I love Facebook, and I am a very heavy user of it – but recently I’ve had my fair share of thoughts about the platform and so did this article I recently read, which emphasizes the changes for businesses especially.
I’d briefly like to touch on their mentioned Facebook changes, in the sense as organic reach for all brands may soon reach zero. Brands knew this day would come, but I think the reality hit harder than expected. Back in the day, I as a consumer liked a Facebook page of a brand / company because I was sincerely interested in seeing their content. Yet Facebook in January took that away from consumers, and is now fully controlling things we see. This reminds me of almost a communistic approach to advertising – where only the big guy decides what we see, unless brands are willing to pay the big bucks and this in a real life situation could be seen as a form of “bribing” – if you understand my analogy. The more you pay as a brand, the more you get, and if you don’t pay – your information to the world is withheld. Scary right?
Before starting my internship in Digital Marketing @Heineken this summer, I had no idea how expensive advertising on Facebook actually is. Right now a CPM (cost per thousand impressions) ranges from about €0.50 to about €6! That for a big or small brand can add up pretty quickly.
So what does this mean for the future? I guess we will find out, but I believe brands are already taking next steps to branch away from Facebook advertising. Read my next blog to find out how!