
Inside Facebook
Inside Facebook |
- Facebook platform industry hires: 77 Agency, Brand Networks, Cogent Elliott, Shoutlet, Spruce Media and Upcast Social
- Facebook’s new vertical by vertical approach to building marketing solutions
- Calling All Readers: Help us Make Inside Facebook Even Better
Posted: 09 Oct 2012 04:42 PM PDT If your company is hiring new people or making a notable promotion, please let us know. Email mail (at) insidefacebook (dot) com, and we'll get it into our next post. Also, please note that information about most new hires, below, comes either from the companies themselves or from company updates from LinkedIn.
Who else is hiring? The Inside Network Job Board presents a survey of current openings at leading companies in the industry. |
Facebook’s new vertical by vertical approach to building marketing solutions Posted: 09 Oct 2012 01:02 PM PDT
At the IAB Mixx Conference in New York last week, Facebook Vice President of Global Marketing Solutions Carolyn Everson spoke about how the company has reorganized its teams to focus on different business categories. "From a solutions perspective, the most important thing to do is understand what a marketer wants to achieve and tailor solutions and find out what they need to do that," she said. "We're increasingly doing that by vertical, which has been a shift for us." Facebook has sales and marketing staff dedicated to retail, e-commerce, automotive, CPG/beverage, entertainment, travel, mobile/finance, tech/socialcom and gaming, according to listings on its Careers page over the past year. Everson leads the sales side, and Facebook Director of Global Vertical Marketing Michael Fox oversees the marketing side. Everson noted that this model is similar to other professional services firms which organize by vertical. She said Facebook aspires to play an advisory role for brands and other advertisers so it needs to understand the objectives in each market. For example, mobile carriers care most about branding, new customers and churn. "I need all my people working on those accounts to know that cold," she said. With a better grasp of the unique opportunities and challenges of different verticals, Facebook can develop more effective marketing products. For instance, offers and collections address retailers' needs. The new mobile app ads allow mobile developers to precisely reach their target audience. Facebook Exchange is a strong direct response channel for travel companies, e-commerce sites and others. Everson suggested that more solutions were on the way, but made it clear that Facebook is learning along with its partners and advertisers. "We are a very new platform," she said. "None of us in our careers have ever seen a platform with 950 million users." When a reporter asked about GM pulling its ad spend, Everson confirmed that the auto company is still not advertising on Facebook but the two companies are "working incredibly closely." She said Facebook has a team in Detroit meeting with GM every week. Until Facebook can deliver results for GM, Everson says, she doesn't want them to spend money on advertising. "When they spend, I want them shouting from the mountain tops that we're their best marketing partners and they can't live without us." In addition to creating value by vertical, Everson said Facebook is looking to build marketing and advertising products that cover each stage of the purchase funnel. Facebook Exchange brings in a new retargeting opportunity and Custom Audience targeting allows businesses to reach different groups of consumers based on CRM data. And with more direct contact with advertisers across industries, Facebook is learning what businesses want and framing its new efforts in familiar terms rather than constantly introducing new vocabulary. "We're now speaking in marketers' language," Everson said. |
Calling All Readers: Help us Make Inside Facebook Even Better Posted: 09 Oct 2012 10:06 AM PDT The only thing we love more than Facebook news and trends is making our readers happy. Please help us out by answering a brief survey to tell us what you like, what you want more of, and what we can change to make our blog even better. |
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