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Facebook Ads to
Drive Growth
A powerful tool for marketing your business at different
stages of the sales funnel.
Intro
It’s no secret that Facebook Ads are a powerful tool for marketing
your business. As of March 2016, more than 3 million companies
were taking advantage of the platform, and their spending
represented 19% of the $70 billion spent worldwide on mobile
advertising.
That said, I’m not going to use this guide to tell you how to
set up Facebook Ads or showing you all of the platform’s various
features – you can find that kind of technical ‘how-to’ info
anywhere – and I’m not here to rehash something you can find
elsewhere online.
In practice, Facebook Ads are one of the best growth drivers for business –
possibly one of the best growth channels in general – thanks to the
unprecedented level of control the network’s extensive social data offers when
it comes to demographic and psychographic targeting.
The Facebook Ads platform is often lumped into the general pay-per-click
category with another popular platform – Google AdWords. And although they
share some features, advertising on these two platforms requires a very different
approach.
In this way, Google AdWords is essentially the ‘easy way out’. Searchers are
already showing interest in what they’re searching for (and what you’re selling).
Facebook Ads, on the other hand, are a little more complicated.
Resolving this potential conflict comes down to your ability to identify intent. In
fact, I’d argue that intent-based targeting is the most important factor in making
your Facebook Ads successful, while the ads you create are secondary, based on
the audiences you’re targeting.
The Converse shoes ad campaign we talked about earlier, for instance, would be
out of place if the Facebook user hadn’t expressed any interest in a purchase.
You can see how it’d be significantly more welcome if the user had just finished
searching Google for Converse shoes.
With Google AdWords, intent is indicated within the search itself. On Facebook,
your path to advertising success is more complicated. In addition to identifying
intent, it’s up to you and the ads you create to build relationships and stoke
desires – all within an environment users would prefer to be free from
advertising messages.
When you launch ads on Facebook, one of the first choices you’ll have to make
is what specific audience you’ll target. You have three options for targeting your
ads by audience characteristics:
Custom Audiences
Lookalike Audiences
Core Audiences
Let’s take a look at each of these in more detail to see how they can be used to
measure intent.
Custom Audiences
Facebook Custom Audiences let you leverage your existing customer data to
target your ads towards your current customers or to people who have had some
type of measurable engagement with your brand.
Some estimates put the cost of attracting a new customer at five times more
expensive than selling again to an existing client. This is why Custom Audiences
perform better than other types of ads; you’re able to use them to reach people
who already have a relationship with your brand.
Users who have visited your website (based on Facebook Pixel tracking
data)
Ads based on these segments will perform better than ads marketed to more
arbitrary Core Audiences, as you can use them to reach those who are already in
your funnel and who have demonstrated some type of buying intent.
Customers who have purchased more than three times with you (these are
the people who are most likely to buy from you again in the future)
Those who visited your shopping cart but didn’t buy (in order to offer a
cart-completion reminder or incentive)
Those who have a specific leadscore in your CRM system (based on how
much they’re engaging with your email marketing and website)
The hottest leads in your pipeline, securing conversions that might other
wise go to your competitors
People who purchased something from you in the past (in the hopes of
re-activating them for future purchases)
The list goes on, but these examples alone should get you thinking about all the
different combinations of website, email, app and phone data you could use to
target your ads. Just remember: Custom Audiences are where you’ll generate
leads and/or sales.
When plugged into his system, Ramondo claims to have been able to create ads
built around these Custom Audiences that have driven $163,969.49 in 43 days, off
a $5,989.09 spend.
Lookalike Audiences
Charlie Lawrance, writing for Social Media Examiner, describes four types of
Lookalike Audiences Facebook marketers should try:
To create a Lookalike Audience, you’ll take the same customer list, retargeting/
website data, Facebook connections or app data you used to create your Custom
Audiences and ask Facebook to create a Lookalike Audience comprised of users
who share similar qualities and characteristics.
When you’re creating your Lookalike Audience, you’ll be given the opportunity
to choose between a 1% and a 10% match (based on an individual country’s
population on Facebook), as well as to specify a target country where you’d like
leads to reside.
Lower-percentage matches (starting at 1%) pull the leads that are most
similar to the members of your Custom Audience.
You may find that the demographics of your Lookalike Audience don’t match
what you expected from the makeup of your Custom Audience. Facebook
software engineer Ben Savage talks about how the way Lookalike Audiences are
created influences the final grouping in an article on the SumDigital blog:
The key to making Lookalike Audiences work is to use the cleanest data source
possible so that Facebook’s algorithms will match your audience with the right
people. As a rule, it’s always better to use a smaller, more accurate source of
audience data than a larger, inaccurate list.
Now, here’s how Lookalike Audiences can work in the real world…
Wellness coach Kathleen Kastner decided to try Facebook Ads marketing around
the same time that the platform was rolling out stricter restrictions on what
kinds of language could be used with regards to promises of weight loss.
According to Lakhani, the campaign was able to achieve a CPC of just $0.65, a
relevance score of 10/10 and a CTR of 5%, beating the industry average of 1-2%.
Location
Demographics
Interests
Behaviors
Connections
Location-based audiences
These are defined by users’ locations within established country, state, city or
postal code boundaries. Local businesses might use these targeting features to
ensure their ads aren’t displayed to those outside of their geographic areas,
while e-commerce sellers might use them to exclude buyers who live in
countries they don’t ship to.
On Facebook these might encompass age and gender, but might also include
things like education, employment, household/marital status and other lifestyle
details (such as generation or ethnic identification). Some of these targeting
options are only available within the U.S.; others are open to marketers
worldwide.
Interests-based audiences
Behaviour targeting
Finally, Facebook Ads can be targeted to people who already have connections
with your business. This could include people who have Liked your page, those
who attended a past event of yours or those who interact with your Facebook
app.
All of these targeting options have their place, but Core Audience targeting
is generally the least effective type of targeting. When you use Core Audience
targeting, you’re targeting by characteristics – not necessarily actions or
intent. Just because somebody likes ‘running’ as an interest, for example,
doesn’t mean they’re necessarily interested in purchasing running shoes at
the time.
Narrowing down your Core Audience with multiple behaviors and interests (now
possible, thanks to Facebook’s conjunctive targeting feature) can help.
Take the example of fitness pro Mary E. Fernandez, who used Facebook Ads to
promote her pregnancy fitness program, Bumpstart.
In her words, the most important factor contributing to her success was her
ability to leverage Facebook’s behavioural targeting features:
Another example from VeeRoll shows how Core Audiences can be combined
with Lookalike Audiences to achieve even greater results.
As part of their campaign, VeeRoll offered new subscribers a 30-day free trial
to the PRO version of their video ad marketing tool.
At the end of the campaign, VeeRoll had attracted 122 new trial customers in two
weeks, with an ad spend of $2,500 – all thanks to the power of Facebook Ads’
targeting options.
Build Core Audiences off of any demographic data you have, narrowing
your target audience as much as possible
You may not even need to use this many steps. You may, for example, find that
creating Custom and Lookalike Audiences based on your existing customer
data drives enough conversions to meet your advertising goals or uses all the
budget you have to allocate to Facebook Ads.
However, if you’ve taken the first step recommended here – building Custom
Audiences off your customer data – and want to take your campaigns further,
move on to the remaining steps in order to scale your results.
Let’s briefly break down each of these funnel stages before jumping into what
they mean for your Facebook Ads campaigns:
After sales, the advocacy funnel stage involves turning new customers
into brand advocates who like your offerings enough to refer other new
customers to you.
For the purposes of Facebook Ads, we’re really only concerned about the
stages starting from awareness (we can skip exposure since, for the most part,
your Facebook Ads will be asking people to take action. In a sense, they’re
combining exposure and awareness into a single funnel stage – one that
involves both introducing your brand and encouraging new prospects to learn
more about it at the same time).
Awareness
Targeting Options to Use
When you’re attempting to reach consumers who are unfamiliar with your
brand, but who may be good candidates for your products or services, you really
only have two targeting options:
Core Audiences
Any customer data, retargeting or engagement data you have, upon which you
can build Custom Audiences, you’ll only have from people who are past the
awareness stage in your funnel.
Asking new prospects to make a purchase is akin to asking your first date to
marry you. Nobody wants to be rushed into a new relationship so quickly!
Instead, you’re better off with ad content that proves your value – ideally, content
that’s given away for free and that immediately sets your business apart from
others. This may include:
‘10X’ content (that is, content that’s 10 times better than anything the
competition has published)
Informative videos
Remember the cardinal rule here as you’re planning your awareness ads:
value, value and more value.
In later sections of this guide, exposure and awareness ads are discussed
together, as they’re often quite similar in practice when it comes to Facebook
Ads.
Consideration
Targeting Options to Use
Because the consideration stage involves leads who have initiated some type
of engagement with your company, you’re able to use more targeted audience
segmentation options, including:
Email list subscribers (from past lead magnets, free trial opt-ins, etc)
Using data from past customer purchases to create Custom Audiences can be
particularly powerful in this case. Although the people viewing your ads won’t
yet be customers-based on their funnel stage-setting up your targeting in this
way can help you catch the leads who are most likely to progress to making
sales.
Lookalike Ads are useful here as well because Facebook has matched the
audience with your existing customer data, making them more likely to convert
than any other non-Custom Audience.
What to Promote
The benefits promoted by ads at this stage should be geared towards moving
users towards an eventual purchase. Depending on how complex your sales
process is (or how resistant to advertising your audience is), this may take a
number of different forms:
‘10X’ content
Informative videos
Coupon codes
If the goal of your paid Facebook Ads campaign is to drive actual conversions,
you’ll need to be especially tight with your audience targeting.
People on Facebook aren’t there to shop. They’re there to relax, unwind and
connect with the people in their lives. Asking for a conversion – whether that’s
a sale, a trial subscription or something else – requires that you only reach out
to leads you believe are primed and ready to take action.
For this reason, you’ll want to limit your targeting to the following:
Skip Core Audiences or Lookalike Audiences in this case, as you won’t be able to
ensure that they’ve had the necessary exposure to your brand to be receptive to
ads asking for a conversion.
You also won’t know whether or not they’re ready to buy, as you’ll have no
behavioral data to suggest that.
Tie your conversion ads to the specific products or services your data tells you
your leads are already interested in, including:
Prompts that drive ad clicks to landing pages where your sales team can
capture leads (generally, in exchange for some incentive)
Advocacy
Targeting Options to Use
There are a few ways you can use Custom Audiences to find these people:
Create a Custom Audience that includes your top 20% customers, based
on sales volume
Again, this isn’t a place to use Core Audiences or Lookalike Audiences, as it’s
only paying customers that are likely to become advocates for your company.
Once you’ve identified your top customers for your advocacy ad campaigns,
consider any or all of the following promotion types:
Be cautious when using this type of promotion. Given people’s natural tendency
to be suspicious of promotions in their social spaces, it’s best used when
you’re confident that the people who receive your messages will be receptive to
becoming advocates.
Relationship Building
Targeting Options to Use
What to Promote
Exposure/Awareness
Ad content to try:
‘10X’ content
Marketing videos
Ad content to try:
‘10X’ content
Marketing videos
Case studies
Lead magnets
Conversion
Ad content to try:
Free trials
Paid trials
Paid subscriptions
Lead magnets
Ad content to try:
Referral marketing incentives (or better referral marketing terms for top
advocates)
Exposure/Awareness
Ad content to try:
‘10X’ content
Marketing videos
Ad content to try:
‘10X’ content
Marketing videos
Case studies
Lead magnets
Conversion
Ad content to try:
Pushes to lead-gen
landing pages
Pushes to webinars
Image: SmartBlogger
Ad content to try:
E-Commerce Sellers
As an e-commerce seller, your primary goal is to push product (or to get
prospects to a place where they’ll be receptive to your promotions). The
following ad types will be best suited to your purposes:
Exposure/Awareness
Product introductions
Product reviews
‘10X’ content
Influencer/experiential content
Consideration
Ad content to try:
Product reviews
Product comparisons
EX: STROPS, a Slovakian fashion e-commerce seller, split tested the two ads
below to encourage viewers to learn more about their Converse sneakers:
Ad content to try:
Product sales
Coupon codes
EX: Adrianna Papell’s ad gives a brief, visual overview of the company’s product
line:
Ad content to try:
For complete instructions on how to set up this type of ad, check out Shopify’s
complete article.
Before actually running promotions for the course, Hubbard carried out a
‘pre-launch’ series of Facebook ads to build up Moazzez’s subscriber list. When
the two were ready to promote Moazzez’s course, Hubbard organised his
Facebook Ads into groups targeting four types of warm traffic:
All of these audiences were sent through to a landing page for the course, using
the ad below:
Upon the close of Moazzez’s shopping cart, Hubbard’s campaign had generated:
Your Facebook Ads CTA may involve encouraging viewers to opt-in to your
email lists. If you do so (or if you want to use these sequences for other
marketing purposes), create different series with messages that are tailored to
the specific funnel stages your ads are tied to. Our Ultimate Guide to Email
Sequences gives a great overview on how to do this effectively.
Once you’ve gone to the effort of creating and testing different Facebook Ads,
use the assets you’ve created on other networks, as applicable, to maximise
their ROI. You could, for example, run the same retargeting ads you’ve built for
Facebook on the Google Display Network. Keep in mind, of course, that ads may
run differently on different networks. You could also use search retargeting for
each funnel stage. Use your Facebook Ads as a starting point, but don’t forget to
test and iterate as needed.
Set up your ads so that your campaigns are automatically adjusted based on
how people interact with your site. For example, when somebody visits your
sales page, your ads should automatically change to start showing them
conversion ads.
Think holistically and watch for any indication by your customers that your ads
are inappropriately targeted. Your campaigns are living, breathing entities, and
it’s up to you to make the changes needed to make them successful.
Don’t let that deter you. Thanks to Facebook’s extensive audience targeting
options, the platform gives you the unique opportunity to both target users at all
stages of your sales funnel and to adjust the messages they receive as they move
through your sales process.
Think smart, and focus your efforts on the right areas to stand out. With the
information I’ve shared in this guide, Facebook Ads can be one of those areas.
Are you using Facebook Ads to drive business growth? Do you map your
campaigns to sales funnel stages? Either way, share more about your experience
and the tricks you’ve learned by leaving me a note.