Meta Ad Hack Series - #6
Quick Hack to 3X your Meta Ads ROAS for FREE
The #1 Mistake advertisers make when launching ads is not seeking help, thus losing $$$.
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1. The WHY
Of course, everybody can reach a great results on their campaigns,
BUT
It takes a lot of effort
It takes a lot of capital
It takes a lot of time/energy to do so.
Even us at Novify Media do our due diligence when marketing in a new country, or getting a product launch in a new environment, as well as to new customer segments.
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2. The HOW
Extremely simple.
You can see every single ad ever posted in the Meta Ad Library.
Go to;
facebook.com/ads/library/?ac…
and make sure you select “All” countries when searching, so you can search all regions in contrary to your own location.
Make sure that you are searching for all ad categories, not to block out specific advertisers with your search.
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3. The Step-by-Step
Now that you have your search parameters ready, this is what you have to do:
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a) Seach for competitors in your product/service niche
They need to be successful, so you can STEAL the great ideas, and not the bad ones.
There are lots of methods to check their numbers,
what I personally like is going to their website, and doing a deep-screen of their traffic via
similarweb.com/.
You will see all the traffic information with detailed segmentation.
From here, if its an eCom business, you can calculate their revenue based on:
1. Industry average CVR with adjustments based on their funnel (how CRO optimized it is)
2. Average AOV (check their medium product price, and adjust based on bundles, subscriptions, cross-, and upsells)
If the business looks like it has great numbers, search for them in the Meta Ad Library - make sure you find their right Facebook page.
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b) Check the ads IN DETAIL
Figure out what their angle is with the ads.
You will find all their active ads (the more the better - that gives you feedback on how good their testing is) in chronological order.
1. Try to identify patterns in their:
- Ad Descriptions
- Headlines
- Content
- Emotions Targeted
Look for specific keywords they are using, and the manner in which they are presenting the problem, as well as their solution for the customers.
2. Identify top performing ads;
Look at the engagement on the ad creatives, as well as search for ads that have been running for a long time: Singaling low ad fatigue.
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c) Figure out WHO they are targeting
Draw a customer segmentation map on
miro.com.
It is crucial to visualize all the different ad sets and their approach, so you can figure out who the message is intended for:
- Demography
- Psychography
- Behaviour
- Pain Points
- Desired Solution
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d) Collect and DIG DEEPER
Make a list of 10-15 businesses that are dominating your market.
Repeat the process with each of them, and add the findings into your
miro.com board, or your
notion.com doc.
When you have the whole picture, it’s time for setting up your own angle.
Compare the potential revenue of the businesses,
and rank them in a list, with their respective top-performing ads next to them.
You will find that those who are more successful will try less new crazy ideas,
and those who are less successful will come up with “more crazy” ideas to reach their audience.
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e) Get the CURE
As soon as you have your comparison table, your task is very simple:
Seeing what the big dogs do, and using that as your basis.
Seeing what the smaller companies do, and implementing some of their more ambitious ideas to reach a better visibility - for less.
As soon as you start testing your own ad sets with this setup,
your advantage over competition will be OBSCENE.