Chapter 21:
Split-Tested Ads That Will Make You Rich
All these advertising experts advocated for the same principle: Test, Test, Test. They crafted their strategies in a time predating the internet, when advertisements were limited to print, radio, and TV. Back then, evaluating the effectiveness of a split-test, also known as A/B testing, could take weeks, if not months. Split-testing in advertising involves comparing two different versions of an ad to determine which one is more effective. Each version is exposed to an equally sized audience, and the one that achieves a higher conversion rate, click-through rate, or excels in another chosen metric, is deemed the more successful of the two.
Using Facebook, I discovered the ability to conduct split-tests more cost-effectively and rapidly, all in pursuit of crafting the most compelling ads possible. But before I delve into the insights gained from these split-tested results, allow me to impart some general advertising wisdom gleaned from my extensive research and reading. This advice is invaluable, whether you’re sending out mail for expired listings, distributing postcards, or running Facebook ads. Think of it as a condensed Advertising 101 course – packed with practical insights but free from tedious lectures and the burden of student loans.
Which Ad Works Best? Photos or Videos?
A Deep Dive into Facebook and Instagram Campaigns
The Power of Placement: How to Get the Most Bang for Your Buck
Video content, while invaluable for its depth of engagement and storytelling prowess in property marketing, may not always serve as the most effective click driver on social media platforms like Facebook and Instagram. Our findings suggest a more nuanced approach could yield better results.
In the context of Facebook and Instagram ads, using video might inadvertently reveal too much information too soon, potentially dampening the viewer’s curiosity and their inclination to click for more details.
In simpler terms, if lead generation is your main goal, then opting for single exterior photos in your ads might be the most cost-effective strategy in your arsenal. This approach tends to result in a higher click-through rate, a conclusion that is supported by the data we’ve analyzed.
The Power of Reviews: Specificity vs. Generalities in Marketing
The value of specificity in advertising becomes even more evident when we consider cost-effectiveness. Suppose we allocate a weekly budget of $200 for our advertising campaigns. Under this budget, a campaign focusing on “Specific Reviews” could generate approximately 115 clicks, whereas a “Generalities Reviews” campaign might only yield about 83 clicks.
This difference, substantial on a weekly basis, becomes even more significant over a year. Annually, the “Specific Reviews” campaign could garner an impressive total of 5,980 clicks, surpassing the “Generalities Reviews” by a notable 1,664 clicks, which would accumulate around 4,316 clicks in the same period. This stark contrast underscores a significant disparity in return on investment, with “Specific Reviews” offering markedly better performance.
When we analyze the cost per click, it becomes clear that specific reviews not only engage more users but also represent a more efficient allocation of marketing resources. Focusing on concrete, detailed information doesn’t just have a stronger appeal to the audience; it also ensures a more effective use of each dollar spent, particularly in the long run.
Therefore, when devising your next marketing strategy, remember that it’s not enough to make claims – backing them up with specific, tangible data is key to achieving better engagement and a higher return on your investment.
Dusk or Dawn: The Twilight Photo Showdown
BoxBrownie.com has revolutionized the way real estate agents can enhance their property photos, offering the ability to transform standard daylight images into stunning twilight “dusk” photos for just $4 per image. This is a significant saving compared to the $25 to $100 that a photographer might typically charge for similar edits.
Twilight images are becoming increasingly popular among agents, but the question remains: do they actually attract more clicks?
To find out, I conducted a practical experiment, investing $250 in separate ad sets to compare various twilight styles in a comprehensive split-test. But I didn’t stop at twilight images. I also included the “Puffy Clouds” style in this experiment. It’s commonly observed in split-tests that images with puffy, cheerful clouds tend to perform better than those with gray skies, for reasons as obvious as a bright, sunny day. As a side note, you can easily access and utilize the “Puffy Clouds” feature under the Image Enhancement section on Box Brownie’s website. This test was a real-world application to see which style resonates more with viewers and drives engagement.
Click Captivators: The Grid Photo Phenomenon
The photo you choose sets the initial tone for a potential buyer’s perception. Grid photos offer a comprehensive glimpse, showcasing four different snapshots, while standard exterior shots encapsulate the overall ambiance of the home.
Each style has its advantages, but the question remains: which one truly excels in the realm of digital advertising?
To determine the more effective photo style in digital advertising, I conducted a split-test experiment, comparing the engagement rates of grid photos against standard exterior shots. Each ad set was allocated an identical budget of $250 and targeted the same demographic group. The primary goal was to assess “awareness” objectives, focusing specifically on which type of photo could generate a higher number of organic link clicks. This experiment was designed to provide clear insights into the photo styles that resonate most effectively with our target audience.
The Power of Font: A Split-Test Revelation
Font style is far more than a mere design element; it’s a crucial aspect of effective marketing. It’s often said that the devil is in the details, and in this case, that devil is dressed not in Prada but in an array of fonts – be it bold, regular, or shadowed. A slight alteration in font can significantly enhance the impact of your text, capturing attention and, importantly, driving those highly sought-after clicks. This highlights the importance of font choice in your marketing materials, as it plays a key role in engaging and influencing your audience.
The choice of font style, while seemingly minor, can have a substantial financial impact, particularly in the context of paid advertising on platforms like Facebook where each click incurs a cost.
To illustrate this, let’s consider the effect of font choice on your advertising budget across a year, assuming a consistent weekly ad spend of $200.
Opting for Shadow Font could result in approximately 2,021 additional leads over a year compared to using Bold Font. This means, with an annual ad spend of $10,400 (calculated as 52 weeks multiplied by $200 per week), selecting Bold Font over Shadow Font could potentially result in missing out on over 2,000 leads. That’s a significant amount of potential business and opportunity left unexploited, demonstrating the critical impact of font selection in your advertising strategy.
The Emoji Factor: A Split-Test Showdown
Emojis have evolved into a universal shorthand in our digital interactions, effectively conveying emotions and expressions that words alone might miss. They’ve also increasingly found a place in marketing, especially in social media advertising.
But the question arises: do emojis genuinely enhance engagement, or are they merely eye-catching embellishments?
To answer this, I embarked on an experiment to empirically test their impact.
The results of our testing reveal an interesting pattern regarding the use of emojis in advertising. While ads with a no-emoji headline performed better than those with emojis in the headline, the reverse was true for the body copy. Ads featuring emojis within the body text attracted 22 clicks, as opposed to the 19 clicks for ads without emojis.
This outcome indicates that the effectiveness of emojis may vary based on their placement in an ad. While they might not be the best choice for capturing immediate attention in headlines, emojis seem to have a positive impact when used in the body copy. In this context, they can help maintain reader interest, break up blocks of text, and enhance overall engagement with the ad content.
The Magic of Virtual Staging: A Split-Test Epiphany
Design, it appears, transcends mere aesthetics; it’s a strategic decision. The particular style you choose for virtual staging can significantly impact engagement rates, cost-effectiveness, and ultimately, your return on investment (ROI). It’s not solely about presenting a property; it’s about presenting it in the most effective way possible. This approach emphasizes the importance of thoughtful design choices in not just displaying a property, but enhancing its appeal to potential buyers.
The way a listing is visually presented plays a pivotal role in its attractiveness to potential buyers. Keen to understand which design style most effectively captivates audiences, I embarked on an exploration of the relationship between design aesthetics and consumer reactions. To do this, I conducted a split-test featuring seven different property styles: Modern, Hamptons, Scandinavian, Urban/Industrial, Contemporary, Traditional, and Farmhouse. Each style, with its unique characteristics, was tested to see how it resonated with potential buyers and influenced their responses.
My Top Ten Split-Tested Headlines That Drive Results
Have you ever experienced one of those all-brokerage training sessions focused on Facebook ad strategies? You leave those sessions filled with knowledge and ambition, but a few weeks later, you might catch yourself staring blankly at your screen, wondering, “What do I actually write?” or even considering, “Maybe I should just pay someone to handle this.”
Well, there’s great news. You’re about to gain access to what could be considered a golden ticket in the realm of crafting persuasive headlines.
However, before diving in, it’s important to remember that while my headlines may have proven effective in the dynamic atmosphere of DC, they might not resonate as well in your specific area. Don’t just take my word as gospel. I encourage you to put these headlines to the test in your own market.
Remember, the key to successful advertising lies in a simple, yet powerful mantra: Test, Test, and Test some more!
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In “Six Weeks to Real Estate Success: An Actionable Guide for Ambitious Agents,“
Dustin Fox provides a comprehensive guide for real estate agents looking to transform their careers. Drawing from his own journey to becoming a top producer, Dustin shares practical advice, innovative strategies, and personal anecdotes that demystify the real estate industry.