Facebook Product Ads is a form of dynamic advertising that allows marketers to showcase a variety of their products to a wide audience. With exciting features like multi-product advertising and audience clustering, this marketing sensation has become extensively popular among e-marketers. In this post, we will walk you through the essential basics and steps to launch your first Facebook Product Ad!
What are Product Ads?
Google pioneered this format with its Shopping Ads (also known as Product Listing Ads) and these have been around for some time now. In 2015, Facebook entered the paid advertising race and opened up its social media platform for advertising: Facebook Product Ads or Dynamic Product Ads (DPA) was their answer to Google’s Shopping Ads.
How to get Started?
The first step for advertising on Facebook is to have a business manager account. Along with that, the steps listed below need to be followed in order to proceed with creating the campaign.
- Upload the product feed. This should contain an exhaustive list of all the products that you want to advertise on Facebook
- Configure the Custom Audience pixel on your website to measure all the metrics and report on user activity.
- Set up a dynamic template which will be automatically filled with the right products to advertise.
Setting up your first ad
Once business manager and the rest is setup, you are ready to create your first product ad
- Open Power Editor, click on create new campaign, name the new Adset and select your product catalog.
- In the Create Ad section, you have the option of selecting either Multiple Images or the default selection of a Single Image.
- Once you have chosen the image format, write a short description on what is being promoted in the Text section.
- If you have selected multiple images options, select the number of products to promote in the Images and Links section. The default value is 3, but options can go up to 5.
- Click on each numbered box, corresponding to a product and enter the Destination URL and Headline Description for each. If it is a long and complex link, enter a shorter user-friendly form in the See More Display URL field and this compact version will be visible to the customers.
- Upload your product images under Image section. Make sure the image size is 600×600 pixels.
- With the Ad and URLs in place, move on to the Creative Optimization section where you can choose to show images based on popularity. If this field is left unchecked, the images will appear in the uploaded order. If the field is checked, Facebook automatically chooses an order, based on popularity.
- Filling the Add URL Tags will keep track of clicks on the links. Tracking Pixels fields will show which ads resulted in actual customers.
- Finally, click on the Upload Changes button to save the campaign.
Follow these steps and you would be ready with your first Facebook Product Ads Campaign!
Facebook provides additional features that you might want to check out to get more ROI from your advertising dollars.
Multi-product ads (MPA)
Multi Product Ads are a single ad unit having multiple product advertisements. Each product will have an image, a description, a URL that leads to the item on the advertiser’s website and are available for monitoring via the tracking pixel. These ads are seen in the user’s news feed and also have a carousel functionality, where the products rotate across the screen at the user’s swipe. MPA come with the following benefits:
- Interactive MPAs enhance visibility and brand recall
- Economical because more products can be displayed in a single ad unit
- Responsive ads that work well across all devices
Starting 2015, Facebook opened up the Instagram platform for paid advertising and the result so far has been promising. Facebook allows you to simultaneously launch your Product ads on instagram from a unified Business Manager Account.
While MPAs are an effective way of advertising your products, retargeting provides an added boost and can take the performance a notch higher. In retargeting, ads are shown to a set of people who have already visited your website or performed any kind of activity on the website. You can create the set with any kind of activity a user has performed and target your ads accordingly.
- Deep integration with Vendor Catalog – Direct integration with the vendor’s product feeds allows DPA to pull in the updated product information from the catalog, in case of frequent changes and relay them to the MPA instantly. This will create Multiple Retargeting ads instantly.
- Cross-device tracking – Facebook allows for retargeting to be done across several devices for the same user, regardless of the initial touch point at the vendor site.
Specific Audience Targeting
An important differentiator for Facebook is the access to user’s data like interests, demographics and images. This very powerful data can be used by advertisers to create specific targeting such as people having a specific interest or belonging to a particular demography, thus adding granularity to audience targeting.
Facebook allows you to create a list of similar audiences as well to grow your targeted audience. Here you can provide a set of interests or targeting parameters and facebook creates a set of lookalikes where the audience has similar interest to the one that you have specified, thus helping you reach new audiences and grow your business.
Another feature available in targeting is the exclusion function. The Custom Audience pixel is so granular that it can include or exclude certain audiences. This function is particularly useful for advertisers who want to avoid targeting people who may not be relevant to their products.
These features and a host of other advanced tweaks make Facebook DPA a proven marketing tool for e-marketers ( reports suggest healthy click and conversion rates) and a must have in their digital marketing mix. Sokrati Product Ads Solutions leverage the Facebook Ad platform’s capabilities to the fullest and enable e-retailers to launch ROI optimized, captivating DPA campaigns which attract buyers that are genuinely interested.