Small Business Labs

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Facebook Announces Facebook Shops

Small Business Labs

This week Facebook announced Facebook Shops , which it describes as "a mobile-first shopping experience where businesses can easily create an online store on Facebook and Instagram." Facebook is going to charge a small fee for each sale, but they say their primary revenue model for Stores is advertising.  

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Facebook Announces Libra, a New Cryptocurrency

Small Business Labs

Last week Facebook announced Libra , a new cryptocurrency.   While Facebook is the driving force behind Libra, it’s created a foundation that other organizations can join. .   While Facebook is the driving force behind Libra, it’s created a foundation that other organizations can join.

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Facebook Releases Marketplace to Compete with Craigslist

Small Business Labs

  Today Facebook released their Craigslist competitor, called Marketplace. Like Craigslist, Facebook does not facilitate the payment or delivery of items listed or sold in Marketplace. Facebook first launched a Marketplace type product in 2007, but it wasn't successful. Facebook has about 1.7

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Google and Facebook's Domination of the Advertising Industry

Small Business Labs

As chart below (click to enlarge) shows, Google and Facebook have greater advertising revenues than any of the big, traditional media companies like CBS and Disney. What the chart doesn't show is Google and Facebook combined have greater advertising revenues than all of the traditional media companies combined. 

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A Facebook for Dogs

Small Business Labs

The quantified dog startup Whistle  is expanding its product line to include a Facebook-like social network offering for dogs. OK, the dogs won't be doing the networking. Their owners will.  The broader category is called the quantified self, or in this case the quantified dog.

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Will Facebook Replace Traditional Websites?

Small Business Labs

.  Last year we wondered if social media in general and Facebook in particular could replace traditional websites.    But despite the feedback, many small businesses are using Facebook for their firm's primary website.    The general consensus of the feedback we got was a solid no. 

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Is Facebook Replacing Traditional Websites?

Small Business Labs

» July 13, 2010 Is Facebook Replacing Traditional Websites?   We've noticed a steady increase in the number of small businesses using Facebook as their primary or exclusive website.    They are doing this because it's cheap, easy and their customers are on Facebook.

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