Posted: Fri 18th Nov 2022
If you're going to grow your business, attracting your target audience's attention is absolutely vital. If people don't know about you, how are they going to buy from you?
Paid ads on social media are a reliable, effective and cost-efficient way of getting visibility and engaging with your target audience, while inspiring them to take action.
Unlike some advertising channels that require large upfront investments and have long lead times, social media is incredibly flexible. There are lower minimum budgets and you have the ability to turn campaigns on and off at a moment's notice.
You can use paid ads to achieve a number of different business goals. Here are some examples:
Increasing your business's visibility (reach and awareness)
Sparking engagement (engagement on posts, video views)
Driving traffic and enquiries (website visits, store visits, lead forms)
Converting visitors into customers (online purchases)
Each platform comes with a range of placement, targeting and delivery options to help you reach the right people and drive them to take the action you want them to take.
Take the time to research and understand your target audience on social media. Understanding your audience and where they are active will help you make sure you're choosing the right platform and objectives for your paid ads.
The objectives will depend on how much your audience already knows about you, and their journey from seeing your ad to becoming a customer. Configuring your paid ads around your target audience will make your campaigns much more effective, while bringing costs down.
When starting a new campaign, you'll run more effective ads if you start small and scale up your campaigns once they start showing positive results.
While the exact size of your minimum budget will depend on your advertising objectives and the platform you're using, there is another element to consider – the algorithm.
It takes time for social media advertising platforms to analyse your campaigns and deliver them efficiently to the right audience. Starting small and building from there gives the algorithm time to do this without burning through your budget.
By starting with a small budget and scaling up, you'll be able to test the different elements of your adverts, such as its objective, the targeting and the creative (videos, stories, Reels and so on). The aim of your creative is to capture your target audience's attention and inspire them to take action.
Once you identify the elements that drive results, you can turn off the ads that aren't performing and increase the budget on those that are. You should always be tweaking campaigns based on your results.
Enterprise Nation is working with Meta to support women across the UK and Ireland in growing their businesses online.
Our accredited #SheMeansBusiness trainers will tell you how to best use Meta and the Meta family of apps to grow your business.
To meet the trainers and sign up for events and courses, visit our #SheMeansBusiness page.