In announcing Facebook’s $19 billion acquisition of WhatsApp Wednesday, CEO Mark Zuckerberg assured that the messaging app with 450 million users would remain ad-free. By contrast, the social networking giant on Thursday unveiled deeper targeting options to bolster its burgeoning ad business that made the WhatsApp purchase possible.
The expanded options being rolled out to all Facebook advertisers through the self-serve and Power Editor tools in the coming weeks span the four main types of targeting:
- Location
- Demographic
- Interests
- Behaviors.
When it comes to location, marketers will now be able to build campaigns around any combination of geographies such as:
- Country and City (France and London)
- Country and State (New York and Canada)
- State and City (California and Las Vegas)
- State and ZIP code (U.S. only).
That would allow a retailer, for instance, to show ads to people who live near brick-and-mortar locations.
In terms of demographics, new choices beyond education level, workplace and job title include reaching just those who have updated their relationship status, such:
- Domestic Partnership
- Civil Union.
- Newly Engaged
- Married in the past year, or the last three or six months.
To simplify targeting by interests, Facebook said that instead of choosing from multiple categories and keywords, marketers can just select one segment from a redefined set of interest-based choices. For example, “if you want to reach baseball fans, just choose "baseball" as your targeting segments -- it'll pull in all the people that have liked or expressed interest in baseball-related topics on Facebook,” stated a post on the Facebook for Business blog.
By incorporating its Partner Categories tool into the Core Audiences feature, Facebook will allow marketers to target based on people’s offline and online activities and purchases, as well as the device used. The company introduced Partner Categories last year in conjunction with third-party data providers, like Acxiom, Datalogix and Epsilon.
Furthermore, Partner Categories, which was previously only available in the Power Editor for managing larger campaigns, will be added to the (self-serve) Ads Create tool for U.S. users.
Hussein Fazal, CEO of Facebook ad partner, AdParlor, said many of the targeting capabilities announced today have already been available through tools like the Power Editor and Facebook’s Ads API. He said.
“But rolling them out to the self-serve tool and globally should help the large SMB advertiser base.”
The small and-medium-sized business community is onethat Facebook has cultivated more intensely over the last few years as it seeks to turn more of the 20 million small and local businesses with a presence on Facebook into paying advertisers.
COMMENTARY: Bluehost has unveiled an infographic looking at both the changes that Facebook has made in its own advertising structure throughout the years, and what this has meant for advertising as a sector.
The infographic looks at the move away from banner ads, quoting stats that the average internet user sees over 1,500 banner ads a month, and the move towards targeted advertising and sponsored stories.
Companies which made their fortune advertising on Twitter, and tips for small businesses using the platform to advertise are also covered.
This comes as Facebook announces that it is dropping sponsored stories from 9 April.
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Courtesy of an article dated February 20, 2014 appearing in MediaPost Pubications Social Media & Marketing Daily and an article dated January 9, 2014 appearing in The Drum
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