07/11/2017
[Paid Traffic Tip - Advanced]
"Social proof doesn’t exist in Search."
I had to listen to this a few times before I really understood what Dennis Yu was saying here.
This interview does a fantastic job of discussing the difference between Google and Facebook paid traffic.
"Google is trying to maximize how much money they’re making on their base traffic, so we talk about a CPM, that’s a cost per thousand. But Facebook has gone a step further than that. Rather than trying to make the most money per thousand impressions, Facebook wants to try to make the best user experience."
"In Google land, let’s say Keith and I are bidding against each other as advertisers on a certain keyword. We’re both bidding a dollar per click, but Keith has twice the click through rate. Then your cost per click will effectively be half because your quality score will be double mine. Google’s looking at this and saying look, “I’m still trying to make the most I can per thousand impressions.” If Keith has ads that get clicks twice as often, then Google is going to make twice as much money. All those people paying a dollar per click."
"On Google, you’re going to pay the same base price for the traffic, so when you are able to 10x your CTR, your cost per click is one tenth. Everyone understands the arithmetic math there, but on Facebook you have an exponent because the cost of the underlying traffic is better too, and you get that performance increase because your engagement rate’s higher. So you have this doubling up factor that occurs. That’s why if you have a really good piece of content, which we call a unicorn, that’s why you want to be boosting posts to identify unicorns that you’re going to continue to put money against because you’re going to go all in on things that are working."
http://www.digitalmarketer.com/facebook-boosted-posts/
Dennis Yu joins the Perpetual Traffic experts to discuss Facebook boosted posts and why keeping it simple on Facebook can go a long way for your business.