With more than 150 million unique visitors per day, it’s obvious
that
Facebook is
an ideal advertising platform because of its
traffic
levels alone. However, the mega social site also offers a unique ad
creation, results tracking, and consumer profiling system that really
simplifies the process of getting your ads in front of targeted
audiences. Last year
Facebookbrought in close to $10 million in ad revenue, and that number is
expected to continue to rise as companies in every industry realize
the following 4 benefits of using Facebook Ads:
You can choose to only display your ad to users that meet
predefined requirements, with optional filters including gender, age,
location, likes and interests, workplace, education, and relationship
status. If you’re the administrator of a fan page, event, or app,
the connections targeting feature lets you choose to only display the
ad to members of your fan page/event or people who are using your
app. In fact, as you refine your targeted audience using the wide
range of filters, the interface displays an approximate number of
users you’ll be able to target using the current criteria.
In comparison to other PPC advertising platforms, like
GoogleAdwords, Facebook Ads give you a larger character count to work
with. Instead of strictly using text-based contextual ads, Facebook
allows you to create ads with image backgrounds. Furthermore, the ads
you create will be visible to smart-phone users, so you can target
mobile audiences as well.
With the ability to use photos to entice users you can drastically
increase your click-through rate (CTR) and boost the overall
profitability of campaigns. There is a huge difference between the
efficacy of a pure text ad and one that allows for visual attraction.
Someone is far more likely to be drawn towards viewing an ad when
they see a photo in their peripheral vision.
Statistics show that
mostpeople log into Facebook several times a day, and each time they
access the site they may be shown the same ads if they fall within
the targeting criteria of an advertiser. Adversely, how many times a
day will a person conduct the same Google search? Multiple ad
impressions give you more chances to catch the attention of your
intended audience.
Finally, staying within your budget with Facebook Ads is very easy
because you can set daily and lifetime expenditure limits for each
campaign. You can choose whether you want to pay for clicks on a
cost-per-click (CPC) basis or buy units of 1000 ad impressions (CPM).
If you’re running a campaign that intends to sell a product or
service, paying on a CPC basis would be ideal. On the other hand, if
you’re simply trying to increase brand or fan page awareness,
paying for impressions may be more suitable, as you don’t actually
need someone to click the ad in order for it to leave a lasting
impression.