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25Jan

Facebook Helps The Flagging Economy....

facebook marketingFacebook is doing its bit to boost the flagging economy by offering free ad's to small business upto a certain budget - that's Facebooks slant on it anyway.

The reality is that Facebook advertising has never really taken off in the way that Google Adwords did, and in the current market where online marketing spend is, for the 1st time facing its own mini recession, Facebook must get aggressive to try and establish a stable foothold in the minds of those who choose where to allocate their online marketing budget.

Those that have ventured into Facebook ad's in the past have in our experience, always been pleasantly surprised by the depth of the targeting that is available - after all, if nothing else, the one thing Facebook does have over Google is a wealth of personal data.

 

But the other side to this coin is the results are all too often disappointing - yes there can be a healthy ROI ( ad clicks on FB are type for type lower than on Google in general ), but the scale of the results has always been the issue, and here i think lies the inextricable problem with Facebook advertising.

When you are using Google, as a browser, you are looking for something - a product, a service, information, directions - you are by nature of the fact you're on a search engine, searching for something. Therefore, the ad's you see surrounding your search time should match what you are looking for, and so they are well worth your click.

On Facebook, your whole mindset is usually very different - you are posting something, looking at others information, being nosey - what in general you are not doing on Facebook is looking for a new car insurance deal, or buying a JD Bug Scooter.
For us as a digital marketing agency, we are increasingly advising our clients to make use of Facebook ad's, but we also caveat that advice with what to expect - yes you can hit your demographic spot on, yes you can get a good ROI, but you will probably struggle ( unless your product is running an online virtual farm - then you're in the right place ;-) ) to see massive revenue growth and certainly should not rely just on Facebook ad's.

Because we are a very ROI focussed marketing agency, we tend to steer away from the term " Brand Building" when talking about marketing spend, but this is something else FB ad's can do effectively. You may not get many clicks ( so you won't be paying much ), but you will get 1000's of impressions ( think of an impression as a view ) of your ad - whether the browser consciously takes your banner ad in, reads it or remembers it, they will have viewed it, which no matter how small, should carry a value.

So well done to Facebook for offering to help small businesses - oh and at the same time introducing them to a new place to spend the online marketing budget - and if you would like to talk more about how Facebook advertising, normal Pay Per Click advertising, or Search Engine Optimisation can help your business, just give us call or drop as an email, we'd love to hear from you.

@ 09:31

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