Nowadays, there are tonnes of paid ways to spread the word about your business online. You can advertise on Google searches, sponsor posts on your customers’ Facebook feeds, show up as an ad before their favourite YouTube videos or on the other webpages they visit. The list goes on and on.
But what’s the point in investing in this type of marketing activity if you aren’t hitting your mark?
Here are our top 5 tips for making sure you’re getting the most return from your online advertising:
1. Identify Your Ideal Customer
As much as we all might wish this could be the case, you can’t appeal to everyone. To be successful with any type of marketing, you first need to have a solid understanding of the type of person you would like to appeal to, and the type of customers you already have. These may be one and the same, but if you’re restructuring or rebranding they could be completely different.
Odds are you already have loads of data about your customers, or you have a general idea of who they are from interacting with them day to day. Before you can truly reach your customers, you have to know who they are implicitly. How old are they? Are they mostly male, or female, or a good mix of both? Where do they live? What are their interests?
Once you know these things, you can move on to the next steps.
2. Target Your Ads
If a tree falls in the forest and no one is around to hear it, does it make a sound? Similarly, if you have a great advert but your ideal customers don’t see it, was it really worth the investment? That’s why targeting is SO important. If you know who your audience is and tailor your marketing to those specific individuals, you’re going to be a lot more successful than you would be casting a broader, more general net. As a result, you’re going to bring in more interested customers and earn a lot more money.
Google, Facebook, Instagram, and just about every other online advertising platform allow you to tailor your adverts based on specific criteria. Google, for example, allows you to target based on things like age, gender, location, household income, parental status, videos watched, websites visited, search history, and previous engagements with your business. Social media sites tend to contain a lot more personal data, and allow you to target customers on a deeper level. Use these capabilities to your advantage!
3. Choose Your Best Options
Part of understanding your customer is understanding how best to reach them. Actually, your competitors can provide some good insight here. Look into the competitors that attract the types of customers you want, and identify the platforms where they’re having those conversations. Is their Facebook engagement really high, or maybe on Instagram? It’s likely that this is where your customers will be, too.
Don’t waste money or effort on placing your adverts on sites where your target customers are unlikely to see them. Find the platforms your customers use and speak to them there. Also consider what times they use these. Many platforms have built-in analytics that enable you to see what times of day your customers are most active. Once you’ve identified the right medium, you should schedule your ads for the most active times to yield the best results.
4. Make Your Ads Relevant
Now that you know who you’re targeting and where they are, what do you actually say to them? This will again come from having an understanding of who your customers are. A teenager and a pensioner will perceive ads differently, as will a man and a woman. That’s why it’s so important to make sure the content of your advert is geared towards the type of customer you most want to reach.
Going back to our previous examples, if you want to target a pensioner, don’t tell them that they’ll look “fire" and "serve looks" if they use your product or shop at your store. If you want to attract men, don’t use images that are distinctly feminine. Speak to your customers in a way that will make them want to listen.
5. Track Your Progress
So once you’ve done all that, it’s time to see how well you’ve hit your mark. Use analytics to track how effective your adverts were in reaching your audience. You can do this with third-party analytics software, or by using the built-in analytics on the various platforms. Track how much engagement, how many click-throughs, and how many views your post received. If using social media, check to see if the stats on your profile changed at all. Analytics provide great insight into what’s working and what isn’t.
You can trial and error your way through various tactics until you find what works and what doesn’t. It may take a few attempts to truly drill down what your customers want and react to, so be patient. The best progress marker of all will be an increase in your wallet.
If you're looking for help with maximising your marketing spend,
get in touch!