If you weren’t convinced about fb ads – even google using facebook ads to advertise google chrome.
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
I like to think about the Facebook Ads program as an baby adwords. It has a ton of potential (just like adwords did when it launched), and looks like it will be one of the few “must buy online ads” (which probably only has 1 player currently – adwords, Goto then Overture and then Yahoo Search Marketing might have been in this list in the past but is not anymore).
That brings me to the post title; Something facebook ads needs to solve that google never had to.
First off, remember that 100% of facebook ads rely on something that facebook knows about the targeted users. From geography, to interest, to age etc – they have to run the magic formula using that data and post the (hopefully) targeted ads.
The Adwords search program is different where the ads are showing only showing when the user is actively pursuing the targeted keyword, and then the ad can only shown next to other links, ads etc and not have to worry about the ads showing next to anything other than some misspellings. Now i know that a large part of adwords is adsense where advertisers target contextually relevant content to show ads. While it makes alot more sense to compare facebook ads to adsense than the adwords search-only network — google is a “must ad buy” bec if a company is worried about where and how the ads will show up, then can opt out of the adsense network and still pay google a ton of money for web advertising. Facebook doesnt have that option and needs to figure it out.
The funny part, this apparently was something that plagued the myspace ad program that they subsequently fixed.
the post was prompted when i can across this article: Facebook warned to improve online advertising
here is the text from the article:
Advertising agencies have pointed out that marketing material is appearing in inappropriate places on the website.
The claim follows a news report from New Media Age that Tesco has stopped advertising on Facebook after its marketing material was found alongside groups which supported holocaust denial.
Commenting on the misplaced marketing, a Tesco spokesperson told the news provider: “It´s an extremely offensive group and we wouldn´t want to be associated with it.”
Guy Phillipson, chief executive officer of the Internet Advertising Bureau, said: “Facebook should take the lead from MySpace. It should have people or technology to ensure advertisers can exclude ads from offensive groups.”
Facebook said that it gives advertisers the tools to control where their marketing material appears and this includes the ability to exclude them from particular groups.
Meanwhile, according to Reuters, more than 200 million Facebook passwords have been stolen by phishers and spokesperson for the website Barry Schnitt said the company was in the process of cleaning up from the attack.
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Let me know what you think, pls weigh in with your thoughts in the comments.
~FBADS
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