Facebook and Instagram
Pros:
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Massive Reach - 2.6 billion people use Facebook every month
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Ad capabilities are extensive - video, static, carousel creative options
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Proven strong conversion platform
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Cons:
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Data privacy concerns as a user
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Limited B2B audience capabilities
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Best Practices
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Test lots of creative versions to achieve the best performance
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Utilize Facebook's extensive audience capabilities - build Lookalike audiences, utilize pixel data to drive conversion
Specs
Video
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Video Ratio: 9:16 to 16:9, 1:1 recommended
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Recommended Resolution: Upload the highest resolution video available that meets file size and ratio limits.
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Video File Size: 4GB Max
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Video Length Minimum: 1 second
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Video Length Maximum: 240 Minutes
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Primary Text: 125 characters
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Headline: 25 characters
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Description: 35 characters
Image​
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File type: JPG or PNG
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Image ratio: 1.91:1 to 4:5, 1:1 recommended
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Recommended resolution: 1080x1080
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Images that consist of more than 20% text may experience reduced delivery.
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Primary Text: 125 characters
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Headline: 25 characters
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Description: 30 characters
Source: Facebook.com/business