4. Did you know? FACEBOOK Over 3.5 million Belgian users +22 year old: 2.492.140 Over 500 million members worldwide (100 million by mobile) More than 25 billion pieces of content are shared every month 50% logs in on Facebook on a daily basis On average, one member has 130 friends Every month, over 70% engage with applications Source: http://www.facebook.com/press/info.php?statistics
5. The Facebook Fanpage Introduction The value of a Facebook Fan Why Facebook? Why a Fan page? Getting started!
10. Deriving Fan Value Facebook Fan Your Business $ value surplus product spending $ value surplus loyalty $ value surplus VALUE SURPLUS probability to recommend $ value surplus fan acquisition $ value surplus media value $ value surplus brand affinity Src: Syncapse Corp Research June 2010
11. Annual Product Spending Facebook fans spend +71,84 $ more than non-fans per year Src: Syncapse Corp Research June 2010
12. Brand Loyalty Facebook fans are 28% more likely to continue using a brand Src: Syncapse Corp Research June 2010
13. Probability to Recommend 68% of Facebook fans indicate to be very likely to recommend that product, in contrast to 28% of non-fans Src: Syncapse Corp Research June 2010
14. Deriving Fan Value Facebook Fan Your Business $71.84 value surplus product spending $43.71 value surplus loyalty $13.57 value surplus probability to recommend $ 136.38 annually $0.47 value surplus fan acquisition $6.79 value surplus media value Soft value surplus brand affinity Src: Syncapse Corp Research June 2010
15.
16. Annual fanpage value $ 580.003.461 likin’ 2.232.328 fans X $ 259,82/fan annually
28. Less negative WOM (reputation management)(cfr. The Net Promotor Score model) New Consumer hello Grow Social Value [WOM References per Consumer]
29. Facebook Page Happy Profitable Consumer Grow Monetary Value [Sales per Consumer] CONSUMER GROWTH New Consumer hello Grow Social Value [WOM References per Consumer]
30. A Facebook fan page is a self-segmenting audience of highly valuable consumers + Monetary Value Social Value
49. Vanity URL Reserve the vanity URL as an easy link to the page Useful for offline communication and Facebook SEO You need a minimum of 25 fans Eg. http://www.facebook.com/schweppes GO TO http://www.facebook.com/username
51. TAB Landingpage A good landingpage contains What will they get out of becoming a fan of your page? What’s the promise? What kind of updates will they get? Eg. Promotions, discounts, exclusive content, ... Have a call to action “Click on the ‘Become a fan’ button above” with an arrow pointing up toward the “Become a fan” button. Who are you or what is your company? Consistent brand, logo, colours, product visuals NO LINKS to external sites on the landingpage. Focus is on fan recruitment. How? http://mashable.com/2010/02/22/build-facebook-landing-page/
54. Expectations Breakdown of why users might “Like” your brand 40 percent to receive discounts and promotions 39 percent to show my support for the company to others 36 percent to get a "freebie" 34 percent to stay informed about the activities of the company 33 percent to get updates on future products 30 percent to get updates on upcoming sales 29 percent for fun or entertainment 25 percent to get access to exclusive content 22 percent someone recommended it to me 21 percent to learn more about the company 13 percent for education about company topics 13 percent to interact Src: ExactTarget, 2010 research
55. EXTRA: Invisible content to non-fans It’s possible to prominently hide content for people that are not a fan yet. Exclusivity is very powerful and shows that the brand is committed to do something more for fans on Facebook
57. Fresh & Timely Content New visitors want to know that the brand is present Existing followers need a reason to stay engaged. Brands can accomplish both of these by keeping their pages current and consistently adding fresh content. HINT: create polls for more engagement (cfr. Skittles)
67. Remember to... Treat Facebook fans better Post targeted messages Per region (country) Per language Choose the name wisely Design a strong landing page Be up-to-date & synchronize with existing social media accounts Have some fun!! *Source: http://www.syncapse.com/media/syncapse-value-of-a-facebook-fan.pdf
Yearly study from the House of Marketing among 1000 Belgian Marketers. Buzz words among marketers.Blogging, social media and web 2.0 have lost importance. Probably due to early failures.
Strange, because at the same time it were brandwebsites that were losing traffic and social media that were boosting.Even Google was surpassed by Facebook.
Your visitors
Your Consumers
CRM
A Facebook fan is above all “a consumer”.
We must identify what are the drivers that create business value. And compare fans to non fans on each of these drivers.I will discuss three.
Fans on Facebook are also bigger spenders. This also indicates a relation between being a fan and being a heavier user.