Facebook success stories

1. Facebook Success Stories
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2. 1. Claim a Vanity URL
A Facebook vanity URL is a custom address that represents your
business or product. There are two reasons you want to claim your
unique Facebook web address:
Your business is immediately added to the Facebook page
directory
Your page is now indexed by search engines
Both provide an easy way for past and potential customers to find
your page. To make your URL unique, choose one based on
company name or keywords that correspond to your local market or
specialized niche.
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3. 2. Set Up Your Business Page Correctly
Facebook offers personal profiles and business pages; both of
which have very specific uses and guidelines. A personal profile
is for personal reasons only and should not be used for business
purposes. Failure to set up your business page properly could
result in Facebook shutting it down without warning or
explanation.
Among the many benefits to a business page are increased
visibility and improved credibility as you provide a space where
past and current clients can interact and participate in a
community committed to meeting their needs.
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4. 3. Give Your Fans The Content They Crave
While much has been written about increasing Facebook page
engagement, one basic fundamental to your page’s success will
always stand. Providing valuable content to a group of eager and
hungry fans will boost conversation and amplify your page’s
virility.
Consistently analyze your Facebook analytics to assess what
content resonates with your fans and how you can best provide
it. Do pictures, videos or links perform better? Adjust your
strategy and your content when appropriate to keep your page
fresh and your information pertinent.
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5. 4. Connect Your Online and Offline Marketing
Do you have an email list or database that you have successfully
grown throughout your career? If so, make sure to send an
announcement about your Facebook page asking them to join
the community.
You will also want to add a link to your Facebook page on any
outgoing email correspondence along with a simple call to action.
Don’t forget to give them a reason to click through and LIKE
your page!
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6. 5. Give Away Valuable Information
The single most effective way to build loyalty and trust is by
sharing valuable and useful information with no strings attached.
Make use of your expertise by giving away a series of useful tips
pertaining to your niche or community. This is much appreciated
information that many people will want to follow and share.
Fluff is nice, but information that can be used to save money,
make money, and win in negotiations will keep your audience
tuned in and coming back for more.
Always keep in mind, you must commit daily to converting your
fans from casual lurkers to active and engaged fans that feel a
sense of loyalty to you and your personal brand.
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7. 6. Create Consistency in Your Daily Actions
Facebook marketing can be challenging due to its magnitude and
intricacies. Maintaining a consistent presence while juggling
other responsibilities can only be achieved by creating a
consistent flow to your daily actions.
Utilize tools such as Hootsuite, Tweetdeck and Bufferapp to
schedule Facebook posts ahead of time. The idea is to maximize
both your time and money. You can stay in front of your fans
without falling behind on your other duties and responsibilities.
Remember, building a presence on Facebook is a process and
will not happen overnight. By understanding the needs of your
fans and designing a strategic plan to grow your page, you open
the door to new opportunities and a much brighter future.
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8. 7. Move fast.
Mark Zuckerberg built the first version of Facebook in his spare
time in his Harvard dorm room.
He didn't write a business plan.
He didn't endlessly ask friends and advisors what they thought of
the idea.
He didn't "research the market," apply for patents or trademarks,
assemble focus groups, or do any of the other things that
entrepreneurs are supposed to do.
He just built a cool product quickly and launched it.
And Facebook was born.
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9. 8. Remember that ideas are a dime a dozen--it's all about execution.
From the moment Facebook was launched, there was a huge fight about whose idea it was.
Two Harvard seniors, the Winklevosses, said it was their idea--that Mark Zuckerberg had
"stolen it."
This led to a legal fight that has lasted for nearly a decade.
Meanwhile, outside the clubby world of Harvard, there were dozens of other entrepreneurs
who had similar ideas. And lots of them launched those ideas. But, today, there's only one
Facebook.
Why?
Because ideas are a dime a dozen.
What matters is making them happen.
As the fictional Mark Zuckerberg told the fictional Winklevoss brothers in the movie: "If you
had invented Facebook, you would have invented Facebook."
Don't waste time congratulating yourself for having a good idea. Just go make it happen.
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10. 9. Keep it simple (don't overbuild).
Many companies get so entranced with all the amazing features
they want to build into their products that they make their
products so complex that no one can figure out how to use them.
Or they take so long to develop their products that by the time
they come out, they have already been leapfrogged.
The first version of the "thefacebook" was very simple. It did one
thing well.
Then Zuckerberg and the Facebook team improved it over time.
And, each time, they made sure that the service was still easy to
use.
(Okay, the privacy controls are ludicrously complex, but no one
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11. 10. Figure out what will kill you... and make sure it doesn't.
Most people have long since forgotten, but Facebook was far from the first social network.
There were several other college networks in existence before Facebook launched in 2004,
including at Columbia and Stanford.
(The latter, called Club Nexus, had been around since 2001. But, in violation of Facebook
Success Secret No. 3, it was too complex. So it never really took off.)
Out in the real world, meanwhile, Friendster and MySpace were taking the world by storm.
But then Friendster committed suicide. How?
By failing to restrict usage until it had the back-end infrastructure in place to support it.
Demand for Friendster became so intense that the service slowed to a crawl. By the time the
company finally fixed the back-end, a year later, most of Friendster's U.S. users had defected
to other networks.
When Zuckerberg and his co-founders rolled out Facebook, they carefully controlled new
registrations. They added one school at a time, waiting until they were certain that their
infrastructure could handle it. Thus, Facebook always "worked."
In other words, Zuckerberg correctly identified one of the things that could kill Facebook--and
he made certain not to fall prey to it.

12. 11. Make your primary focus the product, not the "business" or "shareholder value."
Facebook Roadshow
Mark Zuckerberg was famously uninterested in Facebook's business in the early days. Instead, he focused
all of his energy on Facebook's product.
This product obsession went so far that Zuckerberg continually turned away advertising clients, because
he didn't want ads to muck up the service. Ads weren't cool. Zuckerberg wanted Facebook to be cool.
As Facebook grew, Zuckerberg retained his focus on the product. He then hired senior executives--Sheryl
Sandberg and David Ebersman--to run the company's business and finances.
As Facebook prepared to go public, Zuckerberg wrote a letter to shareholders in which he stated the
company's intention to focus on its "social mission" first and its business second.
On Wall Street, not surprisingly, this is heresy. In Wall Street's view, companies are supposed to focus all
of their efforts on creating value for their shareholders (translation: making the stock price go up.)
As Amazon and other companies have demonstrated, however, one of the best ways to create huge
amounts of shareholder value over the long-term is to focus obsessively on the your product and your
customers. If you do that, the business will follow. And you won't make the mistake that a lot of companies
make, which is to focus on the business at the expense of the product. Nothing exposes you to the risk of
disruption or mediocrity like emphasizing "business" and neglecting the product.
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13. 12. Get really really good at hiring... and really really good at firing.
Dylan Love
The strength of a company has nothing to do with its technology or current products. It has to
do with its people.
(Why? Because technology and products change. Quickly.)
Even Steve Jobs was quick to admit that no one can do it alone.
So if you want to build a great company, you have to build a great team. And building a great
team means two things:
Hiring well, and
Firing well.
It's easy to understand how to hire well: You have to find the best people for each position
and then persuade them to join the company.
Firing well, meanwhile, is critical for two reasons: First, no matter how careful you are, you're
going to make hiring mistakes, and you need to fix them quickly. Secondly, if your company
is growing rapidly, it will eventually outgrow some of your early executives--and you'll need to
replace them. In short, if you don't "fire well," your company will slip into mediocrity.
In Facebook's early days, the company made lots of hiring mistakes, but it addressed them
quickly. Facebook was also good at replacing executives as the company outgrew them.

14. 13. Maintain control.
Courtesy of Wikipedia
Every company has three main constituencies:
Customers, Employer, Shareholders
The best companies balance the interests of all three of them.
Weaker companies, meanwhile, emphasize the interests of one constituency at the expense of the others. They
pay employees too little to make ends meet, for example. Or they try to save on manufacturing costs and
produce crappy products. Or they pay their managers so much for mediocre work that they lose their edge.
One of the reasons some companies fall into this trap is that they end up controlled by short-term shareholders
who have very different interests than the company's customers and employees.
If Facebook had been controlled by its venture capitalists, it is likely that the company would have sold out long
before now. If, as a public company, Facebook were beholden to the short-term needs of public shareholders, it
might be tempted to cut research and development costs or take other shortcuts to meet its quarterly numbers.
But Facebook has always been controlled by Mark Zuckerberg. And Zuckerberg has always been more focused
on building his long-term vision than on capitalizing on short-term financial rewards.
One way to ensure that your company won't get pulled off course, therefore, is to maintain control of it. If not by
owning complete voting control, the way Mark Zuckerberg does, by having key shareholders who support your
vision.

15. 14. Don't endlessly "focus group"--just roll out new features and adapt to the screams.
Steve Jobs also famously said that customers don't know what they want.
It was Apple's job, Jobs continued, to figure out what the customers would want--and then
give it to them.
Facebook has always operated the same way.
Instead of "focus-grouping" new features, Facebook has just rolled them out. Sometimes,
these new features have been met with outrage and screams. Facebook has then adapted
or killed the new features based on what it learns from the screams.
In the case of "News Feed," for example, Facebook kept the feature but tweaked it to
address some of its users' concerns. And this feature, which was initially hated, has gone on
to become one of Facebook's most important features.
In the case of "Beacon," meanwhile, Facebook ultimately withdrew the feature completely.
Each time Facebook has rolled out a product that was greeted with screams, some
observers of the company have concluded that the company "made a mistake." Although in
a limited sense, these features might have included "mistakes," the process itself is
deliberate. And it works.
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16. 15. Cultivate smart advisors and learn everything you can from them.
Leadership and management are skills.
As such, they can (and have to be) learned.
As venture capitalist Ben Horowitz puts it, CEOs are made, not born.
Mark Zuckerberg's skill as a CEO, which is now prodigious, was deliberately acquired.
Early in Facebook's development, Zuckerberg was such a lousy leader that one of his executives
cornered him to tell him he needed "CEO lessons."
From then on, Zuckerberg dedicated himself to learning as much and as fast as he could.
To help with this, he cultivated a group of advisors, including some of the best entrepreneurs,
investors, and executives in the country. This group included Steve Jobs, VC Marc Andreessen,
investor Peter Thiel, Jim Breyer of Accel Partners, Warren Buffett, Donald Graham of the
Washington Post, and many others. Zuckerberg learned as much as he could from each of these
men, as well as from many of the executives he recruited to Facebook. And, gradually, he
became a great leader.
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No one has all the answers. And the more talented people you surround yourself with, the more
likely you'll be to be exposed to some good ones.

17. 16. Grow skin as thick as a pachyderm's.
Na Son Nguyen/AP
If you're doing something hard, innovative, or interesting--in short, something worth doing--you're going to
get criticized.
The more successful you are, the more this criticism will increase.
You don't have to enjoy the criticism, but you do have to learn to tolerate it. Because there's absolutely
nothing you can do to stop it.
People will be jealous. They will be angry. They won't understand. They will have agendas (the media,
competitors). They will be frustrated at the way they were treated (ex-employees). They will want money
and credit.
In short, they will lob no end of hell-fire your way. And, sometimes, the criticism will be accurate.
Some of the immense amount of criticism directed at Mark Zuckerberg over the years has been accurate.
In the beginning, he was a lousy leader. He has made many mistakes. He did do some things (very early
on) that were questionable ethically. He pissed a lot of people off.
This criticism had to have hurt. How could it not? But Mark Zuckerberg never let it derail his desire to
continue to build Facebook. And he never let it get to him to the point where he quit.
No matter what you do in life, if you're successful, people are going to throw rocks at you. If you're going to
keep succeeding, you have to grow skin thick enough that they'll just bounce off.

18. 17. If you ever think that you're done--you're done.
Thomas Purves via Flickr
When Facebook finally blew past the collapsing MySpace a few years ago, it "won" the social-
media race.
At that point, it could have settled back and congratulated itself for a job well done.
Fortunately for everyone at the company--and its users and shareholders--it didn't.
Facebook kept running as fast and hard as it could, putting as much distance between itself
and its competitors as possible. It kept poaching talent from competitors and would-be
competitors. Every time a new startup invented something cool, Facebook copied it. It kept its
progress in perspective: Mark Zuckerberg is fond of saying that the company is only 1% done.
And so on.
Andy Grove famously said that "only the paranoid survive." In most businesses, that's
accurate. If you ever think that you're done, you're done.
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19. 18. Ignore Wall Street and other would-be deal-makers (unless you really want to make a deal).
If things are going well, your doors will be knocked down by people who want to meet with you to see how
you can "work together" or "learn more about where you're headed."
These potential partners and service-providers will include consultants, bankers, investors, potential
acquirers, and competitors. They'll also include any number of other folks who want to sell you things.
Some of these people will be extremely smart, rich, and powerful. They'll talk a great game. And they'll talk
your ears off.
Some of the these people may also actually be able to help--doing favors, providing information and
suggestions, making introductions, etc.
But what these folks won't do is help you produce a better product or service. And mostly they'll just
distract you and waste your time.
If you ever need bankers or other service providers, they won't be hard to find. Pick up the phone, and
dozens of highly qualified ones will instantly appear at your door.
The same goes for most other would-be partners and service providers.
There are only 12-16 hours in a day and 365 days in a year. If you let would-be partners and service
providers drive your agenda, they'll take all that time and then some. So don't let them. Focus on your
product and your customers. Let would-be partners and service providers "learn where you're headed" by
watching you.

20. 19. Focus on the long term.
Ignore them. It's just noise.
If you read the financial media, you could be forgiven for assuming that success is all about "months" and "quarters."
Every quarter, every public company goes through a ridiculous ritual in which announces that it has either "beaten
expectations" or "missed estimates." And its stock then soars or plummets. And the media then trashes or applauds it. And
so on.
In case you don't realize it yet, these quarterly rituals are usually staged rituals: Companies issue "guidance" to analysts,
publicly or privately. The "guidance" is designed to set expectations so low that even a mediocre quarter will "beat
expectations." Investors know this and therefore have "whisper numbers" that represent their real expectations. And that's
why stocks often go down even when companies "beat expectations."
Meanwhile, some companies get so focused on "making the quarter" that they begin to warp their sales processes and
pricing just to meet this random time hurdle. Customers soon learn that if they wait until the end of the quarter to sign their
deal, they'll get a much better deal. And, soon, no one signs anything until the end of the quarter.
So the short-term quarterly game isn't just about wasting time managing investor expectations...it also hurts the business.
The best approach to this whole quarterly game is to minimize it as much as possible. No great companies are built by
obsessing about quarters. Great companies are built by focusing on a vision that will create many years or even decades to
create. In addition to Facebook, think Walmart, Google, Apple, and Amazon.
Put differently, it's a marathon, not a sprint. And you should obsess about getting to the finish line in the marathon, not about
each "beating expectations" with each individual mile-time.
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