October 17, 2023
Meta is the most powerful advertising platform on the planet. We have helped our clients profitably generate HUNDREDS of millions of dollars and grow their businesses beyond their wildest dreams using it.
However, not every brand or business experiences the same type of success (or sometimes no success at all) with their campaigns. In this article, I’ll share the top three reasons why brands fail with Meta ads and provide actionable strategies to help you achieve success.
(NOTE: This is based off of over $50M in managed ad spend and through a decade of consulting and auditing ad accounts.)
When it comes to running ad campaigns, having clear and aligned goals and a strategy is vital. One common reason brands struggle with Meta ads is they either have conflicting goals or none at all. An example of this would be a brand wanting to blow out and clear inventory on discount while also aiming to increase profitability.
To ensure success, define what winning looks like for your brand with your ad campaigns (if you need help, book a call with us here). Are you focusing on increased sales, brand awareness, or lead generation? By clarifying your goals, you can strategize and optimize your ad campaigns accordingly.
Creative testing plays a significant role in the success of your ad campaign. I cannot begin to tell you how many brands and businesses ignore this part to their own peril.
Meta has gone on record to say that 56% of auction success comes down to the creative. Additionally, ad fatigue (running the same ads over and over) can lead to a drop in conversions, with Meta stating that there’s a 60% decrease in conversions after viewers have seen an ad four times.
To combat this, prioritize investing in creative development and testing. Experiment with different ad formats, visuals, angles and messaging to discover what resonates best with your target audience. Continuous creative testing and optimization will help keep your ads fresh and engaging.
After all, creative is now the new targeting.
With the ever-evolving digital advertising landscape, knowing your numbers is more important than ever. In order to maximize the effectiveness of your ad campaigns, you need to be clear on your key metrics.
Brands often overlook the fact that profitable new customer acquisition is getting harder, so it’s critical to know metrics like repeat customer rate and customer lifetime value (LTV) – which will let you spend more to acquire and as the adage goes, “the person who can pay the most to acquire the customer will win.”
Additionally, understanding your profit margins will help you make informed decisions from an overall profitability standpoint. Incorporating these metrics into your campaign analysis will allow you to optimize your targeting, budget allocation, and bidding strategies for better results.
Sometimes the offer you have just isn’t a good one. Advertising and marketing isn’t magic and cannot take a bad product, service or offer and make it convert. Businesse should spend more time validating their offer and making it attractive than trying to get fancy with their ad campaigns.
The truth is, achieving success with Meta ads or any marketing campaign requires a strategic approach and a deep understanding of the platform's dynamics. By addressing the common pitfalls discussed in this article—conflicting goals, insufficient creative testing, and a lack of understanding of key metrics—brands can improve their chances of running successful campaigns.
With these strategies in place, you'll be well on your way to driving meaningful results and maximizing your brand's potential on the Meta advertising platform.
If you would like any help making this happen for you or your business, book a call with us and see how we can help.