Facebook - a $100bn business?

By : Forum Member
Published 1st December 2011 |
Read latest comment - 5th December 2011

Well I still find it interesting to know how Facebook will make it into a money making machine...

As the article says, can it turn 800m users into a $100bn business? It states that "it's the ultimate "sticky" site, with users spending much longer on it per session - about 30 minutes on average - than people do on Google. That's more time to see and respond to ads".

Okay, but I've never clicked on a facebook ad, but I have clicked on Google ads. When you go to search on Google you're after something information/product/service so you will potentially click on an advert. I'm not looking for any service/product when on Facebook so unlikely to click an ad. They do sum it up as "demand fulfilment ads - Google's speciality - and demand generation ads, which she sees as Facebook's strength". and I guess if Facebook is to have advertising revenue of $3bn this year advertisers must be seeing a return.

..or have I missed something obvious? I guess if you've got 800million users you only needs a certain percentage to be clicking through to be earning some good bucks!
Comments
Its interesting, likewise I've never clicked on a Facebook ad, and the small pilot we ran with FB adverts didn't give us a return. But thats just us.

But I bet plenty of people do. Over 2.25% of our directory visitors click on our google ads, so scale that up to 800m users and you've got a nice return, not quite a $100bn though

Think of the potential partner email marketing campaign, that's a gold mine waiting to be tapped...

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

forum avatarWampit
2nd December 2011 11:50 AM
Yes might not be $100bn but I wouldn't say no to that business.

We tried FB ads too Steve about a year ago and didn't give us any return too. Might be worth another trial soon though as I bet they have improved the service / targeting. However, LinkedIn may work for our type of business - have you tried them? They say 1.3m small business owners are on... https://www.linkedin.com/ads/start

Hmm not tried Linked In, maybe one for the 2012 marketing plan

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

forum avatarDaniel Martin
4th December 2011 6:44 AM
Facebook ads have lower CTR than Adwords but people are still pouring money into it hoping I think for that lucky break when your landing page gets shared between thousands of user within FB in a short span of time. Didn't happen to me, though. I think the highest CTR of my last campaign was just about 1.1%.

Interesting documentary last night on BBC2 about Facebook and interview with Mark Zuckerberg.

For any UK peeps you can see it on iPlayer:
BBC iPlayer - Mark Zuckerberg: Inside Facebook

No doubt this documentary will work its way round the global satellite channels sooner or later for everyone else.

He actually seems to be a genuinely nice bloke, and completely non materialistic. Makes you sick

I get the feeling anyone over the age of 30 though wouldn't fit in Too many "yeah dudes" and chill out zones for my liking...

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

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