Black Friday - Cyber Monday can be overwhelming no matter how big or small your online store is. That’s why Klickly and Fera created a series of five simple, actionable checklists for you to use in order to maximize your BFCM sales.
In our first video of the series, we chat with Fera about how you can make the most of your ad spend during BFCM!
☝️ Ad spend trends from last year
☝️ Ad platforms for each industry/target market
☝️ How to lower your CPA
☝️ Things you can do in the next 24 hours to lower your ad spend
Don't forget to get your checklist after watching the video.
Stay tuned for the next video on 'Creating Trust and Urgency Online' on September 8.
Trends from yester-year
- Brands utilizing Big Data and A.I. more than ever
- Brands had to adhere to CCPA and GDPR privacy guidelines
- Building look-alike audiences early
- Advertise when retailers aren't advertising
- Ad spend and CPA’s increases over the holidays
- BFCM timelines are expanding — take action early to beat competition
Ad platforms for each industry/target market
Know your goal when deciding what ad platform to explore
Facebook & Instagram
- Instagram has a younger demographic and is great for promoting lifestyle, branding, and imagery
- Facebook's targeting is unrivaled allowing you to focus more on product and stretching your dollar
Google Shopping
- Great for merchants who need presence but don't have a deep pocket
- Google Shopping recently announced products can be listed on the Shopping tab for free — great for organic
- Great for products that don't necessarily have brand loyalty
- Make sure your have top notch product description and images
Klickly
- Working with DTC merchants looking to generate more traffic and sales
- Run by a data-driven, machine-learning algorithm leveraging the open web (25 million premium sites and destinations)
- Requires no upfront spend and merchants select own commission
- Focus your commission on different parts of the buyers' journey
- Additive solution to add “fuel to the fire” for other marketing channels
How to lower your CPA
Look-alike audiences
- Create look-alikes on highest value customers — keep in mind the 20-80 rule
- Utilize your email list within Facebook, Google, etc
- Separately, focus on the outliers and create more lookalikes based on those outliers
- Expand to new channels to begin refining your look-alikes
Creative
- Make sure your creative is not stale
- A/B test and make sure the creative leaves a positive reaction (lifestyle vs. product)
- Understand your audience and when to have video vs. pics
Performance marketing
- Offers a strategy that doesn't have a high upfront spend
- Success (and payment) are measured by your goals