Meta Ads Report · Fair & Square AI · 6 to 12 Sep 2026

Strong First Day. The Leads Are Not Being Counted Yet.

Weekly report on the Shadow AI Checklist campaign for Fair & Square AI. The ads went live on 12 September after the account was cleared. This covers that first live day.

46/100
Setup health
Great ads, fix tracking

The one-line answer

The ads are working. The problem is we cannot yet count how many people are actually downloading the checklist. On the first live day the ads sent 438 people to the checklist page at just $0.13 a visit, with a click rate of 4.33% (over four times the usual Meta benchmark). But the page is set up to record only visits, not sign-ups, and the campaign is set to buy clicks rather than leads. So we have strong, cheap interest and no way to measure the leads. Fixing that is the single most valuable next step.

01

The numbers that matter

Spend · this week
$59
One live day (12 Sep) · 12,199 views · CPM $4.85 (low)
Checklist sign-ups MONEY EVENT
Not counted
The page records visits, not sign-ups, so this is 0 of 438
Cost per sign-up
Unknown
Cannot be measured until sign-up tracking is added
Visits to the checklist page
438
At $0.13 each · 83% of clicks loaded the page
Click-through rate
4.33%
Well above the 1% Meta benchmark · the ads land
Cost per click
$0.11
Very cheap · the creative is stopping the scroll
02

Which ads are pulling their weight

Three of the eight checklist ads were live on day one. Two are doing the heavy lifting: the Board angle brought most of the traffic, and the Personal accountability angle had the best click rate of all. The Auditor pressure ad is not landing and barely sent anyone to the page.

Visits to the page, by ad

12 Sep · who is bringing the traffic
0 125 250 375 500 383 53 2 V1 Board V6 Accntbl V4 Auditor

Click rate, by ad

12 Sep · higher is better · benchmark 1%
0 2 5 8 10 4.78 6.49 0.81 V1 Board V6 Accntbl V4 Auditor
Performing well Not landing
03

The journey, step by step

Here is what happened to the traffic on day one. Everything is healthy right up to the checklist page. The final step, the actual sign-up, is where we lose sight of people, because the page is not yet set up to record it.

12,199Ad views
reach 10,852 · frequency 1.1
↓ 4.33% click-through rate (excellent, over 4x benchmark)
528Clicks
$0.11 per click
↓ 83% of clicks loaded the page (healthy)
438Page visits
$0.13 per visit
sign-ups are not being recorded · this is the gap to close
0Counted sign-ups
not measured
04

The funnel, walked step by step

We followed a live ad through to the page and read every step. The page loads fast and the offer is clear. The one thing missing is a signal back to Meta each time someone signs up.

Shadow AI Governance Checklist
fairandsquare.ca/start
FIX TRACKING
Free
1Strong page: "You're already carrying $670K in AI risk you can't see." Free checklist covering ISO 42001 and the EU AI Act, with Aftab's 20+ years of enterprise risk credibility.
2The button "Download the checklist now" opens a short form asking for first name, email and phone number.
3After sign-up the checklist is delivered as a file to download.
The gap: the page only tells Meta when someone arrives, not when someone signs up. So Meta cannot learn who is likely to download, and we cannot see the cost per lead. The phone field on a free checklist also adds friction that can cost sign-ups.
The page is live and loads correctly (no broken link), and the base tracking pixel is installed. That means the fix is quick: add a sign-up signal to the existing pixel, we are not starting from scratch.
05

Campaign scorecard

One campaign is running, with eight checklist ads. Three were live on day one, five are still switched off. Judged on interest and cost, the traffic quality is excellent. The only column we cannot fill is sign-ups, because they are not yet tracked.

AdStatusSpendClicksCTRCPCVisitsVerdict
V1 Board angleLive$50.224444.78%$0.11383SCALE
V6 Personal accountabilityLive$8.32696.49%$0.1253SCALE
V4 Auditor pressureLive$0.59150.81%$0.042REPLACE
V2 Shadow AI behaviourOff$0.000n/an/a0TURN ON
V3 The 63 percent statOff$0.000n/an/a0TURN ON
V5 Inventory blind spotOff$0.000n/an/a0TURN ON
V7 Regulatory inevitabilityOff$0.000n/an/a0TURN ON
V8 Paper policy vs realityOff$0.000n/an/a0TURN ON

Almost all of the day-one spend went to two strong ads (V1 and V6). No spend was wasted on a dead link or a broken page. The only real waste risk is that we are paying for traffic we cannot yet measure.

06

Recommended next steps

Add sign-up tracking to the checklist page

This is the big one. Right now the page tells Meta when someone visits but not when they sign up. We will add a sign-up signal to the pixel that already exists, so every checklist download is counted. Then we can finally see the number that matters: how many leads, and at what cost.

Effort LowImpact HighestUnlocks lead measurement

Switch the campaign to buy leads, not clicks

The campaign is currently set to buy clicks. Once sign-ups are tracked, we will switch it to buy sign-ups. Meta will then focus the budget on the people most likely to download the checklist, which lowers the cost per lead over time.

Effort LowImpact HighImproves lead cost

Make the phone number optional on the form

The sign-up form asks for a phone number for a free checklist. On a first, cold visit that extra field costs sign-ups. Name and email is enough to deliver the checklist, and we can ask for the phone number later. This should lift the number of people who complete the form.

Effort LowImpact MediumLifts sign-up rate

Turn on the five paused ads

Only three of the eight checklist ads are live. Turning on the other five (Shadow AI behaviour, the 63% stat, Inventory blind spot, Regulatory inevitability, Paper policy vs reality) gives the test more angles to find the strongest one, and keeps the audience fresh.

Effort LowImpact MediumFinds more winners

Retire the Auditor pressure ad and back the two winners

The Auditor pressure ad had a click rate of 0.81%, far below the others, and sent only two people to the page. We will pause it and put that budget behind the Board angle and Personal accountability ads, which are getting cheap clicks and strong interest.

Effort LowImpact LowSharpens spend