start creating your own first party leads using facebook lead ads
TRANSCRIPT
Want Trackable ROI?
STOP Buying 3rd Party Leads
1st Party Leads Via Facebook AdverBsing Are Your Ticket to the Big Time
FACEBOOK QUICK FACTS
FACEBOOK 1.7 Billion Users Per Month
WHATSAPP 1 Billion Users Per Month
MESSENGER 1 Billion Users Per Month
INSTAGRAM 500 Million Users Per Month
Should You Stop Buying 3rd Party Leads?
Should You Stop Buying 3rd Party Leads?
3rd Party Leads are an option, but have you considered dynamic product ads?
Perfect 3rd Party Lead Example
Dynamic Product Ads Using Your Inventory Use your inventory and your offers to create dynamic product ads.
SOCIAL MEDIA MARKETING THAT MAKES MONEY AND MAKES SENSE
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
Social Media
DO YOU CARE?
OF COURSE YOU DO
ALTERNATIVES TO ORGANIC CONTENT
Click to Website Ads! Local Ads!
Carousel Ads! Lead Ads!
Social Media – NOW Your Targeted Market The Right Customers and More of Them Facebook Lead Ads/ROI Reputation Management Conquest Facebook Advertising ROI – Recap
Social Media – NOW Your Targeted Market The Right Customers and More of Them Facebook Lead Ads/ROI Reputation Management Conquest Facebook Advertising ROI – Recap
SOCIAL MEDIA PERCEPTIONS
• A Lot of Work • Difficult To Calculate ROI • Takes Time To Grow
MOST OF THE FOCUS IS ON SOCIAL.
Before… SUCCESS METRICS
Likes, Comments, Shares, Engagements
Before…
SOCIAL MEDIA PERCEPTIONS
Targeted •
Fast • Easy To Track •
High ROI •
THE FOCUS SHOULD BE
ON THIS.
Before… SUCCESS METRICS
Likes, Comments, Shares, Engagements
Before…
SUCCESS METRICS Reach, Leads, Conversions,
Impressions
Now
AUTHENTIC IDENTITY
INEFFICIENT AND NOT COST EFFECTIVE
Other publishers use cookies, site logins, and UDIDs
HOME MOBILE TABLET WORK
≠ ≠ ≠
EFFICIENT AND COST EFFECTIVE Other publishers use cookies, site logins, and UDIDs
HOME MOBILE TABLET WORK
≠ ≠ ≠
With Facebook, your identity is the same across browsers
HOME MOBILE TABLET WORK
= = =
EFFICIENT AND COST EFFECTIVE
THE GOOGLE FACEBOOK COMPARISON
AUDIENCE
Gave people a better way to connect with content
AUDIENCE
Gave people a better way to connect with relationships
BUSINESS MODEL
Organic: Get your site on page 1 Paid: Serve ads based on user's search preferences
BUSINESS MODEL
Organic: Build fanbase Paid: Serve ads based on user profile preferences
SUPPLY & DEMAND
Advertisers bid to get on page 1 of results
SUPPLY & DEMAND
Advertisers compete to get in newsfeed
PAGE 1 = NEWSFEED
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
Social Media – NOW Your Targeted Market The Right Customers and More of Them Facebook Lead Ads/ROI Reputation Management Conquest Facebook Advertising ROI – Recap
HOW DO WE !MOST COST EFFECTIVELY !
REACH OUR!MOST PROFITABLE !
CUSTOMERS?!
RADIUS MARKETING IS DEAD
CRM
DMS DATA
YOU ALREADY HAVE THE TOOLS YOU NEED
1ST Party Leads
Every online customer lives at a
physical address
Don’t fall for the pitch. ROI begins before
the campaign is sent
AS UNIQUE AS YOUR THUMBPRINT
AS UNIQUE AS YOUR THUMBPRINT
AS UNIQUE AS YOUR THUMBPRINT
AS UNIQUE AS YOUR THUMBPRINT
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
Social Media – NOW Your Targeted Market The Right Customers and More of Them Facebook Lead Ads/ROI Reputation Management Conquest Facebook Advertising ROI – Recap
ALL CUSTOMERS ARE NOT THE SAME
INCOME
LIFESTYLE
LIFECYCLE
GEOGRAPHIC
YOUR IDEAL CUSTOMERS HAVE A UNIQUE PROFILE
“LOOK-ALIKE” TOOLS LET US CLONE IDEAL CUSTOMERS
Customers with right profile who live in your most profitable zip codes
Historical Customers
26,420!Look Alike Customers
35,281!+!
61,701!=!
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
Social Media – NOW Your Targeted Market The Right Customers and More of Them Facebook Lead Ads/ROI Reputation Management Conquest Facebook Advertising ROI – Recap
Facebook Lead Form Ad
Facebook Lead Ad Basics • Only displays on mobile
• Visually similar to Click to Website ads
• All Facebook targeting options are available, including Polk data
• Consumer submits a lead and then is provided a button to go to a landing page
Dealer Example
Dealer A: -‐ 18 Leads – 21 Days -‐ 9 Brand New to Dealer -‐ 9 Closed Lost (>90 Days in CRM)
Dealer B: -‐ 9 Leads -‐ 42% CR
Dealer C: -‐ 12 Leads -‐ None in Dealer CRM/DMS
Lead Ad Beta Period One Year Ago
Real Dealers & Real Results Dealer 1 – Service Offer
Dodge Chrysler Jeep RAM Dealer in Virginia
Addi$onal iden$fying informa$on redacted.
Dealer 1: 106 Leads -‐ CPL: $8-‐18 -‐ 28% CR -‐ Procision Insights
Real Dealers & Real Results Dealer 2 – Service Offer
Honda Dealer in Florida
Addi$onal iden$fying informa$on redacted.
Dealer 2: 62 Leads -‐ First 45 Days
Real Dealers & Real Results Dealer 3 – Sales Offer
Buick GMC Dealer in Illinois
Addi$onal iden$fying informa$on redacted.
Dealer 3: 40 Leads -‐ CPL: $15
Dealer 1: 106 Leads -‐ CPL: $8-‐18 -‐ 28% CR -‐ Procision Insights
Dealer 2: 62 Leads -‐ First 45 Days
Dealer 3: 40 Leads -‐ COL: $15
Real Dealers & Real Results
66% lower cost per acquisition compared to previous link
ad campaigns
Enhancing qualified leads
2X increase in leads compared
to previous link ad campaigns
Sona MedSpa used a series of lead ads on mobile to reach men and women in 7 US markets around its locations with information about its different spa services. The lead ads offered special promotions and free consultations, with ‘Learn More’ call-to-action buttons. When prospective customers clicked through, they landed on a contact form pre-populated with information based on what they share with Facebook,—making it quick and easy to submit. Sona MedSpa customized its form with specific questions it needed to qualify and convert leads efficiently. The company entered all the new leads into its sales process, where representatives could promptly respond by email and telephone. To retarget ads to people who visited the website, Sona MedSpa used the Facebook pixel to capture targeting information and create a Custom Audience. The company also used the pixels to create a lookalike audience based on people who had converted during previous Facebook campaigns. This allowed the company to reach people similar to those already identified as highly qualified leads, which helped to increase conversion rates.
Source: Facebook for Business Success Story, December 2015
Stuart Weitzman uses lead ads for newsletter sign-ups
54% reduction in CPL
Source: Facebook case study, Sept 2015
Housing.com used Facebook’s lead ads to drive low-cost leads from people looking to buy a home
50% reduction in CPL
Source: Facebook case study, Sept 2015
7 x Lead
Increase in 5 Days
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
Social Media – NOW Your Targeted Market The Right Customers and More of Them Facebook Lead Ads/ROI Reputation Management Conquest Facebook Advertising ROI – Recap
Failing to manage your online reputation can KILL your ad budget.
Example: An ad leads to a Google search for the dealership.
Which dealership would you rather shop at? The dealership with 27 reviews and a 3.5 star rating?
Or the dealership with 257 reviews and a 4.4 star rating?
REPUTATION IS A GAME OF PERCENTAGES
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
Social Media – NOW Your Targeted Market The Right Customers and More of Them Facebook Lead Ads/ROI Reputation Management Conquest Facebook Advertising ROI – Recap
12 mi
Build Awareness & Consideration: Local Awareness Ads
Objective: Increase Brand awareness for local dealership pages based on location targeting
$0.98 Cost per click (CPC) thru
to dealer website
2212 Unique dealer website
visits generated
23X Return on
advertising spend
Boosting local awareness and touting the Castle Difference
23 New cars sold thru
local targeting
Facebook Ads have given my dealership the ability to target the exact customers that matter to me and my business. There is no other marketing solution in the world that allows me to target exactly who I want to speak to at the exact time I want to speak to them. ”
“ Joe Castle CEO, Castle Auto Group
Local Awareness Ads: Call Now
Say hello to your new customers
When someone is near your business, they can see a Local Awareness Ad in their
News Feed
Clicking on the Call Now button will launch a pre-filled business
number
Local Awareness Ads: Send Message Connect with customers over Facebook Messenger
Clicking on the Send Message button will launch a
message composer
Local Awareness Ads: Get Directions Drive foot traffic to your store
Clicking on the Get Directions button will launch the phone’s
default map app with the business marked and a recommended
route to it
When someone is near your business, they can see a Local Awareness Ad in their
News Feed
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
SOCIAL MEDIA MARKETING
MAKE SENSE?
MAKE MONEY?
Social Media – NOW Your Targeted Market The Right Customers and More of Them Facebook Lead Ads/ROI Reputation Management Conquest Facebook Advertising ROI – Recap
ROI – Where to Start?
1. Where to start? That’s a tough question. Too many factors can make this confusing to many people.
• If you’re being told that you can calculate monthly ROI form old “social” engagements and not new “media” KPIs, it’s time to change your vendor.
2. Success starts at the beginning.
• When creating the campaign, plan ahead for the outcome you want.
ROI – Where to Start?
3. Or, start at the point of lead generation for Lead Ads
• Are your Leads being delivered to your CRM at the time they are created? If not – change your vendor.
• Facebook Leads are even more highly sought after than any 3rd party lead.
• Remember: the same rules that your dealership has been trained to follow when it comes to any type of lead is amplified here. Keep in mind these customers have provided you their best methods of contact.
• Have you used Facebook Messenger? Have you suggested it to the potential client?
ROI – Let’s Get Tracking
1. Have you ever heard of Offline Attribution? Facebook has a specific API !!for reporting on Facebook Ad Campaigns.!
• Do you know what percentage of your sales (new, used, CPO) and service RO’s each month clicked on a specific Facebook ad? !
• Your vendor should be using these tools. If not, find someone that is.!
2. Have you tried to match your leads with your CRM ! Tool, DMS system, and additional Facebook API data? !!
• If your vendor is not able to help you here, find someone!! that is.!
ROI – Let’s Get Tracking
3. Have you tracked how many leads were generated from your Facebook ! Campaigns? !!
• Is this data being added to your CRM tool? !!• Again, if your current vendor is not doing this, find someone that is.!
4. Are you adjusting your campaign creative on a ! monthly basis with customer imagery and call to ! action items? !!
• If not, how do you expect to drive consumer engagement? !!• If your vendor is not doing this for you, find someone who will.!
ROI – The Bottom Line
If you are not able to calculate your own ROI, and your vendor cannot, find someone who can. !
!Facebook advertising is the most trackable, reportable,
and defined advertising we have for the industry.!
TAKE AWAYS
• FACEBOOK LEAD ADS ARE THE 1st PARTY ADS THE INDUSTRY HAS BEEN WAITING FOR
• FACEBOOK LEAD ADS ARE BEING USED ACROSS ALL VERTICALS IN FACEBOOK’S NEWSFEED
• SOCIAL MEDIA MARKETING IS THIS GENERATIONS “GOOGLE OPPORTUNITY”
• THE REAL WORLD AND THE ONLINE WORLD ARE CONNECTED – FOCUS ON ZIPS WITH HIGHEST CONVERSION RATES AND LOWEST COST PER SALE TO MAXIMIZE ROI ���
• ANALYZE HISTORICAL DATA TO FIND YOUR IDEAL CUSTOMER PROFILE – THEN LEVERAGE LOOK-ALIKES TO EXPAND YOUR REACH WITHIN YOUR TARGETED MARKET AREA ���
• BUILD AND LEVERAGE YOUR POSITIVE ONLINE REPUTATION TO PUT YOUR COMPETITION’S MARKETING DOLLARS TO WORK FOR YOUR DEALERSHIP
• USE SHORT RADIUS MARKETING TO PROTECT YOUR CUSTOMERS AND CONQUEST PROSPECTS ���
• FOCUS ON THE PAYOFF, NOT THE PAYROLL – DO WHAT YOU DO BEST AND HIRE OUT THE REST ���
• FOCUS ON SOCIAL MEDIA MARKETING STRATEGIES THAT MAKE MONEY AND ��� MAKE SENSE
HAVE QUESTIONS?