Facebook ads have become the most proficient way of company marketing. Since its introduction, many sellers have embraced the method, and it is working magic for them. Now that is common to all people; the next challenge is to learn how to improve Facebook ads. If you do not use them well, Facebook ads may disappoint you by wasting all your energy, resources, and time. Remember, your competitors may have dedicated a budget and team to track, run and twerk all their Facebook ads campaigns; hence, it also needs you to double your efforts to get at par. Follow this article to get insights on how much to spend on Facebook ads and maximize your results.
How much should I spend on Facebook Ads?
The question of how much to spend on Facebook ads is critical to every step you make in advertising. Many people believe that as long as you have enough money, you can run the ads as you wish, but the truth is far from this belief. Facebook advertising goes deeper than the money you spend to the results you derive from your expenditure. If you have a good strategy, you will command a large following with even little money. Below are key things that determine how much you can spend on Facebook ads.
1. Begin with a small initial budget
Before spending heavily on Facebook ads, draft a small budget that will reflect what you may expect from advertising through Facebook ads. The testing budget will give you data on the best and worst parts of the ads usage for improvement before rolling out huge investments. Spend about $100 to $500 to get a true picture and enhance decision-making. Even though the minimum ad expenditure on Facebook is $10, this makes you reach few people, below 400 people in a week. The number is so small to make decisions. However, when you spend $500 in the week, you will reach about 1 400 to 12 100 people, which is a good way to derive many things that propel your decisions.
2. Make different sets of Facebook ads.
During your test campaign, run several ads up to 10 with small changes on each to determine those that will perform well. Change the colors, call-to-action phrases and others to compare and know the way forward.
3. Select the Facebook ads that performed well
After running the ads for one week, your next step is to evaluate the ads by looking at their performance. While doing the evaluation, put in mind the return on investment concept. It may happen that the most engaging Facebook ads may not bring you, customers. Base your evaluation on the following things.
Do not skip the information from the first batch of ads and move to the next. Look keenly, see what type of ads worked well, and remove those that flopped.
4. Shift money to superior Facebook ads
Once you are done with the analysis, select five ads with low costs per lead for future use. The seller can now see the advantage of running multiple ads since it helps in comparison and decision-making. Fund the ads that you have selected to advance your Facebook advertising.
5. Allocate a consistent budget for the remaining ads as you scale up.
After successfully selecting the ads that you will work with, allocate each their budget. A seller can now approximate the number of leads they will get if they spend a certain amount on an ad. Continue spending on the ads as you grow since you know their profitability. Plow back the profits to the advertising budget, and you expand it.
Avoid the following mistakes on the Facebook advertising campaign.
Spending less on the ads. Ensure that your expenditure tallies with your audience and product. Do not spend so little and expect much. When you spend enough, amazing results will follow you.
Give the ads enough time. Sometimes, it may take six months to perform well, especially when the product buying cycle is slow. For the products with a short buying cycle, results will be quick hence quick decision making. So, give your ads enough time.
Selecting inappropriate Facebook ads. Examine all the ads closely using all the parameters before you settle on one. Remember, whatever ad you choose will communicate what you want from Facebook, which you will get.
Read the data correctly. The critical part in deciding on the ads to use is to read the ad data correctly. If you cannot do this, then all your efforts will be in vain. Arrange the data in the best way that you can understand by rearranging the columns.
Tips to maximize Facebook Ads results
Facebook ads are a great asset if one uses them well. After looking at how you can spend on the ads and select the best, sellers should ask themselves why their ads might not work. Some of the things that make your ad not perform well are:
The inability to express clearly to your audience what you need.
When Facebook takes time to understand who your ideal customers are.
Running ads that do not interest the audience; the ads do not stand out.
If you are experiencing the above challenges, here are the tips to enhance your Facebook ads advertising.
1. Install the Facebook Pixel.
It should be the first thing to do when you want to know how to improve Facebook ads. The small snippet code tracks people's interactions on your website to determine the type of audience you need on Facebook. In the end, it will help you reach the right audience. To install the Facebook Pixel on your website, get more information from the Advertiser Help Center. Remember to use Facebook Pixel on your popup campaigns too.
2. Align your campaign objectives with your business goals.
A seller cannot run ads randomly without the target goals. Before you run that ad, determine the goals that you want to meet. Some of the goals include:
Getting more people to visit your website
Automate your ads
Acquire more leads
Get more messages
Include your campaign goals while setting up your ad if you do not know one, research about it.
3. Convert your charming and attractive posts into ads.
Sometimes many shares, likes and comments on a certain big company's ad may shock you only to learn that the likes, shares and comments did not come once. Instead, the company reused a famous organic post into an ad. Do not fear that few people know your company; you can create an ad by boosting existing content.
4. Identify the audience your ad will reach.
Businesses who own brick-and-mortar stores in given places should design ads that narrow down to their communities since that is where they will find most buyers. However, these buyers can also create another ad for their online stores, if present. Sellers can create different sets of ads for their different audiences.
5. Use the Facebook auto-optimize feature.
After knowing your audience and tested your ads, auto-optimize your ad. At this point, Facebook will assist you in creating the right ad for your business after answering some questions on the campaign goals. Auto-optimization requires you to spend some money so that Facebook can create an excellent ad for you. Although you need to boost your advertisement budget, the return on investment through this ad is high.
6. Add your offers to your Facebook ads.
Integrating your offer with a Facebook ad will be the best thing that you can do. To add an offer to the ad, use the Facebook ad Manager, click offers and add details about the offers. You can attach a code to the offer where customers can redeem it.
7. Use high-quality images
Image is the main attraction to your ad: They are vital elements of eCommerce because they create the first impression to the customers; optimizing the images will lead to more conversion. If you want to succeed in this, obtain the actual product images with a better capture device. When applying the images, minimize the words that accompany them. Many people will not read long texts in your advert.
8. Retarget whoever clicks your ad
Create landing pages for your products such that when a person clicks on them, they make a purchase.
Learning how to improve Facebook ads is something crucial that all sellers should uptake. The use of Facebook ads has significantly grown worldwide and has become pivotal in raising many businesses. This strategy needs keen study and sometimes good investment to sail through. When one knows how much they can spend on the ads, they can select good ads and invest in them to gain a massive following. Direct all your efforts to maximize the use of Facebook ads for both your online and physical stores to reduce many hassles in advertising.