Facebook is without doubt the most powerful advertising medium to come along in the history of the Internet. With over 200 million people logging on to Facebook everyday and spending serious amounts of time on the site it is a great platform for businesses to advertise on, providing things are done correctly.
If you are considering advertising on Facebook make note of the following tips to help you get the most out of your investment:
1) Knowing the rules
This is a very important part of the process as without knowing the ground rules you risk having your ad removed and you will lose money in the process. Make sure to familiarise yourself with all their rules before you start and avoid advertising things like “get rich quick schemes” which are not strictly allowed under the rules.2) Getting approved
3) The power of a picture
An attractive image will help your ad stand out so use something eye-catching and relevant to your product or service.
4) Get your target right
When advertising a Facebook page (as opposed to an external URL) you have the option to only show the ad to the friends of those who are already a fan of the page. This is powerful as it activates the social proof element of influence and could result in a better click-through rate. The idea here is that someone who sees an ad and sees that their friends have also ‘liked’ the page will see that as social proof and also click on the ad themselves.
5) Estimate your cost
If you do not know what to bid for a particular ad then the best thing to do is to use the suggested bid that Facebook gives you to help you get started. This little tool will give you a suggested bid window based on how much other advertisers are paying to show their ads to your chosen audience (i.e. calculated using the demographic and other targeting you’ve selected).Once you have started your campaign, you must keep an eye on your average cost-per-click (or impression) to see whether you can lower your bid to further optimise your ad or whether you need to increase your bid for extra exposure of the ad.
6) Change your ads based on the results that you getting
When you access Facebook ads manager you will be able to access all sorts of data on the response that you’ve received. You will get access here to campaign stats such as click-through rates, number of impressions, how many clicks you’ve had and how much you’ve spent too. You can access the details of the different campaigns that you are running and you will be able to better formulate new ads (or tweak existing ones) that will help you to be more profitable next time based on what you learn from the current campaigns.Thanks to the highly targeted nature of Facebook advertising it is a great tool to advertise online, if you can take the time to discover what works for you. I personally prefer Facebook Ads over Google Adwords because of the way you can target specific users based on information that they have put on their profiles. The only real way to learn more about Facebook ads (or PPC in general) is to give it a go and launch a couple of campaigns. Ensure that you split-test your campaigns and monitor results to get the best results.
by Suraj Sodha
www.internetmarketinghighway.com
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