Think Facebook Ads Don’t Work? (Think Again..)
How many times have you heard Facebook Ads Donāt Work?
Something along the lines of
They donāt work for my business..
They arenāt suitable for my industry..
Our customers arenāt on Facebookā¦
I hear this every day from Business Owners
They all have the same excusesā¦
ā But Iām in B2B
ā I donāt sell online
ā I donāt sell a physical product
ā My Audience is too old and isnāt on Facebook
ā I donāt have thousands to spend
Sound familiar?
Well.
YOU HAVE BEEN LIED TOā¦
Andā¦
Iām going to show whyā¦
We will admit.
Facebook ads may not work as they used to.
AND
Thatās why itās so important to go about them the right way.
The image below is the results from a recent campaign we managed
Client Facebook Ads Results
Time for a little perspectiveā¦
Facebook is the worldās largest social platform.
People all over the world use it.
And they use it for multiple reasons,Ā while posting all kinds of contentā¦
That is, itās not specialised.
Itās not video only (like YT).
Short posts only (like Twitter).
Or photos mostly (like Instagram).
This makes Facebook unique ā where it attracts all kinds of users.
Letās hammer that in.
Worldās largest social media platform.
Users can interact with videos, posts and photos.
Unique.
That means you can tell your businessā story in any way you want to slice and dice it.
Maybe the question you should ask yourself is.
Why wouldnāt you advertise on Facebook?
GrowingĀ āActive UserāĀ Base.
Facebookā registrations are continuously growing.
With Facebooks tighter verification methods this means more of your legitimate customers to connect with.
Hereās a stat for you.
Statista monitored Facebooks daily active users over financial quarters.
Facebook increased their user base by 8%(source). Doesnāt sound like much right?
They added 20 million users. In a year.
Thatās like everyone in Australia signing up to Facebook.
We donāt know of any other ADVERTISING platforms that are growing at that rate.
Itās Getting More Popular in Developed Countries.
A popular argument to bring down the value of Facebook ads is āDeveloped countries are using it less.ā
Before we discuss why thatās wrong letās try and understand it.
The argument requires a few assumptions.
First-world users are shifting to āVisual social platformsā like YouTube or Instagram.
And teens are abandoning Facebook for trendier platforms.
Resulting in businesses being encouraged to advertise on other platforms than Facebook.
Again. Letās call our good friends at Statista to help us out.
Social media use in Western Europe is on the rise (source).
Specifically, FB has gainedĀ 4.3 million active users in Western Europe,Ā from 2017-2018.
Thatās roughly 70% of the population of Victoria.
[Image of Victoria here]
Why This Stat Matters.
Consumer trends in first world countries set the pace for the rest of the world ā especially in tech.
And if Western Europe is continuing to use Facebook, then expect lesser developed countries to do the same. And thatās where many successful businesses will be. Thus, thatās where you should be too!
But ā consumer numbers arenāt everything. Thereās another important fact to noteā¦
FB is a Hotspot for Mobile Users.
Around 53% of internet users access it through mobile. This is a commonly known fact.
Statista coming in with another important stat.
Of all Facebook users, 95% use their smartphones out of habit.
And 32% routinely use their laptop. (source)
Putting those numbers in context. Look at your friends, family or even yourself.
What do you do when youāre bored?
When youāre waiting at a cafe?
When an ADVERTISEMENT comes on TV?
Most likely, pull out your phone.
Basically, this means that Facebook is a mobile marketerās dream come true. In fact, whatever mobile marketing you do, Facebook users must be a prime target.
Other Implications.
If youāre a business in the tech/software industry, you probably have a mobile app or two. And you need to find a market for it.
Facebook makes for the perfect market. With a 95% mobile use rate, you can quickly sell app downloads, just be designing ads for mobile compatibility!
Need More Stats?
The Facebook mobile stats are vital. Because the majority ofĀ your competitionĀ are already aware of it. And itās showing in Facebookās ad revenue.
Facebookās income isĀ āoverwhelminglyāĀ sourced from mobile ads (source). Specifically, in Q2 2018, FB madeā¦
- $11.86 billion from mobile ads (but)ā¦
- $1.17 billion from desktop ads (and) $0.19 billion from sales.
In essence, FB mobile advertising overshadows computer advertisingĀ by about 10 times.
FB is Actively Cracking Down on Fake Accounts.
We alluded to this fact before, but letās give it a number. In Q1 of 2018, FB took downĀ 583 million fake accountsĀ (source). And with this measure, FB constantly ensures that its user-base only includesĀ āactive accounts.ā
Why This Matters to You.
Because now, you waste less time targeting fake (and sometimes inactive) accounts.
Think about it. Who wants to spend marketing resources on bots and no-responders? Even worse, who wants to spend time on accounts that are only designed to feed othersāĀ āfollow countsā?
The answer is, no one. Including your business.
Facebookās active clean up measures make this reality.
You can now get max ROI when deploying Facebook ads.
FB is Now a Senior Platform.
We can thankĀ Pew ResearchĀ for insight in this area (source).
If you want to market to older folk, feel free to do so.
For starters, FB has one of the highest user rates by adult age groups. It actually ranks secondĀ (at 68%)Ā behind YouTubeĀ (at 73%).Ā And of those adults that use it āĀ 74% visit daily.
Add to that the reduced usage by teens. The previous source indicates that teenagers are less likely to use Facebook, opting for more visual platforms.
What This Means.
First, more seniors are using Facebook. Itās the reason why FB use is continuing to grow through the years, even though less teens use it.
But letās look at a new source fromĀ AARPĀ (source). There, youāll see that in 2011, seniors made upĀ 18% ofĀ FBĀ users. Yet in 2018, that shareĀ rose to 32%.Ā Thatās aĀ 14% increase.
As for those ages 30-49, there has been anĀ 8% increaseĀ in their usage rates.
Thus, Facebook isnāt a young personās platform anymore. Itās slowly turning into a website for mature individuals. And it works well for businesses that sell products aimed at those age groups!
Any Examples?
How about medical care services?
Many vie for senior citizens, especially those close to retirement. After all, seniors are a major market for healthcare specialists.
Or how about services that targetĀ āhigher net worth individualsā? The market for those tends to be individuals past mid-life, who have enough savings to affords expensive projects (like buying real estate, stock market investing, etc.).
Basically, if youāre a business that targets a more mature audience ā you need FB. Thatās where your audience is flocking. And thatās where you should be!
Millions of Businesses Brand on FB.
The previous points discussed marketing from aĀ ābusiness to end consumerāĀ perspectiveā¦
But what if youāre a business that sells to others? What if youāre a manufacturer/supplier of items used to make end products? If thatās your situation, Facebook can still help you.
How So?
First, your ads will targetĀ ābusiness decision makers.āĀ Those include managers, executives, marketing directors, etc.
You want to get their attention, then appeal to them with business offers, deals, and projects. And through FB, your likelihood of success in this domain increases.
Why? Because stats from FB show thatĀ business decision makers use FB 74% longer than normal usersĀ (source).
And do note that decision makers are busy people. Thus, the time they spend on FB isnāt for checking friendsā posts. They do so with the intention of networking with other businesses.
And this leads us to the next statā¦
Active Advertisers.
On average ā 6 million businesses on FB are actively advertising (source).
And by that, we mean heavy spending for self-promotion. So this stat excludes those who use FB for customer service. It also includes those who only use it toĀ ākeep track of followers.ā
It also excludes businesses that havenāt established aĀ āproper brandāĀ yet.
But of those who have,Ā 75% pay to promote their postsĀ (source). So as you can see, FB is absolutely vital in business marketing efforts.
It explains why so many business decision makers are there. And thatās because theyāre supervising the marketing, feedback of customers, and their brand reach.
So take this as an opportunity. If youāre not joining FB for end customers, then do it to find business partners!
FB Ads are Easy and Effective.
Letās set aside statistics for now.
FBs ads are easy to make. Plus, you can customise them to accurately target your audience. So you donāt have to waste money marketing to disinterested clients.
FB lets youĀ customise ads by location.Ā You can make sure that only certain locations see your ads, soĀ theyāre effective for local businesses.Ā You can also target by gender, andĀ minimum/maximum age.Ā So if your products are for a certain segment of the population, your ads only reach those.
You can also target byĀ education, interests, gender,Ā andĀ relationship statuses.
Itās Sophisticated Targeting.
With FB, your pay-per-click. When you factor in targeting, you find that you get great ROI on every ad dollar you spend.
Add to that ad reach. You can send out ads to thoseĀ āconnected to your business,āĀ thus gaining them as customers!
In a Nutshell.
Is Facebook changing? Yes it is.
Its demographics, approach, and consumer priorities are changing. But does it mean that itās dead as an ad platform?
Absolutely not.
FB ads are necessary. They should be a staple in your marketing efforts!
Looking to increase your twitter following? Checkout this Twitter Follower Guide
Would you like to see some fast results?
Now, thereās money to be made by applying the marketing ideas youāve read about in this post… Lots of money! Seriously…
But, to get that money into your bank account , you’re gonna need to apply AND probably customise these ideas so that they will work in your own unique situation.
If you want to take a shortcut and save yourself some trial and error experimentation in doing that, I can help you get up and running, quicklyā¦
FREE CONSULTATION
If the few ideas Iāve shared with you so far make sense, then Iād like to offer you a FREE consultation so you can see how my practical, results orientated approach can give you an advantage over your competitors, win you more sales and clients and then turn those first time buyers into loyal customers that will bring tens of thousands of dollars in lifetime value.
And, this time, a FREE consultation means exactly that, a free consultation ā not a āfreeā sales pitch.
The world is full of āpay-me-then-Iāll-show-you-what-I-can-doā people … but Iām not one of them. During your free consultation Iāll work with you to identify the very best strategy for you and your business and then show you exactly how to implement the strategy.
Iāll hold nothing back during our consultation.
Frankly, my goal is to impress you.
Why ā because, if I can show you how to get better results and make more money from our very first session working together, then you might just want to put me on your team.
And putting me on your team is remarkably easy and affordable.
From as little as one half day per month we could be putting marketing right at the top of your list of priorities, ensuring that you hit your targets and achieve your business goals quickly.
Youāve nothing to lose. So give me a call today on 03 9068 6905 to book your free consultation. Or you can shoot me through a message here: : https://digitalbond.com.au/strategy/