BUS 477 - New Venture Planning

i just found out that facebook ads is really facinating..

check this link..its about how do you put ure ads on the facebook..

http://www.facebook.com/business/?socialads

its really crazy what facebook can do for you..it will help you do specific target market, servey, and statistic..

i think they put about 0.75 cents tariff for ads each time someone see the ads..

i think it can change the way people do market research

Yes, I agree with Winnie. Youtube is another extremely easy and inexpensive way of advertising one's product. Since Youtube is a self-promoted video, the main focus when putting up a video is to make sure that it will attract viewers. If the video is funny or executed in a unique way, it will usually get a lot of attention. For example, one can simply act out a funny scene along with his or her advertised product. If it is done well, people will watch it. Youtube also has this unique "Views" counter, which is useful for tracking the number of viewers! One example is the PCR song, which my molecular biology professor recently showed to the class. You can't tell until the very end, but it is actually an advertisement for a Bio-RAD PCR machine. http://www.youtube.com/watch?v=x5yPkxCLads

Lately, I have been searching on YouTube quite a lot, and I realized that a lot of YouTube members post videos of products that they are selling. Surprisingly, they even show demonstrations of how they work and how they should be used.  Also, the video creator often provides a website at the end of the video to show where the viewer could purchase the product. By looking at this, I think YouTbue is also gaining the popularity for business promotions.

here's an interesting news about facebook:

http://ca.news.yahoo.com/s/afp/080928/technology/britain_intelligence_security_internet_facebook_2

I actually have 2 or 3 friends that practically runs their business on Facebook. I don't think they actually even have a physical shop.  One of my friends sells home-made jewelry and other "girly" products on Facebook.  She takes a photo of all her products and has numerous photo albums on Facebook which acts as her product catalogue.  Another friend sent invitations to a grand opening party for his online venture through Facebook. 

I actually read an article in the paper about how many new fashion designers nowadays are using Facebook to promote their clothing line since it's a free and cheap way to promote a new business. The possibilities are definitely endless.