Target your competitors audience on Facebook!
What if you could target your ads to go to people that have followed your competitor? The good news is that very often you can! *insert evil laugh here*!
How do you do it?
When you create an ad, you are given tools to find the audience that you want to advertise to.
As you choose your audience, Facebook will show how your choices expand or narrow your potential audience size.
You can select:
- Locations by cities, states or postcodes (importantly this can also include people travelling in an area);
- Interests; and,
Because Facebook is where people go to share information about themselves, we have a ton of native information about people that can be used for targeting.
Let's target your competitors
One of my ninja tactics is to target people following your competitors where possible.
Getting your ads in front of a competitors’ audience can build awareness and generate sales. You can reach them via interest based targeting. Interest based targeting works because you can use your competitor as the interest being targeted. If you type in a competitor name, Facebook is going to populate it with an audience that has expressed an interest in or liked pages related to that competitor. It’s very likely that part of what Facebook looks at is people who have directly liked the page of that competitor.
Now it is time to play! You can using many different keyword combinations that would represent your competitor to see what Facebook populates. If Facebook has data, it will populate and present you with an estimate on the audience size.
If you’ve exhausted all options and Facebook isn’t returning an audience for the web address or keywords you type, then it’s likely there isn’t much of an audience for that competitor in Facebook and you won’t be able to target it.
Myer targeting David Jones example
Now let’s look at a specific example.
Let's say that I’m the Marketing Manager of Myer and I want to target fans of David Jones. I’d go into the settings at the ad set level and add in 'David Jones'.
The screenshot below is people that are interested in “David Jones”, that are female, are in the 30 - 45 age bracket and that live in a 25 mile radius of the Brisbane city centre.
This would be of high value to the Marketing Manager of Myers right?! You could also add in additional interests.
What are the possibilities for your business?
Have a think about the possibilities for your own business. If for instance you were an independent liquor retailer, you could create an audience targeting people have followed or shown interest in big box, multi-national retailers! Oh yeah!
Have a question? Email me at email@example.com.