Facebook Lookalike Audiences aren’t new. But an update was just made that could make them more effective — or at least much easier to use.
Let’s take a closer look…
What Are Lookalike Audiences?
Lookalike Audiences allow advertisers to create an This is the group of people who can potentially see your ads. You help influence this by adjusting age, gender, location, detailed targeting (interests and behaviors), custom audiences, and more. More of people similar to those already connected to their brand. For example…
Let’s say that you have an email list of the people who bought from you during the past year. You create a Custom Audience out of that list, resulting in 2,000 people you can target with Facebook ads.
That’s great, but you’re pretty limited with 2,000 people. Lookalikes help you leverage that group of people.
When creating a Lookalike audiences allow advertisers to reach people who are similar to an audience of people already close to you. Lookalike audiences are based on custom Audiences, which tend to include your current customers or people who have engaged with your business. More based on the original source audience of those who bought from you, Facebook looks at the similarities between those in the original audience. They then search out others in the Facebook universe who are similar to those people.
The result: A much larger group of people to target who may not know your brand, but who may have similar interests. This essentially automates the process of selecting interests to target — an often confusing and overwhelming endeavor.
The Problem With Old Lookalike Audiences
Lookalike Audiences are a good top-of-the-funnel targeting option, particularly for advertisers with small built-in audiences. But until now, the creation of Lookalike Audiences has been a painstaking and annoying process.
The reason for this is that Facebook limited you to creating a Lookalike Audience for one country at a time. So if you wanted to target people similar to those who bought from you in the United States, Australia, Canada, United Kingdom and Spain, you’d need to create those five individual audiences and combine them in your targeting.
That’s messy. It took longer. And you ended up with way too many audiences.
This also led advertisers to focusing only on a few countries rather than checking off a longer list of 10-20 or more.
Update to Lookalike Audiences
Thankfully, Facebook made a long-awaited update to Lookalike Audiences. Let’s go through that new process.
First, go to your Audiences page in your Ads Manager and click to create an audience. Then select “Lookalike Audience.”
Select a source audience to model the Lookalike Audience on. This is typically a Custom Audience of some sort or a Facebook page audience.
Nothing new yet. Until now…
Recall that previously you could only select one country per Lookalike Audience. Annoying. But now there’s a “Browse” link at the far right which brings up menus for countries and regions.
Expand “Countries” and a beautiful thing happens: Groups of countries appear.
So you can create a Lookalike Audience for all countries within these groups, for example:
- Central America
- North America
- South America
You could select one or multiple groups to create a Lookalike Audience that includes all of the countries within them. Or you can expand those groups to pick and choose which countries you want to include…
Or you could expand “Regions” to get options for free trade areas, app store regions, and emerging markets.
Free trade areas groups countries into the following:
- European Economic Area (EEA)
- North American Free Trade Agreement
- ASEAN Free Trade Area
- Gulf Cooperation Council
- Asia-Pacific Economic Cooperation
- Commonwealth of Independent States Free Trade Area
Hover over any of the groups to see which countries are within them.
App store regions could be a great opportunity for anyone looking to promote their app. Choose from iTunes App Store Countries, Android Paid Store Countries, or Android Free Store Countries.
The final option is emerging markets, which could be a source of cheaper clicks.
Note that another recent Facebook change makes this all possible: There is no longer a minimum number of people required in a source country to create a Lookalike Audience based on it.
In other words, you could have 100% of your source audience in the United States, but you could still create a Lookalike Audience in Australia, Spain or Cambodia.
As I’ve said many times before, I would never recommend you target Lookalike Audiences as your primary audience to target, especially for A conversion is counted whenever a website visitor performs an action that fires a standard event, custom event, or custom conversion. Examples of conversions include purchases, leads, content views, add to cart, and registrations. More. But new companies may have no choice.
Long-term, Lookalike Audiences are good for top-of-the-funnel actions (reading helpful blog posts or watching videos), and you can then build Custom Audiences based on these engagements (that you, of course, can use for promoting opt-ins and products).
Since I recently started a track for entrepreneurs, I’ve had to start experimenting with Lookalike Audiences again. While I have a large built-in audience, I don’t know how many of them are entrepreneurs. So I am experimenting with Lookalike Audiences and interests to drive traffic while I build my A website custom audience matches people who visit your website with people on Facebook. You can then create ads to show to that audience. More of traffic on blog posts that I wrote for entrepreneurs.
Have you started experimenting with this yet? What do you think?
Let me know in the comments below!