Facebook Marketing Strategy: 7 Steps That Will Make Your Business Thrive

Social Media Marketing
Facebook Marketing Strategy: 7 Steps That Will Make Your Business Thrive
Article by Jelena Relić
Last Updated: August 27, 2023

Over the last decade, many social media platforms have had popularity swings, but Facebook has remained a constant in the digital landscape. With 2.95 billion active monthly users, presence on Facebook is not optional — it is a fundamental starting point for any marketing effort.

However, with so many users and so much content, it's challenging to stand out and effectively engage with your target audience. That's where a well-crafted Facebook marketing strategy comes in.

This article provides a comprehensive 7-step guide to help you develop a successful Facebook marketing strategy for business that drives results.

Let's dive in!

Step #1: Determine Your 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 to drive more prospects and increase sales, aka interest and motivate customers to purchase more. Some other possible goals of Facebook marketing efforts include raising brand awareness, positioning as an expert in your industry, developing consistent branding and enhancing 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 Facebook marketing strategy example.

By setting SMART goals, you can create a roadmap for your Facebook marketing strategy and measure your progress along the way. It will also help you stay focused and make informed decisions about your strategy 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.

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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 identify your target audience, create a customer persona — an image of your ideal customer.

Customer persona should contain 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 are they using Facebook

You can gather this information using Facebook Audience Insights.

It provides information about people who already follow your page and the rest of Facebook users. Demographic and lifestyle insights will allow you to create engaging content that meets your followers' needs and lets you easily attract new audiences similar to your current ones.

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

Additionally, target audience data will facilitate ad targeting within 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
  • However, it is equally important to know what UVP is not. Slogans, lists of features or any statements related to the brand that don't communicate the specific benefits your product or service offers your customers are not UVP.

Once you have 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.

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Step #4: Develop a Content Strategy & Create a Content Calendar

Having a content strategy and a content calendar is 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 when to post

The content you post 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 your audience, 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, think about the frequency and timing of posting your content — how often should you post to Facebook and when your target audience will most likely be online?

According to a study on 30.000 social media posts, these are the best times to post on Facebook:

  • Monday - from 6 a.m. to 4 p.m. EST.
  • Tuesday - from 7 a.m. to 4 p.m. EST.
  • Wednesday - from 7 a.m. to 4 p.m. EST.
  • Thursday - from 6 a.m. to 4 p.m. EST.
  • Friday - from 7 a.m. to 4 p.m. EST.
  • Saturday - 8 a.m. or from 10 to 3 p.m. EST.
  • Sunday - from 11 a.m. to 4 p.m. EST.

A content calendar will help you plan and organize your content in advance, ensuring a consistent brand presence among your audience. You can schedule your posts ahead of time, align your content with your Facebook marketing goals and maintain a constant flow of content that engages your audience.

Step #5: Engage With Your Audience

Audience engagement is crucial for running a successful Facebook page; it helps build relationships or 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 — they will be more likely to appear in your followers' news feeds.

Following up on comments and messages on your Facebook page is one method to interact with your audience. Your audience will see that you care about their issues and that you are prepared to go the extra mile to help them if you respond quickly.

Another way to encourage your followers to interact is by asking questions or feedback (and responding). This method will boost engagement and help you build a community around your brand. You will also create a more interactive and engaging experience for your followers.

Lastly, engaging with other relevant businesses in your niche is an excellent and free way to increase your visibility and reach.

Step #6: Allocate a Budget

When setting a budget for your Facebook marketing, it's important to consider your business objectives, target audience and the cost of advertising on Facebook.

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 ROI, 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

Remember how setting SMART goals was the first step of our Facebook marketing strategy? "M" in SMART stands for measurable and the last step is measuring marketing efforts' results.

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

Some 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 results 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.

Facebook Marketing Strategy: Final Thoughts

A strong presence on Facebook and an effective marketing strategy are essential tips for successfully running businesses in the digital age. With almost 3 billion active users, Facebook 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 the needs of your business 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 almost 3 billion 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 displaying your content to the desired audience and engaging them.
  • Facebook offers various ad formats for 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?

Facebook has 2.95 billion active monthly users. Men between 25 and 34 years old are Facebook’s largest audience (17.6%), while the second largest audience are men between 18 and 24 years old (12.6%).

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