Facebook Ads: are they the modern day ‘hilly billy’ California Gold Rush?
Rumors circulate about Facebook Ads being the MOST profitable way to advertise your business and everyone jumps on it to make a quick buck.
Hence it’s quickly become the 21st century gold rush.
And just like the gold rush, the people really profiting are the ones selling the tools to the prospectors…
But they’re still gold out there if you know where to look and what your doing.
The purpose of this post is to give you a short introduction, so you know roughly how to make profitable ads.
It’s not going to turn you into an expert, but it might stop you digging in the wrong spot and spending BIG on things you should avoid.
I’m not going to go into too much technical detail… Otherwise we’ll find ourselves like Alice down deep the rabbit hole.
What Type Of Marketing Is Facebook Ads?
It’s important to define Facebook Ads as interrupt marketing. Someone is not actively looking for your product at the time of seeing your ad.
So your ads need to be distracting and bold to literally GRAB attention. If people are more likely to be searching your products then should you choose Facebook Ads as a primary marketing channel?
Why Does That Matter For Building Communities?
When you’re using Facebook Ads to build communities (especially off the platform e.g. not a Facebook Group). Your ads need to be eye catching and demand attention, with a clear benefit of the community AND call to action (what to do next).
If you’re community is big then use the size as social proof, people follow the herd and using this herd mentality when talking about the number of members etc will help you grow.
Does Facebook Work For Every Business?
As a primary marketing channel?
If you have a business that people proactively search for that’s very transactional - like an ecommerce store then you’d be better using google adwords.
Yet any business SHOULD 100% be retargeting website visitors with ads. It’s a great way to build rapport and make the most of your site visits.
If your business is a business that’s heavily reliant upon growing a relationship then Facebook Ads is perfect. Big purchases, information products, service based businesses all do VERY well with Facebook Ads.
It’s a great place to grow and build relationships with your audience. In my opinion this is the MOST powerful way to use Facebook Ads.
Do Facebook Ads Help Build Communities
Absolutely yes… Facebook Ads can help you build and grow your community. Be clear on your message and the benefits of the community.
Having a good understanding of the audience will help too.
If it’s a male audience of people who like Star Wars for example, there’s no point advertising to women or people who like football.
There is merit in testing adverts to the same interests groups e.g. men who like Star Trek.
How To Get The Most From Your Facebook Ads
Being successful with Facebook Ads is much more about relationship building than it is billboard advertising.
One of the biggest mistakes I see is people using Facebook Ads as the internet’s ‘yellow pages’
I.E. The only adverts they ever place are “hey come buy my stuff”
If you only use FB Ads for sales messages it’s going to be crazily expensive and ultimately ineffective.
Still people ONLY want to pay for an ad when they have something specific.
Instead, think of the platform as an extension of networking, with the same relationship interactions.
Only your paying Facebook to have these ‘interactions’ and not having to do it manually.
The BEST Way To Do This Is Retargeting
Retargeting in the oldest & simplest sense of the word was when someone visited your site or product you identify them and give them adverts that are “come back and buy”
This makes things MUCH more effective.
But here’s how you get a system that works…
You want to layer your retargeting…
That means have multiple different offers that are layered one on top of the other.
If you’ve heard the expression sales funnel (the process of ‘funnelling’ potential customers through your marketing into customers) then that’s essentially what you’re creating on Facebook all via your retargeting.
For example I could record a video about facebook ads and retarget people who have watched 25% of the video (because I know they’re interested).
Then I might give them the option of downloading a PDF to add them to my list…
Those that take the PDF could then be offered a webinar.
At the end of the webinar is the option to become a customer.
The layering of funnels takes time and is more work, hence most people choose the less effective ‘yellow pages’ method.
I could go on and on about the nuances involved in advertising on Facebook.
But here’s some dos and don’ts to keep you in check
- Treat the platform more like networking than the ‘Yellow Pages’
- Focus on building relationships and meaningful interactions.
- Make sure you’re using retargeting, whatever business you’re running.
- When writing adverts focus on the customer and their wants, needs, desires
- Give value before you ask for something in return.
- Understand your maths and make sure it’s profitable.
- Layer your retargeting
- Read the terms and conditions and make sure you’re compliant (otherwise you will get banned)
- Expect to become an overnight millionaire.
- Put big budgets in you can’t afford to lose until you know it works.
- Copy everyone else ads.
- Use boring stock photography.
- Try and cheat the system.
- Get too hung up with the technical
It’s A Powerful Tool, Not A Panacea
There’s an epidemic out there (mainly from Facebook Ad Consultants) who push it as the panacea to all business problems.
It’s not true…
Facebook Ads is a super powerful tool that you could use to grow your community. Especially if you’re struggling to attract new members.
It’s not a miracle cure.
If there’s a problem with your community messaging or attractiveness then Facebook Ads won’t fix it.
Instead Facebook Ads is more of a magnifying glass.
It will highlight any problems.
Which is very helpful if you don’t know where the gaps are in your community.
Not so good if you’re expecting a miracle.
If you’re thinking about using Facebook Ads for your community then you 100% SHOULD!
Depending on your budget will decide if you get someone paid who knows what they’re doing (like me) or you run the ads yourself.
If you do find someone make sure they’re realistic with the platform and what it can achieve.
If you’re doing it yourself, then have a go… Try a traffic campaign to get you started.
The WORST that can happen is you’ll spend a bit of money without getting anything in return.
It’s only beginner tax… Or making a donation to the ‘Zuck Fund’ as it’s known in the industry.
I’ve seen total beginners make 5 figures with their first ad…
It’s pretty rare, but I’ve seen it happen.
The ONLY thing you can do is have a play and see what happens.
It doesn’t bite.