How a Facebook Ad Management Company Brings You Value Beyond Vanity Metrics
There’s no denying that likes, shares, and 5-star reviews can make you feel good about the efforts you’re putting into your business’s
online presence. The currency of social media, these so-called “vanity metrics” can be critical indicators of whether your hard work’s
That said, you can’t rely on vanity metrics alone, especially when you want useful insight into how to shape future marketing and business
decisions. Smart WSI Marketing is a Facebook ad management company that can show you how looking beyond vanity metrics ensures your
marketing efforts are as successful as you need them to be. Call us today to learn more!
What Are Vanity Metrics?
Vanity metrics typically appear great on paper and therefore imply growth and success. Common vanity metric characteristics include:
They look good butlack actionable data. Vanity metrics can make your business appear successful, but in
reality, they lack actionable insights or details about your return on investment.
They appear valuable butlack analysis. It’s easy for business owners to fall into the numbers trap,
but if you don’t convert vanity metrics into actionable ones, you can’t measure your progress.
They suggest growth butlack the data to back it up. Tracking only the number of downloads or
followers is mostly meaningless if you fail to see the end result. For example, if you merely track Facebook follows or likes, you
could be fooled into thinking that as those numbers increase, so too does your success.
None of this is to imply vanity metrics are pointless, but it does show that how you use them is what makes the difference in your
digital campaigns. If you want your Facebook Ads to produce better audience engagement and increased sales, a Facebook ad management company
can help you leverage and understand more meaningful metrics.
Non-Vanity Metrics to Track
Actionable metrics relate to specific business actions with observable results. They enable digital marketers and Facebook ad management
companies to align marketing efforts around the metrics that help brands meet their unique business objectives.
As relying on vanity metrics alone can lead to short-sighted decision-making and diminished returns, you need to look for other ways to
gauge Facebook Ad performance. Tracking these five metrics is a good start to getting the most out of your digital campaigns.
Total Number of Conversion
The Facebook Ads conversion rate is the percentage of click-throughs to your website that result in a conversion, including a purchase,
download, or other forms of lead generation. Calculated by dividing conversions by the total number of link clicks and multiplying by 100%,
it’s often measured together with other key performance indicators (KPIs) like cost-per-click (CPC) and impressions. It also shows your
Facebook ad management company how well your ad is connecting with your target audience and the conversion rate achieved within the
demographics you’re reaching.
Frequency Conversion Rate
The frequency metric indicates how many times an ad was viewed, on the average, by an individual. For instance, a frequency of five means
that, on average, each person who’s viewed your ad has seen it five times. Experts consider the best Facebook Ad frequency to be three to
Return on Ad Spend (ROAS)
ROAS is the amount of earned revenue for every ad dollar spent. It measures the effectiveness of your Facebook Ad campaigns and is computed
by dividing the revenue earned by the total amount spent on a campaign. So, if you spend $3,000 and earn $15,000, you’ve made $5 for every
$1 you spent and achieved a five-to-one ratio. A good ROAS for Facebook Ads is between two and four times, but the figure can vary greatly
depending on industry, ad placement, and other factors.
Cost-per-Click & Click-through Rates
Cost-per-click (CPC) helps determine how much each click in a pay-per-click campaign costs your business. Many factors affect the CPC rate,
including the ad platform, type of keyword, industry, and more. If a CPC rate is high but your returns are low, it’s possible your Facebook
ad management company is targeting the wrong keywords. It could also be a matter of irrelevant ad copy messaging. Either way, it signals
something’s not working.
A click-through rate (CTR) is the ratio between the number of people who click on your ads and the amount of time the ad was shown. It
measures an ad’s efficiency and effectiveness, keyword relevancy, and traffic drivers. Optimization can directly impact CTR, while
impressions and clicks depend primarily on a searcher’s behavior and your ad budget.
Cost Per Action
Also referred to as cost-per-conversion, the cost-per-action (CPA) represents the price you pay for each action users take on your website
because of your Facebook Ad. Typical actions include purchases, app downloads, sign-ups, and other conversion tactics. By tracking user
interactions, your Facebook ad management company can optimize your ads so they get as many conversions as possible within your budget.
How a Facebook Ad Management Company Brings Additional Value
Of course, these five metrics aren’t the only ones that matter, but they’re a good place to start when you want to gain greater value from
your Facebook Ad campaigns.
While many SMBs choose to manage their Facebook advertising internally, a Facebook Ad management company like Smart WSI Marketing has the
expertise and experience needed to create campaigns that deliver significant financial results. They can also save you money over the long
term and free you to concentrate on what you do best: running and growing your business.
Specialty: Digital Marketing
Strategies Education: MA Communications
& Technology, BComm [U Alberta]
Lynne is known for her strategic approach to marketing communications, technologies, and lead generation. She has a passion for education,
keeping up with current marketing trends and practices, and helping clients keep ahead of their competition.
When businesses hit a financial rough patch, one of the first spending cuts many make is marketing and advertising. While it can be an
effective short-term solution for freeing up money for other needs, it’s also a gamble with potentially costly consequences.
We’ve all heard the expression “less is more,” and when it comes to comes to some things, that is absolutely true. When it comes to SEO
efforts, however, local search engine optimization agencies have learned that that is not the case.
If you aren’t familiar with geofencing, it’s time to learn about how this digital marketing strategy can help you. It’s a terrific way to
build brand awareness and boost click-through rates and conversions.
Facebook is an essential sales channel for many SMBs! With Facebook Ads Management, you can create and run eye-catching and engaging ads
that entice the platform’s users to purchase your products or services.
Since almost 60% of all searches are done on mobile devices and these devices come in a range of screen sizes, you need responsive web
design to provide users a great mobile experience with your local business.
Google is making one of its most significant changes to Google Ads since it first launched the product 22 years ago as the first-ever
self-serve online advertising solution. How will this affect your online advertising?