Still running conversion campaigns with a depleted pixel
Conversion campaigns optimised on pixel purchase events are working with roughly 40-50% of the signal they had in 2020 for Australian advertisers. The remaining signal is modelled by Meta's Conversions API and the Advantage+ Shopping algorithm. Brands that have not transitioned to Advantage+ Shopping campaigns, enabled the Conversions API through Shopify, and supplemented pixel audiences with first-party email list uploads are running campaigns that optimise on incomplete data. This is not a reason to abandon conversion campaigns entirely, but it does mean creative quality and audience diversity must compensate for what precise pixel data used to provide. We audit current pixel and CAPI setup, configure Conversions API if absent, and rebuild campaign structure to perform in the current signal environment.