for the ad