May 6, 2011
Facebook wants users to watch entire ads from their advertisers and to accomplish that goal they are now paying site visitors to view adverts. Launched on Thursday the company is now offering Facebook Credits to watch certain video based ads.
Facebook Credits can be used to purchase in-app products, such as products found in Farmville and they can be used on Facebook’s new Facebook Deals platform, a competitor to Groupon that offers daily deals with offers often discounted 50% or more on retail goods and services.
The price for watching an ad isn’t huge, right now just one Facebook credit ($.10), but it does signal a new way to engage users who might typically exit video ads as they appear. read more
Tags: Facebook, Facebook Ads
March 24, 2011
Are you sick and tired of seeing teeth whitening ads on your Facebook account? Or perhaps even ads that seem to fully miss your lifestyle? Facebook may soon have an alternative, the social networking company this month began testing a new way to target users by data mining their real-time conversations.
The current testing environment is only targeting 1% of Facebook users, an amount equal to approximately 6 million users, not a bad study group.
The move marks yet another attempt by Facebook to more directly target users, you may recall that they recently began offering “sponsored stories” in which users brand interactions are posted via a side bar with included ads.
The new program is simple, for example a user may type “I really want to buy a new pair of Nike basketball shoes” at which point they may immediately see a Nike ad, perhaps a coupon for “x amount” off a pair of shoes at Foot Locker.
For users who may be a bit confused, it is true that targeted ads have been offered for some time now on Facebook, however a real-time based ad platform is a new opportunity for the world’s largest social network.
The platform is being tested on only 1% of users because Facebook says the algorithm they use is so complex that it must be tweaked to perform at levels advertisers will appreciate. Unlike search engines such as Google and Bing, Facebook often ignores keywords and looks at other factors to determine which ads will best target their core user groups. read more
Tags: Facebook, Facebook Ads, Facebook Advertising