Facebook is the undisputed king of social media platforms, serving as the primary location for friends to communicate and exchange information online. Facebook has evolved into a forum for companies to advertise themselves via engagement with consumers and self-promotion, rather than merely a place for friends to congregate.
In this piece, we’ll look at seven different methods to leverage Facebook for marketing.
Whether you’re a large multinational or a tiny local business, Facebook is an effective marketing tool — it’s a wonderful place to keep consumers updated, create brand identification, and expand your reach.
For companies, a Facebook profile is an excellent free marketing tool. These sites let companies to define themselves – not just by displaying product products and services, but also by sharing links, photographs, and postings on a customizable page to provide a deeper sense of a company’s personality and character.
Your Facebook business page is an excellent place to create your corporate identity and demonstrate your human side. Facebook is a place where you can let your hair down a little — don’t be scared to be hilarious.
Finally, think about what your target audience would want to see. Share social media photographs, links, videos, or anything else that is relevant to your company and seems to be something your target audience will appreciate. Utilize Facebook Insights to determine what resonates the best with your target demographic.
A footwear business may publish an article on how to precisely measure your foot size, what kind of shoe inserts are ideal for certain painful feet troubles, and so on, in addition to humorous videos of dogs walking in small shoes. A good combination of humour, educational information, and postings about your store’s latest developments is great.
Facebook Advertising: Standard Ads Facebook adverts, which display in the side columns of the Facebook site, are their own sort of advertising. These traditional advertisements are known as Marketplace Ads. They consist of a headline with content, a picture, and a click-through link to a Facebook page, a Facebook app, or an external website.
Facebook advertising features include the following:
Facebook user data on age, geography, education, and hobbies is used for demographic targeting.
The capacity to determine advertising expenditures.
Ad testing, in which many ad versions are run concurrently to evaluate ad concepts and settings.
Ad performance measurement tools are included in.
The opportunity to advertise in your specific area—excellent for small companies.
Because Facebook does not provide statistics on ad CTRs, it is impossible to determine how effective Facebook advertising are. According to our Facebook Ads versus Google Display Ads Infographic, Facebook ads have a CTR of 0.051 percent and an average CPC of $0.80; however, a business’s Facebook advertising cost may vary greatly based on the targeting choices used and competition.
Using Facebook advertising to boost “Likes” may be quite useful — when a person likes your page, they effectively become followers of your company page, and your postings will show in their Facebook news feed.
As a consequence, more people will connect with you and your business, creating relationships that may lead to conversions in the future.
Another Facebook marketing approach that might generate followers and company exposure is to run Facebook contests, sweepstakes, or promos.
When running a Facebook contest, keep in mind that competitions cannot be hosted by Facebook (you can’t ask for likes as entries, have people submit answers in the comments, and so on). Businesses must create their Facebook contest using a third-party app, then refer visitors to the app from their Facebook page.
There are several commercial and free programs available to assist you in your endeavor. Shortstack provides a variety of free contest templates as long as your page has less than 2,000 likes. Pagemodo also offers a free version. Many third-party Facebook contest applications have free versions, but your choices are restricted with them.
Facebook Promoted Posts allow Facebook page owners to pay a set amount to have their individual Facebook posts reach a specified number of people, improving the reach and impressions of a given post.
Some companies have questioned why they should have to pay to guarantee that their posts are viewed by people who are fans of theirs. If a person likes my page, shouldn’t they always see my postings in their news feed? The answer is no, since it implies that people spend every waking second of their lives scrolling through Facebook’s news feed. We hope this isn’t true for the sake of your Facebook friends’ health and safety!
If a fan of yours happens to be scrolling through their news feed at the time you submit your article, they are likely to notice it, but there is no assurance if their news stream is clogged with other postings. This is where Promoted Posts comes in; it increases your chances of being noticed in a user’s news feed. Facebook Promoted Posts are presented to existing fans, with the possibility of reaching fans’ friends.
Promoted Posts are simple to configure – just click the button under any of your page posts.
While the fixed charge makes the procedure easier, Promoted Posts lack the targeting capabilities available in other Facebook advertising.
Sponsored Stories are a sort of Facebook ad that displays to a user’s friends their interactions, such as a Facebook like.
Sponsored Stories aims to profit on the notion of “word of mouth” marketing. When a person notices that three of his friends like a certain website, he is more likely to pay attention. The purpose of Sponsored Stories is to get users to do the same thing their friends do. Advertisers may opt to display friends who have “liked this page” if they want more page likes, show friends who have “claimed this offer” if a company wants more users to claim deals, and so on.
While a friend’s activity of like a website or claiming an offer is instantly broadcast in a user’s news feed, these postings are easily disregarded. Sponsored Stories are given preferential placement, with the ability to appear in news feeds and the right side bar. Sponsored Stories are also the only ad type that may be seen on mobile devices.
Sponsored Stories may be utilized with any Facebook Open Graph app, not only likes or offers. If a friend has recently loaded Scramble With Friends on Facebook, Sponsored Stories may inform viewers that their buddy has just played the Scramble game, with an invitation to “challenge,” “play with,” or any other version.
Sponsored Stories, according to Facebook, have 46 percent better CTRs and 20 percent cheaper CPCs than ordinary Facebook advertisements, making them a real marketing approach on Facebook.
Facebook Sponsored Stories may be simply established using the Facebook ad creation procedure. Advertisers must employ a third-party supplier for Open Graph Sponsored Stories with a tailored call to action.
Businesses may utilize Facebook Open Graph to mark a user’s activity with their app. Every day, billions of interactions are uploaded using Facebook Open Graph.
Businesses may develop third-party applications that connect to a user and notify Facebook when the user takes a specified activity with the app. Outside of the conventional “like” and “comment,” Facebook’s Open Graph enables for more imaginative interaction choices. Posts may advise that users “listen,” “taste,” or “read” — the choice is up to companies.
Almost every time a site or app asks users to sign in to Facebook, it is to link the user with the Facebook Open Graph.
Open graph activities are being classified as a new sort of customer tale that capitalizes on the word-of-mouth phenomena. Because open graph posts are made by a known friend rather than a company, they are more relevant to users, making them the newest and best of Facebook marketing tools.
Advertisers may use Facebook Exchange to benefit from ad retargeting on Facebook via real-time bidding. Advertisers may target audiences based on online history data — for example, if a person sees a product page on a retailer’s website but does not buy, the shop can then use FBX to show an ad for that same product on Facebook.
While Facebook retargeting advertisements were previously restricted to the side columns, they are now permitted to display in news feeds, the most valuable Facebook real estate. This is wonderful news for FBX marketers since reaction rates for news feed advertisements are 10 to 50 times greater than those for right column ads.
So, how effective are Facebook Exchange ads? The CTR for Facebook Exchange advertisements is 40% lower than the CTR for other online retargeting ads, such as those provided by the Google Display Network. Other retargeting advertising are likewise less expensive, with the cost per unique click being 80% less than that of Facebook retargeting ads. However, in terms of cost-per-impression and cost-per-click, FBX advertising are much less expensive, thus the monetary rewards are dependent on your company’s demands. These figures are also susceptible to change as FBX adverts become more prevalent in the news stream.