Besides the organic traffic that can come from a press hit, it's a good signal about the excitement of your offer. If no media sites want to write...
...About it, there's a good chance it's not differentiated enough for anyone on FB to care either.
Are you the 15th skincare or CBD brand to launch that month? If you are, and your product is not unique, you need to make it unique.
The best way to do this is...
...with content and storytelling. Maybe your product is not different (Casper mattresses), but your mission and the passion you have for that mission are differentiated.
But what if you have a truly unique product? Something so unique that people don't even care or know about it yet?
Then they're in the unaware phase, and you need to make them aware.
For us, our market is already so aware of makeup and the problem it solves or benefits it...
...Provides. We can get away with little storytelling and running traffic straight to a PDP as long as we have credibility and a differentiated offer, which we do. But often more storytelling and content performs better.
If you have an unaware market, you MUST have them...
...become aware before asking them to buy. From my DR days I learned "never give someone an option to buy until they've been sold".
How do we do this? Content and storytelling. Educate and inspire. Test running traffic to advertorials, blog posts, etc.
A good example of this is Magic Spoon. There's a reason you wont find them in a grocery store. Why would someone pay twice the price for their cereal without knowing why it's worth it? They must educate the consumer on the problems, benefits, and story first...
...There's a reason they run all their FB traffic to landing pages with their story and some copy about their positioning. They must create demand because. they are a category creator.
As aways, success on FB usually comes down to your messaging, financials, and business fundamentals way more than it has to do anything about the algorithm.
It's important to determine what your funnel structure & strategy is based on the positioning and market awareness lvl.
If you got value out of this thread, I just started writing a weekly newsletter all about what I'm learning and testing as I lead growth at Jones Road.
A month ago our ads were really struggling. CTR was at an all time low of around 0.6% and CPC was up to nearly $4. We were still profitable, but not very happy.
Today we're at 1.35% CTR and our CPC $2.22. This has given us a 35% decrease in CPA.
Here's what we did...
1) Tested, tested, tested. But not small variations or tweaks. Big things. New offers, new landing pages, drastically different creative types.
2. The first big win came from when we launched this ad. Very different than anything we'd ran before. Thumbstop was over 40% and CTR was near 1%. But it wasn't converting so well...
No matter what you do, your Facebook CPAs are gonna be higher right now.
Instead of trying to get them down, you gotta get that AOV up.
Here are 3 ways you can do that, along with our real numbers and examples of each...
1. Editorial/ Advertorial. We're testing sending some retargeting traffic to an editorial. The results: 4% CTR, which is 400% higher than our normal, and a $132 AOV, which is a 28% increase from our baseline.
The next step for us would be to try this on prospecting and test out some different advertorials, or perhaps work with a third party publisher to create some performance editorial content to drive prospecting traffic to.
A week or so ago I tweeted that our AOV has increased from about $82 to the $104 AOV it sits at today, but I don't really know how. But after looking at the #s and reflecting, here's what I THINK helped...