August 05 2021
Social media is a necessity when it comes to real estate agents' marketing and advertising. There are endless opportunities for agents to promote their business, from posting videos of homes that are for sale or to even sharing important tips for helping buyers complete their purchase. With opportunities like these, there is one tool that every agent should use to make the best out of their social media advertising – Facebook Ads.
Facebook Ads are a great way to get more exposure for your business. Facebook consultant and Houston Association of Realtors® CE educator, Tristen Sutton, joined us for a Secrets of Top Selling Agents webinars. He demonstrated the ins-and-outs of using Facebook Ads for your real estate business.
A Facebook Ad is exactly what it sounds like – it is an ad that is placed on the Facebook platform. However, there is so much more to Facebook advertising. Facebook Ads can be broadcast across Instagram and LinkedIn as well. If you have a limited marketing budget, you want to go where the most users are. There are over 1.7 billion people who login to Facebook each day. Sutton's tip: those 1.7 billion are your audience and you should use Facebook Ads to market to them.
Facebook Ads can help you to expand your audience to a group that is outside of your usual circle on social media. That large pool of active Facebook users can ensure you are getting leads and making conversions to make your business as successful as possible. Most people go online to get the things they want, so make the best of Facebook Ads and target those people on Facebook.
In the past, when you created a post on Facebook, you would generate leads. However, that is not the case anymore. Normal Facebook business posts are being suppressed, which means that your content is not getting the exposure it used to. Now, Facebook prefers Facebook Ads when it comes to getting exposure on the platform.
Using Facebook Ads to increase your brand awareness or drive visitors to an open house (or virtual open house) will get you the results you are looking for, explains Sutton. Say you have 1,000 followers on your profile; when you post a generic post, the 1,000 followers that you have are the only people who will see your content unless they share the post, tag someone on the post, or someone searches for that specific post. With a paid Facebook Ad, you expand your reach and increase the chance for more traffic to visit your website or profile, which in turn increases your opportunities to make a sale. When you pay to play, you target specific audiences that you are interested in, such as "luxury real estate" or "foreclosures." Yes, they are two different audiences, but you can target them specifically to the type of business you conduct. Not only can you increase your reach, but you can also increase your engagement.
You have to play it smart when it comes to Facebook Ads. You can run as many ads as you like, but you have to know which types of ads to create. Sutton outlines four different types of ads that you should be running.
Sutton also shares some tips for creating a Facebook Ad. Below, you can find step-by-step instructions for creating an ad.
Keep in mind that Facebook does require about 24 hours to approve a Facebook Ad. If your ad doesn't get approved right away, that's okay. Facebook will audit your ad to make sure everything is right, and will get your ad up and running. Sutton suggests that if you are running an ad for a specific event or offering, give yourself 10 days of time to run your ad so you can get the most out of your ad spend.
Running a Facebook Ad can be fun and exciting, but can also be a little challenging. Make sure to stop by the Secrets of Top Selling Agents Facebook Group to watch the recording of Tristen Sutton's webinar here. Or, to check out the Facebook Live recap, click here.
To view the original article, visit the Homes.com blog.