Facebook Ads FAQ: A Complete Free Guide to Ads on Facebook!

Facebook Advertising FAQ

See how to maximize your conversions and why I got over one million likes on Facebook!

You will find this to be the most useful resource you have ever found for help with Facebook ads in 2015 whether you are new to Facebook ads or are a Facebook ads expert!  If you have a Facebook page/website you are thinking about using Facebook advertising to get traffic to, I hope you can save thousands of dollars by reading this!  You get a summary of the knowledge I have gathered in showing billions of ads on Facebook that I hope will make your experience with ads on Facebook a little easier than mine was.  If you want more, you can get 13+ hours of HD video in my Udemy Facebook ads course at https://www.udemy.com/advanced-facebook-advertising-get-likes/?couponCode=JBY.  If you want to see my Facebook page for yourself, go to https://www.facebook.com/ibanwork.

What is here for you?

1) Complete Facebook advertising training videos updated in May 2015. See them all at https://www.youtube.com/user/dukeacem/search?query=facebook+ads.

2) Highlights from this FAQ. The best quotes from the entire post.  An executive written summary.

3) Introduction to this FAQ.  Facebook ads are difficult and most people think they are doing a good job.  Most advertisers are Facebook are unsuccessful and the few that are get all the attention.

4) Analogy to blackjack story.  If you take a look at how people play blackjack at the casino, the way people do Facebook ads makes a lot more sense.

6) Why success and failure with Facebook ads is like multiplication.  If any part of your equation is zero, what you get out of Facebook ads will also be zero.

6) Frequently asked questions about Facebook ads.  Questions from fans like you are answered at the bottom!

Executive Summary.

  • The key to getting really low cost clicks on Facebook now is to get the users with a low value that don’t click on ads often to engage with your ads.
  • You should completely ignore the CTR on Facebook ads.  The only metric you need to pay attention to is Cost Per Action which could be Cost Per Like, Cost Per Click, Cost Per Engagement, Cost Per Install, or Cost Per Conversion.
  • With Facebook knowing how much you are worth as a user, how likely you are to click on certain ads, and pricing based on these factors, the optimized CPM pricing now is a combination of getting all of these right.
  • The key metrics you can’t see on Facebook that impact the outcome of your ads are junk clicks on mobile devices, fake/duplicate accounts, and Facebook user value.
  • If you want conversions, usually desktop ads in the newsfeed as a page post that go to your website and share a story are the best bet.
  • What do you risk by doing your own Facebook ads?  One CEO of a company was spending 10+ hours per week doing his own ads for nearly a year.  While he had worked up to getting solid results out of them, if you calculated his effective pay rate and multiplied that by the 400+ hours he spent on Facebook ads and compared it to what he would have spent if he had hired a company to help instead of doing it himself, he had lost well over ten thousand dollars by doing his own ads.  What is worse is that while he did not actually lose that money, what he lost instead was time with his family, friends, and the opportunity to do work he enjoyed instead of work he hated.

 

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Introduction to My 2015 Facebook Ads FAQ.

Facebook ads look easy on the surface and this appearance leads many advertisers to spend a lot of money without getting much in return.  The majority of people and businesses that use Facebook ads quit within two months of trying them and get close to zero return.  Nearly all of the best practices and blogs offering advice on Facebook ads are leading their followers in the wrong direction and offering bad advice.  Most of what people are excited about has little relevance to what actually works.  An overwhelming majority of user experience with Facebook ads is negative.  Why then do people consistently keep paying Facebook more to advertise?

A minority of advertisers have a successful combination of a product, an audience, and ads that are driving a consistent return.  Another minority has giant groups of fans they got for free that people with money want to pay to emulate.  The main reason people want to try Facebook ads is that they use Facebook socially and are convinced they can use it to either make money, grow their passion/hobby, or grow their business.  While most are wrong, the few that are right tend to talk about being successful a lot more than the people that were unsuccessful talk about failing.

Given the amount of failure with Facebook ads and the amount of success I want you to have with them, this FAQ will give you the chance to avoid failure, endure failure, and find success with Facebook ads that eludes most people.  Just the fact that you are reading this already gives you a better chance than most.  Since ads on Facebook are so complicated, I will begin with an analogy to blackjack to help give Facebook ads a context that is easier to explain and understand.  I will then follow with the most important questions, answers, and opportunities available with Facebook ads.  Finally, I will share with you the extend of failure of I have seen with Facebook ads to help you see how high the mountain you are trying to climb is and to prepare you to either make that journey or skip it all together.

 

Facebook Ads FAQ Analogy.

Advertising on Facebook is Like Playing Blackjack.

If you have never played blackjack or 21, I recommend doing a quick search for it prior to reading this or skipping this section.  I have chosen blackjack because it is one of the most popular casino games in the world and people tend to behave with blackjack much like they do with Facebook ads.  Since I have also played a bit of blackjack myself, I also have experience with both.

In March 2010, I sat down at a blackjack table in Mandalay Bay in Las Vegas, Nevada.  I chose this table because it was closest to the beautiful dancers on stage.  With a $15/hand minimum that was sure to go to $50/hand by the end of the night, it presented the best opportunity to watch the girls dance for a long time.  Prior to making this trip, I had studied the blackjack tables which tell players exactly what play to make in every scenario.  For example, if you have 11, you double down unless the dealer has an ace showing.  If they have an ace, you hit.  If you have 20, you never ever split.  Playing by what the table tells you to do gives you the best chance to lose the least money and play the longest.  If you can combine playing the tables with an advanced strategy such as card counting, you can actually win.

When I sat at the blackjack table, I knew there was a lot about blackjack I did not know.  I knew that if I really wanted to win I would have to stay sober, count the cards, adjust my bet based on the count, and not engage with any of the players at the table.  What I knew I did not know was how much I could actually make doing this, what level of bet I would have to make to equate my time to a decent wage, and the odds of doing all of this being any fun or getting me kicked out of the casino.  I sat down knowing I knew just enough to survive longer and that I was no professional.  I wouldn’t have told you I was good but I also wouldn’t have told you I was bad.

I played for five hours.  During that time, around twenty people came and went at the table with me.  All but one lost everything they sat down with.  At the same time, people consistently told me I did not know what I was doing, I was playing wrong, I was stealing their cards, and I was getting lucky.  I kept making people mad when I would hit on 16 like the table said to do if the dealer had a seven or better up and then ending up with 20 or 21.  I won a lot of hands by one or two over the dealer.  I was just playing the tables and it drove people nuts.

Why did it drive people nuts?  They thought they knew how to play.  Several of them told me they were great at blackjack, they played all the time, or they knew exactly what they were doing.  At the same time they told me this, they consistently were making moves exactly the opposite of what they should have done.  Many played the “don’t bust” strategy popular among people that think they are good but do not even know the tables.  Many played the dealer always has a ten strategy where they assume the dealer’s down card is a ten and base their entire strategy on that.  For example, they will hit 17 or 18 when the dealer has a ten up because they assume they will need to get 21 to win.   This generally results in a loss.

The trick is that blackjack appears simple enough that most people never think to try to learn a little bit more about it.  Most people never see the complexities of the game and if they have a winning streak sometime, they think they are good for the rest of their life at it.  Meanwhile, a few people really are good at it and the casinos work incredibly hard to get rid of them.  The casino is built on people that are bad playing blackjack and consistently aim to fill their tables with people that will be profitable to them.  The people at those tables think they are good while the people that know they are good are often not allowed to play.

Facebook advertising is much the same.  Facebook ads look easy on the surface and give people a false sense of how easy they are to run.  People experienced with other advertising platforms assume they know which data they should pay attention to and what will work.  People with no experience see how easy it is to make an ad and get a few fans.  They imply the value the ads must have since they are a Facebook user themselves.  This obvious simplicity is just what gets most advertisers to never ask more questions.  By comparison, Google AdWords is obviously difficult to most people that step into the interface the first time.  First time advertisers on Google often see the interface and immediately start looking for help.  Like blackjack, Facebook ads look easy and this looking easy is just what causes them to think the game they are trying to play is also easy.  Blackjack is one of the most profitable games at a casino because most people that play it think they are good at it and think they have an honest chance at winning.  This is the game where the most people are wrong about their skill and it costs them.  You can see this because at most of the other tables, people rarely boast about their skill, admit the game is mostly luck, and accept that the house has the advantage but they might get lucky.  Blackjack is the one game in my experience where players attitudes are most misaligned with reality.  Facebook ads is the advertising system online in my experience where the most advertisers are misaligned with reality.  I hope this FAQ can help at least someone unplug from the matrix.

 

Success with Facebook Ads is Multiplication.

If any part of your conversion process is zero, what you get out of Facebook ads will be zero.

Why are Facebook ads like multiplication?  You multiply what you have to offer by the audience’s response to get your ROI.  If what you have to offer times the audience you need to reach comes out to the right number, you can get great results.  If you are thinking at this point that this would be more addition, you would be right from a global point of view.  If you have a product that you make $20 on and you can get your audience to buy it for $15, you make $5 per product.  The problem is that might work on the surface but when you get to the details of Facebook ads, the audience is where a simple addition problem becomes multiplication.

When you multiply, any zero you have makes the entire result zero.  This means if you multiply one by one hundred by one thousand by zero you get zero.  With reaching an audience in Facebook, there are a lot of factors that have to be multiplied together to work.  If any of them are zero, you will get nothing.

Key Facebook Ads Conversion Factors.

To get a great ROI with Facebook ads, all of the factors listed below need to work together.

  1. Audience size.  If your custom audience is too small, your ads won’t run.
  2. Interests and behaviors.  Often trying many targeting options is the only way to guarantee you find the right one.
  3. Device format (i.e. mobile, desktop).  Mobile ads can be great for page likes but often are horrible for conversions.
  4. Location.  Choosing the US only to begin often will get you no sales.
  5. Age.  Split testing age is a huge factor in success for selling a product.
  6. Gender.  Split testing gender is always a good idea rather than assuming you know which gender is best.
  7. Friends liking this.  When people see a friend likes your page, it gets a lot easier for you to get another like.
  8. Timing.  Running a lower budget ad campaign every day nearly always beats a short term high cost campaign.
  9. Ad headlines are critical for success in the right hand column where you can get low cost conversions.
  10. Ad pictures are fickle and you can only be sure you have a good one when the data shows you do.
  11. Ad body text split testing will make sure you show your audience want they want to see.
  12. Facebook page name.  Usually starting with a page related to your name or what you do is ideal.
  13. Competition for ad clicks.  Try running ads on Facebook at Christmas time and see how happy you are with the results.
  14. Frequency.  When people are seeing your ads repeatedly, the results are usually bad but occasionally work well for branding.
  15. Landing page.  Your ads can be perfect but if your landing page sucks, you will get nothing.
  16. Competition for newsfeed impressions.  Desktop competition often gets crazy but at least you don’t get fat finger clicks like on mobile.
  17. Facebook page cover photo, profile picture, about section, recent posts, and page likes.  All of these should look good if you want the most page likes.

If any of these are off, they will bring your conversions near to zero.  If all of these are not zero, then you have to multiply by these additional factors related to the ads and the competition:

If any of these are close to zero, your entire campaign return generally will be zero.

Facebook ads case study example number one!  You pick the perfect audience, get a low cost click, and get a like for your Facebook page.  The user only clicked like because your ad said to and they never actually visit the page when you click it.  That user already likes 2,019 other Facebook pages.  You pay to promote a post so they see your post two weeks later.  They see the post, wonder where the hell it came from, unlike your page, and hide your post.  Your results equal zero.

Facebook ads case study number two!  your user clicks your newsfeed ad which you paid an arm and a leg for, visits your website, and it then fails to load well on their smartphone.  Zero.  Another user clicks your newsfeed ad but visits your page.  They see a boring recent post you made and decide not to like the page.  Zero.  Another user visits your page from the newsfeed ad, likes that boring post, but sees only one hundred people like the page when they scroll down.  None of their friends like the page and they now don’t trust you as an established voice they should listen to.  Zero.  Yet another user gets past all of that but gets a text message from their significant other.  When they go back to Facebook, they go to visit a friend’s page that they suddenly are interested in after the text they got.  They forget all about your page and never see you in their newsfeed again even though you paid for six sponsored posts before you gave up.  Zero.  A desktop user visits your squeeze page and it does not load fast.  Zero.  The user after them tries to submit their email but the button does not work right.  Zero. The next user clicks past your squeeze page, visits your timeline, and leaves after seeing you have less than a hundred likes.  Zero.  The person after them likes your page to get access to the squeeze page but then changes their mind because they don’t want to see you in their newsfeed in the future.  Zero. The next person clicks your ad and gets a phone call right after the click it.  They open up new windows and yours falls into the many.  Lunch comes around and they close all windows.  They try to find you in their history later but give up quickly. Zero. The user after them likes your page and submits an email they are comfortable getting a bunch of spam to.  They get a notification and visit a friend’s Facebook page.  They check their spam email next month and don’t notice your email.  Zero.  The next user gives you their ideal email, likes your page, and checks their email.  Your email goes to their spam folder because it went to a lot of people’s spam folders before.  Zero. Another person submits their email and immediately buys your product.  They get frustrated trying to access it and demand their money back.  Zero. Finally, you get the perfect person that comes through, does everything right, and loves your product.  How much did that cost?

Another Facebook ads case study! Now you are a company with a product you know is hot.  You know that some people liking your page will convert in the long term and some visiting your website will convert immediately.  Your audience is matched up well with your product and you start posting weight loss stories.  A few of these convert really well in the beginning but the conversion drops off because the audience you selected is too small.  You pause that campaign and continue to try to replicate it.  After you get all of the power users interested in what you offer, suddenly the audience you used to target does not work anymore.  You try to reach a larger audience and build your likes.  The likes cost a fortune and you aren’t getting any short term conversions.  You try web traffic and while you get some conversions, they are costing too much and you aren’t getting likes.  You hire a company to help since now you have over 50 campaigns running and you have lost track of what worked and what doesn’t.  You have concrete goals and the company you hire gets you back on track with those goals in a more broad audience.  You try to push farther with the ads and get a bigger audience.  You double your spending.  Conversions are rolling in to begin.  While you have the company doing work for you, you also keep doing your ads.  You feel confident you are good at the ads by now but this new company has shaken your faith in yourself.  They send you a report showing how you paused the ad campaigns that were working the best and spent over 50% of your total budget on ads that were a complete waste.  You now are frustrated with the ads, the Facebook page, the product, and the company.  Even though you now are in the best position to succeed, you now are so burnt out you can’t stand to work with Facebook ads any more.  You pause all your Facebook ad campaigns and hope the over $100,000 you spent on Facebook ads will be recovered from repeat customers and the work you already did.  You spent thousands of hours learning something you did not like only to come out with zero interest in using that skill in the future.

Want to succeed with Facebook Ads in 2015?

Think out of the box and beat what works to death.

Where the Facebook page in the last story went wrong with quitting what was working and consistently pushing for growth to quickly, one car dealership in Washington shows exactly how to be successful.  In making their Facebook page, they consistently posted pictures of cars from their inventory.  When not enough people were viewing those pictures, they tried making some Facebook ads.  When the ads were costing too much, they tried to reach some lower cost audiences such as Hispanics.  Within a few weeks, they happened to notice they were getting a lot more Hispanic customers out to the dealership.  Most only said they found their dealership online but a few remembered it was on Facebook.  Armed with the knowledge that Facebook worked, they continued to make more ad campaigns on Facebook aimed at all audiences but with a focus on Hispanics for around 30% of the budget.  Like the weight loss page, as they increased their spending, the results went down.  Instead of pushing into new areas, they accepted that the ads had a limit and focused on continually doing what worked for the long term.  They largely ignored the number of likes their page had and eventually dedicated around 50% of the budget to Hispanic viewers.  They focused in on continually targeting the areas that got the most new customers and improved their posting strategy.

If you want to succeed on Facebook, you have to work to find what works and then stick with it.  What works often may not be what you thought it would be getting started.

Facebook Advertising FAQ Fan Questions.

Perhaps these questions and answers will give an even more clear picture of what is important for conversions with Facebook ads and answer the questions you have been asking.

  • The goal is that armed with more knowledge, you can have a better chance to succeed with ads on Facebook or decide that maybe you don’t even want to try them at all.
  1. How important is the Click Through Rate (CTR) on Facebook?  You should completely ignore the CTR on Facebook ads.  The only metric you need to pay attention to is Cost Per Action which could be Cost Per Like, Cost Per Click, Cost Per Engagement, Cost Per Install, or Cost Per Conversion.  The CTR on your ads is not something you should pay any attention to.
  2. Why is the CTR irrelevant for Facebook ads now? When Facebook first allowed ads to be shown, the CTR and your competition were the main two factors that dictated how much you paid.  If you could get a high CTR on a CPM campaign, you could get ridiculous results.  If you had a high CTR on a CPC campaign, you could often get a lower CPC.  While this is still true to a limited degree now, there are two factors of utmost importance that complicate this equation to the point where the individual numbers in it are irrelevant.  I have seen posts all over this forum with people saying how high their CTR is only to be paying an arm and a leg for a like.
  3. What are the important metrics I can’t see on Facebook? Junk clicks on mobile devices, fake/duplicate accounts, and Facebook user value.  One of the best moves Facebook has made in recent years is to focus their ads on mobile devices.  Unlike on desktops where users are precise with the vast majority of their clicks, the amount of junk clicks on mobile devices is hard to believe.  These include anything from fat finger clicks to pocket clicks to kids/friends playing with a device to drunk clicks and every other kind of undesirable click.  Facebook is making a fortune on mobile clicks and if you are showing ads in the mobile newsfeed, your CTR will be hugely inflated because of these junk clicks.  In addition to junk clicks, Facebook is loaded with fake or duplicate accounts.  People make duplicate accounts for anything from simply having a backup profile to creeping on other people’s profiles to just wanting to be someone else.  People often spend a lot of time on these backup profiles and are more likely to click ads on them because they know they won’t show up on their main profile.  How valuable is a like from someone’s backup profile?  You might have a better shot at getting in their newsfeed.  For CTR rate, the fake profiles are the worse.  It only takes a very small amount of fake profiles to push the CTR way up on all devices.  Facebook will allow one user to click 50 to 100 ads before they stop showing them ads.  Whatever the motive for these clicks, the larger Facebook gets, the more of a problem the fake profiles are.  There are no ad targeting settings you can use to avoid all fake profiles.  Many times the fake profiles will click on ads and like pages just so they can see more types of ads.  You can’t win the war against fake profiles and Facebook can’t either until they require some type of formal registration with a government agency.  Even then, that obviously would not stop them all.
  4. What is Facebook user value? Facebook now has enough data to place a relative price tag on every user in terms of their value in ad revenue.  With optimized CPM pricing, Facebook now is billing based on a user’s relative value.  This means power users like me which click on all kinds of ads, use Facebook all day, and have liked thousands of pages cost a lot to show an ad to.  I have seen optimized CPM prices over $100/thousand impressions which is even higher than many TV ad spots and nearly any online display advertising spot.  Combine the user value with the fake profiles clicking on ads and you have a devastating combination of worthless high priced clicks.
  5. What is the importance of Facebook user value as related to CTR and Cost Per Action? With Facebook knowing how much you are worth as a user, how likely you are to click on certain ads, and pricing based on these factors, the optimized CPM pricing now is a combination of getting all of these right.  If you are paying $40/oCPM with a 40% CTR, you still are probably paying way too much for whatever CPA you are trying to accomplish.  The key to getting really low cost clicks on Facebook now is to get the users with a low value that don’t click on ads often to engage with your ads.  This means you want to get a low optimized CPM price to show your ads and have a CTR that is high enough to multiply successfully with that optimized CPM price.  Which of these would you rather have for low cost likes? 0.5% CTR on a $0.01 CPM audience or a 5% CTR on a $0.20 CPM audience?  Assuming you get likes at the same rate as you get clicks on both, the ten times lower CTR will get you double the amount of likes on the audience that costs twenty times less.
  6. If I bid CPC or CPM (not optimized), can’t I still just have a high CTR and get good results? With Facebook knowing the user value, Facebook also now can choose which people to show CPC and unoptimized CPM ads to with a high level of precision.  Facebook is so good at this now that generally the optimized CPM price will be the same or lower for a click than the CPC pricing.  Thinking of trying to get a great deal with CPM?  In rare cases this may work but most of the time, just bidding on CPM will get you zero results.  If the audience is large enough, Facebook will intentionally show your ads to people Facebook knows are unlikely to click your ad.  If you don’t bid high enough to show your ad to these users Facebook knows don’t engage, you won’t even get any impressions for your campaign.  The days of throwing a great ad out with a low CPM bid are mostly over.  In any established niche such as MLM, weight loss, money making, or marketing, forget it.
  7. How important is setting up conversion tracking if I want people to visit my website? Adding a conversion tracking pixel to your website is critical if you want to optimize your campaigns for making money with your website.  When conversion tracking is setup, Facebook can show your ads to users it believes will convert based on your conversion data.  Facebook can do this because they have so much data on users that if your conversion tracking notes a few key metrics, they can predict which other users might convert.  Naturally, the most difficult part of this equation is getting the first conversion.  If you want to get the first conversion, setup the tracking as a “lead” rather than just a sale.  You will have more data about your leads and usually if you have data about your leads, you can work on your lead conversion process to increase sales.  If you place the tracking code after a purchase, it may be difficult to get enough data to optimize for conversions.
  8. Some coaches have incredible conversion data screenshots showing a few dollars spent and a lot more returned.  Should I believe them? I trust most people until they give me a reason not to and I certainly would never criticize someone else’s program without having been through it myself.  What you should know is that selectively picking data from previous campaigns has almost no relevance to what results you will see.  Weight loss is about the worst category for this in that they always are showing the people that were successful but you never see the people that failed.  Think of this example except much more extreme with online advertising.  I could show you screenshots of campaigns where companies made hundreds of thousands of dollars profit on their Facebook ads.  What I would not be showing you is all the screenshots of people that spent thousands of dollars with Facebook and got zero dollars back.  I have a lot more of those.  I could show you screenshots of where my ads worked ten to twenty times better than the ads that people did on their own but what you wouldn’t see would be the fact they still made zero dollars off of their much more effective ads.  You can put lipstick on a pig but that does not make it pretty.  If you have a sales funnel that is ineffective, a product people hate, or a business system that is not sustainable, no level of effective Facebook ads will help.  My favorite example before ending this question is from a dating perspective.  Before I met my wife, I could show you all kinds of pictures of beautiful girls I talked to and did more than talk with.  You might have thought I was a dating expert unless I told you I was single and lonely most of the time.  You could look at everything I did dating a as total failure except that the experience I got built up to the point where I met my wife and was able to succeed once.  Nearly any coach or mentor can have one success story if they try hard enough.  If you want to find the right person to work with, you will want to make sure that the team you make working together is great.
  9. Should I send people to my website, squeeze page, timeline, or a specific post? You should try all methods and see what is most effective to be sure you get the best results.  Every approach has benefits and limitations.  Squeeze pages are often great for affiliate offers because you can link directly to the offer on the squeeze page.  I like LeadPages best for squeeze pages on Facebook but there are lots of great apps where you can easily make a compelling sales page for people to use.  If you have a product that people will want to research and that you can retarget ads to later, sending people to your website is usually a better bet.  If you are looking for engagement on your page and conversions on your website, often a story posted with a picture and a link to your website can be an effective means for driving conversions.  Most of the best conversion campaigns I have seen were built this way.  If you want to have long term relationships built slowly over time, sending people to your timeline can be the best to get likes and engagement on all of your posts.  While people seeing one post will often engage with it, rarely will you get the one person that engages with all of them.  If you send them to your timeline, around one percent of the users will go crazy and engage with all of your posts.  The best way to have high organic engagement on a page is to continually push focused groups of global users to your timeline because the new people will continually boost your engagement on previous posts.  If you do not have many good posts on your page, obviously a timeline strategy would not be ideal.  If your website is not mobile friendly, showing ads in the newsfeed on mobile devices is a bad idea.  If your squeeze page app does not work consistently, sending people to your website is a better bet.  If your post shows up poorly in the right hand column or has anything on it that will get it rejected from Facebook ads, sending people to your timeline is a better bet.  Note that most squeeze pages are desktop only and mobile users will automatically be sent to the timeline if you do not exclude them from seeing the ads.
  10. Which users should I target on what devices? If you want to reduce junk clicks, skip advertising on mobile devices.  If you want to get noticed the most, make sure your ads are in the newsfeed.  If you want a chance to get low cost likes, make sure you have your ads in the right hand column.  If you have a squeeze page or almost any kind of page app installed, only desktop users can engage with them.  If you have a mobile app, you can only promote it in the newsfeed on mobile devices.  If you want likes for your page, try different formats and see which works the best.  If you want web traffic, generally desktop ads are best.  If you want visits to your local business and immediate calls, try newsfeed mobile ads.  If you target globally, generally just doing right hand column ads is the most cost effective.  If you want conversions, usually desktop ads in the newsfeed as a page post that go to your website and share a story are the best bet.
  11. What do I risk by doing my own Facebook ads? You risk both time and money with time being the more important in my mind.  You always can get more money in life even if you need to beg on the street to get it but all the gold in the world won’t by time.  I have seen people waste precious amounts of the little time they have trying to learn Facebook ads when they could have saved all of that by hiring a company to do their ads.  Even companies charging a fortune are often a better bet than dumping hundreds of hours of your own time into the ads interface only to realize you hated it.  One CEO of a company was spending 10+ hours per week doing his own ads.  While he had worked up to getting solid results out of them, if you calculated his effective pay rate and multiplied that by the hours he spent on Facebook ads and compared it to what he would have spent if he had hired a company to help instead of doing it himself, he had lost well over ten thousand dollars by doing his own ads.  What is worse is that while he did not actually lose that money, what he lost instead was time with his family, friends, and the opportunity to do work he enjoyed.
  12. How did you get over a million Facebook likes in 2013? I ran global ad campaigns for two of my company pages with faith based messages priced with optimized CPM.  Most of my ad campaigns ran at $0.01 with a CTR of around 0.5%.  The cost to get over a million likes was around $5,000 in ad spend.  I did it to show that I could push the ad system to infinity and beyond in a way that was obvious to anyone that looked at my company pages.
  13. What are you most excited about for 2015? YouTube ads and extra-long promoted Facebook posts.  For example, I will put as much of this as I can in one post and promote it on Facebook.  The idea is that people that read the entire thing with have the highest likelihood of taking some other kind of action and it stands out from all of the short posts currently promoted.

Thank you for reading my Facebook advertising FAQ!

  • What can you do with the information included in my Facebook advertising FAQ?

Facebook ads faq Facebook advertising conversions faq

 

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