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FB Whale Method Worksheet
FB Whale Method Worksheet
| Welcome!
| Critical Components of
Successful Facebook Ads
Krill
http://gifs.com/gif/whale- method-pQlAJ2
The 3 Steps of the Whale Method
So let’s dive straight into the 3 steps of the Whale Method, so you
can start building kickass Facebook campaigns asap.
1.Portfolio
You’re going to build an ad “portfolio” to test against several audiences and
copy/language. Just like an investment portfolio where you have a
diversified group of investments, we’re going to create a diverse number of
ads with different headlines and images, and test those against a variety of
audiences. The goal here is to find the “language/market” fit.
2.Blue Chips
Blue chips are you’re best performing ads from your portfolio. The
performance will be determined by your ad objective. For example if you’re
running a campaign to drive traffic you’d want to select the campaigns with
the lowest cost per click. For a new lead acquisition campaign, you’d select
the ads with the lowest cost per lead. For sales campaign your blue chip
ads would be the lowest cost per sale.
3.Scaling
After you’ve discovered the best performing ads you know want to reach all
the prospects you possibly can with that ad. The goal of scaling is to reach
as many people in your target audience and convert them while
maintaining a positive return on you ROAS or ROI. For example, your test
campaign earned you 10 sales. Can you scale you campaign and convert
100 sales and still maintain a profit? Mastery of the art and science of
scaling can increase your sales by 10%, 100%, even 1000% or more.
The Critical Components of Successful
Facebook Ads
You just had a quick overview of the 3 steps for our Facebook
advertising strategy. I needed to provide you with the high-level overview
so you have a clear idea of where this is going. Before we dive into more
detail on the P.B.S steps, we need to cover the most important elements
of high-converting Facebook ads. I call these the C.I.A (this has nothing
to do with that C.I.A, it’s just an easy way to remember important
components of Facebook ads.
The three components of a Facebook ad are the copy, image, and audience.
According to a recent study, the attention span of an average person is 8
seconds, down from 12 seconds of person in 2000. On Facebook, and perhaps
you’ll agree the attention span is more like the blink of an eye.
This means we absolutely need to create the most compelling copy, images,
and responsive audiences we can to have the highest converting campaigns on
the internet.
1. Copy
The copy is the language in our ad that needs to grab your prospects
attention, and compel them to take a desired action (click, subscribe, buy,
etc.). You want your copy convey a transformation that your prospect desires.
”A good headline can be the difference between 1,000 people and 1,000,000
people reading” Eli Parser, founder of viral content site Upworthy. Yes, your
headline is critical to the success of your ad.
Facebook ads have 3 main places for copy called, post text, headline
and description.
The combination of the copy and imagery in your ad needs to show the
transformation your prospect desires. Plus, make their result seem as instant
and effortless to achieve as you can.
Legendary copywriter John Carlton calls this “selling with magic”. You see
the most appealing ads offer the easiest and fastest solution. For example, a
weight loss pill that you take and the next day you’ve dropped 35lbs and are
brimming with energy with absolutely zero side effects. That’s a magical
result! If you prospect is looking to lose weight that’s an incredibly appealing
offer.
Contrary to that is an ad that tells overweight people they can lose 35lbs over
the next three months if they remove carbs and sugar from their diet, plus
they need to go gym 5 times a week. This ad is the reality of what it takes to
drop the weight, but nobody wants to buy the hard solution.
The key insight here is that the closer you get to the magic solution with your
copy and images the more appealing it is to your prospects. And you’ll drive
better campaign results.
And the closer you get to the reality of the effort the fewer people your ad will
appeal to.
1. Copy
Here’s a diagram that illustrates how the more magic in your ad results in a
higher number of people it appeals to, and the closer to the reality results
in fewer people your ad will appeal to.
Almost
everybody
Number of
people ad
appeals to.
Almost
nobody
Reality Magic
1. Copy
Headlines
The headline is the ad for your ad. It is the first thing your prospect is
going to read. The purpose of your headline is to compel your prospect to
read the rest of your ad or take action (click, download, buy, etc.).
The more headlines you test and the more variety of appeals you test the
better your ad performance will be because you give Facebook more
opportunity to find a profitable campaign for you.
Let’s look a few different formulas of proven headline formulas that you
can use to create a high converting ad.
Examples
How To Lose 10lbs Without Diet or Exercise
How To Effectively Project Manage Without Long Confusing Email
Chains
Examples
Score Last Minute Tickets at Lowest Prices (App for a last minute tickets)
Our $5 Wines Are Better Than Most $50 Wines (headline for a wine
producer)
1. Copy
Headlines
Formula #3: [X] Ways to [Y]
Examples
5 Ways To Write High Converting Headlines
3 Ways To Lose 10lbs In One Week
2 Ways To Double Your New Trial Sign Ups For Your SaaS Business
Examples
Today Only When You Buy a Golf Driver Get Free Shipping Plus a Sleeve of
Callaway Golf Balls
Get Two Free Filet Mignon’s With Your Butcher Box Subscription
Formula #5: [Case Study] How [Company X] [Achieved Desired Result] With
[Your Product/Service]
Case studies are great at making your prospects curious because they reveal
how a company similar to them achieved the result and they provide credibility
to your product offer.
Examples
[Case Study] How This Ecommerce Company Generated an Extra $57,000 In
Monthly Sales With The Help of [Your Product/Service]
Post Text
The post text is the copy above the image. Compared to the headline
character limits the post text is near endless. You can write long detailed
messages in the post area.
You can use this to your advantage because as the say “the more you tell
the more you sell”. Use it support your headline and image with
additional copy that shows value and intrigues the viewer to engage with
your ad.
Here’s an ad by Slack
which was the fastest
company to a billion dollar
valuation.
Here’s an ad by Leesa an
online mattress company
increase the appeal in their ad
by using social proof. They
claim their mattresses are
“Loved by over a quarter of a
million happy sleepers and
counting. “
Description
Compared to the post text and headline the description is least important
copy of the Facebook ad. This is because the description text is usually
read last. That being said it can still be used to a final call-to-action, more
benefits, scarcity, etc. to push your prospects over the fence.
Description examples
Description
1. Copy continued
Description examples
People are visual creatures. We often believe what we see. With that in mind
(and from testing thousands of images) your images should be you or
someone doing what your customer desires. For example you’re a B2B sales
consultant teaching clients how to get close more deals. A great image for you
to test would be you speaking in front of an audience (social proof), or a
handshake closing a deal.
What I would want to steer away from are the generic graphics of your
companies logo or some generic image that doesn’t relate to your product.
Image example
Such as:
• Marketo
• Hubspot
• Salesforce
• Buzzsumo
Now that we now how to create a Facebook campaign with our ads
and audiences. So let’s look at the two different ways to run a
Facebook ad campaign.
The Two Ways to do Facebook
Advertising
I see it over and over again with a growth marketer’s first advertising
campaign. They spend all of their time trying to get every detail of the ad
perfect. They want to create their ads up to the standard of the commercials
they see television. So they obsess over every detail of the copy and image.
The result is 1-2 ads they think are perfect.
People often get far to specific when they first select their targeting. They’ll
select a few interests, then narrow it down by selecting something like
females aged 25-35, and own a SUV. While in theory this is a good idea, but it
does not work well on Facebook.
The Two Ways to do Facebook Advertising
Here the ad manager wants every person on Facebook to see their product
so they’ll chose a audience that is far to broad. For example, I’ve seen
audience targeting that was literally everybody on Facebook. The ad manager
had selected “Worldwide” as targeting. That resulted in 1 or 2 leads for over
$400 a lead. Yikes!
We want balanced targeting. Not too narrow and not too broad.
The Two Ways to do Facebook Advertising
Rather than tirelessly obsessing over the details of your ad, and the audience.
We’re going to let Facebook to the heavy lifting and let Facebook show you
the best audience and ads for your campaign.
Their algorithm uses all those data points to determine what posts to show
you. And it’s algorithm is creepily good predicting what content to show you
that you are most likely to engage with.
Read on to see how the P.B.S ad strategy leverages the Facebook algorithm
to give you the best results.
The P.B.S Strategy: Portfolio
Just like people have a diversified investment portfolio, we are going to create
a diversified portfolio of advertisements.
As I said earlier most beginners make only one or two ads, run the campaign
and then become discouraged by the lack of results. After, they give up on
Facebook advertising and miss huge opportunity for business growth.
For each ad we create we want the headline to have a unique appeal. For
example, two different appeals for an eCommerce product could be “FREE
Shipping” versus “”Take 10% OFF Your Next Order” (discount should be the
same overall value as the free shipping.
We are going to take those 16 ads then test them against the 4 different
audiences we mentioned before. If we total that up it’s 64 (16 ads X 4
audiences) different ad and audience combinations!
The P.B.S Strategy: Portfolio
Then if you really want to take it to the all-star level and have the absolute
best campaigns we can take the 16 ad variations and test them against more
audiences.
For example the 4 audiences we had fall into the category of B2B software.
We could also test them against B2B thought leaders, popular B2B websites,
anyone who has visited our website. If we added those three new audiences
we would be testing 256 different combinations. The more data we give
Facebook the better our campaigns will be.
You may be thinking, holy smokes how am I supposed to created and upload
64 let alone 256 different ads and still have time left in the day?
Well luckily there are tools that manage large scale ad campaigns which I will
teach in more advanced training.
If you’re just starting out and want to create a quick campaign start with
at 2 headlines, 2 images and 2 audiences.
But for now we need to move on the the second stage of the P.B.S. strategy.
The P.B.S Strategy: Blue Chips
This step is straightforward. After you have test your portfolio of ads you’ll
have lots of results. Some of the result will be good, some will be bad, and
others will be great.
You want to find your best performing ads. Your best performing ads are your
”blue chips” just like in the stock market your blue chips are the best
investments.
So at the end of the Blue Chip stage you will have turned off every losing
campaign and you’ll only have you’re winning campaigns running.
After the test run we’ve looked at the results and selected our blue chip ads
and turned off the losers.
Now, we want to scale our winning ads. The purpose of scaling is drive more
sales, leads, traffic, conversions etc. at profitable cost.
1. Vertical Scaling
2. Horizontal Scaling
Vertical scaling: Vertical is when you increase the budget of the ad set that
is performing the best, or duplicate it and add more budget in the duplicated
ad set.
This is named a volume test. A volume test answers the question, how many
leads or sales can we get while maintaining a positive ROI?
For example, we tested an ad campaign with a budget of $20 per day. At $20
per day we brought in 20 leads at $1 each. Because we can make profit with
a $1 cost per lead we want as many as leads for a dollar as we can get.
So we increase our daily budget to $100 to see if we can bring in 100 leads
for $1 each. This increased our leads to $1.50. That is too expensive so we’ll
have to lower the daily budget to find the daily that generates leads at a $1
The goal of scaling is to find the maximum number of leads we can generate
at a profit.
The P.B.S Strategy: Scaling
Now let’s move to horizontal scaling. A common problem advertisers
experience when they vertically scale is an sharp decline in ROI.
Horizontal scaling: Horizontal scaling is when you take your winning ad and
test it against new audiences. The audiences can be lookalike, interests,
behavior based etc. Once again the more new audiences you test, the better
chance you’ll find new winning campaigns.
What You Need to Do Now
Now that you’ve read this it’s time to take some action!
Right now create at least 2 different headlines and find 2 different images to
test against 2 different audiences.
Headlines
To start write down two headlines using the formulas provided in the guide, if
you’re feeling ambitious write down 4.
Post text
Write down post text that adds an extra benefit, intrigue, scarcity, or call-to-
action to increase the conversion power of your ad.
Description
Write down description that adds an extra benefit, intrigue, scarcity, or call-
to-action to increase the conversion power of your ad.
Image ideas
Come up with at least 2 image ideas for your idea that you can quickly
access or create. Again, if you’re feeling ambitious come up with 4.