San Francisco – Facebook is set to allow small businesses in emerging markets the right to sell to customers for free through their Facebook pages, the social media company said on Wednesday, marking a new effort to build up potential advertisers in its fastest-growing regions.The move is Facebook’s latest foray into online commerce in emerging markets. The company launched a service last year allowing some merchants to sell items through paid ads in Facebook’s app. The latest service will instead be free, and users can view products through merchants’ own Facebook pages.By making sellers more reliant on Facebook, the company hopes that more businesses in emerging markets will eventually decide to become paying advertisers.”If a business is seeing value from their page, there is a higher opportunity that they could be an advertiser,” said Benji Shomair, product marketing director of Facebook Pages, in an interview.Facebook, whose stock hit its all-time high last week after reporting sharp growth in ad sales, has about 3 million active advertisers. But there are more than 60 million businesses worldwide using its service that can set up pages for free in an attempt to reach more customers out of Facebook’s 1.7 billion global monthly users.Southeast Asia is Facebook’s fastest-growing region for users, but it still makes far more money off users in the United States and Canada. The company made average revenue of $13.74 per North American user in the second quarter, compared with an average of $1.74 per user in the Asia-Pacific region.The hugely popular Facebook app and website has largely saturated Western markets and is turning to emerging markets for growth, both in users and advertising dollars.It has launched Free Basics, a free, pared-down version of the internet, in more than 30 countries that have populations without reliable internet connections, and it is building internet-beaming drones to connect people who have never had access to the internet.Both initiatives are central to Facebook’s global strategy of seeking to reach a large group of potential users who otherwise would not be able to create Facebook accounts.
Appalachian CaipirinhaJohn Parra, Fox Liquor Bar, Raleigh1 small lime, cut into 8 wedges1 pinch kosher salt4 dashes Peychaud’s BittersÂ½ ounce honey syrup*2 ounces Troy & Sons Platinum MoonshineBlenheim Old #3 Hot – Red Cap Ginger […]
Tenor saxophonist Peter Lamb just turned 40. At his home in Raleigh in the Mordecai neighborhood, we sipped the same bourbon pushed by Bill Murray’s character in the film “Lost in Translation.” The familiarity and […]