What Businesses Gain By Installing The Facebook Pixel
The Facebook pixel is an incredible tool that many businesses do not use. It’s a snippet of code installed on your website that enables you to build audiences, optimize ad targeting and measure campaigns.
Build custom audiences from your website traffic
The pixel increases the effectiveness of your advertising by understanding the actions people take on your website and enabling targeting of those most interested in your products and services. Facebook allows you to create as many custom audiences as you want. You can choose who you want to target and then create an ad that matches their actions on your site. Here are some examples of audiences you may want to create:
1. Users who visited your site but didn’t make it to your registration page or other lead capture page;
2. Users who visited a specific content or product page;
3. Users who put items in a cart but didn’t purchase;
4. Users who purchased and now you want them to buy again;
5. Users who visited your Facebook page but didn’t visit your website.
Track conversions from your Facebook advertising
The pixel enables you to measure and optimize your advertising. For lead generation campaigns, place the pixel on the lead form completion page. This page is only served to those who complete the “conversion” so counting this page will enable you to know in real time how many leads have converted. For campaigns targeting various audience segments, the pixel measures performance. Real time data for how many viewers clicked on the ad, how many visited a landing page but did not convert and how many clicked-through to your website can be seen in the campaign statistics. You’re also able to compare statistics for various images and ad copy to optimize creative.
Audiences that “look like” your key customers are more likely to use your products or services so are a good audience to target. There are several ways to create look-a-like audiences in Facebook. By placing code on your purchase check-out page, you can create audiences of others who “look like” your typical customers. Facebook’s algorithm understands thousands of characteristics about our interests and purchasing habits and can find others who are most like your typical customers.
Facebook isn’t the only pixel and retargeting option. But it offers many advantages including the one billion plus daily users, state of the art targeting capabilities and significant user engagement. Use it to learn more about your website visitor behaviors and increase your sales through retargeting.
Zero In On B2B Prospects With Location Targeting
Nothing beats the personal interaction and connections made at over 1 million trade shows, conventions and conferences hosted each year in the U.S. But it can be difficult to attend every event that is important for your business.
And even when you attend events, often you can only meet a fraction of attendees.
Geo-targeting enables advertisers to reach a geographically defined area such as a town, city or region. Display ads can be sent to mobile and desktop devices within this area. The ads are delivered when your targets in this area go online whether they are checking local news, sports, industry articles or hundreds of thousands of other websites that offer ad spots for sale.
Geo-fencing is the ability to map out a geographically defined virtual perimeter around a small area such as an event or building and target mobile phone users located within that area. Once the fence is enabled, mobile phone IDs are collected. Ads are sent to those mobile phones wherever the user may go while surfing the web. These ads are delivered during the event and through varying time periods after the event.
Geo-Fencing has improved dramatically in just the last few years where a wider array of tracking tools are used including Wi-Fi, GPS, RFID as well as app data. It’s now common for mobile phone users to have several apps that requested permission for location data such as weather and news apps. This wider range of tracking tools enables greater geo-fencing capabilities.
Target your showrooms to deliver timely messages to visitors.
Target competitor locations and send your ads to their customers.
Manufacturers may want to target showrooms of retailers to promote their products.
Target events and tradeshows where your prospects are target rich. Send messaging during and after the event.
A number of strategies can be used to drive your marketing efforts to these target audiences. A customized ad that speaks to this very specific group with messaging that resonates with them will drive higher interest in your ad. Traffic from these ads can take visitors to your website. Or to a specially designed landing page that carries the same theme as the ad, maintaining customized messaging. The stronger the connection with your ad, the higher the conversions.
Some code can be placed on your website or the landing page so that these same visitors from your event can be retargeted and receive additional ad messages to drive even more conversions.
You now have an audience segment related to this event that you can move through the buying process from collecting their email addresses to converting to customers.
Big Miss for B2B Companies Not Advertising On Facebook
Many B2B clients wonder if Facebook is really the right platform for them. Some think of it as a fun or silly place that's not appropriate for business.
Businesses who aren't on Facebook are missing out on a huge growth opportunity offered by the power of this massive platform.
People are on Facebook to be distracted. They want to see cool things that relate to any facet of their lives. Whether personal or professional, if it's interesting, they’ll click to learn more.
B2B companies are nurturing leads and finding new customers by displaying eye-catching ads and interactive elements to target their ideal customers.
With over 2.2 billion active users monthly and over 1.45 billion active users daily, (Source: Facebook 2018 Q1 Investor Report) there’s a good chance that part of your target customer base is on Facebook. With an average viewing session of 20 minutes (Source: Facebook 2018 Q1 Investor Report) there is a tremendous opportunity to reach decision makers throughout the day.
While a business page on Facebook is important to establish a presence and provide information, your posts are only reaching a fraction of those who have “liked” your page.
The power of Facebook is the highly engaged audience that can be targeted by thousands of data points. The vast internal algorithm collects data from millions of sources and enables targeting by demographics, behaviors and interests.
Some of the targeting options well-suited for the B2B advertiser include:
✔ Industry Type
✔ Company Size
✔ Job Title
✔ Computer Device
✔ Business Interests
Facebook wants to generate revenue so the longer someone visits the platform, the more paid ads it can serve. The goal is to provide content that increases the viewing session time.
To encourage advertisers to produce ads that capture the interests of viewers, Facebook gives each ad a relevancy score. It is based on consistent messaging in the ad copy and landing page as well as the amount of viewer interaction. A higher relevancy score reduces ad costs.
A tip to use in your ad planning is to target well-defined audiences with messaging customized to speak to them. Segmenting your target audience and creating images and copy that is unique to them is more likely to resonate and spur interaction, lowering your ad costs.
Business decision makers draw from a wide range of sources for research during their buying journey. Informative and relevant ads are unintrusive and welcomed by the viewer. The Facebook platform offers a format for engagement in a casual environment where viewers are open to seeing new things.
Target your existing B2B customers and find new prospects using this powerful targeting platform.