Do Facebook Ads Work? (110% Yes & Here’s Proof)
Social media has become an integral part of business growth today. If a business does not have a presence on social media, it may lose out on customers. This is why you find even the smallest of brands trying to leverage social advertisements and engagement to boost their reach and conversions — especially on Facebook. But many of these business owners find themselves asking: Do Facebook ads work?
As of the last quarter of 2019, Facebook has more than 2.7 billion monthly Facebook users. With this number of active users, it is clearly THE most popular social networking site in the world. Be it for professional or personal use, the social media channel is widely accepted by a wide range of demographics in the consumer market.
The above graph should give your business a strong reason to run a Facebook ad and expand your brand’s reach.
But the Question is… Do Facebook Ads Really Work?
Understanding how to leverage Facebook ads effectively is now more important than ever. Since it is a part of almost every successful social media marketing strategy, it is vital to know how your Facebook page’s posts can be seen by the ideal audience at the right time.
While the platform gives businesses the opportunity to reach a mass audience, almost 62% of marketers say the channel is simply ‘pay to play’ or in other words, do online advertising, and end up actually missing their target audience.
Do we agree? Absolutely not.
Here’s strong proof that Facebook ads work when executed properly. A Facebook ad campaign that we ran recently generated $103,510 gross sales for the business in just 8 months.
The first thing that is most likely to come to your mind upon seeing the above graph is that we had a big advertising budget. And that’s what made the Facebook ad campaign work.
Here’s a screenshot of the sales generated from the purchases made on the website and the cost per conversion (CPC):
This will help you to reflect on where you’re at and give you a clear and practical sense of what you need to do to achieve your goal. With each new goal, you’ll find that you are building on an ever-expanding repertoire of resources, skills, and experience that fuel your progress even further.
Since we had different ad campaigns with targeting options for different segments of the target market, the results weren’t so surprising.
What worked for us that we focused on understanding our ideal audience. The more we knew about them, the easier it got to launch the right campaign.
In order to increase the chances of getting a higher return on your investment, always know where your customer comes from, what they engage with the most and what triggered their purchase.
Apart from the general demographics, your campaign objective should be to create ads that offer micro and macro conversions based on where the customer is in the sales cycle.
When you make the effort to understand their needs, without being pushy for a sale, you automatically focus on creating advert campaigns that deliver value to the customer.
This results in a higher growth, engagement rate and click-through rate (CTR) on the campaigns. These campaigns might just be about boosting a post your customers are engaging with the most — or about simply promoting your page in their circles.
Simply put, the answer to do Facebook ads work or not, is a resounding YES.
However, before we dig into the different types of Facebook ads and the various ad formats that your business should experiment with, let’s first understand…
How Do Facebook Ads Work?
The explanation is quite simple: while paid search helps your target market find your business, paid social campaigns help your business find potential customers.
Facebook advertising does the latter. Similar to Google Ads, this advertising platform works by letting you reach out to targeted prospects and customers. It targets specific user segments that are more likely to be interested in the products and services offered by your brand. The bottom line is, it gets more sales in the process.
Many businesses new to social media marketing doubt the power of Facebook ads. They continually debate on whether they would work for their market or product. Which is why you need to test the waters yourself before executing an ad campaign. It’s always good to make educational decisions, so why not?
With immense user data about your target customers day-to-day activities, the level of targeting offered by Facebook rivals no other platform. By using their Facebook Ads Manager tool, you will be able to view your ads’ CPR, CPM, CPC, average cost and more.
So, the number one step that you as an advertiser should take is to identify ad campaign objectives.
Do you want to…
- Drive relevant traffic to your site?
- Generate more leads?
- Encourage users to interact with your Facebook page?
- Secure more sales?
- Expand your brand’s reach?
The clearer you are about your goal, the better results you will see. You may want to stick to running one ad at a time or experiment with multiple goals to understand what is fetching you the highest return on investment.
The audience segmentation on Facebook Ads Manager lets you define what your ideal customer looks like. Their robust system then displays your ads to users who fall under the demographics you defined. In other words, these users exhibit the type of behavior you have identified.
It all depends on how well you understand your customers, and how effectively you’re able to incorporate the data into the ads.
The various ad formats you can choose from are photo ads, video ads, stories ads, messenger ads, carousel ads, slideshow ads, collection ads and playable ads. For all of these, ensure that you’re using eye-catching images and clear CTAs.
Also, the type of format you choose for your campaigns tend to influence the results you get. You may also want to consider using a professional social media marketing company.
When it comes to answering the question do Facebook ads work, there is no one-size-fits-all answer. Your ads are based on factors such as:
- What your business has to offer
- The industry you are in
- The niche you are targeting
- The campaign goals you have
Let’s take a look at the different types of Facebook ads you can run for your business and what objective they can serve.
1. Page Likes
The very first ad type is the one that will boost your page’s organic reach. The goal of this campaign is to spread awareness about your brand and what you offer. It is to encourage your target audience to follow you on Facebook with a ‘like’ for further updates.
Since it is a micro conversion, most users are happy to interact with this ad type. The high engagement gives marketers a chance to target these prospects the right way. They can run lead nurturing campaigns with relevant content and more.
2. Engagement Ads
These ads help target existing users. They help to generate an activity on your business website or within an app. You could use these ads to highlight new features, new products or simply run an offer that encourages them to engage with your app or website once again.
This type of advertising campaigns are best suited to keep your existing customers engaged. These help them stay connected with the brand and also maintain a loyal community.
3. Post Promotion
We all know how a few posts do better than the others on social media news feed. When you’re driving people to your page, you will notice that they interact with some content more than what you have been posting so far. That’s your opportunity to target more customers from that segment.
Using post engagement ads to boost the reach of your content on Facebook will also get you more likes on the page – a double whammy!
4. Acquisition Ads
- App install ads
- Lead generation ads
- Product/service promotion ads.
5. Brand awareness
Sometimes the best way to get more conversions is to let people know more about your brand. Using Facebook ads you can boost the exposure your brand name gets. But this can only be done when you share remarkable content that establishes you as an industry authority.
These campaigns should not be focused on what your brand is all about. Instead, they should highlight why a customer should engage with it.
6. Localized ads
While some businesses focus on global brand awareness, there are some that have location specific goals. These campaigns are set using the geographic location of your customers. And target them with tailored offers for high relevance. It could be to encourage a store visit or to avail an offer on product purchase in a specific area.
With localization becoming an integral part of personalized marketing, these ad campaigns are a great way to boost brand recall value as well as conversions.
7. Website Conversions
Even though most brand awareness campaigns result in driving traffic to the website, the website conversion ads are a different ball game. They are super-targeted and specific in nature. In short: they take visitors towards a defined call to action on a particular page of your business website.
In order to get maximum results from these ads, try experimenting with different call-to-actions. Instead of using ‘learn more’, direct your users to a page where they need to sign up for a newsletter or a free trial of a product.
8. Website Clicks
If you’re new to the industry and are just starting to reach out to your customers, website click campaigns are your best bet.
These campaigns focus on one thing: driving traffic to your website. You could direct this traffic to your blog, product page, sales page, etc. The idea is to let the customer discover what you’re offering instead of pushing them towards a conversion right away.
For businesses that have different things to offer, you can make use of carousel ads to send traffic to different links. Similarly, you can also experiment with canvas ads that share the story of your brand with customers and nudges them to visit your website to know more.
9. Event promotions
Interactive content is what performs the best on Facebook. Promoting events and encouraging your target audience to participate is a great way to put forward your value proposition and get a chance to start a conversation without sounding too salesy.
But remember to not to club all your segments into one event promotion. The more targeted you remain, the higher attendance you generate.
10. Offer Promotions
Every business wants a chance to interact with their customer and highlight the value they can deliver. This is why you see many brands running promo offers or special discounts designed to appeal to their target market.
Whether you’re offering something for free, a content upgrade (such as an eBook) or a simple discount coupon for first time purchases, these ad types will work for you. They will help you stand out from the vast volume of content being shared on a user’s feed. The only thing you need to ensure is the look of your ad: it has to be appealing to your ideal customer.
11. Lead Generation Ads
The general approach to online lead generation is to drive users to a landing page via a digital advertisement. And have them fill out a form with their contact details. But things change with the new Facebook leads ads. Now, marketers have the opportunity to decrease the drop off from an ad to a landing page. Which is huge.
If you are still wondering “Do Facebook Ads Work?” then take a look at the screenshot below.
Facebook lead generation ad campaigns allow you to collect a prospect’s information without forcing them to leave the platform. This has resulted in a boost in lead generation results for both B2B and B2C businesses.
Once you have chosen the goal of your campaign and the ad type you would be running, it is time to focus on how you can maximize the results.
Making Facebook Ads Work
- Ad headline
- Ad graphic
- Ad copy (long form and short form)
- Ad type (carousel, single image, videos, canvas)
3. Split Test Ad Targeting
- Audience demographics
- Sociographic and behavioral targeting
- Bidding strategy
- Bidding rate
- Ad placement
Just like the hack above, you’ll be able to identify which ad set gets you maximum conversions and what specific demographic or strategy is making all the difference.
4. Set up A Custom Audience
Yes, Facebook targeting is one of the best when you’re trying to define your audience. But with billions of users, how do you pin-point those who are actually interested in what your business offers?
Installing the Facebook Pixel on your site, you can create a custom audience based on your previous website traffic. This lets you create a lookalike audience on Facebook. Allowing you to automatically reach out to consumers who are more likely to engage with you. In the process, increasing the number of conversions you get on an ad set.
To back up this practice, did you know that most online marketers agree that in this year 2019, audience targeting has been rising up to be one of the best ways to get conversion? Similar to segmenting your email list, create audience segments on Facebook to build content that would fit each of your audience’s interests. The more detailed your audience data is, the higher possibility you have to engage them. And obviously, better engagement means higher chances of conversions.
5. Retarget to Generate Leads
Instead of trying to generate leads on Facebook with a fresh campaign in an all new market, try retargeting your website visitors instead. A website visit is a clear indication that a consumer is interested in what you offer. Why lose the chance to convert him into a lead?
Try offering an upgrade or a special discount to those who have visited your website. What’s more these ad campaigns also improve the brand recall value, improving your conversion and engagement rates drastically.
6. Create a Drip Campaign On Facebook Too
Who says a drip campaign can be set only on emails? You can actually set your retargeting ads in a manner that nurtures your website visitors. And turns them into leads with the help of valuable content.
Create different ad sets, spaced out by a defined time period. Promote different content pieces to a website visitor based on what they have already interacted with or seen. For example, offer ebooks, whitepapers and other content upgrades that are specific to your niche. This way you would avoid looking like a business trying to spam with the same ad.
More variety and higher context leads to higher conversion rates at lower costs. Period.