If you are a beginner, you don’t need to reinvent the wheel; just see what’s working for others and replicate it. And for that you need to gather information about your competitors and there is no better platform than Facebook to spy on your competitors ads.
So, Why is it important to spy on competitors ?
First, spying competitors ads helps you create profitable ads for yourself!
Second, you get to know your competitor’s marketing angles, their audience, locations, demographics, and interests; which kind offers and deals they present to their potential customers.
Third, you get ideas of what type of copy-writing and creatives actually work.
Finally, how long they have been advertising the product and audience reaction to the ads.