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Hindsight is 20:20. I think the most likely prediction for a social media IPO is similar to TWTR or SNAP where it just keeps dropping and dropping. FB is an out

Hindsight is 20:20. I think the most likely prediction for a social media IPO is similar to TWTR or SNAP where it just keeps dropping and dropping. FB is an outlier in my opinion.

api 9y ago
... for now. We just tried to use it to advertise and had exactly this experience: https://www.youtube.com/watch?v=oVfHeWTKjag https://www.youtube.com/watch?v=oVfHeWTKjag Pulled the plug. Nothing but worthless traffic, no engagement.
- siquick 9y ago
  This sounds more like an issue with your ad targetting than with Facebook. First step: only target users in countries that you care about and (sadly) do not target Indonesia, India, Pakistan or anywhere in Africa as these are mostly where the fake profiles are.
  - npkarnik 9y ago
    I disagree that any specific advice will help an individual marketer...I think the biggest issue is that the economics of acquisition on social (factoring in internet marketing budgets and customer LTV) doesn't work well for brands that aren't already operating at significant scale. Otherwise, Teespring would be a billion dollar company by now ;) My guess is that social marketing works ok for brands that have a strong competitive position AND healthy margins.
    - CaveTech 9y ago
      Healthy margins and product appeal moreso than competitive position. Teesprings product offering is far too broad to benefit specific targeting which really just leads to low user intent, which leads to huge acquisition costs. No one gets excited for tshirts. Products outside of these hugely saturated markets do amazingly well if you know what you're doing.
  - stanmancan 9y ago
    Did you watch the video that the parent shared? From the sounds of it, targeting didn't seem to help at all. The video stated that they seem to think that clickfarmers will like -anything- so that a sudden surge of likes from a specific region on a specific page seems less fishy.
    - api 9y ago
      That is what we found. Targeting didn't matter. YMMV of course but we did not find Facebook ads effective at anything but reaching click farms.
- PhasmaFelis 9y ago
  tl;dr on that video: You pay Facebook to promote your page to X number of people. The problem is that paid third-world clickfarms spam likes to everything they can find, not just to things they're paid to like, in order to camouflage themselves. Thus, the majority of likes you get by promoting your page are fake and don't actually represent engaged fans. You're paying for nothing. (Feel free to correct me)

Hindsight is 20:20. I think the most likely prediction for a social media IPO is similar to TWTR or SNAP where it just keeps dropping and dropping. FB is an outlier in my opinion.

api 9y ago

... for now. We just tried to use it to advertise and had exactly this experience: https://www.youtube.com/watch?v=oVfHeWTKjag https://www.youtube.com/watch?v=oVfHeWTKjag Pulled the plug. Nothing but worthless traffic, no engagement.

siquick 9y ago
This sounds more like an issue with your ad targetting than with Facebook. First step: only target users in countries that you care about and (sadly) do not target Indonesia, India, Pakistan or anywhere in Africa as these are mostly where the fake profiles are.
- npkarnik 9y ago
  I disagree that any specific advice will help an individual marketer...I think the biggest issue is that the economics of acquisition on social (factoring in internet marketing budgets and customer LTV) doesn't work well for brands that aren't already operating at significant scale. Otherwise, Teespring would be a billion dollar company by now ;) My guess is that social marketing works ok for brands that have a strong competitive position AND healthy margins.
  - CaveTech 9y ago
    Healthy margins and product appeal moreso than competitive position. Teesprings product offering is far too broad to benefit specific targeting which really just leads to low user intent, which leads to huge acquisition costs. No one gets excited for tshirts. Products outside of these hugely saturated markets do amazingly well if you know what you're doing.
- stanmancan 9y ago
  Did you watch the video that the parent shared? From the sounds of it, targeting didn't seem to help at all. The video stated that they seem to think that clickfarmers will like -anything- so that a sudden surge of likes from a specific region on a specific page seems less fishy.
  - api 9y ago
    That is what we found. Targeting didn't matter. YMMV of course but we did not find Facebook ads effective at anything but reaching click farms.
PhasmaFelis 9y ago
tl;dr on that video: You pay Facebook to promote your page to X number of people. The problem is that paid third-world clickfarms spam likes to everything they can find, not just to things they're paid to like, in order to camouflage themselves. Thus, the majority of likes you get by promoting your page are fake and don't actually represent engaged fans. You're paying for nothing. (Feel free to correct me)