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● Spend $400 → can afford 412 clicks→ reach approximately 45,778 people
Average CTR across all industries is .9%
- Recent reports reveal that billboard advertising can return an average of $5.97 in
product sales for every dollar spent on the advertising
- More specifically, we will utilize URL tracking by creating a custom landing page that
will only be active for the duration of the billboard
- The labor cost of hiring a graphic designer to assist in designing the graphic to
display on the billboard will be around $350
- The cost to keep it lit at night for the designated period will be $2,500.
- Explain the cost breakdown (Attainable)
- Slide 19
- We will allocate $400 of our budget to kickstart this FB campaign and will pay the
average CPC price of $0.97, meaning we can afford 412 clicks
- While we will only be paying for the interested users that click on our ad, this promo
ad will reach approximately 45,778 people during the period, therefore simultaneously
acting as a cost effective way of increasing awareness
- The average yearly salary of a social media advertiser is $51,639, which comes out to
$1,986 when it is adjusted for this two week campaign.
- Our jetpack expenses will total to $1,750, which accounts for the 25 jetpacks that will
be given to the competition winners.
- Explain why Facebook is a suitable tool to target our target market with
(Research)
- Slide 20 and 21
- After conducting research based on Facebook’s social audience, we learned that men
and women, ages 25-45, account for over half of facebook users, relative to other age
groups
- Based on data collected over our target market, this aligns with our target market's age
group
- Additionally, our research supports using FB as a promotional tool by revealing that our
target market generally prefers to use Facebook as a social media platform to
actively organize and promote events.
- Moreover, on average, families are seven times more likely to refer to Facebook
over other promotion channels when making purchasing decisions.