[ad_1]
Are your Facebook Ads not converting as well as you’d hoped? You’re not alone! The overall Facebook ads average conversion rate is 9.21%.
That’s more than 9 out of 10 people that you painstakingly drive into the final stages of your advertising funnel bouncing away to donkeyland.
Worse than that, Facebook Ads are getting more expensive and less effective. What a terrible combination!
Fortunately, we’ve got several hacks to teleport you from the world of donkeys to the world of unicorns.
In this article, we’ll go over:
Find Your Customers with Customers.ai
See the new Customers.ai sales outreach automation platform. With X-Ray Website Visitor Detection and automated email and SMS outreach to help mid-market companies find their perfect customers. Request a call to learn more about sales outreach automation today!
Facebook Ads Average Conversion Rate
Before we dive into the nitty-gritty details, let’s make sure we’re on the same page.
What exactly is an ad conversion rate? Conversion rate is the percentage of people out of those who see your ad that complete the desired action.
- Making a purchase
- Filling out a form
- Signing up for a newsletter
Essential KPIs for Facebook Ads
Other important Key Performance Indicators (KPIs) in Facebook advertising are:
Cost-per-click (CPC): Cost-per-click is the amount you pay for each click on your ad. The cost can vary depending on your target audience, competition, and other factors.
Cost-per-action (CPA): Cost-per-action is the amount you pay for each desired action that results from your ad, such as a purchase or lead.
How the Facebook Ads Average Conversion Rate Has Changed
The Facebook ads average conversion rate has remained pretty stable over the years.
Unfortunately, this doesn’t mean you’re getting the same value for your investment!
In fact, your dollar isn’t going anywhere near as far. Bummer!
This is happening for two reasons.
The Rising Cost-per-Click
The cost-per-click for Facebook ads has been shooting up like a rocket. 🚀
According to Wordstream, the average cost-per-click has more than doubled since 2014! That’s bad news for someone trying to grow their business.
The Impact of Apple’s Privacy Change on Facebook Ads Average Conversion Rate
Facebook used to have excellent targeting information to help you find your ideal customer. That’s not the case anymore!
Apple’s new privacy policy, introduced in iOS 14.5, requires users to opt-in to tracking. This has made targeting much less effective.
Without accurate tracking, getting your ads in front of the right customers has been a much heavier lift! 🏋️
Facebook Ads Average Conversion Rate by Industry
Here’s how Facebook ads Average Conversion Rates break-down by industry:
| Industry | Avg. Conversion Rate | Avg. Cost Per Click | Avg. Cost Per Action |
| Beauty | 11.11% | $1.81 | $16.12 |
| Fitness | 8.1% | $2.33 | $29.03 |
| Food & Beverage | 5.3% | $1.64 | $18.50 |
| B2B | 2.6% | $2.85 | $75.51 |
| Real Estate | 1.8% | $1.81 | $100.91 |
| Finance | 1.1% | $3.77 | $158.74 |
| E-commerce | 3.3% | $0.77 | $20.23 |
| Travel | 1.9% | $1.38 | $68.78 |
| Education | 5.9% | $1.06 | $18.68 |
| Automotive | 3.7% | $1.18 | $35.34 |
Industries with High Facebook Ads Average Conversion Rates
According to recent studies, industries such as beauty and skincare, fitness, and food and beverage have a higher Facebook ads conversion rate.
This could be due to their visual appeal and relatability with people.
Industries with Low Facebook Ads Average Conversion Rates
The industries with the lower Facebook Ads average conversion rates are B2B, real estate, and finance.
These industries are less relatable to people and may require more technical or professional knowledge, which could make it harder to convert leads into customers.
Facebook Ads Conversion Rate Optimization Tactics
There are some best practices most Facebook advertisers will be familiar with in improving Facebook Ads Conversion Rates.
If you invest your time and your money, maybe you can use them to improve your ROI a smidge.
1. Use high-quality images and videos to grab attention and entice people to click.
Example: A beauty brand showcasing its products in a way that is visually appealing, with high-quality images and videos.
2. Create advertising copy that speaks to your target audience’s pain points and desires.
Example: A fitness brand using ad copy that addresses the common struggles people face when trying to get in shape, and how their product can help.
3. Test different audiences to see what works best.
Example: A food and beverage brand testing different audiences, such as people who are interested in cooking, dining out, or following food bloggers, to see which audience responds best.
4. Keep an eye on your metrics and adjust your strategy accordingly.
Example: An education brand tracking their cost per action and conversion rate and adjust their strategy if they notice a decrease in performance.
These tips may help you to eke out small improvements to your Facebook ads performance anywhere.
But full disclosure, those are tips for donkeys.
Join Today’s Webinar with Larry Kim!
Or Register for the Free Replay
Learn all about NEW 100% Meta-Approved Automation Tools from Customers.ai with a spotlight on features to 10X Instagram & Facebook Engagement and turn social media into a revenue driver for your business.
High-Impact Facebook Ads Average Conversion Rate Optimization Tactics
But you’re not looking for run-of-the-mill strategies! You want the good stuff!
Here are a few high-leverage, low effort Facebook ad hacks to increase conversion popularized by guru Larry Kim, founder of MobileMonkey:
1. Use Facebook Ads Inverted Targeting for insanely relevant and highly engaging ad creative.
Anyone can click on the targeting “Suggestions” button. This is how you follow in the hoovesteps of the donkeys who came before you.
Instead, target unrelated interests. This will make your ads feel extremely personalized to everyone who sees them!
Here’s an example:
And here’s a description of how you should approach it:
It’ll cost you less money and attract more clicks! What could be better?
2. Increase conversion rate by prioritizing Facebook Advertising remarketing audiences.
When you target remarketing audiences, you target people who have heard of you before and already that familiarity creates brand affinity.
Instead of trying to stand out of blending in with the other donkeys vying for brand new attention, target people who already think of you as a unicorn!
People who have heard of your brand and have high affinity for your brand are 2-3X more likely to convert.
3. Run Boosted Post ads with Comment Autoresponders to capture leads from low-cost engagement ads
This one might be new to you, even if you’ve been doing Facebook advertising for a long time.
There’s a little-known tactic that turns an Engagement objective ad into a conversion driver.
Typically Engagement objectives ads have lower CPM (cost per impression) because they are optimizing for higher-funnel marketing objectives.
What if you could generate a conversion from an Engagement ad?
Surprisingly, you can. With a Facebook messaging automation.
A comment autoresponder starts an automated Messenger conversation with anyone who comments on a Facebook post, including a boosted post.
Use Customers.ai to set up comment autoresponders that automatically message people who comment on your posts! When they reply, you can ask them for qualifying information or to complete a conversion action like signing up for your newsletter or event.
And setting this up is simple!
- Log into your account and click “+ Automation.”
- Select “Email” automation and pick your email settings.
- Click “+ Other Lead Triggers” and pick “FB Comments Autoresponder.”
- Pick what information you’d like and how many qualifying questions you’d like to ask
- Pick which post you want your automation to apply to
- Set up the messages you want your chatbot to send
- Boost the Facebook post
- Sit back and watch your leads roll in!
And viola! You’re done.
The Supercharged Facebook Ads Average Conversion Rate Hack
Beating the Facebook ads average conversion rate isn’t the end goal. Turning people who see your ad into lifelong customers is! Doing this is easier than ever with MobileMonkey’s Unicorn X-Ray!
This amazing tool can get you the contact information of 20% of visitors to your Facebook ad’s landing page. Combining this incredible data with MobileMonkey’s Sales Outreach Email Automations is a recipe for success!
Here’s how:
- Log into MobileMonkey and click the button to “+Automation”.
- Choose the “X-Ray Lead Generator” trigger.
- Specify your Facebook Ad landing page.
- Configure the email address from which you want to send email automations.
- Write your email and set up the automated email sequence.
- Connect the automation to a Google Sheet to see X-Ray captured visitors to your Facebook Ad landing page.
MobileMonkey’s Unicorn X-Ray tool captures the contact information of 20% of the people who visit your website! That’s more than double the Facebook ads average conversion rate!
With Sales Outreach Automation technology, turning them into a loyal customer is more streamlined than ever.
Check out your Website Report to see the leads you are missing out on!
Conclusion
Before you head off to smash your Facebook ads average conversion rates, here are the key takeaways you need to remember:
- The overall Facebook ads average conversion rate is 9.21%.
- The cost-per-click for Facebook ads has been increasing.
- Apple’s privacy changes have made targeting less effective.
- Some industries have higher Facebook ads average conversion rates than others.
- Common ways to improve your facebook ads performance include using high-quality images and writing better copy.
- Uncommon powerful hacks to improve Facebook ads performance include inverted targeting and focusing on remarketing.
- MobileMonkey Unicorn X-Ray technology is a secret tool that can 7x your Facebook Ads conversion rate!
Find Your Customers with Customers.ai
See the new Customers.ai sales outreach automation platform. With X-Ray Website Visitor Detection and automated email and SMS outreach to help mid-market companies find their perfect customers. Request a call to learn more about sales outreach automation today!
Important Next Steps
If you want to blow your past performance out of the water and crush the competition, keep these tips in mind.
Get your Lost Leads Report now before any more customers slip through your fingers!
- Talk and learn about sales outreach automation with other growth enthusiasts. Join Customers.ai Island, our Facebook group of 40K marketers and entrepreneurs who are ready to support you.
- Advance your marketing performance with Sales Outreach School, a free tutorial and training area for sales pros and marketers.
[ad_2]
Source link