facebook ad campaigns blue paper

Upload: 4imprint

Post on 29-May-2018

223 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    1/13 2010 4imprint, Inc. All rights reserved

    Facebook AdCampaigns

    4imprint.com

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    2/13 2010 4imprint, Inc. All rights reserved 2010 4imprint, Inc. All rights reserved

    Facebook ad campaigns:

    Where advert is ing meets socia l mediaLets face it: Not all organizations have the budget to hire help from big ad

    agencies or the marketing free-reign to dominate airwaves and billboards.

    Thankfully, these tactics arent always necessary to make an impression; effective

    advertising and deep pockets arent mutually exclusive.

    Effective advertising has much more to do with strategy development and

    targeted messaging, delivered via the media channels most likely to reach

    intended audiences. Luckily for businesses and organizations everywhere,

    technology trends and the socialization of the Internet have opened up a whole

    new world of advertising. Advertising through social networking sites such as

    Facebook stands to engage consumers as much as it stands to convince of a

    message. An increasing number of marketers are exploring these new options and

    finding value as social media advertising options continue to grow and improve.

    In fact, a recent survey by Myers Publishing, LLC, named Facebook the top website

    in providing valuable targeted audiences to advertisers, and marketers are

    expected to spend upward of $1 billion on advertising through the site this year.1

    The reason for this growth likely lies in the many benefits that Facebook

    advertising offers:

    Facebook has a massive user base of more than 300 million people

    worldwide. While originally heavy on the student population of

    18- to 25-year-olds, the fastest growing demographic is now among

    those 35 years and older.2 Chances are, members of your target

    audience are logging in each day.

    Generally speaking, Facebooks user base is highly active, spending

    a cumulative 8 billion minutes per day on Facebook.3 Meaning that

    any advertising on Facebook will be seen.

    Facebook has an uncluttered user interface. A white background,

    consistent font and navigation, along with clearly designated ad

    space throughout the site, allow ads to be noticed but tolerated by

    1 Lawson, Matt. Winning Facebook Tactics for Todays Search Marketer. MarketingProfs. 08 June 2010. Web.01 July 2010. .

    2 Handley, Ann, and Allen Weiss. Facebook Success Stories. MarketingProfs. Web. 01 June 2010. .3 Handley, Ann, and Allen Weiss. Facebook Success Stories. MarketingProfs. Web. 01 June 2010. .

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    3/13 2010 4imprint, Inc. All rights reserved 2010 4imprint, Inc. All rights reserved

    users. The ads arent in the users way, yet stand out due to limited

    space for visual competition.

    Facebook ads often complement other forms of advertising within

    a marketing strategy. In conjunction with direct marketing,

    television ads and more, businesses can use Facebook ads to prime

    audiences or reinforce messages that create brand awareness,

    promote products or services and drive traffic to Facebook Fan

    Pages or other websites.

    Facebook ads are easy to create and implement. The site walks

    through a step-by-step process to create the ad, while providing

    access to tips and explanations along the way. Mistakes are easily

    deleted, and campaigns can be paused or removed with the click

    of a mouse.

    Facebook ads are cheap in comparison to traditional forms of

    advertising. Spend as much or as little as wanted; Facebook allows

    marketers to set the limits to individual budgets.

    Facebook ads are highly targeted and easily measured by click-

    through and conversion rates. Businesses looking to target only

    24-year-old women on their birthday in the state of Wyoming who

    like the movie Speed 2: Cruise Control can do so. (This example is

    probably a really small window of opportunity, but hey everyone

    has a niche, right?)

    Facebook is proving to be a powerful new tool in the advertisers arsenal. Its

    easy, its targeted, its measureable and its where many people are spending

    considerable time. For businesses looking to explore this option or learn more

    about how to be more effective Facebook advertisers, this Blue Paper is a great

    place to start. Read on to discover how to plan for, create and implement an ad

    that works with any budget.

    Developing a strategy and sett ing a goalThe strategy behind Facebook ad campaigns is really a piece of a much larger

    pie. Facebook alone is not a strategy, but rather a tool or a medium. Therefore, a

    business or organizations Facebook advertising efforts should be integrated into

    a larger, overarching advertising, marketing or public relations strategy.

    In the realm of Facebook ads, there are two main goals businesses and

    organizations can achieve in order to support a broader strategy: increased traffic

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    4/13 2010 4imprint, Inc. All rights reserved 2010 4imprint, Inc. All rights reserved

    or increased visibility. These goals are demonstrated by the two options Facebook

    offers for ad payment:

    Pay per click (PPC)generating traffic to a Facebook Fan Page or

    an external website is most important to a business that chooses

    this route.

    Pay per view (PPM)businesses and organizations opting for this

    option are placing more importance on just being seen. Also known

    as pay per impression.

    Research has shown that the most effective Facebook ad campaigns are those

    that either target existing Facebook users that have liked a page or include a call

    to action that revolves around a businesss presence on Facebook. For example,

    urging users to like a page or enter a contest through a Fan Page.4

    Facebook is about relationship marketing, not direct sales, said Nick ONeill,

    editor of the All Facebook Blog. That means its more important to build a

    relationship with a potential client or an existing customer rather than closing a

    sale right away.5

    It is easier to use a Facebook ad to build a relationship through the site than it

    is to use a Facebook ad to get a user to fill out an order form or join a mailing

    list. Ultimately, Facebook ads should not be used to fulfill strategies seeking a

    sales outcome, instead tailor ads to support these sales strategies by developing

    relationships first.

    Building relationships takes time and, often, repeated runs of Facebook ad

    campaigns. But, research also suggests that patience will pay off due to the higher

    conversion rate of users that have liked a page versus other Facebook users. On

    average, Facebook users that like a brand spend $71.84 more per year on brands

    they like than consumers who dont like a page, and they are 28 percent more

    likely than others to continue using that brand. In addition, those consumers

    that like a page are 41 percent more likely than others to recommend a liked

    product to their friends.6

    4 Keane, Meghan. Nielsen: Facebook Ads Work Great If Youve Already Got Fans on the Network |Econsultancy. Econsultancy | Community of Digital Marketing and Ecommerce Professionals. 20 Apr. 2010.Web. 01 July 2010..

    5 ONeill, Nick. 10 Rules For Advertising On Facebook. Business Insider. 16 July 2009. Web. 01 July 2010..

    6 Average Value of a Facebook Fan: $136.38. MarketingProfs: Marketing Resources for MarketingProfessionals. 15 June 2010. Web. 01 July 2010.

    .

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    5/13 2010 4imprint, Inc. All rights reserved 2010 4imprint, Inc. All rights reserved

    The users manualOnce a business or organization decides on the purpose of its Facebook

    advertising (and, this purpose complements the bigger picture business

    strategy), it can move forward with ad creation, targeting and budgeting.

    A note: In order to launch a Facebook ad, a business must have a Facebook

    group or Fan Page and a credit card or PayPal account for payment. Donthave a Fan Page, yet? Visit Facebooks Fan Page information site to get started.

    Once a page has been created, there will be a link that appears on the left hand

    side of the News Feed through the administrators personal log-in that says

    Ads and Pages. Clicking this brings users into a dashboard where they will see

    ad stats and a link to create a new ad campaign. Click on this and then its

    easy-peasy-lemon-squeezy.

    Designing the adOnce navigated to Facebook ad creator, the first step is designing the ad. Follow

    along with Figure 1 to begin this step.

    Figure 17

    The Destination URL is the web address for the website a business wishes to

    advertise. By clicking the blue link below the Destination URL, the option to

    advertise a Fan Page or group will also appear. Whatever is linked, make sure it

    is the most relevant page to the content of the ad so users who click on the ad

    dont get lost or frustrated by a link they were not expecting. Following this link

    is the ad content.

    7 What Do You Want to Advertise? | Facebook. Welcome to Facebook. Web. 01 July 2010..

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    6/13 2010 4imprint, Inc. All rights reserved 2010 4imprint, Inc. All rights reserved

    Content is comprised of both text and images. Its relatively limited, so its

    important to put a lot of thought into the message of the adconversion

    depends on it. Be clear, concise and include a call to action. Explain the benefit of

    click-through and grab the attention of Facebook users with simple wit. This can

    be a challenge, but it can be done. Here are a few tips:

    Research other ads to get a feel for what businesses are offering

    and where they are linking. Pay attention to other Facebook ads,

    as well as search marketing ads titles and calls to action. This

    preliminary research will provide both insight and inspiration.

    Make the title the call to action (Like us), the benefit (Win a

    laptop) or the name of the page or business (Smith Widgets).

    Use the body text to go into further detail regarding what a brand,

    product or service is, or what a website is all about. Save phone

    numbers, contest details, etc. for the page or the website itself and

    use the 135 character limit for only the important stuff.

    Avoid long sentences, and use proper grammar, complete sentences

    and correct spelling. Also avoid abbreviations and acronyms.

    Businesses that are unsure of what to make the call to action and how to

    best combine text with a links that make the most sense, should take note

    from 3M Canada.

    3M Canada sought to increase brand champions online and encourage Facebook

    users to drive friends to the sites Facebook page on the brands behalf. It

    launched a series of three ads: one that introduced a new shoe-shaped tape

    dispenser, one that offered the chance to win a gift certificate to a shoe store and

    one that promoted the shoe-shaped dispenser as a stocking stuffer. The brand

    targeted the first two to women and the last to both women and men. In order

    to win a free dispenser, users had to like a page on post a comment on the wall,

    while in order to win the gift certificate, users had to fill out a brief customer

    survey. All in all, 3M Canadas Facebook ads resulted in more than 1.5 million

    impressions, 300,000 clicks, 250,000 new likes and close to 200 comments on

    the wall.8

    8 Handley, Ann, and Allen Weiss. Facebook Success Stories. MarketingProfs. Web. 01 June 2010..

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    7/13 2010 4imprint, Inc. All rights reserved 2010 4imprint, Inc. All rights reserved

    Next, select an image. While an image is not required, it definitely helps to draw

    attention to an ad9:

    Choose colorful and engaging images that are relevant to the text

    of the ad.

    Try adding a border to an image that contrasts with Facebooks blue

    and white interface, such as yellow.

    Test images by creating small runs of multiple ads with different

    combinations of text and images, creating a larger run with the

    most successful of these ads.

    Targeting and keywordsThe next step of ad creation is shown in Figure 2. Basically, there are a variety of

    targeting options and a counter at the right hand side that will fluctuate to showthe number of Facebook users included in the filters applied by targeting.

    Figure 210

    9 Lawson, Matt. Winning Facebook Tactics for Todays Search Marketer. MarketingProfs: Marketing Resourcesfor Marketing Professionals. 08 June 2010. Web. 02 July 2010..

    10 What Do You Want to Advertise? | Facebook. Welcome to Facebook. Web. 01 July 2010..

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    8/13 2010 4imprint, Inc. All rights reserved 2010 4imprint, Inc. All rights reserved

    At first glance, many businesses make the mistake of equating broad Facebook

    ad targeting with expanded reach. Really, though, the broader an ad is, the less

    effective and more expensive it becomes because more people will be exposed to

    the ad, which may drive up costs, but the fewer the ad will likely apply or appeal

    to. Instead, consider creating a greater volume of ads that target fewer people11.

    Facebook is known for its powerful and specific targeting poweruse it.

    ONeill provides a basic outline of each of these targeting options12:

    1. Location: Target by country, state or province, city and

    metropolitan areas. Location is required by Facebook and is

    pretty self-explanatory.

    2. Age: Businesses and organizations with a solid marketing strategy

    should have a handle the age of a target market and the target

    market that best fits the messaging of the content and purpose of

    a Facebook ad goes here.

    3. Sex: Like age, this option is a pretty standard targeting filter.

    Products for men with text aimed at men, for example, should be

    targeted to men. Or, the text should be aimed at wives, girlfriends,

    sisters or daughters and targeted to women.

    4. Birthday: This option offers the opportunity to offer birthday wishes

    and select birthday discounts as means of improving conversion

    rates and increasing engagement with users. Beyond birthday

    related ads, this filtering option may not be relevant.

    5. Interested in: Refers to sexual orientation. All is the default and

    ads with this option will include both those interested in men and

    women and those who do not list a preference at all.

    6. Relationship: Refers to the relationship status of an individual.

    Selling wedding dresses? Target engaged people. Offer dating

    services? Target singles. Like Interested in, this filter defaults

    to All.

    7. Languages: For bilingual or international ads, Facebook offers

    the opportunity to reach users that speak a specific language. For

    11 ONeill, Nick. 10 Rules For Advertising On Facebook. Business Insider. 16 July 2009. Web. 01 July 2010..

    12 ONeill, Nick. 10 Rules For Advertising On Facebook. Business Insider. 16 July 2009. Web. 01 July 2010..

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    9/13 2010 4imprint, Inc. All rights reserved 2010 4imprint, Inc. All rights reserved

    Facebook ads created in the United States, the default language is

    English. As a rule of thumb, the language filter should match the

    language of the ad text.

    8. Likes and interests: These are based on the information included

    in a users profile. This can include movies, books, activities, clubs,

    television shows, restaurants, brands, music, job titles, industries

    and more. The most effective filtering here is based on interests

    that best relate to the text of the ad or the industry of a business

    or organization. For example, a campground would target ads to

    those with interests like camping, campfires, or RVs. Pro

    tip: Businesses that already utilize search marketing can think of

    this targeting option as a means of repurposing keywords. Try

    identifying the highest-performing paid-search keywords as way to

    determine relevant Facebook ad Likes and interests.13

    9. Education and work: Target by level of education or school to reach

    certain socioeconomic filters of an ad or to target specific alums or

    students. For example, a law school with a Facebook ad is going

    to target undergrad and grad students as opposed to those who

    only finished high school, while a group of alums advertising a class

    reunion will only want to reach former students of their school.

    An example of targeting by education can be found in One Day,

    One Jobs success story. An online company that specializes in

    helping college students find entry-level jobs, One Day, One Job

    took to a Facebook ad campaign to grow its Web traffic. The

    company created a series of ads targeting Ivy League seniors and

    seniors from 40 other top-rated schools, both on a pay-per-click

    and pay-per-impression basis. The results? For the impression ads,

    8,000 impressions were allocated to the Ivy League ad, and 14,000

    impressions to the ads targeting other schools. Click-through rates

    averaged 0.06 percent in both cases. Both click campaigns, however,

    had over one million impressions each, with the Ivy League ads

    achieving a 0.15 percent click-through rate and other school ads

    registering 0.10 percent.

    Through careful monitoring and comparison to other

    measurements like Web analytics, One Day, One Job found that

    Facebook referrals tend to be more engaged Web site users: They

    13 Lawson, Matt. Winning Facebook Tactics for Todays Search Marketer. MarketingProfs: MarketingResources for Marketing Professionals. 08 June 2010. Web. 02 July 2010..

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    10/13 2010 4imprint, Inc. All rights reserved 2010 4imprint, Inc. All rights reserved

    visit more pages and stay on the companys website twice as long as

    the average user.14

    10. Connections on Facebook: This filter of targeting defines the

    relationships of users to a specific page, event, group or application.

    If a user has already liked a business, that business can create

    future ad campaigns promoting specific events, products or services

    to just those theyve already engaged. This is also a nice way of

    preventing ad exhaustion of advertising a Fan Page to users that

    have already liked a page by eliminating them as a target.

    Campaigns, pr ic ing and schedul ingThe last step in Facebook ad creation is naming or selecting a campaign, naming

    the price and scheduling the ads. These options look like this:

    Figure 315

    Selecting the Create a new campaign option will require that a name is given

    to an ad campaign. While the same ad can be used in multiple campaigns, each

    campaign can have unique settings such as the targeting, pricing and scheduling.

    Therefore, be as specific as possible in the name to help differentiate between

    campaigns when the time comes for measurement.

    Selecting a new campaign will also require setting some spending limits throughthe Daily Budget and the Max Bid. Once the Daily Budget is reached, the ad will

    no longer be shown that day and, therefore, advertisers will not be charged

    beyond what they are willing to spend. The Max Bid is a way to increase the

    effectiveness of an adthe higher the bid, the more likely it is to appear to users.

    14 Case Study: A Facebook Experiment in Ad Targeting. MarketingProfs: Marketing Resources for MarketingProfessionals. Web. 05 July 2010. .

    15 What Do You Want to Advertise? | Facebook. Welcome to Facebook. Web. 01 July 2010..

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    11/13 2010 4imprint, Inc. All rights reserved 2010 4imprint, Inc. All rights reserved

    The default daily budget is $10, but can be set to as little as $1 per day. The

    default cost per click is 30 cents and the default cost per impression is 70 cents.

    These numbers have to jive with one another and ultimately depend upon a

    businesss overall advertising, marketing or public relations budget. Budgets and

    bids should be set with a goal in mind. Specifically, the goal established prior to

    developing the Facebook ad. If the goal was to drive traffic, think about click

    through and conversion rates. How many per day would constitute success or

    return on investment for the campaign? If the goal was to increase impressions,

    how many impressions per day would constitute success or return on investment?

    When in doubt, CPC is almost always appropriatein most cases it offers the

    biggest bang for the buck.

    The last piece is scheduling. Should an ad run continuously until a business

    decides to stop, or should an ad run between specified time periods? If this is the

    first time around the Facebook-ad block, or a new ad has just been developed,

    testing short-term ads within a designated time period is always a good idea:

    Establish the campaign, pricing and scheduling in a limited manner the first time

    around until a successful ad is created and an appropriate price has been set that

    reaches goals and stays within budget. Then, move forward full-throttle with a

    long-term campaign with an open end-date.

    After the cost piece has been taken care of, review the ad and launch it!

    Measurement and report ingMeasurement is key to determining the success of current and future campaigns.If something isnt working, the beauty of Facebook ads is that you can stop them

    before wasting money, and try again with a different message, targeting or

    budget. Or perhaps, measurement will show that Facebook just isnt the place for

    a business or campaignand thats okay, too.

    Facebook ads and pages have a built-in measurement dashboard with a myriad

    tools for reporting to determine the value and effectiveness of campaigns. This

    dashboard, also known as the Ads Manager, shows an overview of stats for allads can be seen through the Campaigns tab of the Ads and Pages link of the

    page administrator. Statistics relating to individual ads can be seen through the

    My Ads link.

    The basic information provided in both covers the name of the ad, the status of

    the ad, budget, clicks, impressions, click-through-rate (CTR), average cost-per-click

    (CPC) and the dollars spent to date on the ad(s). There is also a graph visual that

    illustrates the response of ads in comparison to the activity of the Fan Page.

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    12/13 2010 4imprint, Inc. All rights reserved

    The key insights to monitor are clicks, CTR and CPC. Each of these variables

    changes based on the type of campaign that is being run (by impression versus

    click-through) and targeting. In theory, the most successful ads have the highest

    CTRusers see the ad and are clicking through to find more information or

    engage in the call to action put forward by the ad. In smaller runs especially, this

    number is likely to go down over time as a targeted population is exposed to an

    adanother reason to watch and tweak ads and content regularly.

    For example, take Adventures in Missions, an international nonprofit organization

    connecting individuals to mission trips and based in Gainesville, Ga. In 2008, the

    organization began exploring Facebook ad campaigns to secure new applicants to

    one of its programs, World Race. Investing less than $100 in a two-week campaign

    that targeted users with Evangelical religious preferences, the nonprofit tested a

    series of ads varying text each time. Additionally, measurements from each test

    run were used to alter interests and demographic information of subsequent

    ads. Eventually, a full run was made and, in the first six months of the campaign,

    the nonprofit saw a click-through rate of 30-60 clicks per day. According to the

    organization, these views ultimately led to applications increasing two-fold.16

    Sometimes, people want more data and for this, Facebook offers Detailed

    Reports. These reports can be generated for download or exported for

    integration with measurement of comprehensive tactics of an overall advertising,

    marketing or public relations campaign.

    These reports are customizable in a few different ways17:

    By advertising performancethis offers many of the same insights

    as the dashboard views, only in report form. It also includes data on

    unique impressions and clicks, unique CTR and social action statistics

    (what did the user do on Facebook after exposure to the ad?).

    By responder demographicsthis provides valuable information

    on the people responding to ads in order to fine-tune market

    information or to target future ads. This includes data on

    demographics, percentage of impressions and clickers and

    unique CTR.

    By responder profilesthis provides information about the types

    of users who see or click on ads based on interests listed in user

    16 Handley, Ann, and Allen Weiss. Facebook Success Stories. MarketingProfs. Web. 01 June 2010..

    17 Help Center | Facebook. Welcome to Facebook. Web. 05 July 2010..

  • 8/9/2019 Facebook Ad Campaigns Blue Paper

    13/13

    4imprint serves more than 100,000 businesses with innovative promotional items throughout the United States,

    Canada, United Kingdom and Ireland. Its product offerings include giveaways, business gifts, personalized gifts,

    embroidered apparel, promotional pens, travel mugs, tote bags, water bottles, Post-it Notes, custom calendars,

    and many other promotional items. For additional information, log on to www.4imprint.com.

    profiles. Includes data on interests, books, music, television shows,

    the number of clickers who clicked on an ad that have a specific

    interest, and rank against interests across all of Facebook

    By viewcustomize reports by view, by summary, by data range and

    export format.

    If measurements are in-line with goals and budget, businesses are well on their

    way to becoming Facebook ad campaign success stories.

    Go forth and conquerFacebook ad campaigns are a highly targeted, easily measureable tool to ad

    to any overarching advertising, marketing or public relations strategy on any

    budget. Whats more, Facebook ads themselves can be liked and shared among

    users, often multiplying the impact of an ad and increasing a users engagement

    with a businesss or organizations presence on Facebook. Thats where advertisingand social media meet.