Here is the Deal with Facebook

FB

This past week I moderated a panel at The Social Engagement Summit put on by InsightPool. While sitting in the audience listening to some of the other discussions and presentation, I found many had a distinct hate for Facebook.

You see, as I reported previously Facebook’s delivery (also called organic reach) of brand content to users’ newsfeed has diminished to almost nothing. You have to pay to play or put another way… pay for posts to be delivered to your target audience.

This really has disenchanted numerous social marketers that have invested so much in building up their Facebook following. Facebook was social marketers’ primary social media channel. Facebook was synonymous with the term social media for so long, but now organic social marketers are fed up. I also heard someone on a panel that is responsible for B2B marketing saying they were through with Facebook.

My answer to all … WAKE UP. First off, Facebook was never a good platform for B2B marketing. Look at how people use Facebook. What percentage of them really used Facebook for work scenarios? Wasn’t just about everyone using Facebook to break away from his or her work life? Second of all, did you really expect the joy ride from Facebook… for them to simply provide you a conduit to an audience at no charge? Facebook is a public company where investors expect a strong revenue flow and increased profitability each and every month.

The first mistake has been putting all your cookies in someone else’s jar and expecting them to let you eat for free while they hold your assets. You must play on many platforms driven by a) guidance from your target audience’s digital behavior use, and b) a recognition that YOU need to own the data on your customers and you must build an integrated strategy to acquire that information.

I really do not blame Facebook and have no bitterness to them as so many do. They have built a massive user base and it is time for them to monetize it to the max. Do you really think TV stations back in the fifties just wanted to entertain you or were their profit plans behind their objectives? Facebook has turned into the advertorial equivalent of TV (before the cable companies came along). They built up a user base and are not looking for viewers to pay, but rather have “sponsors” pay to reach an audience. And when it comes to paid media, no other platform gives you such highly targeted delivery at such an affordable cost.

cost of FB adsSource

I do think Facebook is a very important platform for paid media, but no longer that important for following and posting. Use other platforms (including your own community or your own site) to distribute owned (or unpaid) media. Consider my suggestions on the integration of owned, earned, and paid media.

Everyone wants to hate Facebook for the wrong reasons. It is the way I remember Microsoft in the late 80s when they changed their operating system from DOS to Windows. They were going after a larger audience (and copying Apple) looking to monetize greater revenue and profitability. Everyone wants to hate the big company – especially when they change. If you don’t like Facebook, don’t use it. But it is still a very marketing-smart platform for reaching your target audience. It is just that user behavior and platform rules have changed. And if you don’t expect or have the adaptability for change, you shouldn’t be a digital marketer.

Make It Happen,
Social Steve

PS – Call me bold or stupid … next week I take on John Oliver and answer the question, What’s the Deal with Native Advertising?

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Filed under Facebook, social marketing, social media, social media marketing, Social Steve, socialmedia, SocialSteve

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