The Facebook Experiment. Now for Google
The Facebook Experiment. Now for Google
Here's what DALL-E came up with when I asked it to combine the Facebook and Google logos.
Perhaps I should send it to them for if they are ever contemplating a merger 😁.But on to serious stuff.
The Facebook Experiment
As I've said in previous posts, I haven't used Facebook ads since my account was banned years ago, but decided about a week ago to make a low-cost, controlled venture into them again and collect the data.
So I set up an ad which was a simple lead magnet (e-book) on skin care.
Clicking on it took you to an opt-in page on the website where you could enter your name and email address and download the e-book.
That also added you to a relevant list and started an automated email sequence, which alternated more information on skin care with affiliate product promotions.
I set it to run for a week, with a daily budget of $5, so a total expenditure of $35. That's Aussie dollars, so around $23 U.S. Like I said, a low-cost experiment.
The data is now in.
Impressions: 3,377
Link Clicks: 75
Expenditure: $34.46
CPC: 0.46
According to Facebook that's a good (better than average) result.
Now 75 clicks from 3,377 impressions mightn't seem like much but I'm sure there are plenty of people like me who NEVER click on Facebook ads, regarding them as nuisance interruptions.
And, of course, you're paying for clicks, not impressions.
More importantly, and more under my control, is how many of those clicks fill in their details, download the lead magnet and get onto my list.
And the answer to that was... 9
How many of those made an affiliate purchase? None so far, but of course they are still progressing through the list.
But that's just Hope. The actual data tells me:
3,377 >> 75 >> 9 >> 0
It's the last two that I can have some effect on. My opt-in page simply has a small image of the book and the form for name and email address. If people get that far and don't fill in the form, it's a matter of trust. So I have to address that. Maybe with a video. I'll need to give that some thought.
And the last figure has, I think, a similar issue. My promotions and reviews for the affiliate products need a higher trust factor and that means a rewrite with that in mind.
So in my opinion, $35 (USD 23) was money well spent to provide some useful insights.
And, who knows, I could still make an affiliate commission. One of the products has a commission of $120, so even one sale would give a substantial ROI.
The Google Experiment
Hasn't started yet, but I'll get it going today.
Essentially the same ad, but running on Google Ads for a week, so I can compare the data.
This will be followed by Solo Email Ads.
Recent Comments
53
Interesting results, Phil. I am interested to see what Google shows. I have so many newspaper advertisers that are switching to Facebook for advertising. As a newspaper it is frustrating, but at the same time, it does give a person more to think about. I am glad you were pleased with the results. At least you have something solid to form an opinion.
Karin
Yes, after I've tried Google Ads and Solo Emails, I'll try FB again with the improvements I've outlined and twice the budget.
Another subscriber has come in since I published the post, making 10 in all. The ad will stop soon, as the $35 is almost spent.
Awesome on the 10 subscribers! What mail system do you use for your emails? If you don't mind telling me. I was using Aweber for a while.
Karin
Probably best to start off with AWeber. I believe the first 500 (maybe) subscribers are free.
This one has 7 at the moment, but I'll probably do more (or send it to another related automation).
Basically, I just sending them emails. If they don't want to receive any more, they can always unsubscribe. There used to be an old "rule" (accepted wisdom) that the average internet user had to receive 7 emails before being convinced to make a purchase.
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Excellent analysis Phil. Thanks for the insights.
;-)
Richard
No problem, Richard.