We are constantly asked if Facebook Ads are worth it or wasteful. While this is focusing on Facebook Ads, you should really ask that question of any advertising you are doing, is it worth it or wasteful?
Despite the fact that Facebook was not designed to provide businesses with a marketing platform, it has grown to be a social media advertising giant. In 2013, the firm made more than $5.6 billion from ads. Facebook allows businesses to purchase ads according to the marketing strategy or method they are implementing because the ad options are objective-oriented. This means that the strategy Facebook uses for advertisements is based on a firm’s marketing goals and objectives.
This ensures that the chosen ad option by a business will bring them a higher return on investments. Unlike in previous years, Facebook has improved its social context to ensure that every user can see the businesses their friends have liked. These strategies have been improved by Facebook trying to enhance the value of its ads so that businesses can attain great results.
Is this really Worth it or Wasteful?
Yes, it is sure worth it. According to a survey conducted by Hubspot in 2013, 74% of marketers integrate Facebook in their lead generation campaign initiatives, and 52% said they got a buyer through the social media platform. Datalogix (a firm that records the behaviors and habits of shoppers in more than 100 million households in the U.S) and Facebook partnered in 2012 to determine the Facebook ads’ effectiveness. The study showed that 60 distinct Facebook campaigns realized great results: 50% of the campaigns realized a ROI 5 times higher while 70% received 3 times ROI on their investments.
Hashtags, likes, the ‘boost post’ button and the ‘build audience’ button are some features of Facebook used for advertising. The ‘Ad Manager’ feature allows businesses to monitor or track their campaigns in addition to getting reports.
One quick way to make it wasteful is to not have a clear objective in mind or a clear understanding of your budget. If you have questions about your Facebook advertising or want to get started. Contact us below and let’s get in touch!
