Is it just me or does $3000 seem like a really cheap price for the Dallas Mavericks to reach 1M+ fans? Would it make any significant difference to their marketing budget if the price were cut to $1000 or doubled to $6000?
Think of when you go to an NBA game and they give out some sort of "freebie". I would imagine those game "freebies" cost much more than $3000, and regardless of that, with Facebook you are potentially reaching the 1M+ fans where as those game "freebies" might only be handed out to a measly 5K. It seems like a no-brainer to use Facebook to reach 1M+ fans at that price, vs what they traditionally pay for other forms of marketing.
Also, you could easily be selective on what sort of post validates for a $3K (post) promotion. Not all posts are worth promoting to every one of your fans, doing so would just weaken the brand image (in my eyes).
Yeah, very true. That makes much more sense why people are upset. However, I still think they should just take a step back and just look at the cost of more "traditional" alternatives that, what it seems like, are never even questioned for their price to value ratio. An extreme example would be how the Ford Explorer launch on Facebook generated more traffic than a Super Bowl ad .
What was the "acquisition cost" of those 1M+ Facebook fans (likes)? Ostensibly, this is "double dipping" on the part of Facebook from the perspective of businesses and brands who've been marketing their FB presence in aims of adding subscribers they can reach.
Regardless of what they paid, its already been spent and its likely that Facebook did not see much of that anyway. Even if they were to move to another social network out of spite they'd still have to pay that acquisition cost again and more since that network will be much smaller making it harder to drive more likes/follows/whatevers there.