How to run a successful contest on Facebook

Adinah Brown

Not all contests instantly perform well on the social media platform, says Leverate’s Adinah Brown as she investigates how to use the largest social media platform for the purposes of retail brokerage contests

Facebook

With the arrival of the digital era came new and innovative ways in which companies can promote their brands. One of those ways is through social media, and a popular method that has gained traction in the last couple of years is Facebook contests. Whether you run a small or large business, this is a good way of making your presence known in the market and/or thanking your customers for using your products and services.

So why should you hold Facebook contests and why use Facebook?

The Biggest Social Network as Your Platform

Facebook is the biggest social media platform to date, with about two billion users. Reaching even a fraction of that figure can mean big opportunities for your brokerage. While new social media networks continue to crop up, competing the consumer’s attention, Facebook still makes sense for a lot of companies. Not in vain it currently has 70 million business pages.

Let’s break down the value of Facebook when holding your brokerage’s contests.

It helps build your fan base: It doesn’t matter if you’re starting with 5,000 or 10,000 likes on your Facebook page. If you hold a contest with big prizes at stake, you can expect those numbers to increase in a matter of days or weeks.

It gives you the necessary data: Use your contests to gather more information about your visitors. Through a well-designed trivia questionnaire you can discover more about your audience and how well they know your products or services.

It increases sales and engagement: You can increase awareness for your brand and traffic to your website. This will, of course, depend on the type of contest you organize. Knowledge-based contests can entice your audience to go to your website and get the answers. With a well-designed, optimized website, users may explore and discover more about your business, organically leading to more conversions.

In terms of engagement, when a page attracts fans, they are likely to comment, like, and share its content.

What Makes a Facebook Contest Successful?

Not all contests instantly perform well on the social media platform.

1. You need an enticing pitch to get more people to participate. What are participants getting in return? Make sure you make it worth their while to invest their time.

2. Decide on what type of contest suits your audience best: sweepstakes, trivia, submitting an essay, photo or video are some of the most popular contest types. The type of contest you run matters because each one appeals to a different audience.

3. You also need to target the right audience to achieve conversion. You’ll want to make sure that your target market frequents Facebook.

4. Make sure you’re aware of Facebook’s do’s and dont’s. Facebook has an extensive list of rules for running contests, including making it clear that your business is running the contest and not Facebook, as Facebook is serving merely as a platform.

5. Choose a third party app to help you support the contest and make sure the app supports participation from mobile devices

6. Keep it simple for participants to enter.

7. Let the world know about the contest. Promote it on other social media platforms, on your website, newsletters and consider spending some money on Facebook ads.

8. Measure results.

Social media contests are effective, not only for the exposure your brand will get, but it also works because it’s a good inbound marketing technique. Instead of the traditional codes on bottle caps or the usual raffle draws, you can turn to social media. Facebook’s massive audience and cost-effective appeal could be a great asset to your brokerage.

Read this next

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

<