Marcee | October 29, 2019 | Inbound Marketing
If your organization is like most, you’ve probably been using social media platforms organically for your business for a while, posting occasional company updates or sharing your content. To level-up in the social media space and use social media to its best advantage for your business, you need to start investing in outbound marketing and running social media ad campaigns. But that can be a daunting task. Here’s our guide on how to get your social media ad campaign off the ground.
You want to reach people. Everyone is using social media. It’s really that simple. According to Hubspot, 42 percent of people in the world are using social media. That’s 90.4 percent of Millennials, 77.5 percent of Generation X, and 48.2 percent of Baby Boomers using social media, and on average, they’re spending over two hours every day on social networks.
Because of this, social media ad campaigns are scalable, relatively inexpensive, and can have a huge ROI. Most social media advertising platforms also have great analytics to help you analyze and hone your strategy and report on campaign performance.
Like any and all advertising campaigns, for your social media campaign to be successful, you need to begin with clearly defined goals. What do you want this campaign to do? That can depend on your industry, position, brand, and current situation. Some common goals include:
Social media ad campaigns can help you reach any of those goals, and your goal will determine who you target with your campaign, the ad creative and copy you use, and how you target your desired audience. Your goal will also determine how you calculate ROI and the effectiveness of your campaign.
One of the major benefits of social media advertising are the targeting options available to you, so determining your target audience is crucial to taking advantage of these options.
Social media users enter their names, locations, age, gender, and other demographic indicators, plus indicate their interests by their behaviors: watching certain videos, liking and engaging with posts, people, and brands, and clicking on all sorts of things that catch their eyes. Social media platforms leverage this information to serve the most relevant ads—the ones most likely to result in a like, click, or conversion.
So, you need to determine who you want to target with your ads. This will depend in part on the previous step, determining your goals. You might have various different groups of people you want to reach, but because of the differences in these groups, like their industry or stage in the buyer’s journey, you may have different goals pertaining to them.
If you don’t already have buyer personas, creating them would be helpful to understanding who you want to target with your ad campaign. Knowing basic demographic information about your ideal client, as well as their roles, goals, and challenges pertaining to your offerings can help you know who to try to get your ad in front of.
Let’s say that you’re a book publisher who publishes historical fiction. You want to grow your email list to send marketing content to readers of historical fiction who are likely to buy your books. Your campaign goal is lead generation, and your target audience will be historical fiction readers… but you want to be more specific than that, and social media can help. You know that people who like certain historical fiction authors and titles will like your books—and you can target them based on their demonstrated interests.
Guess what? This depends on your industry, target audience, and goals (ugh, we always say that).
That historical fiction publisher has an audience of women between ages 18 and 70, skewing toward 45-65, and they want to generate leads. For them, Facebook is going to be their primary advertising platform, though they might also use Pinterest, etc.
But for an industrial manufacturer who is selling to B2B clients, specifically, sourcing specialists/buyers who work for other large manufacturers, LinkedIn is probably going to be the most useful and relevant platform. This is both because that’s where professionals will be engaging with content related to their work and the targeting options that let you target audiences by their company and job title.
There are several factors to maximizing your budget, including choosing the right audience and targeting them precisely, using the right platforms, and having clearly defined goals for your campaign that guide all aspects from creative to targeting to placement. Another critical factor is actually setting the right budgets and parameters, and adjusting those as needed.
One of the great things about social media advertising is that you can monitor campaigns in real time and make adjustments as necessary. “Set it and forget it” sounds nice, and if you’re a social media advertising pro with lots of experience, maybe you can do that. For everyone else, monitoring your campaigns is crucial. Why? You might find that your budget is too low or too high, and you’re spending too much without seeing results or seeing marginal returns for additional spending.
If a campaign is spending all of its percentage of the lifetime budget for that day before noon, you might decide to end it sooner so the daily budgets would be higher and the ads would serve more each day. You might also discover that a campaign is working really well and you want to extend it past your original end date—that’s a great way to maximize your budget, because you already know it works and has the necessary ROI to be worthwhile.
Social media has so much potential in the marketing and advertising space because an audience—your audience—is already there, engaging with content. Taking advantage of that with advertisements can boost your advertising reach and ROI immensely, and the first step to doing that is getting a campaign off the ground. With a little practice and experimentation, you’ll see the benefits of those campaigns in your bottom line.
Still want a little help getting those social media ad campaigns going? We got you.
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