How to learn from your competitors Facebook ads?
In 2020, thanks to COVID-19, Facebook ads have seen an unprecedented rise in use. The overall quantum of ads has increased.
There was a time back in 2017 for your niche you might have been the only Facebook advertiser running ads on Facebook & Instagram. Instagram shop or product ads have exploded now. It has become difficult reaching your target audience cost-effectively.
So what should you be doing?
Good advice would be to become as creative yet natural in your creatives and connect with your audiences.
But a bit of informed advice would be to check on what your competition is doing and then be different and more sensible.
So how do you do that?
I mean, how do you check up on what the competition is doing?
Well, here are three simple steps to understand the tactics of your competition.
- Like, follow as favourite and follow offers from your competitors. Simple right? Just by doing these steps, you will know the Facebook content strategy they are having.
- Watch videos on the page and randomly like and comment on the page content.
- Scroll through your newsfeed until you receive a sponsored post from your competitor's page. Click on the three dots and "Why am I seeing this ad?", Voila, you'll have a fair idea of what the targeting settings used by the advertiser.
There are two main things you'll understand from the above steps:
- What kind of content seems to be working for the competition?
- What is the ad targeting setup in Facebook ad manager?
The final step is to understand currently live ads.
Visit Facebook ad library - https://www.facebook.com/ads/library/.
There fill in your competitor's page name and search all.
You'll see the different placements where the ads are active - Facebook feed, Audience network, Instagram, Messenger.
This approach will give you a holistic approach to understanding your competitor's strategy.
Hope this helps in your Facebook & Instagram ad campaigns. Please feel free to let me know your queries in the comments below.
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