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Re: Facebook for small business? Mar 21, 2008 12:02 AM
We deliver over 100 million ads per day on Facebook. The demographic is college kids primarily, so whether you should advertise depends on what kind of business you run. If your business skews towards older folks, Facebook is not the place. True, Facebook does have SocialAds, where you can buy clicks just like with AdWords, except demographically targeted (select age, gender, interest). However, we've seen few folks get any volume.
That said, you should still set up a page on Facebook anyway. It costs you nothing and takes 5 minutes. If you have a fair number of friends already on Facebook, invite them. If you are new to Facebook, then you'll have to pay for advertising--- again, cheap, but also likely to produce few new leads.
If you sell a product or service that does appeal to the college crowd, then do create a page. Go to facebook.com/ads. Load it with lots of content, especially pictures and video. Then create some SocialAds and bid on a price-per-click basis. I recommend 10 cents a click. You should target on age and gender--- plus make sure you select the right geography--- US is the default, I think. You can target on profile attributes-- but remember those variables are usually related to music preferences, movies, and other media favorites. The fact that they may be a dentist or looking for a massage therapist or [insert your business here] might not be easy to determine based on their personal interests.
The good news is that Facebook has 65 million users. The bad news is that they're mostly college. Folks will quote the number of users that are 30+ years old. While that number is large, their share of usage is actually low, since the average teenager consumes way more pages than a busy professional.
Hope this helps. For those who might have more questions on Facebook advertising or PPC (price per click) in general, happy to provide free advice.
Dennis