I've spent a ton of money on Facebook ads, hopefully you can learn from the EXPENSIVE mistakes I've made.
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Do you know what the most popular advertising network out there is? Google AdWords. You know what the number two most popular ad network out there is? Facebook ads.
But running Facebook ads isn't as simple and easy as you think. I spent a ton of money on Facebook, and I'm going to show it to you, my mistakes, so that way, hopefully you can be much more successful than I was.
Hi everyone, I'm Neil Patel, and today I'm going to share with you three important lessons learned from spending over $400,000 on Facebook ads.
The first lesson I learned is, don't spend money on buying subscribers. A lot of the money I spent was to build up my fanpage of over 900,000 fans. Algorithms keep changing, yes, they may restrict how much viral your post or your video content can end up going, and a lot has to do with your content. If your content's not amazing, you're not going to get a lot of reach. But if you're going to be spending money, make sure there's ROI in it.
The second thing I learned when you're doing ads, the best performing ads are videos by far. No one wants to create videos. Everyone wants to do banners because they're the easiest, but if you take the time to do videos, your cost is a lot less and your conversions are a lot higher. When you're optimizing for videos, make sure the text, there's a transcription, and it automatically starts playing, because video ads, the sound doesn't automatically show up for people. You want to have the transcription going there, so people can read, they're going to be much more likely to convert. With your video, it needs to convey emotions, it needs to be a good length.
You need to get really people hooked, tell a story, because if you don't and you just try to get people click through to your site, and have the cheapest amount of clicks, it won't necessarily generate you the most amount of revenue. Don't optimize just for spend reduction, optimize for ROI. It's okay to be spending an extra dollar per click if you're making more money. Don't focus on how much you're paying per click. Focus on how much revenue you're generating for how much you're spending. That's the key with Facebook ads.
The third tip I have for you, and this is what most people don't tell you, especially if you're running banners, in Facebook's algorithm, they look at hey this is a new ad, we're gonna push it, give it priority, and see how it does within the first few minutes or hour of it being up there. So what we started doing is, we would throw up ads, and within an hour of them being up, we would keep changing up the creative and the text or stopping them and running new ones.
By doing that, we were getting much cheaper impressions and premium placements, and we were generating a much higher ROI in our ads. Most people won't do this, because they're like oh this is too time-consuming. But I kid you not, that one little thing during our peak was reducing our spend by over 30%. That's over 30%. If you're spending hundreds of thousands of dollars, that's a huge savings.
Now eventually, as we kept scaling it out, we couldn't keep doing that, but we still do it with a lot of our campaigns, and still, to this day, when we're selling products for our clients, we're rotating up their creative so often, it's generating a much higher ROI. They think we're crazy, but hey you've got to do what you have to do if you want to compete in this competitive landscape, especially when Facebook ads continue rising in cost.
So hopefully you've learned from my experiences and my mistakes, and best of luck with your Facebook ads. If you're not sure on what you should do with your campaigns or your landing pages are off, you know what, leave a comment below. I don't want to just give generic landing page feedback because it's really different for every product type or business type. Leave a comment below, ask your questions. I'll be there, I'll respond, and I'll help you through the process. And again, if you liked the video, comment, like, share, tell other people about it. Thank you for watching.
This site provides links to random videos hosted at YouTube, with the emphasis on random.
The original idea for this site actually stemmed from another idea to provide a way of benchmarking the popularity of a video against the general population of YouTube videos. There are probably sites that do this by now, but there wasn’t when we started out. Anyway, in order to figure out how popular any one video is, you need a pretty large sample of videos to rank it against. The challenge is that the sample needs to be very random in order to properly rank a video and YouTube doesn’t appear to provide a way to obtain large numbers of random video IDs.
Even if you search on YouTube for a random string, the set of results that will be returned will still be based on popularity, so if you’re using this approach to build up your sample, you’re already in trouble. It turns out there is a multitude of ways in which the YouTube search function makes it very difficult to retrieve truly random results.
So how can we provide truly random links to YouTube videos? It turns out that the YouTube programming interface (API) provides additional functions that allow the discovery of videos which, with the right approach, are much more random. Using a number of tricks, combined some subtle manipulation of the space-time fabric, we have managed to create a process that yields something very close to 100% random links to YouTube videos.
YouTube is an American video-sharing website headquartered in San Bruno, California. YouTube allows users to upload, view, rate, share, add to playlists, report, comment on videos, and subscribe to other users. It offers a wide variety of user-generated and corporate media videos. Available content includes video clips, TV show clips, music videos, short and documentary films, audio recordings, movie trailers, live streams, and other content such as video blogging, short original videos, and educational videos. Most content on YouTube is uploaded by individuals, but media corporations including CBS, the BBC, Vevo, and Hulu offer some of their material via YouTube as part of the YouTube partnership program. Unregistered users can only watch videos on the site, while registered users are permitted to upload an unlimited number of videos and add comments to videos. Videos deemed potentially inappropriate are available only to registered users affirming themselves to be at least 18 years old.
YouTube and selected creators earn advertising revenue from Google AdSense, a program which targets ads according to site content and audience. The vast majority of its videos are free to view, but there are exceptions, including subscription-based premium channels, film rentals, as well as YouTube Music and YouTube Premium, subscription services respectively offering premium and ad-free music streaming, and ad-free access to all content, including exclusive content commissioned from notable personalities. As of February 2017, there were more than 400 hours of content uploaded to YouTube each minute, and one billion hours of content being watched on YouTube every day. As of August 2018, the website is ranked as the second-most popular site in the world, according to Alexa Internet, just behind Google. As of May 2019, more than 500 hours of video content are uploaded to YouTube every minute.
YouTube has faced criticism over aspects of its operations, including its handling of copyrighted content contained within uploaded videos, its recommendation algorithms perpetuating videos that promote conspiracy theories and falsehoods, hosting videos ostensibly targeting children but containing violent and/or sexually suggestive content involving popular characters, videos of minors attracting pedophilic activities in their comment sections, and fluctuating policies on the types of content that is eligible to be monetized with advertising.