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Episode #333: Optimizing Home Builder Paid Social – Josh Ranum

⏱️ 24:08 🎀 Greg Bray, Kevin Weitzel, Josh Ranum
AUDIO EPISODE
Episode #333: Optimizing Home Builder Paid Social – Josh Ranum
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Chapters

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  • 0:00
    Paid Media Director Intro
    Josh Ranum introduces himself and his background in paid media, specializing in home builders for the last four years.
  • 0:25
    Fun Fact: Podcast History
    Josh shares a fun fact about previously hosting a pop culture podcast in his early twenties.
  • 0:47
    Paid Social's Role for Builders
    Josh explains how paid social fits into home builders' strategies, often used for QMI inventory but with potential for broader strategic use.
  • 4:29
    Creative Diversity is Key
    He highlights the misunderstanding around creative diversity in ads, comparing it to Baskin Robbins' multiple flavors.
  • 11:26
    Budgeting for Paid Social
    Josh discusses factors influencing paid social budgets, suggesting benchmarks like $1 per click on Meta and $100-150 per lead.
  • 18:50
    AI's Impact on Advertising
    He shares his perspective on AI's role in creative generation and the ongoing need for human strategy in advertising.
  • 28:41
    Builder Marketing Summit Preview
    Josh previews his upcoming Builder Marketing Summit presentation on developing strategic frameworks for paid social across the homebuyer journey.
  • 31:28
    Learning Resources for Marketers
    Josh recommends Motion as a valuable resource for marketers looking to improve their paid social creative and strategy.

Speakers

G
Greg Bray
Host β€” Blue Tangerine
K
Kevin Weitzel
Host β€” Out House
J
Josh Ranum
Paid Media Director of Blue Tangerine

Key Takeaways

✦

Prioritize creative diversity in your social ads; don't just reuse the same template with different images, but explore various formats and content types to engage different buyer needs.

✦

Allocate 20-30% of your paid social budget to 'demand building' or top-funnel content to engage potential buyers earlier in their journey, rather than solely focusing on immediate quick move-in sales.

✦

Use Meta (Facebook and Instagram) as your primary paid social platform, but consider YouTube and TikTok for broader reach and to target different demographics, especially if your buyer profile aligns.

✦

Benchmark your paid social spending with metrics like $1 per click for website traffic and $100-150 per lead for contact forms to set realistic budget expectations and goals.

✦

Leverage internal resources for content creation by encouraging team members to share insights, stories, and visuals that can be repurposed into diverse ad creatives.

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While AI tools can generate creative ideas quickly, ensure human oversight and design principles are applied to maintain quality and avoid 'AI slop' that can disengage audiences.

✦

Continuously test new ad formats, hooks, and iterations to provide more signals to platform algorithms, allowing them to optimize for better performance and reach the most receptive audience.

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