New Facebook Ad Manager Looks Promising

Changes to Facebook Ad Manager

Recently, Facebook has been busy rolling out new features of its advertising platform. It first started with the addition of new types of Facebook ads, and now the social networking site is releasing a newer version of the ad manager. We’ve become accustomed to constant changes from Facebook, but this time, these changes seem to be in the favor of marketers.

Changes to Facebook Ad Manager

Three main changes will be made when ad manager alterations roll out to all users on May 25, 2011. The first change improves performance graphs (A). In other words, graphs shown to marketers are simplified and easier to understand. You’ll be shown how many people your ad has been exposed to out of your proposed target audience, and how many of those people are social connections (clicks on ads that were shown with the names of the ad viewer’s Facebook connections who have liked a page, an ad, etc.).

The second change improves ad measurements (B). These new metrics will focus more on the audience and how they responded to your ad. The best part of this? Data is now updated in realtime, allowing for quick and timely changes to any ads that might not be doing so well.

The third major change allows for better ad viewing: inline ad management (C). If you are anything like us, and are in your ad manager several times a day, you feel the pain of having to navigate back and forth between pages. Problem gone! You can see all necessary information, make changes, and toggle between graphs, all within one easy window.

Facebook has also added new methods of tracking success. These include things like reach, social reach, frequency, and connections made. Read more about the changes that Facebook has made in the PDF they released. May 25 is coming soon, you best be prepared!

Effectively Leveraging Facebook Advertising (part 2)

This is the second part of a two part series on Facebook Advertising. See part one of Effectively Leveraging Facebook Advertising here. Here are some recent graphs from a client’s Facebook advertising campaign.

Impressive Facebook Advertising ResultsQuantitative Social Media Measurement for one of our client's Facebook ads

In our last post, we talked about what we measure, how each metric is affected, and what they all mean. But you can’t just go sign up for a Facebook ad and automatically get these results. How do we get such great results from our Facebook ads? Read on…

Compelling Creative

We wouldn’t be in business if everyone could come up with a creative way to convey a client’s message to target audiences. Our creative team has been doing this for over 20 years, and Facebook ads are simply a new way to convey that message. When our creative team spends time working on our Facebook ads, they consistently achieve significantly higher results. We’ve tested!

Strategic Targeting

We don’t ever just blast out an ad to “everyone.” In this business, there is no “everyone.” There is always a specific target audience, usually many, that will be more interested than others in a clients message. If we are paying to send clients’ message to the wrong people, it’s a total waste of money. What we like about Facebook Advertising is that we can target users several different ways. We can target people based on their: location, likes/dislikes, relationship status, age, school, workplace, and more. With all of those options, we can usually pare down the audience to exactly the type of people that we want to target. That way, each time money gets spent to show the ad, it isn’t wasted on people that don’t care.

Tweaking and Maintenance

No, Tweaking and Maintenance aren’t our nicknames for the office interns. Rather, the terms describe the art of a successful Facebook Ad; the continual maintenance and tweaking of things like the ad copy (words in the ad), graphics, title, demographic targeting, keyword targeting, and bidding. We don’t have time to explain all the terms here, but the idea is to hit your different audiences sequentially, instead of all at the same time, so that you aren’t spending tens of thousands of dollars in a month. Instead, you target one audience after another. We monitor the real-time statistics to help determine when an ad has saturated a certain audience. When our results decrease to the point where our clients’ money is less effective and less efficient, we tweak (or completely redesign) the ad to target new audiences, or target the same audience a different way. This might be through different keywords, different creative strategy, or any one of the myriad adjustments that we can make.

Research and Planning

We didn’t just come up with a cute ad for our client out of nowhere. We started working with this client months and months ago, as every good campaign starts, with a marketing plan and a creative strategy. That way, every time we want to create a new campaign or a new ad, we have all the information we need at our fingertips, and we are better equipped to clearly articulate our clients’ value proposition to their different audiences. Without the appropriate research and planning, we wouldn’t know who target audiences are, where they interact online, or what the client’s message should be.

So there you have it – more than you ever wanted to know about Facebook Advertising. Any questions?

Effectively Leveraging Facebook Advertising (Part 1)

Impressive Facebook Advertising Results

This is part one of a two-part series on Facebook ads. There was just so much to say about Facebook advertising that we couldn’t fit it all into one post!

We just started another Facebook advertising campaign for one of our clients, and we wanted to share some of the results of the first 10 days:

Impressive Facebook Advertising Results

Quantitative Social Media Measurement for one of our client's Facebook ads

What do those graphs mean? The first graph shows the number of people that clicked on our ad. The second picture is a spreadsheet of some of the numbers behind the results. At The Cyphers Agency, we are always measuring our results so (1) our clients know that their money is being used effectively and so (2) we can measure our success against benchmarks, and adjust strategy as needed.

If the graph above is somewhat confusing, no worries. Here is an explanation of each term and how it plays into the bigger picture:

Impressions

This simply shows how many times your ad was displayed to the audience you are targeting. In this example, we are targeting a very specific group of people, with only a modest budget, so the impressions are relatively low. Some of our Facebook advertising campaigns see tens of millions of impressions.

Clicks

This shows how many people clicked on your Facebook ad. As you can see in the graph, with under $32 in media costs, we garnered almost 300 clicks to our client’s website! (Debbie Downer Disclaimer: the costs described here are misleading as they don’t reflect all the planning and strategy that came before this ad’s execution)

Click Rate

This shows the percentage of people that saw your ad (impressions) divided by the number of people that clicked on the ad (clicks). This gives you a benchmark to compare to other ads and other campaigns. Although each industry and audience produce different average click rates, we tend to see an average of %0.02 – %0.04 click rate. This might seem low, but when you see how cheap it can be to reach 1,000,000 people in your target audience, those 200-400 clicks can be a huge boon for business. Combine that with several different ads, or with the rest of your campaign, and you’ve got some serious traction. Of course we’d like to take this opportunity to point out our stellar .22% average click rate!

Actions

“Actions” explains how many people interacted with your Facebook ad and decided to “like” whatever you are advertising. These are powerful numbers, because they (1) show affinity for your product/service/brand, and more importantly (2) are people whom with you now have direct communication. Similar to an email list, people that “like” your Facebook page will see your regular status updates. Often “actions” can be just as important as clicks; although sending people to the website (clicks) often drives immediate revenue, “actions” drive customer lifetime value, and help stimulate word of mouth marketing. What would you rather have, 10,000 people to your website or 10,000 people that will each tell 5 people that you are having a sale? Good thing you don’t have to choose, because we can deliver both. With under $32 spent, we’ve garnered over 180 subscribers to our client’s Facebook page! (not to mention the 294 visitors sent to the website!)

Cost Per Click (CPC)

This is a way to bid on the delivery of your Facebook ad. If you choose this option, you pay every time that someone clicks on your ad. When is this method best? When you (1) can’t target your audience or (2) your audience isn’t succinctly defined. This way, you can show your ad to 1,000,000 people, but if only one person clicks on your ad, you only pay for that one click. With Cost Per Thousand (CPM), you would need to pay for each 1,000 people to show your ad to all of those 1,000,000, just to get that one click. We did not use CPC bidding for the campaign in the graphs above, but Facebook still shows us our average CPC, based on what we are paying and how many clicks we have.

Cost Per Thousand Impressions (CPM)

Another way to get your ad in front of an audience is to bid a certain amount to show it to 1,000 people in your target audience. If you’ve narrowed down your audience to those that you know might be interested in your product/service, this can be a great way to leverage your budget. For example, if your audience size is 1,000,000 people, it will be expensive to show your ad to all of them, just to get to the 10,000 people that might be interested in your product/service. However if you use the targeting options (see “strategic targeting” and “tweaking and maintenance” below) you can start out just showing your ad to those 10,000 people. That way, you make sure that they see it, and can even show them multiple ads multiple times. We used CPM bidding in the example above, and it delivered a very good return on investment. When we created the campaign we could have paid for each click (see “CPC” above), which would have cost approximately 50-80 cents per click. But because we chose CPM, our cost per click is approximately 12 cents. This leverages our client’s budget so that we can get maximum exposure and results.

Spent

Simply put, this is the money spent for each day of results. As you can see, we earned this client an average of over 8 clicks for every dollar spent. That’s 8 people sent to the client’s page for every dollar spent, 8 people that interact with the brand, 8 people that are saying “I want to know more.” This is a strong example of how much your budget can work for you if you know how.