Connect with us

PPC

8 Ways to Drive Sales from Black Friday Facebook Ads

Published

on

8 Ways to Drive Sales from Black Friday Facebook Ads

Black Friday is a fantastic opportunity for ecommerce advertisers to skyrocket product sales and attract hordes of new customers. In 2022, US shoppers spent a mind-boggling $9.2B on online shopping during the Black Friday weekend, searching frantically for hot sales and big discounts.

However, while Black Friday can be hugely profitable, it’s also extremely chaotic.

As a Facebook marketer, you’ll be dealing with insane levels of competition, as rival brands pour eye-watering budgets into their campaigns and scramble to reach the same audiences.

If you think you can approach Black Friday like any other Facebook ad campaign, you’ll need to think again.

But don’t be disheartened.

To help you prepare for Black Friday and capitalize on sales fever, I’ve pulled together a set of expert strategies that will enable you to reach quality audiences, drive cost efficiency, and generate high-value conversions:

  1. Lay down the groundwork before Black Friday kicks off
  2. Be smart with audience segmentation
  3. Launch eye-catching creative assets
  4. Experiment with different ad formats to achieve superior performance
  5. Use action-driving, sales-led copywriting techniques
  6. Don’t hesitate to scale up successful strategies
  7. Optimize your ad delivery to stay competitive
  8. Avoid making last-minute changes to your Facebook Ads campaign

Best practices for Black Friday Facebook ads for ecommerce businesses

Follow these best practices, and you’ll be able to transform Black Friday madness into highly lucrative sales.

1. Lay down the groundwork before Black Friday kicks off

A lot of your most important work as a Facebook advertiser will actually take place before the sales even begin.

For example, if you wait until the Black Friday event begins to start generating website traffic, you’ll be miles behind the competition already. Instead, you need to focus on building up receptive, high-quality retargeting audiences in the lead-up to Black Friday weekend.

This all starts with the Facebook Pixel.

With the Facebook Pixel in place, you can begin to construct retargeting audiences based on customers who have engaged with your ads, visited your website, or purchased your products. These segments are known as Custom Audiences, and since they’re already familiar with your brand/products, they’re significantly more likely to convert.

(If you have a sizeable email list, you can also use customer email addresses to build a new Custom Audience on Facebook.)

black friday facebook ads - custom audiences on facebook ads

Source

Custom Audiences can last for up to 180 days, so if you start driving traffic to your website in advance, you can hit the ground running on Black Friday. Rather than starting from scratch, you can immediately target hot prospect audiences that have previously engaged with your business, allowing you to maximize conversions–and fast.

You can also use Lookalike Audiences to expand your Custom Audience targeting, extending the reach of your campaign while still focusing on relevant consumers.

Black Friday is a ridiculously competitive period, so advertisers that can immediately focus on cost-efficient audiences will have a serious advantage.

🛑 Free guide >> The 16 Most Effective Strategies for Facebook Ads Success

2. Be smart with audience segmentation

As I’ve already mentioned, building up re-engagement and retargeting audiences ahead of Black Friday is key.

But it’s also important to segment these audiences effectively.

For example, users who have completed multiple purchases on your website in the last 60 days should be a high priority. These are existing customers who are clearly interested in your products and represent a massive revenue opportunity on Black Friday.

On the other hand, users who have previously viewed one of your videos may be curious about your products, but not quite ready to commit to a purchase.

Rather than treating all of these audiences as equal, think carefully about how you’ll approach them on Black Friday. While high-value customers may just need a simple discount message, ad engagers might require a little more convincing to make the leap and purchase a product.

You should also consider how to balance your marketing budget across these retargeting audiences.

When it comes to Black Friday, there’s no room for inefficient spending. Identify your ‘bullseye’ audiences of hot prospects and existing customers, and make sure you’re allocating enough budget to drive as many conversions as possible.

🎯 Need targeting help? Get the guide >> 10 Facebook Ad Targeting Strategies That Work In a Privacy-First World

3. Launch eye-catching creative assets

High-quality creative assets can be a powerful weapon during the pandemonium of Black Friday. Capturing the attention of your audience is half the battle.

To start with, make sure that both your products and Black Friday promotions are crystal clear in your ad visuals. Users are going to be scrolling through an ocean of generous discounts, so they need to understand your offering at a glance.

You can also look at previous competitor Black Friday campaigns in the Facebook Ad Library to gather valuable intel. How are they positioning their products and price promotions, and how can you differentiate your brand this year?

Whether it’s a static image or a video, make sure that your creative assets are designed to immediately grab attention. Motion and color can be super effective here, so don’t hesitate to think outside the box and separate yourself from other marketers.

Remember, the most successful Black Friday advertisers aren’t trying to create artistic masterpieces. They’re using high-quality product images and bold visuals to communicate their promotions and generate sales.

black friday facebook ads for ecommerce - example of facebook ad creative

Source

4. Experiment with different ad formats to achieve superior performance

Black Friday is an unpredictable event for Facebook advertisers. What might work in your normal campaigns may not perform here, and vice versa.

To help you identify new creative opportunities and effective placements, make sure you’re experimenting with different ad formats across Black Friday.

Not only will a diverse combination of ad formats keep your creative messaging fresh, but it will also provide you with more opportunities to engage your audience and showcase your product promotions. By testing out new ideas and reacting quickly with optimizations, you’ll significantly increase your chances of driving sales.

For example, Facebook data shows that video assets are extremely popular during Black Friday, with 30% of mobile shoppers claiming that video is the best format for discovering new products.

black friday facebook ad ecommerce - video ad example

Source

Advantage+ Carousel ads can also deliver outstanding results on Black Friday as they allow you to show off a range of tailored product recommendations to your audience.

Getting out of your comfort zone is very important during the Black Friday weekend, since many of the usual Facebook advertising rules change. If you typically only run one or two types of Facebook ads, push the boat out, and try something new–you might be surprised at the results.

5. Use action-driving, sales-led copywriting techniques

Since you’ll be facing intense competition during Black Friday, every element of your Facebook ads will need to be designed to drive clicks and conversions.

Your ad copy is one of the most important factors to consider here.

Creativity is important, but incentivizing action is even more important. Whenever you’re crafting ad copy for Black Friday activity, focus on communicating clear discounts and compelling product benefits–there’s no room for irrelevant information.

While functional ad copy may not be the most witty or imaginative, if it generates sales, it’s doing a good job.

Use your primary text to land your major selling points (i.e. 30% off this product collection) and then use additional copy to highlight added benefits such as free shipping or returns.

You should also look to employ sales-led copywriting techniques to make your ads as persuasive as possible. For instance, scarcity (i.e., only X products left) and urgency (i.e., sale ending in X hours) are powerful motivators for shoppers. You can also highlight big, simple percentages (e.g. 70% off normal prices) to make an immediate impact on consumers.

The more value your ad copy is communicating, the more likely customers are to convert.

black friday facebook ad ecommerce - ad copywriting example

Source

6. Don’t hesitate to scale up successful strategies

The Black Friday sale moves fast, and if you want to drive optimal results through Facebook ads, you need to be decisive.

By scaling up successful tactics and audiences, you can make the most of the sales period to maximize conversions. However, you won’t have the luxury of time–if you’re going to scale up budgets, you’ll need to scale them quickly and efficiently.

So how can you prepare for speedy and effective budget scaling during Black Friday?

To give yourself the biggest number of opportunities to scale, it’s a good idea to start your campaign with a diverse mix of broad audiences. While you’ll always want to allocate a healthy budget for your red-hot retargeting segments, you’ll also need to balance this out with larger audiences that will ensure sufficient scale.

Once you’ve identified creatives or audiences that are generating high volumes of conversions, you can begin to scale. This could be vertical scaling (i.e. increasing ad set budgets) or horizontal scaling (i.e. replicating/tweaking successful tactics).

It’s worth remembering that the Facebook ads landscape is highly contested during Black Friday, so you’re likely to pay more for impressions and conversions than usual. However, if you can scale up your campaigns effectively, your sales figures will compensate for it!

7. Optimize your ad delivery to stay competitive

Launching Facebook ads during Black Friday can be a frantic time, but to deliver the best possible returns for your business, it’s crucial to stay focused on ad delivery.

As mentioned, Black Friday is a unique event where you’ll be facing a ridiculous amount of marketing competition. Because of this, you may notice a couple of common issues with ad performance–restricted delivery and escalating campaign costs.

Fortunately, if you keep your eye on the ball, you can make a few key adjustments to overcome these obstacles and ensure consistent ad delivery.

The first thing you’ll want to do is accelerate Facebook ad delivery. When you accelerate delivery at the ad set level, you’ll allow the Facebook algorithm to invest your budget as quickly as possible, while still considering your bid cap.

This essentially means that Facebook will be delivering your ads as frequently as possible, which is perfect for a time-sensitive period like Black Friday.

ad delivery type facebook ads black friday

Source

However, that doesn’t mean your investment will be wasted on ineffective tactics. By putting smart Automated Rules in place, you can set up triggers that will automatically pause underperforming ads and protect your budget.

For instance, you may want to implement a rule that instantly pauses ads generating low clicks or a poor ROAS. This allows you to maintain campaign effectiveness while still accelerating delivery for a limited time.

Since you’re likely to spend more during a Black Friday campaign, it’s also a good idea to adjust the spend limit on your Facebook Ads account. Advertising costs tend to increase rapidly over the Black Friday weekend, so if you want to avoid issues with ad delivery, you’ll want to give yourself a little more flexibility in terms of campaign spend.

8. Avoid making last-minute changes to your Facebook Ads campaign

Although Black Friday can be a chaotic time for Facebook advertisers, you need to avoid making last-minute tweaks and adjustments to your campaigns.

Why?

Because whenever you launch new Facebook ads, the algorithm automatically enters a Learning Phase.

During this time, the platform will serve your ads to different audience segments, gather performance insights, and make optimizations to improve performance. Results will often fluctuate during this initial learning period, but this is completely normal. While it might be tempting to intervene, you need to trust the algorithm and be patient.

The Learning Phase usually needs to complete around 50 conversion events before performance stabilizes, so if you start interfering with your campaign, this learning process will reset–and you’ll be back to square one.

(As you’ll already know, time is money during the Black Friday weekend, and any optimization delays can be very costly!)

To avoid the need for last-minute changes, make sure that you’ve triple-checked everything from your target audiences to your creative headlines. It’s fine to pause ineffective audiences and upweight high-performing tactics once you’ve gathered robust data, but don’t rush in to make tiny tweaks during the Learning Phase.

Create compelling ecommerce Black Friday Facebook ads

Black Friday may seem like an intimidating event for advertisers, but there’s no reason why you can’t profit massively from this e-commerce goldmine.

Though you’ll inevitably be facing a crazy level of competition, with the right Facebook ads strategies, you can cut through the noise to target and convert high-value audiences.

With high-impact ad creatives, data-fuelled optimizations, effective budget scaling, and laser-focused targeting tactics, you can embrace the chaos of Black Friday to drive exceptional results for your business.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address

PPC

5 Quick & Easy Ways to Get More Referral Traffic (+Examples)

Published

on

By

5 Quick Tips to Increase Referral Traffic

Search engines (mostly Google) are still the 800-pound gorilla when it comes to generating clicks to your website. But ignoring referral traffic from other sources like directories, social media, and other websites would be a huge mistake.

This is especially true as younger audiences increasingly search for businesses on social media and as referral traffic increased from 3% to over 10% of total traffic for the average website in 2022.

referral traffic growth year over year

In this guide, you’ll learn the most popular sources of referral traffic, how it helps your business grow, and what you can do to get more clicks from places outside of search engines.

Table of contents

What is referral traffic?

Referral traffic refers to traffic coming from a link on a site that’s not your own. If you clicked the link we added to the introduction of this guide, the website you landed on would count your visit as referral traffic.

By comparison, the other common website traffic sources are search and direct traffic. Search traffic comes from visitors clicking on search engine results. Direct traffic is from visitors that go directly to your website, like if they type your URL into their browser.

Examples of referral traffic sources can include:

  • Social media apps like Facebook or X (formerly known as Twitter)
  • Online directories like Yelp or Angi
  • Just about any non-search engine website like a blog post

👋 Need to get more website visitors? These 25 ways to increase traffic to your website will help you attract interested buyers in droves!

Why is referral traffic beneficial?

If you want to grow your business, attracting more referral traffic is an important step. Here are three reasons why.

Generate more potential leads

At the most basic level, increasing referral traffic means increasing the number of potential customers who visit your website.

But it’s not just more people coming in through your virtual door. It’s people that found you by actively clicking a link that interested them. So if the backlink they clicked is relevant to your website, those visitors have a high intent to learn about, and maybe purchase, what you sell.

Get more traffic from search engines

Backlinks from high-quality websites are a signal to search engines that your website is trustworthy.

Referral traffic - Graphic showing main SEO ranking factorsReferral traffic - Graphic showing main SEO ranking factors

Backlinks are still an influential search engine ranking factor, as shown in this graph from FirstPageSage.

As your backlink profile and referral traffic grow, you’ll land on more search engine results pages and generate more traffic from them.

Reduce your reliance on Google

Google is a fantastic source of traffic. But relying too much on a single source is dangerous—especially as Google’s constant updates can greatly affect your traffic overnight.

Referral traffic - Headline from search engine journal about Google volitilityReferral traffic - Headline from search engine journal about Google volitility

Headlines like this one from Search Engine Journal show why it’s important to diversify your website traffic sources.

As you diversify your sources of referral traffic, you gain more control over the success of your site. If one source, like search, takes a hit, you can buffer the dip with more traffic from another source like directories.

5 ways to get more referral traffic

So generating more referral traffic is important. But how do we go about getting more of it? Let’s dive in.

1. Get listed in online directories

Online directories are like the phonebooks of the digital age. People look to websites like Yelp, the Better Business Bureau, and Angi (formerly Angi’s List) to find the services and business they need.

Referral traffic - screenshot from YelpReferral traffic - screenshot from Yelp

Yelp is one of the most popular business directories, but there are dozens of others that will help increase your online footprint.

Ideally, you want exposure on as many directories as possible. But you also want to make sure that your information is current, so no one gets frustrated trying to reach you. You can even optimize your listings with things like images, service descriptions, and reviews.

🚨 Not sure if your directory listings are up to par? Use our free Listings Grader to instantly check your listing information across 20+ top online directories.

2. Submit guest posts

Guest posts are a great way to build up referral traffic. The idea is to reach out to websites that want content, and offer to write a blog post in exchange for the backlinks they provide.

It’s best to focus your guest posting efforts on sites that are related to your business, which means your content will be in front of a relevant audience providing top-notch referral traffic. If you can set up a regular guest posting schedule, all the better, because that allows you to keep your referral traffic from those sources steady over time and increase traffic to your website.

3. Write press releases

Press releases are a quick and easy way to get a wave of fresh traffic from referring URLs. It’s a great idea to do a press release for an event you’ll be hosting or to announce milestones like executive changes, earnings releases, acquisitions, and product launches.

Referral traffic - Press release from a breweryReferral traffic - Press release from a brewery

A press release is great for promoting new products or events while generating valuable referral traffic from the publications that pick it up.

But to be honest, if you are paying for a press release, you can write about pretty much anything and pretend it’s newsworthy. Some businesses even send out press releases whenever they get a new client.

4. Get active on social media

Social media sites are also natural contenders for bringing in referral traffic. Plus, there are several options to fit your brand and audience.

Facebook, for example, is fantastic for an older audience and organizing events. TikTok caters to a younger crowd and lets you show off your video flair. And of course, there’s LinkedIn, if your target customer is of a professional mindset.

No matter which social media platforms you choose, make sure your posts have a clear call to action that leads people to your website. That’s how you drive referral traffic from social media apps.

Referral traffic - Instagram post from Accessible Community Referral traffic - Instagram post from Accessible Community

Depending on the platform, you can add CTA links, buttons, or text in the caption.

5. Create link-worthy content

If you want to catch backlinks and increase the traffic you get from other websites, you need the right bait. In this case, we’re talking about content that other websites want to link to.

Here are a few types of content that writers and marketers love to link to:

  • Original data: Statistics from a survey or data your app captures
  • Infographics: A roundup of statistics or a visual presentation of a process
  • Opinionated blog posts: A fresh take on a common question in your industry

Once you’ve created your backlink magnet, share it with publications and thought leaders in your industry so they can link back to your site.

Referral traffic the easy way

Referral traffic is an important source of new potential customers. As search engines get more finicky, and more people search social media platforms, referrals will be an even bigger factor in your success online.

As you think about how to get more website visitors from more places, remember these five quick and easy ways to get more referral traffic:

  1. Get listed in online directories
  2. Submit guest posts
  3. Write press releases
  4. Get active on social media
  5. Create link-worthy content

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

PPC

5 Quick Tips to Increase Referral Traffic

Published

on

By

5 Quick Tips to Increase Referral Traffic

Search engines (mostly Google) are still the 800-pound gorilla when it comes to generating clicks to your website. But ignoring referral traffic from other sources like directories, social media, and other websites would be a huge mistake.

This is especially true as younger audiences increasingly search for businesses on social media and as referral traffic increased from 3% to over 10% of total traffic for the average website in 2022.

referral traffic growth year over year

In this guide, you’ll learn the most popular sources of referral traffic, how it helps your business grow, and what you can do to get more clicks from places outside of search engines.

Table of contents

What is referral traffic?

Referral traffic refers to traffic coming from a link on a site that’s not your own. If you clicked the link we added to the introduction of this guide, the website you landed on would count your visit as referral traffic.

By comparison, the other common website traffic sources are search and direct traffic. Search traffic comes from visitors clicking on search engine results. Direct traffic is from visitors that go directly to your website, like if they type your URL into their browser.

Examples of referral traffic sources can include:

  • Social media apps like Facebook or X (formerly known as Twitter)
  • Online directories like Yelp or Angi
  • Just about any non-search engine website like a blog post

👋 Need to get more website visitors? These 25 ways to increase traffic to your website will help you attract interested buyers in droves!

Why is referral traffic beneficial?

If you want to grow your business, attracting more referral traffic is an important step. Here are three reasons why.

Generate more potential leads

At the most basic level, increasing referral traffic means increasing the number of potential customers who visit your website.

But it’s not just more people coming in through your virtual door. It’s people that found you by actively clicking a link that interested them. So if the backlink they clicked is relevant to your website, those visitors have a high intent to learn about, and maybe purchase, what you sell.

Get more traffic from search engines

Backlinks from high-quality websites are a signal to search engines that your website is trustworthy.

Referral traffic - Graphic showing main SEO ranking factorsReferral traffic - Graphic showing main SEO ranking factors

Backlinks are still an influential search engine ranking factor, as shown in this graph from FirstPageSage.

As your backlink profile and referral traffic grow, you’ll land on more search engine results pages and generate more traffic from them.

Reduce your reliance on Google

Google is a fantastic source of traffic. But relying too much on a single source is dangerous—especially as Google’s constant updates can greatly affect your traffic overnight.

Referral traffic - Headline from search engine journal about Google volitilityReferral traffic - Headline from search engine journal about Google volitility

Headlines like this one from Search Engine Journal show why it’s important to diversify your website traffic sources.

As you diversify your sources of referral traffic, you gain more control over the success of your site. If one source, like search, takes a hit, you can buffer the dip with more traffic from another source like directories.

5 ways to get more referral traffic

So generating more referral traffic is important. But how do we go about getting more of it? Let’s dive in.

1. Get listed in online directories

Online directories are like the phonebooks of the digital age. People look to websites like Yelp, the Better Business Bureau, and Angi (formerly Angi’s List) to find the services and business they need.

Referral traffic - screenshot from YelpReferral traffic - screenshot from Yelp

Yelp is one of the most popular business directories, but there are dozens of others that will help increase your online footprint.

Ideally, you want exposure on as many directories as possible. But you also want to make sure that your information is current, so no one gets frustrated trying to reach you. You can even optimize your listings with things like images, service descriptions, and reviews.

🚨 Not sure if your directory listings are up to par? Use our free Listings Grader to instantly check your listing information across 20+ top online directories.

2. Submit guest posts

Guest posts are a great way to build up referral traffic. The idea is to reach out to websites that want content, and offer to write a blog post in exchange for the backlinks they provide.

It’s best to focus your guest posting efforts on sites that are related to your business, which means your content will be in front of a relevant audience providing top-notch referral traffic. If you can set up a regular guest posting schedule, all the better, because that allows you to keep your referral traffic from those sources steady over time and increase traffic to your website.

3. Write press releases

Press releases are a quick and easy way to get a wave of fresh traffic from referring URLs. It’s a great idea to do a press release for an event you’ll be hosting or to announce milestones like executive changes, earnings releases, acquisitions, and product launches.

Referral traffic - Press release from a breweryReferral traffic - Press release from a brewery

A press release is great for promoting new products or events while generating valuable referral traffic from the publications that pick it up.

But to be honest, if you are paying for a press release, you can write about pretty much anything and pretend it’s newsworthy. Some businesses even send out press releases whenever they get a new client.

4. Get active on social media

Social media sites are also natural contenders for bringing in referral traffic. Plus, there are several options to fit your brand and audience.

Facebook, for example, is fantastic for an older audience and organizing events. TikTok caters to a younger crowd and lets you show off your video flair. And of course, there’s LinkedIn, if your target customer is of a professional mindset.

No matter which social media platforms you choose, make sure your posts have a clear call to action that leads people to your website. That’s how you drive referral traffic from social media apps.

Referral traffic - Instagram post from Accessible Community Referral traffic - Instagram post from Accessible Community

Depending on the platform, you can add CTA links, buttons, or text in the caption.

5. Create link-worthy content

If you want to catch backlinks and increase the traffic you get from other websites, you need the right bait. In this case, we’re talking about content that other websites want to link to.

Here are a few types of content that writers and marketers love to link to:

  • Original data: Statistics from a survey or data your app captures
  • Infographics: A roundup of statistics or a visual presentation of a process
  • Opinionated blog posts: A fresh take on a common question in your industry

Once you’ve created your backlink magnet, share it with publications and thought leaders in your industry so they can link back to your site.

Referral traffic the easy way

Referral traffic is an important source of new potential customers. As search engines get more finicky, and more people search social media platforms, referrals will be an even bigger factor in your success online.

As you think about how to get more website visitors from more places, remember these five quick and easy ways to get more referral traffic:

  1. Get listed in online directories
  2. Submit guest posts
  3. Write press releases
  4. Get active on social media
  5. Create link-worthy content

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

PPC

Facebook Ads Benchmarks for 2024: NEW Data + Insights for Your Industry

Published

on

By

Facebook Ads Benchmarks for 2024: NEW Data + Insights for Your Industry

With over 2 billion daily active users, Facebook still reigns supreme as the most popular social media platform. And that’s part of the reason that Facebook ads continue to be an extremely popular solution for businesses looking to raise brand awareness, connect with prospects, and get new customers.

So how do you know if your Facebook ads are really working? We’ve got the data to answer your questions!

Just in time to inform your 2024 planning and help you better understand how your Facebook advertising campaigns are performing now, we’re sharing Facebook ads benchmarks across 20 industries, including benchmarks for click-through rate, cost per click, conversion rate, and more for two popular Facebook ads campaign objectives.

Table of contents

Key trends: The big picture

Over the last year, most businesses have seen their Facebook ads results improve, meaning their engagement metrics are going up and their advertising costs are going down. Here’s a deeper look:

  • Click-through rate (CTR) increased year over year for 9 out of 19 industries using Facebook Lead Ads. Some of those increases were fairly significant, especially for Arts & Entertainment and Education & Instruction. CTR decreased YOY for 15 out of 23 industries in the traffic objective, but average CTR still remains higher than other available data shows (1.51% vs. 0.9%).
  • Cost per click (CPC) largely decreased year over year. 9 industries saw a decrease in CPC YOY for the leads objective, while 14 saw a decrease YOY for the traffic objective. And for each objective, the increases weren’t drastic. This is interesting given the drastic increase in CPC across most (91%) industries for search advertising.
  • For the leads objective, 13 out of 19 industries saw conversion rate (CVR) increase year over year. The economy could play a role in the industries that saw decreases YOY. For example, with a volatile housing market, fewer people may have been looking to buy or sell, leading to a decrease in CVR for real estate businesses.
  • For the leads objective, cost per lead (CPL) stayed the same or decreased for 12 out of 19 industries. Again, it’s interesting to see this trend given the drastic increase in CPL on the search ads side, where 91% of industries saw increases in CPL in 2023.

The overall key takeaway? Facebook advertising continues to offer complementary advantages to search ads because of lower and more stable costs.

“One of the biggest things I’m always impressed with on Facebook is that, although advertising CPCs generally fluctuate across the board, Facebook ads CPCs differ so much less than what you might see on Google Ads or other search networks,” said Mark Irvine, Director of Paid Media at Search Labs.

Facebook ads benchmarks for traffic campaigns by industry

Facebook advertising allows you to choose specific ad objectives for each campaign. It then optimizes your campaigns against that objective, which helps you reach specific goals with your Facebook ads.

The traffic objective in Facebook ads optimizes your campaign to drive clicks from your ads to your landing page, app, or event. Traffic campaigns are popular among many small business advertisers because they help to drive more visitors (and potential customers!) to your website.

Business category Avg. click-through rate Avg. cost per click
Animals & Pets 1.63% $0.76
Apparel / Fashion & Jewelry 1.13%  $1.11
Arts & Entertainment 2.55%  $0.44
Attorneys & Legal Services 0.99%  $1.15
Automotive — For Sale 1.18%  $0.70
Automotive — Repair, Service & Parts 0.99%  $0.99
Beauty & Personal Care 1.34%  $0.88
Business Services 1.37%  $0.84
Career & Employment 1.31%  $0.70
Dentists & Dental Services 0.81%  $1.27
Education & Instruction 1.20%  $0.79
Finance & Insurance 0.88%  $1.11
Furniture 1.15%  $1.19
Health & Fitness 1.68%  $0.90
Home & Home Improvement 1.23%  $0.95
Industrial & Commercial 1.03%  $0.80
Personal Services 1.28%  $0.87
Physicians & Surgeons 1.02%  $1.08
Real Estate 2.45%  $0.65
Restaurants & Food 2.29%  $0.52
Shopping, Collectibles & Gifts 1.82%  $0.65
Sports & Recreation 1.30%  $0.77
Travel 2.06%  $0.43

Note: Since this campaign objective is specifically designed to drive traffic, cost per lead and conversion rate metrics tend to be on the higher side. It’s important to focus on the metrics that matter most for your ad objective, so we’ve omitted those metrics here.

Average click-through rate in Facebook ads for traffic campaigns

CTR or click-through rate is a measure of how frequently viewers click on your ad. Essentially, your campaign’s CTR indicates how compelling and click-worthy viewers deem your Facebook ads. For this reason, higher CTRs are a sign of strong Facebook ad copy and creative.

The average click-through rate in Facebook ads for traffic campaigns across all industries is 1.51%.

Business category

Avg. click-through rate

Animals & Pets 1.63%
Apparel / Fashion & Jewelry 1.13%
Arts & Entertainment 2.55%
Attorneys & Legal Services 0.99%
Automotive — For Sale 1.18%
Automotive — Repair, Service & Parts 0.99%
Beauty & Personal Care 1.34%
Business Services 1.37%
Career & Employment 1.31%
Dentists & Dental Services 0.81%
Education & Instruction 1.20%
Finance & Insurance 0.88%
Furniture 1.15%
Health & Fitness 1.68%
Home & Home Improvement 1.23%
Industrial & Commercial 1.03%
Personal Services 1.28%
Physicians & Surgeons 1.02%
Real Estate 2.45%
Restaurants & Food 2.29%
Shopping, Collectibles & Gifts 1.82%
Sports & Recreation 1.30%
Travel 2.06%

The industries with the highest CTR were Arts & Entertainment at 2.55%, Real Estate at 2.45%, and Restaurants & Food at 2.29%.

The industries with lower average CTR were Dentists & Dental Services at 0.81%, Finance & Insurance at 0.88%, and Attorneys & Legal Services at 0.99%.

“CTRs differ strongly between different business types across Facebook, even more so than on Google Ads. Successful Facebook Ads require impressive, visual proof to attract attention from the scrolling audience—and that’s why you see some of the best Facebook ads CTRs from those industries that can wow us with the promise of a good time, like Travel, Arts & Entertainment, and Sports,” said Irvine.

“These industries both fit in with the content we’re used to seeing on our feeds from our friends,” he added. “A night out or tropical getaway can be far more attractive than a visual portrayal of an automotive repair or a visit to the dentist. We see those strong divides in the Facebook ads CTR performance in these types of industries.”

Average cost per click in Facebook ads for traffic campaigns

Cost per click or CPC is a calculation of your total spend divided by your total number of clicks. Maintaining a lower average CPC on your traffic campaign means you can catch and convert website visitors at an overall cheaper cost.

For the traffic objective, a click would be a click from your ad to your website or whatever destination you set for your ad.

The average cost per click in Facebook ads for traffic campaigns across all industries is $0.83. This is much lower than the average cost per click in Google Ads of $4.22.

Business category Avg. cost per click
Animals & Pets $0.76
Apparel / Fashion & Jewelry  $1.11
Arts & Entertainment  $0.44
Attorneys & Legal Services  $1.15
Automotive — For Sale  $0.70
Automotive — Repair, Service & Parts  $0.99
Beauty & Personal Care  $0.88
Business Services  $0.84
Career & Employment  $0.70
Dentists & Dental Services  $1.27
Education & Instruction  $0.79
Finance & Insurance  $1.11
Furniture  $1.19
Health & Fitness  $0.90
Home & Home Improvement  $0.95
Industrial & Commercial  $0.80
Personal Services  $0.87
Physicians & Surgeons  $1.08
Real Estate  $0.65
Restaurants & Food  $0.52
Shopping, Collectibles & Gifts  $0.65
Sports & Recreation  $0.77
Travel  $0.43

The industries that saw the lowest cost per click were Travel at $0.43, Arts & Entertainment at $0.44, and Restaurants & Food at $0.52.

The industries that saw higher-than-average costs per click were Dentists & Dental Services at $1.27, Furniture at $1.19, and Attorneys & Legal Services at $1.15. Again, these CPCs are still lower than the average CPC for Google Ads at over $4. Plus, these industries have fairly high lifetime average customer costs, so it makes sense that their advertising costs would be higher than a restaurant or entertainment venue.

“The biggest trend I am seeing with this Facebook ads CPC data is that consumer demand remains strong despite the uncertain economy. Cost per click is well within range of what we’ve been quoting advertisers for years now, while click-through rate also remains strong,” said Tyler Mask, Senior Manager of Custom Solutions at LocaliQ.

Facebook ads benchmarks for lead generation campaigns by industry

Facebook ads running with the leads objective are meant to drive leads through form fills, messages, calls, and conversions.

In a leads objective campaign, you’ll be running Facebook Lead Ads, which include prompts directly within the ad to help you collect lead information.

meta advertising - conditional logic lead form example

An example of the Facebook Lead Ad form creation process.

We’ve included conversion rate and cost per lead as part of these benchmarks since this objective is optimized to drive leads and conversions.

Business category Avg. click-through rate Avg. cost per click Avg. conversion rate Avg. cost per lead
Arts & Entertainment 3.70% $0.87 9.77%  $13.46
Attorneys & Legal Services 1.79% $5.42 5.92%  $78.26
Automotive — Repair, Service & Parts 1.38% $2.86 5.35%  $58.56
Beauty & Personal Care 2.46% $2.16 4.61%  $52.46
Business Services 2.70% $1.73 7.57%  $22.65
Career & Employment 2.37% $1.34 7.02%  $18.17
Dentists & Dental Services 1.80% $3.82 11.34%  $29.08
Education & Instruction 2.44% $1.80 8.05%  $27.94
Finance & Insurance 1.98% $2.94 5.62%  $30.88
Furniture 2.55% $1.58 7.29%  $29.08
Health & Fitness 1.66% $3.60 5.76%  $60.95
Home & Home Improvement 1.80% $2.08 8.90%  $20.49
Industrial & Commercial 1.50% $2.69 10.13%  $37.71
Personal Services (Weddings, Cleaners, etc.) 2.72% $1.88 8.76%  $19.49
Physicians & Surgeons 3.17% $3.63 4.99%  $60.95
Real Estate 3.69% $1.22 9.58%  $12.43
Restaurants & Food 1.85% $2.61 5.63%  $45.15
Sports & Recreation 3.29% $1.11 8.24%  $15.33
Travel 6.62% $0.96 3.95%  $26.05

Average click-through rate in Facebook ads for lead gen campaigns

Although Facebook lead ads don’t necessarily require users to click to your website, they’ll have to click on the ad to become a lead. Plus, the option to click to your website still exists on the ad. You should prioritize a high click-through rate for your Facebook leads objective campaigns because it signals that your ad is attracting users to take action.

The average click-through rate in Facebook ads for lead gen campaigns across all industries is 2.50%.

Business category Avg. click-through rate
Arts & Entertainment 3.70%
Attorneys & Legal Services 1.79%
Automotive — Repair, Service & Parts 1.38%
Beauty & Personal Care 2.46%
Business Services 2.70%
Career & Employment 2.37%
Dentists & Dental Services 1.80%
Education & Instruction 2.44%
Finance & Insurance 1.98%
Furniture 2.55%
Health & Fitness 1.66%
Home & Home Improvement 1.80%
Industrial & Commercial 1.50%
Personal Services (Weddings, Cleaners, etc.) 2.72%
Physicians & Surgeons 3.17%
Real Estate 3.69%
Restaurants & Food 1.85%
Sports & Recreation 3.29%
Travel 6.62%

The industries that saw the best CTRs on their Facebook ads running with the leads objective were Travel at 6.62%, Arts & Entertainment at 3.70%, and Real Estate at 3.69%.

The industries with the lowest CTRs were Automotive – Repair, Service & Parts at 1.38%, Industrial & Commercial at 1.50%, and Health & Fitness at 1.66%.

Average cost per click in Facebook ads for lead gen campaigns

Every time a user clicks on your Facebook lead ads, you get charged—so trying to keep your average CPC as low as possible is a no-brainer. That said, you’ll also want to take your lead quality into consideration when evaluating your CPC. If your priority is to get the highest quality leads possible, then they may be worth the slightly higher CPC.

The average cost per click in Facebook ads for the leads gen campaign across all industries is $1.92.

Business category Avg. cost per click
Arts & Entertainment $0.87
Attorneys & Legal Services $5.42
Automotive — Repair, Service & Parts $2.86
Beauty & Personal Care $2.16
Business Services $1.73
Career & Employment $1.34
Dentists & Dental Services $3.82
Education & Instruction $1.80
Finance & Insurance $2.94
Furniture $1.58
Health & Fitness $3.60
Home & Home Improvement $2.08
Industrial & Commercial $2.69
Personal Services (Weddings, Cleaners, etc.) $1.88
Physicians & Surgeons $3.63
Real Estate $1.22
Restaurants & Food $2.61
Sports & Recreation $1.11
Travel $0.96

The industries with the lowest CPCs were Arts & Entertainment at $0.87, Travel at $0.96, and Sports & Recreation at $1.11.

The industries that saw the highest CPCs for the leads objective were Attorneys & Legal Services at $5.42, Dentists & Dental Services at $3.82, and Physicians & Surgeons at $3.63. While these were higher compared to the average, they’re still fairly low cost for clicks in these industries.

“The difference in CTR and CPC between the two objectives stands out to me the most. The average CPC is  56% lower for the traffic objective campaigns than that of the leads objective, which, in some ways, makes sense,” said Michelle Morgan, co-founder of Paid Media Pros.

“Facebook is trying to get the lowest cost clicks it can, but I’m a little surprised to see the CTR being 66% higher for the leads objective campaigns. That indicates to me that although they’re more expensive, the users Facebook targets with a leads objective campaign might actually be a better fit for companies (on average) than the traffic objective,” said Morgan.

Average conversion rate in Facebook ads for lead gen campaigns

Conversion rate measures the rate at which your Facebook ads are driving conversions. It’s calculated by dividing the total number of leads by the total number of clicks. A high conversion rate signals that your Facebook ad is compelling users to take the next step to potentially become your customer.  A lower conversion rate signals you may need to adjust your ad targeting, copy, or landing page to drive better results.

The average conversion rate in Facebook ads for lead gen campaigns across industries is 8.25%.

Business category Avg. conversion rate
Arts & Entertainment 9.77%
Attorneys & Legal Services 5.92%
Automotive — Repair, Service & Parts 5.35%
Beauty & Personal Care 4.61%
Business Services 7.57%
Career & Employment 7.02%
Dentists & Dental Services 11.34%
Education & Instruction 8.05%
Finance & Insurance 5.62%
Furniture 7.29%
Health & Fitness 5.76%
Home & Home Improvement 8.90%
Industrial & Commercial 10.13%
Personal Services (Weddings, Cleaners, etc.) 8.76%
Physicians & Surgeons 4.99%
Real Estate 9.58%
Restaurants & Food 5.63%
Sports & Recreation 8.24%
Travel 3.95%

 

The industries with the highest CVRs for Facebook ads running the leads objective were Dentists & Dental Services at 11.34%, Industrial & Commercial at 10.13%, and Arts & Entertainment at 9.77%.

The industries that saw lower-than-average conversion rates were Travel at 3.95%, Beauty & Personal Care at 4.61%, and Physicians & Surgeons at 4.99%.

Facebook ads conversion rates are usually dependent on the quality of the ads being put in front of users. “All industries can benefit from taking the time to message map in a meaningful way. Honoring the way your consumers want to be spoken to will increase conversion rates as well as mitigate ‘wasted success.’ Wasted success is when the lead is good but not quite ready or doesn’t qualify,” said Navah Hopkins, Evangelist at Optmyzer. “I strongly recommend building in a creative audit, as well as exploring new audience targeting to make sure your campaigns are set up for success,” said Hopkins.

Average cost per lead in Facebook ads for lead gen campaigns

Cost per lead tells you how much you’re paying to secure a new lead. It’s calculated by dividing your total spend by your total conversions.

The average cost per lead in Facebook ads for the leads objective across industries is $23.10.

Business category Avg. cost per lead
Arts & Entertainment  $13.46
Attorneys & Legal Services  $78.26
Automotive — Repair, Service & Parts  $58.56
Beauty & Personal Care  $52.46
Business Services  $22.65
Career & Employment  $18.17
Dentists & Dental Services  $29.08
Education & Instruction  $27.94
Finance & Insurance  $30.88
Furniture  $29.08
Health & Fitness  $60.95
Home & Home Improvement  $20.49
Industrial & Commercial  $37.71
Personal Services (Weddings, Cleaners, etc.)  $19.49
Physicians & Surgeons  $60.95
Real Estate  $12.43
Restaurants & Food  $45.15
Sports & Recreation  $15.33
Travel  $26.05

The industries with the lowest CPLs in the Facebook leads objective were Real Estate at $12.43, Arts & Entertainment at $13.46, and Sports & Recreation at $15.33.

The industries that saw the highest CPLs for the leads objective were Attorneys & Legal Services at $78.26, Health & Fitness at $60.95, and Physicians & Surgeons at $60.95. These industries typically have higher costs for advertising, in general, but also have higher customer values. So a $60 CPL can still have a great return on investment when you look at how much revenue a new customer can bring your business.

While CPL is a critical metric for many Facebook advertisers, there are other factors you’ll want to consider when measuring your Facebook ads progress.

“The most important metric on Facebook for seeing success is…the metric you define as success. If you’re trying to drive engagement, that’s your metric. If you’re trying to drive leads, then some combination of lead volume and CPL is going to be your success metric,” said Morgan.

How to improve your Facebook ads performance

While these benchmarks can serve as a helpful guidepost to compare your results against, they shouldn’t be the end-all-be-all for measuring your Facebook advertising success. Every business is different, and what defines success for your campaigns will be unique to your business needs, budget, and other factors.

However, if you feel like your Facebook ads are not converting or driving traffic as much as they should when compared to industry averages, you’re not alone. There’s always room to improve—especially by following these tips and best practices.

How to use Facebook ads to drive traffic

Here are some tips on how to increase traffic to your website via your Facebook ads:

  • Choose the traffic objective. The traffic objective is the clear choice to encourage Facebook’s ad algorithm to strategically show your ad to get the most clicks possible.
  • A/B test CTA buttons. A powerful call to action can entice users to click on your Facebook ad—increasing your click-through rate. Luckily, Facebook gives you plenty of options to play around with when it comes to choosing an effective CTA button for your ad. Your best bet is to A/B test a few different CTA buttons to see what works. Additionally, you should include popular call-to-action phrases in your ad copy.
  • Use compelling creative. People will form an opinion on your Facebook ad instantly—just a few seconds after seeing it, in fact. Be sure your ads stand out and attract clicks with eye-catching creative. To start, check out these Facebook ad examples and learn why they work.

facebook ads benchmarks - example of facebook ads cta button choicesfacebook ads benchmarks - example of facebook ads cta button choices

An example of the CTA button options within Facebook ads.

How to use Facebook ads to drive leads

Follow these Facebook ads tips to get more leads:

  • Choose the leads objective. While other Facebook ads campaign objectives may end up capturing leads, it’s best to source your leads directly from Facebook with Facebook lead ads.
  • Perfect your form fields. You may need to test to see what form style works best to maximize both lead quality and quantity. For example, this year Meta announced that it added conditional logic to the Facebook lead generation form setup. Leveraging conditional logic in your forms can help you pre-qualify your leads.
  • Ensure users know they are clicking on a lead ad. Be clear about the action you want viewers to take. That way, those who click know what to expect and genuinely want to work with your business.

meta advertising - conditional logic lead form examplemeta advertising - conditional logic lead form example

An example of conditional logic settings within a Facebook Lead Ad.

How to improve your Facebook ads CTR

Here are a few ways to improve your Facebook ads CTR:

  • Pay attention to the right metrics. CTR may not always be the “end all be all” Facebook ads metric for your business. “Consider CTR a helpful guide, but not the only source of truth for success,” said Mask. “Also, you might find other metrics impact the root causes of poor CTR health. Cost per thousand impressions (CPM) and CPC correlate closely to this metric; sometimes one has to be sacrificed for another.”
  • Use power words in your copy. Emotional marketing copy can set your business’s Facebook ads apart from the competition. Focusing on compelling ad copy helps to persuade users to click on your ad—increasing your CTR.

facebook ads benchmarks - localiq reporting dashboard screenshotfacebook ads benchmarks - localiq reporting dashboard screenshot

A reporting dashboard like this can help you measure the Facebook ad metrics that matter most to your business.

How to lower your Facebook ads costs

Here are some practical ways to lower your costs in Facebook Ads:

  • Get strategic with your audience targeting. You may want to target different Facebook audiences for different objectives. For example, you may target a Facebook lookalike audience with a traffic objective, so you can educate a new crop of potential customers about who you are and what you do. Alternatively, you may target specific email addresses or retarget users while using the leads objective because these audiences are already aware of your business and may be more likely to convert.
  • Broaden your audience as needed. A broader audience reach has been found to lower your overall cost per thousand impressions (CPM), since you’re casting a wider net.
  • Try ad scheduling with a lifetime budget. Ad scheduling is another option that can help limit your costs, since you’re deciding what days or times your ad will show rather than 24/7 coverage.
  • Consider all your campaign objective options. If you have experience with Google Ads, you can think of your Facebook campaign objectives like how you would your Google campaign goals and bidding strategies. “The best part about advertising on Facebook is that Facebook has tons of campaign objectives and further customizations for you to choose from to ensure your campaigns are optimizing for exactly the success metric you want to focus on,” said Morgan.

Here’s a breakdown of the Facebook ad objectives you can choose from:

    • Leads
    • Traffic
    • Awareness
    • Engagement
    • App promotion
    • Sales

facebook ads campaign objectivesfacebook ads campaign objectives

How to increase your Facebook ads conversion rate

Use these tips to optimize your Facebook ads for more conversions and a higher CVR:

  • Iron out your tracking with Facebook pixel. Your Facebook ads conversion tracking relies on your Facebook pixel—which connects to your website. Get clear on the conversion actions you want to track to stop conversion data from slipping through the cracks.
  • Optimize your landing page. A high conversion rate starts with an optimized landing page. Check that your Facebook ads landing page provides a seamless experience for users.
  • Complement your strategy with other channels. Your Facebook ads should play a role in a larger marketing and advertising strategy for your business. Be sure to regularly share organic posts to Facebook to fill any gaps in your paid Facebook ad performance. You’ll likely want to also leverage other social media platforms, as well as channels like SEO and search ads, to supplement your Facebook Ads. For example, your audience members are probably using TikTok and Snapchat in addition to Facebook or Instagram. You could promote your business across these platforms to grow your overall social following. In fact, many marketing channels provide similar benefits to businesses, so it’s best to use as many as possible in tandem for a holistic marketing approach.

A cross-channel marketing campaign that includes social ads, search, and other channels helps you reach your audience no matter where they’re spending time online. But it can be a very manual and challenging process to truly optimize across those channels to yield the desired results and lowest cost,” said Stephanie Asrymbetov, Director of Product at LocaliQ. “LocaliQ’s cross-media optimization (XMO) technology simplifies this approach by leveraging AI and automation to optimize your campaigns across channels based on what’s driving the best performance to your business’s goals—and your budget.”

Put these Facebook ads benchmarks to work in 2024

Tracking your Facebook ad performance against these industry benchmarks can help you gauge how your business is pacing compared to the competition. This can be especially helpful when you don’t have a ton of data or you’re unsure of how to best measure your Facebook ads ROI.

However, every business is unique, and no two Facebook ad accounts are the same. So, be sure to align your advertising expectations with what’s achievable for your business. That said, if you tried our suggested tips above and still find your business’s performance isn’t up to the industry standards outlined here, that’s okay! See how our solutions can help you improve your Facebook ads strategy.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

Trending