facebook sponsored stories update: bold moves for advertising revenue
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Facebook Sponsored
Stories Update: Bold
Moves for Advertising
Revenue
As Facebook continues to grow beyond a mere social network that
connects individuals with other like-minded individuals, their focus looks to be more on increasing advertising
revenue.
To this end, Facebook is offering up many different options for
advertisers. The most recent Facebook Sponsored Stories comes in the form of
sponsored advertising making use of the Facebook search bar. This is an
intriguing method of advertising where rival businesses can draw
traffic from one another.
How this particular type of Facebook advertising works is that a business can purchase advertising space that
is shown when a person does a search using the Facebook search
tool.
One of the examples is a rival game developer that has gaming apps on Facebook can have their advertising shown when somebody searches for
one of their rival game developers applications.
How the Facebook Sponsored Stories
Update Works
It’s important to understand, however, that this type of
Marketing will not actually show up on the search results, but will show up in the typehead of the
search tool. It’s also important to understand that there are certain
limitations for this type of Facebook sponsored advertising.
The main restriction is that businesses looking to advertise in this
manner will have to specify which Facebook business pages their
advertising will appear on. This is not general advertising, so anyone
looking to use this type of Facebook sponsored advertising will have to be very specific about where they want
their marketing to show up.
In addition, this is a pay per click advertising campaign as well.
Facebook also implies that the advertising found in the typehead of
the search tool will be identical to the organic search results of the Facebook search result page.
Lastly, if a person clicks on the advertisement found in the search
tool typehead, it must link them back to a page, an application, a news feed
or something else existing on Facebook. These advertisements will be prohibited from linking people to
outside webpages.
Of the many Facebook Sponsored Stories having to do with advertising, this one may be the boldest move yet by Facebook to increase advertising
revenue and operating capital. Following models used by Google,
Facebook is looking to generate more interest and business advertising by
providing more tangible results to the businesses that will pay for this sort
of marketing.
This is one move of which there will likely to be many more in the future.
Expanding Facebook’s reach from what was once primarily a social
connection network to a fine tuned vehicle for business advertising and
revenue creation.