Overview of LinkedIn Ads
It is the largest professional social network worldwide, with over 1 billion members. The platform is offered in 26 languages and has 36 offices and 19,400 employees. Similar to Instagram and Facebook, LinkedIn Ads are paid advertisements shared on LinkedIn. So, in order to make the process of ads easier but at the same time more functional, LinkedIn offers various ad formats, such as sponsored ads or dynamic ads. It also provides some criteria, such as location or skill, to help users target their audiences.
Benefits of LinkedIn advertising
Highly Targeted Advertising
Targeting exists on LinkedIn because members are asked to keep their profiles up to date and accurate for networking, personal branding, and job listing purposes. Good targeting is very instrumental to much of the success realized with any campaign on LinkedIn. Members provide information regarding professional experience, company, and even their skills whenever they set up their profiles on LinkedIn. This means you can address members based on profile-based demographic information, drive traffic to your webpage, and even upload contact and company lists for account-based marketing activities.
Job targeting
Job targeting allows you to target the audience in a more specific way regarding roles. The targeting options include job function, seniority, job title, member skills, and years of experience. These enable a user to target users from the level of companies at a certain level and consider the users’ skill and experience based on the algorithms of LinkedIn.
This targets the whole companies, hence ensuring that the B2B marketing campaigns are in front of the right people. Now, when you begin with the building of a business-based audience, here are characteristics to take into consideration: “Company Relationship” – targeting primary employee contacts of the selected company; “Company Industry” – targeting of entire industries for great reach and efficiency; and “Company Size” – pinpointing companies to target based on their size.
LinkedIn also provides targeting with regard to a specific location, as reflected on a user’s page or IP address. This will enable the users to get down to the detail of where they want to focus on, and, accordingly, exclude any areas not relevant to their campaign..
Increased Brand Awareness
This will include LinkedIn users who are trying to network, learn, and advance their careers. Every business aims to develop and flourish; this can only be achieved by gaining more brand awareness. It creates the base through which a potential customer starts recognizing or remembering your brand. Brand awareness refers to how well your target market knows your brand or its products and services. High brand awareness means customers can identify and remember your brand easily. Brand awareness builds trust, differentiation in the marketplace, and increased sales.
Effective Lead Generation
It has proved to be a valuable marketing tool for many businesses. There are many different advantages of LinkedIn over other social networks. Create a simple campaign—get it running in five minutes. It offers many options in terms of audience targeting and retargeting.
Any business aiming to generate steady and reliable sales will have lead generation at its core. Companies drench their sales and marketing sectors with tactics in hopes of generating leads, but either way, what matters is that there be a process for it defined. LinkedIn Lead Gen Forms are form templates that can be attached to your ads on LinkedIn when looking to capture qualified leads and not take users away from LinkedIn. Benefits of lead generation ads are pretty hard to ignore. They allow for granular targeting so you’re able to get in front of the right demographic or the right people at the right stage of your marketing funnel. They are very highly customizable, where businesses can qualify leads at their own discretion. And super easy for leads to close.
Salesforce Example
Report download (Salesforce) is one of the examples of LinkedIn Lead Gen Form. Salesforce prompts users to download a marketing landscape report to use as a lead magnet. The ad itself focuses on the statistics from the report to encourage clicks on the download CTA. Another example is quote for a service (Access Health). This LinkedIn Lead Gen ad from Access Health offers business owners a quote instead of something downloadable.
Cost-Effectiveness
Why is LinkedIn the most cost-effective platform? First of all, one of the major advantages of taking the help of LinkedIn for generating leads is the ability to target specific demographics. With a robust search and advanced filtering option, now companies can target the promising leads and work on them instead of wasting their time on unqualified prospects. Another reason is that it aids in relationship-building with your prospect customers. This facilitates businesses to easily build trust with their future clients and, therefore, achieve successful sales conversations and appointments. Another cost-effective characteristic of LinkedIn is the pricing of services. While some other platforms, like Google Adwords and Facebook Ads, are very expensive and require that a big investment should be put into them, the services provided by LinkedIn are very affordable and yield a high return on investment.
Immediate Results
One of the most prominent aspects of LinkedIn is its immediate results. Immediate results start when you understand and maintain your responsibilities. You should have a healthy approach to these responsibilities. You have to define what is an immediate success or result, because everyone has a different understanding of success.
Enhanced B2B Marketing
Today, LinkedIn is a powerful platform for B2B marketing. With a professional focus, LinkedIn offers unparalleled opportunities to connect with industry leaders, prospects, and decision makers. There are some LinkedIn’s characteristics that can be used for B2B marketing success.
LinkedIn’s Advanced Page Insights provide in-depth analytics to help you better understand your followers and visitors. These insights include demographic data, engagement metrics, and long-term trends. Another useful feature of LinkedIn is LinkedIn Polls. It allows you to create polls directly on the platform to quickly gather feedback and insights from your professional network.
Higher Click-Through Rates (CTR)
How do you know that your LinkedIn profile is effective enough? Well, the LinkedIn Ads Click-Through Rate (CTR) itself is the percentage of LinkedIn users who clicked your ad after it was shown in their feed. It does a great job of indicating just how compelling your ad can be to your target group.
There are a few ways to keep you on track with your ads on LinkedIn. First, add some details that are relevant to the job title. Then, you will reshape your content and what you bring to the table. And last but not least, since your target audiences are humans, it should have more emotional elements.
Building Long-Term Relationships
The first and foremost way of building long-lasting relationships is getting to know your clients or whom you deal with. You need to make some investigations concerning their background, goals, values, needs, and tendencies. The next important aspect of any successful relationship would be communication. Clearly and regularly, you would want to communicate with your customers, especially in times of change, problems, or comments. Finally, to strengthen your relationship, you would like to thank and reward you and your clients. Show your appreciation and gratitude for the trust, support, and cooperation.
Conclusion
To sum up what has been investigated, LinkedIn provides more opportunities for users. It costs less in comparison with other platforms, it has many options for targeting and analytic data. All these options and opportunities suggests that LinkedIn is a suitable platform for professional and business growth.