1. OPINION: 4 Facebook Rumors That Won’t Ever Happen.

    Yesterday’s Facebook press event sparked a ton of press over the past week, cranking up the blogosphere’s rumor rampage. Dozens of conversations and opinions about Facebook’s new Graph Search were popping up on blogs and newswires around the net almost instantly following the press conference. The days and even minutes leading up to the event were filled with rumors ranging from a Facebook phone to a new “dislike” button. At the end of the day many of these rumors were just that, rumors. 

    Let’s go over some the rumors going around the net and some possibilities why they won’t ever happen.

    Facebook Phone 
    (Photo credit: Gizmodo

    Facebook Phone/Mobile OS

    The biggest rumor surrounding the mysterious Facebook press event was the possibility of the infamous Facebook Phone. This rumor isn’t new to the tech world. It began to surface as Facebook struggled to monetize mobile sparking investor fear and resulting in a stock value plunge shortly after the company went public. 

    Facebook has repeatedly denied these rumors to their partners, shareholders, and users; and for good reason. Facebook relies on iOS and Android to host its native apps. The company learned the hard way that focusing only on their HTML5 web app was a mistake, and finally decided to embrace native mobile apps over the past several months. Both the iOS and Android platforms are crucial to Facebook’s mobile user base and mobile monetization strategy. 

    Facebook is a software company. Hardware is a completely new proving ground and a very expensive project to undertake. Facebook would need to start from scratch and create an OS to run on this phone they created, limiting the user’s options to experience the hundreds of thousands of applications they have access to on the iOS and Android platforms. 

    The closest thing we will ever see to a Facebook phone is digitally rendered blue Facebook phone made in Photoshop by a blogger looking for pageviews. 

     Dislike Button

    “Dislike” Button

    Another rumor that was brought up in some of the live blogs during yesterday’s press event was the possibility of a “Dislike” button. The closest thing to an actual “Dislike” button is an add-on created for Firefox by a third party developer. The problem with this is that the only users who can see the button are those who: a) use Firefox and b) have installed the add-on.

    Another aspect to look at when discussing the “Dislike” button into the Social Graph is that developers would have to consider adding a rating system to content. YouTube allows users to thumb-down posts, Reddit has up & down votes, and countless blog/forums rank comments by rating. This change would have a dramatic impact on EdgeRank and the structure of content being displayed in the News Feed. 

    The biggest reason why Facebook will probably never launch a public dislike button lies at the company’s core mission of making the world more open and connected. We discover new people, connect with them, share information, and hope for them to react positively to it by “liking” it. Having a “dislike” option would promote negativity and an anti-social attitude. 

    Paid Subscription

     Paid Subscription

    Facebook has been in a constant struggle trying to monetize their platform for years, especially their mobile strategy. It has been a battle of trying to balance user experience with advertising. Even though Facebook directly advertises that “it’s free and always will be,” the rumors continue to pop up.

    The chain posts that circulate around Facebook and blog communities continue to cover information that has no ground of truth outside of speculation. Creating a freemium model for Facebook would anger a lot of users and may even cause them to quit using the service. Facebook may have not have perfected monetization yet but, that doesn’t mean they have a flawed business model. Facebook’s number one priority is satisfying the user experience of its 1 billion users, something that will take time to find a perfect.

    Mark Zuckerberg

    Mark Zuckerberg’s Resignation

    Out of all the rumors about yesterday’s press conference this one took the cake for ridiculousness. It is almost too ridiculous to write about, but it did come up many times in conversation. Let’s look at why Mark Zuckerberg will not be resigning any time soon.

    The plunge of the Facebook stock price after the IPO was an unfortunate problem for Mark as a leader. Facebook is still a relatively young company in terms of generating revenue and growing as a sustainable business, but the talent behind this young company will continue to reach great heights in innovation. Zuckerberg faces the difficult task of trying to keep both users and shareholders happy. 

    Facebook is still growing, despite rumors of lost users, and it will continue to grow its user base in the coming years. The road to monetizing mobile without sacrificing user experience is a slow process, but not an impossible one. 

    Zuckerberg will never resign due because he still has a lot of work to do. The amount of work he has accomplished in his young life is unfathomable to most, and it’s evident that he will continue to lead the company going forward.

    Whether we “like” it or not, Facebook isn’t going anywhere anytime soon and neither is Mark Zuckerberg. So let’s bury these rumors once and for all and start making more educated guesses about what Facebook has in store for us next. 

  2. Facebook’s New Graph Search is a Community Manager’s Dream.

    Before we get into how Facebook’s new Graph Search feature will help community managers around the globe let’s take a step back and go over what exactly this new feature is and why Facebook has been developing it. Facebook has been on a mission to open the digital world and make it more connected. With over 1 billion users, 240 billions photos, and more than a trillion connections; Facebook has compiled a massive amount of data. The problem that Facebook has had was developing an easy method for its users to access and utilize this data effectively.

    This new feature is a way to bring the Facebook experience back to its roots by allowing users to make new discoveries, make new connections, and meet new people. The Graph Search bar itself will appear as a larger search bar on top of the page. When a query is typed in it will appear as the title of that page. As you edit this title the content on the page will change according to the query.

    So how are Facebook Graph Search results different from any old Web search?

    Unlike a traditional search for “healthy food” where the best possible results are based on those specific keywords, the Graph Search allows you to combine phrases (for example: “my friends in Pennsylvania who like to eat healthy foods”) to find specific people in that location, photos, and other content that has been shared on their Facebook pages. The first version Graph Search will mainly focus results on people, photos, places, and interests.


    (Photo via Robert Scoble

    This brings up the big red flag of privacy issues. Most people are concerned that this new tool will intrude on information that they may not necessarily want to share. Facebook has kept all these issues in mind and wants their users to know that their privacy is completely safe. All people, photos and content that show up in the Graph Search includes information that is already publically available. What does this mean? It means that only the content that you (the user) made public will show up in the search results.

    Before going fully public with Graph Search, Facebook will be prompting users to check their current privacy settings to ensure that their information is adjusted correctly. Facebook will also allow to users to prompt their friends to remove photos and other posts connected to their account. 

    So how will this help Community Managers?

    As the Facebook Graph Search tool rolls out to users in US market community managers will begin embrace its true value to their cause. This value will be the ability to easily find people, places, photos that directly correlate to their target market based on interests. This will help community managers find new relevant content and potentially how people are reacting to this content, thus allowing them to tweak their content strategies accordingly. It will also have reciprocating value to community managers and the pages they manage. Potential fans will now be able to search for businesses so content rich fan pages will be much easier to discover. This will have a direct impact on engagement levels, one of the key measurements in any social strategy. 

    This is only the beginning of the Facebook Graph Search. As time goes on more users will gain access and new features will be added. We will begin to see more fans discovering and liking business pages. Most importantly community managers will begin to see more users interacting and engaging with their content directly on their page rather than in the News Feed. The frustrating days of trying to beat Facebook’s EdgeRank to effectively reach your current audience may be numbered. Facebook’s Graph Search may begin an era where the user will be discovering content on their own rather than the content being pushed towards the them in real-time. 

    The Facebook Graph is currently in BETA and will be rolling out to US public soon. You can now sign up here to be on the wait list.  

  3. Four Values Facebook Provides To Businesses

    1. Brand Awareness

    Social Media is a powerful tool to create awareness for your business. With over 1 billion members on Facebook, your business has a chance to potentially reach a very large target market. Although the potential reach is very large, it doesn’t necessarily mean you will be able to reach everyone over night. Business owners may get discouraged, especially ones that are well established offline, because the process of building a good brand awareness strategy on Facebook takes time. Starting a “Page” on Facebook is like starting your brand awareness strategy from scratch. Think of it in terms of the early stages of your business, you will need to build up a community of brand advocates over time with a long-term strategy.

    Thousands or even millions of people may be aware of your business offline, but these same people won’t necessarily know that you exist on Facebook. In order to be effective on Facebook you must merge traditional efforts with efforts on Facebook. Let your customers who come into your business know that you are on Facebook. Incentivize them to go and “like” your page. Social media is an important distribution network that needs to be completely integrated into every other form of your marketing strategy. Most importantly, do not be discouraged if your page doesn’t get 1000 “likes” overnight; or even in the first month. Posting consistent content, interacting with customers, and providing value outside of trying to sell will organically establish a community of brand advocates for your business over time.

    2. Extraordinary Real-Time Customer Service

    Channel Customer Relationship Management(CRM) is perhaps the most important part of running a business. Your customers are the heart and soul of the company because in reality they are the ones buying your products/services and paying the bills. Simply having an awesome product isn’t going to cut it. You need a way to provide customer service in a timely and effective manner. Customers are going to have questions and problems that they are looking to solve immediately.

    Facebook is a perfect tool for businesses to answer the questions and solve certain problems their customers may have in real time. When a customer has a problem with your product or service they usually will turn to social media to vent their problems on your wall and to their friends. If these questions or problems are left unanswered you are potentially losing that customer and all of their friends. Facebook allows you as the business owner to guide the conversation by responding to these questions and problems in a timely manner. Facebook is about building and managing relationships with customers through an environment driven by two-way dialogue. Actively engaging your customers on Facebook can transform a bad customer experience into a positive brand advocate for your company.

    3. PR Channel

    Facebook is a great channel to spread news and content about your business and industry to the public and the press. It is also a great hub to manage public relations in a crisis control situation. Public relations and Facebook go well together because Facebook is a public platform and the core of PR is the management of communications between an organization and the public. Billions of conversations occur on Facebook every single week. Specifically, both positive and negative conversations about businesses occur everyday; whether or not that business even has an actual “Page.”

    The only way to spread positive press and manage negative press on Facebook is to actually have a presence online. This is especially important in the instance where negative press goes “viral.” Negative press is always the first to go viral and it can become viral almost instantly on Facebook and other forms of social media. If a certain business doesn’t have a presence on Facebook to respond to the news they will have no way to control the outcome of the situation. Managing PR on Facebook is all about a timely response. Business owners are often afraid to create a presence on Facebook because they are afraid of negative press, posts, or comments. What they should be afraid of is not being able to control the conversations about their business on Facebook because they don’t even have a Facebook “Page.”

    4. Converting Paid Media to Earned Media

    The difference between paid media and earned media is quite simple. Paid media is any form of advertising that you as the business owner pay for. Earned media is any form of advertising that happens organically. A business’s Facebook “Page” can use both paid and earned media to market themselves. In order to be effective with Facebook, a business must use a combination of both paid and earned media in order to reap the highest potential out of the platform.

    Facebook uses an algorithm known as EdgeRank. EdgeRank is the deciding factor as to where your content goes, and to whom it reaches. It was developed by Facebook to limit the amount of spam found in its user’s newsfeeds. It also allows Facebook to utilize its advertising (paid media) platform and be profitable. Facebook has forms of advertising called “Promoted Posts” & “Sponsored Stories” where you as the business owner can choose to promote content to reach a greater target audience. Essentially the more money you pay, the greater the amount of people that will see your content. So why is it worth it to pay all this money for a platform that is free to sign up? That answer is simple. Conversions. When you as the business owner pay to play Facebook’s game, you gain more traction online because your content is reaching more people’s eyes.

    Through Facebook’s advertising(paid media) your content is reaching more of your current audience and also new potential customers who may not currently “like” your page. This is extremely important because over 80% of posts are seen through the newsfeed alone. Most of your current fans won’t even return to your actual “Page” to see your posts, so you must rely on that content being seen in the actual newsfeed. The only fans that will return to your actual Facebook “Page” will be your brand advocates. These brand advocates along with fans who organically view your content are the true “earned media” on Facebook. Brand advocates are the earned media of Facebook because they seek out your specific content and are likely to share it among their friends. The most effective way of creating brand advocates is converting the audience that you are paying to reach organic viewers of your content. If the audience you reach finds value in your content they will actively seek you out for more.

  4. Why Your Social Media Strategy isn’t Working

    Social Media has become more than a tool for young adults to post pictures of their food, vent feelings, and state opinions on pressing issues. Since 2007 social media has transformed the way businesses market themselves, advertise their products & services, and build relationships with customers. National brands such as Target and Coke started the trend and have seen major traction with their Facebook pages acquiring a combined total of over 75 millions “likes.”

    Seeing this great success, small to mid size businesses decided that they should adopt a social strategy as well. They began creating social accounts, hiring community managers, and dumping money into advertising their accounts. After six months they were left wondering why they don’t have 75 million or even 75 thousand of “likes” or followers. The money they were spending on social media didn’t seem to be converting into a direct return on their investment. This raises the most common pain point in social media marketing: where is the true ROI of social media? 

    Business owners, marketers, and industry leaders have been searching for the concrete answer to this question. The reason the answer has been so hard to find is the majority of people are looking in the wrong places. Direct sales conversions and vanity metrics such as the number of “likes” and followers can never measure the true success of a social media campaign. Social media is very dynamic and serves a wide range of purposes. These include but aren’t limited to marketing, advertising, customer service, HR, crisis control, and customer retention. Social media is about building and nurturing relationships with customers and converting passive page viewers into brand advocates, which in turn, will spread positive word-of-mouth message about your brand to their friends and family.

    How does one achieve this goal of creating and nurturing great customer relationships on social media?

    The best way to build relationships is by providing value beyond the products you sell or services you provide. By becoming a thought leader in your industry, a source of valuable information, and an outlet for interesting, visual, engaging, and shareable content you build these relationships overtime within your community. Most users on Facebook and Twitter don’t log on to the platforms to purchase products. They log on to learn what their friends are doing, read the latest news, and find out what is trending. They also log on to spread certain news and information among their networks of friends.

    So what kind of content are you publishing on social media right now? Is it daily deals, sales, specials? In most cases hard sells don’t mix with social media. This doesn’t mean that a business can’t advertise their products and services, but rather that they need to approach it from a softer angle. Become an industry thought leader and provide external value if you want your community to provide value in return.

    So why isn’t your social media strategy working? 

    In reality your social media strategy probably isn’t as bad as you think. The reason you aren’t getting “results” is because your expectations are in the wrong areas. Social wasn’t designed as a direct sales tool and your business might not necessarily be designed to have millions or even thousands of “likes,” or even be on every platform for that matter. Neither of these metrics can measure the true success of a social media strategy. Success is driven by the quality of content being published and the quality of the relationships being built through engagement. What value do you place on customer service, customer satisfaction, brand equity, and customer retention? These are the types of questions to be asking yourself when it comes to your social media strategy. So before you give up on social media take a look back on things and reassess your goals.

    Don’t be disappointed if you don’t have 10,000 “likes” or didn’t sell X amount of items directly through your social media strategy. True social media success is measured by how many of your current followers and fans see you as a thought leader in your industry and are willing to share this valuable information with their friends. Becoming a thought leader and building relationships with brand advocates is a long-term strategy that shouldn’t be measured with short-term vanity metrics and hardline sales numbers. 

  5. A Guide to Facebook Promoted Posts

    Facebook Ads and Promoted Posts are two of Facebook’s advertising tools that many marketers confuse or group together as “Facebook ads.” Although the true reason behind the confusion is unknown, for one reason or another marketers find it difficult to understand the difference between these two separate advertising features on Facebook. Often times the varying terminology can be difficult to understand based on which type of ad is more beneficial for marketing objectives.

    Facebook Ads are well, ads. Based on the objectives of the advertiser, they can specifically target customized ads to various demographics. Some targeting demographics include interests, education, location, age, gender and work. From the beginning Facebook’s traditional ad model has always had problems. The extremely low CTR (click through rate) led many marketers to believe the value wasn’t in ads, but in content and creating a conversation around the brand. The problem that many traditional marketers fail to understand is that people don’t go on Facebook to be bombarded with ads, they log on to be social with their family, friends, and favorite brands.

    Promoted Posts begin as organic content, or earned media. Promoted Posts push content that is typically more relevant and interesting to a user than an ad. Sponsoring a story simply increases the reach of the specific post beyond the reach of the brand’s Facebook Page community and into a targeted market of users. Through the use of “Promoted Posts” businesses can pay for their posts to show up more often and on more News Feeds. This allows for more people to see their post, opens the door for more engagement, and increases the reach of the content beyond the brand’s Facebook community. We’ve put together a visual description of the different types of Promoted Posts on Facebook and how they work below.

  6. Facebook How To: Never Be Tagged on a Pair of Shoes Again.

    shoes

    One of the biggest problems I have been seeing over the years with the Facebook News Feed is the mass marketing tactic of tagging hundreds of “friends” on a photo of some sort of product or marketing material. This usually happens when one of your friends loses control of their account to a spammer. If you happen to be the person doing this, it can easily be fixed by simply changing your Facebook password. If you happen to be the user being tagged and you want it stopped, you can easily change your privacy settings in four easy steps. 

    step 1


    Step 1: Under the drop-down menu click “Privacy Settings.” 

    step

    Step 2: Click “Edit Settings” under “Timeline and Tagging.” 

    step 3 

    Step 3: Click “Review posts friends tag you in before they appear on your timeline.”

    step 4 

    Step 4: Enable Timeline review of posts. 


    By enabling the Timeline Review you become empowered as a user to control what content is posted to your Timeline. If a friend tags you in a status update, photo, or location you will need to approve the tag before it becomes visible on your Timeline. You can review pending tag approvals at anytime by clicking the “Activity Log” on your Facebook Timeline.