"Marketing is no longer about the stuff that you make, but about the stories you tell." Seth Godin
Advertising on Facebook vs Google Adwords
A number of our clients ask us for the pros and cons of Facebook versus Google advertising.
And the answer is… it depends.
A chart from SEJ sums it up neatly:
A key benefit of Facebook is demand generation
Yes Google can generate demand too with its prospecting Google Display Network, targeting consumers by the type and content of websites visited, but Facebook and the other social network sites, by their very nature of capturing social interaction and interests at a very granular level, puts them in the number one slot for brands that first need to create the demand, whether it’s for an unknown brand or at a more fundamental level, for an unknown product or service.
Also awareness building
Facebook can be significantly cheaper in terms of Cost per Click (CPC) than Google where there is a runaway interest in your post. According to AdExpresso the average CPC was $0.28 versus $2.32 for Google. (Always be aware though that clicks on social networks don’t always need to conversions/purchases and there is an argument that people using Google are intent on buying, and people using Facebok are more intent on browsing and chatting.)
In most cases, however, I would recommend starting out on Facebook ads to generate awareness of your products or services, explain what problem they solve, and develop brand recognition. Then, you’ll generate demand to set you up for more success when it comes to Google AdWords.
A case in point
Haygain Ltd wanted to drive sales of a range of products with low brand and need awareness.
A social content plan was build for daily postings of new research, product features, testimonials and events; with boost campaigns targeting a range of interest groups, and testing different audience groups (cart visitors, website subscribers, lookalikes, etc).
Over 12 months the likes on Facebook have grown from 9,400 to 15,700, and cmapiagns costing as low as 2p CPC.