When your business is
in a specific niche, Facebook’s default prospecting options like
interest and demographic targeting may not be sufficient. Did you know
that, if your customer list is at least 100 people, you can import it
into Facebook and let its algorithm do the heavy lifting for you? This
is a powerful feature, and we recommend trying it out to everyone. If
your business is in a niche where interest-based prospecting is
insufficient, though, algorithmic matching and lookalike audiences are
your best friend.
If you’re not in a
highly focused niche, and you’ve segmented your campaigns into ad sets
targeted to separate audiences, there’s a chance that you have a high
degree of audience overlap, which is hurting the reach of your ads.
Audience overlap occurs when the different audiences that you’re
targeting with your ads have many of the same people in the same
cohort. This decreases the amount of reach your ads can generate and
can lead to other unintended consequences like ad fatigue, decreased
clickthrough rates, and decreased ad quality measurements.
Ideally, you want to
minimize overlap as much as you can. In certain niches, many of your
prospects share the same tendencies which cause them to be grouped into
the same audiences. Use your best judgment and try to minimize the
overlap where possible, but don’t lose your mind over slivers of it. To
check if your audiences have overlap, you can use Facebook’s handy
tool.
3. Click-Through
Rate Has Suddenly Decreased
If you never get a
decent click-through rate, you know your Facebook Ad has a problem
right out of the gate—in these cases, your copy and creative are
usually to blame. A high CTR reflects an audience’s interest and
responsiveness to your ad.
When analyzing
suspected issues with clickthrough rate, ask yourself this tough
question: are my ads boring? If the answer is yes, that’s likely to
blame, and should be the area to overhaul.
Some industries aren’t
the most entertaining, but that doesn’t mean your ads have to be
unengaging. Remember that interest is subjective, and if you’re
targeting the right audience, you will find people interested in
whatever industry you’re in. After that, it all comes down to the way
you create your ad and how appealing it is.
We recommend making
your Facebook Ads less sales-oriented and more focused on telling a
story, at least in the top portion of the funnel. As humans, we
subconsciously train ourselves to ignore loud, obnoxious ads that push
to sell something. Of course, there is no way around your offer and conversion-focused
part of your ad — you wouldn’t make any money without it! That part,
however, can be saved for retargeting prospects already familiar with
who you are and what you do.
When you’re looking to
first capture someone’s attention, try your best to make the ad look
like part of the prospect’s organic news feed and tell an interesting
story. Make sure you’re constantly A/B testing your ad creative and
keeping it fresh. For your efforts, you’ll be rewarded with a smaller
likelihood of falling victim to the brain’s pre-installed AdBlock.
However, if your
campaigns did well at one point and then your CTR took a cliff dive,
it’s time to take a closer look at your campaign.
Navigate over to the
ads you want to analyze and take a look at your frequency metric (you
may have to adjust your viewable columns to see it.) The frequency
metric tells you how often prospects see your ad. If the number is one,
that means the average prospect sees your ad one time. If your ad
frequency is higher than 2-4, chances are you’re running into some ad
fatigue.
Ad fatigue happens when
the same people in your audience are getting your ad too often. They
will likely stop responding to it, may leave negative comments on it,
or even report it as spam/choose to hide it, all of which hurts your ad
quality metric.
Once your frequency
gets too high, costs begin to creep up, and KPIs begin to slump.
Luckily there are a few ways for you to control your ad frequency.
Unfortunately, Facebook doesn’t allow you to set a hard cap on campaigns
not geared for Reach and Frequency, but there are a few ways to manage
your ad frequency.
For example, you can
run shorter campaigns and make sure your budget fits the audience. The
most important element, however, is consistently swapping out your creative.
Don’t run the same ad to the same audience for six months — try new
creative options and run A/B tests consistently. If you do this, even
if your frequency is a bit high, at least prospects will be seeing
fresh creative from you, reducing the likelihood of fatigue.
Sometimes small
business owners have trouble making changes to ads and ad groups that
have recently begun underperforming because they were successful at one
point, but remember that metrics don’t lie. Your digital marketing is
an investment, and you don’t want to keep holding onto an asset that is
underperforming based on the notion that it once did well. Don’t let
sunk cost bias keep you from making edits that will help your campaign
in the long run!
For reference, here are
some industry benchmark CTRs. A general rule of thumb is that if you’re
outperforming industry averages, you’re on the right track. Conversely,
if you’re underperforming them, it may be time for some changes.
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