Today you’ll learn five brilliant competitive advertising strategies you can use to get in front of your competitors’ customers and (with a little work) turn them into YOUR customers instead. *Evil laughter*
Facebook Ads doesn’t offer keyword targeting for your ads and you can’t specifically target people who have liked your competitors’ pages. However, Facebook offers something called interest-based targeting.
On Facebook, interests range from extremely broad (e.g., business or entrepreneurship) to very specific. In this case, your competitor’s name is the specific interest you want to target, because Facebook allows you to choose to target people based on, among other things, brands and products they like.
Type in your competitor’s website URL. Or, if that doesn’t work, you can type in your competitor’s brand name or try a few keyword combinations to figure out best option for reaching their target audience – which is now your target audience!
Recently I was on YouTube searching for an AT&T ad. Before I could watch the ad I was looking for, I had to sit through another ad – I know, that’s modern life. But the genius part was that this ad wasn’t for AT&T, but for its competitor, Sprint.
In this ad Sprint explained why it is a better provider than AT&T and highlighted an offer to switch carriers, before I could even see the ad for the brand I had searched for.
To execute this competitive advertising strategy for your own campaigns, create the most watchable TrueView ad you can, adding in how much you’re willing to spend.
There are many targeting options to choose from (e.g., demographics, interests, keywords, remarketing). But today we’re feeling competitive!
You want to target your video ads so that whenever someone searches for the YouTube videos of your competitor that they’ll see your ad first. If you play it right, they might not even watch your competitor’s video!
Another brilliantly sneaky competitive advertising tactic you should start using now is targeting people who have recently shown interest in the things your competition sells.
With Gmail Ads (those ads that appear at the top of the Promotions tab of users’ personal email accounts), you can do keyword targeting on your competitors’ brand terms.
As you read this, people who are in the market for your competitor’s products are getting emails from your competitors – and those emails mention your competitors’ brand terms.
For example, if you were competing with Sephora, you could target its brand name as part of a Gmail ad campaign so that every time a Sephora newsletter arrives in someone’s Gmail inbox, your brand ends up in its inbox as well. Obviously, your email should tell Sephora subscribers all about your great competing site and product and why they should check your out.
So if you want to try to steal some sales, target the trademarks of your competitors. Make sure you use an email subject line that will have users clicking your Gmail Ads in droves.
Use only the best-performing subject lines, the ones with the highest open rates – your unicorns. As an added bonus, because these people are already in the market for a competing solution, it’s likely that more people will click on your ads, which reduces your costs.