Tracy Petrucci: Marketing Ideas Into Action: April 2017

Thursday, April 13, 2017

Facebook Ad Tip: Taking the Guesswork Out of Targeting

Well I quite literally stumbled upon a neat idea for Facebook audience targeting.

Have you ever wondered what your current customers or leads have in common? One of the things I pride myself on is my ability to try and get inside someone's head and figure out not just demographically, but psycho-graphically what they are into so we can target those interests and behaviors on Facebook. Sometimes we can find out by doing a survey, or sometimes we can make educated guesses.

As I was editing an ad set this week I discovered a good idea, that I thankfully found by sheer accidental observation.

How to take your custom email list/website visitors a step farther and take the guesswork out of targeting...

The other day I had a pre-existing ad set with some targeting in it: Health and Wellness Buyers + a few other things. I copied the ad set so I could change the targeting to the email list. I added the email list before removing the other targeting, and the estimated reach dropped WAY down to less than 1,000 people. Instantly I realized something.

The people who subscribe to this email list have NOTHING in common with the interests I had chosen for the other ad's targeting.

Then I realized something else. By cross referencing my assumptions with the client's email list or website visitors, I can figure out if the targeting I am trying is on point or not. (Obviously if you're branching out into new target markets this may not work.)

Yes, Facebook can do a look-alike audience of these people already. But what do I learn from that? What insight do we get? What control do I have?

This way, I can learn what similar interests or behaviors these people may or may not share and have more control ultimately, over the client's money. This is because Facebook ads are a bidding pool, so why lump every common interest and similarity into the look-alike if I can separate them out and see which one is the cheapest and most effective?

Side note... Facebook's Audience Insights tool is supposed to do this same thing but it really falls short on delivering.

Example:
With the email list we start out with 63,000 people.

When I add Weight Watchers it drops to 13,000. That's pretty good still.

When I add Gluten- Free Diet, it only drops to 37,000. That's even better.

When I add Juice Fast audience it drops to 2,300. That's kind of low. Not terrible, but low compared to the others. I would have thought our Juice Fasting people were really great targets, but in fact they are not sharing interests with the current tribe of people.









So, try this out! Have some fun. Enjoy the trial and error of Facebook ad targeting, with a little less error and a little more trial. ;)