Search
Close this search box.
Blog » Business Tips » 3 Best Facebook Advertising Strategies For 2020

3 Best Facebook Advertising Strategies For 2020

online marketing tips

Is Facebook advertising still working in 2020? Is it still worth it to give it a try? If you’re looking for new ways to market your business, you may have asked yourself these questions before.

Whether you’re on Facebook or not, the fact is more than 1.62 million people are on the platform and use it throughout their day. This makes Facebook an excellent element to add to your marketing plans.

Once you understand how Facebook ads work and how to get set up, the only thing you need to do is keep assessing your strategy. Here are 3 best Facebook advertising strategies for 2020 that still work.

1. Using a Mix of Traffic and Conversion Ads

One of the first things I learned when I started using Facebook ads was that the ads should be part of a strategy and not the strategy themselves. If you are trying to sell a product or service and think that putting up an ad will lead to tons of sales, you’ll be in for a rude awakening.

Facebook operates on a specific algorithm and it takes time for the algorithm to work its magic. Plus, selling products and services to cold leads is hardly ever a good idea. However, Facebook ads can become a part of your overall marketing strategy. For example, you can run an ad for a lead magnet on your site that gets people to sign up for your email list. This could them put them into an email funnel to warm them up for a future pitch for one of your paid offerings.

On the flip side, conversion ads can be used to retarget people who have been on your website or email list and didn’t make a purchase. As a result, you’ll want to use a mix of both traffic and conversion ads and keep your budget low in the beginning. Spend a smaller amount per day while you let Facebook’s algorithm work to find you the best cost per click or conversion.

2. Dynamic Formats Ad Creative

When designing your Facebook ad, there are many different options to choose from whether you want to share a single image and text, multiple images (to showcase different products), a video, etc.

The Dynamic Formats Ad Creative is a great option because it will actually customize the ad to deliver a personalized version to everyone who sees it. This personalized version will be based on which ad type the user is most likely to respond to. Remember, Facebook has a ton of information on it’s users. They know which ads they click on and narrow factors down to the times variable like ad-type, time of day and more.

Why not use this feature for your catalog sales, traffic, and conversion objectives to make the most of Facebook’s capabilities? Facebook even tested the feature themselves and saw that it improved results by 34% overall.

3. Maximize Mobile and Get Creative

Most Facebook users are active via that app which means you’ll need to prioritize how your ad looks in mobile. This is an easy misstep that business owners make since you likely design and view your ads from the laptop or computer that you do most of your work on.

Make sure you’re aware of the key differences between a mobile and desktop Facebook ad. Write your descriptions and offer text for mobile users and actually get on your cell phone to see how it looks.

When it comes to the ad creative, the word ‘creative’ is apart of this title for a reason. Think about what users would like to see that can entice them to click on your ad. It is bold and bright images? Actual pricing and discount information? Testimonials from past clients and customers?

Review the ads you see on your personal Facebook page and make note of what attracts you to them and makes you want to click. Use this data to get creative on your end when testing out different ads.

Summary

Facebook advertising is not going away any time soon. Keep these Facebook advertising strategies for 2020 in mind if you want to level up your results. If you haven’t got started yet, Facebook ads costs will likely continue to rise each year. It’s best to jump onboard sooner rather than later so you can test out these strategies and start getting results.

About Due’s Editorial Process

We uphold a strict editorial policy that focuses on factual accuracy, relevance, and impartiality. Our content, created by leading finance and industry experts, is reviewed by a team of seasoned editors to ensure compliance with the highest standards in reporting and publishing.

TAGS
Debt Expert and Financial Writer
Choncé Maddox is a debt expert. She helps ambitious millennials and Generation Z get our of the mounds of debt they are in following college. In 2015 she realized she couldn’t afford to do her own laundry, she was so broke. She had to make a change. Over the next three years she personally tackled $50,000 in debt and became debt free. She teaches others her passion since.

About Due

Due makes it easier to retire on your terms. We give you a realistic view on exactly where you’re at financially so when you retire you know how much money you’ll get each month. Get started today.

Categories

Top Trending Posts

Due Fact-Checking Standards and Processes

To ensure we’re putting out the highest content standards, we sought out the help of certified financial experts and accredited individuals to verify our advice. We also rely on them for the most up to date information and data to make sure our in-depth research has the facts right, for today… Not yesterday. Our financial expert review board allows our readers to not only trust the information they are reading but to act on it as well. Most of our authors are CFP (Certified Financial Planners) or CRPC (Chartered Retirement Planning Counselor) certified and all have college degrees. Learn more about annuities, retirement advice and take the correct steps towards financial freedom and knowing exactly where you stand today. Learn everything about our top-notch financial expert reviews below… Learn More