Guide to Facebook’s Lead Generation Ads: What Can They Do for Your Business?

September 11th, 2018 by Teri Murphy

You’ve probably heard this a million times by now, at least a couple thousand from us—if you aren’t on Facebook, then you’re doing your digital marketing all wrong. There are more than 2 billion people around the world who actively use Facebook monthly, and on average those people spend about 35 minutes a day swiping through their feeds and engaging with content from friends, family, and brands.

Not only is Facebook’s audience large and engaged, Facebook offers an advertising tool that makes it easy for you to create advertising campaigns at a fraction of the price of traditional ad types. Our client Audubon Nature Institute generated $10,100 in total revenue while only investing $1,080 in ad spend on a Facebook Display campaign!

What Are Facebook Lead Ads?

Facebook Lead Ads are a type of Facebook ad that allows advertisers to collect information from prospective customers directly from the platform. Before Lead Ads, you would have to guide users to a landing page on your website to leave their contact information.

Facebook has made it simple for you to create ad campaigns in a few taps and for potential customers to contact you with ease. Users simply tap your ad and their information is sent directly to you.

Why Facebook Lead Generation Ads?

• Facebook forms are made for mobile and allow users to submit their contact information in a flash
• Because there is no need to click through to a landing page, there is potential for more conversions and less drop offs
• You can reach your target customer where they are with Facebook’s countless targeting options
• The Lead Generation forms are customizable, allowing you to build a form to ask the right questions
• It’s easy to connect your CRM to Facebook to get your leads immediately and take action sooner
• You can use Facebook Lead Generation Ads for quote and demo requests, sign-ups for your newsletter, event registration, access to gated content, and more
• Many businesses and brands large and small have seen significant increases in lead generation and a reduction in cost per lead
• Facebook advertising is cheaper than traditional ad types and can build more brand awareness
• It saves you time

Where Will My Leads Go?

All of the leads you collect by way of your Facebook Lead Generation campaign will be stored on Facebook and can be downloaded to a CSV file. To download your leads, visit your Facebook page and click “Publishing Tools,” and you’ll see “Forms Library” under the “Leads Ads Forms” label.

Pro Tip! Facebook also connects to popular CRMs like HubSpot and SugarCRM, enabling you to automate the process of pushing leads directly to your sales team. If you don’t take this step, you’ll have to download a CSV file regularly to see and take action on your new leads.

Creating Your First Lead Generation Ad

Before you begin building your campaign, you’ll need to make sure you have a Facebook Page for your business or brand. Building your campaign starts with visiting Facebook Ads Manager via business.facebook.com or accessing the drop-down menu on the top left of your screen. If you’ve never run ads before, you will need to create a Facebook Ads Manager account. You will be asked to link your business’s Facebook and Instagram page to your Facebook Ads Manager account.

Building a campaign is simple and can be done in a few steps.

1. Choosing Your Campaign Type

Once you’re all set up and ready to go, you’ll want to create a new campaign and select “Lead generation” under the “Consideration” marketing objectives. You’ll want to give your campaign a relevant name and click “Continue.”

2. Choosing Your Custom Audience & Budget

Move forward with setting up your ad account, creating your custom audience, and setting your budgets. But don’t worry! Facebook offers optimization tools to help you adjust your budget and targeting after the campaign is launched, and they are always adjustable. Facebook offers several targeting options, including targeting by demographics like location, age, gender, and language. You can also target by other demographics, interests, and behaviors like education levels, if someone is interested in yoga, and behaviors like how they utilize Facebook. You also have the option to build an audience from a lookalike version of your current customers and website visitors.

3. Creating Your Ad

After you have your custom audience and have set your budgets, you’re ready to create your ad. You’ll verify the pages you want your ads to be represented by and select your ad format. There are several ad formats to choose from. Carousel and video have been the most successful ad types in our experience. You’ll add in your ad text, display link, headline, news feed description, and a call to action.

4. Creating Your Lead Generation Form

Finally, the last step before you launch your campaign will be to create your lead generation form. Here you’ll introduce the product or service you’re promoting, add the questions you’d like to ask your audience, insert your privacy policy (it is mandatory to have one), and build your “Thank You” screen. Be sure to give your form a descriptive name so that you can identify it later when you need to download your leads.

5. Publishing Your Campaign and Launching

Congrats! You’ve launched your Lead Generation campaign. This is the part where you celebrate and wait for the leads to come pouring in.

You’ll want to monitor your ad’s performance by testing and checking on it regularly! Try changing out your ad copy and graphics, or trying different targeting options—narrow your targeting if you find you’re reaching too broad of an audience and thus receiving unqualified leads. You could also update your form to ask more specific questions.

Here at Search Influence, we’re invested in helping our clients grow their businesses through dynamic marketing strategies that drive qualified leads. If you’re interested in utilizing Facebook to bolster your lead acquisition efforts, request your marketing analysis today to get started.