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All the above techniques are ways to use Facebook's service for free and get the maximum exposure. Facebook also offers advertisers and others who are willing to spend a little money a lot more options and these are discussed next.
The amount of money you spend depends on the size of your target audience, and the length of your ad run. While short run ads can cost you only a few dollars, there are options for you to take advantage of sponsored ads that can cost in the hundreds of thousands.
Social Ads
This feature was brought out in 2007 by Facebook specifically for businesses because it allowed targeting of certain demographic groups within Facebook. You could target your ad based on age, sex, location, keywords, relationship, education, workplaces and basically any other field that you enter into Facebook.
This gives it a huge advantage over other tools that rely mostly on keywords. When you compare them to Facebook, you can see how narrowly you can target your audience. Not only this you can target your audience on other parameters like for paying for newsfeeds. These ads generally have a much higher return than sponsored ads.
Yet, another way is to target people who have approached you, or have browsed through your profile or your companies profile in the recent past. This gives the maximum click through ratio and is one of the best ways to get a response to your advertising.
On the other hand, sponsored ads are probably the best when it comes to brand building. Depending on the kind of marketing strategy you have, you can choose the kind of applications to use. While initially this kind of focused targeting may not have given many returns simply because the number of users were not too high, with over 600 million users and climbing, it makes good sense not only because you can configure your marketing strategy much better, but it is also good experience for the future when Facebook will play a much bigger role in advertising strategies.
If you are a large player, or have a marketing budget greater than $50,000, you can contact Facebook directly to configure your strategy even more. All you have to do is to contact them and tell them what you are looking for, and you will receive a call back from Facebook with various solutions to your problem.
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