Facebook Ads are one of the most cost-effective ways to build awareness and interest in your product. Facebook allows you to tap into its network to
We’ve all spent money on FB to get more traffic to our websites or to just get people in our doors for a great meal. The problem is most of us have created an ad and spent a lot of money just to only have people “like” the post and never buy anything. It can drive us crazy but you are not alone and we can fix this.
The main reason Facebook Ads fail is because the targeting for the ads are too broad. People try to create one ad or campaign that will cover the entire market group.
They have different buying habits and will be motivated by different things. If you try to cover everyone in the same group the ad actually pushes people away because something feels wrong to the people it doesn’t match. They it interests them so they hit the “like” button but the ad doesn’t speak to the person in a way that makes them purchase your item or service.
Create multiple ads for each market group, for each goal or objective you have and for each “hook” (or message/idea that pulls people in)
Use this list when creating ads.
The nest Question is How Many Groups do You Need?
To decide how many groups I look at my budget. At TMV – Social Media Management after we define our campaign we start small so we can scale profitably. We run ads for 2 weeks at 1$ to 10$ a day for each group and hook we do one ad, so if we have 3 groups and 3 hooks that’s 9 ads or 126$ to 1,260$ per run.
This will show us which ads are actually converting at a rate high enough to scale up in advertising budget. We look for a 30% conversion to sign up as leads and then a 1% conversion to final purchase before we are ready to scale. That would equate to each ad 1$ per day apx. 500-1000 will see the ad a day 7,000-14,000 per 2 weeks. With 30% conversion to leads, 2,100 – 4,200 leads and then 21-42 final purchases. These are easy numbers to get to with proper optimization and time.
The Power in doing it this way allows you to perfectly match from start to finish what each group of potential buyers needs to see to click-through the ad and move through the conversion process.
Now you have a small plan of action in how to roll out any product or service, the key is keeping your groups of buyers in mind through the entire process.
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