Monetizing Social Media
Without question, Facebook is going to be a big part of any successful social media marketing strategy; however, many marketers struggle with how to best leverage it in a way that shows respect for both the consumer and the channel itself. In my latest column for eM+C Magazine, I detail some proven marketing strategies and best practices for Facebook that have been used by major brands to build an active community of brand advocates.
For even more information on how to create a successful Facebook social media strategy, I also recommend that you also read our brand new whitepaper, "Facebook Best Practices: Building Your Brand & Your Community."
You can read the eM+C article below, or at eM+C at: http://www.emarketingandcommerce.com/blog/building-your-facebook-community
Building Your Facebook Community
By Michael Della Penna
September 09, 2010
In July, 2010, Facebook announced that more than 500 million people worldwide were actively using the social media site to connect with family, friends and, yes, increasingly, brands. While Facebook continues to evolve as a marketing platform, a growing number of marketers are looking to leverage this channel to engage consumers and build communities. But what are some of the secrets to success, and how can you leverage these best practices to build a powerful community of brand advocates?
Listen. Understand. Then frame the conversation.
Before attempting to develop a full Facebook fan page for your brand, first determine the nature of the conversation between your brand and its customers. When it comes to framing the conversation, the brands that build successful Facebook communities take their cues from their customers and don’t try to dictate or dominate the relationship. They do this by listening. Follow these tips to tap into multiple listening sources to uncover shared passions:
Brand audit. Type your brand name into Facebook's search bar to take a pulse of the nature of the conversations already taking place about your brand.
Leverage traditional market research. Collect information about how your customers use social media, and what kind of content and conversations are important to them. Survey your customer base through database marketing, website intercept surveys and third-party research panels. Use focus groups to drill down into the attitudes and particular content, features and functionalities that will set you apart.
Listening tools. Use powerful monitoring tools to filter the immense amount of discussions and activity surrounding your brand, and to identify opportunities and key areas of interest.
Acquire and grow: Build your fan base. So you’ve identified a shared passion that will underpin your general community framework. Up next: building your base. The best acquisition strategies leverage existing customer touchpoints as well as opportunities within Facebook's ecosystem. Take the following steps:
- secure a vanity URL and make it easy to be found;
- clearly define the benefits of joining your page;
- invite existing customers via email;
- offer something unique or exclusive, giving those who like your brand a reason to visit, engage with and
- recommend your page;
- test different placements of the “Like” button across your existing digital touchpoints;
- include Facebook links on relevant paid search terms;
- include Facebook URLs/tags on traditional advertising efforts (e.g., print, TV, radio);
- favorite related brands; and
- test Facebook advertising.
Stir the pot: Engage your fan base. Once you've acquired fans, create a compelling experience that keeps them engaged and actively participating. Keep in mind that engaging your fans is a journey, not a destination. Do the following to keep fans engaged:
- provide them with unique access to special content and/or offers;
- create and test applications like polls, trivia, simple games and widgets, making sure the underlying subject of those applications syncs with the shared passion of your community;
- shower your fans with public recognition;
- encourage user-generated content;
- rotate and target content (e.g., geo-posts) to keep it relevant;
- think internationally; and
- adjust your content strategy accordingly.
Build trust. Being open isn't always easy. Many brands shy away from social media out of fear that their fans and followers may say something negative or turn on them. Deal with issues and problems in an open, transparent way. In fact, if you’ve done a good job offering value and engaging those who like your page, you may find they're your biggest defenders. To build trust with your fans, do the following:
- post a comment policy;
- remove spam;
- be transparent and authentic;
- remain calm and think before you act (i.e., respond/post);
- train and communicate your goals with those responsible for managing/engaging fans; and
- build a corporate policy and communicate that policy internally so employees understand how to engage consumers in a transparent manner.
Have fun: Analyze and optimize. So, how do you know if you're doing a good job? Tracking and analytics will help you get a handle on your page performance. Try the following tracking tactics:
- use unique tracking codes for Facebook posts;
- leverage Facebook Insights to understand activity and usage;
- identify brand advocates and tag them in your database — you may even want to consider rewarding them for their support with bonus points; and
- communicate your learnings and institutionalize them.
Finally — and perhaps most importantly — don’t lose sight of the fact that Facebook is an evolving platform. No one person can keep up with all the developments, so make sure you partner right. Find an agency and/or support system that's well versed on Facebook best practices and your brand, and has a proven ability to engage consumers.