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Thread: Anyone used Facebook Ads before?

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    Default Anyone used Facebook Ads before?

    When it comes to technology, I think I'm still living in the 1990's - but I'm desperately trying to change that . The kids I coach know too much so I'd have to catch up!

    I've read what I could so far about internet marketing, e-commerce, and the like, so now understand a little bit about how Google works.

    Now, I logged onto my girlfriend's Facebook account (yes, I don't have one... ) and had a look at the process of putting up ads. It appears rather similar to Google (you put in bids and there are options on CPC, CPM etc)? But you also have the option of targeting exclusive groups; interests, age, region, etc. Because of the information people enter into Facebook, would you say it's a more efficient way of targeting the niche you're after, than, say, Google?

    If anyone's used Facebook Ads, any comments on how effective these ads are will be greatly appreciated. Personally, I feel that if Facebook is managed well (and doesn't turn into a Friendster), it may have a chance of taking Google on.

    I don't have anything to advertise, I'm just learning everything I can in relation to e-commerce, IM, etc.

    In the future if I do come up with something I think I may need to advertise it. How expensive can these exercises be?

    Thanks in advance.


    ---------------------------------------------------------------------------------




    How does the auction for Facebook Ads work?

    Every ad is bid on a cost per click (CPC) or cost per thousand impress...
    Every ad is bid on a cost per click (CPC) or cost per thousand impressions (CPM) basis. Each time a user views a page that displays Facebook ads, an auction takes place to determine which eligible ad(s) will be shown on that impression. Our auction is designed to make our advertising marketplace as efficient as possible so as to maximize the value created for users and advertisers. The auction takes several factors into account when selecting the "winning" ads:

    Bid
    The amount you bid on each ad indicates the amount you're willing to spend per click (CPC) or thousand impressions (CPM) on that ad. As part of this, we suggest a bid range based on how much other advertisers are willing to pay for the same target audience. We'll automatically discount the price you actually pay for the ad based on the cost necessary to win the auction.

    As an example, if you bid $1.00 CPC for your ad, you're indicating that you're willing to spend up to $1.00 for a click on that ad. However, if our system determines that your ad can win the auction with a bid of only $0.60, you'll only be charged $0.60 for that click. The purpose of this process is to try to price ads in a way that minimizes the need for you to continually update your bids in order to maximize ROI. We therefore recommend you bid your true maximum CPC or CPM to strengthen your ad's position in the auction, and allow our system to determine the true competitive price.

    Past performance
    The past performance history of the ad also plays a factor in delivery. Facebook ranks ads based on eCPM, which is calculated as:

    (for CPC campaigns) CPC bid x click-through rate (CTR) = eCPM
    (for CPM campaigns) actual CPM = eCPM

    If an ad doesn't perform well when it's first running on our site, or if its performance declines over time, our system will determine that this ad is less likely to perform well in the future and will display the ad less often as a result. Monitor your CTR from your Ads Manager to ensure good performance. If you are seeing a decline in performance, try editing your ad creative so that it resonates better with your target, adjust your targeting or raise your bid to be more competitive.

    Quality
    In addition to an ad’s maximum bid, quality is a factor considered for ad delivery. An ad's quality is calculated based on a variety of factors including the positive and negative feedback that an ad has received from users in the form of the number of "Likes" and "X" of your ad. We encourage you to create ads that facilitate a positive user experience and generate good feedback, by following our Ad Guidelines and creating ads that honestly represent the product or service advertised.

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    Default Re: Anyone used Facebook Ads before?

    I know personally when I go on facebook it is to socialize. I never click the links and banners regardless of how cool it looks.

    I read a article explaining why it's not smart to advertise on facebook somewhere but I'd have to look deep and hard for it.
    It could have just been a propaganda article.

    I'd assume your advertisements would have to be targeting an older crowd who doesn't really understand how annoying advertisements can be.
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    Default Re: Anyone used Facebook Ads before?

    Facebook ads are effective for all ages pretty much, you just have to have real interesting content and target the right folks. When I got engaged I started getting ad's for unique groomsmen gifts, some of them i clicked on and got great ideas from.
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    Default Re: Anyone used Facebook Ads before?

    Here's a great step by step guide to Facebook ads:

    Dialing In Your FaceBook Campaigns

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    Default Re: Anyone used Facebook Ads before?

    I used them before and have had good ROI.. it's just like AdWords, you have to pay attention and adjust daily or you can lose a lot of money.
    Need your website made? Find and hire a freelance web designer/developer at Freelancify.com (my own Fastlane startup, so please support!)

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    Default Re: Anyone used Facebook Ads before?

    I think my problem with banners and advertisements is they just annoy the hell out of me and I never click them.
    Not once have I thought
    "Oh wow cool looking ad! I want to see more!"
    I've been on the internet along time and can pretty much find anything I want easily.

    I know what channels to go through. I suppose not everybody has the know how for that.
    Taking a break from websites.
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    It's GOOoooD.
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    Default Re: Anyone used Facebook Ads before?

    I get a good amount of traffic from my fan page and the facebook ads.
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    Default Re: Anyone used Facebook Ads before?

    I've now read a few articles indicating that the click through rate for Facebook ads are in fact reeeeeeeeeeally low, compared to Google Ads. But the advantage is that it increases exposure to your product - and if the users don't click, you don't pay (under one of the options). So it's pretty much a free banner for you if they don't click.

    Sounds like a good deal to me...

    But if most users are like bateati, filtering out all the noise (ads) during their surfing experience, then I guess even having banners are unlikely to be useful.

    Which comes the the question - do ordinary Facebook users actually notice what's going on at the right-hand-side of the screen? I think the interface is so well-designed that you hardly notice the ads! Don't get me wrong, that's good - works for a good user experience... but revenue-wise...

    I'm not sure what the typical Facebook user does - would they ignore the ads? I might do an unscientific experiment with all the people I know who use Facebook and ask/observe their online interaction with Facebook ads.

    I think if we're able to effectively leverage this channel, while it's relatively cheap, then it's a good way to get yourself out there via the internet.

    Thanks JLH, this seems like the exact thing I'm thinking about.

    JamesF and GlobalWealth - what are the stats like, if you don't mind me asking? Cheers

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    Quote Originally Posted by JamesF View Post
    I used them before and have had good ROI.. it's just like AdWords, you have to pay attention and adjust daily or you can lose a lot of money.
    I learned this the hard way in my first day, here's my stats from 1.5 days of ads:

    Name:  Ad Stats 01.05.11.png
Views: 336
Size:  28.1 KB

    I've gotten tons of impressions and quite a few clicks, however, I have received NO "conversions", which are defined as a contact hit, whether it's an email, phone call or Skype message since the ad leads directly to my Contact page(below is what the ad looks like):

    Name:  JeffersonFranklinAd 01.05.11.png
Views: 337
Size:  35.5 KB

    My concern is looking at my GA account, I'm afraid that either my landing page is wrong OR there's click fraud involved as the average time on my site is less than 1 second and there's a very high bounce rate:

    Anyone used Facebook Ads before?-analytics-01.04.11.jpg

    Anyone used Facebook Ads before?-analytics-2-01.04.11.jpg

    Either way, it's like you said JamesF if I wouldn't have cut it back to $20/day I'd probably be at about $100 by now with no conversions and who knows how bad it would've been in a week, two weeks if I didn't check it last night to see I had used up all $50 of my Day 1 budget.

    Quote Originally Posted by GlobalWealth View Post
    I get a good amount of traffic from my fan page and the facebook ads.
    Any tips?

    I took a quick look at the article that jonleehacker posted, however, that's geared towards an affiliate product where conversion is an actual sale and 0.5% is a "realistic" conversion rate. I'd like to think a simple contact lead would be a much higher conversion rate.

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    Average time on site: 1 SECOND?

    You need to change your ad, buddy.

    It's WAY too generic.

    Or (worse), it's attracting people that won't even spend 2 seconds on your website!

    Design an ad that will ONLY attract people who want to HIRE YOU.

    e.g.,

    -Look at the local market first (there are tens of thousands of people within 20 miles of your office).

    -ONLY appeal to people who want to spend money on you-- NOT those looking for a freebie

    Instead of 400,000 impressions and 0 conversions, why not shoot for 5,000 impressions, 50 actual clicks, and 1 conversion?

    Or, design a landing page that gets their email address (offer to send them a free "how to save hundreds of dollars on your taxes" FREE tax guide if they enter their email addy. Problem is-- you should be doing this kind of lead gen WITHOUT pay per click on FB or google/bing/etc (using SEO for specific keywords).

    We spend tens of thousands of $$$ a year on PPC. We use VERY targeted keywords.

    And we track conversions-- actual bookings-- that come from the keywords.

    -Russ H.
    Beer & Pancakes 2012-- The EVENT

    "Control everything. Own nothing." -John D. Rockefeller

    "Don't confuse motion with action" -Ernest Hemingway

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    Have you considered doing a separate phone # for each ad?

    That way, you can see which ads are generating calls-- even if they DON'T click.

    -Russ H.
    Beer & Pancakes 2012-- The EVENT

    "Control everything. Own nothing." -John D. Rockefeller

    "Don't confuse motion with action" -Ernest Hemingway

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    Hi vr4playa,

    "Jefferson Franklin Tax" is not a good headline. You may want to change it to:

    "The Best Tax Planner EVER Or It’s FREE!"

    Then the body will be something like:

    WARNING: Do NOT Call ANY Tax Planner Until You've Seen This Video Or Read Our FREE CONSUMER GUIDE!

    7 Insider Secrets Of Tax Planning That They Don't Want You To Know - And It's NOT What You Think.

    xx

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    Quote Originally Posted by valuegiver View Post
    Hi vr4playa,

    "Jefferson Franklin Tax" is not a good headline. You may want to change it to:

    "The Best Tax Planner EVER Or It’s FREE!"

    Then the body will be something like:

    WARNING: Do NOT Call ANY Tax Planner Until You've Seen This Video Or Read Our FREE CONSUMER GUIDE!

    7 Insider Secrets Of Tax Planning That They Don't Want You To Know - And It's NOT What You Think.
    Valuegiver-

    I've got to disagree w/you here.

    You're selling tax services like it's an ebook or something else w/low cost.

    Or like what you'd put on a landing page where you're getting people from SEO (not from PPC).

    This is NOT how higher-priced services or products tend to do PPC, at least those we've studied.

    For the higher-priced items, it's all about making the ad SUPER specific, so only those who need the service (or product) will click on it.

    There are other approaches as well.

    But for all of them, the overall goal is not to get lots of clicks (b/c each click costs $$$).

    It's to get the click for people who:

    1. NEED or WANT your services badly enough to

    2. SPEND the $$$ you are charging

    -Russ H.
    Beer & Pancakes 2012-- The EVENT

    "Control everything. Own nothing." -John D. Rockefeller

    "Don't confuse motion with action" -Ernest Hemingway

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    Maybe we'll all be lucky here, and Paul (Rakona) will give input.

    Designing PPC campaigns for clients is what he does for a living.

    -Russ H.
    Beer & Pancakes 2012-- The EVENT

    "Control everything. Own nothing." -John D. Rockefeller

    "Don't confuse motion with action" -Ernest Hemingway

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    Maybe add a live chat to your site. Its not hard to do with Live Chat plugin for Wordpress | Integrate LiveChat with Wordpress

    I think you also get a free trial. You could then put 'chat with a tax specialist immediately'.

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    Another thot:

    This is FB after all . . .

    Why not have your happy clients post testimonials to your FB page?

    Nothing sells like happy customers.

    -Russ H.
    Beer & Pancakes 2012-- The EVENT

    "Control everything. Own nothing." -John D. Rockefeller

    "Don't confuse motion with action" -Ernest Hemingway

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    Quote Originally Posted by Russ H View Post
    Average time on site: 1 SECOND?

    You need to change your ad, buddy.

    It's WAY too generic.

    Or (worse), it's attracting people that won't even spend 2 seconds on your website!

    Design an ad that will ONLY attract people who want to HIRE YOU.

    e.g.,

    -Look at the local market first (there are tens of thousands of people within 20 miles of your office).

    -ONLY appeal to people who want to spend money on you-- NOT those looking for a freebie

    Instead of 400,000 impressions and 0 conversions, why not shoot for 5,000 impressions, 50 actual clicks, and 1 conversion?

    Or, design a landing page that gets their email address (offer to send them a free "how to save hundreds of dollars on your taxes" FREE tax guide if they enter their email addy. Problem is-- you should be doing this kind of lead gen WITHOUT pay per click on FB or google/bing/etc (using SEO for specific keywords).

    We spend tens of thousands of $$$ a year on PPC. We use VERY targeted keywords.

    And we track conversions-- actual bookings-- that come from the keywords.

    -Russ H.
    I will need to implement some of these tactics. For my first ad I tried to reel 'em in with the free initial consultation. As far as sticking to the local market, I want to go nationwide as this will be one of our USPs in that we can service clients anywhere(and have already done a few remotely via Skype).

    Quote Originally Posted by Russ H View Post
    Have you considered doing a separate phone # for each ad?

    That way, you can see which ads are generating calls-- even if they DON'T click.

    -Russ H.
    This would be down the road, as far as I'm concerned now, a call IS a sale, especially considering we have had a close to 100% conversion rate from calls to clients

    Quote Originally Posted by valuegiver View Post
    Hi vr4playa,

    "Jefferson Franklin Tax" is not a good headline. You may want to change it to:

    "The Best Tax Planner EVER Or It’s FREE!"

    Then the body will be something like:

    WARNING: Do NOT Call ANY Tax Planner Until You've Seen This Video Or Read Our FREE CONSUMER GUIDE!

    7 Insider Secrets Of Tax Planning That They Don't Want You To Know - And It's NOT What You Think.

    xx
    This is a possibility. However, Russ makes some good points below. Personally, I'd like to stick with our name being in the title as I want to start developing name recognition and not be like an eBook where it's focused more on the product and less on the brand.

    Quote Originally Posted by Russ H View Post

    It's to get the click for people who:

    1. NEED or WANT your services badly enough to

    2. SPEND the $$$ you are charging

    -Russ H.
    This is the end goal, however, I know that we will not be able to continue closing at around 100% so I'm happy with building up my sales skills through offering the free consults, which also helps to sharpen my tax knowledge as every situation is truly unique, however, there's something to be learned that could be applied towards the next potential client.

    Quote Originally Posted by Russ H View Post
    Maybe we'll all be lucky here, and Paul (Rakona) will give input.

    Designing PPC campaigns for clients is what he does for a living.

    -Russ H.
    I'd love that! I know I watched the 30DC vids on Adwords a couple times and feel like I almost have to be a "used car salesman" to get clients that are in the buying mood, however, I know that there is a higher degree of professionalism involved when you're doing taxes versus selling an eBook or niche product.

    Quote Originally Posted by dispin View Post
    Maybe add a live chat to your site. Its not hard to do with Live Chat plugin for Wordpress | Integrate LiveChat with Wordpress

    I think you also get a free trial. You could then put 'chat with a tax specialist immediately'.
    Will do. I already added the live Skype button to the contact page, however, a Live Chat feature on the homepage would be an additional layer of customer support availability

    Quote Originally Posted by Russ H View Post
    Another thot:

    This is FB after all . . .

    Why not have your happy clients post testimonials to your FB page?

    Nothing sells like happy customers.

    -Russ H.
    We're working on building up testimonials, one for sure that we need is from a recent client who got an IRS bill for $30k that we got down to $100

    In addition, we need to better position our "Benjamin Bonus" referral program where anyone who gets us 5 paying clients gets $100.

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    Just shootin' from the hip here and you probably know this but... If you are getting almost half a million impressions and only 72 clicks then I think something is very wrong. I think you need to make sure that you are targeting your region, college educated users, probably older people who actually care about their finances, and so on etc., etc., etc.

    Take a look at this page.

    This kind of advertising can be very frustrating but once you get the hang of it you can make a lot of money.

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    Quote Originally Posted by bateati View Post
    Not once have I thought
    "Oh wow cool looking ad! I want to see more!"
    For the most part, I have ad-blindness as well. I don't even look at the sponsored results in google (although part of that is not wanting to waste someones advertisement dollars, since I'm never out there to buy when searching.)

    But once in a while I see an ad that catches my eye. It's always one that doesn't have sound, doesn't jump out of it's boarders, doesn't use the same old "Seven secrets they don't want you to know!" and does have a pretty picture, with a quick description of what it is. Example: A drawing of a redhead holding a card and grinning with pre-determined victory, and a title below her that says "The Game of Dust, the worlds best tactical card game!"

    If you were trying to appeal to someone like me there's three things necessary:
    Your advertisement should universally look legitimate.
    If it's annoying, it'll push anyone who's spent more than three days on the internet away.
    And the advertisement needs to get the attention of the kind of person who would be interested, without bothering them.

    That last part is difficult, and I've seen it done poorly more often than not. Gentle movement can catch the eye without bothering. This means occasional transitions, or a slightly growing and shrinking glow effect around text, for example.

    ...

    The only flaw I can see with vr4playa's ad (and this is likely because it's way out of my interest zone!) is that phone number makes it look like a local service. I'd be expecting long distance charges, and someone on the other end to go "Oh, this is only for people within a 20 mile radius." So if I were to personally click, it would be with the expectation of checking out the freebie, but not calling because of that simple judgement.

    *Edit: And yes, I know the freebie is meant to be an actual consultation, but that doesn't mean I won't think "Might as well see if they got something else that's free there."
    Automation is important. This is an automated disclaimer: I'm not a lawyer, all advice is opinion, and I will not be held accountable for other peoples stupidity.

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    Quote Originally Posted by Flatlander View Post
    Just shootin' from the hip here and you probably know this but... If you are getting almost half a million impressions and only 72 clicks then I think something is very wrong. I think you need to make sure that you are targeting your region, college educated users, probably older people who actually care about their finances, and so on etc., etc., etc.
    Here's my targeting:

    Targeting

    * who live in the United States
    * age 18 and older
    *
    who like architect, architects, architecture, arch...itecture interior design, business administration, business analyst, business development, business development manager, business management, business manager, business owner, business studies, business systems analyst, busy, cars, comedy, cosmetics, cosmetologist, cosmetology, ecommerce, engineer, engineering, entrepreneur, entrepreneur magazine, entrepreneurs incubator, entrepreneurs organization, entrepreneurship, esthetician, fitness, information technology, internet marketing, investing, investment analyst, investment banking, music, real estate, real estate broker, real estate consultant, real estate investor, real estate investors, skin care, sports, sports cars, taxes, truck driver, trucking, vote yes reject new taxes, web design, web designer, web developer, web development, work, working, working hard or working too muchSee More
    * who graduated from college

    I originally left out "college grad" as I know that there are plenty of success people out there that didn't graduate from college as well as just people who are making a living without a degree and still need a professional tax preparer/consult.

    Let's see how this changes things since my target market went from 25m to about 8.5m by changing that one piece of criteria

    In addition, for the "interests" I chose professionals, entrepreneurial types as well as common interests, since again, EVERYONE is a potential client and the best ones are the ones with common interests so I can add a personal touch to our services

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