If you weren’t convinced about fb ads – even google using facebook ads to advertise google chrome.
Facebook search will one day be very important to the facebook ads program. The funny part is you almost never hear anything about facebook search in general and especially when it comes to the ad platform.
If i had to guess they got a team of people over at the new facebook headquarters, working like crazy on search. Ever since their latest redesign that was designed to push users to share more and more with the front and center “whats on your mind” box with quick links to add; links, photos, video. With all that data from the crazy amount of users on facebook, we should be able to be doing very advanced searches – something like what friendfeed already has.
If i had to guess, they are waiting for more people to start sharing more publicly (meaning not just to friends, but more like twitter – which is by default set to share with everyone). Once they start getting all that data & organized – they will have a very very powerful Facebook Search product.
Now Facebook Search will be very powerful tool for the end user but maybe even more powerful for the Facebook Ads Program. Imagine if facebook could start generating tons of searches on facebook.com – forgetting about click-data, but they will have all the current demographic data they already have + search engine data and how it is being used by what users.
Try this senerio on for size;
Ad Buyer: Can you pls show my ad to people in NY, who are male, between 18-35, make 100k plus and search for “XYZ”.
Google adwords rep: hmmmm, how about just everyone in ny???
facebook search ads reg: sure, just use the self-serve facebook ad program.
Now this is the just the tip of the iceberg, how about if i can i tell the facebook search ads program that i only want my add to show up when a user searches for & that user already “visited” and “liked” one of my competitors sites (which would be able to easily by supplying a list of links i want to target). What do you think the cpm or cpc is worth on something that targeted??? …. let me tell you, crazy high!
But like i said it is very surprising you hear noting about facebook search in the news/blogs. Especially when search is suppose to be twitter’s golden egg.
What do you think about Facebook Search? Where do you see it going? What implications will it have on the facebook ads program?
let me know in the comments
~FBADS
Wow, Facebook really knows how to stay in the news. Hey i love it, bec i get to spin everything and hatch my (sometime crazy) theories on the future of the fb ad platform.
About a month ago facebook told us that they will soon let users sign up & login to the site via OpenID. And now they do! While this is obviously the beginning of a full rollout – they have integrated and made live the open id support with Gmail. Starting today you can go to facebook and set up a new account with your gmail account.
There is a great write up on the announcement over at InsideFacebook – check it out.
So what does this mean? For Facebook? For Facebook Ads?
Its means that the one internet company growing like a weed on A-Rod’s steroids is facebook – and now they are putting the pieces in place to let anyone come with any sort of online profile (OpenID will be everywhere in a few years) and signup / login in seconds. Yep, so the weed grows even faster / bigger / stronger.
Now on the Ads side they are just shoring up more and more users that = more and more impressions. More impressions, means more data, more data means better targeting and better targeting = better monetization & ad performance.
Oh and pls dont tell me how not everything facebook does is about thier ad product. Ads are how they plan on funding Mr Zuckerberg’s vision of this next gen social graph / social app. And guess what, its working – Techcrunch is reporting that facebook turned down a VC round at 8 billion valuation & there are rumors that they will do 550 million revenue in 2009. Guess what is generating that 550 million dollars – thats right, the ad product. enough said…
Another smart move by facebook. Im getting used to it
~FBADS
So a few days i ago i searched through the FB ads help center for any clues how they use CPCs (what is the minimum cpc? is the cpc only dependant on the max cpc & ad CTR (click-through-rate) – or is there a host of other stuff? is there a max cpc? can i enter a $100 cpc? etc etc etc)
Anyhow, i will document my findings in more detailed fashion with separate posts – but something just popped up in my facebook ads account that made me think of this specific item:
What was it? This:
So i see this message :
Your bid on this ad may be too low. In order to get more impressions, we recommend that you increase your bid to at least $0.18. For more information about how bids work, please see our help page. Note that your ad is not paused and it is possible that you will continue to receive some impressions.
Now im thinking what, am i losing my mind? i know i read the minimum cpc is $0.01 – and i tried to set my ad to a 0.15 bid — but Facebook Ads is telling me no the minimum cpc for this ad is $0.18. Now im guessing this has to do more with the history of the ad than any “system wide min cpcs”. But just as google loves to tell you the min cpc is 0.01, but you find me some terms that i can get an impression when my max cpc is at $0.01 (forget about a click…). Now i am almost sure that if i delete the ad (instead of lowering the cpc) and re-add it exactly the same – with a CPC of 0.15 it would have gone through and got impressions/clicks.
btw, since i was only lowering my bid to $0.15 & they only suggested a bid of $0.18 ”in order to get more impressions” & bec the ad was making money even at the old higher CPC i raised the CPC back up to $0.18. Although, i will be testing this in detail with other ads at which time i wont comply with their “suggestion” and see what happens. Ill report my findings here.
This will be an interesting trend to track, if anyone gets this message when lowering a CPC or (gasp.) when starting a new ad – pls let me know in the comments.
So the excitement of the day around facebook ads, is how a respected blogger and social media expert Louis Gray posted: I Just Marked All Facebook Ads as Offensive. So Should You. While i feel Louis’s pain, and if i had a nickel for every time i saw an offensive ad on the internet (been working here for over 10 yrs) i would be playing golf somewhere very warm.
Everyone just has to be a little patient … Like i said in a comment on Louis’s post:
Louis – you got to give them time….. Most people dont remember late 2000 when adwords launched it was also common to see non-relevant ads (and they didnt have to decode user profiles, they just had to match keywords).
In time the advertisers will come, fb will enhance their ad platform & using facebook ads will become as common as advertising on adwords.
im following the progress at my new blog; adsonfacebook.wordpress.com – check it out.
thanks
People are very quick to forget that facebook provides them with a FREE social networking experience. No one is asking you to pay for using facebook, in fact they are telling you to use it as much as your heart desires & enjoy it – but lets try to cut them some slack as they prepare to try to build the most advanced advertising platform on the net ALL TO SUPPORT YOUR FREE & UNLIMITED USE OF FACEBOOK and all its features…
So, just ignore the ads for a while if they bother you & before you know it you will be asking how they heck the ads on facebook dont even feel like ads bec they soo damm relevent.
ok, </rant>
Facebook Commenting Widget & What It (could) means for FB Ads
20 02 2009FB Comment Box
A little off topic here for this blog, but try to stay with me and my out-there theories…
So today, facebook launched a publicly available Commenting Widget for any site via its Facebook Connect program. This is a very powerful tool – as it gives the ability to any site/blog to allow their users to use facebook logins to post comments on the site. That means the site doesn’t have to convince the user to sign up for an account, fork over personal info, check there email and verify it etc etc. In this day and age everyone has a facebook account – and now if you have any desire at all to leave a comment on a site that users FB connect commenting widget, there is no sign up – you just login with your facebook credentials and boom - you are verified and ready to leave a comment.
Now, you are probably asking – what the heck does this have to do with facebook ads (given the name of the blog – Ads on Facebook)? Well, here is what im thinking. If facebook can gain mass adoption across the web with this type of widget (which i think they will, given the points above) – they are in essence growing there “available impressions”. The elements inside the FB commenting widget are 100% controlled by facebook. While yes, you can change the background color and the such – you cant add any custom code or HTML to the widget (as most widgets work). So now Facebook has this block of code on your page that totally controls a (commenting) section of the page and can add anything they want. OK, so you know where im going with this – yes, they can use these widgets to display ads.
Now, i understand that fb wouldn’t even dream of adding ads anytime soon – as they want as few obsicales as possible in front site owners so they implement the fb commenting widget. But lets look a few years down the line & half of the web is using facebook connect as a commenting widget – the same time fb is trying to pump revenue to prepare for and IPO… would it be so crazy for them to start placing their ads inside the widget??? Look at google, 6 months ago they didnt have ads showing half the products that they do now (maps, images, there are more – just cant think of any off the top of head) – and now, they are popping up everywhere google can put them. This is also how they started with search – ad-free until people “needed them” for search. Whats gonna happen when site owners need FB for their commenting system.
Or maybe, that havard drop out is even smarter than that & can use the commenting widget (and the other 100+ widgets im sure they are already developing) to create the adsense 2.0 fb-style. Its pretty easy once you got a million sites using your widgets – you give the site owner the option to add facebook ads to the widget and share the revenue via a facebook affiliate program. And just like that, you double, triple your ad inventory… Couple that with the data that facebook can collect on your site – ie. the people who comment – what they like, what they do on fb etc etc. Damn talk about targeted ads!
Its amazing, that in this day and age – where it seems like the entire global economy is collapsing & the govt is about to take over the banking industry (if that doesn’t scare you nothing will!) — facebook keeps on better positioning itself to become the next big thing on the internet (oh, it already is…..).
Here is a 5 minute video facebook put out that shows you how to add the facebook commenting widget to your site in 5 minutes.
Let me know what you think in the comments. Am i crazy? Am i dead on? Do you have some other ideas how they can use these “widgets” for future business purposes?
Comments : 4 Comments »
Tags: adsense, commenting widget, facebook ads, facebook affiliate program, facebook connect, facebook publisher program, google, widget
Categories : Facebooks Ads