Ever want to feel like James Bond less the Aston Martin, martinis and fancy suits? In the episode “Small Business Stacey” discusses how you can spy on your competition. #SmallBizMarketingWiz #ASmallBizLife
Marketing in 2 Minutes or Less: How To Spy On Your Competition
Hey everybody. What am I doing? I am spying on my competition.
Small Business Stacey, and I bet you would like to know what your competition is doing to advertise their business on Facebook. Well, I’m going to share with you two ways that you can find that out. Bear with me, I’m going to share my screen. Okay. Let’s say that you are a realtor, and you’re curious about what your competition is doing in running Facebook ads. So you could go to one of your competitor’s Facebook pages and there’s this little tab on the side called info and ads, and when you click on that it will show you what ads they are running. Pretty powerful, right? And you can get a sense then of what they’re doing, how they’re marketing and also what type of engagement they’re getting.
Another way that you can get clearer on the targeting of those ads is, let’s say you look in your stream and for example, Google you know any kind of ad says sponsored and we all see so much more sponsored content in our stream. But we’re wondering why is Google sending me this ad. Well, if you click on this three little dots over here and then say why am I seeing this, it gives you why they are targeting you. So Google is wanting to reach people who are part of an audience called Facebook access mobile Android devices so you can see that they are targeting based on people using Android. It also tells you that they’re targeting people age 18 and older who live in the U.S. Brilliant, right? Because they don’t want to target business using let’s say, Apple devices.
Spying has always gone on since ancient times.
So this helps you get an understanding of what kind of targeting your competition is doing. Let me see if I can find … so here’s another ad. The Closers Café. Why are they targeting me? Because they know that I’m interested in Infusionsoft, interesting, and then they are reaching people 25 and older who live in the U.S. Yep, that’s me. So this is how you can leverage the power of the binoculars to spy on your competition and find out what they’re doing.
How are you going to use this in your business? Leave me a comment below.
This is Small Business Stacey, your Small Biz Marketing Specialist here to help you get your marketing into action and help you become a #SmallBizMarketingWiz.
Stacey Riska, aka "Small Business Stacey" is a serial entrepreneur who is passionate about saving small - and not so small - businesses one marketing plan at a time. She helps business owners become a #SmallBizMarketingWiz by teaching them marketing strategies that get MORE: MORE leads, MORE customers/clients/patients, MORE sales, and MORE profit. Stacey's in-demand "Small Biz Marketing Success Coaching and Mastermind Program" is transforming the businesses - and lives - of those who want wealth, freedom, and market domination. Her highly acclaimed book "Small Business Marketing Made EZ" lays out the 6-simple-step plan to get your marketing into ACTION - literally and figuratively. Stacey is also the creator of Cups To Gallons, the place where independent coffee, smoothie, juice bar, ice cream, dessert and snack shop owners go to learn how get into lucrative catering so they stop selling by the cup and start selling by the gallon. In this program she teaches from experience, as it was the key strategy that transformed her coffee and smoothie business from being $500K in debt to a 7-figure profitable business. When not saving the small business world, she enjoys sipping red wine, eating chocolate (who doesn't!) and spending time with her amazing husband.
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