Facebook marketing is considered the modern-age marketer’s paradise and there’s a good reason to that. Businesses of all sizes – whether it’s Small and Medium-size Business (SMB), Small Office Home Offices (SOHO) or large enterprises have tasted phenomenal success with their Facebook marketing campaigns.
Facebook marketing is considered the modern-age marketer’s paradise and there’s a good reason to that. Businesses of all sizes – whether it’s Small and Medium-size Business (SMB), Small Office Home Offices (SOHO) or large enterprises have tasted phenomenal success with their Facebook marketing campaigns. What is it that makes Facebook an effective marketing media – is it the sheer volume of its user base, effective advertising tools, or the ease with which you can measure the Return On Investment (ROI) on your Facebook advertising spend?
I’d say it’s a mix of all these factors which makes Facebook an ideal marketing tool. In this post, I walk through the 5 components of a successful Facebook marketing campaign.
Let’s face it – Facebook advertising is now more of a norm rather than an exception. Your competitors are either already using it or they’ll do so pretty soon. The number of Facebook business pages has shot up exponentially in the last few months. Now that almost every business has a page, you need to make sure your advertising campaign stands out from the competition.
Whether its images that immediately draw a user’s attention, eye-catching color scheme or unorthodox yet catchy slogans, innovation is the need of the hour to develop a successful Facebook marketing campaign.
Though most businesses are keen to jump aboard the Facebook advertising bandwagon, they do not know that these ads can be used in several different ways. As an example, you can create ad campaigns to encourage users to “Like” your Facebook fan page, point to some page on your fan page, or use it as a placeholder to drive ad traffic to your website by using conventional PPC ads.
It’s crucial to identify the target and then choose the type of ad accordingly. Choose a catchy title, description, image and the URL where it would point to.
In my opinion, Facebook’s advertising tools stand out from the competition largely based on the relevance aspect. Facebook offers incredible flexibility with its targeting tools so that you can pitch your campaign to a specific audience. For example, if you run a grocery store, you can connect with home makers in the local community and pitch attractive offers to them.
Relevance is key. If you design a fabulous looking Facebook ad campaign but it isn’t relevant to your Facebook fans, its all effort spent down the drain. Make sure to account for key factors such as age, gender, location and lifestyle in your ad campaigns.
Budget is a crucial factor in any advertising campaign and Facebook is no exception to that rule. Thankfully, Facebook provides the flexibility to pay based on CPM (Cost per thousand impressions) or CPC (Cost per click). While most businesses choose CPC as it’s more cost effective, you should try and clarify your needs in detail so that Facebook can recommend a suitable budget for you.
An advertising campaign can only be considered successful if it offers the expected ROI. Surprising as it seems, most businesses goof up on this crucial aspect of Facebook advertising. In my opinion, Facebook offers fantastic capabilities to measure the success of your advertising campaigns. As a business, you should regularly monitor your campaigns and adjust your investments. If things aren’t going as per plan, switch to a Plan-B.
Biz Tips Source: Smedio
Author: Douglas Idugboe, Digital and New Media Marketing Strategist. Founder and Editor in Chief of Smedio!