Posts tagged facebook strategy
Why social media strategy should NOT start with a drive for Facebook fans
Aug 12th
Why does every social media strategy seemingly start with a company cajoling people to come “like” their Facebook page? This post will explain why that is usually a bad strategy if you are aiming at creating long-term, loyal customers.
I’ve been honored to be selected to help judge a global company’s internal social media competition. Entries were submitted from all over the country as their locations put forward their best shots at social media gold.
There were some interesting entries, even some very good ones, but they all had one thing in common. In the “objectives” section, every single organization stated something like this:
“Our goal is to enter the conversation with our customers and engage with them on our Facebook page.”
Last week I wrote about how our relationships with brands develop over time through many small interactions that create awareness, affection, trust, and eventually a loyal relationship … similar to the way we create friendships in real life.
When I was a kid, it took quite a few interactions at school or on the playground before I was invited to go home after school and play at a friend’s house. And it would get kind of boring if my friend never came to my house. You expect that kind of reciprocity in a relationship, right?
The one thing missing in almost any social media strategy I see is a plan for company representatives to actually go spend some time at the customer’s “house” — 100 percent of the effort is usually aimed at the very difficult task of drawing those eyes to THEIR page, their home, every day instead of visiting customers where THEY “live.”
If the true goal is customer connection, why does it have to start on your own Facebook page?
Why is the metric for success always the number of comments or likes you have on your page, rather than the number of likes and comments your company gives away on other pages? Shouldn’t the effort be at least equal?
This default position of driving people to your page is easy because it is so much simpler measuring your “likes” and comments as a metric of success. It’s the popular thing to do, but I’d like you to start questioning if it is the RIGHT thing to do for a long-term strategy. Check out this diagram and see if this makes sense:
Relationships start with small interactions — and you probably have to go to where your customers are at first. As they get interested in you, maybe they will start coming to your site where they may connect in a bigger way, and eventually bring their friends as they turn into fans.
If you’re sincerely trying to drive people up this curve (and not just “check the Facebook box”), why would you have a strategy that only involves buying likes with coupons and contests? Maybe you need to go visit their house a few times first and get to know them on their terms, too!
(Note: Based on some reader comments, I wanted to clarify that visiting a customer’s “house” may not necessarily be Facebook. It could be their blog, Twitter account, LinkedIn, etc. — it’s where they “spend their time” on the web).
Of course there are many different ways to be successful on the social web and lots of companies are doing great things on their Facebook pages, but I wanted to introduce the idea that it doesn’t necessarily have to start with a “drive for likes”
Have you had similar experiences? Do you ever connect with your customers on their home base Facebook page, blog, or LinkedIn account?
Top illustration courtesy of Toothpaste for Dinner
Why Facebook will become the most dangerous company on earth
Apr 10th
Within the next 60 days, an event will occur that may be the most devastating development in the young history of social media and for the businesses and individuals who love it so much.
Facebook is going to become a publicly-traded company.
If you have ever worked for a public company you can relate to what I am about to say. If you haven’t you’ll have to trust me.
The pressure of “public”
The entire tone of Facebook and its strategy is about to change in ways that I believe could portend desperation and disaster. Instead of managing for a long-term vision, becoming a public company creates an inexorable and relentless pressure to meet quarterly sales goals. If you have ever been an executive in a publicy-traded company, other than hearing “A crew from 60 Minutes is at the door,” there is probably no greater pressure in business than the demand to grow, grow, grow the revenues — To “beat the street,” without exception, without fail.
Maybe it will will take a few months, maybe it will take a year or more, but inevitably the marching orders of Facebook executives will be determined by this constant drumbeat of “more, higher, faster.”
Now, what is the source of Facebook’s growing revenues? You and me.
Virtually the entire economic model of Facebook is based on a single tactic — collect as much personal information about you as possible as a way to sell highly-targeted ads. So for Facebook to succeed, it simply must collect increasing amounts of information about you. More information = more ad revenues. Pretty simple.
Through this lens, we can now view Facebook’s new Timeline innovation as a clever move. The company encourages us to post and share everything about our lives, which will lead to more advertising opportunities. And, you can be assured that every new feature and innovation will be aimed at two things: 1) collect more information and 2) create “stickiness” so you spend more time on the site (to share information and view ads).
Is this sustainable?
So we have to consider — Is this relentless collection of information and selling of ads sustainable in a way that meets Wall Street’s expectations for continuous and aggressive growth?
At least in the near term, Facebook’s prospects seem bright. They are just starting to mine Timeline information. The possibility of organic growth in new countries like China present vast opportunities for data collection and advertising.
But will we reach a saturation point where it becomes impossible for Facebook to squeeze any more information from us? Will we reach a day when Facebook’s insatiable need for data becomes annoying and invasive? Is there a theoretical limit to information gathering? Is there an upper limit to the amount of time people will spend on Facebook?
The other collision point is that the advertising model is in transition. Smartphones are already the first screen of Internet access for 28 percent of Americans and in some parts of the world (like the Middle East), it is already over 50 percent. Compare how many ads you see displayed on your computer versus the smartphone version of Facebook and you will begin to see the crunch Facebook will be facing.
Google, which went public in 2004, faces exactly the same problem of course and I think the pressure is starting to show. I found it extremely odd when the company (who professes to never be “evil”) knowingly took a detour around anti-ad-tracking features on Apple’s iPhone to spy on our private information. They stopped the practice only after being caught by the Wall Street Journal. Apple vowed to stop the Google’s shady practices.
Why would Google do something this stupid? Well, by now you already know the answer — as a public company, Google is under incredible pressure to collect our private information to sell ads.
Similarly, executive bonuses are tied to the success of Google +. What kind of behavior will this drive at the company, when vast personal fortunes are at stake … and the platform increasingly appears to be a ghost town?
What will be the answer to the pressure for growth?
This is a glimpse of what we will one day see from Facebook, too. Undoubtedly they will look for adjacencies and new sources of revenue but nothing in the foreseeable future will come close to making a dent in their reliance on ad revenues.
At some point, Facebook will be faced with a reality — the well of personal information will be tapped dry. The opportunity to create advertising impressions will slow. Mark Zuckerberg will face unimaginable pressure from Wall Street and his shareholders. His company will have to find new ways to turn their vast resource — our personal information — into new sources of profits.
And at that point, Facebook will become the most dangerous company on earth.
How does this perspective land on you?
When did we forget about strategy?
May 12th
Does anybody on the digital media scene pay attention to strategy? Or, are we so determined to lead our clients into social media nirvana that we dance right over that little detail?
Joseph Jaffe, a regular on Mitch Joel’s wonderful Six Pixels podcast series, recently provided a passionate argument for his point that digital agencies seem to have abandoned the idea of strategy. He would know. He recently served as a judge for a national digital strategy competition and said it was an exercise in picking the least bad submission. “There was nothing there,” he said. “No strategy. No meat on the bones at all.”
This reflects my experience with many clients too. Somehow we got caught up in plastering the world with Facebook pages and lost sight of the true purpose of our business: Create shareholder value through a differentiated — and truly strategic — business proposition.
- Cut costs?
- More advertising?
- Work longer hours?
- Create a Twitter account?
All of these tactics might provide short-term gains … but they’re not really strategic. You can’t cut your way to success or even tweet your way to success and your competitors are probably trying to do the same thing, aren’t they? So if they are, how is this going to create ADVANTAGE for YOU?
There is only one way to create competitive advantage in the long-term:
Listen to your customers more effectively and respond more rapidly than your competitors.
That’s it.
I’ve just saved you a ton of money on business books and consultants because every successful business strategy is based on this idea. Every great product innovation has this concept at its foundation.
And it is a continuous process! Don’t ever assume you know what’s going on with your customers with the speed that the market can shift. Embrace your customers. Keep listening! Keep responding! Keep innovating! That is the core of strategy.
What has your experience been? Is your company really focused on strategy or quick fixes?












You’re in marketing for one reason: Grow.
Grow your company, reputation, customers, impact, profits. Grow yourself. This is a community that will help. It will stretch your mind, connect you to fascinating people, and provide some fun along the way. I am so glad you’re here.
-Mark Schaefer

