This is part three in a series on getting the most benefit out of your facebook business page. If you haven’t read the first or second post in the series, you might want to catch up.
It took me a while to write the last installment to the facebook fanpage series. I’m sorry if I kept any of you waiting.

Facebook is by far my favorite place for advertising because:
1. You decide how much money you want to spend per campaign.
2. You can track how well (or not) your campaign is doing and adjust your settings accordingly.
3. You can specify what segment of the facebook population you want to target.
4. It’s so very easy and effective.
I’m not a marketing professional. I am a mother of four who wants to stay home with her babies as long as possible. I say that in order to make it clear that I speak from the experiences I have had with promoting my business on facebook. I’ve run 3 campaigns, of which I have only spent $10 on each. I have added 5 new “fans” by doing this and have had over 200,000 impressions and over 100 people that clicked on my add. These numbers are NOT amazing, but I was only experimenting. I had no real content on my page to really entice visitors to want to revisit my business page.
There are two ways to advertise on facebook:
1. Redirect to a website outside of facebook.
2. Redirect to a page within facebook.
You specify your add destination, title of your add and a brief description accompanied by a picture. The next step is to target your reach: country, state, and city. You specify the age group, gender, sexual preference, language, likes and interests, education, workplace. You can even target people who like another page. So for example, I can target my ad for people who like the Etsy fanpage.
Once you have decided all your targeting, you give your campaign a name (for admin purposes), how much you want to spend daily (more on this below), and if you want a start and end date or an indefinite run period (ads that are indefinite can be paused).
So How Does All This Work?
Facebook uses two types of payment distribution options with your adds, CPC (cost per click) and CPM (cost per thousand impressions). You decide which of the two options you would like facebook to use for your ad. Facebook describes the pros of either option as:
“As a CPC advertiser you are indicating that what is most important to you is having people click through to your website and controlling the actual cost to drive each individual person to your site. As a CPM advertiser you are indicating that it is more important to you that many people see your ad, not that they actually take action after seeing your ad. CPM advertising is usually more effective for advertisers who want to raise awareness of their brand or company, while CPC advertising is more effective for advertisers who are hoping for a certain response from users (like sales or registrations).”
This is helpful because you set your budget and facebook will stop running your ad as soon as you reach your maximum daily budget.
This isn’t an extensive review on facebook ads, but it will help to get you started. For more information on the difference between CPC and CPM and daily budgets, facebook has compiled a good FAQ for us. Check it out.
Happy Advertising!
Pilu
Is there a certain topic you would like me to discuss here on the blog? Any business topics we can explore together? Drop me a note by filling out the form to the right or on the contact page. The next series will be all about organization. Lord knows I need to add some of that to my life. Catch you here next time. =]