Article by Entrepreneur.com
There’s so much to learn with social media advertising that it’s difficult to know exactly where to start.
For example, audience targeting, budgeting, A/B testing, pixel tracking, writing, designing and analyzing all need to be taken into account if you want to see positive ROI from social media advertising.
There’s time and resources to consider as well.
Even incredibly talented social media managers that oversee multi-million dollar advertising budgets understand that it takes hundreds of experiments (and failures) to master the art of social media ads.
After speaking with top brands and marketers from around the globe, we’ve discovered a simple 3-step approach to successful social media advertising. This approach will help you bring all the various elements of advertising together in perfect harmony and how to drive more ROI from your ad spend.
A 3-step approach to social media advertising
Over the years, we’ve spent countless hours experimenting with various social media advertising strategies.
Whilst research each of these experiments, we found that there was a ton of awesome advice on tactics for each individual channel, but what we were missing was an overall strategic approach or “way of thinking” about social media advertising.
Instead of focusing on individual tactics and channels that frequently change, we wanted to focus on a blueprint that could be applied to any business or brand, no matter the industry or product. And that’s what I’d love to share with you below.
That social media advertising blueprint is broken up into three distinct stages:
- Awareness (Top-of-the-funnel or TOFU)
- Consideration (Middle-of-the-funnel or MOFU)
- Conversion (Bottom-of-the-funnel or BOFU)
Unless you have a product that’s flying off the shelf or a viral marketing campaign, you’ll often need all three stages (awareness, consideration and conversion) working in tandem to attract and acquire new customers.