The market research possibilities on Facebook are amazing.
- Need to ask a targeted demographic a few key questions? Run a poll for pennies a response. You'll have your answer in a few hours.
- Want to test an offer? Buy a flyer… again for pennies a response. Within a few hours, you'll have accurate click through numbers.
- Need some qualitative data? Forget about focus groups. Just ask a selection of people in your target audience via messages.
At one time in my career I ran a market research group for Microsoft with an annual budget in the millions. Testing product concepts, and advertising can easily cost tens of thousands of dollars to get the most basic results. For our FREE Conference Calling application on Facebook, we've done product concepts, messaging and offer testing for a few hundred dollars.
Innoculate, culture, and read the results… Facebook is a petrie dish… for marketers, that is.