June 10th, 2011 Posted in facebook, marketing, Social Media, Uncategorized, Will Hardison | No Comments »
Warning: this is a longer post, but you wont want to miss the ending of how I could make $1.8 million through running facebook ads.
Facebook, with over 600 million users, is a great pool to advertise in. What’s great about Facebook is that they have developed a simple advertising dashboard that walks you through setting up your ads step by step. Facebook allows you to drill down and define your ad audience. If you are selling cars, you probably don’t want to advertise to 13 year olds. If you’re a wedding photographer, you want to show your ad to everyone in your area who has “engaged” as his or her relationship status. For less than a dollar a click, where else can you target and find people who need and/or are interested in your product or service?
I’ll show you a few visuals of how this works below using “The Prenupts”, a wedding band I play in, as an example.
First, log in to facebook and go to “ads” or you can type:
http://www.facebook.com/ads/create/ into your browser address bar.
Part 1: Basic Settings
The first setting is Destination: You can pick a page, place, application, or external URL. Most people think you can only drive traffic to your facebook page, which isn’t true. You can drive traffic directly to your website from facebook ads. For this example I’m going to pick “The Prenupts”.
Type: Select Facebook Ads
Destination Tab: You can select which tab you’d like users to land on when they click on your ad. A good example for a wedding band would be to create a “music” tab and drive people to a music player showcasing our best songs.
Title: Cannot be changed unless you select “external URL”. The default title is the same as the title of your facebook page.
Body: The actual text that will show on your ad. So for example, The Prenupts would read “Fun and energetic wedding band playing top 40 from the past 4 decades. Dates available!”
Image: The tool will automatically pull in your profile image for your business page, but you can upload a new image as a replacement for your ad.
Step 2: Targeting your audience and discovering your reach
Now the fun part. The targeting. If anything, you can use this tool for market research in your area or to scope out future business locations.
For our example, we are a wedding band, and our end goal is for people to book us for their wedding. We’re located in Indianapolis, IN so our first setting is to select our location. It does us no good for someone in Florida getting married to see our ad. So we want to select “by city” and type in Indianapolis.
In Indianapolis, IN and within 25 miles, there are 797,240 who are on facebook. Impressive.

Age: Now we want to narrow down our age group. Our music and style really wouldn’t appeal to people 50 and older so we’ll narrow our demographics to those in Indianpolis between the ages of 18 and 49. Our audience dropped a bit, but we’re also more focused. We now have a pool of 683,140 people who meet our criteria.

Sex: For this example, we are going to keep “all” selected. If we were a dress shop and were running a general ad, we’d select “women”, but if we were a dress shop and our ad was targeted at husbands buying their wives a nice dress, we’d select men. Our numbers do not change after this step because “all” is the default setting.
Interests: This can get really fun and interesting. Interests will search people’s profiles for the exact interest you put in this box. So for example, our band plays a lot of 90’s music, 80’s music, and classic rock. We can add each decade of music and genre as an interest that we’d like for a user to have in their profile to show our ad to. You can add as many interests as you like.

Notes to remember about interests:
The user only has to have 1 matching interest, their profile does not have to list EVERY interest.
Facebook will help you with interests. Just like Google tries to auto fill your search, Facebook will do the same thing. Start typing in “90’s m” and “90’s music will pop up.
Facebook will also suggest related interests based on your latest addition.
I have added several bands, and genres of music as interests for this example and our audience is at 40,040 who live in or within 25 miles of Indianapolis and between the ages of 18 – 49. I’m sure the more bands I add, the larger our audience will be.

Connections: We have 1 fan (me) of our page. (I just made it for this example) So we’ll want to select “Only people who are not fans of The Prenupts.”. If we had 1,000 fans we may show our ads to “friends of fans of The Prenupts” for several reasons. People love to check out what their friends are endorsing, or perhaps their friend came to their wedding where we played, they want to book us but hey can’t remember our name, seeing our ad might put 2 and 2 together for them.
Relationship: We want to only show this ad to people who are engaged. We don’t want single people clicking on our ad if we’re a wedding band, maybe if we were a cover band playing the local bars, and we don’t want married folks checking us out, they’ve already had their big day.
Once we change our setting to “engaged” our number shrinks to 1,860 people. Some people might think “wow, only 1,800 people when you started with almost 800,000”, but I look at it like this:
That’s 1,800 local people who are engaged to be married who like the music we play.

For example sake, let’s say these 1,800 people were ALL engaged to each other, we’d have 900 couples.
There are 52 Saturday’s a year.
It would take us 17.3 years to play everyone’s wedding playing 1 wedding every single Saturday.
At our average rate per show, we’d make 1.8 million dollars. (900 weddings x $2,000)
I don’t know about you, but SIGN ME UP FOR THAT!
My challenge to you, go through the facebook ads dashboard and see what your potential reach is based on your criteria. If you want, post a reply on my blog with your settings and final number.
Oh, and if you’re getting married and need an awesome wedding band. Let me know
Tags: facebook, facebook ads, facebook marketing, Social Media, the prenupts, wedding band, will hardison