So weird - anyone experience this weirdness on Facebook PPC???

Vendettta

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Hey guys, looking for advice from fellow people who buy FB ads.
For some reason, my costs are extremely high, and I want to do a mini case study explaining what I did, and hope someone can tell me what happened.

I started a new camp last night, I will focus on 1 ad that is the best performing.

Product:
  • Kitchenware product
  • Cost per sale: $25
  • Sweepstakes CC submit
  • US only
Targeting: (60mil-70mil population)
  • Women
  • 30+
  • US
  • Detailed interest targeting
    • 10+ interests ranging from cookware, baking, kitchenware, etc

Ad placements: (ad is a tiktok size video, but cropped when necessary, with text in the middle)
I chose only a few placements that I knew would fit - and are the most popular. But, did this make it much more expensive?
  • fb feed, fb video feeds, fb reels
  • insta feed, stories, reels
  • all audience network
  • nothing messenger placements

Stats:
1696875930850.png
Where "leads" is a LP Click.
But, that is actually false because 13 people made it to my offer page (no conversions yet)
So finally:
  • Ad CTR: 8.50%
  • LP CTR: 50%

This ad is CLEARLY resonating well with the audience.
I know ads that don't perform well - usually cost more.
But, this seems to be performing really well?
The reason I am so curious - I usually never do detailed targeting, and it seems very expensive.
Let me know guys!
 
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