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The Facebook Tool You're Not Using (And Should Be)

By
Services for Real Estate Pros with The Silent Partner Marketing

The Facebook Tool For Advertising You Should Be UsingIt’s just one of the many Facebook advertising tools that you SHOULD be using. But ARE you retargeting your customers yet?

We’ve all browsed a website but didn’t actually buy anything from it. It’s no secret that consumers are doing that on your site as well.

After people look at products and services, they compare prices with other sites and ponder whether they really want to buy it. The trick is to constantly remind them why they want the product with constantly showing it to them. This is what we like to call retargeting.

The way Facebook retargeting works is very easy. First, you create a custom audience. Facebook then tracks theses audiences and puts ads up on their main newsfeed as well as the advertisements on the right column.

Now you may be asking “how do I know who I should make my audience?”

Here are four main types of people you should consider making your custom audience.

Website Visitors

These are the people that already checked out your official website. They most likely are aware of a wide variety of your products and services. If they have visited your site they will want to know about your social media so make it easy for them to get to it when they are browsing their feed. If they don’t have to put in much effort to look for you, there is a higher chance of them visiting your social media and liking your page, which will make them receive all your future updates.

Facebook Fans

This audience already is loyal to you because they committed to liking your page. Because of that, you know they like your products and want your updates, which will draw their attention to your advertisements when they are placed on their feed. In addition, it is a lot easier to sell to existing customers rather than new ones.

Email Subscribers

Email newsletter open rates have dropped – dramatically. But that doesn’t necessarily mean your subscribers have. When someone does read your emails you know that they are committed customers. Both for the committed and less committed customers, if a they see a product in an email and then see it again on their Facebook feed, there eyes will be drawn to it due to repetition and similar images. This increases the chances of them clicking on your ad and checking out the products you offer.

Similar Audiences

Of course you don’t only want to target people who already know about your company, you want to include people who are like your current fan base. Facebook calls this group your “Lookalike Audience.” Adding this audience helps you reach people who are very similar to your current customers based on fan acquisition, site registration, off-Facebook purchases, coupon claims and brand awareness. Targeting these people will help you acquire new customers, which is not always easy.

We’d be happy to teach you how to tie in these audiences with your targeted Google remarketing campaigns. But that, my friends, is another story for another day.

Before you scroll down to learn more - don't forget to check out our new ActiveRain Video Series - where you submit questions on anything and everything related to marketing.  Click the picture below to learn more.

The Not So Silent Silent Partner

 

Posted by
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Kyle Reyes is the President and Creative Director of The Silent Partner Marketing, a boutique marketing firm focused on helping businesses grow in an age of exploding technology.
 
Reyes is an acclaimed Keynote Speaker on entrepreneurship, leadership, marketing and social media.
 
The CEO is a former Producer of News and Special Projects, having worked in broadcast journalism for nearly a decade.  His team offers a marketing one-stop-shop, filling the role of a Chief Marketing Officer and support staff at a fraction of the cost of having to worry about the payroll, taxes, benefits, etc.
 
Reyes has appeared in multiple media outlets including Aol.Com, Yahoo and Bloomberg Business. 
 
You can find him on FacebookTwitter, Instagram and SnapChat (@dasilentpartner).  And he wants to connect with you on LinkedIn, so send him a request!
 
Kyle Reyes
The Silent Partner Marketing - Manchester, CT

Kim Stuart thank you kindly for the support.  I think you'll appreciate a piece I wrote a couple of months ago that describe this guy perfectly - When To Feed The Internet Trolls.

David Barr your "facts" are considerably outdated and unsubstantiated.  Your childish comments demonstrate that in place of real data and testing, you'd rather try and be a bully.  So let me ask you this.

We oversee close to $100k PER MONTH in Google spend and tens of thousands of dollars PER MONTH on Facebook spend.  We not only have a tremendous portfolio of client success stories, but we have documented and substantiated data and case studies showing the sheer power of Facebook.

YOU have, perhaps, some Google adwords background...and your "feelings and beliefs" that Facebook is used for pictures of cats and recipes.  

WE have an indepth training and understanding about the strengths and weaknesses of each product.  YOU have a now largely irrelevant history in advertising that most likely happened before Facebook even existed.

There's no need for me to continue this debate.  You demonstrated that you're worse than being ignorant - you're entirely irrelevant...yet you don't realize it.  I wish you luck conducting business in 1995, as it appears that's where you'll always remain.

http://www.nytimes.com/2014/09/29/business/with-new-ad-platform-facebook-opens-the-gates-to-its-vault-of-consumer-data.html?_r=0

http://adage.com/article/digital/facebook-web-browsing-history-ad-targeting/293656/

http://www.cnbc.com/2015/07/02/facebooks-new-video-ad-feature-could-worry-google.html

http://www.fool.com/investing/general/2015/07/07/facebook-continues-its-offensive-against-googles-y.aspx

http://marketingland.com/q2-2015-facebook-fbx-outpace-google-display-report-134718

http://www.theglobeandmail.com/report-on-business/international-business/facebook-pushes-advertisers-to-leverage-user-data-more-effectively/article25066681/

 

Jul 10, 2015 02:14 PM
David Barr
Berkshire Hathaway HomeServices Florida Realty - Sarasota, FL

Kyle Reyes, you have to call me childish and ignorant to try to salvage your unsubstantiated blog post.  You call my links outdated, yet you post links from 2014 yourself.  I could go on, but I think readers here get the point.

Jul 10, 2015 08:35 PM
Kyle Reyes
The Silent Partner Marketing - Manchester, CT

David Barr first of all, you state that my post is "unsubstantiated" because it gives information about something that not only do you not understand, but you continue to choose not to understand.  That doesn't make it unsubstantiated, that simply means you don't understand it.

Your links are from 2013 and earlier...PRIOR to changes that Facebook made in it's advertising models.  The late 2014 links I shared showcase the power and data of Facebook with new integrated changes.  I'm not really sure what you don't understand about this.  Is it that you are wildly sheltered or just too stubborn to aknowledge that you're incredibly wrong because of your lack of desire to advance and grow?

To your other point, allow me to help you out here.  

Ignorant: Adjective. lacking knowledge, information, or awareness about something in particular.

Here you fit the definition perfectly.  I bring to the table knowledge about both AdWords and Dark Posts.  You make assertions based on a lack of knowledge, education and awareness about Facebook Dark Posts and Facebook as a whole.  Therefore, you are ignorant.

Childish: Adjective.  silly and immature.

Here you also fit the definition perfectly.  You lashed out with childish commentary at myself and Kim Stuart because of your ignorance (see previous definition).

Here's where I DO agree with you.  I'm also pretty sure readers get the point.  The people who tend to read and follow my pieces for the most part do so to continue to advance their knowledge and understanding of something that - based on many of their own experiences - they know works.  They are here to receive knowledge and education from the greater Active Rain Community as a whole...and to also GIVE knowledge and experience to others.

You've done neither of these things.  You've instead picked a fight with a guy who has a very deep background in that which he writes about, while the weapon you chose to bring to battle was a pompous attitude and outdated information.  You suggest that because I'm a millennial, I'm perhaps unable to accept criticism or disagreement.  You're wrong.  I value, respect and appreciate both.  But I do so when it's coming from someone who actually knows what they're talking about.  And that clearly is not you, as anyone can see.  So yes, I agree with you - I'm pretty confident readers get the point.

If I were you, I'd keep in mind that many, many people read content here on AR.  Before you continue making a fool out of yourself and showcase how terribly and sadly irrelevant you are, I'd consider how you appear in the eyes of others.  It's fine that someone doesn't understand something - but what you've done is showcase that not only do you not understand it...you are far too egotistical to know that there's much you don't know...and you're not willing to learn and grow.  ActiveRain doesn't like bullies - much less bullies who make assertions and can't back them.

I'm going to go enjoy my coffee now and join the rest of AR in laughing at you.  Then I'll say a prayer for you - because you're clearly going to need all of them that you can get if you have a chance of making it in business in this new world.

Jul 10, 2015 10:34 PM
David Barr
Berkshire Hathaway HomeServices Florida Realty - Sarasota, FL

Please continue calling me names and insulting me.  It speaks volumes.

I understand FB and it's audience quite clearly.  Active Rain users don't like snake oil salesmen.  Good luck selling, your temper tantrum is unappealing.

Jul 10, 2015 10:51 PM
Kyle Reyes
The Silent Partner Marketing - Manchester, CT

David Barr I'm sorry if I hurt your feelings.  I'm sorry if you can throw out insults and then can't accept it when someone calls you out.  If you interpret that as being a "temper tantrum", then so be it.

Right.  You clearly understand Facebook and it's audience.  Recipe posters and cats.  You've got me.  

I wish you nothing but the best of luck.  

Jul 10, 2015 10:55 PM
David Barr
Berkshire Hathaway HomeServices Florida Realty - Sarasota, FL

Kyle Reyes, you're absolutely right.  My goodness, I completely overlooked the natural synergy of those reading about mocktails to looking for Realtors on FB.

Jul 10, 2015 11:01 PM
Kyle Reyes
The Silent Partner Marketing - Manchester, CT

I'm actually enjoying this now.  Watching you is like a fish out of water gasping for air on a dock.  Or, perhaps, a child screaming for attention. 

Enjoy your day.

Jul 10, 2015 11:04 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Kyle. Since I know you better than most, I want you to know that I honor and trust you understanding of Facebook, Google, Linkedin and any other social media venue. You have continually expanded my business, there is nothing snake oil about it, that is first had experience.

It is sad that anyone that doesn't know you or experienced your work, knowledge and wisdom would use words like "Snake oil salesman".

Make it a great day my friend.

Jul 10, 2015 11:49 PM
Kyle Reyes
The Silent Partner Marketing - Manchester, CT

Joe Petrowsky thanks so much for your kind words.  I guess what sets someone like you apart from someone like David Barr is that, despite your many, many years in the business - you have identified that there are so many things for all of us to learn.  Your willingness to try new things and dip your toes in the water of social is what has resulted in your numbers absolutely erupting.  Perhaps some people need to read the blog "Dear Boomers, Maybe It's time To Retire.  Love, Millenials."  You, sir, are the future of the industry.  Your combination of wisdom and your hunger for knowledge - yours, and so many like you in the business, are fueling the change.

Jul 11, 2015 05:29 AM
David Barr
Berkshire Hathaway HomeServices Florida Realty - Sarasota, FL

Enjoy advertising to the FB audience, Kyle Reyes.  This is what the audience you are getting Realtors to advertise to are doing with FB:

Jul 11, 2015 06:50 AM
Kyle Reyes
The Silent Partner Marketing - Manchester, CT

You really are quite sad, David Barr - and clearly a lost cause.  

Jul 11, 2015 06:52 AM
David Barr
Berkshire Hathaway HomeServices Florida Realty - Sarasota, FL

Kyle Reyes, sad is you still trying to support FB advertising.  

Jul 11, 2015 06:59 AM
Kyle Reyes
The Silent Partner Marketing - Manchester, CT

Ok, David Barr.  Go pour yourself a nice O'Douls and do a little homework.  Try starting with the articles I sent you.  Then, perhaps, try and find a time machine and teleport out of 1981 back here to reality.

Jul 11, 2015 07:19 AM
Ron Aguilar
Gateway Mortgage Group - Saint George, UT
Mortgage & Real Estate Advisor since 1995

I ran a retargeting campaign August 2014. Here are the simple stats: Run time 3 weeks, 4-6 hours per day, total spend: $425.00. Results: I closed 3 purchase loans as a lender. Is FB useful? yes it is but you need to work your leads which is where many others fail. Keep your marketing diversified and don't suffer from call reluctance. Oh, and one more thing. Get your personal life in order so that you don't become a hobby Realtor.

Jul 12, 2015 04:33 AM
Kyle Reyes
The Silent Partner Marketing - Manchester, CT

Ron Aguilar great stuff.  And you are spot on - if you don't work it, then shame on you.

Jul 12, 2015 10:13 AM
AndreaBFerreira CRS - SRS - CLHMS
Keyes Co. - Davie, FL
Miami Dade, Broward and Palm Beach County in FL

Hi Kyle Reyes, thanks for this information. There is always a room for improvement.. and my FB is on the list...

I'm looking for to learn more in the near future....

Have a great day.

 

Jul 16, 2015 03:59 AM
Terry Kraemer
Exceed Realty - Houston, TX
Houston Realtor

Wow, This is an interesting post and comments that have obviously raised some feathers.  I think with any type of advertising, consistancy is the key.  I believe that if you use facebook on a regular basis,  why not let those people know what kind of work you do. I have seen people go to facebook before and ask if they knew anyone who was a realtor.  Many people left referrals and suggestions.  By the time I saw the post it was too late, but it is some proof that it could work.  Personally, I have never had much luck running facebook ads, but I also wasn't consistant with it.  I think you have to find what works for you and run with it.

Jul 25, 2015 07:12 PM
Kyle Reyes
The Silent Partner Marketing - Manchester, CT

Andrea.B Ferreira 954-303-8289 make sure to connect with me on LinkedIn and follow my blogs on there as well!

Terry Kraemer ME?  Raise feathers?  :)

Jul 26, 2015 04:55 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Kyle Reyes looking forward to market my listing on Facebook. Any quick tips from you will be welcome....

Jul 29, 2015 02:50 PM
Kyle Reyes
The Silent Partner Marketing - Manchester, CT

Remarket off of particular listings (vs. the entire website...).

Jul 30, 2015 12:37 AM