In today's episode, Amanda C Watts delves into the nuanced world of Facebook advertising, particularly for those aiming to expand their email list and secure high-value advisory clients.
Amanda shares insights from her extensive experience since 2015, balancing the highs of lucrative campaigns with the lows of financial losses. Amanda emphasizes that while Facebook advertising has evolved significantly, making it tougher and more expensive to achieve instant results, it's not impossible with the right approach.
Key Takeaways:
- Facebook advertising can be more high risk when outsourcing: If you proceed to working with an ad agency without establishing foundational elements first, you are mnaking yourself vulnerable to higher costs, longer waits for results, and potentially no gains at all.
- Amanda outlines five foundational requirements for successful Facebook advertising:
- Finances: Committing to Facebook advertising demands a robust budget for extensive testing and iteration without expecting immediate returns.
- Validated Offer: Before venturing into advertising, ensure your advisory service is tried, tested, and truly valuable to your prospects.
- Price Point: Your services should be priced to not only cover advertising costs but also ensure profitability, ideally selling offers above $3,500.
- Sales System: A strong sales conversion rate (50% or more) is crucial to capitalize on the leads generated through advertising.
- Valuable Content: Supporting your advertising efforts with organic, valuable content is vital for building trust and rapport with potential clients.
- Facebook advertising can be a powerful tool for business growth: However it's essential to have the right foundations in place to avoid unnecessary financial strain and maximize your chances of success.
Before you move forward with any type of paid advertising be sure to assess your firms readiness, and consider reaching out to the Business Advisor Academy for guidance on creating, selling, and delivering high-value business advisory offerings.
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