Currently, waiting for Twitter’s fail whale to disappear…

Anyways, I’ve been thinking about Facebook advertising lately. Have you ever used it for your business? It can even be a pretty effective way to get new fans to your Fan page and more. When you start your Facebook ad campaign, you can either set a maximum price per click (CPC) or per impression (CPM ). You will also be prompted to set a daily budget, which Facebook will not go over (unlike Google). Facebook is going to roll out a beta version of ad conversion tracking. The service will allow you to calculate the ROI of your ad campaigns. Really excited for this to make its way to my account so I can try it out!

The key in direct marketing is choosing your target audience, and with Facebook ads, you can do just that. There are 11 different criteria that you can use to your advantage. Don’t hesitate to take your time to think of the relevant users you want. Did you know that you can target users on their birthday? You can also target a specific radius within cities and even users who have a certain interest or activity. Facebook coupons come up frequently, so make sure to check. I just got a $50 credit and it’s a great way for small businesses or individuals to test their ads.

Some more interesting-reads for advertising on Facebook:

10 Rules for Advertising on Facebook
Facebook Ads Best Practices
Facebook Advertising – An Opportunity for Deep Targeting at Very Low Cost
25 Bad Facebook Ads
Is the big Facebook advertising experiment working?