It goes without saying that Facebook provides one of the most extensive and effective advertising platforms for companies of all sizes to reach their target clients.
However, as a self-starting businessperson, it might be discouraging to realize how much trial and error and learning is required in the beginning, especially when you put real money on real results.
The good news is that we frequently commit the same errors, especially when we first begin.
Here are seven typical(and occasionally expensive) Facebook advertising blunders and how to remedy them, regardless of whether your advertisements haven't resulted in a single sale or you feel like you're not getting the right return on your investment.
1. Not spending money up front on audience research
Most likely, I'd wager that finding the correct audience comes first.
Because Facebook has such a wide user base, your audience may be larger, smaller, or even entirely unrelated to the one you intended to target depending on what you're offering.
Prior to testing more particular things like ad wording or format, you'll need to test out a few audiences first. But it doesn't mean you can't start out ahead of the game by making some educated assumptions.
Asking yourself if you'd be willing to stake money on the likelihood that those folks would be interested in purchasing your product (since that's basically what you 'redoing) is a decent method to consider targeting.
Go like it under your personal profile if you can locate a Facebook Page that corresponds to what you've learned from your investigation. Facebook will make related page suggestions that provide even more potential target interests. Once more, disregard any that don't have a clear connection to your intention to buy.
The Facebook Audience Insights tool may be used to assist you come up with more targeting suggestions based on the traits and interests you have a good feeling about. If you're interested, you may also utilize it to gain some understanding of how that audience interacts with products, makes purchases, and more.
2. Selecting a too broad of an audience
Going overly wide with the audiences we select to target is a common problem with paid advertising, regardless of platform.
You might believe that everyone is a potential consumer, but the people who see your advertisements are what you are paying for. Why spend money on the wrong audience?
For many e-commerce enterprises, a potential audience of 500K to 1.5M is a fair number to start with.
Try focusing it with interests that your primary audience "must also match for" if your audience is too large. Until you discover your sweet spot, if it's too tiny,consider adding interests to build a larger user base.
3. Impatience
If you don't see any results immediately away with sponsored advertising of any kind, it could seem like you're losing money. Sometimes you might feel forced to take charge of your adverts and make adjustments to "optimize" them for the quickest potential improvement.
But gaining information and insight is essential, particularly in the beginning.
It's crucial to know just how much you're prepared to pay to acquire just one consumer because of this.
Suppose your cost of goods is $17 and you are asking $50 for the item. Thus, you have about $33 to spend on client acquisition before you break even. Be prepared to spend more than that initially as you test your audience.
Try to wait until you've reached 1000 individuals before making any decisions about your advertising, such as halting or modifying them. At that point, even if your advertising don't result in any purchases, you have enough data to at least gain some insight from their performance.
The other way that impatience hurts your performance is when you deny Facebook the chance to accumulate experience.
4. Not isolating the subject of your test
In marketing, the chase of results frequently devalues understanding. And while testing and experimenting with your advertising is highly recommended, you can only truly learn as you go if you test one variable at a time.
Even if you find something that produces better results, testing different audiences, each shown with a different ad, at different times won't tell you much. Was it the spectators? Was it the advertisement? Was it a time issue? Was it a mix of several factors?
Try to isolate one variable as much as you can to test so that you can go forward from the experiment with knowledge you can act upon. You should conduct testing at the Advert Set, especially at first.
5. Not getting the most out of your advertising budget
Even if generating sales is your main objective, there are other ways to benefit from your advertising.
An advertisement that "failed" to bring you any clients can actually provide you with a ton of additional value.
- Obtain email addresses from site visitors.
- Get more comments and likes on your article to gradually increase the social evidence of your advertisement.
- Talk to people who leave comments on your adverts directly to encourage them to make purchased.
- Future "warm traffic" retargeting of site visitors.
- Create an email sequence to reclaim any potential abandoned carts you may have received.
- Simply click on the responses to the post to invite those who have liked or commented on it to also like your Facebook page.
Additionally, the invaluable information you may get from your bought traffic is priceless.
You should install Hot Jarand Google Analytics to better understand how visitors are actually using your website. This will enable you to determine whether the issue is with your audience, the design of your website, or something else.
6. Failing to focus on ad creative optimization for clicks and attention
Once you've determined your target market, a good creative for your advertisement could help you get better results.
There are many components that make up a good advertisement, however the following best practices may be helpful:
- Have a ne ye-catching focus point in the video thumbnail, the copy, or both.
- Emojis can be used to give your copy individuality and visual components.
- Every time your un an advertisement, gather social evidence (likes, comments, and shares) overtime. This increases the effectiveness of your advertisement.
- With links and product tags, create several clickthrough chances (you'll need a Facebook Shop, which you can easily add through Shopify).
- Try out various ad forms while still using the same Advert Set, notably video as Facebook is known to prefer this format.
7. Not using all of the information at your disposal
Many of the functions of the Facebook Ad Manager are obscured by the platform's complexity, particularly when it comes to viewing your performance to draw conclusions.
For instance, the Ad Manager's default columns don't provide all the information that would be helpful to you. To acquire more information, you should absolutely customize your columns.
Along with anything else you believe would be helpful, take into account include the following to get abetter picture of ad performance:
- Click-through rate, or CTR, is the proportion of viewers who clicked on your advertisement after seeing it.
- Cost-per-click: The amount you pay for each time your ad is clicked.
- Website Purchases: The quantity of transactions the advertisement generated.
- Value of all purchases made on a website that can be ascribed to an advertisement.
- Frequency: The typical number of times each individual you are reaching has seen an advertisement. Your ad's performance may occasionally noticeably decline, and this is just a result of Facebook repeatedly showing the same users the ad.
- Reach: The number of distinct (not repeat) individuals you have reached.
- Relevance Score: Based on your first 500 impressions, how pertinent your advertisement is to the audience you are targeting (this has a significant impact on your prices).
- Budget: The daily or overall amount of money allotted to the advertisement set.
- Cost per Result: The price you paid to achieve your campaign's goal.
- CPM: The amount you spend for every 1000 impressions.
Additionally, you may utilize the "Breakdown" options to examine the effectiveness of your ads depending on a variety of variables, including the devices on which purchases were made and the effect that gender has on effectiveness.
Using a uniform, meaningful naming convention throughout your Ad Manager account at each level is another really easy yet highly effective strategy you can follow. You may then quickly determine things like the audience you're aiming for and the topics you're testing.
Conclusion
Even while Facebook advertising might be challenging to master, it's unquestionably worthwhile to invest in and learn from others' mistakes because it's one of the most efficient ways to spread any message.