December 3, 2021
CEO & Chief Strategiest at Behind the Design
If you’ve ever scrolled through Instagram long enough, you’ll realize that about every 5 posts from people you follow, there will be one “Sponsored” post. Care to guess what this “Sponsored” post means, and why it happens to be about Joanna Gaines’ latest book on spaces you’ll never want to leave? Gosh, it’s like they know exactly what you like! Almost like… you’re part of their target audience.
If you guessed advertising on social media, then you my friend are correct. Back in the early 2000s, social media was even more organic than any natural wood finish you can think of. It wasn’t until about 2006 that Facebook announced its first ad deal with JP Morgan Chase to promote Chase credit cards. Fast forward a couple of years after that, and now every social platform you can think of like Twitter, YouTube, Instagram, Pinterest, and even Snapchat had the capability to monetize their platforms with display advertising.
Simply put, social media platforms provide a higher level of targeted advertising and insight than any other form of traditional media. To help you understand this phenomenon a bit better, let’s compare a television commercial vs. an Instagram ad.
For starters, as soon as you sign up for an Instagram account, the platform now has your name, what you like based on the accounts you follow and engage with, who you know, and even where you live thanks to you tagging your own location, or more accurately, your IP address. This bit of information lets marketers or interior designers looking to expand their leads, know exactly who they want to target, and even people they want to exclude. A TV commercial on the other hand, not so targeted. And yes, they have a general idea of what kind of person watches what kind of channels, but let’s be real, great marketing never became great from general ideas.
So not only is social media advertising incredibly accurate and a great tool to help you find new clients if you can get it right, but it also has no barriers to entry.
According to Investopedia’s definition, barriers to entry is an economics and business term describing factors that can prevent or impede newcomers into a market or industry sector, and so limit competition. These can include high start-up costs, regulatory hurdles, or other obstacles that prevent new competitors from easily entering a business sector. Barriers to entry benefit existing firms because they protect their market share and ability to generate revenues and profits.
Out of curiosity, have you ever searched how much it costs to run a commercial on TV? Or even the Super Bowl. You honestly, might not even want to know. But for the sake of my argument, here are some numbers:
In 2021, CBS opened the bidding for a 30-second commercial spot for the Super Bowl at *drumroll please* $5.6 million! How considerate of them!
I don’t know about you but even 10% of that is way out of my advertising budget, and that’s the beauty of advertising on social media. The lowest ad you can run on Instagram is literally a dollar a day. Now I’m not saying you should only invest a dollar a day, but the option is nice.
It is much easier to enter and succeed in a market filled with tons of other interior designers if you can bypass the organic approach on social media and go straight to a much larger pool of people within your target audience by running advertisements, without breaking the bank like you would with traditional media.
I hope that by now you’re beginning to understand why advertising on social media is such a powerful way for any struggling interior designer to generate more business.
The first step when setting your social media budget is setting up your budget for all your marketing efforts, not just social media. This includes email marketing, SEO, content marketing, etc. Once you’ve determined this, you can decide what percentage of that total budget you are going to allocate towards social media ads.
The first step when targeting your audience is to know who your target audience is!
It’s important you figure out who you want to reach, and how you want to reach those people before you start spending any type of money on social media advertising.
I suggest you run some tests before deciding what type of content you want to promote on social media. A good way to do this is by running some A/B tests on your social media accounts.
A/B testing, also known as split testing, is a marketing experiment wherein you split your audience to test a number of variations of a campaign and determine which performs better. In other words, you can show version A of a piece of marketing content to one half of your audience, and version B to another (definition by Hubspot).
Given that on social media you can’t split your audience like you would be able to in email marketing, for instance, you can still do a variation of this experiment.
Here’s an example: Let’s say that I want to promote my SketchUp Pro training. So, in the same month, I’ll create four different content materials for the same product and release each variation once a week on the same day. At the end of the month, I’ll go into my analytics and see which content type performed the best. With this new information, I now have a better idea of the type of content that resonates stronger with my current audience that will also most likely be similar to the future audience I will be targeting.
What you decide to offer will mainly depend on the end goal you are trying to achieve. If you want to raise your Brand Awareness (the extent to which consumers are familiar with the distinctive qualities or image of a particular brand of goods or services – definition by Oxford) for example, then your ad campaign is going to look very different from a campaign where the end goal is to make a sale on a product.
Regardless of what your goal is with your advertising campaigns, you want to try to be as creative and captivating as possible. Out of the box, high-quality content in your social media advertising efforts is a win-win for everyone involved.
Successful advertising campaigns take lots of testing and perseverance. Not every campaign you advertise will be a winner so it’s important to keep track of your efforts and set realistic expectations.
Make sure you are:
“Nobody counts the number of ads you run; they just remember the impression you make.”
– Bill Bernbach
Jacqueline Green is the driving force behind Behind the Design, a company dedicated to helping interior designers, architects, and creative entrepreneurs thrive through education, training, and marketing services. As founder, CEO, and Chief Strategist, she combines education, coaching, and marketing to empower business owners to achieve their goals. Her leadership is transforming how creative professionals build successful businesses, creating a community of empowered entrepreneurs.