Attention Marketers: Facebook Introduces New Ad Tool

The social networking company has unveiled "Insights," a new tool that allows the administrators of Facebook fan pages to gauge the success of campaigns beyond the number of impressions and "Likes."
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Facebook has announced several major changes in the last few weeks but the changes to the ad tool are designed to help you better measure success.

The first change is that ads will look more like sponsored stories. The benefit to brands is that they will be able to better integrate brand messaging. But the major complaint of many brands was not being able to accurately measure engagement with their Facebook Ads. The new Insights is designed to fix that problem.

“The new Insights is designed to let administrators of Facebook fan pages see the total audience their content and ads are reaching, going beyond impressions and “Likes.” Four metrics will be presented at the top of the page: Total Likes, which already appears in the existing Insights; Friends of Fans, designed to show the maximum social reach of brands’ content; People Talking About This, tracking the number of users who engaged with a page’s content in the past week – by liking or commenting on content, posting to a page’s wall, or RSVP’ing to an event, for example; and Weekly Total Reach, which shows the total number of Facebook users who have been exposed to both a brand’s organically shared content and its paid media.”

Read more on Ad Age.

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  • Nicholas Nebelsky

    My biggest concern with this is that there isn’t abuse by the
    advertisers. To engage with one’s customers I believe is the best
    advertising out there. If Facebook can pull this off and if it can
    become a valuable asset for advertisers, I’m all for it. However I
    believe that there must be some kind of announcement somewhere that says
    “This is an advertisement” much like what is done in magazines. If ads
    are made to look like content, then what will Facebook become? What will
    they do next, let Avatars become our friends. Who will we trust in the
    end? There must be responsibility in advertising. The question is, “Who is going to take it?” Remember, with great power, comes great responsibility. Spiderman.

    Nick Nebelsky

    http://www.intensemedia.com