31/03/2022
After an ad campaign is launched, we always want to know if we’re hitting the right Key Performance Indicators (KPI’s) or in short: “Getting Highly Qualified leads from our Ads” in a week.
Especially if we’re dealing with the real estate niche, which is very different from Ecommerce (Ecom).
We need to first take note that in Ecommerce, high ticket items are priced around PHP30k+, if you’re in the Philippines.
While in Real Estate, a high-end property price goes up to PHP20M or more.
𝗦𝗼 𝘄𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗔𝗰𝘁𝘂𝗮𝗹 𝗕𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸𝘀 i𝗻 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗙𝗮𝗰𝗲𝗯𝗼𝗼𝗸 𝗮𝗱𝘀, 𝘀𝗼 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗴𝗲𝘁 𝗮 𝘀𝘁𝗲𝗮𝗱𝘆 𝗳𝗹𝗼𝘄 𝗼𝗳 𝗰𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗵𝗶𝗴𝗵-𝗾𝘂𝗮𝗹𝗶𝘁𝘆 𝗹𝗲𝗮𝗱𝘀?
✅ Cost per Message - You need to atleast get a cost of 10 to 20 PHP per message for low and midrange properties and 50 to 100 PHP for high-end properties. And that’s only when you’re targeting the Philippine location.
✅ Number of Replies - You should have at least 10 good message exchanges between the agents and the lead. And in this message exchange, the reply should be very warm for the messaging exchange to count towards 10.
✅ Frequency - This should be below 2. When frequency goes up, it could mean the ad is uninteresting to your leads. A higher frequency also means a higher CPM.
✅ Quality of Message - arguably this is the most important. As mentioned in #2, the exchange should be warm. What is warm then? Well, they ask about the property's details - the area, the view of the unit, what's nearby, etc. and NOT just the TCP and computation. If investors, they ask about the possible rental yield of the property.
✅ Number of Qualified Appointments - in one week, let's say you get 200 leads and it only costs 3 PHP per message but at the end of the day, you only got 1 appointment, and that 1 appointment is not even qualified. This means your targeting needs work.
So, those are just some of the most important benchmarks when doing Facebook Ads for Real Estate.
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