Estimation question

Estimate the number of small businesses using Facebook ads.

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What this question tests

Whether the candidate can build a top-down estimate from total business counts and ad-adoption assumptions.

How to approach it

  1. State scope: assume active small businesses in the US using Facebook or Instagram ads, and confirm that with the interviewer.
  2. Estimate total small businesses in the US, roughly 33 million, as a stated assumption based on general small business counts.
  3. Estimate what share are active on social media for marketing, assuming roughly 50 to 60 percent maintain a business page.
  4. Estimate what share of those actually run paid ads rather than only organic posts, assuming roughly 20 to 25 percent.
  5. Multiply: 33 million times 55 percent times 22 percent gives roughly 4 million small businesses using Facebook ads.

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