This is a study on the different ways to utilize Facebook pages and get maximum output from Facebook Pages which are used widely for Social media based marketing.
Various Facebook Page scoring options is also described in this document.
This is a study on the different ways to utilize Facebook pages and get maximum output from Facebook Pages which are used widely for Social media based marketing.
Various Facebook Page scoring options is also described in this document.
This is a study on the different ways to utilize Facebook pages and get maximum output from Facebook Pages which are used widely for Social media based marketing.
Various Facebook Page scoring options is also described in this document.
1 A. Sivashankar (215109023) DoMS-NIT, Trichy 2 WHAT IS FACEBOOK? A wildly popular social media site. A place to connect with friends and share thoughts, links, phot os, movies and schedule events. A place to do business. 3 WHY USE FACEBOOK? Thats where the viewers are! Some estimate 400 million users world wide. 103 million U.S. users. Targeted user information including age, gender and location. 4 THE POWER BEHIND FACEBOOK Average user has 130 friends 8 new friends per month 55 minutes a day on the site Fans two pages per month Is invited to three events per month http://www.kenburbary.com/2010/01/dispelling-the-youth-myth-five-useful-facebook- demographic-statistics/ Facebook has a multiplier effect Of implied TRUST! WHAT ARE FACEBOOK PAGES? Special places where People, Organizations and Brands have fans who come and like the pages and discuss about the person/organization/brand There shall be advertisements and related discussions in this place Place to share customers views They can request, scold, praise and communicate all their emotions here regarding to the brand 5 Hence, there is an advertisement and response 6 Page for Gucci brand HOW DO BRANDS COMPETE HERE? Brands can share their news and comments Brands try to educate people here They provide offers here They answer customers here They do CRM by-the-way They satisfy (sometimes fail to satisfy) customers So they compete here 7 DOING COMPETITION THE BETTER WAY Right message Right form of content Immediate responses Closeness of the answers and discussions to customers requirements Increasing customer involvement in discussions 8 HOW DO WE MEASURE THE COMPETENCY OF THESE PAGES? There are some scoring methods developed by some organizations None of them are reported in research papers and Journals They are just simple methods to find the page performance based on simple factors Number of fans Number of posts by fans Number of posts by owner Number of responses by owner Number of responses by fans
9 SOME WAYS TO MEASURE PERFORMANCE 1. Social Bakers score 2. Your Social Media Monitor (only fan growth) 3. Wildfire Monitor (not a score but compares fan growth) 4. Community Health Score 5. Facebook Grader 6. Edgerank Checker (by facebook for ranking the posts. Scoring can be done only for owners page) 7. Facebook Data and Insights (only for owners page) 8. Virtue Social Page Evaluator 9. Paid For Services 10 YOUR SOCIAL MEDIA MONITOR ONLY FAN GROWTH 11 WILDFIRE MONITOR JUST COMPARES THE FAN GROWTH AND DOESNT HAVE A SCORE 12 EDGE RANK FORMULA POSTS RANKING ALGORITHM AND SCORING CAN BE DONE ONLY FOR OWNERS PAGE 13 FACEBOOK DATA AND INSIGHTS ONLY FOR OWNERS PAGE It is a recommendation provided by business2community.com based on the following counts which can be done only for the owners page (no scoring method actually used) 1. Week-over-week percentage of change in fan base 2. Percentage of fan base growth or decline 3. Percentage of active fans against percentage of hidden fans 4. Fan base geo-location 5. Likes, comments and wall posts scorecards, etc. Source: http://www.business2community.com/social-media/5-ways-to- measure-facebook-fan-engagement-09353 14 SOCIALBAKERS SCORE ON GUCCI 15 VIRTUE SOCIAL PAGE EVALUATOR ON GUCCI 16 COMMUNITY HEALTH SCORE FOR GUCCI 17 FACEBOOK GRADER ON GUCCI 18 WHERE IS THE SCOPE FOR RESEARCH? There could be an optimal way of measuring the page performance But all these methods are based on certain factors and their approximations For example: The response by a fan is more valuable when compared to a like by a fan Most methods use only number of fan likes as a major influencing factor Hence, a performance measuring mechanism can be developed to take solid actions on the page by its owner 19 SCOPE CONTINUED Understand the functioning of fan pages and to address on issues to compete well Requires a comparison tool to evaluate the page performance Comparison of sectors on their fan page activity Segment the pages on the basis of the amount of activity and response happening 20 ACTIVITIES BY PAGE OWNER AND BY FANS Page owner Posts advertisements Responds to queries Awareness created More of advertisement 21 Fan Responds to advertisements Discussions/ questions/requests are initiated Spreads the message, shares or by word of mouth, etc. More of response ACTIVITIES BY PAGE OWNER AND BY FANS Page owner Activity 22 Fan Response More activity Little response Little importance in performance Greater importance in performance A matrix showing this activity can be developed SOME OF THE COMPONENTS TO BE CONSIDERED (PERFORMANCE INDICATORS) Total fans (page likes) No. of new fans per day No. of posts by page owner No. of Pictures, Videos, Links, Polls, Text posted No. of posts by fans No. of Pictures, Videos, Links, Polls, Text posted Total no. of likes for posts Total no. of comments 23 SCORES BY EXISTING METHODOLOGIES We can compare the scores with the brand value of each brand This comparison can help us relate the brand performance in facebook with brand value Finding the best scoring method 24 25 26 27 28 29 30 COMPARISON OF BRAND VALUE WITH SCORING METHODS 31 0 200 400 600 800 1000 1200 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 Brand value ($m) Social bakers (%) Social page evaluator ($) Community health score (percentile) Facebook grader (grade) Correlation: Column 1 Column 1 1 Column 2 0.049772 Column 3 0.293574 Column 4 -0.21859 Column 5 -0.09942 INFORMATION VS. VISUALIZATION 32 Information sets (text messages and links) Visuals (pictures & videos) 2 1 3 4 INTERACTIVITY WITH END CONSUMERS BY POLLS AND TEXT MESSAGES 33 FAN PAGE PERFORMANCE MATRIX 34 Activity Response More Less More Less (A) PATHWAYS TO COMPETE: EASY 35 (B) PATHWAYS TO COMPETE: DIFFICULT 36 RECOMMENDATIONS 37 1. ALCOHOL 38 Budweiser moet corona smirnoffus JohnnieWalker -5000 0 5000 10000 15000 20000 25000 30000 35000 40000 45000 0 5 10 15 20 25 30 35 40 Response (likes) Activity (posts) HM Zara gap -5000 0 5000 10000 15000 20000 25000 30000 35000 40000 0 1 2 3 4 5 6 2. APPAREL 39 Response (likes) Activity (posts) toyota MercedesBenz BMW Honda ford VW audi Hyundai porsche Ferrari harley- davidson -50000 0 50000 100000 150000 200000 250000 300000 19 21 23 25 27 29 3. AUTOMOTIVE 40 Response (likes) Activity (posts) coca-cola pepsi Nescafe Sprite -10000 -5000 0 5000 10000 15000 20000 25000 30000 35000 40000 45000 -5 0 5 10 15 20 25 30 35 4. BEVERAGES 41 Response (likes) Activity (posts) Intel nokia HP AppStore samsung Canon Sony Nintendo dell philips Blackberry Xerox Panasonic -20000 -10000 0 10000 20000 30000 40000 50000 60000 70000 80000 5 10 15 20 25 30 35 5. ELECTRONICS 42 Response (likes) Activity (posts) gillette Kelloggs lorealparis HeinzKetchup ColgateSmile Nestle danonecanada AvonProductsInc Kleenex jnj NIVEAusa lancome -2000 0 2000 4000 6000 8000 10000 12000 14000 0 5 10 15 20 25 30 35 6. FMCG 43 Response (likes) Activity (posts) Google Amazon eBay yahoo -10000 -5000 0 5000 10000 15000 20000 25000 30000 35000 40000 45000 -5 0 5 10 15 20 25 30 35 7. INTERNET SERVICES 44 Response (likes) Activity (posts) LouisVuitton GUCCI hermes Tiffany Cartier ARMANI burberry -20000 0 20000 40000 60000 80000 100000 120000 140000 160000 -5 0 5 10 15 20 25 30 35 8. LUXURY 45 Response (likes) Activity (posts) Disney thomsonreuters MTV -200000 -100000 0 100000 200000 300000 400000 500000 600000 700000 800000 0 5 10 15 20 25 30 35 9. MEDIA 46 Response (likes) Activity (posts) McDonalds KFC Pizzahut Starbucks -50000 0 50000 100000 150000 200000 250000 300000 -5 0 5 10 15 20 25 30 35 10. RESTAURANTS 47 Response (likes) Activity (posts) walmart target homedepot bestbuy CVS Walgreens samsclub Coach Amazon -10000 0 10000 20000 30000 40000 50000 60000 -5 0 5 10 15 20 25 30 35 11. RETAIL 48 Response (likes) Activity (posts) 49