With the rise of Facebook, advertising on the platform is bound to become a major marketing tool. The sheer number of users on the site has so far made the ad model a very lucrative option for marketers. The ROIs are comparatively higher than any other advertising platform and, thus, a good bet.

Facebook Ads

Numerical Advantage

With near 600 million users to target from, Facebook provides for a very large collection of interested audience. Along with a very precise targeting tool, this interested audience could be easily and effectively engaged by a brand. All one needs to do is feed the desired set of combinations and Facebook does the rest. With past experience, it can be said that a budget as low as Rs. 20,000 can get an audience of about 3000 and total impression going as high as 60, 00,000 (In normal CPM language, it is Rs. 3.84). That is a lot of viewing for an advertisement.

Facebook Advertising Targeting

Hence, keeping in mind the benefits that can be derived from Facebook Advertising, it is very important that we are aware of what are the basic guidelines of the same. The following guidelines apply to all adverts appearing on Facebook, including adverts within canvas pages of Facebook Platform applications.

The Basic Guidelines for Facebook Advertising

Facebook reserves the right to reject or remove advertising that they deem contrary to their advertising philosophy. These guidelines are subject to change at any time and Facebook may waive any of these guidelines at its discretion.

Following these basic do’s and don’ts would help us put up better advertisements quickly and easily.

Do’s:

1. Link the Adverts that contain a URL or domain in the body to that same URL or domain.

2. Clearly represent the company, product or brand that is being advertised

3. Products or services promoted in the advert must be directly available on the landing page

4. Target adverts with adult themes, including contraception, sex education and health conditions to individuals at least 18 years old. Platform adverts should do this via demographic restrictions, not by obtaining user data.

5. All ads must comply to the legal standards of the region it has to be displayed in

6. All intellectual property right should be with the advertiser.

Don’ts:

1. Do not use multiple Facebook accounts for advertising purposes unless given permission by Facebook to do so.

2. Do not automate the creation of accounts or adverts unless given permission by Facebook to do so.

3. Do not put unsubstantiated claims, including but not limited to prices, discounts or product availability.

4. Do not insult, harass or threaten a user or put audio that plays automatically, without a user’s interaction. Any automated animation must cease after 15 seconds and must not replay.

5. Do not use "fake" close behaviour (ie. when a user clicks the ‘close’ icon on the page, the page should close down and no other behaviour should result) on the landing page

6. Do not utilize "mouse trapping" whereby the advertiser does not allow users to use their browser "back button" and traps them on their site and/or present any other unexpected behaviour (for example, navigation to another advert or page).

7. Do not ask to submit Personally Identifiable Information (such as name, date of birth, phone numbers, social security number, physical addresses or email addresses) on the landing page or in the advert, except to enable an ecommerce transaction and where the advert and landing page clearly indicate that a product is being sold.

8. Do not imply any endorsement of the product, service or advert destination by Facebook or should mention that Facebook endorses the ad or the product.

9. Adverts on controversial topics, products or prohibited content shall not be allowed

10. All targeting should be in line with the laws of the country the advert is being targeted and not violate any copyrights.

We hope these simple guidelines gives you an insight to how Facebook Advertising works and what are the promotions you can do and which one you have to avoid.

You can also read more about Facebook Advertising in one of our earlier post, Advertising Goes Social. 

Do you use Quora? Should you use Quora? In the last couple of weeks, Quora has become the trendy pick as a breakout site for 2011. Traffic increased tremendously in December but then more than doubled again in early January, as per information released on Quora couple of weeks ago.

What’s the noise all about?

Quora is an online knowledge market, founded in June 2009, launched in private beta in January 2010, and made available to the public on June 21, 2010. Quora aggregates questions and answers on many topics and allows users to collaborate on them.

Quora’s service allows users to ask questions and give answers. Additionally, users can comment on the questions and answers and “upvote” or “downvote” the answers. An “Answer Summary” can be created to reflect the consensus of the community. This summary is a wiki that can be edited by any registered user. Recently a blogging feature called Quora Posts has also been added.

Upvote and Downvote Option

Who is behind the noise?

Co-founded by Adam D’Angelo (Facebook’s former CTO) and Charlie Cheever, it received funding from Benchmark Capital in March 2010, valuing the start-up at a rumored $86 million. Matt Cohler, a former Facebook executive, has taken a board seat at the company.

Co-founder Adam D'Angelo and Charlie Cheever

Why so much of noise?

On December 26, 2010, Robert Scoble, a technology evangelist who earlier was at Microsoft and is known for his prominent blog Scobleizer, blogged ‘Is Quora the biggest blogging innovation in 10 years?’ This effectively endorsed the site as the next big thing.  PC Magazine, Techcrunch, TNW and FastCompany were amongst the many media outlets that quickly followed.  This, coupled with social graph on-boarding with Twitter, Facebook and email integration, lead to truly viral growth.

Pegged as a reverse blogging site rather than a simple Q&A site, Quora is trying hard to establish itself as an alternate to Yahoo Answers. According to the co-founders of the site, Quora is canvas waiting to be painted upon. “When you come to a question page on Quora and it’s blank there are a bunch of people waiting for the answer. An expert will look at it and say there’s an audience here and I know exactly what they want to hear. And I actually know about this stuff, or know enough to research and produce a really interesting piece of content, and it’s going to go to the perfectly targeted audience who opted in to hearing about this.”

What seems to be giving Quora the edge over other sites is the fact that each response has to be supplemented with the user’s real identity. This makes the answers that more authentic and believable. People say they feel smarter after they use Quora.

The magic of revealing the identity lies in something about the quality of the people and the content. Real discussions break out on Quora all the time. The signal to noise ratio is extremely high. Quora is a great place to find answers about products from prominent people involved with them. It’s also a great place for those prominent people to disagree, publicly. And this gives it a clear advantage of being live and buzzing.

How is the noise being created?

Quora is solving the problem that Google’s been trying to solve forever – creating the database of intentions. The most important thing about searching is to have a properly framed search string that will lead the searcher to the desired result.

In most of the cases, this perfect question has already been framed and been answered. All one needs to do is find it. And that is exactly what Quora is doing. This cuts out the link web that google provides for a query, or avoid the mindless answers people post on Yahoo answer. And unlike Linkedin, where you may get a great answer, you are not restricted to how many questions you can ask or look for.

Has Quora found a voice in India?

Not yet. Though according to Google AdPlanner, Quora has 30,000 unique monthly users in India — around 8% of total Quora users. Most people who use Quora in India are just beginning to get a feel of how this unique platform works. But make no mistake, going by the rate at which Scribd became the place to research for information in India, Quora will soon be amongst the most popular research site. Just for reference, while researching for this article we came across this question on Quora: “What are the key differences in economic policy of China and India?” which had two responses. Suffice to say, this is a great starting point for any researcher.

Finding its footing in India

Quora could do to Google and Yahoo Answers what Facebook did to Orkut and MySpace, make Q&A sites more social and fun. Whether the noise and excitement survives post the initial euphoria will have to be seen. It’s early days but the concept could do well if the quality of the answers remains high and spam remains low.

To read more on Question and Answer site, check our previous post.

In today’s fast paced world, virtual social networking has always strengthened existing relationships, and continues to provide a foundation for border-less communities based on common areas of interest.

Some people like to share with others what they know. Some people like to learn by reading questions and answers. Q&A sites offer that kind of information from experts or from everyday people. Q&A sites have grown immensely in the last few years. People are, more than ever, turning to the internet to get quick information about any topic through these Q&A sites.

It’s kind of asking your neighbour, coworker or friend a question and getting a written answer. There are some questions that cannot be answered by even the best reference books or encyclopedias. They need a human expert that can understand a complex relationship.

Opportunity for Brands to be Human.

This provides a great opportunity for Brands to participate in conversation with people who are looking for information about products they manufacture or services they provide. Q&A sites work great for this, because people are already asking the questions.

Brands are driving leads using Question and Answer forums like LinkedIn Answers, Yahoo! Answers and Answers.com. LinkedIn Answers dominates the category usage, claiming 59.2 percent of use for companies participating in at least one Q&A forum. Yahoo! Answers is a distant second at 37.1 percent.

(Source: Social Media Best Practices: Question & Answer Forums. Business.com)

Providing quality answers and links to relevant pages can help Brands in the following ways:

• Direct customers (and potential customers) to accurate information about your product.
• Connect with people in the market, build reputation, and generate leads.
• Provide links back to your site. Some of these links are Follow links, and thus also provide SEO value.

Also, the Internet has a reputation for being shady. You need to let readers know why your answer is reputable and why you’re the right person to answer it. This gives Brands a greater credence and integrity to the response, and a higher likelihood for a recommendation or a vote up. It is this process of informing and educating the general audience that can help the brand establish “Thought Leadership.”

Who is listening to the Brand?

In a recent Business.com study, 49% of companies that use social media said they ask questions on Q&A sites. Only 29% said they use Twitter to find business-related information. Among those who use Q&A forums, 92 percent say they are at least somewhat useful with 25 percent claiming them to be “very useful.”

(Source: Social Media Best Practices: Question & Answer Forums. Business.com)

How do Brands use these sites?

The general rules of social media apply here too:

1. Help others
2. Build relationships
3. Push your products and services while answering somebody’s question or request.

In Q&A sites, the starting point is that somebody asked the question that you’re answering.

Specifically you shoul:

• Search the Q&A sites for questions about your subject, and browse the relevant categories.
• Answer questions fairly and accurately. If appropriate, mention your product or service, and / or link to a relevant page on your site.
• Follow up & interact where appropriate. Use these sites’ message boards to see if you can be of further help, or to congratulate another contributor for a great answer.

Fill in your User Profile, showing why people should like and trust you. You can also usually link to your site from your User Profile.

In essence, the best practices is to be helpful first, don’t go in trumpeting your sales pitch and focus on long-term relationship building and benefits rather than seeing a sudden influx of leads. An answer should simply touch on all prominent points that deliver a comprehensive, well structured response to a question.

The best part of the Q&A sites is that, they are Search Engine Optimized. This helps in increasing the visibility of the brand. More importantly, it is a credible way of highlighting your product range without sounding like advertising. And finally, Q&A sites are helping Brands become more human. It has allowed a Brand to be the friend you turn to when you have a query. Objective Achieved!

Let’s play the word association game here. Tell me what comes to your mind when I say the word December. Of course, Christmas, shopping, holidays….Predictions!! Yup, predictions that’s the one this blog post will be all about. What will the year 2009 hold for us?

I have put down my 10 predictions. Five of these are on a more socio-economic level at large. Most of these changes that I am predicting will be huge leap jumps in their own way and will be possible only because of extensive use and acceptability of social media.

1. Thought Leadership as a Strategy:

These days, it is not uncommon to see people seek value out of everything. And by value, I am not restricting it to price equation alone. Value could be delivered in the form of information, education, better quality or even better service. One of the key principles of social media is to provide value to its consumer. For companies and in turn their brands to survive, they will have to provide value at all levels to their consumers. Social Media will prompt companies to adopt thought leadership as a value in their manifesto in their area of core competence.

This blog post has stemmed from the interesting discussion that my earlier post generated ‘Is advertising on Facebook called Social Media Marketing?” Mostly all agreed that while advertising on Facebook helped the marketer focus to the right target audience, it was still advertising.

Social Media Marketing on the other hand implicitly calls for user participation and building dialogue. Both of which remain absent with Facebook advertising form of communication. To me if there is one thing that segregates social media from others is the use of word ‘Audience’.