How I Got 230 “High Ticket” Leads (Exactly) in 30 days, during COVID-19 using Facebook.
On February 18, 2020, I took on a private college as a client. Anyways, they were getting 3-4 leads on Google Adwords at $60 to $200 a pop, with a $12,000 monthly budget (Maintenance fee + Ad spend).
All this ad spend on just one marketing channel. Not bad for someone who’s cheapest program is at $6000 CAD and the maximum at $45,000 CAD.
Although they were getting leads through word of mouth, direct marketing and of course referrals, the audience they really wanted to go after was hanging out on Facebook and even more so on Instagram.
The 18-30 audience.
In some cases, even younger (For their teen acting courses). So they wanted to get on these two massive online platforms where they never ran had any success before.
In fact, several spectacular failures. Well this was until I showed up . . . (Rocking my Matrix outfit of course).
✅ 250 Leads in just 30 days.
✅ CPL (Cost per lead) dropped from $60 to $200 on Google Adwords. To an average of $8 – $15. Sometimes even $3.43.
✅ Plus the lead quality is way better (Younger targeted audience). What the college was looking for.
All with a monthly spend (Ad fees) of $4500 or $120 – $150 a day.
The timing couldn’t have been perfect because this was during the early days of Covid-19.
When it was still in Asia but creeping in pretty fast. In fact, right after we got everything setup and the leads started pouring in, they had to shut down to implement Covid protocols.
Like pretty much any business in Vancouver.
How was this achieved:
I simply followed my 3 step system.
- Find the winning ad (Most clicks at the least CPC).
- Test different ways to get this traffic to convert.
- Use Lookalike audiences to drop CPCs dramatically.
Step 1: Find the winning ad
For the first 31 days (Until March 12th, when we got our first lead), it was all about testing. No leads here. Just testing to see which ad will bring us the lowest cost per click.
The test lasted for 31 days and it costs us $534.74 cents. Our initial cost per click went up to $8 bucks a click! Until it dropped down to $0.73 cents.
Most people quit Facebook when the costs go this high. What you need to realize is Facebook actually wants you to stick it out. It’s called the Facebook’s Learning Phase.
Testing is very important and expect to put money aside for this.
This is the barrier to entry for Facebook and that’s why a lot of people don’t do it. They are afraid to lose money.
I solely focused on Facebook first. One marketing channel at a time. Goal was to figure Facebook out first, then get into Instagram.
Here I wanted to see what kind of ad would give us the lowest cost per click. We started with about $8 bucks a click (Yikes!) and dropped to $0.72 a click (Nice!). It all started with picking the right images.
Since they already had high-quality images, it wasn’t hard to pick them. Quality images can make a big difference. No doubt about that. What I spent time on testing was our ad copy. We tried short copy, medium copy and then long copy.
In our case, long copy worked. Once I noticed that our clicks (CPCs or cost per click) were hovering around the $0.72 mark, I knew we found our winning ad template. From 8 bucks to 0.72 cents a click All done in a period of 32 days followed by our first lead.
TAKEAWAY: Test all variations of your copy.
In some industries, short copy works the best. for others, long, etc. Copy testing is essential if you want the lowest CPC. For images, make sure they are of high quality and relevant to your market.
After all, it’s the images that grab the attention, and the copy leads to taking action. Both are super important.
Step 2: Convert That Traffic
So we got our winning ad with a super low cost per click. Now, all we had to do was use the same landing pages that were being used for Google Adwords and enjoy our new targeted leads right? Big mistake.
This was a spectacular failure. Landing pages that were converting on Google Adwords, were bombing on Facebook.
FB traffic doesn’t take action (At least in this industry) unless there is a significant amount of trust.
You have to understand FB traffic is not like Google. There is ZERO intent behind traffic on FB vs on GOOGLE. On Google, the user types in their ‘intent’.
On Facebook, they are just browsing and hanging out. That’s why great copy is required to get Facebook’s traffic to take action. However, that’s not enough.
Since Facebook traffic doesn’t have a strong intent behind them, they won’t give your their personal information unless they fully trust you.
This is where we tried several landing pages but with no luck. Eventually, we figured out what works. Then the leads literally started coming in like clockwork.
Our first leads started coming – March 13th. Lucky Number 13th 🙂
After running our ads, further tweaking the copy and bringing the CPL down to $3 bucks to $35 vs $60 to $200, we decided to now get into Instagram.
Here we had to test different images out and started getting leads the same day.
Step 3: Lookalike Audience
Then I created lookalike audiences of current and past sales and literally created a super targeted ‘Leads on Tap’ system.
The Lookalike audience is another great feature on Facebook.
Once you have some basic information on who your buyers are, you can give that profile to Facebook and their algorithm goes to to find those people on their massive network. It’s really amazing.
We also update our lookalike lists regularly so we keep feeding Facebook’s algorithm exactly what we need.
Once you start making sales on Facebook, the scaling part is easy. All you have to do is add more $$ and keep updating your your lists.
If it wasn’t for this system, who knows what would have happened. To get targeted leads even during Covid-19 time literally saved this business.
The best part for me was when members from our team (Talent coaches, etc) would drop by in shock and say things like “Where are you finding these people?” or “I can’t believe people are still coming in”.