Tuesday, March 31, 2015

Send Money to Friends Could be Used to Pay for FB eCommerce






Send Money to Friends Could be Used to Pay for FB eCommerce



Facebook Payments


Up until very recently, if you wanted to run an ecommerce store through Facebook, you would have to use a tab app generated by a third party and hosted on their platform. Something like Shopify, for example, lets you create a storefront to run within a Facebook app. The problem is, this is just creating an external website to host your shop, it’s just that the website isn’t accessible from outside the Facebook platform.


Recently, however, Facebook has been making a few changes to try to integrate payments with their system.


It all started a year or so ago, when the company hired on David Marcus, a former Paypal chief. This was quickly leveraged into a way to integrate a payment system into Facebook. Specifically, Facebook is adding “send money to friends” through their messenger app.


This was first leaked a few months ago, when users of an iOS exploration app and developer tool – a user at Stanford, specifically, Andrew Aude – discovered some options in the messenger app.


This month, Facebook made their announcement.


How Send Money Works


Send Money


The Send Money to Friends is an added button on the bottom of the Facebook Messenger mobile app. It’s a simple and self-explanatory dollar sign. Tap it, and it brings up the send money system. Or, if you’ve set up a numeric pin, it prompts you for the pin before you can access the payments system.


There’s a limit to the system. For now, while it links with your existing Facebook information, you need to plug in a debit card in order to send money to another user. When you receive money, it goes through your linked debit card and into your bank account. It doesn’t get locked into a Facebook Wallet that’s segregated from the rest of your finances.


This system allows users on Facebook to send money back and forth as quickly and easily as sending a text message. Need $10? Have a friend willing to lend you the cash, but unable to do it in person? They can simply plug in the information and send you the cash.


This is a legitimate financial transaction between banks and financial institutions. This means that while the transfer is instantaneous, certain banks may take up to three days to process the payment, which can put a damper on immediate transactions.


The Subtle Details


There are a few interesting quirks of this payment system.


For one thing, it’s linked explicitly with the Facebook messenger. If you’re using the Facebook desktop app or using Facebook via the web, you don’t have access to the payment system.


Second, because it’s linked to the messenger, it’s already given a wide audience. This is simply because Facebook segregated the messaging system from their normal app, so anyone who wants to message anyone via mobile device is forced to use the messenger app.


Third, it’s quite secure. Facebook already has existing infrastructure in place for paying apps, and this security extends to these financial transactions. As for device-side security, you can set up a numeric pin. IOS devices can also use Touch ID. Additionally, there’s always Facebook’s two-step verification to help; it kicks in for this scenario as well.


Fourth, Facebook is getting nothing out of the transaction, monetarily. There’s no transaction fee, so far. However, it’s entirely possible they’ll add one in the coming months, once they’ve proven that people will use it.


Send Money as a Payment Processor


How it Works


So, will the Send Money to Friends system work as an ecommerce payment system? I don’t think so.


A small business or a hobbyist selling items through Facebook can certainly use it this way. They can add their own debit card to attach an account, and they can accept payment and solicit shipping information through the messenger. However, this is limited. For one thing, your audience needs to be using the mobile messenger; those who aren’t wouldn’t be able to pay. For another, it requires direct Facebook messages and is not quite completely automatic like other payment processing options.


Perhaps the biggest argument against Send Money as a payment system is the scale. Medium and large businesses don’t have the luxury of making a manual bottleneck in their payment processing. They’d much rather use the traditional shopping systems available in Shopify and other app-based storefronts. Heck, even Square and Paypal are more widespread and varied.


The other limitation is the debit card. Send Money doesn’t accept payments from credit cards, for numerous reasons.


Realistically, Send Money is being used as a proof of concept for payment processing and user willingness. Very likely, Facebook will implement a dedicated purchase system, a buy button, to their entire platform. A buy button, with a bit of a commerce platform attached, would give small Facebook-based businesses a better home and a better storefront than some janky solution using sending money through a messenger.


That said, Facebook could be using this system as a way to get a bunch of users to plug in their financial information and link their bank accounts with their Facebook accounts. This way, when Facebook gets around to introducing a more generalized payment system, they’ll already have a wide audience of people ready and able to use the system with a single tap or click.


Money and Messaging


There’s also the possibility that the Send Money system is a success, and other messaging systems take up the call. Other messengers, from WhatsApp to AIM could add payment processors to their systems in the same way Facebook has added it to theirs. Google already allows users to send money from Google Wallet to Google Wallet as attachments on emails, though it’s not strictly the same as using a messenger, as it would if they allowed the same through Google Talk.


It will be interesting to see, over the next few months, how Facebook’s plan works out and what other platforms, applications and companies decide to follow suit.


The post Send Money to Friends Could be Used to Pay for FB eCommerce appeared first on Boostlikes.com.






Posted on 11:45 PM | Categories:

Saturday, March 28, 2015

Should Facebook Use “Maybe” or “Interested” for Events?






Should Facebook Use “Maybe” or “Interested” for Events?



Maybe attending


Facebook has been trying over the last year or so to test various enhancements to their events system, which has been unfortunately neglected for a long time. The latest test is the “interested” button for the RSVP system. Rather than a simple, binary “join” or ignore, the Interested button allows a fuzzier “maybe” response.


This isn’t the first time Facebook has run this exact test. They ran a similar test with the Interested button back in 2013, when they were testing a whole host of event-related changes. Other changes at the time included a one-tap invite button for mobile, a pop-up box that encouraged sharing the event, a different layout for the events that was similar to groups, a buy tickets button for events that sold admission tickets, and a suggested guests prompt that helped users invite their friends to events they planned to attend.


How many of those still exist today? Events have undergone quite a number of changes to make them much more useful to businesses.


Events for Business


Events are almost always created by pages, and as such, Facebook really wants to encourage businesses to use them. They’re great for promoting business events, trade shows, concerts, and anything you sponsor. They also work for time-limited sales and in-store events.


You can experiment with using them for digital events, though you lose some of the event functionality when there’s no physical location for maps and check-ins to use.


One such benefit Facebook gives pages is the recently-added ability to essentially advertise events. You can create desktop and mobile news feed ads that promote your event specifically, showing the title, the copy, a picture, the date, the location and the number of people RSVPed to the event.


This is one location where an “interested” button can come into play. Depending on how Facebook implements it, the “attending” and “interested” users could combine to make it look like your event has much higher attendance than you’re certain of getting.


You also get a suite of additional Insights into events. As a page, you can see a number of statistics, including the number of people who have seen the event link – the reach – the number of people who have viewed the event itself, and the number of people who have RSVPed, hit maybe, or saved the event to look at later.


Setting Up an Event


Create Event


Now that you’re interested in running an event, rather than just trying to promote an event through your page itself, how do you go about it?


From your page, click to edit the page and choose to update your info. You will need to click the apps link and click through to the edit settings. Click to add an app, and find the event app. This allows you to put an event on your page, in a tab app, which is essential for promoting it later.


Creating the actual event itself is easy from there. Just click the event app and click to create an event. You’ll have to fill in a bunch of information.



  • The name of the event. What event are you promoting? Feel free to do a little SEO magic here to include all the info you want.

  • The details and more information section. This can be a long description, so you have plenty of space to write your description, the details and a CTA or two.

  • The location. You’ll want to be specific about the location of your event. You don’t want any confusion as to where the event is, particularly if it’s not on the grounds of your physical location, assuming you have one.

  • The time of the event. Facebook doesn’t allow you to choose a time zone, it just takes the time zone of your location. Specify the right time and Facebook will display it appropriately for the user.

  • Images. You’ll want to have two different images here, one for your event page and one for a thumbnail for your event tab. You can customize the image attached to an event news feed ad in the ad manager rather than in this menu.

  • Any extras. You can, for example, restrict who can post on the wall for the event. I wouldn’t recommend it, unless you have issues with spammers or detractors on your page. Otherwise, it’s good to have the engagement.


Once you create the event, you’ll be asked to invite a bunch of people. You can’t send out a widespread invite to everyone who follows your page, unfortunately, so you’ll have to take the time to invite a targeted group of influencers.


Types of RSVP


Depending on Facebook’s testing, users might see the normal RSVP button suite, with Join, Save or Decline. They might also see Maybe, or they might ONLY see Maybe. Facebook’s testing is inconsistent. Be sure to use your personal account to test what users of the event will see, so you know what message you’re promoting and what action you’re trying to get users to take.


Why might Facebook test a Maybe button without other buttons? It’s an interesting concept. A lot of people don’t like outright commitment. You ask them to join your event and they have to think about it, check their schedules, get time off work, and so forth. If they saw a one-time view of an ad, or they don’t see your posts very often, they might forget about the event.


On the other hand, if they see the Maybe option, they can easily click it. This is much like saving the event, only it has less of a commitment attached. Just in case they aren’t sure they want to RSVP, they can click Maybe, and they can come back later to check it out.


Facebook is no doubt testing this exact concept. They want to know whether or not more users will RSVP if their only option is a soft option, rather than the hard yes, hard no and save for later options. I’m guessing that the Maybe button will be put in permanently, but I doubt it will completely replace the Join and Decline buttons. Rather, I think it might replace the Save functionality.


The post Should Facebook Use “Maybe” or “Interested” for Events? appeared first on Boostlikes.com.






Posted on 12:01 AM | Categories:

Thursday, March 26, 2015

What Are Dynamic Facebook Ads and Why Should I Care?






What Are Dynamic Facebook Ads and Why Should I Care?



Multiple Product Ads


About a month ago, Facebook released a new type of ad you can use. These are called dynamic product ads, or dynamic multi-product ad units. At the time of their announcement, they were only available through the ads API, with a Power Editor implementation forthcoming. That implementation exists now, and it’s made these ads very much worth looking into. So what are these ads, how do they work, and why should you give them a serious look?


Static Multi-Product Ads


Multi-product ads are a relatively new feature in the Facebook ads pantheon, and they’re really quite good. The concept is simple; instead of a single image for a single product in a news feed ad, the image is slightly offset and a second image is just peeking around the corner. This is part of a carousel of several ad images, each for a different product.


These ads can have up to five different products in them if you’re using the Power Editor. If you’re using the ads API directly, you can push in up to ten. That’s a lot of unique creative copy within a single ad! Given that these work with both desktop and mobile news feed ads, that’s a lot of variation within a single ad.


The promoted use by Facebook is a product ad. The idea is that you offer a selection of products in a given ad, rather than just one fixed product, so you can hit a range of interests amongst a single demographic in a single ad. This way you don’t have to double or triple or quintuple-expose your users to ads for different products; you can bundle them all into one more compelling package.


That said, you’re not strictly limited to products with these ads. You can, for example, bundle up a handful of similarly-themed blog posts to promote in one ad unit.


For the moment, there are only two objectives you can use with these ads; website clicks and website conversions. If you’re not using one of these objectives, you won’t see the ad type. If you’re using it properly, when you go to create an ad, you will see the default “single image and link in one ad” and a variation “multiple images and links in one ad.” This second option is the multi-product ad. For a more detailed explanation of how to create one, check out this excellent post by Jon Loomer.


The Benefits of Multi-Product Ads


Cheaper Ads


These multi-product ads are proving to be very useful for Facebook marketers. Loomer has reported seeing website clicks come in for around half the cost of normal single-product ads. Others report similar cost reductions for great results.


There’s only one drawback to multi-product ads, and that’s the creative. When you pick a selection of 5-10 products to put into an ad, you’re guessing that at least one of those products – or blog posts, or whatever – is going to be attractive to your target audience. If you guess wrong, that product is a waste of space. If the first 2-3 products aren’t the attractive ones, you’ll end up with an ad with a bunch of creative that no one scrolls sideways to see. This is where dynamic multi-product ads come in.


Where Dynamic Ads Live


Dynamic product ads are sort of a cross between traditional multi-product ads and retargeting ads. What they do is adapt themselves to the audience viewing them, via tracking pixels.


Prior to the introduction of these dynamic ads, if you wanted to run retargeting, you would need to create a custom audience based on the people who visit certain pages on your site, as tracked by the Facebook Tracking Pixel. Unfortunately, if you wanted to track at the product level, you would have to create a pixel for each product. If you have hundreds or thousands of products, you can see how unfeasible this becomes.


Dynamic ads use a new type of tracking pixel, called the Dynamic Website Custom Audience Pixel. You put this pixel on every product page you want tracked, and Facebook monitors them all. When a user visits one, Facebook notes the product ID of the product in question. If you have 100 products, and a user visits 7 of them, that pixel will report a custom audience of that person who has visited those 7 products.


Of course, Facebook doesn’t create individual custom audiences for every possible variation; that would be insane. They just use an overall dynamic custom audience.


Creating and Using a Dynamic Ad


Creating ad


Create a normal multi-product ad as usual, possibly using Loomer’s instructions as linked above. He covers it better than I could. The only difference is that you use a Dynamic Ad Template instead of the normal ad template. You create a single ad with a single set of copy, and the dynamic audience tracking automatically populates the product spaces with data from your website.


A user who visits your website and sees a few products will then visit Facebook and see those same products advertised in your ad. They’ll think you have a wonderful grasp on what they like, because you guessed exactly what they were browsing. In reality, Facebook tracked them and shows them what they wanted to see.


You do need to make sure your product pages all have unique product IDs and that the information you want to display in a dynamic product ad is available. If you’re hiding the price of your products behind a shopping cart or something, you can’t display it in your ads. Facebook needs to be able to pull the data.


One amazing benefit of the dynamic product ads is automatic availability tracking. If you have a limited supply of a given product and it sells out, normally you would need to suspend the ad that promotes it. Otherwise, users will click through but won’t be able to convert, which is a big no-no in marketing. With dynamic ads, Facebook tracks availability. When you run out of a given product – as long as your site reflects that lack of availability – that product will disappear from the dynamic product ad rotation. When you get more in stock and update your site, your ad automatically updates as well. No intervention on your part is necessary.


Once you’ve implemented a few of these dynamic ads, you’ll honestly wonder how you lived without them. By now, they should be available in the Power Editor for most people, so you can get started immediately.


The post What Are Dynamic Facebook Ads and Why Should I Care? appeared first on Boostlikes.com.






Posted on 10:45 PM | Categories:

How to Embed Native Facebook Videos on Your Website






How to Embed Native Facebook Videos on Your Website



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People sure watch a lot of video on Facebook. And by a lot I mean that every single day people are viewing more than 3 billion videos on the social network.

With its increasing popularity, auto-play feature and Newsfeed distribution, more and more brands have began experimenting with uploading their video content as native Facebook videos instead of sharing a link to their external video content.

This week’s #SocialMediaMinute will cover how to embed a Facebook video on your website.

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Luckily it’s very similar to the way YouTube and Vimeo videos are embed on other websites that you’re typically used to seeing.

style="text-align: center;">See Also: title="How to Share a Facebook Photo or Video with a non-Facebook User" href="http://www.jacobcurtis.com/2013/09/01/how-to-share-a-like-with-a-non-facebook-user/" target="_blank">How to Share a Facebook Photo or Video with a non-Facebook User

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Learn more by watching the short tutorial video below.

Video Tutorial

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How to Embed Facebook Videos on Your Website

Now there’s going to be two opportunities for you two embed Facebook videos on your site. The first would be embedding a Facebook video you see in your news feed that is not uploaded by you.

To do so, first open up the video from your feed and below the view count you will see the option to embed the video. Selecting this option will provide you the video embed code to paste into your website. Easy enough!

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To embed your own uploaded Facebook videos onto your website, open up your video from your personal (or Page’s) timeline or from within your Facebook video album. Next locate the “options” tab below the video’s description. Then just select embed video to generate the code.

 

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Considerations Before Embedding Facebook Videos

To be honest, with this being such a new feature it’s hard to quantify the pros and cons when comparing Facebook video embeds with other video hosting providers. Here’s a few of my initial thoughts and I’d love to hear your own feedback in the comments.

Potential Pros of Facebook Video Embeds

  • Facebook comments on embed videos will be duplicated on the official Facebook-shared story.
  • Engagement on Facebook embed videos on your site will help the organic reach of your native Facebook videos.
  • No need to upload your Facebook video elsewhere to host it on your blog

Potential Cons for Facebook Video Embeds

  • Little to no SEO value or SERP rank
  • Video content creators can’t monetize video playbacks (yet?)
  • Limited video analytics when compared to YouTube
  • Currently buggy on WordPress :/
  • Profile privacy settings may limit visibility

Pro Tip

The majority of Facebook video uploads I see are just stripped from other sites or re-purposed YouTube videos. While uploading these same videos to Facebook generates additional exposure, my one recommendation is to slightly edit the video to be Facebook optimized. This means your video shouldn’t mention or have graphics asking the viewer to “subscribe to my channel” etc. It’s a small detail but can go a long way in increasing conversions and also shows your fans you’re not being lazy.

Takeaway

Facebook seems to be chasing other video platforms like YouTube, Vimeo, and Wistia for embed space on your website or blog. They also want Facebook to be your go-to source for everything online.

While there are some apparent advantages to include Facebook video embeds on your site, consider how choosing one over the other will effect your current video marketing and SEO strategy. At this time, I’m going to wait for a few creators’ feedback before jumping on this bandwagon.

Will you be embedding Facebook videos in your site? Or which video hosting provider will you stick to? Let me know in the comments below and make sure to come back next week for more title="SOCIAL MEDIA TUTORIALS" href="http://www.jacobcurtis.com/social-media-tutorials/" target="_blank">social media tutorials.

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