New Facebook Marketplace Feature

Facebook News | New Facebook Marketplace Feature, What Could it Mean for Your Business?

Facebook News | Facebook Marketplace | Buffalo Booster, Buffalo NY

On October 3 2016, Facebook released Facebook Marketplace. It was first released in the US, UK, Australia and New Zealand. Marketplace is another source for finding items for sale near you. How does this impact small businesses? Keep reading!

Marketplace Timeline

Next in the Marketplace timeline was August 2017. Facebook announced that it would be releasing the feature to 17 countries across Europe. This would expand the coverage of Marketplace. 

October 26, 2017, Facebook announced that they are adding more options for US car shoppers! Currently, users are free to list cars on Facebook Marketplace. Facebook stated that cars and trucks is the most popular category on Marketplace by far. Due to this, they have decided to allow car dealerships the ability to integrate their inventory with Facebook Marketplace!

New Facebook Marketplace Features Include:

  1. Users will be able to browse inventory from auto dealers via partnerships with Edmunds, cars.com, Auction123, CDK Global and SOCIALDEALER.
  2. Facebook has also enhanced its vehicle section and filtering options including year, make, model, mileage, vehicle type and transmission. Car buyers will be able to narrow down exactly what they are looking for.
  3. Facebook has partnered with Kelley Blue Book and one great feature will be showing trusted car values for vehicles. This will make it much easier for buyers to make sure they’re getting a good deal.
  4. Users will be able to communicate directly with dealership representatives via Messanger and powered chat through providers like CarCode, Contact At Once!, ActivEngage and Gubagoo. 

What Will Facebook Marketplace’s New Car Selling Features Mean for Local Businesses in Buffalo, NY?

Foremost will be the impact on new and used car dealers. Since Facebook acknowledged in their announcement that cars and trucks are their most popular category, it makes sense that the first improvement to Marketplace features will be to vehicles.  

Inside this announcement, Facebook also stated “In addition to vehicles, we are testing features in other Markeplace categories like jobs, event tickets, retail and home rentals to give people more options when looking for products and services in their community”. This spells a potential change for many small business owners to advertise their products and services down the road. 

How Should Business Owners Prepare for Facebook Marketplace?

Test, test, test!

Use Facebook Marketing place in your personal life. By using this feature you will learn about it and see what potential customers might see. 

Stay Up to Date On the Latest Updates to Facebook Marketplace.

Facebook is always testing and releasing features that they think will be useful to their users and enlarge the global community therefore, keeping up with those updates will be invaluable to helping your business stay on top of social media marketing. 

Stay Tuned for More!

We will be sure to keep you updated on new features and how they will impact your business.

Need help launching your Social Media Strategy? Take a look at our Social Media Dos and Don’ts article!

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