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February 7, 2012

A closer look at doing Business on Facebook

The answer to the above question will depend on your personal business
objectives and your ability to use this tool effectively.

Firstly, you need to know that the original basis for the existence of Facebook is social networking.
Therefore, it is basically a tool that enables individuals to share information and stay
updated about recent happenings within their social circle.

It could be the social circle of family & friends, a collection of contacts,
people with common interest, or network of professionals or business connections.

A pure business networking tool is LinkedIn.
Facebook is purely a social networking instrument.
Therefore, if you must promote business with Facebook, you need to
be careful how you do it so that you don’t irritate the original users.

To ascertain whether Facebook is suitable for your business, you need
to analyze if there are interest groups and target audiences that have the potential of generating business for you.
You may aim at generating business directly by offering your product or service to those using Facebook,
or indirectly, by creating awareness for your brand, or generating sales feedback on your products and on yourself using the network.

Other online social networking sites do exist.
What comparison can you make between Facebook and these other social sites?
Also, is it better to focus on one site or extend your tentacles to multiple networking websites?

Facebook leads over other social networking sites.
The age group of its users range from early-twenties and above.
In fact, social networking scene is ruled by Facebook – only having a measure of competition from MySpace.
Facebook is focused more on sharing life events, keeping touch with friends and family and getting back with lost contacts.
But professional circles and business connections are also popular on Facebook;
however, you must understand that they are not part of the original purpose for the creation of Facebook, and therefore can generate issues if care is not taken when using it for other purposes.
LinkedIn is completely devoted to professional and business connections and leads in this niche.
However, the number of subscribers is low when compared to social networking websites in general.

Couple of questions you could ask yourself

  • Can I realize my business objective by using social networking sites?
    If your answer to this question is a YES, then you can promote your business successfully using Facebook and other social network sites.
  • What is the specific network that will best suit my specific business objective?
    The answer to this question is FACEBOOK.
    But yes, you must be creative and socially committed in order to achieve a good result with business marketing on Facebook.

Effective use of Google AdWords to Lower your Costs and Increase Sales

Most of you must have had bad experiences with Google AdWords. Your website advertisements might have brought in fewer returns and you must have doled out lots of money on AdWords. Fairly speaking, if properly used, Google Adwords transforms into a money minting tool.

Effectively using Google AdWords with the right settings for the right campaigns will undoubtedly ensure that your costs are reduced and sales are increased.

Relevance of the Long Tail Keywords

Long tail keywords consist of 4 or more words and are of a very specific nature. Studies have proved that the conversion rate of long tail keywords is higher than that of single word keywords.

Based on the recently conducted Hitwise study, it has been found that more than 18% of the searches contain five or more keywords.

Google has also confirmed that 20% of the queries received everyday on Google are either unique ones or are probably seen once in 90 days.

With improper Long Tail Keywords, you could end up spending more

Including all possible keywords in a campaign is not an easy task. A helpful and great option as recommended by Google would be to use a broad match for all of your keywords. A broad match keyword exploits unexpected, but relevant queries. Your advertisement thus appears not only with phrases containing your keywords and exact spelling, but also with keyword expansions that include synonyms, singular/plural forms and relevant variants of your keywords.

However, proper usage of a broad match is easier said than done. This is because of the countless unrelated searches that results due to the use of a broad match. You could end up paying more and getting meager returns. For example, if you have a product named “Cobra”, the word cobra would be used for searches related to the reptile variants of cobra, the vintage car or the body spray with similar name.

Enhance your conversion rate with Negative keywords

Negative keywords are included in Google AdWords campaigns to bypass searches containing these words. Your AdWords advertisement is not displayed if the negative keyword is present in a long tail keyword.

If for example, you include “-free” as a negative keyword in the Google AdWords campaigns, your advertisement is not displayed to those who are searching for free offers. This provides direction to your advertisements.

Negative keywords are also used to target advertisements at specific groups. An insurance broker could include “book” and “books” as negative keywords in his Google AdWords campaigns so as to avoid people who are searching for insurance based books.

It is hence quite essentially required that a well thought out broad match warrants the use of negative keywords, so as to could help attract potential customers. Negative keywords also wards off unwanted traffic and hence reduces the payments you would have h