Gone are the day of spending
countless, exhausting hours setting up carefully constructed pay per click
marketing only to discover that all of your ads were pulled without notice, and
apparently without reason.
PPC (pay per click) marketing
is a high speed strategy for getting your advertisements in front of your
targeted market quickly, however with the risks involved with Google pulling
the rug out from under countless marketers by pausing their ads or worse,
BANNING their accounts without notice, it's become evident that anyone serious
about maximizing exposure for their advertisements while retaining FULL control
over your promotions needs to look for an alternative provider.
Facebook is currently used by
millions of users who log into their accounts every day to communicate with
friends and family, to network with businesses and to post updates on their
personal and business lives.
It's one of the fastest
growing sites online, with over 400 million user-created accounts and receives
a greater number of page views every month then even Google!
With this mass exposure and
incredible outreach, Facebook has quickly become the leading contender in the
paid advertising scene, giving anyone serious about marketing their business
the opportunity to tap into their target audience quickly, easily and most
impressively - CHEAP.
In comparison with
traditional pay per click marketing, the actual costs to advertise on Facebook
are well below industry standard, PLUS even more importantly perhaps, Facebook
actually has fewer advertisers then Adwords or other PPC marketplaces.
That means that you are have
less competition to worry about and will be able to reach your target customers
faster, easier and at a lower cost than with any other advertising network.
How
Facebook Advertising Works
With Facebook, their
advertising channels are based on DISPLAY rather than per SEARCH .
What this means is that
instead of users having to enter in specific search terms or keywords, your
advertisements will be trigger to appear based on the page content that the
user is reading.
Another factor that plays a
part in the advertisements that are shown to Facebook users is based on whether
they "vote" for current advertisements.
You see, with every
advertisement featured within the Facebook network, there is a 'thumbs up' icon
that appears below the advertisement that allows someone viewing the ad to
'vote' for it.
As a Facebook advertiser, you
will also be able to promote your products and services using images, a feature
that is not usually available within traditional PPC marketing.
Images are an incredible
asset in maximizing conversion rates because you can tailor the images used in
your ads to push the "right buttons" or pull at emotional triggers
that you know will have an impact on your average customer.
For example, if you were
placing an advertisement that offered a teeth whitening kit, you could place a
simple image of a "before" and "after" that offers the
reader with a visual aid that leaves an incredible impression.
Images can ultimately be one
of the LEADING motivators in getting targeted customers to click through your
advertisements and explore your offer.
So, how can you start
exploiting the popularity and massive outreach of the Facebook network to gain
maximum exposure for your business?
Here are a few tips to help
you get started:
Target
Your Advertisements
You want your entire
advertisement to be heavily targeted towards your average customer.
This includes any images that
are featured within your ads as well as the advertising text that is featured
below the image.
The more
carefully you create highly targeted advertisements, the better your ads will
perform, so make sure you spend a bit of time crafting your ads so that they
effectively target your customer base.
Create
Facebook Compliant Advertisements
Facebook wants to maintain a
user-friendly community and in order to do this they are very strict with the
types of advertisements that are allowed to be circulated throughout their
network.
Don't look at these
guidelines as a downside to using Facebook but instead, consider how this
quality control will HELP you create higher converting advertisements that are
genuinely targeted to your customer base.
Keep
An Eye On Your CTR
CTR which stands for Click
Through Rate and you want to keep an eye on how well your advertisements are
performing.
Your ads should never go
below 2%, and if you notice that an advertisement is starting to fall below
that level, you will want to tweak your advertisement and reconsider who your
advertisement is targeted to.
Are you asking the right
questions in your advertisement? Using the right image?
Make sure that you spend time
evaluating the effectiveness of your advertisement to generate maximum
conversion rates and avoid having your advertisements paused or removed.
Choose
The Appropriate Time To Run Your Ads
You can choose to run your
advertisements continuously throughout the day or based on specific start and
end dates. You will want to run your
advertisements throughout the day continuously, unless you need to pause it for
a specific reason such as if you are going away on holiday, or you find that
specific times of the day are converting better (based on the locations you are
interested in targeting).
Set
A Reasonable Maximum Bid
You will want to set a
maximum daily bid that you are comfortable with and fits within your budget.
Facebook will provide a
suggested maximum bid based on the content of your advertisement and your
targeting configuration.
Consider setting your maximum
bid slightly lower than Facebook's recommended minimum and adjust it as you
need to based on your advertisements conversion rates and overall exposure.
Choose
CPC Over Impressions
You can also choose to pay
for impressions or per click. It's
always best to choose CPC (cost per click) for the most part, especially during
your testing phase. You can always change this later on if you need to.
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