74. Making the Most of Your Facebook Ad Spend with Keith Krance

Marketing Speak

When it comes to advertising on Facebook, Keith Krance is the expert. He’s the author of the bestselling book The Ultimate Guide to Facebook Advertising. And today he’s here with us! You’ll hear him get into the nitty gritty of Facebook advertising, sharing tips, strategies, and techniques for how to get the most out of your Facebook ad spend. We also talk about how to scale campaigns on Facebook, explaining why using a smaller budget and letting Facebook have time to do its work can be an effective strategy.

Find Out More About Keith Here:

Dominate Web MediaKeith Krance on LinkedIn

In This Episode:

• [01:24] - Keith talks about his recent five-day Facebook advertising event. He explains why he held the event, and talks about some of the topics that were covered there.
• [05:22] - We hear more about effective (and ineffective) hooks in Facebook advertising.
• [9:01] - Keith returns to the upside he mentioned a moment earlier, using an example of being in health and fitness.
• [11:31] - We learn what the letters stand for in the UPSYD (pronounced “upside”) ladder that Keith talked about. U is for unaware, P is for problem-aware, S is for solution-aware, Y is for your solution, and D is for deal.
• [16:43] - Stephan steps in for a moment to clarify what Keith has been saying.
• [17:12] - Your sweet spot may be the people who are aware of the problem but not the solution, Keith explains. He explains what he means using the example of playing bass guitar.
• [21:15] - Keith responds to Stephan’s comment about providing results in advance by offering an example of one of their clients.
• [23:08] - Stephan changes things up by inviting Keith to critique one of his ads. He describes it in detail, setting the scene for Keith’s advice.
• [25:35] - Keith offers his feedback to Stephan’s ad. His biggest point is to move further down on the UPSYD ladder to appeal to less of a niche audience. He also goes on to recommend simplifying terminology and gives a couple examples of how to do so.
• [37:25] - Does Keith think that driving people directly to a webinar sign-up from a Facebook ad is too much too soon?
• [40:22] - Stephan mentions that it sounds like he should be replacing his image ad with a video giving a keynote presentation that offers value on its own. Keith agrees, and clarifies. He mentions his three-step video ad guide. He then goes on to talk about the length a video should be.
• [44:54] - How do you “Facebookize” a YouTube video?
• [46:51] - Keith talks about how to scale campaigns on Facebook, explaining why using a smaller budget and letting Facebook have time to do its work can be an effective strategy.
• [52:22] - With only a few minutes to go, Stephan starts a rapid question session for Keith. First up: what is critical to have in the first few seconds of an ad on Facebook to capture the audience’s attention?
• [53:01] - Does Keith ask any trick questions when interviewing people to hire?
• [53:41] - Any tips about Facebook exclusion lists?
• [57:03] - What are Keith’s best practices for the images or the headline?
• [59:06] - Keith lists the best ways to reach him if you want to learn more, take his training, or work with his agency.

Take Your Marketing to the Next Level:

1. Offer something of value to potential customers without necessarily including a pitch at the end. This can pay off in the long run.
2. Write down three potential effective hooks for my product or service, and three that might be less effective, to help clarify the difference.
3. Write down five compelling hooks for my product or service: one for people at each of the five UPSYD stages.

Links and Resources:

Dominate Web MediaKeith Krance on LinkedInDominate Web MediaKeith Krance on LinkedInThe Ultimate Guide to Facebook AdvertisingPerpetual TrafficMolly Pittman on Marketing SpeakRalph BurnsEugene SchwartzSamCart Intermittent fastingThe Optimized GeekBulletproof Dave Asprey on the Optimized GeekFrank KernDennis YuPerpetual Traffic interview with Dennis YuContagious: Why Things Catch On by Jonah BergerYoutility by Jay BaerSEMRushSearchmetricsSimilarWebThe Wizard of Ads by Roy H. WilliamsThe 3-Step FormulaThe 3 Biggest Mistakes Businesses Make With Their Social Media Marketing StrategiesPre-Suasion by Robert Cialdini