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Why Your Facebook Ad Budget Is So Important

**Why Your Facebook Ad Budget Is So Important**



View Time:17:3Minutes



In this video, teach you how important the size of your Facebook advertising budget is and the impact it can have on your cost per purchase.


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hey guys thought heads now want to talk about why ad budgets are so important and why really small budgets can literally destroy your chances of getting results for your clients and I'm not just talking about spending a little bit of money meaning you get less customers through the door but actually how a small budget can impact the cost per new customer acquired as well so first of all I'm going to be announcing the competition winner from last week's video in this video I'm to be doing this that midway through and I'll do that live for you guys so you can see exactly how I choose who actually win so that's going to be wicked and yeah let's get into the bottom of this video so I get asked this a lot and I see it pop up in my Facebook groups all the time people take me on clients with very very small budgets and wonder why they're not getting results and a massive massive misconception in Facebook advertisement an Instagram advertisement that is that if that's a it costs one pound together new customer let's say you're working with a restaurant and it's costing you five pounds to get a table booking now that's about the table that's a bigger I've just plugged out my ass so let's just say for argument's sake that this is costing you five pounds per table booking and you're spending a hundred pounds okay so you're getting twenty bookings for that hundred pound now if you've spent then spend fifty pounds that means that you're going to get ten bookings okay where have you spent 200 pounds that means you're going to get forty bookings that's what people think and that's how people think it works and it's not at all and I want to explain today why smaller budgets why little budgets can actually mean that you spend a hell of a lot more to acquire a customer than on at larger budgets okay doesn't just influence the amount of customers to getting through but it massively influences the cost per customer as well because it takes much longer for Facebook to find your ideal customer and optimize your advert and actually first of all I think it'd be really valuable if I go through what kind of budgets you should be looking for with your clients because I've seen people take on part of the most Pony of adverts spend and they're not getting any results and they're wondering why and enough enough you need to be working with clients who are prepared invest money who are prepared to spend money on guessing new business who are prepared to invest in themselves to get a return on the investment okay I'm fed up the same people Chuck like 50 pounds a month into Facebook adverts that think it's gone away that's not how it works at all okay so let's just say you're working with a client and you sign them up for 1,000 pounds per month regardless of the industry you absolutely at the minimum should be aiming for 50% of your service charge to be spent on advert additionally okay so the service charge and your adverts then are completely separate this is another common misconception people think oh do I take the end of the ad spend out of my service charge no your service charge is your service charge that's accurate separate and your ad spend comes directly from your clients bank account charged from Facebook okay so they your client bank account details their card details are set up on the Add Account they get charged every month automatically by Facebook your service charges your service charge you should not be paying for clients adverts out of that charge okay so if you're selling someone up for point one thousand pounds you should be saying to them you're going to be spending a minimum of five hundred pound a month on adverts right but you really really want to kind of assert yourself on seventy five percent or hundred percent or more because the more money that they spend on adverts the easier it is for you to get a return on investment the more money you're going to be making them the better you're going to look because you're going to be making them more money and they're going to be profiting more okay because you need to subsidize for your service charge you can't be charging someone a thousand pounds a month and have them spending about 100 pounds a month on adverts because you need to get ten fold your app spend before you have even broke even with the climb okay that's not even considering their profit margins so you need to pay for an absolute minimum of 50% week of service charge but ideally 75% a hundred percent or even more than that okay you get a card who's spending more ads than your service charge they're going to be the easiest client in the world to get results for okay now as a rule of thumb let's say you're working with a restaurant they need to be spending a minimum of five hundred pounds a month if you're working with an e-commerce business they need to be spending a thousand pounds a month if you're spending with dentist needs to be again about 500 to a thousand pounds a month minimum generally speaking I will not work with any business unless they are willing to spend five hundred pounds a month in fact nowadays I won't work of any business unless they're willing to spend at least 1,000 pounds a month an advert but when I first started it was 500 pound a month minimum in adverts because you've got enough money to test and you've got enough money to fully optimize your advert and make sure that you are getting the best bang for your buck for your clients anything below that you're gonna be getting service charges under a thousand pounds it's not really worth the time that you have to put into it that's my personal opinion you're more than welcome to but trust me when I say I'm speaking from experience it is not worth working with anybody who wants to spend less than 500 pound a month on adverts now what I want to do is I want to jump onto the Mac and I want to explain this to you by by drawing something out for you because I always explain this to people visually okay I want them to visualize this in their mind I always explain that our Facebook audience if you imagine a Facebook audience and the way Facebook works our Facebook audience is like a lake it's like it's like a big fishing lake okay the bigger the audience the bigger the lake and the app budget is the net that Facebook are throwing out into that Lake and the potential customers are fish that they are trying to catch okay so you see where I'm going with this what I'm gonna do is on the jump onto the Mac right now and yeah I'll explain this week okay so I'm just over on sketch to IO it's just a really simple website that I use to to demonstrate things visually for you guys so what I'm going to do is I'm gonna draw out free like this so as we said Facebook ad audiences are like Lakes okay in the larger the audience the larger the lake sighs okay so here we have a small audience we have a medium audience and we have a large one I'll just label these for you so small Indians let's just say for instance right from say this is like 50 K audience this is an audience of around 50,000 people it's a pretty small audience get rid of that let me just copy this so this one's a medium audience and this one is a large audience okay so mid let's just say this is sold UK this is under 200 K and then we have a large audience as well so a large audience which is let's to say is 1 million plus ok ok so inside these audiences we have our potential customers lots of little fishes ok so here are our little fishes that's it's a good awful fish but what we'll do is we'll take that fish there and I am going to load a fish okay so we got loads of potential customers all over the place all in these lakes and what I'm going to do right now is I'm just going to finish filling out these fishes in these lakes okay so we've got our fishes we've got our potential audience and and obviously the the larger the audience the larger audience the more potential customers there are inside this lake now what you need to understand now as well and sort of change this color here what you need to understand is that a Facebook ad budget right it's like a fishing net okay so let's say this is a small ad budget this is a medium ad budget this is a larger budget okay and for argument's sake again let's just say I'm making us off of the top of my head let's just say this small budget is like 100 pounds or like yeah so this is this is this is $100 okay and let's just make this a little bit smaller if we can okay $100 then our medium budget is let's say $500 and our large budget is over $1000 so it's 1k plus okay now obviously budgets can range anything up to like 20,000 40,000 hands depending on the business but we're just doing this for demonstration purposes so you can understand this now if we're working on a small ad budget and a small audience size what Facebook's do every day when you allocate your five pound a day adverse event when you're testing out advert does they even cast this net into your bed there they're like and they will try and find a fish okay so let's just say that costs are now on the first day this is Monday they've cast the net they've caught no fish so what they then do is they cast the net again and they've caught no fish and then they've caused custom there again they found a fish okay but I by this time you've already spent three days worth of advert budget okay because they're constantly casting and they don't cast once a day they're casting multiple five times throughout the day okay they're throwing your adverts out there to these audience but your budget and your net isn't possibly big enough on a hundred pounds a month to cast out and reach the whole audience there okay so you're just casting out this small little net hoping to get a fish and when your Facebook get a fish when Facebook a potential customer or they've actually made a sale for you that you will carry on casting in that similar place okay so they're going to cast here they're gonna cast a little bit here they're gonna cast here catch another one and then they're going to come across this nice pool of fish and this is when the ad is fully optimized okay they have found this pool of fish and they're gonna carry on casting in this area because I know this is where the top fish like to hang out this is where the top customers like to hang out but I have wasted a lot of money doing this casting all over the place which means your cost per acquisition is going to be pretty expensive so let's just save argument's sake again your cost per acquisition here is five pounds and I hope you're with me hey guys this isn't pretty advanced stuff for you to understand so let's just say the cost per acquisition here is five pounds cost per acquisition okay so this is how much you are spending to get a customer because you've wasted a lot of money casting in the wrong places now let's just say we had our small ad budget and we are on a medium audience or on a large audience do you imagine how hard it is for Facebook to find these fish how much longer is it going to take for Facebook to find these fish and optimize the advert and again with the large audience now you can see why it is so hard do you have a small budget and a large audience even a small budget in a small audience is hard enough right but let's just say we have a larger budget let's say we are spending $500 a month okay and we wanted to cast that into our small audience we're gonna find them fish a lot quicker okay we're gonna find them and optimize in much less time okay so that 5 pound cost per acquisition could actually end up being 3 pounds for example $3 on our medium on our medium sized budget okay because we have a larger net to cast out okay and then we have our lot of really large budget pick and then get them fish straight away because we're got a very large budget and a very small audience so we can actually get our cost per acquisition down to let's say 2 pounds okay and again this is just throwing figures out in the air okay now let's just go on this again if we're using a medium budget and we're casting a medium audience sighs we're getting pretty good we're going to be getting fish there's not many places where we've got playing spaces medium budget on a large audience is not ideal okay now we're starting to to fill the gaps a bit we're going to be wasting money it's going to cost us more to get a customer but a large audience on a large budget we've got a large net cast out we're going to be finding this sweet spot this is the Holy Grail we want to be finding this this is when I act and are fully optimized okay so I hope this is making sense for you guys what I'm trying to say here if small budgets are no good okay small budget just even on small audiences are no good you're gonna if you're spending a hundred two hundred pound a month on adverts you are never gonna reach your full audience good enough you're not gonna reach them in enough time to get a good cost per acquisition the larger the budget that quickly you are going to find your fish and the smaller your cost per acquisition is going to be so it is not the case that you spend $100 on adverts and you get let's say you're spending $100 in adverts and it's going to cost you the same amount of money to get a customer as it is with $1,000 okay $1,000 at that budget it's going to cost you much less to acquire a customer so you're going to get more customers and they're going to be cheaper so it's an absolute no brainer with a small budget you're going to get less customers and they're gonna be more expensive because it takes longer for Facebook to find the fish for Facebook to find them so a larger budget will always win okay and I hope this is making sense to you guys I hope this you're following this video and make sure that when you're working with your clients you are always aiming for the medium to large audiences the larger the budget but medium to large budgets the larger the budget the better do not accept anything less than 500 pounds $500 because you are not gonna be having a big enough net to find the fish okay and this is also the reason why some adverbs you could launch five adverts which are exactly the same going to the exact same audience but some of them would perform better than others only because Facebook have cast their net in the correct place out of chance okay there was a lot of charge for Facebook first you could have a 500 pound advert budget on a month and you could have this is your net okay and this is this exact same audience and you can have five advert of the exact same nature go into the exact same audience with the exact same net size but you are getting better results on one or two of the advert because of luck because Facebook managed to cast the net in the correct place in the first place okay and that is why some advert performed really well and some adverts don't even though they have the exact same copy and exact same audience okay guys what we're going to do now is I'm going to announce the winner of our YouTube competition so YouTube's comment to pick up I think there's a there's an app I've used before so let's just find app and random comment picker here we go so we're gonna go over to the video and I'm gonna take this link and I'm going to copy that kinda guides here with a paste that in get YouTube comments 105 153 people enters start that raffle and here we go Joe Vaughn nice work his goals are to land his best suit clients in April Network learn more and learn some more okay wicked Joe I'm gonna find you on the the video and I'm gonna comment on your comment right now here you are you post with one day going I swear plan I am gonna comment on your video right now congratulation congratulations and I'll carry on that's in a moment okay you guys I'm gonna take you back to the camera one moment okay guys we are back I hope you've got loads value from this video congratulations Joe and so load this up again and I just want to quickly recap on this because it's really really important that you understand this and you understand a small budget on no good okay because small budgets do not even compete with larger budgets it doesn't just mean you're then you're getting less customers it means that you're going to get in more expensive customers as well because Facebook's net is too small to throw out in that light and catch fish quickly ok larger budgets are going to optimize quicker they're going to catch fish better because I can throw a big net out into the lake they combined the best straightway and start casting in the same place and start optimizing very very quickly and this is crucial when you're working with clients you need to add votes to optimize very quickly because if you're working on even a 500 pound a month budget okay you're spending five dollars a day five pounds a day on testing adverts okay you can't be waiting a week or two weeks until they find the fish because you'll have spent half your ad budget you need to get them optimized quickly which means you need appropriate budgets for your appropriate clients service and now appropriate audience okay if you're working with an e-commerce applied this is why you need a thousand paddle my budget plus because the audiences are large the audience is our 1 million plus ok notions are very big with brick-and-mortar businesses generally speaking your audiences are going to be around their 150,000 marketplace so medium budget under 500 pounds is going to be about right if you're working with anything less than that I would advise you wasting your time ok I hope you've got loads of value from this video guys please do share it with somebody you need to see this who's being confused about the matter you've got any questions please do drop them down below and I'll be happy to help you out Cheers

Using Facebook To Find Motivated Sellers | Wholesaling Real Estate 101

**Using Facebook To Find Motivated Sellers | Wholesaling Real Estate 101**



View Time:10:32Minutes



Using Facebook To Find Motivated Sellers | Wholesaling Houses 101

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hey everyone welcome to my youtube channel once again obviously these videos here that we create are called the elite war room the wholesaling elite war room and these videos are more technical to tell you exactly some things that you want to do in your business so today we're gonna start off by talking about facebook right so everybody knows everybody's skeptical about using Facebook but I'm gonna explain to you how in my business I use Facebook to generate leads and create brand awareness every single day alright so obviously we're here on Facebook and more importantly I want to take you guys over to this and everybody in this business knows exactly what this is this is Excel and this is all the information from a list that we already buy or peer a curate ourselves so most people buy a list from list source or in case in my company we generate our own list probably 90% of the time but this is the simple data you're talking here is the street address the city the state in the zip code alright that's the actual subject property and then you have the owners first name last name phone number if this is already been skipped raced and you have the owners address okay so let's take line number two for example the owner lives at 48 Petersen path in this city that state and this zip code right so most of us already have this information we have thousands and thousands of thousands and thousands of all this data and this has come from a list so let's just say this list is a high equity list right everybody on this list going all the way down to four thousand three hundred ninety-four people on this list okay that's a lot of data that is king in any company you work for okay so I'm gonna show you how to use the data that you already have and implement it into Facebook so you can get leads that way okay first off by starting what you want to do is go to your Facebook homepage as if you just logged in okay and then you're gonna go to your add managers button down here on the left side and if you've never created an ad before I would suggest you watch other YouTube videos on how to actually create an ad I'm just going to show you how to create a custom audience list with the data you already have okay now you're going to go up here to this three button you're gonna create audiences okay and what you want to do is go over here let's see and custom audience and you're gonna use customer file now basically that's your CV your file your saw file from Excel spreadsheet so we're gonna click on that custom customer file and what you can do is add customers from your own file and paste data you do that copy and paste data or you can add using a CSV file which is what we're gonna do now there's some basic things you need in order to make it work and we're gonna try with this all right you're gonna upload the file and I've saved this file to my desktop I've named that okay and what its gonna do it's going to see the data and you're gonna name the custom audience and we just said we're gonna name it hi hi equity list and I'm just gonna put test for you too okay just so you guys know so you're gonna put the name because it's important to know where the list came from okay then you're gonna click Next this is pretty simple this video is not gonna be long at all so the street address the city in the state we don't actually need that because that is the actual subject of the house now if you remember the street address is the actual house that we're interested in buying but necessarily does not have to be the house that the owner lives in so for example Kendall Drive is not the same place that the owner lives in okay what we want is the owners first name so owners first name and you put here you wanna say first name click that box now Facebook knows what that data is and actually want to take this one do not upload that data there that because that's part of the actual property address owners last name let me click that phone number you can add it if you haven't it's not necessary to have it actually doesn't like the way I uploaded that it wants it into a different format so I'm just gonna not upload it in this file here the owners street address this is important you don't need that it's not important you need the city okay and the state that the person lives in and the zip code is also important okay so what it does now the five columns are mapped out if you see below here will be upload the first name last name city state and zip code of the person alright the more information the better obviously but this is the key things you need right here you're gonna upload and create now Facebook is gonna take all the data from that that excel file you put up there and it's gonna go out and it says it's uploaded to three hundred and three four thousand three hundred ninety three uploads what it did okay so you can next up is to create an ad or you can do a look like audience actually we're gonna do neither we're just gonna click done and what you'll see here is this high equity list test from YouTube is uploading the audience okay so once that is done it can take a few hours and even till the next day sometime it's gonna come back and say we found this so you upload that four thousand list and it's gonna come back let's just look at my small tax list I have here boom you have the audience showing that this is it came back and found six hundred and thirty I don't remember I think I uploaded like twelve thousand I think it usually finds about fifty percent okay so I don't want to really show you how to create a ad because that's not really what this video is about it's just showing you how to create and custom audience list and here's why it's important so I'm going to I'm not really gonna go into this in detail but I'm creating an ad right now and I just want to show you for the reason why just put a video test YouTube okay I'm gonna continue ad set name hi equity and test okay so what you want to do is create the add the custom audience if you click on here your audience will be up here this one is not ready yet so it's not gonna come up let's just say it was ready we'll click on that list okay and you want to target anybody that lives in United States you actually don't want to narrow it down to your city and state you want to leave this all the way open detailed target you'll want to do any detailed targeting because you just wanted to target everybody on that list you created now you can go in here and change all this stuff the reason why I wanted to show you this is because what happens is I use a video ad so video is the most converting thing in to in Facebook so I can just browse the videos that I already have and I'll show you guys where I created this this is just a simple video that I got created here on Fiverr it's just this a cartoon explanation video I think it's like 30 or 60 seconds and it says the same thing hey Ian problem want to buy you want to sell your house we more than happy to help you blah blah blah blah blah but here goes the important thing okay so let's let's after you do all this the add part that you want to do is the text part okay you're gonna say since this is the high equity list you can say something like ready to downsize we will buy your house cash or you know whatever your your your ad copy is but since since we know this list is too high equity list we want to say something that identifies with the people in this high equity list so it's just gonna say you know empty nesters or whatever so if it was the tax list let's just say it was a tax delinquent list my first thing up here would say are you behind on taxes right and that will pop up over here to the right where you see you know are you behind no taxes and then you go and say we buy houses fast cash whatever bla bla bla for any reasons no repairs you do that the video is the same for every ad I do but the difference is is the ad copy is geared towards whatever list it comes from and just pretending that this was the tax delinquent list I would put that as an ad copy and and do and hit go and you can do this budget as small as five ten fifteen dollars a day but I have several lists going so I think all together I spent probably like I have a budget of spending about fifty bucks a day but we don't we don't get that near to it because our audience is very near I've gotten deals from this plenty plenty of times I've got leaves ik and it tracks it and it's also it's very all that's very trackable you know so this is the easy part and I just want to just show you guys what this is I know it's not as detailed as far as how to build the audience on Facebook I mean there's many many other videos on how to build at how to create audience I just wanted to show other wholesalers and real estate investors how to use the data that they already have and pay thousands of dollars for to repurpose it in order to get some squeeze the blood out of Iraq say the same with the list and the stuff you already have ok guys so this was a short video if you have not subscribed please do so please like and share this video if you've learned anything give me a subscribe I'm trying to get to 500 subscribers very very soon and they follow me on instagram at the real max well I appreciate everybody and I hope this was helpful and have a great day talk to you soon

Facebook Ads vs Groupon: PROS and CONS for small businesses!

**Facebook Ads vs Groupon: PROS and CONS for small businesses!**



View Time:7:42Minutes



How familiar are you with Facebook ads and Groupon when it comes to small businesses? Maybe you’ve wondered which route would be better for your own business. Check this video out and watch as I go over the PROS and CONS of deciding which platform to use when trying to attract new clients/customers for your business!
all right quick question are you more familiar with how Groupon works for your business or are you more unfamiliar about how facebook marketing works for your business either which the way I'm gonna break down to both of them for you today I'm gonna be going over the best option in my opinion as a digital marketer for your small business all right so we're gonna start off with Groupon just in case there's any of you guys out there you know being mistreated and used and abused by Groupon I want to save you guys first all right so I'm pretty sure we all can agree that Groupon is for bargain hunters these are the people that are looking for a deal any way possible all right and of course freebie seekers there's nothing but freebie seekers and bargain hunters on Groupon meaning that nine times out of ten you won't be seeing them again once they come in for your offer all right the freebie seekers are the worst they want borderline free things free services free products simply because they downloaded that app now another thing about rupaul is that Groupon themselves actually dupe you out of 50 percent of your money which is I swear that's crazy if you're watching this video and you have your Groupon services up there please please take them down because they're not they're not doing right by you okay trust me when I say that they're taking 50% of what it is that you're making that's crazy so if you have a $50 offer that would usually go for 50 bucks you put it on Groupon and settle for half hoping that whoever comes then and buys that offer is gonna come in again when in actuality everyone on Rupe on is bargain hunters our bargain hunters and freebie seekers you know what I mean so that equation just doesn't add up to a longevity of profit if you ask me I mean not don't get me wrong I know some of those leads that come in from Groupon do become lifelong patients but I won't average their bargain hunters and freebie seekers and you shouldn't allow them upon to take half of your money to deal with bargain hunters and all right because the only one true main audience on Groupon is bargain hunters and freebie seekers best that's the main audience on Groupon and that's a fact that's the fact you can't fight that all right now on the other hand of things when you slide on over here to the Facebook life the Facebook Ads life you'll be treated a lot better all right they take care of you over their facebook facebook allows you to do something called disruptive marketing and disruptive marketing for example would just be you know I'm scrolling on Facebook and I know that I should go get my teeth cleaned I'm past due for teeth cleaning right now say you're a dentist and you're advertising on Facebook and you have a disruptive marketing strategy going on right so I'm scrolling I'm scrolling but you know I see an ad with a pretty good offer saying you know $25 teeth cleaning with exam and x-rays I'm oh boy oh boy oh boy let me sign up for that let me go ahead and you know pay my twenty five bucks and hopefully if they do a good job I'll stick around you know what I mean so that's pretty much how it works with that so with that being said you get more qualified leads out of Facebook simply because they're interested in what it is that you have to offer but they're just not looking for a discount you know what I mean it's pretty much you know it's black and gray on field it's black and white on Facebook there's no gray spots like is either I'm gonna pay for what it is that you have to offer at the price that it is or I'm just not interested in versus Groupon you have to mark down your your your average prices just to attract a bargain hunter or a freebie seeker it doesn't make sense to do that when you can do this all right and Plus on top of that there's disruptive marketing which leads to more qualified leads on top of that Facebook advertising is the cheapest form of marketing with the highest return on investment all right you can literally run five to ten dollar heads a day and generate leads for as low as change on the dollar honestly you can like literally get leaves for like 50 cents if you're doing retargeting all right that's a rare occasion I don't want you to think like all gone you know 50 50 cent leaves oh boy yeah it's true but at the same time you know usually there's a little bit up there a little higher than that but I'd say on average you can get leads from anywhere from five to ten dollars depending on what it is that you're offering if it's a more high high ticket service you might you know spend around 15 to 20 bucks even if you get a $30 lead for $100 service or something like that that's that's still pretty good that that's good you're you're in the green versus being in the rain group on your water line start off at the red hoping that you transition into the green with time but we're not going for that we don't want that alright so again cheapest for marketing with the highest return on investment and on top of that it allows targeting to your specific audiences now I'm not sure if you saw my other video talking about your ideal patients but that's what this is about targeting you can literally pinpoint and target exactly who it is that you're looking for based on their interests their behaviors and their demographics in Facebook's database all right very powerful stuff very powerful go check that video if you haven't already okay and to top it all off there's 2.5 billion users active monthly users on Facebook even between 2.5 and 2.7 but there's even I believe there's a mill over a million daily active users on Facebook every single day not even to include Instagram because Facebook owns Instagram and Instagram it's the hottest thing around as of now they Instagram is literally bigger than Facebook all right depending on your demographics in that case right if you're an older person you might be on Facebook a little bit more but the younger crowd the Millennials are definitely on Instagram having a good time all right but did you know fun fact here just on top of this that the age between the ages of 30 and 65 year olds all across the country are literally on Facebook some people think that you know Grandma and Grandpa aren't on Facebook and that's where they're wrong they're like there are senior citizens no offense to any of you guys that are watching this if you're watching this there are literally people of all ages on Facebook and Instagram oh right Groupon I mean I guess all ages on Groupon but the thing is the difference you can't target them you gotta you you got a hope that they come to you and you got a hope that they're genuinely interested in and then on top of that you just gotta hope that they're just not a complete bargain hunter or a freebie seeker all right so with that being said take this all in consideration if you know what I know which in this case now you do Facebook is the way to go do not do not do business with Groupon if you are a small business owner all right trust me Facebook is definitely the better way to go trust me see you in the next video

How To Run Facebook Ads On A Budget (The 3 Core Campaigns You Should Run)

**How To Run Facebook Ads On A Budget (The 3 Core Campaigns You Should Run)**



View Time:13:45Minutes



Hey, guys! In this #KimTV episode, I’m going to show you how to run Facebook Ads on a budget + the three core campaigns you should be running whether you have $50 to spend or $500k. 😉

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hey guys i'm kim heemin is your digital marketing strategist and in this episode we're going to talk about what you should be spending your first 100 dollars on Facebook Ads if you're trying to grow your online business and really start getting some momentum so if you want to learn more about how you should be spending your advertising budget definitely stick around all right so I hope I don't have to convince you that Facebook ads are incredibly relevant especially today when you can actually get some amazing cost per lead when you're trying to find your ideal prospects on the platform so if you've tried other services like Google AdWords you know that although those type of prospects are highly highly targeted because they're searching for your product program or service the cost per lead is actually really really high and well not bashing you know Adwords I think it's they're an amazing service and we use them all the time I just don't always think that it's the best way to spend money on getting liens when you're first getting started in your business or if you want to take you know things to the next level the problem with AdWords is that I shouldn't say the problem the the strategy with AdWords is that you're always targeting low-hanging fruit right it's those it's that segment of the market who's actively searching for a specific product because they have the intent to buy and around only you know about 10% of the market in any industry is actively searching for a specific service or product or program that they want and so you're missing out on 90% of the marketplace who is the right ideal customer for your specific product program or service but they're not actually ready to buy it yet or they might not even know that a solution exists to their problem so that's where Facebook advertising comes in and you have a much longer sort of customer journey right because with Facebook ads people are not looking to purchase things right then and there so you have to set a pathway a customer journey you know you have to introduce your brand you have to introduce yourself you have to lead with value and then take them through the process of building a relationship with them and closing them you know and having them become about in other words so a lot of times you know when I'm talking with customers and clients were actually going through an amazing rollout of a cool program inside the business on called smart Facebook ads and I've been talking a lot with my students about this mindset shift right this mindset shift that has to come when you're running Facebook Ads you have to Center your campaigns around content if you want to do some amazing things with Facebook ads every single day you know I get targeted by companies who are doing this all wrong on my Facebook newsfeed they're going straight in for the kill right they're going straight in for the sale and that's the equivalence of you know us going out and and you know hanging out at a party and then a random dude coming up to me and saying hey so I have this amazing product that does this wonderful thing for your hair I notice that you need it it's 50 bucks ready to buy it light as in like right now what first of all my reactions gonna be like dude I don't know you and you're cramping my style right I'm hanging out with my friends and having a good time I don't know who you are and I don't want to buy your stuff so whenever you are running Facebook ads is the same exact thing most of us go to coal traffic which just means that it's people that don't know who the heck we are and instead of introducing ourselves we hit them up with the latest offer the latest like marketing campaign and that's not the way to do that you want to build a relationship with people over time and you want to introduce your brand to them and you do so by adding value you do so by presenting them with content for online business owners that usually is you know a blog post video a podcast episode content that you've created that builds value that either entertains educates or empowers your users so that is one of the things that I want to talk about today because your advertising budget should account for folks who do not know you on Facebook and so you really just want to run three basic campaigns your cold traffic campaigns those are campaigns that are designed to war people up to your brand to introduce your brand to people who have never heard of you and transition them from someone who doesn't know you to someone who knows you and is beginning to trust you and is ready for you to present them and offer so the second campaign you want to run is to warm traffic and those are folks who know like and trust you right so they've already been introduced to your brand they kind of know a little bit about you but they haven't actually purchased from you yet and those are your website visitors those are your email subscribers those are your fans on your Facebook page and so those people you can become a little bit more aggressive and I use the word aggressive very lightly because I don't mean you're going to hammer them over the head you know with whatever offer you have it's not appropriate to go to your warm traffic and say bye bye bye bye bye bye bye bye non-stop right you want to lead with value so get them on a webinar get them on your email list and sell them via email don't sell them directly on the platform although you can and it's appropriate in certain circumstances like for example if you're going to offer them a flash sale or you're going to offer them exclusive you know promotions that are only available to them because you know they're either your website visitor or they're on your email list or they're a Facebook fan you can also send them to an introductory low-cost offer which is usually what converts best so someone you know who doesn't really know you yet hasn't purchased from you might be apprehensive about buying something from you for the first time so one of the quickest ways to get away from that kind of objection is to offer them something small that is not very high you know cost introduce them to your product and down the line upsell them on your core offer so one of the ways that I do that here is I offer an introductory program called create a cookbook content calendar it's $19 and we sell it for $100 on the site but for new visitors we offer it to them for a limited time for just 19 bucks and they get introduced to our brand then we completely blow their mind with amazing content that is worth you know 30 40 times what they paid and then we upsell them on to the next product which in this case is either the business lounge or his Ilic to social those are my two core offerings and so you can do the same thing with any type of business right whether it be a traditional business that is selling physical products or you know an online business that is serving that is selling services when I used to run services but I did a service based model not a program or information based motto I did that for quite a few years and I used to introduce folks to my service by offering something very simple like for example setting up their Facebook page and designing their cover art and then once they started working with me they trusted me they knew the quality workout that I did I would actually upgrade them to a monthly recurring service plan and so that is a way that you can start moving folks from getting them to know you to actually becoming paying customers and that's what you want to allocate your budget for you know a warm audience and then finally you want to always bring your existing customers back to your business to purchase from you time and time again this is extremely important especially if you're doing business online so you want to make sure that you have enough offerings right enough products programs or services to where you can bring someone back to your business for more time and time again and so one of the ways that you can do this is via continuity program right so you can have a service based business and you get them on a monthly retainer or perhaps if you have a subscription maybe you sell actual products that are refillable like let's say supplements then you can get people on a subscription plan right you can get them on automatic refills and that way you are actually bringing them back a month after month into your business but let's say that you don't have a product like that let's say that your product is one-off and what once someone purchase it from you they're never going to do again or you have a very very long you know comeback cycle like we did for for Chris's moving company right people move Navy one time a year and it took a whole year right to even get a new customer to come back to us but it actually worked really really well so you want to nurture them and use your hot traffic campaign to get them to come back for more or at least have you remain top of mind so one of the ways a lot of companies do this is simply by you know sending ads to HOT traffic so people who have already purchased from them and what you do with that type of audience is you either re-engage them right you send them to more content you get them on a webinar you get them to read a blog post or you simply have them refer a friend you can have them come back and purchase something else this is great for retail companies right you guys have a ton of accessories and you have like you know shoes and beautiful um well let's say that you're a clothing retailer then you have like you know shoes and purses and all of these like hair pins and blouses and skirts so you have a lot of inventory right you can mix and match but for those of you who maybe have a service you can come up with a different type of service right you can that's very simple to do you can ask folks for their feedback you can constantly stay top of mind with them and so here at the company you know we're constantly getting folks to come back and actually be part of one of our webinars we pitch them on a different product and most of the time those are our superfans those are the people that purchase from us time and time again because they know the quality of our service they already trust us and guess what they'll refer their friends to us so they'll tag them in the comments and they'll be like oh this is awesome you have to check it out I just purchased it so though that's kind of like how you should really start spending you know your ad budget and then when it comes time to okay how much should you spend for a cold audience versus a warm audience you know versus a hot audience this is how I do it so I learned strategy from digital marketer Mollie Pittman she's amazing and I sort of tweaked it a little bit to fit my own client's needs and my own business so you can tweak it as well this is just a benchmark of what I recommend let's say that you are spending $10 a day on Facebook Ads you can spend less than that you can spend more scale it up or scale it down this is just a benchmark so if you're spending $10 a day you want to be able to spend 50 percent of your marketing budget on or your advertising budget on a cold audience because those are new eyeballs into your business right that's the new blood and you want to constantly bring new people into the business so I would spend five dollars a day in reaching a cold audience and then I would spend about thirty five percent of my advertising spend my total advertising spend on a warm audience so that would be three dollars and fifty cents per day and then a hot audience I would spend about 15% of my budget so um 15% of you know $10 a day is a dollar and fifty cents and so that should give you a benchmark of what you should be spending on these three basic and super essential advertising campaigns for your business I hope that was helpful I hope that you got some insight and you're starting to see you know how this can work for you if you want even more information on how to run a profitable Facebook ad campaigns in three steps you definitely have to sign up for my masterclass it's going to be linked somewhere on the video and also in the description below come on over sign up for the master class I promise it's going to be worth every second of your time and I can't wait to see you in there but for now if you like this video make sure to give it a thumbs up definitely leave questions in the comments below I pop in here every couple of days to answer those for you and definitely share this video with a friend that might find it helpful thank you so much for watching and I will see you next week with another quick marketing tip bye for now

Optimize Facebook Ads for Conversions by Offering Discount Codes 😍

**Optimize Facebook Ads for Conversions by Offering Discount Codes 😍**



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How to Optimize Facebook Ads for Conversions by Offering Discount Codes 😍

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hey what's going on I'm so happy you clicked on and I just want to say to you straight up that you've definitely made the right choice by clicking on my video my channel here Kurt Canon definitely has the best quality content on YouTube as it released a Shopify drop shipping from Aliexpress alright so with that said if you agree with me at the end of this video or even right now go ahead and hit the subscribe button just below this channel so you don't miss any of my future videos in today's video I'm going to be talking to you guys about optimizing your Facebook ad campaigns for Shopify for conversions alright so Facebook recently updated their advertising platform and they have added a couple of new features but there's one key feature that jumps out that stands out that a lot of guys setting up new ad campaigns are even skipping over because they are not paying attention so I'm going to show you what that is and I'm going to show you exactly how to use it and how to increase conversion to your Shopify store by doing so so this is an example of one of new ad campaigns on how it looks and as you can see here to show you in a discount code and persons can click get offer to get that discount code jump over to your website use a siscon call that check out to get whatever this code you're giving away on their orders are on specific products in your Shopify store so let me show you how it's done the first thing you need to do is actually go to Shopify and create a discount code right so it's pretty simple I'm going to show you how to do it right now alright so you want to go to your domain name that my Shopify dot-com slash admin / discounts and then you will land on this page you want to click on create this code once you click on create discount it's pretty simple here discount and mean so let's call this I'm gonna call it Q 2 Q 2 sales let's call it Q in sales and you have three different discount options right so you can choose a percentage discount or a fixed amount discount are free shipping dropshippers we are giving away free shipping fixed amount doesn't always work so let's do percent and I'm gonna give 10% of my entire orders alright so this is requires a minimum purchase no I'm gonna leave that default applies to entire order you can choose selected collections if that's what you want to do or you can choose selected products it's eligible to everyone so I'm gonna leave it at default as well there is no usage limit right because I want as many persons to accept this offer as possible and you can accept this and music offer more than one time all right as it relates to the dates I want to start at the scampi and write notes under stony because to be in stit and basically that's it just click save this code and your discount is created so when persons are checking out on your website all they need to do is enter this discount code and they automatically get 10% of your orders so I'm going to show you how to add this year Facebook ad campaign no to make it redeemable from Facebook and Instagram or aware of your ad is being shown alright so once you have your histone code set up you want to go to your business manager page in Facebook you want to go to ads manager we're going to create a simple ad just so I can show you where to look for the new setting on how to activate it so let's click create ad let's create a really quick ad I'm trying to drive some traffic to my site so that's gonna be in my um my Google my campaign goal so let's just give this a couple seconds to load I'm not sure what's happening because my internet should be working pretty fast I just created alright so concentration is traffic that's the default you can change the campaign name if you want I'm just gonna leave it as traffic alright so right here as you can see says traffic and I'm trying to get traffic to my website if you're trying to get traffic to messenger app and you can select that but just below that as you can see here this is a new section that says awful right awful right here so this is where you want to include your offer and in this case they offered me the discount code that you are you have taken from your Shopify store you want to offer to your nearly the persons viewing your advertisements on Facebook and Instagram so by default it's off so you want to ensure you turn it on right and we want to show this offer on the page associated peds I'm going to show you it on Microsoft's page and now I'm gonna create the UH phone alright so in the alpha I'm gonna say 10% 10% off its item right if you want to keep it short and spicy tell them exactly what they'll be getting you can add some details to see whatever offer valid through to December you can say whatever you want in the details on you can set start and indeed so I'm gonna set and indeed here to December 31st right it's only redeemable online you can select in-store both if you want for the offer URL right that's where you want to grab the order for product that you're giving away or to your store if you're giving it store wide you can just enter your store URL or someone persons to jump directly to this off of this particular listing so this is what I'm gonna use for the offer URL so I'll just go back to the ads manager please that as offer URL and this is where it says type of promo code so you see the no code one order unique hood right so let's do one coat and a promo code that we created was q2 sales so here I'm just going to enter q2 sales as the promo code and I'm limiting this to a thousand per say all right so you can do 5,000 pintos or whatever you want to do once that's done that's basically the offer that you've created so what I want to do here is to basically just click on create alright so that offer is created so once that's done you go ahead and continue setting up your ad as you will usually so you select your target audience you set your budget of course your daily budget once that's done we click on continue alright it's like your ad type so I'm using the carousel for that and then you select some images the Queen in Paris le new we have to select two or more images select new two images for this example just to show you exactly what I'm doing here so those are two images that I'm using in your text field you want to ensure that some part in your text will have a link to your website because a lot of persons don't really like to click on the face buttons so I usually just add my link as a part of the text to the website so I'm just talking some fixed here and as you can see here the link to the website is here with some additional text and once that's done that's basically my ad campaign set of applications pretty simple there's a preview here with two images and on offer which are discount code here so once this is promoted across Facebook and Instagram persons can see this offer offering 10% of another King since you're saying 10 ads and it at a percentage sign here 10% of enter this discount code they will get 10% of the entire order once the visit website and add items to their cart so what this will do for you is that it will increase your conversions right the persons will be motivated to click through to your website because versus like to get stuff for free like to get discounts and supply it do so just by enabling offers on your Facebook ad campaigns you can significantly increase your conversion rates and make a lot more sales in your Facebook stores so basically that's it pretty simple to create Facebook Ads pretty simple to no offer pool discount codes which will increase their conversions alright so once that's done if I wanted to push this out I'll just click confirm which will charge my accounts and to go through a review process will usually take five to ten minutes to review your advertising campaign and if accepted your ad will start running immediately so that's it for this video guys i show requires a lot of stuff i show you how to create ISKCON pools and also add it to your Facebook ad campaign alright so I really hope this video helped you out and like I said at the beginning of this video my channel is one of the best channels on YouTube as it relates to drop shipping on Shopify from Aliexpress if you do agree please go ahead hit the subscribe button just so you don't miss any future videos and basically I'm also gonna invite you to go and watch some of my older videos if you're starting off with Shopify alright so that's it for this video once again thank you so very much for watching and before I actually go please go ahead check the description I always leave new stuff in the descriptions of all of my videos so go ahead check the stuff in the descriptions click on them and check them out and some may be affiliate links that's a disclaimer with a lot of my stuff are free alright so thank you so very much watching and I will definitely steel in my next video peace