Advertising on Facebook social network
DOI:
https://doi.org/10.5937/bizinfo2102171DKeywords:
social media, social networks, advertising, FacebookAbstract
The exponential growth of users on social networks around the world has led companies to explore effective ways of their presence on social networks. Accordingly, the trend of advertising as one of the most important forms of communication mix has changed and now companies are mainly focused on advertising on social networks. There are many social networks that companies can use for advertising, however, this paper points to the importance of advertising through the social network Facebook, given the fact that Facebook is the largest and most popular social network in the world and is the perfect marketing tool with a built-in advertising system, allows businesses to use each user's information for targeted advertising. Hence, Facebook is the most dominant social network for advertising, which every company should take into account when creating marketing strategies, in order to gain and maintain a competitive advantage and maximize business success. The paper presents secondary data that clearly indicate that Facebook is the social network that has the most potential for advertising, reaching and engaging consumers, which is supported by a discussion of the results of empirical research.
Downloads
References
Alalwan, A. A., Rana, N. P., Dwivedi, Y. K., & Algharabat, R. (2017). Social media in marketing: A review and analysis of the existing literature. Telematics and Informatics, 34(7), 1177-1190. https://doi.org/10.1016/j.tele.2017.05.008
Amoako, G. K., Dzogbenuku, R. K., Doe, J., & Adjaison, G. K. (2020). Green marketing and the SDGs: emerging market perspective. Marketing Intelligence & Planning. https://doi.org/10.1108/MIP-11-2018-0543
Chen, J. V., Su, B. C., & Widjaja, A. E. (2016). Facebook C2C social commerce: A study of online impulse buying. Decision Support Systems, 83, 57-69. https://doi.org/10.1016/j.dss.2015.12.008
Duffett, R. G. (2015). Facebook advertising’s influence on intention-to-purchase and purchase amongst Millennials. Internet Research: Electronic Networking Applications and Policy, 25(4), 498-526. https://doi.org/10.1108/IntR-01-2014-0020
Elrod, J. K., & Fortenberry, J. L. (2020). Advertising in health and medicine: using mass media to communicate with patients. BMC Health Services Research, 20(1), 1-8. https://doi.org/10.1186/s12913-020-05599-3
Filo, K., Lock, D., & Karg, A. (2015). Sport and social media research: A review. Sport management review, 18(2), 166-181. https://doi.org/10.1016/j.smr.2014.11.001
Felix, R., Rauschnabel, P. A., & Hinsch, C. (2017). Elements of strategic social media marketing: A holistic framework. Journal of Business Research, 70, 118-126. https://doi.org/10.1016/j.jbusres.2016.05.001
Froehlich, A. (2020). What's the difference between social media and social networking? Tech Target. https://searchunifiedcommunications.techtarget.com/answer/Whats-the-difference-between-social-media-and-social-networking
Gao, H., Tate, M., Zhang, H., Chen, S., & Liang, B. (2018). Social media ties strategy in international branding: An application of resource-based theory. Journal of International Marketing, 26(3), 45-69. https://doi.org/10.1509%2Fjim.17.0014
Hamilton, M., Kaltcheva, V. D., & Rohm, A. J. (2016). Social media and value creation: the role of interaction satisfaction and interaction immersion. Journal of Interactive Marketing, 36, 121-133. https://doi.org/10.1016/j.intmar.2016.07.001
Hansson, L., Wrangmo, A., & Solberg Søilen, K. (2013). Optimal ways for companies to use Facebook as a marketing channel. Journal of Information, Communication and Ethics in Society, 11(2), 112-126. https://doi.org/10.1108/JICES-12-2012-0024
Husnain, M., & Toor, A. (2017). The impact of social network marketing on consumer purchase intention in Pakistan: Consumer engagement as a mediator. Asian Journal of Business and Accounting, 10(1), 167-199.
Hsu, Y. L. (2012). Facebook as international eMarketing strategy of Taiwan hotels. International journal of hospitality management, 31(3), 972-980.
Jevtović, A. (2019). Sociology of tourism in the globalization process and social networks. Bizinfo (Blace), 10(2), 43-62. https://doi.org/10.5937/bizinfo1902043J
Kumar, G., Subramanian, N., & Arputham, R. M. (2018). Missing link between sustainability collaborative strategy and supply chain performance: Role of dynamic capability. International Journal of Production Economics, 203, 96-109. https://doi.org/10.1016/j.ijpe.2018.05.031
Lamberton, C., & Stephen, A. T. (2016). A thematic exploration of digital, social media, and mobile marketing: Research evolution from 2000 to 2015 and an agenda for future inquiry. Journal of Marketing, 80(6), 146-172. https://doi.org/10.1509%2Fjm.15.0415
Li, F., Larimo, J., & Leonidou, L. C. (2021). Social media marketing strategy: definition, conceptualization, taxonomy, validation, and future agenda. Journal of the Academy of Marketing Science, 49(1), 51-70. https://doi.org/10.1007/s11747-020-00733-3
Li, M. W., Teng, H. Y., & Chen, C. Y. (2020). Unlocking the customer engagement-brand loyalty relationship in tourism social media: The roles of brand attachment and customer trust. Journal of Hospitality and Tourism Management, 44, 184-192. https://doi.org/10.1016/j.jhtm.2020.06.015
Lin, Y., Ahmad, Z., Shafik, W., Khosa, S. K., Almaspoor, Z., Alsuhabi, H., & Abbas, F. (2021). Impact of Facebook and Newspaper Advertising on Sales: A Comparative Study of Online and Print Media. Computational intelligence and neuroscience, 2021, 5995008. https://doi.org/10.1155/2021/5995008
Lindlahar, S. (2021). Digital Advertising Report 2021 – Social Media Advertising. Statista. https://www.statista.com/study/36294/digital-advertising-report-social-media-advertising/
Marušić, T. (2021). Upravljanje markama u okruženju društvenih medija. Doktorska disertacija, Sveučilište Josip Juraj Strossmayer Osijek. Ekonomski fakultet u Osijeku.
Muangmee, C. (2021). Effects of Facebook advertising on sustainable brand loyalty and growth: case of Thai start-up businesses. Transnational Corporations Review. https://doi.org/10.1080/19186444.2021.1986340
Rapp, A., Beitelspacher, L. S., Grewal, D., & Hughes, D. E. (2013). Understanding social media effects across seller, retailer, and consumer interactions. Journal of the Academy of Marketing Science, 41(5), 547-566. https://doi.org/10.1007/s11747-013-0326-9
Saxena, A., & Khanna, U. (2013). Advertising on social network sites: A structural equation modelling approach. Vision, 17(1), 17-25. https://doi.org/10.1177%2F0972262912469560
Sciglimpaglia, D., Tarr, E. K., & Brodowsky, G. H. (2020). Advertising and Peer Influences on Teen and Young Adolescent Alcohol Consumption Decisions: A Theory-of-Reasoned-Action Approach. Journal of Promotion Management, 27(3), 417-440. https://doi.org/10.1080/10496491.2020.1838026
Shen, G. C. C., Chiou, J. S., Hsiao, C. H., Wang, C. H., & Li, H. N. (2016). Effective marketing communication via social networking site: The moderating role of the social tie. Journal of Business Research, 69(6), 2265-2270. https://doi.org/10.1016/j.jbusres.2015.12.040
Statista. (2021a). Most popular social networks worldwide as of October 2021, ranked by number of active users. Statista. https://www.statista.com/statistics/272014/global-social-networks-ranked-by-number-of-users/
Statista. (2021b). Facebook's global revenue as of 3rd quarter 2021, by segment. Statista. https://www.statista.com/statistics/277963/facebooks-quarterly-global-revenue-by-segment/
Statista. (2021c). Number of active advertisers on Facebook 2016-2020. Statista. https://www.statista.com/statistics/778191/active-facebook-advertisers/
Stelzner, M. (2021). 2021 Social media marketing industry report: how marketers are using social media to grow their businesses. Social Media Examiner. https://www.socialmediaexaminer.com/report2021/
Vranešević, T., Perić, N., & Marušić, T. (2019). Perception of Social Media as a Source of Relevant Information. Zagreb International Review of Economics & Business, 22(1), 133-144. https://doi.org/10.2478/zireb-2019-0016
Wasserman, S., & Faust, K., (1994). Social network analysis in the social and behavioral sciences. In S. Wasserman and K. Faust (Ed.), Social network analysis: Methods and applications (pp. 3–27). Cambridge University Press. https://doi.org/10.1017/CBO9780511815478.002
Weinberg, B. D., & Pehlivan, E. (2011). Social spending: Managing the social media mix. Business horizons, 54(3), 275-282. https://doi.org/10.1016/j.bushor.2011.01.008
Wilson, R. E., Gosling, S. D., & Graham, L. T. (2012). A review of Facebook research in the social sciences. Perspectives on psychological science, 7(3), 203-220. https://doi.org/10.1177%2F1745691612442904
Chan, N. L., & Guillet, B. D. (2011). Investigation of social media marketing: how does the hotel industry in Hong Kong perform in marketing on social media websites?. Journal of Travel & Tourism Marketing, 28(4), 345-368. https://doi.org/10.1080/10548408.2011.571571
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2021 BizInfo (Blace) Journal of Economics, Management and Informatics
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.