Additionally, pay-per-click (PPC) buttons can be installed in the ads to generate income. Statista suggests that ad spending in the Social Media Advertising Market can be expected to reach $219.8bn in 2024, and has a CAGR growth rate of 3.86%.
This blog states useful advertising strategies that can work across every handle.
Vitality of advertising through social media channels
Before letting you discover the plan to execute your process, let’s jump in to state the perks of social media advertising.
1) Brand awareness hikes like anything
Showcasing your product to billions of audiences is unachievable other than promoting on social media. With that sponsored label on the ads, you will have an idea to propose to people.
2) Lead generation is obtained in abundance
Expanding your customer base is highly crucial for sending emails for a product launch or multiplying footfall numbers in an event. This is possible by running extensive ads on Facebook or LinkedIn.
3) A cost-effective solution
Despite offering so many benefits stacked in 1 ad, the amount invested in it is quite low. The cost spent on social media advertising on Facebook falls somewhere in the range of $0.4-$2 per ad, on a PPC or PPV basis.
4) Offers insightful analytics
By running your ads, you are presented with advanced analysis and data charts to decide in which direction you should sail your business.
Competent strategies to ace your social media advertising game in 2024!
1) Use a face for your brand
Instead of using a plain simple image or text, prefer using a face for your business proposition. This will instill your brand into your audience’s mind in no time. Thus, the social media ad will connect and resonate with them more.
2) Focus on mobile-friendly ads more
As of 2024, the number of mobile Facebook users is overtaking the PC/tablet user figures by a mile! So, crafting the ad for a mobile device will be a wise move to make. You can integrate larger texts, pictures, and graphics to beautify them.
3) Keep an eye on the “Quality score”
Quality score is basically the ranking given to ads by search engines. This, in turn, affects the relevance of the advertisement. A high-quality score will definitely push an ad up and cause it to pop on feeds more and more.
4) Audience targeting shall be precise
Knowing how to filter and cut short audience lists is a great skill to possess in social media advertising. Always pay attention and focus on first-time visitors and loyal customers separately. You may also plan retargeting ads to enhance the repeat rate.
5) Focus on video content more than anything
Video ads are the most engaging form of advertising on social media. As per trusted reports, video advertising has 6x more engagement than image ads, which is why nearly 71% of B2B marketers rely on video marketing. This is an awesome medium to deliver the brand goal and attract customers on a large scale.
6) Hire quality copywriters, if you don’t have any
Stating the product value in an ad in the most crisp and detailed manner is not everybody’s cup of tea. This is where a seasoned copywriter comes to use. Visit the product promotional emails in your inbox, aren’t they catchy as hell? Now you know the trick!
Folks make good use of this social media advertising weapon to boost your market. You can choose as many platforms as you want for your brand promotion. Facebook and X have the highest user base with almost 3 billion active accounts. But you’ll also have to take the cutthroat competition in these platforms. If you are someone with the power and creativity to showcase your product, Instagram can be a viable option as well.
Focus on the analytics and insights panel to figure out what your customer is more inclined towards. Be it positive or negative, adhere to the reviews closely. Make full use of the platforms to leverage your venture turnover to the fullest in the coming quarter of 2024. Slay it champ!
Sandeep Goel is the founder and CEO of Obelisk Infotech. He is a 1st generation entrepreneur working for over a decade and providing digital marketing services worldwide helping startups and building visibility for businesses through content and digital marketing.
He started his career as an SEO Analyst with US clients, which helped him polish his search engine optimization skills and gain a better understanding of digital culture and enhance his sales and marketing skills.
He also loves to write and regularly shares his views on blog sections. He is instrumental in company growth by creating and implementing processes, platform partners, and technologies to streamline operations at the micro and macro levels.
Founder (Obelisk Infotech)