I've done several @MentorPass calls auditing growth strategies and FB ad accounts in the last few weeks, and I've noticed a consistent set of mistakes and areas of optimization.
Below are 5 mistakes I've seen that are all too common:
1. Poor FB Account Structure
I'm still seeing too many fragmented campaigns and account structures. There's no one size fits all structure, but you should shoot for 50 conversions per ad set per week. If you have a $50 CPA target, there's no purpose in running...
...several ad sets at $20 a piece with different targeting settings.
2. Not Targeting Correctly
Speaking of targeting, I am not saying you have to go fully broad. However, I still see agencies doing too much hacky targeting to look like they are doing something.
Stuff like only targeting certain states because CPA is lowest there. Your wins are likely not going to come from finding some obscure audience by targeting a niche interest. If your results are poor, you need better "marketing", not targeting.
3. Not Creative Testing
If you're not creative testing, you hate money. How much creative you need is dictated by your spend levels. If budget is low, you won't need a lot and you won't iterate as much. But you still need to test.
I recommend taking big swings, and testing concepts, angles, and hooks over small things like button colors or layouts. I see too many brands using all static and not testing videos. If half of your traffic is on IG and IG is now mainly video, a static on IG is going to stick out
...and get skipped so quickly.
4. Not Obsessing Over AOV
Increasing AOB by 10% can unlock so much scale if you do it right. It's entirely possible, if you obsess over it and test methodically. If people are buying 1 unit, what happens when you offer them 3 and 6?
Optimizing your offer will unlock your scale and efficiency potential far more than anything you can do inside of your FB ad account.
5. Not Testing Landing Pages
Everyone on Twitter: Landers are everything
FB Ad Library: Everything goes to PDPs
Why? Idk, but at the very least you need to test landing pages. Outside of offers, it's the biggest lever you have. I'm a fan of listicles, Trojan Horses, and...
...@mrsharma style product landers. If you don't have the bandwidth in house, I definitely recommend working with @hooxco. If you want to go about building pages in house, I'm loving building on @replohq
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Listen to me and @eliweisss discuss landing pages, growth strategies, and retention tactics on our Podcast Down To Chat. Just released Season 2, Episode 1 to rave reviews.
If you can't tell, I am obsessing over landing pages right now.
Why? Well I think it's the most "stable" fix you can make for your ad account. Creative fatigues rather quickly, so any improvements you make have to be re-done nearly every week it seems. But...
...landing pages? They're evergreen. Any improvement you make will most likely last for way way longer, even as creative fatigues.
Here are some things I'm currently doing with landing pages, as well as some recent tests:
1. Testing Design Of Otherwise Identical Pages
The key with LP testing is testing properly so you isolate variables and only change one thing out at a time. The current test we are running is the same exact copy, images, and link destination but with different designs. Our old page converts well but it has a few UX fixes...
Have you ever wondered how you can legally spy on your competitors and know exactly how much they're doing in revenue, how much inventory they hold, and what products they're selling the most and least of?
Well you actually can, and it's pretty...
...awesome. Meet Particl (formerly Luz), they empower market research for the world's leading e-commerce brands. Look here, I can see how much Skims has made, as well as how many units they've sold and what their top and bottom sellers are.
Here's how I'd use this data:
1) New Product Development
A huge part of growing a business is increasing LTV and expanding TAM by increasing your assortment. But how do you know what to create? Product development is not cheap, so make sure you get it right. With Luz, you can..
Anyone else seeing their Abandon Checkout Rates going through the roof?
Just had a look at some @Varos_com data and one thing is clear...
The median Abandon Checkout rate is going wayy up. In this case, 100% up from 6 months ago. What does that mean? People in this data set aren't pulling out their wallets as easily. It can be due to a recession, or it can be waiting for BFCM deals.
Personally, I'm starting to wait for BFCM deals for a few big home purchases, yet not waiting for smaller items so I think everyone is affected differently.
Let's look at a few other metrics.
CPMS are down actually. We usually expect them to climb, and they will but they...
Facebook Ads are anything but dead. In fact, I'd argue they're still the #1 source of profitable customer acquisition on the internet.
They're harder than they used to be, sure, but there's a secret. Success relies on what you do outside your ad account more than what goes on...
...inside of your ad account. Below is a list of 7 things that can drastically improve performance of your ad account from the outside. Get these right and you have a chance, get them wrong and you're swimming upstream in a typhoon.
1. Creative Production Capabilities
Creative on FB is key. It's not everything, but it's the main thing. You should be spending around 10% of ad spend on creative. You should test a mix of UGC video, founder stories, and studio quality. I recommend a mix of in house production, as well as partnering with an...
Idk why so many people sleep on affiliate marketing. There are publishers with millions of eyeballs starving for monetization.
All you need to do is get in front of the right contact at the publication, get them...
...to sample your products, learn about your brand, and offer them a compelling commission. 20% is the average you should expect to pay. The great thing is you only pay when you acquire a customer, so there's virtually zero risk.
2. Influencer Marketing
Contrary to what you may have heard, influencer marketing is anything but dead. Is it influencer marketing or creator marketing? Idk and I don't care. If you can get someone with a large audience talking about your products to their fans in an...
This is the best month on FB ads that I can remember. Here's a bit of what I'm finding work so well right now...
1. Nearly all whitelisting
If you go to our Fb library, you might see one or two ads. I test on nearly every creative and 9 times out of 10, whitelisting wins.
Thumbstops, CTRs, and watch times are almost always better. If you haven't yet, you need to try whitelisting!
2. Education, Education, Education
You should be educating in your ads. You've got to give people a reason to watch your ads, and educating them on how to use your products and the problem it solves is a worthwhile thing to test. We're seeing some 16 second avg watch times.