Facebook is good for targeting a niche. People who may not be looking to buy, but may buy when the see the product.Not sure which one truly delivers better results...
Bang for buck depends on market research and strategy.Agreed. But curious as to others level of success. Bang for buck, etc...
Facebook has been my whole business. Every customer becomes a new friend, and then their friends see my work and then it goes on and on .
Having depth of product in the niche being targeted is why ads can work for larger companies while being a waste for smaller ones--there is just a lot more product to leverage the ad expense across that might click with the potential customer.Bang for buck depends on market research and strategy.
Here are some basic examples
Adwords example 1: If you are targeting the keyword "t-shirts", you will be burning money.
Adwords example 2: If you are targeting the keyword "https://www.t-shirtforums.com/images/editor/insertimage.gifbeer t-shirt", and you have 50 different beer t-shirts, you will be making money.
Facebook example 1:
If you advertise a funny bacon t-shirt to everyone living in California, you will be burning money.
Facebook example 2:
If you advertise a funny bacon t-shirt to everyone living in California, and interested in BBQ (group hobbies etc) you will be making money. A good idea is to have a few other funny designs in the same category/niche (stake, burger, hot-dog, etc).
That's what I said here too... "market research and strategy".In another thread, Tabob said that advertising success, in part, requires, "knowing what to sell."
is because of thisOutside of some on-platform advertising, it has been a bust for me
Within a marketplace, you provide the variety (AKA "depth of product") for others, and others are provide the variety for you. This also is why (in most cases) having a shop in a shopping center is more profitable than having a small isolated shop.Having depth of product in the niche being targeted is why ads can work for larger companies while being a waste for smaller ones--there is just a lot more product to leverage the ad expense across that might click with the potential customer.
People are using advertising on social platforms wrong. Rather than just selling stuff on facebook or whatever, they should be using it to promote their own online store, or integrate their store with facebook. If successful, they may not need facebook after a while.I read a thread on a webmaster forum a couple of days ago and they believe that a lot of small and medium business owners are using Facebook ads because they just can’t compete with larger companies for Google adwords. They were saying that a lot of new businesses don’t even think they need a web site and instead plan to do all their online marketing on social platforms. Of course they (webmasters) weren’t happy about this because this is one of the reasons why they’ve lost clients. Business evolves in cycles...
Surely these "new businesses" need to have an online shop to be able to sell. How they advertise is a totally different issue. Obviously the reason webmasters lose business, is not related to advertising, and does not belong in this thread.I read a thread on a webmaster forum a couple of days ago and they believe that a lot of small and medium business owners are using Facebook ads because they just can’t compete with larger companies for Google adwords. They were saying that a lot of new businesses don’t even think they need a web site and instead plan to do all their online marketing on social platforms. Of course they (webmasters) weren’t happy about this because this is one of the reasons why they’ve lost clients. Business evolves in cycles...