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Is a Facebook Like Campaign
    Worth the Resources?
       David R. Anderson
        June 8th, 2012
“…the model [was] very simple. You run $100 in tv ads,
 you made $110 in profit. And this was true for 35 years.
   Mad Men was not about good ads, it turns out if you
  just ran a lot of ads — of any kind — they made more
  money than they cost. And just in the last few years, it
 all fell apart … the underpinning of our entire economy
  went away. If you’re throwing brand advertising at the
      masses and hoping something will stick, you’re
 playing a game that’s already over. Consumers have
              taken their ball and gone home.”
                        Seth Godin
How has the model changed?




                   Facebook	
  and	
  Forrester,	
  2011	
  
“…revenue growth will amount to $30 billion for social
  commerce in 2015, meaning that half of online
  commerce will come from social media that year.”




                                   Moontoast,	
  “The	
  Social	
  Commerce	
  
                                   Opportunity”	
  2011	
  
David Anderson

•    Realtor
•    Headhunter
•    Hotelier
•    Internet Retailer (for the
     last 10 years)
Roadmap
Is	
  a	
  like	
  campaign	
  worth	
  the	
  resources?	
  


      Where	
  does	
  Facebook	
  fit	
  in?	
  


             How	
  to	
  make	
  Facebook	
  work	
  for	
  your	
  business	
  


                   Examples	
  


                          Cost	
  and	
  success	
  
Is a like campaign worth the resources?

                  NO                                       YES
•    No immediate positive ROI            •    Creation of a branded asset
•    Not currently a strong sales         •    Community
     platform                             •    Low potential cost per new like
•    High potential cost per new like     •    What happens in three years if
•    Hard to measure conversion                you don’t?

                                   	
  
Yes, a Like campaign coupled with a
community building campaign is worth the
                resources.
Why Facebook?
•  46% of social media followers feel shopping their retailers
   “reflects their personal lifestyles” vs. 21% percent of nonfollowers
•  53% choose their retailers when they want to “indulge”
   themselves vs. 28% of nonfollowers
•  46% of social media followers feel their retailers add “joy and
   pleasure” to their lives vs. 20% of nonfollowers
Social media is an effective vehicle for building emotional
  connections, and stronger emotional connections lead
               to better business outcomes.
                                                       MoJsta,	
  2011	
  
Customer Social Behavior
•    83% of consumers tell their friends when they get a good deal
•    90% of people trust recommendations from their friends
•    300% more likely to buy when recommended by a friend
•    1000% more likely to buy after seeing that a friend purchased it




                                               JWT	
  Intelligence,	
  Dec	
  2010	
  
                                               Nielsen,	
  April	
  2010	
  
                                               Facebook,	
  August	
  2011	
  
What happens if you aren’t a part of the
     conversation on Facebook?
“The Like is not the be-all and
  end-all of Facebook campaign
   success; it is merely the first
                step.
Fifty-five percent of those who
    Like a brand page say they
    later "unlike" or change the
    settings so that the brand's
  messaging doesn't show up in
         their News Feeds.”
 Irit Batat, VP of Marketing for
             AMEX Israel
“…most retailers are “infatuated” with the Like button
 and thus use any number of gimmicks – contests for
  example – to entice people to click. Putting a value
   on a Facebook Like – certainly counting on it as a
      predictor for future sales – is a slippery if not
  impossible business. Instead retailers must make a
     leap of faith that the campaign will somehow,
 somewhere along the line actually get consumers to
                            buy."
            Bill Bass, Charming Shoppes

                                      Storefront	
  Backtalk,	
  2011	
  
Community Building Campaign
•  Long-term social media strategy
•  Ongoing, two-way communication with customers
•  Build it now!
Where should community building go in my
        small business strategy?
1.    Website, landing pages, checkout
2.    SEO
3.    Google pay per click campaign
4.    Adcenter
5.    Email marketing campaigns
6.    Social Media employees and presence
7.    Facebook page and timeline
8.    Community Building Campaign
Community Building Best Practices
“Social networks are communications platforms, so
   maintaining a flow of communication with – and
   between – your customers is key. Try to build a
     community around your items, engage your
  customers, encourage fan-to-fan communication
    and product discussions, then simply offer a
               convenient way to buy.“
            Ruslan Fazlyev, CEO of Ecwid
Community Building Best Practices
1.  Build a minimum viable audience with useful,
    educational, and entertaining content.
2.  Listen carefully to their frustrations, fears,
    problems, and desires.
3.  Create or adapt products and services that better
    serve them.
Tools to Build Audience
•  Facebook Ads
•  Like campaigns, giveaways, contests
•  Email to existing customers about Facebook page
•  Link to social media outlets on all customer
   communication
•  Link to social media outlets from website
•  Encourage employees to engage their network
Best Practices: Engage Fans
•  “You gotta see this” factor
•  Post topics:
      •  Quotations
      •  Industry Tips
      •  Project Ideas
      •  Text Comments
      •  Pictures
      •  Videos
      •  Product Info
      •  Discount Specials

                                 icanhazcheezeburger.com	
  
Best Practices: Facebook Posts
•  Schedule posts strategically as the average post
   lifespan is 11 -22 hours
•  A page like creates the possibility of your posts
   appearing in your fan’s newsfeed so friends will see
•  A comment is considered a stronger endorsement
   and a validation of interest which equals higher
   relevancy
•  A share strongly influences future relevancy and the
   virility of a post
                                     Pam	
  Starr	
  for	
  Constant	
  Contact,	
  2012	
  
Best Practices: Email & Like Campaign
                       •  Ask fans to share
                       •  Ask fans to get their
                          friends involved
                       •  Give away
                          something that
                          attracts your target
                          market
                       •  Use photos
Best Practices: Like Campaign Sweepstakes
Best Practices: Facebook Ads
                   Type	
  of	
  Ad	
          New	
  Likes	
     Cost	
  Per	
  Like	
  
February	
         Recent	
  Facebook	
        51	
               $1.66	
  
                   posts	
  
March	
            Photo	
  and	
  link	
      71	
               $2.18	
  
May	
              Call	
  to	
  acJon,	
      489	
              $0.39	
  
                   “Become	
  a	
  Fan!”	
  
Best Practices: Facebook Ads
                 •  Call to action
                 •  Explain benefit of
                    becoming fan
                 •  Use relevant, eye
                    catching photo
Best Practices: Email Campaign
Best Practices: Website Links
Costs
•    Employee: 2 hours per day- $15/hr- $600/mo
•    Facebook Ads: $600/month ($20/day)
•    Giveaways: $X/month?
•    Donations: $X/month?
How to measure results?
•    Long-term relationship building
•    Branding
•    Interactions
•    Shares
•    Likes
Like Us!




http://www.facebook.com/WildlifeWonders

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Is a Facebook Like Campaign Worth the Resources?

  • 1. Is a Facebook Like Campaign Worth the Resources? David R. Anderson June 8th, 2012
  • 2. “…the model [was] very simple. You run $100 in tv ads, you made $110 in profit. And this was true for 35 years. Mad Men was not about good ads, it turns out if you just ran a lot of ads — of any kind — they made more money than they cost. And just in the last few years, it all fell apart … the underpinning of our entire economy went away. If you’re throwing brand advertising at the masses and hoping something will stick, you’re playing a game that’s already over. Consumers have taken their ball and gone home.” Seth Godin
  • 3. How has the model changed? Facebook  and  Forrester,  2011  
  • 4. “…revenue growth will amount to $30 billion for social commerce in 2015, meaning that half of online commerce will come from social media that year.” Moontoast,  “The  Social  Commerce   Opportunity”  2011  
  • 5. David Anderson •  Realtor •  Headhunter •  Hotelier •  Internet Retailer (for the last 10 years)
  • 6. Roadmap Is  a  like  campaign  worth  the  resources?   Where  does  Facebook  fit  in?   How  to  make  Facebook  work  for  your  business   Examples   Cost  and  success  
  • 7. Is a like campaign worth the resources? NO YES •  No immediate positive ROI •  Creation of a branded asset •  Not currently a strong sales •  Community platform •  Low potential cost per new like •  High potential cost per new like •  What happens in three years if •  Hard to measure conversion you don’t?  
  • 8. Yes, a Like campaign coupled with a community building campaign is worth the resources.
  • 9. Why Facebook? •  46% of social media followers feel shopping their retailers “reflects their personal lifestyles” vs. 21% percent of nonfollowers •  53% choose their retailers when they want to “indulge” themselves vs. 28% of nonfollowers •  46% of social media followers feel their retailers add “joy and pleasure” to their lives vs. 20% of nonfollowers Social media is an effective vehicle for building emotional connections, and stronger emotional connections lead to better business outcomes. MoJsta,  2011  
  • 10. Customer Social Behavior •  83% of consumers tell their friends when they get a good deal •  90% of people trust recommendations from their friends •  300% more likely to buy when recommended by a friend •  1000% more likely to buy after seeing that a friend purchased it JWT  Intelligence,  Dec  2010   Nielsen,  April  2010   Facebook,  August  2011  
  • 11. What happens if you aren’t a part of the conversation on Facebook?
  • 12. “The Like is not the be-all and end-all of Facebook campaign success; it is merely the first step. Fifty-five percent of those who Like a brand page say they later "unlike" or change the settings so that the brand's messaging doesn't show up in their News Feeds.” Irit Batat, VP of Marketing for AMEX Israel
  • 13. “…most retailers are “infatuated” with the Like button and thus use any number of gimmicks – contests for example – to entice people to click. Putting a value on a Facebook Like – certainly counting on it as a predictor for future sales – is a slippery if not impossible business. Instead retailers must make a leap of faith that the campaign will somehow, somewhere along the line actually get consumers to buy." Bill Bass, Charming Shoppes Storefront  Backtalk,  2011  
  • 14. Community Building Campaign •  Long-term social media strategy •  Ongoing, two-way communication with customers •  Build it now!
  • 15. Where should community building go in my small business strategy? 1.  Website, landing pages, checkout 2.  SEO 3.  Google pay per click campaign 4.  Adcenter 5.  Email marketing campaigns 6.  Social Media employees and presence 7.  Facebook page and timeline 8.  Community Building Campaign
  • 16. Community Building Best Practices “Social networks are communications platforms, so maintaining a flow of communication with – and between – your customers is key. Try to build a community around your items, engage your customers, encourage fan-to-fan communication and product discussions, then simply offer a convenient way to buy.“ Ruslan Fazlyev, CEO of Ecwid
  • 17. Community Building Best Practices 1.  Build a minimum viable audience with useful, educational, and entertaining content. 2.  Listen carefully to their frustrations, fears, problems, and desires. 3.  Create or adapt products and services that better serve them.
  • 18. Tools to Build Audience •  Facebook Ads •  Like campaigns, giveaways, contests •  Email to existing customers about Facebook page •  Link to social media outlets on all customer communication •  Link to social media outlets from website •  Encourage employees to engage their network
  • 19. Best Practices: Engage Fans •  “You gotta see this” factor •  Post topics: •  Quotations •  Industry Tips •  Project Ideas •  Text Comments •  Pictures •  Videos •  Product Info •  Discount Specials icanhazcheezeburger.com  
  • 20. Best Practices: Facebook Posts •  Schedule posts strategically as the average post lifespan is 11 -22 hours •  A page like creates the possibility of your posts appearing in your fan’s newsfeed so friends will see •  A comment is considered a stronger endorsement and a validation of interest which equals higher relevancy •  A share strongly influences future relevancy and the virility of a post Pam  Starr  for  Constant  Contact,  2012  
  • 21. Best Practices: Email & Like Campaign •  Ask fans to share •  Ask fans to get their friends involved •  Give away something that attracts your target market •  Use photos
  • 22. Best Practices: Like Campaign Sweepstakes
  • 23. Best Practices: Facebook Ads Type  of  Ad   New  Likes   Cost  Per  Like   February   Recent  Facebook   51   $1.66   posts   March   Photo  and  link   71   $2.18   May   Call  to  acJon,   489   $0.39   “Become  a  Fan!”  
  • 24. Best Practices: Facebook Ads •  Call to action •  Explain benefit of becoming fan •  Use relevant, eye catching photo
  • 27. Costs •  Employee: 2 hours per day- $15/hr- $600/mo •  Facebook Ads: $600/month ($20/day) •  Giveaways: $X/month? •  Donations: $X/month?
  • 28. How to measure results? •  Long-term relationship building •  Branding •  Interactions •  Shares •  Likes