Last week, Charlie told you about how to use the Reach objective for Facebook remarketing campaigns. He did a great job of showing why they’re effective and how to set them up. Today, I want to give you an example of just how powerful this approach has been for me.
The Reach objective and Reach optimization are big parts of my strategy. It’s the engine behind my Evergreen Campaign approach. It’s very effective at reaching a hot and engaged audience that is likely to provide results.
Let’s take a closer look at what I’m doing with Reach and the results I’m getting.
My Reach Campaign: Concept
I recently announced a new training program called Beyond the Boost for beginner and intermediate advertisers. The goal is to help advertisers move “beyond the boost” button and into the more advanced techniques within Ads Manager. This training was something new and unique for me, so I announced it as a pre-pay product while the content is being created.
Not everyone who shows interest in a product is ready to buy today. They may click a link, go to the landing page, and leave without purchasing. These are the people I wanted to bring back.
My goal was to reach as many of those who visited the Beyond the Boost landing page without buying during the past seven days as possible. No optimization. I wanted to reach them all, if possible.
To accomplish this, I’d need to do the following…
1. Create a campaign using the Reach objective.
2. Target those who visited the Beyond the Boost landing page during the past seven days.
3. Exclude those who had already purchased or were members of the Power Hitters Club (they would get access as part of their benefits).
4. Optimize for Reach with a frequency cap of twice per day.
5. Limit placements to those that are most effective.
My Reach Campaign: Set-up
Charlie discussed this generally in his post, but let’s talk about how I set mine up.
At the campaign level, select the Reach objective.
I want to target those who visited the product landing page during the past seven days, so I created a website custom audience representing these people.
I also create audiences of all of those who would be excluded:
- Purchased Beyond the Boost
- Power Hitters Club – Elite member
- Power Hitters Club – Basic member
I didn’t touch location since everyone who visited that landing page was someone I wanted to see the ad. You can accomplish this by leaving countries blank or selecting Worldwide.
I used Reach optimization so that ads would reach as many people within my audience as possible, rather than optimizing for an action and leaving out a large percentage of people. I went with an aggressive frequency cap of up to twice per day, knowing that most people wouldn’t see the ad for more than seven days.
Since each impression would count against a frequency cap, I would only want the highest performing placements. In this case, I only used Facebook Feeds.
I created a simple ad that highlighted the pre-pay price.
Under tracking, I made sure to turn on the pixel since this would be off by default for the Reach objective.
My Reach Campaign: Results
By default, Facebook isn’t going to give you particularly interesting results for a Reach campaign. That’s because your goal was technically to reach as many people as possible.
To see the number of Beyond the Boost sales, we’ll need to customize columns.
Since I previously created a Custom Conversion for a Beyond the Boost purchase, I could select to add those purchases to my report.
Now we get to see that this campaign has resulted in 44 sales of the Beyond the Boost training program.
Not bad for a total spend of $114.68, leading to a cost per sale of $2.61.
Something else of note is that the campaign has reached 675 people an average of 4.33 times, with an overall CPM of $39.22. That’s generally considered a high CPM, but it’s obviously worthwhile in this case.
Click and View Attribution
I’ve been conditioned to know that whenever something seems like it’s too good to be true, it probably is. So, what could explain these incredible results? Might there be something that inflates these numbers to make them look better than they are?
My immediate thought was view-through attribution. Facebook’s default attribution window is 28-day click and 1-day view. So, they’ll report a conversion on anyone who clicked my ad and converted within 28 days or viewed my ad without clicking and converted within a day.
Many of those who are seeing my ads are also getting my emails. So, is it possible that some who viewed my ads may have ignored them, but then acted on an email I sent them that same day? Absolutely. If all of my conversions were view-through, you may have less confidence in these results.
So, let’s break this down. We can make Facebook separate view-through and click-through conversions.
Now, we see that half of the sales happened within a day of viewing my ad and the other half within 28 days of clicking.
Of those who converted after clicking, 11 were within the first day, 6 within days 2-7, and 5 were within days 8-28.
If you were to only count click-through conversions (which would be excessive, but we’ll do it anyway), we’re still getting sales at $5.21 each. That’s pretty darn good!
Bang For Your Buck
Reach campaigns are a great way to get the best bang for your buck. You can spend a very low budget to reach a highly engaged audience that is most likely to convert.
I spend very little on Reach campaigns, but this is where I get some of my best results. Unfortunately, it’s also very difficult to scale this group. I can’t simply spend more. Faceboo is already reaching as many people as it can. I can’t expand the requirements — like to all who visit my website. That would lead to poorer results. I’d need to increase the number of people who visited the landing page.
I often hear from advertisers who want to scale their results. They want to get more conversions, but increasing their budgets isn’t leading to those results. This is a great option. Keep doing what you’re doing with your current campaigns, but also run a Reach campaign to a very valuable group. Spend just a little bit more to get more sales.
Have you done anything like this before?
Let me know in the comments below!