Content IntroductionAsk Questions
The video discusses common mistakes new brand owners and performance marketers make, particularly focusing on the emphasis on top of the funnel marketing without adequately addressing the middle and bottom of the funnel stages. It argues that while top of the funnel campaigns generate significant leads, they often overlook the importance of nurturing potential customers in the middle stage, which is crucial for driving purchases. The presenter, Hans, emphasizes the need for distinct strategies for the middle and bottom funnel audiences, including custom, lookalike, and engagement-based audiences. He provides insights on audience segmentation, effective campaign creation, and retargeting strategies aimed at converting interested viewers into customers. The video concludes with practical guidance on using Meta Ads for targeted marketing campaigns.Key Information
- New brand owners and performance marketers often make the mistake of focusing solely on top-of-the-funnel campaigns, neglecting middle and bottom-of-the-funnel strategies.
- Top-of-the-funnel campaigns generate 60% of orders, while the combination of middle and bottom-of-the-funnel strategies can generate about 40% of orders.
- Middle-of-the-funnel audiences typically include those who have interacted with the brand but have not yet made a purchase.
- It is crucial to create targeted campaigns for these audiences to convert leads into actual sales.
- Different audience strategies can be implemented, such as using website visitors, engagement-based audiences, and leveraging video views to retarget interested customers.
- Dynamic retargeting can effectively engage users who have previously viewed products without purchasing.
- Using customer lists can help refine audiences, enhance targeting, and create effective advertising strategies.
- Marketing strategies should be adapted based on audience behavior, preferences, and engagement to improve conversion rates.
Timeline Analysis
Content Keywords
Brand Owners Mistakes
New brand owners and performance marketers often believe that all sales will be driven by top of the funnel campaigns, neglecting the importance of middle and bottom funnel strategies, which are crucial for generating leads and sales.
Funnel Strategy
While top of the funnel campaigns can generate a significant percentage of orders, the combination of middle and bottom funnel strategies is equally vital, generating 40% or even up to 50% of orders by addressing potential customer concerns through targeted campaigns.
Middle of Funnel (MOF)
The middle of the funnel focuses on audiences that have shown interest and engaged with the brand but are not yet converted into customers. Effective strategies include retargeting ads based on products viewed and engagement on social media.
Bottom of Funnel (BOF)
Bottom of the funnel audiences are characterized as 'hot' leads who have indicated strong intent to purchase but may be stalled by issues including price, trust, and product fitting. Addressing these concerns is key for conversion.
Custom Audiences
Creating custom audiences in marketing platforms is essential for effective targeting. Marketers can leverage data points and user engagement to segment audiences, such as those who have initiated checkouts or engaged with ads.
Engagement Metrics
Understanding engagement metrics, such as video views and interactions on social media platforms, allows marketers to build more refined audience segments, leading to tailored marketing campaigns that drive conversions.
Retargeting Strategies
Implementing dynamic retargeting campaigns allows brands to reach audiences who have previously viewed their products or shown interest but have not converted, which is crucial for closing sales.
Product Page Strategy
Strategies around product pages, such as highlighting specific product benefits and creating engaging ads, are necessary to encourage users to add items to their carts and complete purchases.
Related questions&answers
What is the biggest mistake new brand owners or performance marketers make?
What is the purpose of middle of the funnel campaigns?
What audience types are considered middle of the funnel audiences?
How do you create a custom audience on Meta?
What are bottom of the funnel audiences?
How can you track purchasers?
What are the options for engagement based audiences?
Why is video engagement important?
What should you do with customers who have interacted with your ads?
What information should be included when creating a custom audience?
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