Today we will be discussing how effective Facebook ads are. Social Ads or social network advertising are a fast, effective and economical way to reach your potential audience. These social platforms have a lot of information about users and advertisers can use it in their favor to make very successful segmentations in their campaigns.
If your brand does not use this type of advertising yet, you are missing out on a great opportunity to connect with your audience. With more than 2 billion active users, Facebook represents huge potential, making it one of the most interesting networks to start experimenting with your ads. In addition, it is one of the most customizable and visual solutions, all with a very low CPC. To encourage you to try, in this article I want to share with you how effective Facebook ads are and everything you need to know about Facebook ads.
Before you make a judgment on “are Facebook ads are effective?”, lets first go through and show you what it is, and how they work.
What is advertising on Facebook or Facebook Ads?
Facebook, the most popular social network in the world, has a very powerful advertising platform with endless options, so many that it is normal to feel overwhelmed in the first contact, from the option of remarketing to improve your e-commerce income to get more leads for your landing page.
The first thing you need to know is that you can show your ads in four different locations:
- Within Facebook itself. The ads will be shown integrated with the latest news section of the user, next to the publications of his friends, as well as in the right column of the user’s browsing page.
- On Facebook Messenger, The newest advertising option on Facebook is the launch of ads through its Messenger chatbots for brands. To prevent spam, these ads can only be published in conversations already initiated by the user.
- In Instagram. The purchase of Instagram by Facebook meant the integration of both advertising platforms, opening the way to endless possibilities.
- In Audience Network. This network allows expanding advertising campaigns beyond Facebook, reaching selected audiences through applications, mobile websites, instant articles, and videos.
In all cases, ads can be shown on both mobile devices and computers. In addition, it is possible to create a single ad for multiple platforms.
Another important classification to understand advertising on Facebook is the advertising objectives. When creating a new ad through its tool, you must select a goal for your campaign. These are grouped into three main sections: recognition, prestige, and conversion.
Within recognition, we can select the following options:
- Interaction with the publication: to promote the publications of your company page.
- Like the page: to increase your fan base.
- Local dissemination: to advertise your company to people who are close to it.
- Brand awareness: to reach the people most likely to be interested in it.
- Reach: to reach as many users as possible.
The prestige section has the following objectives:
- Website clicks: to attract users to a destination on or off Facebook.
- Application downloads: to get more users in your mobile app.
- Responses to events: to go further with your events.
- Video reproductions: to promote your audiovisual content.
- Generation of potential customers: to capture lead data, for example, emails from people interested in your company.
And finally, within conversion we have the following types of ads:
- Conversions on the website: to contribute to your overall conversion goals, such as online sales.
- Interaction with the application: to get users to interact with your app.
- Offers requests: to promote your offer.
- Product catalog sales: to automatically display products from your catalog based on the target audience.
- Visits in the business: to get more people to enter through the door of your store.
Another factor to keep in mind to unravel the universe of Facebook Ads and its effectiveness is that there are several possible ad formats:
- Photo ads: a simple, but the very visual format.
- Video ads: use images, sound, and movement to tell the story of your brand.
- Sequence: Shows multiple videos or images in a single ad.
- Presentation: lightweight video ads that allow you to connect with people with different connection speeds.
- Canvas: a personalized advertising experience for mobile phones with great loading speed.
If you take into account all the possible combinations of the above options, then you will see the enormous potential of Facebook Ads to adapt to all types of brands and situations.
Who needs Facebook ads?
Despite the fact that many competitors have emerged since its creation, Facebook remains the most important social network on the Internet on a personal level.
But also, at the corporate and advertising level, Facebook is even more interesting for companies that decide to use it as a means to promote their products and services.
Advertising campaigns on Facebook are great advantages for SMEs and Startups that sell to the final consumer
Advertising on Facebook can make known the brand, services, and products of many types of companies, from multinationals such as Nestcafé to the small business in the corner of your home.
Are Facebook Ads effective may not be the right question as you are starting to realize, but maybe asking yourself if they are needed in your niche should be the real question.
How much to spend on Facebook Ads to get results?
Surely on many occasions, you have wondered what the budget should be that your company must invest in advertising on Facebook to get good effective results. It is really complicated to give a specific figure since it depends on several parameters, and for them I want to talk to you about a technique that you can follow to know what you have to invest in each moment on Facebook, and that is based on different own tests that I have done and third party data. You can also measure your Facebook ad campaign performance.
As I told you, the answer mainly depends on your sales funnel.
There are different types of sales funnels, but we are going to rely mainly on three:
- Direct sale.
- Educational content.
- Direct lead acquisition.
- A) Direct sale
If your ads lead directly to the sales page to buy your product or services.
This is usually done to impulse purchase products, that is, that have a price below € 50.
- B) Lead acquisition
In this case, we would show the ads to people to download our lead magnet directly.
In this way, we filter the people who may be more interested and then show them the sales announcements.
- C) Educational content
What we would do here is add an initial step to take our target audience to a blog article or a previous educational video.
This funnel is longer and is usually used when the client’s level of awareness with their problem is not high.
While the rest of the funnel would be as in the previous case.
By default, Facebook will mark you a budget of 4 euros/day when you launch a campaign from scratch. You should not deviate much from this initial data. If you have a small budget you can put it at 2 euros but do not lower it anymore because otherwise, you run the risk that the campaign will not start. What do you have to know about how Facebook consumes the money you want to spend?
- Facebook will always try to spend your entire budget regardless of the effectiveness that this generated. A high budget usually has a lower ROI by default than a low one.
- With little budget, Facebook is more careful. I assume that the long tail of advertisers must add up an important part of the income of the platform. To keep spending money on a daily basis, Facebook tries to get the most out of these 2-4 euros a day.
- The results are not stable. Since the audiences are small to obtain an optimal result, you can reach your entire target audience in a few days. You have to constantly renew campaigns and audiences for optimal performance.
Advertising on Facebook has a ceiling. For direct sales campaigns, you will not be able to continuously increase budgets waiting for stable results. If you are looking for branding you could reach many people. Before starting to spend you have to be very clear about your goals.
As you can see, it is not so easy to give you an exact figure of how much you should invest in Facebook Ads, but still, I did not leave you with the question on the air
How good and effective is Facebook ad and Its Benefits
Facebook Ads are possibly the best and most effective way to advertise invented to date. Therefore, other platforms are copying their model.
Advertising on Facebook will generate traffic to the page or the web and will allow us to reach a target audience that would not otherwise be possible.
- Advertising on Facebook allows us to segment as never before possible: by cities, sex, age, interests, marital status… And the more segmentation we do in our campaign, the better.
- And that segmentation will turn our advertising into useful and relevant information for the user experience. If an individual is interested in sports and our ad is precisely seen by that user, we are relevant!
- It is the first time that we can make the user’s circle of friends to recommend our advertising. If a friend has already clicked, he has more credibility. According to Facebook, up to 70% more effective!
- Now the user has the power. If you don’t like an ad, you can block and report it. So let’s be careful and don’t saturate or make irrelevant ads. And this will not be a bad idea when YouTube has already copied it.
- And finally, it allows you to make ads that fans of the competition see. It seems incredible, but it is so. Mind you, what is not possible is to create ads that only appear on the competitor’s fan page!
So when you ask yourself “are facebook ads effective?”, it should be how am I going to implement Facebook ads into my business, because the competition is growing by the day on Facebook, and it has shown that it gives you every avenue to make your business successful when it comes to ad creating.
***Question of the Blog: Are you using Facebook Ads? if so, how effective have they been for you? ***
The importance of social media is growing by the day, and there is no sign of slowing down. Any business will tell you that referral business is always the best kind of business, but loyal customers is what your ultimate goal should be. We will cover in depth the top reasons why every business social media incorporated in some way or another.
Social Media Ads growing?
Social media ads are still one of the cheapest, if not the cheapest way to advertise and reach such a large targeted audience. These numbers shown by Hootsuite will surprise most.
- 53% of businesses are actively using social media ads
- 7 million users paid for Facebook Ads
- 2 million users paid for ads on Instagram, which is owned by Facebook
- 32% growth in social media advertising across the globe from 2017 to 2018
- Instagram almost doubled its take in ads from 2017-2018 with $6.84 billion
- There is an expected 73% growth in ad spending for the next 5 years!
- 45% of the world has social media
You can make up all the excuses in the world for not using social media ads at this point, but you will either catch up or be left behind in the social business world. Businesses are now thriving more than ever on social media, and this is coming across every platform possible.
While the ad explosion has already hit, it doesn’t seem to be going away anytime soon with all the new social media platforms coming out. The most recent Tik Tok platform has recently exploded on the scene, and it is a matter of time before ads become relevant and apart of the platform itself.
why outsource social media management?
This is probably the easiest question to answer for a business owner if you are looking to become relevant on social media. The answer is TIME! Leaving your social media footprint is not as easy as most would think, and this is how so many businesses get ahead.
Time is the one thing we can’t get back, and making quality social media post to gain organic traffic either take a lot of time, or a lot of money. Most platforms suggest 1 post per day, 1 video every 4 days, and 1 live stream per week to just get started. All of those need to be high quality, and this is because of the amount of competition out there, so simply posting an average image of your mom on your business page talking about computers will no longer suffice.
The average social media manager will spend roughly between 6-15 hours per week on 1 client with roughly 3-5 platforms. This alone will tell you why most businesses will outsource the social media aspect of their business.
The typical business will typically try to get an already paid employee to run the social media, but soon find out how much time it takes, and will eventually take away from their primary job.
what social media is important to my business?
This a really commonly asked question whether you are talking to clients or just browsing through google. Each social media platform has its relevancy to each business. Each social media platform has optimized uses for each type of business.
Facebook is the one platform that has been able to adapt to almost every business model. It is able to be social by text, video, gifs, messages, and so many other ways. No one platform has this advantage, and why it is recommended every business has a Facebook business page.
- It has 2.32 billion monthly active users as of December 2018, which is an increase of 9% from 2017.
- Facebook is currently the top-ranked platform for all social media users
- 150 million users use Facebook Stories daily
- 95% of businesses use Facebook worldwide
These stats alone should be convincing enough to use facebook, but so many ask about conversions using messenger. Over 10 billion messages are sent on facebook per month. If a business wants to sell its services or products, they will respond.
As far as network, Facebook is 2nd, only behind Google. Facebook will be the headliner for a long time, and when they bought Instagram, they just extended their relevancy by at least 7 to 10 years at least. Facebook has been very dominant on spotting where the eyeballs are going when it comes to social media, and not afraid to pay heavy amounts to purchase them.
Instagram had an explosion in 2018 for business use and never turned back. The most obvious markets hit were the Real Estate and Food markets. You started seeing all types of hashtags popping up for bother markets including #foodporn, #foodie, #househunting, #FHB, FSBO and more.
Instagram will not work on every business model. The key businesses that need Instagram will be any that could provide quality photo’s that are useful for the customer to make the conversion. A few examples would be restaurants, real estate, car dealerships, beauty salons, car detail shops, photographers, and many more. Below are some stats on why Instagram meets the importance of social media in business:
- Over 1 Billion active users
- Close to 60% of all Instagram users come back daily
- 500 million people use Instagram stories daily
- Around 50% of the users are between 18 and 34
- 39% of Instagram users are women, 30% male
- 60% of all Instagram users have claimed they have found a new product on it
- Instagram has over 25 million business profiles
Twitter will always be known for one thing, and that is the hashtag. Twitter’s entire existence rests on the hashtag, and it has thrived on it ever since. Twitters throughout the past 2 to 3 years has come down to a certain market use. Twitter is used primarily now to do announcements, news releases, and anything that would involve “breaking”.
- Twitter has 321 million active monthly users, a decline of 3% since 2017
- 40% of Americans use twitter between the ages of 18 to 29, and it is a very steep decline after that
- 500 million tweets per day are sent out
- Most twitter users aren’t tweeting, they are simply looking
- Tweets with video get 10X the engagement, which has really defined its market
- 84% of all businesses use twitter, but expected declines are coming
- 125 million hashtags were shared every day in 2018
Unless you are really trying to hit social media from every direction, there is a good chance Twitter may not be worth the time and effort. Recommended businesses would be any news, blog-focused, or group-based business. There are more, but do your research before you commit.
The Facebook of Business as most refer to it as. This platform has quickly grown to become necessary in a lot of business worlds. The reality of the situation is this, if you are not B2B, you could be very well wasting time and money.
Most businesses think if they don’t have a business then they are being left out, but this is not the case, and it’s not close. This platform is used for 3 things heavily
- Business to Business
Those are the core features of LinkedIn. I would expect it to adapt and try to overcome some obstacles like the maximum 10-minute videos and unknown advantage of the hashtag that differs from any other platform. I am not in any way bashing LinkedIn, I just think a lot of businesses dump a lot of money in the wrong spots, and this could be one. Below are some stats on LinkedIn
- Has 610 million users
- Over half of LinkedIn traffic comes from mobile users
- Over 9 billion impressions per week on LinkedIn
- 62% of users use LinkedIn, 86% are B2B
- 90% of LinkedIn users say they are open to job opportunities
- It is a lead driven platform with a 63% use
If you are B2B, want to network or want to hire staff, then this is a no brainer, and would highly recommend putting in the effort for networking at least and adjust your use from there. Business to Business is a no brainer and would start ASAP. The big question lingering is, what is the replacement for LinkedIn because there seems to be no one in sight.
If you are interested in more statistics, below are the resources used:
- Hootsuite – 130 + social media statistics that matter to marketers in 2019
- Instagram – Our Story
- Facebook reports 4th quarter and full-year 2018 results
Trend 3 Media works day and night to be different in the extraordinary social universe, give us a chance to show the world what you have to offer!
Top Business Podcast 2019
There are a lot of podcasts to choose from when it comes to business, but today we discuss the best business podcast for 2019.
Most people don’t have the time to listen to 25 podcasts a day just to find those 2 or 3 podcasts that you find yourself tuning into every day like a drone for business knowledge.
Digital media agencies typically specialize in one thing, and that is optimizing, so here is a list of the top 5 best business podcast for 2019.
Imagine a business podcasts where the host and guest speak their mind freely and simply go GAF! This is the Garyvee Audio Experience. This podcast at #1 is a no brainer. Sometimes its not about being the smartest guy in the room, but rather the better hustler.
Gary Vee quickly became known as the online marketing legend after taking his families wine business from $3 million to $60 million in just a couple years. If you love to listen about the hustle, grinding, and being real with yourself and your business, then this podcast should be listened to at least once a day.
#2 – The Tim Ferriss Show
The Tim Ferriss Show has shown up as the #1 business podcast on the apple podcasts, and constantly beats out over 500,000 podcasts on one of the top overall podcast. It was the first business/interview podcast to surpass 100,000,000 downloads ever. Tim Ferriss has elite businessmen like Tony Robbins, Edward Norton, and even Lebron James as a guest.
The podcast can reach up to 3 hours in length, so be prepared to take in a lot of information for a long period of time. He quickly rose as one of the top business authors, and how to work smarter, not harder. He loves to talk about delegation, simple business practices, and ways to get your business moving by thinking outside the box.
The StartUp Podcast will be everything that an entrepreneur could want. They discuss how to set up a business from A to Z and document the journey along the way. You get to hear about the personal failures, along with the wins. This is the face no one honestly wants to see, but a true grinder and businessman will love.
Very few podcasts deep dive into why some people turn into customers for life, and why others won’t even look at your ad. The Brainy Business was a no brainer (no pun intended) for the top 5 best business podcast in 2019 but the Brainy Business is just that. Its main focus is behavioral economics and why consumers buy when, where, and why.
The brainy business really hones in on building foundations like strong habits, the value of what you have, availability, and scarcity. This is an extremely good listen whether you are starting out in business or a veteran looking for some good information.
Akimbo should be required to be on anyone’s top business podcasts. It focuses less on analytics, and how to do the job, but more on the culture, and how we can change it. There is marketing in this podcast, but strong focus is put on our work industry culture, and how we can make a positive or negative change.
This podcast would be a high recommendation for new entrepreneurs or someone looking to be so in the future. Getting your mindset in the correct place before embarking on such a venture can’t be overlooked, and this podcast will not disappoint.