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FBRETARGETING&ADOPTIMIZATION
Clark Boyd & Ximena Sanchez
AGENDA
INTRODUCTIONS POWEREDITOR&
ADSMANAGER
PIXEL
AUDIENCES AUCTION PROSPECTING
RETARGETING CREATIVE CAMPAIGNSETUP
INTRODUCTIONS
INTRODUCTIONS
Ximena Sanchez
2 years in digital marketing
Croud USA’s first employee
Loves travel, exercise and puppies
Clark Boyd
7 years in digital marketing
Moved to NYC in early 2016 to launch Croud USA
Loves travel and puppies, not exercise
OURAPPROACH
DUALSTRATEGY:ALWAYSON
PROSPECTING REMARKETING
POWEREDITOR&ADSMANAGER
LET’SHOPRIGHTIN
WWW.BUSINESS.FACEBOOK.COM
FACEBOOKOBJECTIVES
THREEMAINCATEGORIES
AWARENESS CONSIDERATION CONVERSIONS
Brand Awareness
Local Awareness
Reach
Traffic
Engagement
App Installs
Video Views
Lead Generation
Conversions
Product Catalog Sales
Store Visits
AWARENESS:REACH
To reach the maximum number
of people in your audience
CONSIDERATION:TRAFFIC
Watch out for click bait!
Send people to your website,
messenger, or app
CONSIDERATION:APPINSTALLS
Drive app installs to iOS or
Android
CONSIDERATION:LEADS
Gather emails or other info from
your audience
CONVERSIONS:CONVERSIONS
Drive actions on website or
app
CONVERSIONS:PRODUCTCATALOGSALES
Promote your products and
target interested individuals
PIXEL
EVENTS
TRACK
OPTIMIZE
TARGET
THE(IN)FAMOUSPIXEL
Communicator between Facebook and
your website
Can track full journey of site behaviors
One piece of code across your entire site, with events
Double check with FB Pixel Helper Chrome Extension
FACEBOOKPIXELIMPLEMENTATION
New FB Pixel
- Site-Wide
Visited Sun
Protection Page
Add to Cart
Entered Payment Info
Completed Checkout
AUDIENCES
HOWTOTARGETONFB
CUSTOM LOOKALIKE SAVED
Upload own CRM list
Create pool from website traffic
Gather app users
Create a list of people who have
engaged with your FB
Create people that are
similar to a custom audience
Choose country
Create most similar (1%) to
broadest (10%)
Create a mix from custom,
lookalikes, interests, and
behaviors
Choose geo, demographics
DEEPERDIVEINTOLOOKALIKES
STEP1
Choose source
STEP2
Choose country/region
STEP3
Choose percentage
STEP4
Double check
audience overlap
SEEDAUDIENCES
Segmented from your CRM
CORECUSTOMERS
Highest LTV
Highest AOV
This is your
very best customer
SPECIFICPURCHASERS
People who bought x
category
People who bought x
products
HOLIDAYS
People who bought
during holiday seasons
People who bought last
Mother’s Day
DEFININGAUDIENCES
Growing seed audiences to target highly qualified individuals
SEEDAUDIENCES
Need to understand current
implementation
- Top customers
1%LAL
Taking the seed of 1000,
and targeting lookalikes of
that subset
2-10%LAL
Based on success and using
the same principles we’ll
then look a broader
lookalikes from 2-10%
USE INTEREST&BEHAVIOUR
Using FB we’ll use interests
and behaviors to build
prospecting pool
PARTNERLISTS
Tapping into more
granular third party
audiences from Axciom,
Datalogix & Experian,
Bombora etc.
CUSTOMAUDIENCES
(Retargeting)
Based on site behavior and
CRM lists, we’ll retarget
and re-engage customers at
certain points in the funnel
AUDIENCEOVERLAP
Should not be >30%
HIGHOVERLAP
Sometimes not as different as you
would think
Always check to make sure not
speaking to same people
E.g. Cat vs Dog Owners
CAMPAIGNSETUPBESTPRACTICES
CAMPAIGNSETUP
OPTIMIZEPERADSET
Organize on campaign
level
Optimize on ad set level
as FB will
BUDGET:BIDRATIO
If using manual bid,
ensure budget is 5x bid
If on automatic, analyze
how much you are paying
per action
AUDIENCEEXCLUSIONS
Avoid audience overlap
Should not separate if
high overlap
3-4ADSPERADSET
Should have 3-4 ads per
ad set
Let FB optimize
LET’SLETITALLSOAKIN
ANYQUESTIONS?
LET’SPIECEITALLTOGETHER
WHATMATTERSONFACEBOOK
AUDIENCES
Targeting
BIDDING
Setting the right bids, selecting
the right ad format
CREATIVE
Text, video, image
HOWDOESTHEAUCTIONWORK?
WHYTHEAUCTIONEXISTS
CREATESVALUEFOR
ADVERTISERS
1 PROVIDESPOSITIVE,RELEVANT
EXPERIENCESTOFBUSERS
2
HOWTOAUCTIONWORKS
MAXIMIZES ADVERTISERVALUE OPTIMIZES
CONSUMEREXPERIENCE
BID
Bid value for the
desired outcome
Estimated
action rate
Relevance &
quality
HOWTHEAUCTIONWORKS
Two types of bid:
• Automatic
• Manual
• Average
• Maximum
TIME
COSTPERRESULT
$10
$8
$4
$2
$10
$12 $12
BUDGET5XBID
HOWTHEAUCTIONWORKS
CAMPAIGN
OBJECTIVE
BRANDAWARENESS CONVERSIONS LEADADS PRODUCTADS CLICKS
Why
Cheap impressions to
reach a broader audience
Identify people most likely
to complete purchase
Easy way to collect emails
and phone numbers at
very reasonable prices
Bottom of Funnel - high
conversion rates
Bring cheap traffic to your
website
Targeting
Interests, behaviors,
demographics
Retargeting, look-a-likes Retargeting, look-a-likes Retargeting
Interests, behaviors,
demographics
Creative Video, carousel, canvas
Video, carousel, standard
ads
Lead ads Dynamic Product Ads
Video, carousel, canvas,
standard ads
25ACTIONS/
ADSET/WEEK
BUTWHATIFBESTPRACTICEFAILS?
We’re here to help
ABC’SOFFACEBOOK
AUDIENCES
How to properly target
and segment
BIDDING
How to find the right bid
with rising CPMs
CREATIVE
How to create Facebook-friendly,
“thumb-stopping” assets
AUDIENCES
AUDIENCES:THREEMAINPROBLEMS
ADSSTOPSHOWING
Correct bid and budget, but delivery is not there...
Check website, CVRs, pixel
Check negative comments
Check audience fatigue
AUDIENCESTOPSPERFORMING
Are your audiences competing for
one another? Is there overlap?
Check audience overlap tool
to ensure under 30%
Correct CRM data
HYPERTARGETINGISMAKING
PERFORMANCEWORSE
Are you too granular?
Or simply do not segment...
Only segment when truly necessary
Better to give Facebook more data per ad set
AUDIENCEEXAMPLES
Before After
Used LALs and interest targeting but
segmented by:
● Device
● Gender
● Age
● Placement
LALs were of all customers and website
visitors. Interests were very broad.
Used stronger LALs and did not
segment unless absolutely necessary
Example of where it makes sense to
segment: 30 day website visitors vs cart
abandoners.
Example of strong LAL seed audience:
Subscribers who have been with the
company for over 2 years.
THERESULT
WEEKLYCONVERSIONS&CPA
CPA
CONVERSIONS
TESTINGAUDIENCEFATIGUE
• Something we like to do is have
audience fatigue reporting
• Systemized approach to identifying
creative fatigue via frequency and
reach metrics.
• Once you run for a while, you’ll
understand when you’re audiences
start to become fatigued
• It’s very easy to burn through top
audience quickly if not controlled
BIDDING
BIDDING:THREEMAINPROBLEMS
OPTIMIZINGGADATA
Why are they so different?
Decide on a company attribution
We would say the actual value is somewhere in the middle.
RISINGCPM’S
Told to bid “true value” but simply not
competitive enough
Test other forms of objectives - e.g. link clicks
Use FB to find relevant audience and use
retargeting in more expensive campaigns
Paid media as blended channel
PIXELPROBLEMS
Implementing it correctly is key, especially
for conversion campaigns
Use the FB Pixel Helper Chrome extension
Tag events properly
GA.VSFACEBOOK:CONVERSIONLIFTTESTS
This same logic applies for comparing ad groups within Facebook
10,000
Total Purchases
20,000
Total Purchases
Users not
targeted
with FB ads
Users
targeted
with FB ads
200 conversions that can be estimated
to be affected by the advertising
800 conversions were directly
attributed to Facebook ads
BIDDINGEXAMPLE
BLACKFRIDAY
2-3WEEKSBEFORE
CPMs for conversion
campaigns were at $23,
meanwhile link clicks at $8
Most competitive
time of the year.
DURINGBLACKFRIDAY
Continue prospecting campaign.
Targeting website visitors from
the last month with a link clicks
campaign and a compelling offer
EXPERIMENT
Idea is to test new ways
to use the platform.
Find a better way when the
algorithm is too expensive to use.
Launched a link clicks
campaign
Getting people to the website
at a cheaper cost.
CREATIVE
CREATIVE:THREEMAINPROBLEMS
CREATIVEFATIGUE
Found an ad that works well but is slowing down?
Have you tested it on another audience?
Recommend refreshing creative every 2-4 weeks
LACKOFCREATIVERESOURCES
Difficult to create assets
List of available apps
Don’t need a huge production
to create something that will work
ADSNOTRELEVANT
Having irrelevant ads will cause negative feedback
Need to ensure creative resonates with audience
Need to make it FB friendly
CREATIVECONSIDERATIONS:THOUGHTS?
CREATIVEEXAMPLE
CREATIVEEXAMPLE
Croud took
over (may 11)
Introduced new
video (july 28)
Introduced new
creative (june 24)
1
2x
364%
240%ROI target
Increase in monthly
revenues from fb
in 3 months
Increase in
overall revenues
Facebook is only
Paid channel
Social Media Strategies Summit Chicago - Facebook Retargeting
CREATIVECONSIDERATIONS
CREATIVEEXAMPLE
CAPTURE
Your audience's attention quickly.
Make sure there are moving parts
and captivating moments, so they
can identify your brand early on.
DESIGN
For sound off.
85% of video is watched without sound.
Use captions, and split screens with
subtitles to communicate via words as
well as video.
FRAME
Your story in
creative ways.
Create visual surprises to keep the
user engaged and watching longer
EXPERIMENT
and make it fun.
Keep using creative ways to present
your products and story. Using visual
effects, vignettes and gifs.
CREATIVEAPPS
CREATIVEAPPS
ANYQUESTIONSTHUSFAR?
PROSPECTING:DEEPDIVE
PROSPECTING
BRANDAWARENESS CONVERSIONS
Cheaper traffic to get in front of people
Using interests and behavior targeting
Telling FB directly what you want from these
people; e.g. purchase
Strong lookalikes, e.g. 1% best customers
Assuming they have never heard of your brand...
WHATHAVEWESEENWORKBEST?
Across different spend levels and verticals...
SOCIALPROOF
Using other’s reviews
Any publication
STRONGCREATIVE
Dual images: showcasing
your product along how it
is used
Strong video that is
eye-catching
DON’TJUSTSELL
Engage the user by asking
questions
Show how service or
product will help
Customer-centric not
product - centric
PROMOTIONS
Doing a first time
customer offer
Careful not to become
discounted brand
PROSPECTINGEXAMPLES
BRANDAWARENESS CONVERSIONS
PROSPECTINGEXAMPLES
CUSTOMER-CENTRIC CUSTOMERREVIEWS
RETARGETING:DEEPDIVE
RETARGETING
TIMEFRAME PAGESVISITED
Visitor within 7 days vs 30 vs 90 days
Relevant, timely content
Did someone bounce off home page?
Viewed content?
Added to cart?
Speak to them dependent upon where and when were on site
WHATHAVEWESEENWORKBEST?
Speak to them dependent upon where and when were on site
TAILOREDCREATIVE
Treat each retargeting
pool separately
E.g. Ask questions to cart
abandoners
DIFFERENTCREATIVE
Don’t use the same
creative as prospecting
They have already seen it
DON’TOVERDOIT
Ensure to have a clean
funnel
Don’t target them for 90
days with the same ad
DYNAMICPRODUCTADS
Showing what people
want to see
High ROAS, even on GA
RETARGETING
30DAYS BASKETABANDONERS
DUALSTRATEGY:ALWAYSON
PROSPECTING REMARKETING
SEQUENTIALSTRATEGY
FIRSTTOUCH
Prospecting Ad.
Awareness-driven only targeting
new users - clear message
directed at custom audience.
Video Ad would be ideal
REMINDER
Reminder about services to
audience in week 2.
Carousel ads showing the
whole campaign.
SOLUTION
Retargeting ad focussed on
services, benefits and solutions.
Targeting those who have not yet
converted.
PERSONAL
Retargeting continued
based on site activity.
Ads they have seen and
locations they’re based in.
GOOGLEANALYTICSVSFACEBOOK
GAvsFB
GOOGLEANALYTICS
● Full credit to last click within a single session
● FB does not share impression data
● Not able to track cross-device
Will always be drastically different, why so?
FACEBOOK
● 1 day post view, 28 day post click
● Tracks people, not cookies
● Want it to be the end of last-click
Decide on company
attribution
WHATCANYOUDOABOUTIT?
Different ways to look at data to prove your point
ASSISTED
CONVERSIONS
Where was FB involved
but not the last click?
TIMELAG
How many days does your
sale cycle on a click-basis
last?
CONVERSIONPATHS
What do these conversion
paths look like?
The longer, the more
difficult
PATHLENGTHS
What is your average
conversion path length?
Holistic Approach
CAMPAIGNSETUP
CAMPAIGNSETUP
ORGANIZATION CAMPAIGNOBJECTIVE
Recommend splitting out
by retargeting and
prospecting and show
value to people who have
never heard of you before
AUDIENCES
Use creative to resonate
well with the audience you
are speaking to; e.g. basket
abandoners are very
different from website
visitors 90 days ago
SEGMENTING
Only segment where it
makes sense and have
different messaging
Set the campaign objective
to the end goal of the
campaigns; e.g. link clicks is
not the best to drive sales
FEWQUESTIONS
When do you want to segment your audience?
How many actions should you get per week?
What should you do if you are not receiving that many?
If you wanted to drive a CPA of $30, what budget/bid should you use?
THANKYOU!
QUESTIONS?

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