Monday, June 18, 2012

Facebook to Let Advertisers Bid on Ads Using Your Browser Data

Facebook is expected to introduce real-time bidding as a feature to their advertising. This is something that Google has done for years, which legs advertisers use browsing history to target users.
Facebook Exchange, the bidding feature, is projected to be launched in a few weeks. Facebook is currently working with eight different firms, such as Turn, TellApart, MediaMath, DataXu, AdRoll, Triggit, and The Trade Desk, to create this feature. Facebook has just begun to include cookies to track users by their browsers. Third parties will match information from other sites with those cookies. If a user searches for “truck,” and then goes onto Facebook, advertisers in the auto industry will be able to show that user ads on Facebook for trucks.

Although Facebook’s traditional advertising is very successful, the new changes will allow for advertisers to achieve more impact and insight, more quickly, at a smaller cost. Facebook already leads the U.S. display ad market, with a 14% share in 2011, and is expected to rise to 16.8% in 2012.  

Wednesday, June 6, 2012

5 Hot Facebook Marketing Trends


Facebook has drastically changed in the past year, and marketing on it has changed as well. The image-heavy Facebook timeline has made many changes for how businesses market their products and services through the social media site.  There is an impressive amount of pressure on Facebook to be advertising friendly, and a lot of this comes from the fact that with its 133 million users, it can potentially have a bigger audience than the Super Bowl.

The first marketing trend the new Facebook has is the ability to post more and larger photos. Consumers are getting used to a more image filled web, so the new Facebook design features much bigger pictures than before. An analytics firm that measures brand performance, Simply Measured, confirmed a 65% jump for photos and videos combined that companies posted on their Facebook timelines. Sprinkles Cupcakes is a strong believer in the effectiveness of posting photos and videos to their Facebook page, especially with a call to action, seeing the number of likes and comments triple when one exists.

The second trend Facebook timeline has is tapping real-time data. Businesses now have the ability to immediately see the success of their campaign, while typically you have to measure the results at some point in order to see if the ads are working or not. This past April 17th on Tax Day, TurboTax saw their Facebook post on “Most Common Tax Questions” doing well on Facebook’s “People Talking About This” page, so in turn they advertised on Facebook to increase the reach of the post.

The third trend is to use your Timeline cover photo for marketing. With the cover photo being a giant picture at the top of the company’s Facebook page, brans are realizing this photo can be a banner ad. The huge image provides instant exposure to all of the brands Facebook fans. Other brands are using the cover photo as an interactive photo for their fans. With different call to actions, such as posting a question on the image, fans can now interact with the cover photo.

The fourth trend the Facebook timeline creates for marketing is the gamification of posts. Coca-cola is a very well-known brand on Facebook.  Coca-cola has been posting URL riddles to its millions of fans. Along with them, JetBlue has also been posting more interesting and interactive posts such as “Fill in the Blank” status updates. JetBlue received 182% more comments per most than other typical brands with their post gamification method.

The fifth and final trend on the new Facebook timeline is creatively saying ‘Thank You’. By coming up with creative ways to thank your fans, you can single out and give your fans praise while entertaining the rest of the fans, who normally would have been uninterested in the post. Kraft Mac & Cheese did this by posting a 7-minute video thanking 4,800 fans who had “liked” a post of theirs. The video consisted of a song which included each of their individual names. The 4,800 fans were individually thanked, and the rest of the fans were still entertained in the process.