Using Facebook to advertise for distressed or motivated sellers doesn’t have to be scary, expensive, or risky. This guide is meant to help you get started with your first easy, low-risk ad, with a tiny budget of only $10.
In this way, you can get your feet wet so that you can begin to understand all of the mechanics and nearly unlimited potential of advertising using this channel, without losing your shirt.
The point of the ad like the one you will see in this article is to drive motivated seller leads to your website, so first you’ll need a website for those sellers to visit.
REI/kit websites for real estate investors are easy to set up and perfect for capturing those seller leads.
Once you start seeing how it all fits together, you will be ready to tackle more advanced techniques such as funnels, custom audiences, and retargeting which we’ll cover later in a more advanced guide.
In this guide, however, we’ll start with baby steps.
The easiest way to set up your first ad is from your Facebook Business Page, by following these 15 easy steps:
- (Prerequisite) Set up your Facebook business page
- Creating your first ad from your business page
- Choose a Goal
- Enter Destination URL
- Select an Ad Format
- Upload or Choose Image
- Write a Headline
- Create Ad Copy Text
- Choose a Call-to-Action
- Create an Audience
- Determine Detailed Targeting
- Determine Ad Placement
- Choose a Budget and a Duration
- Add a Payment Method
- Send Ad for Approval
(Prerequisite) Set Up Your Facebook Business Page
If you don’t have a Facebook Business Page set up already, I highly recommend that you set one up for your business for several reasons, not the least of which because it is a prerequisite for the rest of this guide.
Setting up a business page creates a separation between your personal account and the account for your advertising. Even if you never plan on marketing the business page itself, it’s an essential piece of the mechanics of advertising on Facebook.
If you haven’t set up a business page yet, here is a great guide to get you started:
Now let’s get advertising.
Creating Your First Ad From Your Business Page
In this tutorial, I want to get you up and running as quickly and painlessly as possible.
For that reason, I’m not going to talk about every feature of the Facebook advertising interface, but instead I’ll walk you through your options and then show you how to create an advertisement that will start sending traffic to your page right away.
There are at least four ways to start an ad on Facebook:
- “Boost” a post that you created and posted on your business page – fastest, but most limited in targeting, functionality, and goal set
- Create an ad via your business page – second fastest, limited in goal set
- Create an ad campaign with the Facebook Ads Manager – used to create robust campaigns with multiple goal sets, split-testing
- Create an ad campaign with the Facebook Power Editor – everything Ads Manager, plus agency use, allows for quick campaign duplication
For simplicity, your first ad will be an ad created from your business page (option 2).
Don’t worry if you have no likes on your page, or that nobody knows about your page yet.
Although the ad will be posted on your business page, it will be shown to anyone on Facebook that meets your targeting criteria that I’ll break down later.
To get started, go to your business page, then in the post section click into the ellipsis button (three dots) to bring up the post options:
Then click on the button to ‘Advertise your business’:
This will bring up your goal selection screen.
Choose a Goal
Goal selection helps Facebook determine the kind of audience to show your ad to, and also the metric that they will use to charge your account.
Here you will select what outcome you would like as a result of your ad, for example “Promote Your Page,” “Get More Website Visitors,” or even “Get More Leads.”
Since you already have a REI/kit website with its own website link, you won’t actually use the ‘Get More Leads’ goal.
Don’t have a website? REI/kit optimized real estate investor websites can be set up in two-clicks, completely built and ready to start capturing motivated seller leads.
Here’s the example REI/kit website being used in this Facebook ad for real estate wholesalers: https://www.reikit.co
About Goal selection, Impressions, Clicks, and Leads and how Facebook charges for those.
Facebook will charge for different goals either based on impressions, clicks, or leads, so depending on the goal that you choose you will be charged correspondingly.
For example, a “Get More Website Visitors” goal is charged based on impressions, whereas engagement with a post is charged based on clicks, and lead goals are based on whether a lead filled out and submitted a form.
The further down the funnel that you go, the more expensive the conversion event is in Facebook.
For example, consider your ability to convert a lead acquired using a Facebook lead ad that has much less information about what you do when they submit their info, vs a lead acquired via a Facebook website visitor who submitted their information on your website that explains what you do.
However, for your first ad, Facebook only gives you one option: get charged for impressions for your first $10 in spend.
This means that the website visit is the only goal that matters, since the more eyeballs you get on your ad (impressions), the more people will click on it.
So for our first ad we’re going to select the “Get More Website Visitors” goal.
Create Your Ad
Now you can begin to create your ad.
Enter a Destination URL
The first step towards creating your Website Visitor ad is to tell Facebook where you want it to send visitors to. This is called a destination URL, and for this ad you want the URL of the website that you set up in REI/kit.
Here’s how to get the link to your website:
Copy the link to your website that you want to drive traffic to from REI/kit, by either right-clicking on the ‘OPEN’ button on the Websites dashboard in REI/kit and copying the link…
or by clicking on that ‘OPEN’ button and copying the link URL in the browser search bar that opens:
Going back to your Facebook ad creation screen, paste the URL that you copied from your website into the URL field.
Facebook will import some of the information from your website into the ad, such as your page title, logo, or meta-description. You can overwrite or completely remove this information and image in the next steps.
Next, you choose the ad format. Facebook allows you quite a bit of creativity and flexibility in creating your ad.
Select an Ad Format
In your ad you can choose to display any of:
- Single image
- Carousel: multiple images – where viewers can view up to 10 images by sliding through them left to right
- Slideshow: up to 10 images that play in video format
For each option, you are given the choice of uploading your own photos or a video, or choosing from Facebook’s free stock images.
For uploaded photos, the photo specifications are: minimum size: 254 x 133 pixels, recommended size: 1,200 x 628 pixels.
Try not to use text in your photo; and if you must, make sure it is not more than 20% of the image. While Facebook no longer penalizes ads with photos that have more than this percentage, it’s still good practice to minimize text.
Choose an Image
For the first ad, you will start with a single image.
Select ‘Single Image’ from the drop-down list.
In this guide we’ll click on ‘Free Stock Images’ next and select one of them after typing in ‘foreclosure’ in the search field.
Write a Headline
Depending on what your real estate expertise is, you can choose a headline that suits your offering.
When marketing, it’s always helpful to put yourself in the customer’s shoes and imagine a solution that will resonate with them.
In other words, while “We Buy Houses” is the ad that we are creating now, there’s a possibility that the customer is not looking to get rid of their house, or they are not interested in how much you want their house for cash.
They are looking for solutions that will help them lift a burden from their shoulders.
If you can find a way to translate that into your photo and copy, it will go far in separating you from your competitors.
For the purposes of this ad, if you cannot think of a headline that is more tailored to the solutions you can offer, select from one of these:
[Your City] House Buyers
[Your City] Cash House Buyers
Ad Copy Text
In this field, your text describes the product or service that you are offering.
Generally speaking, for any types of advertisements involved with housing or financial situations you need to be very careful in how you approach prospective sellers or buyers, or risk getting your ad rejected by Facebook.
For example, using this phrase:
“Facing foreclosure? I can help!”
“I’ve helped others like you, and I can help you, too!”
“Sell Your House Fast”
“Sell Your House for Cash”
is not acceptable, because you are attempting to single out the viewer rather than appealing to a broad audience that the viewer MAY be (not IS) a part of.
In general, if you are asking a specific question, are using a question mark, or are including the words “other” or “your” in your ad, it’s probably too specific.
So, for example, “We offer services to help with many financial situations” is more acceptable.
Here are some variations of the same theme:
- No commissions. No fix-up. No fees. Get help with a house no longer wanted today.
- We buy houses that are not wanted. Click Learn More to find out how we can help today.
- The fastest way to get cash for unwanted properties.
Choose a Call-to-Action (CTA)
Most ads have a Call-to-Action button that helps the viewer take action. In the case of a Facebook ad, the CTA is the button that you want the viewer to click on that will get them to your website.
There are a number of CTA texts available to choose from. In your case, “Learn More” is the most appropriate choice, since your leads are going to your website for more information about the solution you are offering.
Why do I not recommend any of the other CTAs for these ads?
Think about how you would respond emotionally to your own ad, especially one that involves one of your most precious and expensive assets: your house.
The least aggressive Call-to-Action is the smallest investment you can expect them to make at this point, which is to learn more, not to hand over their information.
If they want to do that, they can fill out the Contact Us form on your website after seeing what your business can help them with.
You may recognize this as a small funnel, where you ease the seller into micro-commitments at different stages, that ultimately help guide them in the process and show their interest and willingness to negotiate.
An Audience in Facebook is a group of people to show your ad to.
Facebook will start you off with an Audience of hundreds of millions of people in the United States aged 18 and over, so you have to narrow down your audience through “targeting.”
Targeting can be both geographic, as well as based on other Detailed Targeting criteria like demographics, interests, or behaviors.
As you can see in this screenshot, Facebook gives you a variety of Audiences to choose from:
When you select an initial audience of “People you choose through targeting”, you will be presented with detailed targeting options that I will describe further below.
Once this targeting selection process is complete, you will be able to save your audience and reuse it for future ads, so let’s create your first audience.
Create New Audience
Click on the “Create New Audience” button to start the process.
Naming Your Audience
Although the name of your audience is the first field that you will see, I recommend waiting to name your Audience until after you have finished entering in all of the targeting criteria.
This is because you will be using those criteria in the name to distinguish different audiences from each other.
It is good practice to try to follow a naming system such as: Gender – Age – Geographic Area/Radius – Demographics/Interests/Behaviors.
M/F – 50-65+ – ATL 50miles – Divorced – NOT Brokers
Audience Selection Dial
At the bottom of the audience builder is a very important dial to take note of as you edit your targeting criteria.
This dial will show you whether your audience is too broad, too specific, or just right.
The sweet spot is in the middle of the green curved area, which is considered “Defined.”
Another item to keep an eye on as you build your ad, that is visible in the above image, is the “Potential Audience Size,” the number below the audience selection statement.
The Potential Audience Size provided gives a general idea of how many people your ad can potentially be shown to, depending on the size of the geographic area or how specific is the targeting that you choose.
Don’t view it as a hard fact; it’s simply a guideline for how large or small your potential audience is so that you can plan and budget accordingly.
The Potential Audience Size will change every time you make a change to your targeting.
Narrowing the Audience
Notice that Facebook starts off the ad builder Audience set with both Men and Women, aged 18-65+, that live within the United States.
Now, I don’t know a lot of 18 year old’s that own houses that they no longer want (unless inherited), nor do I want sellers outside of my city contacting me, and you might not either.
Narrowing down our Audience based on the criteria of people we don’t want the ad shown to, is just as important as defining the criteria of the people we do.
Basic Settings for Your First “We Buy Houses” Ad
Let’s start simple with the following settings for a We Buy Houses ad:
Gender: Women and Men
Age range: 35 to 65+
Geographic locations: Type in a city and start with a 10 mile radius.
Now we get into the nitty gritty: Facebook’s Detailed Targeting options.
Demographics, Interests, and Behaviors
Before we can specifically target a particular audience, we have to explain the three categories of targeting: Demographics, Interests, and Behaviors.
Demographics are the characteristics of a population such as age, income, education, jobs.
Interests are those words that a viewer has included in their Facebook profile, or that are included in pages they like or other areas.
Facebook can provide Audiences that display a certain type of behavior. For example, you could include people who fit into certain multi-cultural affinities: African-Americans, Asian-Americans, or Hispanics.
Note: do not advertise housing opportunities (if you are advertising a property for sale, for example) that are specifically aimed at populations of a certain multi-cultural affinity; this is against federal law.
You will first want to select which demographics, interests, or behaviors to target in your ad by either searching for them, or browsing through the different categories.
Because Facebook doesn’t allow you to target specific audiences, you have to get creative as to how to target the people that you think are most likely to be your leads.
Trick of the trade: Think of and search for an interest or demographic or behavior that you believe the people in your target audience exhibit.
Here are some questions to ask yourself to help you with the keywords in your search:
Do they frequent a particular restaurant or establishment?
Do they like a particular activity or sport?
What are their dreams and aspirations?
Do they have celebrities or political figures that they follow?
If you’re having trouble coming up with anything, you can also “Browse” each option by clicking on the word “Browse” and expanding that option into more refined categories:
Excluding Detailed Targets
On the other hand, you will also need to exclude Job Titles and Interests related to real estate: brokers and agents; these folks do not need your help selling their property, and you don’t want them clicking on your ad.
Keep in mind again that the criteria is simply referring to the Job Title and Interests that your audience has listed in their Facebook profile.
Click on ‘Browse’ and then select the following options from the drill-down menus.
This completes your audience selection and targeting.
Save Your Audience
Ad Placement Options
Once you have saved and closed your audience, next you will choose where your ad will show up.
You may have noticed that Facebook gives you a number of digital places on which it advertises your ad, and you can switch the views for each of these as you work on your ad, to see how your ad will appear on big screens, little screens, Instagram, Marketplace, and in the Facebook Messenger Inbox:
You should turn off automatic placements and uncheck the checkboxes next to Messenger and Instagram from the selected placements to ensure that your ad only shows up in the Facebook feeds.
Why? These are just recommendations, but in general think about the age of your audience, and what platform they are more likely to be using.
Budget and Duration
Since this is your first ad, you should set the budget low, at $2 per day.
Important: In order to make sure that your ad stops running, make sure to select when the ad will end, otherwise it will run continuously.
For this first ad, select “Choose when this ad will end.”
When you start with a daily budget of $2 you can either set the duration for 5 days, or use the calendar to set the ad end date at least 5 days from the day that you start it.
Facebook will then tell you how much your ad will cost.
Estimated Link Clicks
Add your payment method.
Send Ad for Approval
After you have double-checked that your advertisement looks good in all placements, and that any errors have been resolved, click on the blue Promote button.
Your ad will then be reviewed by Facebook and you will be notified when your ad is has been approved. This can take from a few minutes, up to a day.
Once your ad is approved it will start delivering the ad to the target audience that you selected, until the end date that you set in the budgeting section. The estimated link clicks will be just that, an estimate, but remember, while your website is optimized for conversions, this is still a numbers game.
Your first ad’s targeting will determine your baseline for future improvement. So that if for every 100 clicks to your website you get 1 lead, then for your next ad, you will try to improve your targeting, to get 2 leads for every 100 clicks.
Looking for lists of highly motivated seller leads that you can start calling and marketing to right away with email, text and ringless voicemail?
The REI/kit Leads tool has nationwide high-quality real estate lead types like Vacant, Absentee, and High Equity, already skip-traced.
Click here to find out more: www.reikit.com/motivated-seller-leads
In this guide I walked you through the entire process of creating an ad through your Facebook Business Page, using just $10 by following 15 easy steps.
You should now understand the basic mechanics of creating these ads and can start seeing how you might be able to use different audience targeting options to attract leads.