Thinking Of Running A Contest on Facebook? Think Again!

At the beginning of November, the massive social network announced that brands, advertisers, and marketers that want to run contests or sweepstakes on its platform have to go through an approval process first.

Getting that approval could be a new revenue stream for Facebook: according to multiple sources in the marketing industry, they’re being told that running a promotion in a Facebook application or "fan page" requires buying ad space too.

It’s pricey. The minimum ad buy is $10,000 for 30 days, using Facebook’s self-service advertising system, according to documents seen by CNET, or $30,000 for 30 days of Facebook home page ads. Priority in the approval process will be scaled, based on how much advertising space has been purchased.

 Read the full article on CNET News here: Running a contest on Facebook? That’ll cost you.

Grab Your Name URL on Facebook today at midnight Eastern

If you are a member of FaceBook, you know that your profile URL looks something like this http://www.facebook.com/home.php?ref=home#/profile.php?id=669887982&ref=profile

Well, FaceBook decided to change that and now you will be able to choose your own user name so your URL is more user friendly and others can find your profile more easily.

First Log in to your FaceBook profile page and then go to this page page: http://www.facebook.com/username/ you will be re directed to an interface where you will be able to choose your new user name. Your chosen user name will then be at the end of your profile page like this http://www.facebook.com/your.name

Of course, you can only choose from available names so hurry and do it today.