Showing posts with label Facebook advertising cost. Show all posts
Showing posts with label Facebook advertising cost. Show all posts

Monday, December 14, 2020

Google Ads Vs Facebook Ads: Which Is Best For Your Businesses?

 


Facebook and Google are the leading and popular platforms in their own industry with a huge user base. With billions of active users and huge data set both platforms are widely used by companies in the digital advertising space.  But when it comes to selecting the best platform between Google ads vs Facebook ads most businesses and individuals often get confused.


If you are one of them looking to find the right answer then you have arrived at the right destination as we are going to highlight every small detail about how Google ads and Facebook ads can be beneficial for your business? And which is best for your business. So make sure you stick till the last.


Table OF Content:


  • An overview of Facebook Ads Vs Google Ads
  • Basic knowledge of Facebook Ads and Google Ads
  • Difference Between Facebook Ad Vs Google Ads
  • Understanding The Advantage Of Using Facebook Ads and Google Ads
  • Google Ads VS Facebook Ads: Which Should You Be Using?
  • Frequently Asked Questions


An overview of Facebook Ads Vs Google Ads


Google and Facebook are the two popular advertising platforms with thousands of businesses using ads to reach their potential customers. Although Google is a search engine and Facebook is a social media platform, both platforms help businesses to advertise their products/services and connect with their potential customers.


But many businesses and individuals mainly the ones that are stepping new into the online advertising space often ask which is best?


While both the platforms offer great audience size and targeting options it’s actually difficult to determine the best one if you have the budget for only one platform. It’s just like Coca-Cola and Pepsi (when you have the budget to buy only one but like both the drinks). However, there are a few differences that can help you to identify whether it’s right for your business or not.


Facebook currently has 2.3 billion monthly active users on the other hand google gets more than 5 billion daily searches. So from the number, you can easily determine the value both the platform can offer to your business. Many businesses are already leveraging the benefit of advertising on Google and Facebook Ads to increase their product/services visibility, leads, sales, acquire new customers, and more.


So in this article, we are going to highlight every small detail the advantage of using Facebook ads and google ads so that you are able to make your decision based on facts and evidence.


Basic knowledge of Facebook Ads and Google Ads


Before we start comparing Facebook ads and google ads it’s important to understand the basics about how both the platforms work.


What are Google Ads?


Google is one of the popular and world’s leading search engines that holds the largest share of total US digital ad spend i.e 38.6%. So google is not only the popular search engine but also the most widely used online advertising platform. Google ads were formerly known as “Google Adwords” that generally work based on an auction system.


If you have already used Google Adwords then you might be aware of how Google ads work. On the other hand, if you are new to Google ads then make sure you check out the blog on Google Advertising: How Much Does Google Ads Cost?


The auction process on google is very much similar to the normal auction process but while creating and running google ads you just have to focus on keeping your quality score high because the ad rank (position of your ad in search results) is decided on the factors like a maximum bid and quality score.


Not only that but your CPC (how much you will pay when the user clicks on your ads) is also decided based on your ad rank and the quality score. Google ads are undoubtedly the best way to reach the maximum number of audiences that are actually interested in your product and services. Using google ad you can drive traffic to your website, generate leads, increase awareness, and many more.


What are Facebook Ads?


Facebook is one of the popular and leading social media platforms with more than 2.3 billion active monthly users. It holds a total share of 19.9% of US digital ad spend and considered one of the most widely used social media advertising platforms. Even today if a business plans to shift from offline to online the first thing they do is create a business page on Facebook with a goal to connect with their potential customers. Today more than 90 million small businesses use Facebook.


However recent research and reports state that Facebook’s organic reach is declining. Seeing that businesses started to use Facebook advertising and guess what many small businesses claim that their revenue doubled just because of Facebook advertisement. Using Facebook advertising you get access to target a vast audience that is interested in your products/services.


Using Facebook ad manager you can create and run various campaigns not only on Facebook but also on Messenger, Instagram, and the audience network. Facebook ad manager allows you to reach your target audience depending on their location, age group, interests, and more. Using the ad manager dashboard you can easily track the performance of your campaign.


You can use Facebook to engage a wide range of audiences, increase your brand and business awareness, increase the reach of your product, drive traffic on your web pages, generate sales, and more.


If you are looking to learn more about Facebook advertising or Instagram advertising then make sure to check our blog on



Difference Between Facebook Ad Vs Google Ads


By now you might have a clear understanding of what Facebook ads are. And what are google ads? Next, we are going to highlight the basic difference between Facebook ads and google ads. Depending on various factors we have compiled the data and give the basic difference between Facebook ads and google ads.


1. Audience Size


Both the platforms Google and Facebook help businesses and brands to reach billions of their users. Facebook has more than 2.3 billion active users on the other hand google gets more than 5.8 billion searched every day. So from the numbers, you can easily recognize that both platforms have all the capabilities to help you reach your potential customers.


And there are also high chances that your potential customers might be using both platforms. Because Google is a leading search engine whereas Facebook is a leading social media platform. SO to determine which platform is best for your business you need to know whether your potential customers are active in these platforms or not?


You can also ask yourself whether your product is search-oriented or social? Because even if Google is getting more than 5 billion searches every day if your potential customers are not one among them then advertising on google ads will not offer any benefit in terms of revenue and ROI.


On the other hand, Facebook has helped many newly started businesses to make their product reach their potential customers. Both platforms can be used to reach a wide range of audiences. It’s just about which one is working best for business and product.


2. Cost & ROI


When it comes to deciding the best PPC platforms between Facebook and Google then cost always plays a major role. The average CPC on google ads ranges between $1 to $3 for the google search network and for the display network, the average CPC is considered to be $1. On the other hand, the average CPC in Facebook ads ranges between $0.45 to $3.77.


Remember the average CPC is very much dependent on the industry you are working in. For example, if your niche is into the legal industry then for running a google ad the average CPC is considered to be $6.75  whereas the Facebook ads have a lower average CPC of $1.32. Read more on

https://www.sfwpexperts.com/google-ads-vs-facebook-ads-which-is-best-for-businesses/



Contact Details:


213-277-9177


la@sfwpexperts.com


Web design Los Angeles


WordPress website design company

Tuesday, December 8, 2020

Facebook Advertising: How Much Facebook Advertising Cost

 


Facebook Advertising has become an important platform to connect brands and businesses with the target audience. But one of the most common questions that businesses and marketers come across when discussing Facebook advertising is: “How much Does Facebook advertising cost?”.


If you are someone looking to know how much does it cost to put an ad on Facebook? then you have landed on the right article where we are going to highlight every small detail about Facebook advertising cost.


Table of Content:


  • An Overview Of Facebook Advertising Cost
  • How much does Facebook advertising cost in 2020?
  • How does the Facebook Ads Auction Process work?
  • 7 Important Factors That Determine Facebook Advertising Cost
  • Some Of The Costly Facebook Advertising Mistakes To Avoid In 2020
  • Conclusion
  • Frequently Asked Questions


An Overview Of Facebook Advertising Cost


Understanding Facebook advertising cost can be a bit tricky but not difficult. Let’s understand the basics of Facebook advertising with an example, if you are planning to buy decorative items for the upcoming Christmas and have a budget of $100 then you will probably gonna make the purchase within your budget but how many items you are getting for $100 is another story.


The same goes with Facebook advertising cost, the advertisement cost will never cost you more than your budget. If you are planning to run Facebook ads with a budget of $20 then the ad will never cost you more than $20 but it depends on how long you are able to run the ad within your budget.


Putting it in simple words Facebook advertising cost is not limited to one factor. There are multiple factors taken into consideration while deciding the cost of the campaign like the industry you are working in, the location you are trying to target, and the objective. These factors play a major role in deciding how long you will be able to run the ad within the assigned budget.


So more than costing, advertisers should think about what it takes to create an optimized ad? And how business and marketing can leverage Facebook ads to deliver the best results within their budget.


To help get a better understanding of Facebook advertising, in this article we are going to highlight some of the important factors that determine Facebook advertising, Mistakes to avoid while advertising on Facebook, and how you optimize your Facebook ads.


How much does Facebook advertising cost in 2020?


Before we start highlighting some important factors that determine Facebook advertising let’s start with a brief idea about how much do face ads cost?  So the average cost of running Facebook ads for most of the industries is considered between $0.97 and $2.00 per click and $7.28 per 1000 impressions.


To get a better idea of how Facebook ads cost, let’s take a look at detailed studies mainly available by WordStream. According to a recent study by WordStream, the average CPC (cost per click) on a Facebook ad costs a minimum of $0.45 and goes up to $3.77.


Mainly industries like finance & insurance, consumer service, home improvement, employment & job training, and more have higher CPC. When it comes to CPA(Cost Per Acquisition) the average for all industries is considered $18.68.


The average cost per acquisition for Facebook ads for Home improvement is considered $44.66 and the auto sector comes second in the rank with an average of $43.84. By looking at the below you can easily recognize the minimum CPA to maximum CPA.


So by now, you might be familiar with the average costing involved in running ads. But it’s not necessary that your business will have to pay the exact same cost. There arFacebook e chances that you may come across higher or lower Facebook ad costs because of some important factors like ad placement, location, industry, target market, and more.


If you are starting to understand Facebook advertising costs then you can make use of the above graphs and numbers as the reference rather than the exact value. Below we are going to highlight some of the important factors that you can consider to know the Facebook ad cost. But before exploring those factors let’s take a look at how the Facebook ads auction process works.


How does the Facebook Ads Auction Process Work?


Understanding how Facebook ads auction work is important as it helps you to optimize your Facebook ads cost. Most of the market and advertisers think that the auction process is all about how much money the publisher is putting in but in reality, the Facebook ad auction is not won by high monetary bids.


Facebook always wants to offer the most relevant, important, and positive experience to its users. So the auction winner is not only dependent on the money but on the overall factor mainly the value created by the ad. That is the reason why before publishing any ad it’s recommended to optimize the ad and be more specific when it comes to targeting.


So by analyzing the below points Facebook determines the value created by a Facebook ad:


Bid:


The advertiser bid plays a crucial role as it helps Facebook to determine how interested you are in showcasing your ads to the target audience. Facebook offers two bidding options called the lowest cost and target cost. The lowest cost is more automated and allows Facebook to bid for you with a goal to achieve your desired result (at low cost). On the other hand, the target cost is more manual and directs Facebook to achieve the result at a set goal. Read more on

https://www.sfwpexperts.com/facebook-advertising-how-much-facebook-advertising-cost/


Contact Details:


213-277-9177

la@sfwpexperts.com


Web design Los Angeles


WordPress website design company


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