It Pays to Watch Facebook Ads
Posted by OBD | Posted in FaceBook, News | Posted on 19-05-2011
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The world’s leading social network giant recently announced that they would be paying users credits to watch certain Facebook ads – what does this mean for social media strategies relying on these ads however, and is this incentive going to catch on elsewhere?
Facebook Credits is a new system that the social network has devised to reward users for certain actions, such as viewing specific Facebook Ads. These credits can be redeemed on Facebook Deals – a group buying service much like Groupon. While one credit is only worth a mere 10 cents, this incentive could be enough to motivate users to click on ads that they see. For social media strategies that use Facebook advertising, this could mean more views and exposure on the social network – especially for gaming companies. Some of the top gaming companies who are participating include CrowdStar, Digital Chocolate and Zynga. Facebook is working with Sharethrough, SocialVibe, Epic Media and SupersonicAds to provide relevant ads, while TrialPay is set to provide analytics to track the success of this initiative.
The Future of Social Advertising?
While the benefits to users are obvious, especially for users who spend a large deal of time on the social network, the gaming companies who are participating in paid Facebook ads will also stand to profit from increased exposure. The nature of social advertising focuses on creating content that viewers want to watch and share with friends, and to this end, paid Facebook ads provide the perfect platform. Advertising then goes beyond its traditional roles, instead becoming closer to ‘branded entertainment’. Dan Greenberg, CEO of Sharethrough, stated that this new initiative is “a step away from interruptive advertising.”
The real question on many internet marketing consultants‘ minds however is whether this will create new opportunities for advertising exposure across other social platforms. So far, Facebook is the only network to offer credit to users for viewing ads – a giant leap from the usual sponsored listings or even sponsored hashtags that are offered by Twitter.
Whatever the future holds for social advertising and incentivised viewing, one thing is for sure – the growth of social media strategies offer a huge range of options for savvy marketers wanting to make the most of these constant changes and opportunities.

