Have you tried to use Facebook advertising and had no luck? I have spoken to a lot of business owners the last couple of years that have said to me that I tried to advertise on Facebook and it was a waste of time. First of all, I will be the first one to say that Facebook Advertising is not for every business and if people can easily buy your product elsewhere, or can compare prices easily online, then selling your product on Facebook is going to be difficult. However, on the flip side if your product is unique or personalized then Facebook advertising is for you. Facebook is the worldwide capital of individual expression and it is perfect to sell customized and personalized products. Here are ten questions every business owner needs to ask before advertising on Facebook.1.) Can people buy a product very similar to yours at a big box store, i.e Walmart? If you sell a product that can be bought easily in a brick and mortar store and at a lower price like a discount store like Walmart then it is going to be harder to sell your product and make money with Facebook advertising unless you are the lowest price.2.) Do you sell to consumers? (B2C) Facebook advertising is for you if you sell to consumers and not businesses. Remember Facebook is a place to socialize and hang out with friends and family and if a friend or family member talks or brags about something new they just bought you have a potential new client.3.) Do you sell to other businesses? As I just mentioned if you are a business selling to other businesses then Facebook advertising is not for you. However, and exception can sometimes be if you sell to small businesses with few employees because at those types of businesses work and home are sometimes mixed and blended together.4.) Is your product technical, industrial, process oriented and/ or academic?If your product is highly technical and process oriented it will be tougher to sell and make money using Facebook advertising.5.) Do you sell events, memberships, experiences, and/ or entertainment? If you sell “fun” Facebook Advertising is a great place to promote your product. Products that appeal to a person’s core identity are great products to sell on Facebook. Because Facebook is social people are always asking “Where have you been?” What clubs do you belong to?” and “Where do you want to go?”6.) Do you sell personal improvement products or travel? Again, products that get to an individuals core identity and emotions are really good products to use Facebook advertising.7.) Are your products or services customized, delivered in person or personalized? Answering yes to this questions puts you right in the sweet spot to use Facebook advertising. The more your product is personalized and customized the higher your chances of getting people to click your ad and purchase from you.8.) Does your market have strong preconceived notions about what your prices “should” be?If your product or service is easily defined in the market place on price it will be more challenging to use Facebook advertising. However, if your product or service is one that the marketplace really does not know what it costs then you probably have a real good chance of profiting from Facebook advertising.9.) Does your business harmonize with political, religious convictions, beliefs or social movements? If you answered “yes” to this question then you hit another sweet spot because if your product or service harmonizes with a person’s identity – political affiliations, religious convictions, beliefs, or social movements then you will have a significant advantage using Facebook advertising.10.) Is your business local or national? In a previous post I wrote about Facebook advertising – I mentioned that if your business is local and someone can turn a door knob then you have a really good shot at getting new clients from your Facebook advertising. There is one caveat and that is you need to have answered yes to at least questions #2, #5, #6, #7 and possibly #9. If you were able to answer yes to all of them then I would say Facebook advertising is for you.I hope these 10 questions help clarify for you on whether or not Facebook Â is right for you. Also, just so we are straight just because you may have a product that does not sell well using Facebook advertising that does not mean that you can’t use it to build your brand and awareness of your product.If you would like to learn more on how to use Facebook to get traffic and customers to your site I have developed a course for business owners that helps walk them through the process step by step. You can learn more about it at www.gettingfbtrafficsystem.com.
What Is An Acceptable Facebook Advertising Cost?
The trend nowadays is that more and more people are having their time on the social media sites and this is already noticed by more web marketers. This is seen as a great opportunity for effective marketing of products and already attracting more marketers who are in constant search of possible customers.For a web marketer who is just starting to ride on this opportunity it is great to have a promotional campaign with Facebook considering that it is the most popular social site and with the most number of active users. Promoting your website in this social networking site can bring you tremendous amount of opportunities.And what is good with this social site is that most of its active users log on daily which can be such a great opportunity for marketers. There can be daily probabilities of users viewing you fan page, update page or other business related pages you have in this social site.And Facebook ads are also considerably less compared to other ad campaigns as observed by many web advertisers. They say that Facebook ads are reasonable which can allow any new web marketer to test the ads even if they have limited budget.But if you have tested an advertising campaign with the other networks and had a taste of the ad results, what can be said as an acceptable Facebook advertising cost may hound you. You many have some experiences already with other ad campaigns and with lower costs also so this may be a big questions which you need some answers.It is best for you to seek out the guidelines for setting up a Facebook ad and start your ad campaign with a pay per click scheme. They will give you a suggested bid range and you can start off with an amount that is much lower than the lowest in the suggested bid range and see if your ad will run.Facebook will monitor your ads and if you are not getting enough click throughs your ads will just stop running. In this situation you can raise your bids and test run your ads again ad monitor the results so that you will know if you need to raise again your bids.To have an effective ad on Facebook you have to understand that this is a social networking site and people are not searching for something they need but merely socializing. So creativity in the making of your ads plays on important key to make it effective.But what is important is that you have lots of opportunities with the number of users you can possibly reach. And another advantage on your side is the lower cost that you can possibly spend in this campaign.
All About Facebook Advertising Costs
Facebook is the biggest social networking site in the web with its more that five hundred million active users and what is interesting to note is that most of these users log onto this social site daily. This is one thing that makes most internet advertisers keen about the power of this social networking site to reach to millions of potential customers worldwide.Facebook advertising has been known to cost less than spending on advertising with the other networks with its lower costs on keywords and per impressions. And with this lower cost also comes other factors like stricter guidelines for doing advertising campaigns, unlike with other networks where advertising regulations are less strict.But with the much lower cost and the more capabilities to reach out to more viewers, the stricter guidelines will not be a hindrance, and if you will just adhere to these, your ads will more likely be approved. If you had an ad campaign with the other networks and already had an idea of the higher ranked costs, then your advertising plan with Facebook will not give you problems because Facebook adheres to market prices and you can even bid slightly lower.You can choose between cost per click advertising (CPC) or cost per thousand impressions (CPM) strategy with your advertising plan on Facebook. But before you start with your ad campaign you have to recognize first your intended customers and base your ads with the geo-targeting data that Facebook will furnish you.Advertising on Facebook needs for you to identify what your objectives are if you do these advertising strategies. If you want your targeted customers to click on your ads and make conversions, then the cost per click is ideal for you but if you want to promote your brand and create awareness to people the cost per thousand impressions will be an ideal strategy.Whether you opt for cost per click or cost per thousand impressions you have to set your daily ad budget with reference to the maximum bid you placed for your ads. This is essential because with your ads placed on this social site, when your daily ad budget is already reached your ads will automatically stop displaying which can be to your advantage if your funding is on a tight fix.There is a lot of buzz that advertising on Facebook may not give you the benefits you desire for this campaign, but if you only make your viewers the single most important factor in your advertising campaign, you may just reap the benefits. With its geo-targeting platform you can make this campaign successful if you only put more emphasis on your viewers and you only need to think that advertising with Facebook cost less.