Resources & Tools

Facebook Teams with Franchise Group

 

WASHINGTON (MainStreet) -- Facebook is teaming with the International Franchise Association to spur growth at small franchises in a challenging economy.

The trade association, representing more than 825,000 U.S.-based franchise establishments, said Friday that Facebook has become an official member, with the intent to connect "franchisors and franchisees with tools to grow their franchise systems and better connect with customers in their communities."

Franchised companies are looking to grow, which means they are looking for ways to find prospective franchisees. Additionally, they want existing franchisees to connect more effectively with local customers, IFA president and CEO Steve Caldeira says.

"As a world leader in connecting people in a trusted environment online, Facebook's involvement with the IFA will help franchise businesses drive sales and create jobs," he says in a statement.

Facebook tools such as ad targeting and local "check-in" abilities can particularly help smaller franchises acquire and engage with customers. The social media giant says it wants to hear from franchisors and franchisees about their needs and respond with lessons on how to use the social media site for growth -- a continuation of efforts announced in September.

Starting next year, Facebook will also award $10 million worth of free advertising to some 200,000 local businesses through $50 worth of ad credits each.

The company told TheStreet that as long as a business has a Facebook page and the ability to check-in they will likely get an email regarding the ad promotion.

The promotion will run through most of the first quarter.

Separately, Facebook, the Department of Labor, the National Association of Colleges and Employers, the National Association of State Workforce Agencies and DirectEmployers Association on Thursday announced a partnership Thursday that will connect unemployed Americans with jobs through the use of social networks. Other private and public sector partners are to be added in the coming months, according to the DOL.

As part of the announcement, Facebook debuted a "social jobs partnership" page that highlights available training programs, educational opportunities and job search resources. The company committed to drive traffic to the page through targeted online public service announcements to users in areas withh unemployment rates.

-- Written by Laurie Kulikowski in New York.

To follow Laurie Kulikowski on Twitter, go to: http://twitter.com/#!/LKulikowski

To submit a news tip, send an email to: tips@thestreet.com.

RELATED STORIES:



Follow TheStreet on Twitter and become a fan on Facebook.

>To order reprints of this article, click here: Reprints

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,454.83 1,317.82 2,837.53 17.45
Oil *
107.26
DOWN
74.92
DOWN
2.86
DOWN
1.85
DOWN
0.14
10 Yr
1.74%
SPDR Gold
152.68
-0.60%
-0.22%
-0.07%
-0.80%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet