So I’m extending the How to utilize Facebook ads into two parts, because it’s a slue of information that if I literally type it out all in one blog post you’d be reading for hours and I want to make sure you grasp every aspect to this in a well thought out manner. Last time I went over the different categories on ad sets such as PPE, ATC, VC-PP and how to utilize your pixel code to track your traffic in order to study your data. Today I’m gonna go over how to set up your audience and how to target/retarget your audience in order to make sure you’re not wasting your money on audience that don’t give two shits about your product or service.
Audience insights
So they’re many factors in your advertising, but one of the key factors is picking your right audience. People who are already interested or have shown interest in what your selling. Now in order to do that you got to know how to pick that out and that’s what leads up to audience insights. Audience insights is a tool that Facebook incorporates inside your ads manager in order to help set up a custom audience you can sell to.
So go inside your ads manager and then click the top left corner where it says “ads manager” and under “Plan” click audience insights. Once you’ve clicked it it’ll give you two options, “Connect to everyone on Facebook” or “Connect to the people that’ve already connected with your Facebook”. Click the first option and now you’re in audience insights. The benefit in this is that you can create multiple audiences that you can test to see what your winner is.
In here you can tailor your audience by their demographics, the pages they’ve liked, where they live and how active they are. Remember the name of the game is to take that 150-200 million people and shrink it no bigger than 1.5milliom people but no lower than 250,000 people. You need a audience size that’s between those numbers so not only will it not get saturated quickly, but you’ll be able to scale if that audience likes your product. For example lets say I’m selling a streetwear T-shirt and I want to put that shirt in front of people that love streetwear. First I would see what states are more into that sort of fashion and then add them in.
Afterwards I would check the age and gender to see if my product fits more with boys or girls and the age group that would relate to this product more. After that I would then list off the things in common(interests) this shirt has, like Supreme, Bape, Stussy, Obey, etc… anything that involves streetwear in order to grasp those fans and put this shirt in front of them. When that is done I could either go with the audience size I have now or narrow down even further to see if I can get my audience size a bit more specific. At that point I could list off everything from what education level, type of work they do and many more. Once I’ve got all of my information I then save the audience and then utilize for my ad post.
This will help you when it comes to targeting your key audience because these people will be your fans, the people who will keep buying from you and see your brand at least once a day. If you can master creating effective audiences you will be on fire simple because that’s one of the make or break components you need to make it.
Targeting/Retargeting your audience
Now this for the people who are getting ready to scale and this is also for the people who have gathered enough data from their previous ad from a cold audience(cold traffic). Once you’ve gotten this far, you’re ready to see results for what you’re promoting. So you have two different types of audiences such the following:
- Look alike audience
- Custom audience
Both do different things. With a look alike audience you can reach new people who are similar to audiences you already care about. You can create a lookalike audience based on people who like your page, conversion pixels or any of your existing Custom Audiences. With a custom audience you can connect with the people who have already shown an interest in your business or product with Custom Audiences. You can create an audience from your customer contacts, website traffic or mobile app. Depending on where you’re at with your ad will determine which one you will utilize in order to move on to the next level.
When creating a look custom audience all you need is 100 conversions of either of the following;
- Page View
- View content
- Initiate checkout
- Purchase
- Add to cart
- Add payment info
- Search
And out off these 100 conversions you can create a custom audience and Facebook will go out and find people who are likely to do what ever option you select. With a look alike audience you can literally take the custom audience and put it in the lookalike source and Facebook will go and find 1million to 10 million people who look like the audience you’ve gathered. That’s right I said it, 1-10 million people! Scaling is going to be something vicious when you’ve finally reached that point. This is how most businesses and brands are able to make 6-7 figures a month and are continuously able to do this.
Once you’ve studied part 1 of utilizing Facebook and grasp it you’ll be able to take this and have a really great sense of direction. Now remember there’s no one really right way to do this, it’s like the saying “There’s more than 1 way to skin a cat.” there’s many ways to become successful with Facebook ads, but you will have to test and find your methods and see what works best for you. Once you’ve find it, keep doing it over and over until you reached higher levels of success in your business. I hope this information helps you on your journey in the jungle of Facebook advertisement!