Facebook Marketing Strategy: 7 Steps to Make Your Business Thrive

Facebook Marketing Strategy: 7 Steps to Make Your Business Thrive
Article by Jelena Relić
Last Updated: August 02, 2024

A well-crafted Facebook marketing strategy will help your business stand out in a crowded platform, enhance your online presence, and engage with a broad audience. With the right Facebook marketing tools and strategies, you can increase brand awareness and profitability.

In this article, we provide a comprehensive seven-step guide to help you develop a successful Facebook marketing strategy that drives results. We also outline important Facebook marketing tips and cutting-edge tools to take your strategy to another level.

What Is Facebook Marketing?

Many social media platforms have had popularity swings over the last decade, but Facebook has remained a constant in the digital landscape. Businesses of all types and sizes advertise on the platform, competing to capture the attention of their target audiences. With over three billion active monthly users, brand presence on Facebook is not optional — it is a fundamental starting point for any business.

Marketing on Facebook involves crafting valuable content for a targeted audience and utilizing advanced analytics to significantly boost your brand’s visibility and achieve your advertising goals. All you need is a Facebook page for your business, and you can begin your marketing efforts.

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How To Set Up Facebook for Your Business

Facebook Pages come with free business tools to kickstart your Facebook advertising strategy and boost your brand. Note that you need to have a personal Facebook account and various business details to create your page.

Setting up Facebook for your business is simple. Here’s how:

Facebook Pages come with free business tools to kickstart your Facebook advertising strategy and boost your brand. Note that you need to have a personal Facebook account and various business details to create your page. Setting up Facebook for your business is simple. Here’s how:
[Source: Facebook]
  1. Go to Facebook Pages and click Create New Page on the top left of the screen.
  2. Enter your business details: Page name, Category, and Bio, and click Create Page.
  3. Add your business’s contact information (website, email, address, and operating hours) and click Next.
  4. Customize your page with a profile picture, cover photo, and Action Button, then click Next.
  5. You can invite your friends to connect with your page and get notifications about your profile. Then, click Done.

Once you’ve set up your page, you can begin growing your audience.

5 Most Important Benefits of Facebook Marketing

Here are the most important benefits of deploying an effective Facebook marketing strategy:

1. Increase Brand Awareness

Improve brand visibility and awareness with effective Facebook advertising strategies. Your content can potentially reach thousands, and user interactions such as likes, shares, and comments can further expand your brand’s reach.

You can build communities on Facebook by joining or creating groups related to your niche. You can also drive traffic directly to your website via highly engaging content and paid ads on Facebook.

2. Leverage Facebook’s Advanced Targeting Tools

Facebook has highly advanced targeting capabilities, so you can reach your target audience based on specific interests, behaviors, and demographics.

With Facebook Audience Insights, you can access detailed breakdowns of people connected to your business page, including their age, gender, education level, location, hobbies, etc. This allows you to deliver valuable content and push ads that your audience is more likely to engage with.

3. Increase Conversions

Facebook stands to see over 64 million social commerce buyers in 2024. You can create your own digital storefront and make sales on the platform itself. Deliver a seamless purchasing experience on Facebook and your eCommerce website to increase conversions and customer loyalty.

You can also use dynamic ads to capture users who have previously interacted with your page and offer exclusive deals via Facebook ads to encourage immediate action.

4. Measure Performance

Facebook Page Insights and Ads Manager provide real-time data and analytics on your business page and ad campaigns. When you closely track important engagement metrics and know how audiences are responding to your posts, you can adjust your strategies to improve performance.

5. Engage New and Existing Audiences

Facebook provides many opportunities for businesses to engage existing audiences and capture the attention of new ones. Regularly posting valuable text, images, and video content on your page will give your followers reason to keep supporting your business and pique the curiosity of those unfamiliar with your offerings.

Sponsored posts and various ad formats can also lead to more fans and followers.

How To Implement a Facebook Marketing Strategy in 7 Steps

An effective Facebook marketing strategy enables businesses to harness the platform’s massive reach and properly leverage its targeting capabilities. With these steps, you can enhance your online presence and achieve your marketing goals:

Step #1: Determine Your Facebook Marketing Goals

Setting goals is the first step in developing a successful Facebook marketing strategy. To determine your goals, answer the following questions:

  • What do you want to achieve with your marketing efforts on Facebook?
  • Why do you want to attract more followers?
  • What do you want them to do?

The most frequent answer is driving more prospects and increasing sales. Businesses can also use the platform to boost awareness, position themselves as an expert in the industry, develop consistent branding, and enhance customer service.

Your goals should be SMART (Specific, Measurable, Attainable, Relevant, and Time-bound. For instance, instead of setting general goals like "I want to increase my Facebook followers," set a more precise SMART goal: "I want to increase my Facebook followers by 20% over the next six months. I’ll do it by posting engaging content, running targeted ads, and responding to comments on time." This is a precise and concrete example of a Facebook marketing strategy.

By setting SMART goals, you can create a roadmap for your Facebook marketing strategy and measure your progress along the way. This approach will help you stay focused and make informed decisions as you move forward.

Once you have determined your goals, you can move on to the next step of your Facebook marketing strategy: identifying your target audience.

Step #2: Identify Your Target Audience

This is critical in creating an effective Facebook marketing strategy. You need to know who your ideal customer is so that you can tailor content that resonates with their needs and interests.

To achieve this, create a customer persona or an image of your ideal customer. It should include the following information:

  • Age range
  • Gender
  • Location
  • Level of education
  • Job title and average income
  • Relationship status
  • Interests and pain points [within your industry, products, or services]
  • How and when they use Facebook

Demographic and lifestyle insights will ensure you create engaging content that meets your followers' needs. You can also attract new audiences that will likely become paying customers.

By understanding your target audience’s needs and interests, you can use targeting options to reach them more effectively. This can help increase the effectiveness of your Facebook marketing efforts and achieve a higher return on investment (ROI).

Additionally, audience data facilitates targeting for paid advertising campaigns.

Step #3: Define Your Unique Value Proposition

A unique value proposition (UVP) or a unique selling point will set you apart from your competitors and attract your target audience. Your UVP is a statement that clearly communicates the unique benefits that your product or service offers to your customers.

To define your UVP, start by identifying your competitive advantage:

  • What differentiates your product or service from others in your industry?
  • Why is your product or service better than competitors?
  • Why should customers purchase your product and not another similar one?

Your UVP could be any characteristic that benefits your customers and makes your business special:

  • Advanced features that solve customer pain points
  • Superior quality that makes your product long-lasting and durable
  • Lower prices that will save your customers money
  • Exceptional customer service that will solve any problem regarding the product

Once you’ve identified your competitive advantage, consider how it benefits your customers:

  • What problem does it solve?
  • What need does it fulfill?
  • How will it make their lives better?

Use this information to create a clear and compelling UVP that communicates your unique benefits to your target audience. Your UVP should be concise, memorable, and easy to understand. It should communicate the value you offer and a clear reason why customers should choose your product or service over others in the market.

Once you have defined your UVP, you can use it as the foundation for your Facebook marketing content and messaging.

Step #4: Develop a Facebook Content Strategy

A detailed Facebook content strategy and content calendar are essential to keep your Facebook marketing efforts organized and on track. Your content strategy has two aspects:

  • Knowing what content to post
  • Knowing the right times to post

Your content should align with your overall Facebook marketing goals and your UVP. Also, you should tailor it to your target audience's interests and needs, and it should inform, educate, or entertain them.

To develop a content strategy, brainstorm topics relevant to your business and target audience. Consider what types of content will resonate with potential customers, such as blog posts, videos, infographics, or user-generated content.

You can also follow some well-known content marketing rules:

  • The rule of thirds advises dividing content into three equal parts: ideas/stories, audience interaction, and promotion.
  • The 80/20 rule recommends making 80% of content informative or entertaining and only 20% promotional.

Next, consider the frequency and timing of posting your content: How often should you post to Facebook and when will your target audience most likely be online?

According to a study on 400,000 social profiles, these are the best times to post on Facebook:

  • Monday – 9 am to 12 nn
  • Tuesday – 9 am to 2 pm
  • Wednesday – 9 am to 3 pm
  • Thursday – 8 am to 2 pm
  • Friday – 9 to 11 am
  • Saturday – 8 to 11 am
  • Sunday – 9 to 11 am

A content calendar will help you plan and organize your content in advance, ensuring consistency for maximum engagement. You can prepare content and schedule your posts ahead of time. Make sure to align your posts with your Facebook marketing goals and maintain a constant flow of content that engages your audience.

Step #5: Engage Your Audience

Audience engagement is crucial for running a successful Facebook page; it helps build relationships and trust, boosts customer loyalty, and grows your business. Furthermore, Facebook's algorithm considers how engaged you are with your audience and rewards you accordingly. If you take a proactive approach, the visibility and reach of your posts will improve and will be more likely to appear in your followers' news feeds.

Responding to comments and messages on your Facebook page is a great way to interact with your audience. They will see that you care about their concerns and are prepared to go the extra mile to help them.

Another way to encourage engagement is by asking questions or soliciting feedback. This will help you build a community around your brand and create an interactive and engaging experience for your followers. Lastly, engaging with other relevant businesses in your niche is an excellent and free way to increase visibility and reach.

Step #6: Allocate a Budget

When setting a budget for your Facebook marketing strategy, it's important to consider your business objectives, target audience, and budget.

Facebook Ads operates on an auction-based system; advertisers bid on ad placements and target audiences. The following factors determine the cost of Facebook advertising:

  • Ad quality and relevance
  • Target audience
  • Ad placement (on different devices, on Facebook, Instagram, or within Facebook’s partner audience networks)
  • Ad optimization
  • Time of the year (advertising is more expensive during holidays and sales periods)

To determine your budget, start by defining your marketing objectives and estimating their cost. For example, if your goal is to increase website traffic, dedicate more of your budget to drive clicks to your website.

Consider the lifetime value of your customers and the ROI of your Facebook marketing efforts. By tracking ad performance and other metrics, you can make informed decisions about adjusting your budget and optimizing your advertising strategy.

In addition to advertising costs, you may also need to allocate a budget for creating high-quality content or other related expenses. If you’re new to social media marketing, consider hiring some of the top Facebook marketing agencies that will help you improve rankings, grow audience and engagement, and generate more leads.

Step #7: Analyze Results & Adjust Your Strategy Accordingly

Once you've implemented your Facebook marketing strategy and started running your campaigns, it is important to track predefined metrics, analyze results, and adjust your strategy if needed. This way, you will maximize the effectiveness of your campaigns and achieve better results.

Key metrics that will provide insights into your campaigns' performance include reach, engagement, click-through rates, conversion rates, and cost-per-acquisition.

Measuring and analyzing performance data will allow you to make data-driven decisions about where to allocate your budget, which types of content resonate best with your audience, and how to adjust your targeting and bidding strategy.

It's important to remember that Facebook's algorithm is constantly changing — what worked last month may produce lower results this month. By staying up to date with the latest Facebook trends and best practices, you can adjust your strategy to stay ahead of the curve.

4 Popular Facebook Marketing Examples That Worked

Many brands have leveraged Facebook to capture broad audiences and demonstrate their products. These examples used eye-catching visuals, compelling storytelling, and targeted advertising to reach their demographics and boost their overall branding:

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1. Samsung

Samsung
[Source: Samsung US on Facebook]

With 162 million likes and followers, Samsung US is one of the most popular and high-performing brands on Facebook. On this page, interested customers can find high-quality photos of Samsung's new product offerings and videos that demonstrate their most attractive features. The company’s product updates, launch announcements, customer stories, and live streams are highly engaging for tech enthusiasts worldwide.

Samsung also actively responds to customer inquiries on Facebook, providing solutions to emerging issues. The brand also maintains regional social media pages for localized promotions.

2. Qatar Airways

Qatar Airways
[Source: Qatar Airways on Facebook]

Qatar Airways is one of the world’s best airlines, and its presence on Facebook reflects the quality of service it provides to all passengers. The brand leverages Facebook Reels and Stories to showcase partnerships with the biggest sporting events and cultural initiatives worldwide (e.g., UEFA EURO 2024, Formula 1 races, etc.) High-quality photographs and videos show off the luxurious offerings within its fleet and the 170 destinations it caters to.

Air travel can be very challenging, so the company actively responds to all customer inquiries and complaints on the page. Responses are prompt, polite, and helpful.

3. GoPro

GoPro
[Source: GoPro on Facebook]

GoPro devices capture astounding footage, and the brand uses them very well on its social media platforms. The videos posted on its Facebook page are often submitted by users, showcasing real-life experiences captured by adventurous people using GoPro cameras. This collection of original, authentic content is very enticing to interested audiences and helps build a community of adventurers.

GoPro also regularly hosts challenges and contests, encouraging followers to submit their footage for a chance to win prizes. This further encourages content creation and increases overall engagement.

4. Netflix

Netflix
[Source: Netflix US on Facebook]

Netflix connects with its more than 100 million Facebook followers through promotional content about its TV shows and films. Trailers and behind-the-scenes clips keep its subscribers updated on new and popular options they can stream on the platform. Netflix also posts humorous memes and GIFs that often go viral, demonstrating that it keeps up with pop culture trends.

Localized Netflix Facebook pages post and share content relevant to each location, ensuring cultural resonance and high engagement with international audiences.

3 Best Facebook Marketing Tools To Use Today

The top Facebook marketing tools have robust features that can help you create, manage, and monitor Facebook campaigns to increase brand reach, boost audience engagement, and drive long-term growth. Leverage the following tools to maximize your impact on the platform:

1. Meta Business Suite

Meta Business Suite
[Source: Meta]

Meta Business Suite is an all-around management tool that can help you understand how your followers engage with your posts and improve your overall Facebook marketing strategy. You can use this tool for the following:

  • Track your Facebook business page and Instagram business profile.
  • View the results of your posts, stories, and ads on both platforms.
  • Access metrics, trends, and visual reports about your ad strategies.

2. Meta Ad Library

Meta Ad Library
[Source: Meta]

Use the Ad Library to search for all ads currently active on Meta. You can search for a specific advertiser and view all active ads and media (text, photos, videos) associated with each account. You can also access the following details about these ads:

  • Date of first appearance
  • Platforms they were shown (Facebook, Instagram, Messenger, Audience Network)
  • Information about the advertiser

You can also view these details in the Meta Ad Library Report:

  • Estimated amount spent during the selected week
  • Total number of ads
  • Top search terms
  • Top advertiser spend in each region

You can use these details to create and deploy effective Facebook ad strategies for your business.

3. Meta Pixel

Meta Pixel
[Source: Meta for Developers]

With Meta Pixel, you can add code to your website to track visitor behavior and interactions, assess the effectiveness of your ads, and deploy retargeting strategies to engage your audience. This JavaScript code collects the following data:

  • Pixel ID and Facebook Cookie
  • All page buttons clicked
  • Web browser and page location
  • Custom data events (conversion value, page type, etc.)

Facebook Marketing Strategy: Final Thoughts

A strong presence on Facebook and an effective marketing strategy are essential for successfully running businesses in the digital age. The platform provides an excellent opportunity to reach and engage with a vast audience.

By following the 7-step Facebook marketing strategy we've discussed, you can create a comprehensive plan that helps you achieve your marketing goals. From setting clear objectives and identifying your target audience to analyzing your results, each step is critical for achieving success in the competitive digital landscape.

Remember that Facebook algorithms constantly evolve, so staying up to date with the latest trends and best practices is essential. If you need assistance in this area, get in touch with the top social media marketing agencies. They will create a personalized strategy based on your business needs and assist you in getting the results you want.

Facebook Marketing Strategy FAQs

1. Why is Facebook the best social media platform for marketing?

There are several reasons why Facebook is the best social media marketing platform:

  • With over 3 billion monthly active users, Facebook has the largest user base and the best reach and engagement potential.
  • Users spend an average of 33 minutes scrolling Facebook daily, making it a social media platform with the most time spent daily.
  • Facebook provides various targeting options that increase your chances of delivering content to the desired audience and engaging them.
  • Facebook offers various ad formats to meet different marketing objectives: raising awareness, increasing traffic and engagement, generating leads, promoting apps, and growing sales.
  • Facebook provides powerful analytics tools that allow businesses to track and measure the performance of their campaigns, optimize ads for better results, and make data-driven decisions.

2. Who is Facebook's target audience?

Men between 25 and 34 years old are Facebook’s largest audience (17.6%), while the second largest audience is men between 18 and 24 years old (12.6%).

3. How can Facebook be used as an effective marketing tool?

Post high-quality, valuable, and relevant content on your business’s Facebook page to engage your followers and increase brand awareness. You can also deploy paid ad campaigns for highly specific audience segments to spread the word about your brand and its offerings.

4. When is the right time to start marketing on Facebook?

You can begin marketing on Facebook once you’ve created a page for your business. Make sure to outline SMART (specific, measurable, achievable, realistic, and time-bound) marketing goals and identify your target audience. Post quality content to build a following and deploy effective Facebook marketing strategies to further grow your page.

5. How much does Facebook marketing cost?

You can spend as little as $5 or as much as $500,000 or more on Facebook marketing. It depends on your marketing goals, target audience, and the competitiveness of your niche.

The median cost-per-click for Facebook ads was $0.40 in 2023 while the median amount spent across industries was $1,691.08. You can optimize your spending by refining audience targets, improving quality, and thoroughly testing ad options. You can also set spending limits on your campaigns and accounts to manage your budget.

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Jelena Relić
Content Specialist
Jelena Relić has hundreds of top-ranking articles and a lifestyle & culture magazine she calls The MAN. She gained valuable content and SEO experience working at Digital Circle and Neil Sahota, which she now uses to deliver top-quality B2B content at DesignRush, particularly in the creative industry.
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