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Posted 13 May 2009 |
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Facebook has been one of the biggest internet success stories over
the last couple of years, and having such a big user base, it is no
surprise that they are trying to reap the rewards. The idea of
Facebook is to keep in touch with people around you. You have your
location and personal details all stored, and with it being easy to
share information, it looks like a great advertising platform. But is
it?
Though Facebook started in the student demographic, it's quickly
growing out of it with the fastest growing demographic being the over
25s. Around 34% of users work as professionals, including people who
are in sales, are executives, educators or are hold a technical role.
So, my guess is that if you have a product or service offering,
chances are that at least a few of those 53 million active users
(which spend about 20 minutes a day on the site) are prospective
customers of your business. The question is, what do you do about it?
What are Facebook Ads?
Facebook's advertising platform works in a similar way the already
Pay Per Click advertising rivals used by popular search engines. As an
alternative, you can also Pay Per View too. The 'per' bit is a
misleading though, as you don't actually pay for individual clicks,
but for a set amount people.
Naturally, you can change advertising settings at any time,
including the time of day the ads run or city you're targeting. There
is a full reporting system too, but its fair to say overall Facebook
Ads isn't as easy to use as Google AdWords.
The adverts currently are image based with supporting text
underneath (135 characters to be precise!). They appear on the side bar with two other advertisements.
Rather uniquely, users can literally give the adverts a thumbs up or
down if they don't feel they are appropriate.
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Is it worth advertising on Facebook?
Your choice can be strongly influenced by what you sell. Facebook
is very much a social network for people's spare time, opposed to a
business network. It is more naturally suited to selling consumer
goods than it is business services.
It is possible to gauge some level of interests by visiting the
Facebook Marketplace
(free classifieds). Simply search for keywords related to what you do
and see what comes up. Also, you can get to the research stage before
actually paying. You can for example, see how many people in your
local area whilst using criteria that includes:
- Age
- Sex
- Keywords
- Education
- Work Place
- Relationship Status
- Sexual Orientation
- Languages Used
With showing only three adverts on a page, if you're advertising at
a broad base it may be expensive to run your Facebook Ad. However,
being 1st or 3rd is largely irrelevant as you are not competition for
space like on a search engine.
Creating a good Facebook Ad
Being image based, the design is very important. Not only has it
got to grab attention, but it has to look professional and
trustworthy, otherwise you simply won't get the clicks.
In most Pay Per Click campaigns, you would normally link to your
website. However, to increase viral opportunity, you may want to have
your own business page within Facebook. This makes it easy to share,
and with the more people in a network that join up as a fan, the more
other people will see it on their Facebook homepage.
Unless you are advertising an extremely general product, and have
masses of advertising revenue, there isn't a reason not to be
targeted. As with tried and tested Pay Per Click alternatives, if your
product/service does appeal to many, you can at least create separate
ads for different locations or age groups to test effectiveness.
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