According to Facebook, "1.6 billion people worldwide are connected to a small business on Facebook." That's not referring to daily or monthly users, or even total accounts – it's just the accounts that actively follow a brand.
Facebook has a wild amount of advertising potential, and the tools, segmentation, and capabilities of Facebook ads are getting better every day. This is something that not enough businesses capitalize on. Facebook advertising should be a main component in every marketer's digital advertising strategy.The Most Common Ad Types
There are a quite a few options to choose from when creating a Facebook ad; different options will affect the buttons, format, and other features of your ad, and your ad type should be closely tied in with your ad goals (your objectives of Awareness, Consideration, or Conversions).
The following are some of the most common ad types we've seen utilized by businesses across all industries. Check out Summer's recap in the video above for a rundown of how these ads can benefit businesses and advertisers:
- Reach ads
- Traffic ads
- Engagement ads
- Video View ads
- Conversion ads
In addition to these ad types, several newer types are providing companies more engaging ways to reach and engage users, such as:
- App download/install ads (great for app developers and independent studios)
- Facebook event ads (for event signups on Facebook; not for events or signups outside of Facebook or the Facebook app)
- Visit/location ads (ideal for B2C and for generating local interest)
Traditional ad types are unlike boosted ads in their complexity. With the ad types mentioned in this post, you will be able highly segment your ads based on user demographics, education level, and even income! What this translates into is hyper-targeted content when it matters most – when you're paying for it.
When it comes to creating a Facebook ad, the most important factor to consider is your intent. What is your end goal for creating a Facebook ad, and what ad type aligns best with that objective? Once you've figured that out, Facebook makes it very simple to find and promote the right advertisement.