Facebook Ended Facebook Deals Product Feature

Just after its launch of four months Facebook is now going to shut down Facebook Deals product feature. Facebook Deal was expected to become a big rival of discount offering companies like GroupOn and LivingSocial in near future, but according to Facebook Spokesman;

After testing deals for four months, we�ve decided to end our deals product in the coming weeks. We think there is a lot of power in a social approach to driving people into local businesses.  We remain committed to building products to help local businesses connect with people, like ads, pages, sponsored stories, and check-in deals. We�ve learned a lot from our test and we�ll continue to evaluate how to best serve local businesses.

The main concept of Facebook Deal was to keep informed people about the happening and news of any special offers that are being made by local businesses. Facebook's program offered group deals in just five US cities. If you have noticed Facebook has recently made some changes in its news feed and privacy settings in which they have altered the visibility of deals, potentially reducing their exposure as users choose to limit who can see various activities. These changes also include the phasing out of places in favor of location tagging.

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1:24 PM | 0 comments

Earn Money Through Facebook by Watching Facebook Ads

Now Facebook users can Earn Money Online by just watching Ads on the Facebook website. Last Thursday Facebook has introduced a new program that allows users and consumers to earn financial incentive by just watching facebook ads.

Facebook will now reward their users who watch certain ads on the website with Facebook Credits, which can be redeemed to purchase goods on Facebook Deals, the company's new Groupon like daily deals service. The incentive amount, however, is not huge. Initially at least, the average ad will yield one credit, which is the equivalent of 10 Cents.

The ads will mostly be in games. CrowdStar, Digital Chocolate and Zynga are among the participating game publishers. Facebook is working with Sharethrough, SocialVibe, Epic Media and SupersonicAds to serve ads on the program as well as TrialPay, which will provide analytics.

According to Dan Greenberg, CEO of Sharethrough;

Facebook's move represents "a step away from interruptive advertising." Greenberg, whose clients include Microsoft and Nestle, says his network won't deliver traditional advertising, but rather branded entertainment, which consumers will want to not only watch, but share with their friends.

Incentivizing consumers to watch ads is one solution for Facebook's low banner click-through rates. The move comes after Facebook expanded its Credits program last week to let consumers use the Credits to buy real-world goods advertised in Deals.

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5:58 AM | 0 comments