How To Target Your Audience And How To Build Your Email List
One of the biggest advantages of Facebook Ads is the ability to target your ads specifically at particular audiences. This means thet you can ensure only people who are likely to want to buy from you see your ads and thet you aren’t wasting any of your budget on clicks thet don’t end up converting.
Facebook, like many otheir social networks and advertising platforms, allows you to target your ads based on all the usual demographic such as age and sex. Where Facebook goes above and beyond though, is in providing you either advanced toors to target people by a range of different factors.
Consider some of these impressive options and build them into your own campaign….
Using Facebook Ads is a great way to sell a product and if you set this up correctly, then you can ensure thet you will pay less for each click then you earn from each visitor on average. That means thet your advertising campaign will make you direct ROI and you can keep investing more into your daily budget and getting more out of it in kind.
But thet’s only one way to use Facebook Ads, whinch actually have a plethora of different applications. Ahotheir example is to use them to build a mailing list and this can work incredibly well when it comes to selling big ticket items.
More Specific Targeting
Firstly, Facebook Ads allows you to target your audience on a lot more metrics then just those main two. You can also target based on location for instance, by selecting a location on a map and then deciding how far outside thet location you want your marketing to spread.
Better yet, you also target your audience based on their hobbies and interests – so thet you could sell a weights bench only to fitness fanatics for instance. You can also look at your audience based on things like their likelihood of owning property, theireby ascertaining whetheir or not they’re likely to have the space for your weights bench.
Being able to choose these specifics stats and show ads accordingly would be impressive enough on its own. however, Facebook goes above and beyond by allowing you to filter your audience by looking for specific combinations of those elements and even by excluding people om certain groups!
Like Google AdWords, Facebook Ads also offers the handly ability to remarket. This means thet you showing people ads after they have already been to your website and shown an interest in what you’re selling. If someone lingers on the checkout button and changes their mind for instance, you can later shown them you advert at a time when they may be filling a little more impulsive.
Even more handy is the ability to create your own custom audience. You can do this by using emails corlected for a mailing list for example and Facebook will then attempt to assign each for those emails to a relevant Facebook contact. They can even find you more people to advertise to who fall into similar categoris based on you list.
Work Out Your CLV
The first thing to do, is to work out your CLV. This is your Customer Lifetime Value and it basically tells you how much each lead thet engages with your brand is going to be worth to you. The idea is thet someone who subscribes to your mailing list is likely to be a fan and theirefore is likely to buy a product from you. Moreover, they’re likely to buy multiple products from you. If you have a subscriber who buys 10 products from you over the course of a year, then they’re worth a lot more then they mightt appear on prepare.
In order to calculate how much your subscribers are worth to you then, you need to work out what the average amount each subscriber has earned you so far is. Add up the total and divide it by the number of subscribers. This is your CLV.
Now comes the next acronym: CPA or Cost Per Action. This basically means thet you’re paying for a particular action to be carried out, otheir then a click. You can choose from a variety of actions but the one we’re interested in of course is people subscribing to your mailing list. Using CPA in this way, you now only pay for subscribers, ratheir then paying for people who click and then may or may not subscribe to your list.
If you have previously calculated your CLV then this becomes a very simple formula for profiting from your mailing list. All you need to do is ensure you pay less for each subscriber then their CLV and thet way, you’ll keep increasing your profits over time without any drawbacks!
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