Simplified creation of advertisements for objects maintained by a social networking system

1. A method comprising:

receiving, at a social networking system, a request from an advertiser to generate an advertisement associated with an object of a plurality of objects maintained by the social networking system, the plurality of objects including at least one object representing a page post;

retrieving, by the social networking system, information associated with the object;

generating, by the social networking system, the advertisement based at least in part on the retrieved information associated with the object, one or more elements of the advertisement based at least in part on characteristics of the retrieved information associated with the object;

determining, by the social networking system, targeting criteria for the advertisement based at least in part on the retrieved information associated with the object;

determining, by the social networking system, a budget for the advertisement based at least in part on the retrieved information associated with the object;

generating, by the social networking system, an advertising campaign including the advertisement associated with the object, the determined targeting criteria, and the determined budget; and

presenting the advertisement associated with the object to one or more users of the social networking system based at least in part on the advertising campaign.

2. The method of claim 1 , wherein determining, by the social networking system, the budget for the advertisement based at least in part on the retrieved information associated with the object comprises:

determining a conversion goal associated with the advertisement from the received request.

3. The method of claim 2 , wherein determining, by the social networking system, the budget for the advertisement based at least in part on the retrieved information associated with the object further comprises:

determining an expected return on investment associated with the advertisement based at least in part on the conversion goal.

4. The method of claim 2 , wherein determining, by the social networking system, the budget for the advertisement based at least in part on the retrieved information associated with the object further comprises:

determining a number of connections between the object and one or more additional objects maintained by the social networking system based at least in part on the retrieved information associated with the object; and

determining the budget for the advertisement using a function based at least in part on the determined number of connections between the object and the one or more additional objects and the conversion goal.

5. The method of claim 1 , wherein determining, by the social networking system, the budget for the advertisement based at least in part on the retrieved information associated with the object further comprises:

determining a conversion goal associated with the advertisement from the received request;

generating a plurality of budget options associated with the advertisement based at least in part on the conversion goal and the retrieved information associated with the object; and

determining a return on investment for each of the plurality of budget options based at least in part on the conversion goal.

6. The method of claim 1 , wherein determining, by the social networking system, the budget for the advertisement based at least in part on the retrieved information associated with the object comprises:

generating the budget by applying a machine learned model to at least a subset of the retrieved information associated with the object.

7. The method of claim 1 , wherein determining, by the social networking system, the targeting criteria for the advertisement based at least in part on the retrieved information associated with the object comprises:

identifying users of the social networking system connected to the object;

retrieving user profiles associated with each of the identified users; and

identifying one or more characteristics included in at least a threshold number of the retrieved user profiles as targeting criteria.

8. The method of claim 1 , wherein determining, by the social networking system, the targeting criteria for the advertisement based at least in part on the retrieved information associated with the object comprises:

identifying users of the social networking system connected to the object;

retrieving user profiles associated with each of the identified users; and

identifying one or more characteristics included in at least a threshold percentage of the retrieved user profiles as targeting criteria.

9. The method of claim 1 , wherein determining, by the social networking system, the targeting criteria for the advertisement based at least in part on the retrieved information associated with the object comprises:

determining one or more keywords from the retrieved information associated with the object.

10. The method of claim 1 , wherein the information associated with the object maintained by the social networking system is selected from a group consisting of: text, an image, a name, a type of object, a number of users of the social networking system connected to the object, a type of connection to the object, information associated with one or more additional objects maintained by the social networking system connected to the object, a network address associated with the object, a geographic location, metadata, information posted by one or more users of the social networking system, and any combination thereof.

11. The method of claim 1 , wherein an element of the advertisement is linked to the retrieved information associated with the object so the element is modified when the retrieved information to which it is linked is modified.

12. A computer program product comprising a non-transitory computer-readable storage medium having instructions encoded thereon that, when executed by a processor, cause the processor to:

receive, at a social networking system, a request from an advertiser to generate an advertisement associated with an object of a plurality of objects maintained by the social networking system, the plurality of objects including at least one object representing a page post:

retrieve, by the social networking system, information associated with the object;

generate, by the social networking system, the advertisement based at least in part on the retrieved information associated with the object, one or more elements of the advertisement based at least in part on characteristics of the retrieved information associated with the object;

determine, by the social networking system, targeting criteria for the advertisement based at least in part on the retrieved information associated with the object;

determine, by the social networking system, a budget for the advertisement based at least in part on the retrieved information associated with the object;

generate, by the social networking system, an advertising campaign including the advertisement associated with the object, the determined targeting criteria, and the determined budget; and

present the advertisement associated with the object to one or more users of the social networking system based at least in part on the advertising campaign.

13. The computer program product of claim 12 , wherein determine, by the social networking system, the budget for the advertisement based at least in part on the retrieved information associated with the object comprises:

determine a conversion goal associated with the advertisement from the received request; and

determine an expected return on investment associated with the advertisement based at least in part on the conversion goal.

14. The computer program product of claim 13 , wherein determine, by the social networking system, the budget for the advertisement based at least in part on the retrieved information associated with the object comprises:

determine a number of connections between the object and one or more additional objects maintained by the social networking system based at least in part on the retrieved information associated with the object; and

determine the budget for the advertisement using a function based at least in part on the determined number of connections between the object and the one or more additional objects and the conversion goal.

15. The computer program product of claim 12 , wherein determine, by the social networking system, the budget for the advertisement based at least in part on the retrieved information associated with the object comprises:

generate the budget by applying a machine learned model to at least a subset of the retrieved information associated with the object.

16. The computer program product of claim 12 , wherein determine, by the social networking system, the targeting criteria for the advertisement based at least in part on the retrieved information associated with the object comprises:

identify users of the social networking system connected to the object;

retrieve user profiles associated with each of the identified users; and

identify one or more characteristics included in at least a threshold number of the retrieved user profiles as targeting criteria.

17. The computer program product of claim 12 , wherein determine, by the social networking system, the targeting criteria for the advertisement based at least in part on the retrieved information associated with the object comprises:

identify users of the social networking system connected to the object;

retrieve user profiles associated with each of the identified users; and

identify one or more characteristics included in at least a threshold percentage of the retrieved user profiles as targeting criteria.

18. The computer program product of claim 12 , wherein determine, by the social networking system, the targeting criteria for the advertisement based at least in part on the retrieved information associated with the object comprises:

determine one or more keywords from the retrieved information associated with the object.

19. The computer program product of claim 12 , wherein the information associated with the object maintained by the social networking system is selected from a group consisting of: text, an image, a name, a type of object, a number of users of the social networking system connected to the object, a type of connection to the object, information associated with one or more additional objects maintained by the social networking system connected to the object, a network address associated with the object, a geographic location, metadata, information posted by one or more users of the social networking system, and any combination thereof.

20. The computer program product of claim 12 , wherein an element of the advertisement is linked to the retrieved information associated with the object so the element is modified when the retrieved information to which it is linked is modified.

21. The computer program product of claim 12 , wherein the computer-readable storage medium further has instructions encoded thereon that, when executed by the processor, cause the processor to:

receive an input specifying one or more components of the advertising campaign for the object to modify; and

modify the specified one or more components of the advertisement campaign based at least in part on the received input.