| Regarding your question about my statement that a "large portion of ad spend is likely wasted on what is effectively fraud." Not sure what you want me to say here. I don't believe the author's experience is isolated, nor is that of others who have demonstrated/reported the same. Your suggestion that they should use more "sophisticated targeting" to circumvent fraud is odd. Targeting should be for optimization, not fraud avoidance. How about instead FB fixes the fraud problem? In any case, by your own admission, most people don't possess this sophistication anyway, so it follows that they would likely be significantly affected by this fraud problem. Hence, you haven't refuted my statement, but supported it. >How much facebook advertising have you managed? I hope it's a lot if you're going to call out "fundamental flaws" Really? OK. Well, personally, I have only my own company's test cases. But, I can read and I don't think it's a coincidence that my experience corroborates that of many others. I'm actually also paraphrasing you (in part) when I say it's fundamentally flawed. I think it's a pretty big problem if only you and your cousin Bob, along with two other people who live on a mountain somewhere possess the esoteric knowledge required to create a successful campaign. And, now you've explicitly stated some of the flaw, with this: "To make it simpler, they hide sophistication and advanced options. The very options that are needed to drive campaigns with meaningful ROI. But those options are also over the head of the SMBs" You don't see a very serious problem there? In general, what you're saying throughout your post just doesn't make a lot of sense to me. You gloss over fraud and lay out all of these problems with FB advertising, then you conclude that it's not fundamentally flawed. Instead, the problem is with the huge percentage of people who simply don't know how to use it. For what other product would this premise lead to this conclusion? |
This video is sensationalist, a large portion of all internet advertising is click fraud, no one is arguing against that; however, that doesn't mean you can't get results from social ads if you have the right expertise.
I don't know what kind of budgets you have managed, I have personally devised campaigns with millions of dollars in spend for brands, and they worked out very well. Of course, the targeting we did was very advanced and impossible to do for most people.