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Home » Facebook Ads » Getting the Most Out of Every Dollar on Facebook

Getting the Most Out of Every Dollar on Facebook

  • May 6, 2024
  • 11:30 pm
Picture of Jakob Quinn

Jakob Quinn

Table of Contents

In today’s advertising space, maximising the effectiveness of your Facebook advertising spend is not just a goal—it’s a necessity. The reason is, there are so many more people advertising now on Facebook and Instagram that you really need to stand out if you want your campaign to be effective. From optimising creatives to boosting your click-through rate (CTR) and leveraging engagement campaigns, every aspect of your Facebook strategy should be fine-tuned to ensure maximum ROI. This guide delves into practical strategies to help you achieve a CTR of 3% or higher, making every dollar count.

Optimising Creatives: The First Step to Maximize Ad Spend

The foundation of any successful Facebook ad campaign lies in its creative content. To capture the attention of your audience in a crowded news feed, your ads need to stand out. High-quality images or videos, compelling copy, and a clear call-to-action (CTA) are essential. Experiment with different formats—whether carousel, video, or single image—and always keep your audience’s preferences and behaviors in mind.

But how do you ensure your creatives are optimised? Here’s a checklist:

     

      • A/B Testing: Regularly test different elements of your ads such as headlines, images, and CTAs to find what resonates best with your target audience.
        For example, a testing strategy that we use to get the most bang for our buck is this. We begin running 3x creatives with 3x variations of the copy on an engagement campaign. The best-performing creatives that hit our criteria then get turned into link-click campaigns. Once they’ve hit 100 link clicks we then run the winners on conversions campaigns. This strategy is especially effective for new ad accounts with fresh pixels that have less than 100 event triggers on them. What we’re doing is this… Using the engagement campaign to get likes/comments on the post, then running link clicks to get website visits to the website to build up some pixel data, and then running conversions. When you think about it, the reason we do pay upfront for likes/comments is it builds social proof. People are more likely to interact and feel safe engaging with something that other people also like.

      • Visual Appeal: Use high-resolution images and maintain brand consistency in colors and logos to increase recognition.

      • Relevance: Tailor your messaging to reflect the interests and needs of your target demographic. Personalized ads are more likely to engage users.

    Increasing CTR: Tactics That Drive Engagement

    Achieving a high CTR is indicative of how well your ads are resonating with your target audience. A CTR of 3% or higher is excellent by Facebook standards, and reaching this benchmark is possible with the right strategies:

       

        • Compelling Copy: Write copy that speaks directly to the user’s pain points or desires. Use strong action verbs and power words to incite action.
          To give you an idea on how we structure our Facebook Copy try this:

          Formula = How much time? + Solution to problem? + What does it cost/guarantee?

          As an example for one of our ads: Time (30 Days) + Solution (Daily Leads) + Guarantee (Pay nothing if not getting daily leads within 30 days).

          When we now play that out as a full copy, an example could look like this:

        • Targeting Precision: Sharpen your ad targeting to reach people most likely to be interested in your product or service. Narrow targeting ensures your ad spend isn’t wasted on uninterested parties.

        • Optimizing for Mobile: With the majority of Facebook users accessing the platform via mobile devices, ensure your ads are optimized for mobile viewing. This includes making sure your images are clear on smaller screens and your messages are concise.

      If this makes sense to you, but you want a more intensive guide that goes into serious detail about how to squeeze Facebook for everything it’s got to make your business more money, then you need our Final Guide.

      It includes the exact strategies we use at Unreal Media to get 900% returns consistently for our clients.

      Download your free copy here:

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      For further insights on how much you should be spending on your Facebook ads to optimise your returns, consider exploring How Much Money Should I Waste on Facebook Ads?

      Leveraging Engagement Campaigns to Enhance Ad Attractiveness

      Engagement campaigns on Facebook can significantly improve the performance of your ads. By increasing likes, comments, and shares, your ads gain social proof, making them more appealing to other users.

      It also signals to Facebook that your ad is something people want to see, therefore more likely to show it to the right people.

      Here’s how you can use engagement campaigns effectively:

      • Run Engagement Ads: Before launching conversion-focused campaigns, run engagement ads to foster interaction. These ads are cheaper and can help you gauge the initial reception of your ad creatives.
      • Encourage Interaction: Ask questions or use interactive elements like polls to encourage users to engage with your ads.
      • Monitor and Respond: Actively monitor the comments on your ads and engage with the audience. This not only boosts engagement but also builds trust and loyalty.

      Conclusion – Getting your first 50 Conversions!

      Optimising your Facebook ad spend is crucial for achieving high returns. By using a range of creatives, increasing your CTR, and leveraging engagement campaigns, you can ensure that your advertising dollars are well spent. Remember, the key to success lies in constant testing, adapting, and learning from your data to continuously improve your campaigns.

      But I will give you one final tip. Once you’ve found what’s beginning to work, you need to allow Facebook to get 50 conversions on that ad before it can really optimise, so if your winning ad is in the “learning phase” do not make drastic changes. Allow it to run so long as it’s bringing in conversions.

      How many conversions does it need before it exits the learning phase? 50. That’s right, so if you’re getting a cost per lead of $20, you can expect to spend approx $1000 before that ad is optimised. A key factor here is your daily spending, if you’re only spending $10 per day, don’t expect much to happen very quickly. However, if you’re spending $50-$100/day you can expect to optimise quite fast.

      For more detailed strategies on generating leads and scaling your success through Facebook, don’t miss out on reading How to Get More Leads and Skyrocket Your Success.

      By following these actionable tips, you’re well on your way to maximizing every dollar spent on Facebook, ensuring your business achieves its digital marketing goals efficiently and effectively.

      Picture of Jakob Quinn

      Jakob Quinn

      Hey it's Jakob, the owner of Unreal Media. I'm all about shaking things up the norm, helping businesses like yours stand out online with some tried and tested strategies. Proud to say we've helped our client reach over 20 Million people!
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