The plenty of social media platforms available these days has made it difficult for businesses to decide which platform to choose and which not. No doubt there are plenty of platforms these days but Facebook still tops the list when it comes to popularity.
Out of all the social media platforms, Facebook happens to be the old social media platform but is still quite popular among people of all age groups. Having Facebook platform in your marketing strategy can work wonders. Gone are the days when Facebook was used merely for connecting to friends now, it is being used for business purposes.
But still, some businesses are not using Facebook for marketing purposes due to one or the other reason. No matter what, businesses have to realize that Facebook is a powerful marketing tool irrespective of the size of your business.
Let’s unfold some popular benefits of Facebook marketing strategy for business in the post mentioned below.
Benefits of Facebook Marketing
Before getting started with Facebook Marketing strategy, let us unveil some of the benefits of Facebook Marketing to make the businesses aware of its vast potential.
Reach a wider audience
Being able to reach a wider set of audience is the most significant benefit of Facebook Marketing for your business. According to the research, Facebook has nearly 2.6 Billion users worldwide which is a great user base.
Compared to all other social media platforms, Facebook has more users. No matter what your industry is, you can find your desired audience on Facebook. According to the statistics, 62% of users come between 18-34 years.
Consequently, target the right audience and reach them via Facebook to bring significant business improvement.
Transparent audience
The other social media platforms offer similar audience targeting capabilities but the Facebook audience is highly transparent. When you select your audience yourself, your business can witness a high level of transparency and control over the audience.
Your Facebook followers act as your real fans. No doubt that other platforms also optimize your placements but segmenting your campaign on Facebook based on the audience will help you to derive insights.
Increases brand awareness
Marketing your business on Facebook also increases your brand awareness. As most people are active on Facebook these days, advertising on Facebook is a great way to make people aware of what offers you have.
The more people know about your business, the more they are to purchase your products or services. Consequently, using Facebook can turn out to be a game changer for businesses.
Economical
Pricing happens to be a concern for most businesses. But as far as Facebook Marketing is concerned, businesses do not need to worry about pricing anymore as Facebook Marketing is economical.
By spending a minimal amount of even $5, you can reach out to thousands of people on Facebook and popularize your brand.
Competitor targeting
Running an organization means you have to keep a constant watch on your competitors like what strategy they are following and what they are doing to improve their business day in and day out.
Luckily, you can get a fair idea of your competitors by initiating Facebook Marketing and can accordingly refine your marketing strategy. You can create a custom audience of users, know their interests and get to know about their audience.
Tips For Facebook Marketing Strategy
Many businesses know the significance of Facebook’s Marketing strategy but the problem is they don’t know how to make the most out of Facebook marketing strategy. Here are the tips you need to follow when working on Facebook.
Host Facebook contests
One effective Facebook Marketing tactic which can result in increasing your followers and brand awareness by running Facebook contests, or promotions. Care should be taken while conducting a Facebook contest as contests cannot be hosted through Facebook.
Fortunately, you can make use of third-party apps for creating the Facebook contest and from there, direct the users to the Facebook page.
Facebook Promoted Posts
The next comes the Facebook Promoted Posts. Facebook-promoted posts are the ones that let the Facebook page owners pay a flat rate to have their individual Facebook posts reach a wide number of users.
This in turn increases the post’s reach and impressions. Some businesses wonder why they need to pay to increase their followers. It is because users spend every moment of life on Facebook’s news feed.
Consequently, promoted posts increase your chances of being seen on news feeds. Above all, these are easy to set up.
Sponsored Stories
Sponsored stories also go well with Facebook’s Marketing Strategy. These are nothing but Facebook ads showing users’ interactions with their user’s friends. Sponsored stories seem to work on the “word of mouth” marketing concept.
What it means is that if a user sees that his friends are liking a certain page, he is likely to pay more attention. The sponsored stories are usually to persuade the user to take the same action as his friends.
The sponsored stories can show the users the likes on the posts, the friends coming forward to claim the offer, and other things. Some chances sponsored posts may get overlooked but they can get the preferred positioning when done right.
Facebook business page
No doubt that businesses use paid tools for marketing but not all paid tools are worth it. Facebook is a free marketing tool that can do wonders for businesses. The Facebook Business Page helps businesses identify themselves via product listings, services, sharing links, images and posts.
Businesses can make use of the Facebook business page to develop their brand identity and build credibility in the minds of the customers. But before you begin with this, you should know your key audience to whom you want to target.
Classic ads
Besides the Facebook business page, you can also opt for classic ads on Facebook. Classic ads are the ones that appear on the side column of Facebook. The classic ads contain a headline with a copy, an image, and a click-through link that either takes you to a Facebook page or an app.
Effective Facebook advertising can increase likes or drive website clicks. Moreover, Facebook advertising include features such as:
- Set ad budgets
- Built-in ad performance measurement tools
- Demographic targeting
- Ad testing
As such, it is difficult to know how Facebook ads are performing but the statistics reveal that Facebook ads tend to have a CTR of 0.051%. Facebook marketing can prove to be great for businesses as it increases your likes and your posts tend to be visible on the Facebook news feed.
All this makes the user seem more interested in interacting with your brand and he ends up forming relationships that lead to conversions in the future.
Wrapping Up
Facebook’s marketing strategy is a sure-shot win for the businesses provided that they know their target audience and the features of Facebook. Craft your Facebook marketing strategy considering your end goals and win over your customers.