Introduction to Facebook advertising, Ad formats and placements
Why brands choose to advertise on Facebook? As per Reuters, more than 5 million businesses are advertising with Facebook each month. This figure has grown from 3 million monthly advertisers in March, 2016. Facebook has emerged as a major challenger to Google’s monopoly in digital advertising. Facebook’s advertising revenues are 27 billion $, which is relatively smaller compared to Google’s 80 billion $. But Facebook seems to be catching up fast. Facebook had 1.86 billion active users across the globe as per the data released in September, 2016. More than 90% of these users access FB via mobile devices. They spend a significant amount of time going through the posts in their networks via the website and the app. Facebook can leverage the users’ demographic data, location, interests, life events, etc. to provide precise and targeted advertising from brands which are relevant to a specific user. These brands and products need not necessarily be the big corporations, but ev...