Facebook is a tremendous tool for the automotive industry. For years, Facebook allowed you to reach and engage your fan base for free. Sadly, after Facebook’s IPO in 2014, organic reach has continued to dwindle year after year. It has become increasingly difficult to successfully grow and communicate with your fan base without investing money. It’s official: Facebook is pay to play!
Before we take a look at some of the tools for growing your Facebook presence, let’s look at Facebook’s growth. Facebook’s revenue growth over the past 3 years has been remarkable. The chart above gives us a look at their revenue over the past 7 years. Look at that growth! Facebook had 10 BILLION dollars in revenue in just the last quarter. There’s a reason that Mark Zuckerberg is now the 5th richest person in the world – Facebook has started charging for what used to be free.
But dealers can take advantage of the new Facebook standard. Here are three ways to pay to play and reach your fans and more on Facebook:
Adding as little as $10 to “boost” your posts can pay big dividends. This post will now show up in people’s newsfeeds alongside posts of their friends. It will look like a normal organic post to the Facebook browser, but Mark Zuckerberg will be making money from it. Boosting posts through strategic targeting will allow your dealership to customize who can see your posts based on the demographics of your buyers.
You can also pay Facebook to run ads. These ads will run in the newsfeed, in the sidebar and everywhere else Facebook can place it. These can be shown to people who have visited your website as well as custom audiences designed by Facebook. Again, this is another way of strategically growing your Facebook presence based on the demographics that your dealership is wanting to reach. Plus, these ads are also relatively inexpensive.
Paid Video Ads
Paid video ads are a great way to build a positive association with your brand. Facebook will allow you to run video ads alongside videos placed on Facebook by friends and family. Placing a picture or video on your ads and posts has proven to get more “likes” and create more influence for your Facebook presence. Plus, you can take your existing television spots and run them on Facebook to maintain your monthly strategic campaign ads without having to create new videos.
If you want to grow your Facebook fan base effectively, you’re going to have to pay to play. Businesses and brands are slowly beginning to treat Facebook for what it is now – another paid media stream. The old way of organically growing your Facebook presence is gone. Every business that is successfully growing their social media campaign is utilizing Facebook to its full potential. Are you using Facebook correctly to ensure you’re driving next day traffic to your dealership?
Let Strong Automotive Merchandising help you get the best return on your social media investment and drive more traffic to your dealership.