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By OppGenetix

Facebook Plans to Invest $100 Million in Small Businesses

Facebook has upped its response to the coronavirus over the last couple of days. Aside from fighting misinformation, banning ads promoting false coronavirus “cures,” and offering WHO free advertising spaces, Facebook has pledged to give small businesses $100 million in financial assistance

The financial aid will arrive in the form of cash grants and Facebook ad credits. The aid’s intent is to help pay employees who are unable to work, cover rent and overhead costs, and help small businesses reach out to consumers. Applications for grants and ad credits are currently closed and will open up over the next few weeks.

Interested businesses can sign up for updates. Assistance can also be found at Facebook’s business resource hub, which is open for everyone. The resource hub gives businesses advice and ideas for dealing with the effects of the coronavirus outbreak.

Facebook has also stated it plans to pay its employees $1,000 bonuses, though it’s not clear if the bonus applies to contractors, who have all been sent home in the wake of the coronavirus outbreak. This has led to ad review delays, as the Ad Review team is almost entirely made up of contractors.

By OppGenetix

The Best Ad Channels for Your Marketing Campaign

Digital advertising has a lot to offer — and a lot of different advertising channels. It’s wise to put your business’s resources into a few different ad channels, but which ones?

Well, it depends on several factors: What’s your advertising budget? Who are you trying to target? What is the goal of your advertising campaign? Do you have a creative team in-house, or will you have to outsource writers, photographers, and video editors?

Keep these considerations in mind as you review the following digital ad channels:

 

Google Search Network

One of two paid search advertising options beneath the Google Ads umbrella, the Google Search Network is the best-known form of pay-per-click (PPC) advertising.

PPC ads are geotargeted text-based advertisements that appear on search engines. They’re tied to keywords, so when a prospect searches “Columbus digital marketing agencies,” PPC ads will appear at the top and bottom of the search engine results page. The position of PPC ads is determined by how much a person paid for those keywords in Google Ads’ bidding system.

As the name suggests, PPC means that you pay each time someone clicks on your advertisement. This also may be referred to as cost per click (CPC).

Pros of Google search ads

Great for determining demand: If you’re thinking of starting up a business, marketing a current service or adding a service to the business you already own, start by typing a phrase into the keyword search bar. Do you see any listings with an ad icon next to them?

 

 

If so, congrats! You’ve found there’s a demand for your business or service because Google has allowed advertisers to show ads on that traffic. 

Targeting the bottom of the marketing funnel: Prospects on Google are more or less ready to convert. They already know what they’re seeking; they’re looking for something or someone who offers a certain product or service. It’s just a matter of choosing the option they think is best suited for them. With a highly effective PPC strategy, prospects will click on your PPC ad and (hopefully) fill out a form or call to schedule an appointment — essentially, they’ll do whatever your landing page’s call to action asks of them.

Cons of Google search ads

Increasing cost and competition: PPC ads are rising in cost as well as competition over keywords. Depending on the competitiveness of a keyword and other factors, PPC campaigns with smaller budgets may have their budget depleted in one or two clicks. Still, they’re cheaper than a TV commercial and can be made in-house easily.

Medium: Text doesn’t catch the eye to the degree images do, and when they’re poorly written, people won’t click. Many Google Search ads are written by AI, which makes them blend in with other AI-written ads. 

Targeting specific demographics: While the geotargeted nature of PPC ads makes it easy to target audiences based on location, it’s much more difficult to accurately target based on other demographics, such as age and sex.

 

Google Display Network

Google Display Network is Google Ads’ other advertising option. Unlike Google Search Network’s PPC ads, Google Display Network ads can be found beyond the search engine result pages. Display ads, which come in the form of banner or video ads, are priced at either cost per thousand impressions (CPM) or cost per acquisition (CPA).

Pros of ad channel

Keyword-level contextual targeting:  Compared to Google Search’s PPC advertisements, Google Display Network’s ads do a better job of targeting based on demographics. This may be due to the fact that it takes prospects’ search history into account and its ability to “place” ads on relevant pages.

Cost: Display ads are cheaper than PPC ads — and that’s not even taking the price system options into account.

Powerful remarketing tool: Display ads are one of the best remarketing options. Remarketing, also known as retargeting, is the strategy of getting a website visitor who “bounced” (that is, left the site without taking action) to return to the website and take action. Display ads serve as little reminders to return to the website.

Cons of ad channel

Low clickthrough rate: If you’ve been on the internet long enough, you may remember those spammy pop-up ads declaring you as a winner of a decent sum of cash or gift cards. Prospects may be wary of clicking on display ads for that reason. This helps explain the low clickthrough rate (CTR) display ads often have. However, a low CTR is not necessarily a bad thing. In the case of remarketing display ads, people who don’t click on the ads are still likely to return to the website.

 

YouTube

If Google Ads had a third advertising channel beneath its umbrella, it’d be YouTube. YouTube is owned by Google but isn’t exactly part of Google Ads. Nevertheless, advertising on YouTube shares a handful of the same benefits that the Google Display Network offers. The ad medium is video. The ads are priced at cost per view.

Pros of ad channel

Large targeted audience: A lot of people use YouTube for a lot of different reasons, making it a promising ad channel. Similar to display ads, YouTube ads are based on prospects’ search history.

Cost: Stick to the skippable advertisement option and you won’t be paying too much. Non-skippable ads, on the other hand? Those can get pricey and allow a limited length of time.

Cons of ad channel

Requires a good team with experience in filming and video production: If you don’t have a good creative team in-house or lack the resources to outsource, YouTube may not be the best option advertising-wise.

 

Facebook and Instagram

Facebook and Instagram aren’t just for sharing big life events and beautiful images — they’re also some of the best advertising channels to use.

Pros of ad channels

Highly targeted: Paid social ads for Facebook and Instagram are some of the best ad channels out there. When users register, they have to provide identifying information (their name, age, sex, location, relationship status, etc.). That data makes it much easier for advertisers to target ads to very specific audiences.

Creative freedom: Facebook and Instagram allow for a lot of creativity, particularly when it comes to an advertisement’s medium. On Facebook, you can use and combine text, images, and carousels to create an eye-catching ad. Instagram gives you fewer options ad-wise (carousels aren’t exactly an advertising option), but it’s one of the most powerful influencing platforms.

Low cost, high impressions: Of all of the options listed here, Facebook and Instagram are by far the least expensive advertising platforms. It also gives you more options in terms of price system: CPM, CPC, and CPA are all options on these sites.

Cons of ad channels

High competition: Facebook and Instagram are so well-known for their low cost, higher impressions, and creative flexibility — not to mention popular throughout the world — that advertisers are more frequently competing with one another.

May need a good creative team: Like YouTube, ads on Facebook and especially Instagram need a creative touch. Unlike YouTube, Facebook doesn’t require the highest quality videos for ads. Combining a professional image or two with well-written copy is usually enough to get by with on there. Instagram, on the other hand, may not need the best videos, but given its overall emphasis on stunning visuals, it’s wiser to have a creative team (or at least a photographer) in-house or for hire.

 

LinkedIn

Not only is LinkedIn a solid professional networking platform; it’s also one of the best places for B2B and B2C marketers to advertise. Ads can come in the forms of banner and video ads.

Pros of ad channel

A match made in B2B heaven: B2B marketing is one of the most difficult marketing segments to work in, but LinkedIn can make life much easier for any B2B-er.

Incredible professional targeting options: LinkedIn lets marketers get so specific it’s (almost) scary. You can target ads at certain companies, people with specific titles or levels or seniority, and geographical locations.

Cons of ad channel

Cost: Paid advertisements on LinkedIn are expensive.

Business-focused audience: This isn’t necessarily a con for everyone, but if you’re not a B2B or B2C marketer, it’s probably best to spend your advertising resources elsewhere.

 

Choose your ad channels wisely

Hopefully this guide has helped you decide which ad channels are worth your time and investment and which ones aren’t. If you’re still not sure, contact us for more information or fill out our free digital audit.

By OppGenetix

Influencer Marketing Just Got Easier with Facebook

Facebook may have just become the biggest influencer marketing agency in the world.

Facebook, Inc., which owns Instagram, WhatsApp, Oculus, and of course, Facebook, announced new policy updates on December 18, 2019. What might be the most important part of this update is that Facebook, Inc. rolled out its Brand Collabs Manager tool to a select group of Instagram creators. Previously, Brand Collabs Manager was only available to Facebook creators.

Brand Collabs Manager allows companies to search for influencers who would be a good fit to help advertise their brands and products. Influencers also use it to find and partner up companies that share their values and image.

For influencers who were worried about Instagram removing likes from the public eye, Brand Collabs Manager may assuage those fears. The tool will allow them to get insights on all of the posts they’re tagged in.

While influencers might be sighing in relief, some influencer marketers are sounding alarms:

What does this mean for influence marketing management? Is it time to start ringing the death knell for influencer marketing agencies? Or is it the start of something new?

There’s still much to learn before any of these questions can be answered.

What we do know with a reasonable amount of certainty is that this tool will make connecting with influencers easier, thus benefiting brands, businesses, and influencers.

Influencer marketing is a fairly new phenomenon and one that’s at the mercy of regular updates and policy changes.

For influencer marketers concerned about the potential ramifications of Brand Collabs Manager, it may be wise for them to step back from focusing on influencer marketing and start diversifying their services.

By OppGenetix

6/20 – This Week In Digital Advertising

This Week In Digital Advertising

Facebook Shares Cryptocurrency Plans

Facebook announced on Tuesday a new subsidiary called Calibra which provides financial services. The first product Calibra will introduce is a digital wallet for Libra, a new global currency powered by blockchain technology.

The idea is to make transferring money as easy as sending a message on Facebook. Calibra will allow users to send Libra to anyone with a smartphone. For many people financial services are hard to come by. The company is looking to tackle this challenge with Libra. Facebook also said they hope to add more features in the future such as billing payments or even getting a cup of coffee with Libra.

Even though they struggle with the handling of user data and have seen backlash about possible antitrust law violations the company wants to bring cryptocurrency to the mainstream.

Facebook says they will be working with experts to ensure the product is safe and private. They will use the same verification and anti-fraud processes used by banks and credit cards, along with automated systems to monitor activity and detect fraud.

Facebook has 2.7 billion users which could help with user adoption and acceptance overall. The company is looking to create a marketplace for small business as well, in the hopes that they will spend more on advertising on the platform in the future.

The wallet will be available in WhatsApp, Messenger, and a standalone app. Timeline for release is 2020, as they continue development. Having wide availability will help bridge the gap and make cryptocurrency not as intimidating for active Facebook users.  

LinkedIn Announces Video Messaging, Photo Tagging, and other features.

LinkedIn has added several new features. The social media platform continues to evolve with these changes in an effort to keep engagement numbers up. Microsoft has reported the platform has seen “record numbers” in engagement this year. LinkedIn has outlined some of the new features.

A photo-tagging feature has been launched to all users. In a blog post, the company outlined states “The world seems smaller and your community a little tighter when you let people know who is who.” Now when you see an image of a co-worker or someone you recognize, you can tag them in the image.

There is also a new feature that allows users to record video clips and send them in a message. “Millions of members have posted videos and shared them with their connections or in groups: sharing ideas, experiences, or simply a view into their working life. Now you can do the same in messaging, too.”

Linkedin will keep messaging and posting availability within that app. This will keep things more organized and allow users to better manage profiles.

By clicking on your profile picture on mobile and on the right side of the feed on a desktop users can see hashtags they follow and view all groups they are apart of.

As LinkedIn continue to add more features to build engagement we will continue watching how this affects user interaction with ads on the platform. Video especially will continue to gain traction and continue to drive users.

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Oppgenetix timeline facebook
Facebook Plans to Invest $100 Million in Small Businesses
The Best Ad Channels for Your Marketing Campaign
Influencer Marketing Just Got Easier with Facebook
6/20 – This Week In Digital Advertising