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James Dooley:
So I've got Dan Grant who's the director at Fat Rank and Promoo. Today's video is about Instagram ads and how you can generate leads via Instagram for lead generation services. So Dan, how do you think of Instagram as a lead generation platform?
Dan Grant:
I think like a lot of social media platforms, Instagram is definitely one you can have some success from if you're trying to generate leads for your business. It's similar to Facebook and Twitter where you really need to understand your audience. You need to know the demographics you're targeting. You need to know script writing and sales copy for the advert itself to actually convert people into enquiries. There’s a lot that goes into it. Even with all that effort, you can still put a lot of money into Instagram ads and not earn very much depending on your niche. There are risks, so many companies prefer other methods for consistent and reliable lead generation.
James Dooley:
For sure. When I compare Instagram to Meta in general, even though it's the same platform, Facebook seems to perform better than Instagram. Instagram story ads do well, but I mainly use Instagram for brand reputation and building an audience rather than pure lead generation. It can work very well for some UK businesses, but it's not at the top of my list. I prefer YouTube ads or PPC, or ideally a pay per lead model. But now we've moved towards the pay on performance model. Explain how you feel pay on performance compares against Instagram lead generation.
Dan Grant:
In comparison to Instagram or any social media lead generation, pay on performance eliminates the risk and the hassle. Social media ads require courses, research, learning how to write adverts, choosing demographics and deciding budgets. It's usually best left to a marketing agency, but even then you pay a markup and the niche might not be suitable. Our pay on conversion model is completely risk free. We generate the leads, the client receives them for free, and only pays if they convert a job. The enquiries are relevant to their industry, and it removes all risk. They don't have to learn anything. They just deal with the enquiries and convert them. It's much better than Instagram for most companies because Instagram requires skill, money and time, and even then it might not work for the niche.
James Dooley:
For sure. Obviously we derisk it. We’re selective with who we work with. If a company only operates in a small local area, Instagram can be useful because you can narrow down the demographics tightly. That works well for pubs, restaurants and B2C brands. A lot of our pay on performance clients are more B2B. Instagram can still help, but it depends on the niche. It will be interesting to see the viewers’ thoughts. Are you using Instagram ads to promote your business? Is it B2C or B2B? Is it working well? Leave a comment and let me know your thoughts on Instagram lead generation and whether you've tried a pay on conversion or pay on performance model.