Do you want to get more out of Facebook
ads?
Looking for ways to make your campaigns
more cost-effective?
Some simple tactics can help you
maximize the performance of your Facebook campaigns, especially if you’re on a
tight budget.
In this article, you’ll discover
four ways to optimize your Facebook ad campaigns for better results.
#1: Combine Multiple Objectives in a Single Ad
If your business is relatively new or
has a small customer base, consider optimizing your campaign for
multiple benefits simultaneously. Although this practice is not recommended
for larger businesses that want to put all of their efforts into one objective,
optimizing for several objectives can be effective for small budgets.
In the ad below, a Facebook page with a
relatively small audience is trying to promote their page and encourage likes.
Notice they’ve included a link to their site and are using the ad to promote their
blog.
This ad promoting the company’s Facebook page includes a link to their website in the text.
This ad promoting the company’s Facebook page includes a link to their website in the text.
This tactic works well in this instance because the ad shows people that despite being small, this business has a website for customers to find more information. If people visit their website, it can help encourage trust in the brand, making users more inclined to like the Facebook page.
Including a link in an ad designed to
promote a page also lets people find out more about the content the business
shares. If users click on the website and find content they enjoy, they might
become long-term followers of both the page and website.
Keep in mind that this tactic can be
harmful to your campaign if your Facebook ads are optimized for two or more objectives or
have multiple objectives that don’t work in harmony (for example, app installs
and event responses).
#2: Take Advantage of Targeting Features to Refine Your Audience
To create a low-cost, high-performing
Facebook ad, you need to narrow down your target audience. This will help ensure
your ads reach the right people, giving you the best chance of success.
You’ll also avoid spending money serving ads to people who won’t be interested
in your business.
Define your target audience.
Here are the parameters to define within your ad set to optimize ad targeting.
Specifying a location in your ad set
lets you target people in a certain geographic areawho have
something in common with what you’re promoting.
For example, suppose that you have an
organic beauty business with multiple locations and you want to create an ad to
promote your Facebook page. If the ad is specifically for your Los Angeles
store, use location targeting to serve your ad to people in the Los Angeles
area who may already be familiar with your brand or are more likely to visit
your store.
Target Facebook ads in a specific
geographic area.
Now repeat this targeting for all of
your store locations. Tailor your ad’s text and imagery for each
audience to improve the success rate of your campaign.
An added benefit to location targeting
is it gives you a way to split test a campaign. If you separate
your ad sets by city, you can see which locations are responding well to
your ads and invest more of your ad budget into those.
Tip: Adding text like “Visit our LA store”
to your ad copy can help you target local
customers and increase the chances of people engaging with the
ad.
Age and Gender
Next, think about your buyer persona, which will include the age and gender of your
perfect buyer.
Use this information in your campaign
targeting by
specifying that age and gender. You want to serve your ads to people who might
be interested, as opposed to people with no connection to the products or
services you’re promoting.
If your in-house data shows that your
highest-value customers are females ages 18-30, use this information to enhance
your targeting efforts and show the ads only to people who share these traits.
Detailed Targeting
The Detailed Targeting section is where
you specify the behaviors, interests, and demographics of your ideal
customer. You want your ad to be shown to people who have already expressed
an interest in certain areas. These are the people who are more likely to
engage with and respond to your ads.
For your organic beauty brand, you want
to target people who have already expressed an interest in organic products.
Here’s a selection of interests and behaviors you may want to target.
Focus on user interests that are related
to what your business offers.
Connections
Depending on your ad objective,
you can also use connections
targeting, which lets you show your ad to people you
have a connection with on Facebook, such as people who’ve liked your page.
For your organic beauty brand ad, your
objective is to get new fans for your Facebook page, so exclude people who have
already liked your page in your targeting.
If you want to reach a new audience,
exclude people who already like your page.
Facebook also lets you target people who
like your page, and friends of people who like your page. Either option is
ideal if your campaign objective is to increase visits to your website or
encourage post engagement.
#3: Split Test to Shift Resources to Top-performing Ads
If you have a small ad budget, it’s
important to split test your
campaigns. This allows you to identify well-performing ads and adjust
your spend based on the results.
Suppose you’ve created four ad sets that
each target a different city. Your Los Angeles ad is performing well and
getting a cost per result (CPR) of $0.25, but your Chicago campaign is
running with a CPR of $1.32. Taking this data into consideration, it makes
sense to turn off the Chicago ad, or assign more budget to the Los Angeles
campaign, because that’s where you’re getting the best return on your
investment.
In the example below, the ad set with a
CPR of £0.03p has double the budget of the one with a CPR of around £0.25p. This
business can now invest more resources into the successful ads and get a higher
(and more valuable) return for their investment.
Review your ad performance and shift
resources to better-performing ads.
If you’re running a Facebook campaign
and have a small budget to work with, you should analyze your ads as
they run to help you minimize the chances you’ll waste money
on ads that aren’t performing as well as others.
#4: Add Special Offers to Prompt Conversions
Did you know that around 93% of shoppers have used a discount code or coupon in
the past year? Using special offers and discount codes is a classic marketing
technique to entice new and existing customers to buy your products or
services. Not only do offers help you boost sales, but they also give
the audience an incentive to buy from you.
The main objective of this Amazon Prime
campaign is for people to install the app through iTunes. To persuade them to
make the download decision, Amazon is offering a £5 off discount code for a
first-time purchase if they act quickly.
Amazon Prime offers a special discount
to the people they’re targeting in this campaign.
When you include an offer that
can be used only when people are exposed to your Facebook ad campaign,
you’ll be able to see how successful your ads were within your
customer database. If the offer with the code FB$10DISCOUNT gains 200 more
sales than one with $10OFF, you’ll know that the best way to promote sales
vouchers is through Facebook ads.
This tactic helps you identify the best
marketing tactics for your business and maximize your return on a small
investment.
As you can see, with a few tweaks to
your Facebook ads, you can get a better return on your investment.
What do you think? Do you use some of these tactics to get a better return on your Facebook ad campaigns? What tips can you offer? Please share your thoughts in the comments below.
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