Instagram Stories was introduced back in 2016 and since then it has taken off to become one of the most used features on Instagram. The Facebook-owned, 15-second format has allowed businesses to create engrossing and powerful advertising for a wide audience. Before jumping straight into brainstorming your quarter-minute masterpiece, let’s go over the 5 things you need to know about creating Stories ads for your apartment community.
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Online car research and shopping creates ease and convenience for the buyer, but can pose a challenge for dealerships. As consumer behavior changes, you need to shift your strategy to deliver relevant ads to high-quality prospects. What is the best way to reach consumers online and deliver a compelling ad that drives traffic to your site?
Facebook Marketing Science and Oracle Data Cloud recently analyzed 64 auto campaigns, evaluating the quality of audience and scale across a variety of publishers. The study found that auto advertisers should use their data to create high-quality audiences and then execute highly-targeted campaigns to achieve the quality of audience and scale that delivers results.
According to the study findings, advertisers were able to reach more car buyers on Facebook than through most other publishers. In this analysis, Facebook’s audience was above average on the quality index and was particularly strong in delivering auto buyers at scale. Facebook ranked in the top 10% of publishers in these studies and first on 25% of the campaigns analyzed. Combining quality and scale resulted in the best performance for Facebook compared to other publishers.
What strategies can you implement to reach more car buyers on Facebook?
Lookalike audiences: Lookalike targeting gives you the ability to find more qualified prospects by leveraging the data from your existing campaign, reaching people who have not yet expressed an interest in your business, but more than likely are interested in what you have to offer.
We can pull lookalike models directly from the pixels we’ve placed on an advertiser’s website for your specific retargeting campaign and then use that data to target similar Facebook users.
Custom audiences: Creating custom audiences within Facebook enables you to deliver a relevant and effective message to known audiences, increasing efficiency in your marketing campaigns. With custom audiences, you can define groups of existing and prospective customers and serve ads to these targeted groups who have already expressed an interest in your brand.
Dynamic Facebook ads: We offer a relevant, highly-targeted advertising option with our Facebook dynamic ad campaigns. This tool reaches active car buyers by sharing your real-time inventory with them. Our Facebook dynamic ad campaigns show your inventory to the best prospects on Facebook by driving traffic right to the Vehicle Detail Pages (VDPs) for your cars. Dynamic ads are relevant, maintenance-free, and shown to buyers who are lower on the purchase funnel.
By implementing these strategies, you can increase your ROI by targeting in-market shoppers who are looking for cars you have on your lot. Contact us today and we’ll get your social media advertising campaigns working for you.
Facebooks’ dynamic ads are an excellent tool to show your real-time inventory to in-market buyers. Until now, your audience was limited to potential customers who had already interacted with your website. Now, Facebook is expanding its dynamic ad offerings by allowing you to deliver ads to users who have browsed multiple websites or engaged with content on Facebook looking for a similar product.
How will this work? Facebook’s ad-serving algorithm has added multiple signals and behaviors that will help determine who sees a particular ad. By expanding the retargeting pool, you can expect better performance from your dynamic ads. The updated dynamic ad options offer:
Broader retargeting: The update broadens Facebook’s dynamic ad format beyond basic retargeting. Let’s imagine that you own a car dealership. Instead of being limited to promoting a car to someone who has looked at your website, you now have the opportunity to promote your car to people who looked at similar cars on other sites or followed a Facebook page dedicated to automotive-related content. You can reach these broader audiences of people who have expressed interest in what you’re selling, even if they haven’t engaged with your website.
Improved relevance: By using multiple signals for retargeting, dynamic ads are becoming much better at predicting intent and becoming more relevant. A user could be checking multiple websites for a product, or they maybe clicking content on Facebook that provides Facebook with signals that indicate they may be interested in buying a certain product. Your ad reaches more active shoppers, giving you a greater ROI.
Exposure to new customers: Get your brand in front of potential new customers, in addition to people who already may be customers. You can promote specific products to a buyer who is searching for what you’re selling, but may not know that your business exists.
Benefits small business: In the past, dynamic ads have been most beneficial to big e-commerce companies that drive considerable website traffic. Smaller e-commerce sites have been limited by their traffic, only showing ads to the people who have visited their website. Without that traffic, there are fewer people to reach and fewer ads to be shown. This expansion provides new opportunities to show relevant ads to potential customers since it has broader reach.
But is Facebook dynamic ads right for your dealership? View a case study from one of our automotive clients here. We can get you started with an ad campaign that targets Facebook users when they spend time on the social network. Contact us today.
You’ve heard you should be advertising on Facebook and we now have even more evidence as to why it’s a good idea. A new study says that Facebook users engage with promoted posts the same way that they react to organic content. According to L2’s Promoted Posts report, emotion reactions on paid posts are nearly the same as reactions to organic posts1. Facebook users actively engage with promoted posts as much as organic posts, proving the effectiveness of serving Facebook ads to target audiences.
Knowing that users will respond and engage with your ads is a huge benefit to advertising on Facebook. If that isn’t enough to convince you, consider four other compelling reasons why to advertise on the social network:
With 1.49 billion members worldwide, and 22 billion ad clicks per year, Facebook is providing businesses with the largest advertising opportunity since search. Your Facebook audience is waiting for you to reach out with targeted advertising.
The days of reaching fans with organic posts are gone because with Facebook’s algorithm, those posts aren’t appearing in their newsfeed. Getting traction from organic activity on your business page won’t yield results, so you need to advertise. A dollar spent on Facebook ads goes much further than other advertising platforms. You can run a focused, cost-efficient campaign with minimal effort.
The level of targeting you can get with Facebook is exceptionally focused. Choose audiences by behaviors, interests, demographics, age ranges, or locations. Try remarketing on Facebook through Custom Audiences. This strategy targets an audience that has already visited your website, and therefore is more likely to be interested in your dealership. Custom Audiences enables you to deliver a relevant and effective message to known audiences, increasing efficiency in your marketing campaigns.
Facebook offers multiple ad formats for you to use, including these three popular options:
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