5 Tips To Maximize Your Next Facebook Ads Strategy
Since its inception back in 2007, Facebook Ads has changed the way companies approach their online advertising strategies. Early on, many advertisers have tried and failed with Facebook Ads NOT because they were targeting the wrong audience, but because they did not fully understand the dynamics of this (non-search like) Ad platform. The confusion (still today) is due to the enormous traffic volume of users (which many of them disclosed their likes, interests, age, sex, race, political views, education, marital status, household income, etc…) that are skewing the overall performance which forces many advertisers into believing that Facebook is a scam. In this post, I will try to reinforce the notion that Facebook Ads can be successful for advertisers if they approach their strategies on a more micro-targeted level.
Over the years, marketers (like myself) started to change the methodologies of campaign structures just like we did with Google to obtain a good Quality Score. In March of 2014, Facebook rolled out a bunch of new features which seemed to model that of Google Adwords. Some of these updates included:
- Self-serve ad tool, Ad Sets, Ads Manager, Power Editor, 3rd party interfaces
Even before the adoption of Ad Sets, marketers started to realize that in order to “offset” the huge traffic volume and identify what was working and not working, they needed restructure everything at a Micro-level. This strategy of creating individual campaigns for each specific interest is what empowered many to re-think their expectations of what Facebook could do for them.
Below is a quick example of a standard Facebook Ads campaign that focuses on one specific audience. As you can see, we are focusing on Green Tea only (not Tea Drinkers in general). We are also segmenting Women-only as well as different Age Ranges which allows for a more granular understanding of interest and interaction.
#1 Why Micro-Targeting Works
In order to get the most out of your Ad dollars as well as identify winners and losers, micro-targeting is a must for every advertiser. Yes, it’s a lot of work and yes it requires many hours to set it up correctly. However, not investing in this time could cost you even more later down the line because all of the work that was done, can be utilized again in the future with little to no effort to update.
#2 Facebook Ads Creates Storytelling
Wouldn’t it be a great story to tell your CEO or client (Tea Company) that the majority of the FB conversions came from Single Women, 35-40, who live in Baltimore MD, and enjoy Pilates and Yoga. That specific piece of information was made possible by the micro-targeting created in Facebook Ads and quite possibly created a whole new level of both online and offline marketing strategies for years to come.
#3 Geo-Targeting Matters:
As mentioned in the storytelling example above, geography is a huge proponent of micro-targeting because of the different social behaviors that surround us. For example, advertisers that are interested in reaching a younger audience (25-35) that enjoy nightclubs and dancing, would be more likely to choose to target their ads in USA cities such as NYC, Miami, Las Vegas, LA, and Chicago instead of other locations that are not as likely to be interested.
#4 The Power of Indirect Targeting:
Lets assume that avid Tea Drinkers are also more likely to be fans of the Food Network and other TV cooking shows. With Facebook Ads, we have the ability to create individual campaigns targeting not only the Food Network, but also specific shows such as Man vs. Food, Barefoot Contessa and others… The fact that we can create TEST campaigns to see if those “in-direct” yet similar audiences could convert is a game-changer in all aspects of marketing.
#5 Why Timing Matters:
We are constantly being bombarded by news everyday coming from TV, radio and the internet. However, the one thing that is NOT constant is the “shelf-life” of the news story and that is where Facebook Ads (including all Social Media) provides a unique advantage for advertisers. For example, lets say the FDA (Food & Drug Administration) comes out with a study that says people who drink 2-3 cups of Green Tea everyday have a better chance to fight the symptoms of the common cold. This report obviously not only shines a positive light on the Tea Industry but it’s also fresh in everyone’s mind and when they see an ad for Green Tea in their Facebook Feed, they are likely to remember that news story about the health benefits and are more inclined to make an impulse buy.
Truth be told, Facebook Ads may not be a fit for everyone. While certain industries may thrive on having a social-friendly presence, many others will not find their target audience in that social environment. However, I implore that all advertisers/marketers to keep an open-mind when looking at Facebook Ads because there is more strategy potential than you think. In my opinion, FB Ads has become more a testing ground than a standard vehicle for website traffic. Facebook Ads may not be a GEM for everyone, but with an open-mind it could be a diamond in the rough.