What Are Custom & Lookalike Audiences in Facebook Ads Manager and How To Use Them
What Are Lookalike Audiences?
To keep it simple (we are SocialMadeSimple, after all): Targeting a lookalike audience means you are reaching a new audience that is likely to be interested in your business based on data gathered from your best existing customers.
Some of the most common lookalike audience sources:
One of the main audience sources is a customer list with all existing customers. Although this most commonly includes their name, email, and phone number, Facebook allows you to select up to 15 options from matching criteria. Want to take it a step further? You can enter your customers’ lifetime value if known to you (meaning that you could target people similar to those who provide financial value to your business).
Creating a lookalike audience based on people who have visited your website was a more accurate targeting method before Apple’s iOS 14.5 update, but it is still one of the best ways to capture that low-hanging fruit! There’s more than one way you can utilize this audience. The slightly more vague approach consists of creating lookalike audiences who have similarities to those who have made a visit to your website and will likely be interested in your business. On the other hand, you can get a bit more specific and potentially increase your chances of reaching the right people. For example – you could create a custom audience based on the amount of time spent by people visiting your website, or as Facebook calls it: Visitors by Time Spent. This, and many other options for targeting web visitors, are great ways of increasing the chances that the person viewing your ad will have interest in what you have to offer.
An engagement audience refers to building a lookalike audience based on people who have engaged with content on your social profile. Although they may not be an existing customer, these are still people who have enough interest in your business to perform some form of interaction (like, comment, video view, etc.) with either an advertisement or social pages in general.
If targeting based on an audience of people who engaged with your business online doesn’t make the most sense for your business, then try creating a lookalike audience built from customers who have interacted with your business in one way or another offline. These interactions can be through ways such as in-store purchases (ideal for brick-and-mortar business), phone sales, or other offline channels.
Facebook Audience Testing
Learn how to create a system for testing your lookalike audiences on Facebook (in under 2 minutes!) with a sneak peek from one of SocialMadeSimple’s weekly team training sessions hosted by the Director of Client Services.
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