How to Advertise on Facebook? – Winning Facebook Ad Strategies to Try at Tradingcredit.net

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Almost 3 billion monthly active users

And though Facebook advertising may be experiencing diminishing returns, skyrocketing costs, and targeting challenges due to ever-changing privacy policies and regulations, it remains an important channel to consider. After all, Facebook is still the biggest social platform(it has nearly 2.5 billion active users) and offers some of the most robust targeting options for advertisers.

Benefits of advertising on Facebook
While you can certainly make the argument thatFacebook ads are becoming less effective than they were in the past, it’s still thesocial media network with the most active users—not to mention it also covers Instagram. That’s why it’s important to use intentional Facebook ad strategies to ensure you’re not wasting budget on ads that don’t contribute to the bottom line.

There are a few key advantages to advertising on Facebook:

Advanced options to target your ads to specific audiences
Seamless ecommerce integration
Insightful data analytics
One of the largest social networks
Access to Facebook’s entire Ad Library
Options for every budget

You can use Facebook ads for both customer acquisition and retention. It’s a great way to build brand awareness and advertise to new potential buyers, as well asnurture relationships with people who already know your brand. In fact, Facebook offers three key goals or objectives to choose from for each ad:
Awareness. Use this objective if you’re new tobusiness or advertising on Facebookand want to attract new customers. You may also use awareness goals to launch a new product line or promote an event.
Consideration. This is sort of the next step in our Facebook ad journey—after your audience has some awareness of your offering, you’ll want to hit them with ads that provide more information. These ads should drive engagement or help you collect leads.
Conversion. The final step in the journey is getting people to convert. Maybe that means purchasing a product, or maybe you want people to visit your website, get directions to your physical store, or fill out a form providing you with their information.
There really is no benchmark or telltale sign for when you should consider Facebook ads. In fact, the platform offers opportunities for almost every business and budget.

How to install the Meta pixel
Before we dive into the Facebook ad strategies to use for your ecommerce business, you’ll want to get set up with the Meta pixel. The pixel is a snippet of HTML code that you put in the back end of your site. Once installed, it collects data about your site visitors and their activity, which makes it easier for you to runeffective targeted Facebook ad strategies down the line, especially as you collect customers’ email addresses.

Here’s how it works: Once the code is installed, when a user clicks on one of your ads and the pixel will track their behavior. You can see how much time they spend on your site, which links they click, which pages they visit, which products they purchase, and more.

While those insights are certainly valuable, the real value in theMeta pixel is in your ability to build audiences, or customer segments, to target. Targeting your Facebook ads to specific audiences enables you to tailor the creative and bidding for more effective ads.

Shopify merchants can take advantage of the Facebook-Shopify integration. Selling onFacebook allows merchants to sync product catalogs and easily create ads and shoppable posts, as well as use Shopify to create, track, and manage Facebook ad campaigns and orders.

Facebook ad strategies to try in 2023

1. Personalize your ads by targeting specific audiences
Facebook has some of the most robust ad targeting options out there, allowing you to get super specific with your target audience, promotions, and ad creative. This is especially helpful if you don’t have a lot of existing customer data to use. Facebook’s Core Audience feature lets you hone in on your target market based on five criteria:

Target by life events
There are many life-event targeting options, including, but not limited to, engagements, marriages, babies, new job, graduation, recent move, retirement, anniversary, the loss of a loved one, and many more. Consider the contexts in which your products are used and think about life events that may correspond to such uses. The below ad for Lights of Scandinavia, for example, could be repurposed to target new homeowners with messaging around getting lighting for their new space.


Target by weather
Though this isn’t a native Facebook targeting option, there are third-party tools you can use to automatically adjust ad creative and activate/deactivate ads based on local weather conditions. Indow Windows did exactly that with WeatherAds to promote its window insulation products, targeting ZIP codes with temperatures dropping below 35 degrees Fahrenheit.

Target by hobby
Audience Insights are especially valuable for this Facebook ad targeting strategy. Look at the shared hobbies among your audience and pick out the ones that aren’t directly related to your niche or products. A brand like Orca might predict shared hobbies like fishing and hiking among its target market. But Audience Insights may also show it an interest in country music and concerts—in which case it may consider targeting those people with ads that suggest the coolers are great for tailgating before concerts and festivals.


2. Nurture repeat customers through Facebook Custom Audiences

Facebook Custom Audiences are groups of Facebook users who know about your brand to a certain extent. This means that they’ve visited your website before, engaged with your Facebook page or posts, signed up for your emails, made a purchase, or engaged with your brand in some other way.

Essentially, Facebook takes the customer data you give it and compares that data to Facebook users, eventually matching your customers to individual users. Facebook then creates groups of these people, allowing you to target them with different ad campaigns.

You can create four types of Custom Audiences:

Website Custom Audiences. Build these audiences from users who have visited your website or a specific page on your website.
App activity Custom Audience. These segments are made up of people who have engaged with your mobile app or taken a specific action within your mobile app.
Customer list Custom Audience. Import a customer list spreadsheet and Facebook will match the data to its users to build this audience group.
Engagement Custom Audiences. Groups of people who have engaged with your Facebook content or ads in the past, including watching a video, submitting a lead form, or viewing your Facebook page.This is a great source for building Lookalike Audiences (more on that next).


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