So we now know how to spy on your competitors Facebook Ads, it’s time to put that new-found data into action. Here are four steps to using this information to grow your business:
#1 Know what you want to learn
Before you start your competitor research, think about what you want to achieve from this work.
If you go into research without clear goals, you can waste hours of valuable time gaining insights that won’t benefit your business.
Set 1-3 clear goals, and focus your research on those goals specifically.
For example, you might want to look at how your competitors are using video ads to boost product awareness.
In this case, you might want to specifically analyze things like:
- Video length
- How product(s) are featured in the video
- Do they use square, horizontal or vertical videos
Knowing your goals will enable you to remain laser-focused during your research to ensure you’re not wasting time researching every single detail about every competitor’s ad.
#2 Click-through to landing pages
Successful Facebook advertising campaigns revolve around much more than just the ad you put together and publish — the landing page that you drive traffic to also plays a major role in your conversion and success rates.
With each ad, you see, ensure you click-through to the landing page and see how your competitors are guiding customers through their funnel to making a purchase.
For example, this advert from Sleeknote talks about a feature of its product:
And drives traffic to a landing page specifically focused on the feature from the ad:
If you look closely at that landing page you can also begin to see how it tries to convert website visitors into users. There are two CTAs on the page as soon as you visit (and these remain visible as you scroll):
And more CTAs appear as you progress through the page:
When you’re looking at competitor landing pages, think about:
- What’s the selling point? Take a look at the main selling point they’re focused on across the page, or if it’s an e-commerce product page, look at how they’re describing the product: What language do they use? How do they sell the benefits?
- Do they have any offers? In the above example, Sleeknote is offering a 7-day free trial to customers, and often, ads are followed up with offers to boost conversions. Make a note of any tactics you see here to keep in your arsenal for the future.
- What are the CTAs? If it’s an e-commerce page, the main CTA might simply be “Buy now”, but for other goods and services you might spot a bunch of variations like “Book a demo”, “Schedule an appointment”. Check out what your competitors end goal if with this funnel.
#3 Run experiments based on your research
Your research will help you generate a number of hunches about what will work for your business on Facebook ads, but we can’t rely on those entirely.
Take what you’ve learned from your competitors and create a number of experiment ideas that you can test.
A simple way to frame experiments is this formula:
If we (experiment idea),
then (expected results),
because (assumptions).
For example:
If we create short 10-second video ads,
then can build an audience of people to retarget with bottom-of-the-funnel ads,
because video ads get more engagement than other ad-types and we’ve seen this work for [competitor].
Or:
If we target ads to our previous customers,
then we can increase the lifetime value (LTV) of a customer and encourage repeat purchases,
because we know these people are happy to buy from us, so will be more receptive to sales-focused, bottom-of-the-funnel ads.
Use this framework to generate as many ideas as you can come up with — go wild (but aim for at least 20). Remember: sometimes the best ideas are the ones that aren’t so obvious.
Once you have a list of ad experiments, prioritize them so that you know where to get started.
One way to prioritize experiments is by using “ICE” scores. ICE stands for impact, confidence, ease:
- Impact: If this experiment works, how will it impact your business?
- Confidence: How likely do you think this experiment is to succeed?
- Ease: How simple will this be to implement?
Give every experiment a score out of 10 for each of these categories and the experiments with the highest scores are the ones you should prioritize first.
Frequently Asked Questions
We’ve covered all the basics, but maybe you still have a few questions you’re still short on answers for. No problem! Let’s review and get some answers.
How to See Your Competitors’ Facebook Ad Targeting Strategy
Your competitors are very likely targeting the exact audience you will want to target for your own ad campaigns. Luckily, there’s a way to take their work and make it your own to save valuable time.
The first and easiest way to see your competitors Facebook ad targeting is to look at your competitors’ UTM tags.
Of course, this is only going to work if you meet two of the necessary requirements for viewing your competitors Facebook ads targeting settings.
First, your competitor has to be running a broad website re-targeting campaign, or you need to be in their target audience.
And second, your competitor needs to be tagging their ad links with UTM parameters.
How do you do it?? Go to several of your competitors’ websites and start clicking through content and web pages on their site.
Wait several hours or even a few days, then start scrolling through your Facebook News Feed. Within a matter of minutes you’ll start seeing ads pop up!
Why Shouldn’t I Copy My Competitors?
The #1 reason for not copying your competitors in terms of targeting and ad visuals and copy is that thought they may be successful with it, that doesn’t always mean it will be for you.
Your audience is looking for something new and exciting. You could be the gateway to the “different” they’re looking for!
In addition, by playing copycat, you will miss out on the wonderful opportunity that *improving* on your competitors Facebook advertising strategy can provide. Why settle for less?
How Can I Make My Ads Cheaper Through Facebook Targeting?
When it comes to making ads cheaper overall, it’s not just about targeting your audience. It’s important to target your *content* as well, so the secret actually lies in your ideal unicorn content and proper Facebook ads targeting.
When it comes to making Facebook ads cheaper through targeting, tweaking content, both visual and written is the best way to find out what works best. (And bring your Facebook ads CPC down!)
You’re all set, but remember…
You’re now all set to dive head-first into your competitors Facebook Ads and research what makes them successful (plus where they could improve… no brand is perfect, right?).
But remember: What you learn here should just be a guideline to help you formulate your Facebook ads strategy. What works for your competitors, won’t automatically work for you.
Use your learnings to generate some ideas and experiments that you can put into action to figure out what works best for your business. This is true when it comes to Facebook advertising for larger businesses and Facebook for small businesses. And don’t forget to subscribe to the newsletter for the exciting posts!
How can I check Meta ads of competitors?
Meta ads (which include Facebook, Instagram, and other platform ads) can be checked through the Meta Ad Library. Visit business.facebook.com/ads/library, search for your competitor’s business name, and you’ll see all their active ads across Meta platforms. This official tool provides information about when ads started running and what versions exist, though it won’t reveal targeting or performance metrics.
Can Facebook notify my competitors when I view their ads?
No, Facebook does not notify page owners or advertisers when someone views their ads. You can safely research competitor ads without alerting them to your research activities. This applies whether you’re viewing ads in your feed, through the Ad Library, or via any other method mentioned in this article.
Is it legal to research competitors’ Facebook ads?
Yes, researching competitors’ Facebook ads is completely legal and ethical. Facebook’s Ad Library was specifically created to increase transparency in advertising. The information available through these methods is intentionally made public by Facebook and the advertisers themselves. However, directly copying ad creative or text could potentially violate copyright laws.
How often should I check my competitors’ Facebook ads?
For most businesses, checking competitors’ Facebook ads once or twice a month is sufficient to stay informed about their strategies. However, during key selling seasons, product launches, or major industry events, you might want to increase frequency to weekly checks. Creating a systematic approach to competitor ad monitoring ensures you don’t miss important strategy shifts.
Can I see how much my competitors are spending on Facebook ads?
Facebook doesn’t publicly disclose exact ad spend for most advertisers. However, for larger advertisers or those running political/issue ads, the Ad Library may show approximate spending ranges. Additionally, you can make educated guesses based on ad frequency, variations, and placement. Third-party tools like SEMrush or SpyFu also provide estimates for digital ad spend, though these are approximations.
How do I determine if a competitor’s Facebook ad is successful?
While exact performance metrics aren’t public, you can infer success from: 1) Ad longevity – ads running for extended periods are likely performing well, and 2) Multiple variations – advertisers often iterate on successful ad concepts. Also look at engagement metrics visible on ads (comments, shares, reactions) and whether the advertiser frequently reuses similar messaging or creative approaches.
