£26 a customer is poor.
You should be averaging about £5 a lead or £10 a Conversion.
I've spent £3k total on my account and whilst I can't tell you how many customers exactly I've obtained its about 1000 leads so assume 500 customers.
to be fair it really comes down to the numbers so assumptions about your conversion rate isn't enough.
and assuming a 50% conversion rate is pretty incredible from this type of lead.
i;d be interested to really see what the numbers were if you do spend some time digging into them
also of course it comes down to the quality of the customer you're getting
we've all had the experience of canvassers getting lots of poor quality customers.
i find it hard to believe that a 50% conversion rate from facebook ads would be decent customers at the right price, expecting a regular service, etc etc etc
so what i would be interested to hear is the lifetime value of the customers you're getting from this marketing
i'd rather have a 10% conversion rate of quality customers than 50% conversion rate of messers and bad customers
but obv would be very interested to be convinced otherwise
Perhaps assume is the wrong word. It's an estimate, in fact it's an over estimate.
I know for a fact without looking my cost per lead is less than £5.
Heres my lifetime fb ads account data
As you can see there's £3290.52 spent
319 lead forms filled in
607 post comments
743 direct messages
That's over 1600 leads.
Not to mention the post shares and likes which will help organic growth of your page and may result in more customers down the line.
So its more like £2 a lead at most £3.
I'm not really bothered about trying to pin an exact number down because its low, that's all I need to know it's well under £5 a lead.
As for conversion rate, it's somewhat irrelevant because someone starting out will take on any thing at lower prices and wil have a much higher conversion rate than someone who is really high priced and very picky.
Generating leads has to be the main aim as conversion rate tells you nothing about the quality of your advert. The better an advert is and the more people respond the cheaper the cost will be. Conversion rate tells you how high your prices are or how good your sales pitch/sales funnel is.
All viktor is doing by trying to create an ad that picks up a certain type of customer is getting a poorer response to his ads which will lower the relevance score and hence driving up the cost per lead.
The more leads you can gain the more chance you have of re targeting them in the future.
But having said that it's given me food for thought because people like to pay for results so maybe I should sell already converted and booked in jobs rather than just leads.
But my only point I wanted to make is than fb ads used correctly should yield much better results than £26 a booked in job. Should be less than £10 imo.
Anyway I'll carry on