In the fast-paced world of Facebook advertising, cutting edge is king, and the marketplace is rife with people selling silver bullets. Savvy marketers know they can’t lazily rely on a conversion campaign to get it done for them any longer: higher-funnel awareness, ongoing engagement and good ol’ fashioned brand building are key to kicking ass.
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The reality of the auction
Your targeted population is more than you’re actually
reaching.
It says this:
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But it’s really this…
Conversion
campaigns generally
have the highest
CPMs
Facebook recommends
50 conversions/week/ad
set for Conversion
campaigns.
Advertisers frequently
try and optimize
towards a high-value
action.
…and then campaigns
do cruddy.
Likely to
convert
Likely to watch
video Likely to
engage
with post
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Meat & Potatoes Tip: #1
Use Other Campaign Types to
Create Buying Funnels
Aka
“Funnels & Facts”
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You need to try the opposite of what you’re doing!
Acquire
CHEAPER
Pay MORE for
consideration
Pay MOST for
action
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Funnels = Friends
Use cheaper campaign types
to cast a wide, cheap net and
identify interested users.
Lower Stakes = Lower Cost
• Users who watched 10sec of video
• Users who interacted with posts
• Submitted lead ad
Warm Audience
Hot, Hot, Hot!
• Video Views
• Reach
• Website Clicks
• Post Engagement
• Website Clicks
• Reach
• Conversion
Site visitor
retargeting
Site visit retargeting
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My current favorite funnels
Optimize for
Add to Cart
RT to Cart
Abandon
Optimize for
Engagement
RT to
Engagers
Optimize for
Video Views
RT to
Viewers
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What do you actually have?
Make a list of things that could be used as creative and/or creative
messaging.
(You might be surprised how much content you can repurpose that you never thought about.)
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Assign user commitment levels
Low: Little to no effort on the part of the user; passive in
nature
Medium: Low time commitment.
• User in control of consumption.
• Trading value for a chance to reconnect with
them (i.e., email capture)
High: Time/effort commitment for user
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Use assets to determine campaign types & new
audience builds…
• Got videos? Video view campaigns
• Downloadable content Lead ad campaigns
• Healthy conversion data Conversion campaigns
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Meat & Potatoes Tip #4: Chatbots? Whuuuuuut are
those?
Automated conversations via a flow of triggers, questions, answers, and options
for the user.
• MobileMonkey
• ManyChat
• ChatFuel
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And I tested it against ads for email list sign-ups…
$8.01 per email sign up
23% open rate
5-10% clickthrough
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The results were pretty neat…
$2.17 per sign up
100% opened
100%
clicked/interacted
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Clients are embracing the scale & automation…
• Product: education curve. Inexpensive, but
intimidating
• The strategy: remarket to those who didn’t
sign up, offering to answer questions.
• The results: 18% CTR, 8 out of 10 contacts
wound up purchasing
Relevance score influenced heavily by social interaction and CTR
If you want to build the social proof while the creative runs in other campaign types, you can simultaneously run it in an Engagement campaign to accrue faster