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This presentation consists if all “direct quotes” from: http://www.socialmediaexaminer.com/21-ways-to-improve-your-facebook-ads-with-ad-targeting / Prepared by: Orange, Sep 2015. 21 Ways to Improve Your Facebook Ads With Ad Targeting. By Rocco Alberto Baldassarre Published August12 , 2015.
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This presentation consists if all “direct quotes” from: http://www.socialmediaexaminer.com/21-ways-to-improve-your-facebook-ads-with-ad-targeting/ Prepared by: Orange, Sep 2015 21 Ways to Improve Your Facebook Ads With Ad Targeting By Rocco Alberto Baldassarre Published August12 , 2015 Do you use Facebook ads? Are you aware of all of the targeting options Facebook offers? Facebook offers so many ways to target potential customers, there’s a right advertising option for every business. In this article you’ll find 21 ways to target specific audiences with Facebook advertising. Discover twenty-one ways to improve Facebook ads with ad targeting.
#1: Know Your Customers’ Interests • On Facebook, you can target people who have expressed an interest in or like pages related to another page or topic. This is interest-based targeting, although it is commonly confused with “likes” targeting. • There are thousands of interests to target, and they’re located in the Interests section of your ad set settings.
To target interests, go to that section of your ad set settings.
Type literally anything into the search box and Facebook will suggest matching or related interests. Interest targeting usually means that you’re targeting large audiences. So before you set up interest targeting, evaluate the size of your target group. Then consider combining an interest with at least one other targeting method.
#2: Seek Out People in the Market for What You Sell Our online behavior tells platforms a lot about our buying intentions. By combining data from different sources, Facebook is able to tell who is in the process of buying a given product. Therefore, you can target people who are looking to buy something specific; for example, new vehicle shoppers in the market for a luxury SUV. This option is located in the Behavior section of the ad set settings.
Go to the Behavior section to target people looking to buy a specific product. You’ll see multiple categories in a scenario like this, because Facebook allows you to be that specific. In the case of the SUV, target people who are looking for a new SUV, a used SUV and so on. Experiment with this targeting option to determine which methods are most profitable.
#3: Target People Based on Financial Resources If you want to sell a product or service that is tied to affordability, this method is extremely useful. Listed under Demographics, this targeting option allows you toselect among Income, Net Worth and Liquid Assets. Liquid Assets is an option under Net Worth.
Targeting people by income, net worth or liquid assets usually works well as a stand-alone option. When businesses combine it with a behavior that best matches their target group, the audiences are often too narrow. The trick is to choose a broader behavior than usual in case the audience turns out to be small (for example 10-20K). According to Facebook Power Editor, their data is “Modeled based on age, income, presence of children, occupation, property data, vehicle data, investment interest and census median data.”
#5: Target People by Industry or Occupation For products or services that are ideal for people who work in a given industry or have a specific job, use industries or job title for the targeting method. For example, target “Employed in Arts, entertainment, sports and media.” This is located under Work (below Demographics) on Facebook. The industry people work in can be a great alternative to simply targeting by office type.
In fact, office type targeting actually allows you to target three more small office categories.
#6: Promote to People Based on Homeownership Status Just as Facebook can target people who are planning to buy something specific (like a car), the platform is also able to target people based on their homeownership status. However, Facebook classifies homeownership as a demographic and not as a behavior, as it does with cars and other products. Target homeowners, renters or first-time homebuyers. Additional targeting options include home type and household composition.
#7: Filter by Level of Education and Academic Degrees Zeroing in on education level, a cademic field and other related topics is a great targeting method for products that are not appropriate for the entire population. Hone in on college grads, doctorate degrees and people who studied something specific. For example, to market a professional résumé-building service for graduates, use this method to eliminate traffic that doesn’t match your user profile. Education is a subcategory of Demographics. Education is a subcategory of Demographics, and can be narrowed down by education level, fields of study, schools and undergrad years. Combine education with another targeting method to be as relevant as possible with the ads.
You can currently target these ethnic affinities in the United States. This targeting method is only available in the United States. The data is based on people who live in the United States whose activity on Facebook aligns with a given ethnic affinity.
#9: Reach Out to Parents Many ecommerce sites have parents and kids as a primary audience. Facebook not only allows targeting of parents, it lets you narrow the parents based on the age of their kids. This option is listed under Demographics. Target parents based on the age of their kids. This category also includes a section dedicated to moms and their lifestyle. Subcategories include Big City Moms, Corporate Moms, Fit Moms, Green Moms, Moms of High School Kids and more.
#10: Target by Generation Baby Boomers, Generation X and Millennials pretty much define three completely different customer behaviors. They definitively help to narrow down the targeting options of many businesses. The Generation tab is located under Demographics. Target Baby Boomers, Generation X and Millennials, depending on your ideal audience. Facebook defines these categories based on the birth year of the users in each category.
#11: Filter by Political Beliefs You can target political beliefs (conservative, liberal or moderate) with your Facebook ad account. Political data is available in Demographics for the United States only. There is a section called Self Reported, which includes information based on self-reported data or donations. Facebook doesn’t have a source section listed for each of the political parties. Therefore, we don’t have an official answer to where they get this data.
#12: Reach Out to Those With an Upcoming Anniversary This category targets people with an anniversary within 30 days. Since there is a deadline to a couple’s milestone, it’s an excellent opportunity to drive people to a sale. Find upcoming anniversaries in the Life Events subcategory of Demographics. Anniversary within 30 Days is located in Demographics under Life Events. This is a great way to find people who have a reason to buy a present.
#13: Find Friends of People Celebrating a Milestone Just like those about to celebrate an anniversary, it’s also possible to target the friends of people who have an upcoming birthday. It’s in the Friends subcategory in Life Events. Click to add text Friends of Upcoming Birthday is also in Life Events. Again, this is a great way to push sales to gift-givers.
#14: Find People in a Long-distance Relationship Targeting a long-distance relationship is another great way for businesses and service providers to sell more gifts and vouchers. This option is a subcategory of Life Events. People in long-distance relationships are an excellent target if your business fits their needs. Ecommerce solutions for people in a long-distance relationship benefit from this sort of targeting.
#15: Target Those Away From Family or Home Other life events that may interest businesses are people away from family or home. Away from family or hometown is also in the Life Events section. Facebook seems to be using location information in accounts to retrieve this data for advertising purposes.
#16: Promote to People Who Recently Started a Job People who just started a new job or got promoted at their existing one could be good targets for a clothing or accessory company. They may want to dress to impress at their new gig and may shop online. Target people starting a new job using the Life Events option in Demographics. Target new employees by going to the New Job category in Life Events. Facebook retrieves this data from profile updates. Target people who changed their job over the past 6 months.
#17: Target People Who Love to Shop Marketing to online buyers in households with many lifetime online purchases is much better than targeting just anyone, especially people who are unlikely to complete an online purchase. This targeting method is listed under Behaviors. Target people with above-average spending habits for your product or service. Combine this behavior with other targeting methods to reach the largest possible portion of potential customers who are likely to buy online.
#18: Reach Out to People Who Live in Expensive Homes Target people living in houses worth more than $1 million if your business offers premium goods or services such as home insurance. Home values are included in Demographics under Home Type in the subcategory Home Value. If you offer a premium service, especially for homeowners, target by home value. Try different targeting options, depending on what you’re promoting. For example,create one ad set focusing merely on home value and another that combines it with other targeting methods. Then see what works best for your business.
#19: Find Gamers People who connect to Facebook from gaming consoles can be targeted with Facebook ads. You can even target people who have played a game on Facebook within the past 14 days. This option is listed under Behaviors. Target ads to gamers who recently played on Facebook. Gamers also typically like pages related to console games or gaming systems.
#20: Seek Out Page Admins If you have a tech product or service that could improve business and productivity for page admins, target them. This is listed on Facebook as a Behavior. Find and target Facebook admins under Behaviors. This targeting is perfect for apps, web-based services and other tools that are targeting page admins on Facebook.
#21: Target People Who Own Specific Mobile Devices Facebook allows you to target people based on the mobile device they use to log into Facebook. This method is available in the Behaviors section. If your company has a product on a specific mobile device, there’s a way to only target those users. This targeting comes in handy for companies selling phones and accessories or for businesses that offer apps.
In Conclusion While many marketers and business owners believe Facebook ad targeting optionsare too limited or too general, that’s not the case. There are a ton of targeting options and combinations out there. Facebook is a goldmine of data and is definitely a good choice for the vast majority of businesses. This is just a selection of target audiences, among hundreds of options, available to anyone using the Facebook Ads interface. Facebook ads are effective. Take the time to research different target methods to find the ones that best fit with your business, so you can create successfulFacebook ad campaigns. What do you think? Which combinations have you tried? What targeting works best for your business? Please share your thoughts and recommendations in the comments.
ABOUT THE AUTHOR, Rocco Alberto Baldassarre Founder and CEO of Zebra Advertisement, a SEM consulting firm. Rocco consults companies that spend up to US$5M in ad spend per day and speaks 3 languages. Other posts byRocco Alberto Baldassarre »