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Facebook Advertising: Is it worth it?

Facebook Advertising: Is it worth it?

Posted 13 May 2009

   

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.

  Facebook Advertising Screenshot

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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