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It can be a little nerve-wracking to try out new types of audiences or methods of testing when you’re used to seeing consistent results from your Lookalike (LAL) audiences.
I get it – it’s like staying in your PJs versus putting on a suit for work (or whatever it is that you wear when you get fancy). Your LAL audiences are comfortable and you know they rarely let you down. And I won’t argue that lookalikes give you the best way to target new customers that most closely match your loyal fan base.
But in the same way that you have to eventually put on real clothes instead of staying in your PJs, if you’re a brand spending at least $50k a month on Facebook ads, you can’t rely solely on your LAL audiences to survive and scale.
No matter how much you spend on ads, you always want the most efficient spend with the best yield you can get (and if you don’t want that, you’re in the wrong business).
Which is why I’m here to explain how you can use your LAL audiences to test ads, as well as how the insights you glean from those tests can scale your spend and decrease your CPA. We’ve seen strong results doing this with a number of our clients, including the hottest luxury shoe brand in the game M.Gemi, and we’re here to spill the beans.
WHY YOU CAN’T SURVIVE ON LOOKALIKES ALONE
While lookalike audiences (LAL) can be your bread and butter, you can’t subsist on bread and butter alone.
Lookalikes Can Lead To Plateaus
Though LAL audiences will keep your brand going, if you’re spending a large enough amount on customer acquisition and retargeting, your ad spend will eventually start to plateau.
Plateaus may be great if you’re hiking, but when it comes to ad spend a plateau can push your CPA upwards.
If you’re cool with an increased CPA, you can stop reading now. However, for everyone else, there’s a way to balance out and even decrease your CPA results when this happens: Keyword Audiences.
Keyword Audiences Can Be Your Answer
This Facebook-recommended method of expanding your audience has seen amazing results among our own tests.
In fact, when we used keyword audiences to expand the reach of M. Gemi, we saw a 35% decrease in their CPCs and a 30% increase in their CTRs. They were even able to scale up their audience targeting on Facebook by 82%.
Yet, because keyword audiences are cheaper, it’s also much easier to go through your ad spend quickly. If you’re going to be spending money that fast, you want to make sure that you’re getting the most out of it as possible.
That’s why Pavan Patidar, Director of Ad Ops, suggests testing your creative with your LAL audiences first before using any of it on your keyword audiences.
WHY WOULD I WANT TO TEST MY CREATIVE ON MY LAL AUDIENCES FIRST?
The best reason is the fact that you know that your LAL audiences are much more likely to convert when they connect Go to the full article.
Source:: Business 2 Community