So, I have been experimenting with paid promotional posts, differing content, etc... all "in house" for about a dozen dealers I work with - As an example:
I spent $10--- yes $10... as I am a big spender!
- and got the following results per FaceBook:
You can see that the post "reached", or more accurately was forced, into 2181 peoples feeds... all of the people that LIKE our page, and people they are friends with - most people are friends with family and LOCAL loved ones right? So estimated CPM was $5 -- pretty cheap.
Some stats: Interactions we received - 25 people "liked" the post. 2 people commented. And 1 poster even shared on his wall - meaning everyone of his friends saw it as well!
Also important was the link that I put in the post... 273 people clicked the link (it was trackable) and came to
Experience Buick at Liberty Buick, Peoria, AZ (this was within a 4 day period) ... if we just look at the clicks - we only paid $0.04, yes 4 pennies, per click to get people to the site!
All this points to content and quality, vs quantity... of posts. On any social media platform. It also means that the little guys can spend our dollars more effectively by posting and paying for the post to be advertised to people in our market. We don't have to pay a social media company $1000/month to do posts everyday (BIG waste of money IMO). Or even as some social media companies are doing charging you a "management" fee of a few hundred dollars to promote your posts... the still pass on the FaceBook ad fee as well.
My testing has also proved to me that people that like a car dealers page, expect to see car dealer stuff... promotions, sales, coupons, etc... just dont overdue it. This fluffy "like this picture" -- and posting a Happy Friday post...is a waste and BS in my opinion.
Just thought I would share - open to thoughts and ideas, questions, comments. THANKS!