Marketing Pilgrim's "Social Media" Channel

Sponsor Marketing Pilgrim's Social Media Channel today! Get in front of some of the most influential readers in the Internet and social media marketing industry. Contact us today!

Facebook Working to Amp Up Ad Opps



facebook2Facebook has been a little quiet as of late. Apparently if you aren’t a search engine moving in on the flagship product of your sworn enemy or you’re not the media darling with apparently little or no security in your fiefdom it’s just not news.

Well, it looks like Facebook has been keeping their heads down and their noses clean and doing something that they have deemed pretty important; finding ways to make money. The Inside Facebook blog tells of three new additions to the ad network offering that make it easier for advertisers to target folks within Facebook. These additions come on the heels of some other improvements that are almost flying under the radar but the numbers are starting to show some progress. Considering that these actions are around actually doing business it’s a breath of fresh air as compared to the speculation and drama that is in the Internet industry news.

The recent spate of enhancements to Facebook Ads is continuing today with several new ways to target Facebook ad campaigns. Last week, Facebook turned on time scheduling, and this weekend, ad editing. Today, it’s enabling three new features: connection targeting, multiple country targeting, and birthday targeting.

Here’s a quick summary of three new enhancements

Connection Targeting

This allows advertisers to hit specific groups within their network of connections. This targeting allows an advertiser to directly put ads in front of fans of any of their pages, users of any of their applications, members of any of their groups and attendees of any of their events.

Basically, Facebook wants to make it easy for business and brands to increase engagement with any users they’re connected to on Facebook through Facebook Ads, using it as a paid notification or cross-promotion channel. You can also target users who are connected to one of your Pages/Groups/Apps/Events but not to another in order to do more specific cross-promotions.

Multiple Country Targeting

Now rather than having to create individual ads for each country, advertisers can now create one ad for up to 25 countries so the benefits of this offering are obvious.

Birthday Targeting

While I don’t pay much attention to my own birthday, many folks on Facebook really do. Facebook sees that and is allowing advertisers to target these folks at a time that they may be so giddy that they’ll buy something.

The expectation is that Facebook is going to be adding enhancements pretty rapidly in the near future. When you have over 200 million ‘members’ it can be incredibly powerful to slice that group into more and more targeted segments so advertisers will have success without breaking the bank. Should be interesting to watch. Remember that $500 million in revenue number that was floating around recently? There will need to be innovation to get there and maybe Facebook gets it.

  • http://glennfriesen.com Glenn Friesen

    Finally, ads that inundate my social life better! All heckling aside, this is honestly great news. Ads _should_ be more focused for products I like and like to use. A great thing, because I’m really tired of seeing irrelevant ads for government surveys. Great coverage – thanks!

  • http://www.frankthinking.com Frank Reed

    @Glenn – It is a bit of a double edged sword isn’t it? As much we would like everything to be free it just can’t be. We have got to get over this everything is free and entitled nonsense that is being put out there as the norm. When people get what they didn’t deserve or could afford you get well….our current economy. People need to settle for less in terms of quantity and more in terms of quality. Quality costs money to produce and maintain. Thanks for coming by.

    Frank Reed’s last blog post..Good Sales Help is VERY Hard to Find

  • http://www.virtual-coach.com/ Barbara Ling, Virtual Coach

    Making money is a very good thing (especially to keep important networks like Facebook viable) – more power to them.

    Barbara Ling, Virtual Coach’s last blog post..How to dramatically increase your optin list with ease

  • http://www.heilkunde.com schuessler

    I think with this revenue of $500 million there is a lot of space for innovations coming up.

  • Pingback: Overly Positive Thoughts: Gotta Friend ‘Em All!