A Facebook Advertising Case Study
Challenge
- Under performing ROMI (Return on Marketing Investment)
- High cost per acquisition
- Minimal audience segmentation and intelligence
- Minimal campaign structure and format intelligence
- Lack of internal bandwidth
Results
- 182% increase in performance against benchmark
- 14% performance gain through format testing
The Challenge
Like many growing online brands in the travel industry, Point Hacks is an extremely agile operation. As a result, marketing tactics were being planned and deployed by the MarTech team wearing multiple hats, rather than digital marketing channel specialists.
Paid social media advertising was performing well, but it was evident that with specialist channel knowledge and experience, performance could be dramatically improved to boost conversion rates, while slashing the cost per acquisition on Facebook.
- Under performing ROMI (Return On Marketing Investment)
- High CPA (Cost Per Acquisition)
- Minimal audience segmentation and intelligence
- Minimal campaign structure and format intelligence
- Lack of internal bandwidth
The Goals
As a credit card affiliate website, the goal was ultimately to increase conversion whilst driving down campaign spend, resulting in improved campaign performance. However, we wanted to ensure the process resulted in learnings that would put in place the building blocks for continually improving Point Hacks paid Facebook advertising.
- Increase CTR (click-through-rate)
- Increase CvR (conversation rate)
- Lower the CPA (cost per acquisition)
- Improve understanding of Facebook audience segments
- Define priority target audience segments
- Create an optimised base Facebook campaign structure and format
What We Did
Testing and continual improvement are the foundations of how we increase marketing performance for our clients. To meet the performance criteria, our focus was on the immediate Facebook campaign optimisation requirement, while also ensuring that insights were gathered to build a high performance ‘out of the blocks’ paid social media advertising campaign process. Here is what we did:
- Designed a solid testing programme
- Created multiple campaign creatives and formats
- Defined nested audience structure from customers and fans to lookalike audiences
- Provided live management and optimisation process
- Delivered intelligence through post campaign analysis
- Devised an optimised social advertising campaign process
The Results
The live optimisation process allowed us to continually iterate the format, structure and targeting of the social adverts over the lifespan of the campaign, pushing budget to the best performing adverts. The campaign resulted in a 182% increase in performance against the benchmark campaign.
- 182% increase in performance against benchmark
- 14% performance gain through format testing
- Audience testing revealed optimal and maximum lookalike audience threshold
- Audience testing revealed priority segmentation (by gender and age range)
- Definition of “out of the blocks” campaign format
- Definition of “out of the blocks” audience targeting
Let’s Talk
Speak to us today to find out how we can help you get similar results.