30/07/2022
Using Facebook Ads is a popular way for businesses to market their products and services to customers.
Facebook’s ad revenue is expected will top $58.1 billion in 2022 in the U.S. alone. 15.5% increase from 2021.
When compared to other advertising platforms such as LinkedIn Ads, and Google Adwords, Facebook ads offer an easier way to reach audiences at lower prices.
Facebook Ads lets you target your audience based on their interests, hobbies, behaviors, location, and more.
You cannot, however, target an audience based on a person’s sexual orientation, ethnicity, or religion.
If you are considering investing in Facebook ads, here are some things to consider.
As of 2022, 73% of college-educated Internet users are on Facebook, as are 70% of people earning more than $75k a year. Facebook’s highly educated and high-earning audience can give brands an opportunity to advertise high-ticket products.
98% of Facebook users access the site from their mobile phones. This means that any ads you create MUST be mobile-friendly.
While Facebook ads can be a great way to generate new customers, the average cost-per-click for retail ads increased by 6% year over year. Acquiring new customers from ads on Facebook will cost you more than it used to.
Another downside of Facebook is that its user growth has slowed dramatically and is the second-lowest of all social platforms. So, there will be fewer new users to see your ad content than on other sites.
In recent months, Facebook expanded the formats for its ads. Among other things, you can now promote a photo, video, story, and carousel content.
Or, you can invest in Messenger ads, which help people start conversations with your business. The format you choose for your ad will depend on your marketing goals and the audience you are trying to reach.
So, now that you understand the basics of Facebook ads, let's do a quick recap.
What is one factor you CAN NOT use to target your ad?