How to Optimize Your Facebook Ads for the Maximum ROI
by Game Marketing Genie, on 21-May-2020 10:54:35
The goal of all digital marketing campaigns is to drive traffic, generate leads, and boost company sales. If your campaign’s conversion is not optimized, then your ROI will be poor and your marketing dollars wasted.
Social media provides marketers with a friendly platform to reach customers with their marketing messages. Facebook is one of the most effective avenues for product promotion, with statistics showing that more than 2 billion people use the platform every month. Therefore, many of the people you are targeting with your game or brand are likely to be found on Facebook. With its targeted advertising, you’ll be able to reach them with your brand messages and get them to download your game and pay for its premium features.
With its targeted ads, incredible analytics system, and wide range of users, Facebook is a must have not only for gaming businesses that want to connect with their audience, but also for any brand that wants to have visibility and brand authority in their industry.
Facebook Ads is your go-to platform where you can plan, build, distribute and optimize your marketing campaigns from end-to-end. It has a range of features that can be specifically tailored to the needs of your business, helping you effectively reach, engage, convert and keep your customers.
There's more to it than that though! Learn all you need to know here: Facebook Advertising For Video Games.
Why isn’t Facebook Ads working for you already?
Running a business Facebook account is easy, but building a productive advertising campaign on the platform is a totally different matter. Most brands underestimate the platform and think that all they have to do to create a successful campaign is post pictures of their products to their target users. One thing they don’t realize is that people are not on Facebook to be sold to. Most people use the platform to watch cute videos of cats, connect with friends and family, see the news of the world, and to celebrate special occasions like birthdays and anniversaries.
People tend to avoid salesy posts, and this is where most marketers fail when promoting their brands using Facebook Ads. With overly promotional messages, marketers alienate Facebook users who visit the platform to relax, unwind, and have a good time. People are usually bombarded with advertisements throughout the day from other outlets, and they expect their favorite social media platform to provide them with an escape from all the advertising. The last thing they want to see when they log into Facebook is your ad asking them to download your app for the umpteenth time.
If this is how you have been structuring your ads, then it’s no surprise that Facebook Ads has not been working for you. To connect with your users, you should design your ads with an intentional goal that attracts and engages with your audience personally. The ads should appeal to your target audience, and this is only possible when you understand their characteristics and interests. Any social media marketing expert will also tell you to try and make sure the ads don’t come off too sales-y as this is the quickest way to lose the same users you are targeting.
A step-by-step guide to creating good ads
Here is what you need to do to make your Facebook Ad campaigns a success.
Choose your marketing objective
Your marketing objective tells the Facebook algorithm the purpose of your ad campaign to ensure the best delivery. It also helps Facebook to optimize your campaign and to determine the cost of delivering your ads.
Before starting any campaign, it is essential to select the right objective to ensure your ads fit into your customers’ buyer’s journey. Your campaign objectives could be awareness, consideration, or conversion.
If your goal is to reach as many users as possible with your products, choose the “awareness” objective. If you want to increase traffic to your website, select “consideration”. If the goal is to increase store visits and product sales, then “conversion” is the perfect objective for your ad campaign.
Create a custom audience
Facebook allows marketers to target customers with great precision by enabling them to create custom audiences defined by data sets such as age, location, gender, occupation, interests, and many more. Without this targeting, your ads could be shown to the wrong people, and your marketing budget will be wasted.
To ensure you reach the right people with your ads, you need to think clearly about who makes up your target audience. What are their unique characteristics and interests? Research intensively and create buyer personas for your target users. A buyer persona describes your ideal customer, and with this description, you will know how to structure your ads to ensure you are reaching them effectively. This form of detailed targeting will allow you to attract more users since your ads will be specific to their needs and interests.
Choose where your ads will be placed
Facebook offers various ad placement options that you can choose for your ad campaign. Studies show that where you decide to place an ad can affect the cost per click by up to 550 percent. It is vital for you to choose the right placement for your ads to ensure the best ad performance.
The different placement options include News Feed, Facebook Stories, Search, Messages, and external apps and sites. News Feed ads have a high engagement rate and click-through rate (CTR), and you should choose this placement for your ads if you are running a Facebook campaign for the first time.
Find out more about optimizing your Facebook ad CTR in our sister blog on Growth Marketing Genie here: 10 Ways to Increase Your Facebook Ad Click-Through Rate.
Set your budget and schedule
The goals you set for your campaign determine your marketing budget. Knowing which goal you are looking to address will help you determine which marketing objective to choose for your ad campaign. Marketing objectives have varied costs on Facebook, and this will determine how much you will pay for your ads.
When creating your first campaign, it is advisable to set a low budget cap. This will allow you to monitor how the ad performs and make the necessary adjustments going forward. Facebook allows marketers to set a daily budget or a lifetime cap for their campaigns. Both types can be adjusted during the campaign.
It is also essential to schedule the ads to ensure you are reaching your users at the right time. Find the days and the hours in a day your target audience spends most of their time online and schedule your ads to run at those times. This will help you generate the maximum engagement with your users, and it will result in a higher ROI.
Design your ad
After setting the budget and determining the ad schedule, the next step is to design your ad. Your ad should look good to appeal to the users you are targeting. It should stand out and not look like other ads run by similar businesses. The images and videos you use for your ad must connect with your audience to generate maximum engagement. The ad copy should be attractive as well to motivate readers to click your ad.
How to optimize your ads to perform well
With the ads designed to suit your user preferences, you need to optimize them to generate the best ROI, and so you’ll need some tips to get started.
Create a Facebook Business Manager Account
A Facebook Business Manager account is an effective tool that will make it easy for you to manage your Facebook page and ad accounts. It comes with a central dashboard that offers a glimpse of your page and the performance of your ads. The insights it provides will allow you to frame your business and marketing strategies to ensure your advertising budget is used correctly.
Embed the Facebook Pixel on all pages on your website
The Facebook Pixel is a code you can embed on your website to measure the performance of your Facebook Ads. It tracks the actions taken by users on-site after clicking one of your ads. The code works by triggering cookies to track the activity of users who find their way to your website after interacting with your ads.
It allows marketers to track page views, conversions, and other actions based on custom code settings. It is advisable to embed the pixel on all pages of your website and not just the landing page to be able to determine the pages that are a hit with visitors.
Facebook Pixel also comes in handy when you need to retarget users who have performed an action on your site. It can also be used to build targeted audiences for upcoming ad campaigns.
Segment your audience
If you are running one Facebook ad campaign and hope to reach every member of your audience and every stage of your buyers’ journeys, then you’re doing it wrong. Your customers have different needs, and they are at different stages of the purchasing process.
This is why it is important to segment your audience and create different ads for them. Use the information gathered when creating buyer personas to perform an audience segmentation and run targeted campaigns that will help you connect with every member in their various stages.
Use different ad formats
While we have talked about using different ad placements to reach your potential customers effectively, it is also important to use different ad formats to ensure your ads connect with your audience. While a Facebook image is the most commonly used ad format, there are other dynamic ad types that you can use to improve your ROI.
Facebook video ads are useful when you want to showcase multiple features of a product, while carousel and collection ads come in handy when you have many products to highlight. The best social media marketing agency would advise you to test different ad format combinations to see what works best for your brand.
Split test your ads
The key to proper Facebook ads optimization is to perform regular split testing. Use the A/B feature to select a campaign objective and perform a split test. This test will help you determine what is working well for you, thus allowing you to update your campaign features to keep the ROI attractive.
Some of the ad features that you should test include:
- Ad copy, especially the headline
- Ad placement
- Ad formats
- CTA, including the statement and color
- Unique selling proposition (USP)
- Design of the ads
Use Facebook’s analytics tools to see how you're performing and where you can improve further
You need to monitor your ad campaigns to see what is working and what isn’t. Facebook’s analytical tools allow you to keep an eye on vital campaign metrics such as reach, impressions, and clicks. You can also compare the performance of a campaign at two different time periods.
The importance of this analysis is to provide you with insights that will inform further campaign optimization. You will know which campaigns you need to end because they are not generating any results and which you need to replicate to ensure future campaign success.
Social media is your key to marketing success!
With the right strategy, social media can make your brand stand out among the masses and help you grow into a leading figure in your industry. Get all the tips you need to know in our ultimate guide here: Your Must-Have Guide for Social Media Marketing!
Marketing agencies provide full-service strategies to support brands and help them grow. If you are looking for the services of a competent digital marketing agency to take your business to the next level, Game Marketing Genie is here to help. With our team of experienced marketing strategists, analytics experts, content creators, and vast industry experience, we take a customized approach to create the perfect marketing plan for your business.
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