I use almost all the default settings for my campaigns.
This is my Facebook Campaign Setup:
Campaign Level:
Buying Type: Auction
Campaign Objective: Conversion
Campaign Budget Optimization: On
Campaign Bid Strategy: Highest value or lowest cost
Ad Set Level:
Conversion Event Location: Website
Conversion Event: Purchase
Dynamic Creative: Off
Placements: Automatic Placements (Recommended)
Ad Level:
Photo Ad with Call To Action - Shop Now (Important).
My ad is very simple. Just a photo with a link to the product.
Like this:

I mostly use the default setting. Nothing fancy. Surprised? (lol)
That’s all for all setup. Easy, right?
Simple is BEST.
Now it’s time to scale!