The huge popularity of Facebook is unquestionable. It has overtaken MySpace as the largest social network in the UK - a fact that marketers are starting to wake up to. After all, where there are huge numbers of people, there are advertising opportunities and money to be made.
For a while now, Facebook has offered a targeted advertising solution called Facebook Flyers.
Anyone can create a flyer (ie an advertisement) and have it served to any segment of the Facebook membership based on geographical location, interests, gender, age and many other segmentation attributes, as shown in the screenshot below:
With pay per click advertising getting ever more expensive on the Google AdWords network, I thought I'd give Facebook Flyers a go.
The test ads
For my test, I set up 3 flyers for 3 different affiliate products, each with different targeting selections. The images below show both the flyers and the targeting:
If you are familiar with Google Adwords, there are a number of things that Facebook Flyers do differently.
Firstly, as you can immediately see, you can add an image to make your ad more visually appealing.
Secondly, the targeting options are better - since you are targeting actual Facebook members who have given Facebook lots of personal information (age, gender, interests, home city etc etc), Facebook allows you to use these to determine whether or not your flyer will be displayed. (Dean Donaldson discusses whether or not this is a good thing in his recent post Facebook plans to sell my garbage).
Setting up a flyer is a simple job. Each of the ads went to a dedicated affiliate landing page which, according to the affiliate network Commission Junction, converted well. I started off with pretty cheap maximum cost per click ($0.05 each) and a daily budget of around $10.
So within 10 minutes my 3 flyers were up and running and the impressions started ramping up.
So how did they fare? Check back soon for the follow-up post on the full results, click-through rates and conclusions. Why not make life easy for yourself and subscribe to my feed so you'll get part 2 automatically?