Why Facebook Could Become a Less Important Lead Generation Source
If the case studies and news highlights in this blog post are any glimpse of things to come, than corporate Facebook Pages could become less important to marketers once they learn that the real power of a social network.
The best times to post, types of content and Facebook content marketing strategy is not nearly as important as connecting with your target audience through facebook insight.
It's less about your Facebook posts and more about the data Facebook amasses on your customer's preferences.
Facebook makes it relatively easy to extend their functional to a brand's own website, so you can get the value of Facebook insights without transiting visitors to your facebook page.
The big question is are digital marketing professionals up to task?
Of course, the social networking giants will remain important for reaching consumers.
But for marketers, the real opportunity is collecting, analyzing and marketing to the connections, identities and psychographics of a social network's members.
When aggregated, this psychographic data is a research panel that's richer and more accurate than ever before.
And we are starting to see evidence of web marketers using this data to drive sales on their own websites by implementing a Facebook marketing strategy that uses the insights gleaned through engagement to inform Facebook advertising buys based on audience psychographics.
It is already possible for websites to integrate social networking features with Facebook’s Graph API, which lets visitors bring their friends and interests with them to any website.
It all starts with the “Login with Facebook” button.
Social Sign In, or CIAM Platforms as they have come to be know, give visitors the chance to log into your website with their Facebook user name and password.
After serving a “Request for Permission” screen (above), which brand marketers use to get permission to capture extended information about the visitor, such as the “like” buttons they’ve clicked, their birth date, the city they live in and more, the user is able to sign in with their Facebook user ID and password.
Unlike Facebook’s Social Plug-Ins, which are very simple and easy to install, the Graph API is a bit more difficult to get up and running, but it also offers much greater access to read and write information from Facebook.com to a third-party, destination website.
A Facebook marketing strategy have access to richer information about their visitors than ever before.
Facebook users profiles and actions create more accurate, detailed demographics than any other media channel.
Integrating the Graph API allows online marketers to build stronger relationships with website visitors through greater insights about the preferences.
Rather than just offer a searchable database of albums, artists and tracks and overwhelm visitors with infinite choice, online music service Spotify integrated the Graph API so users can see the music their friends like.
Users can share play lists and see which songs their friends listen to most. “Spotify now sees 60% of their traffic coming from Facebook,” says Facebook partner engineer Simon Cross.
The power of the Facebook platform is not so much Facebook.com, but rather, the connections, identities and interests of the network’s users.
Amazon is using Facebook’s Graph API to take even more guesswork out of gift giving.
Amazon introduced recommendations before Facebook even existed, but they were recommendations from anyone who had purchased something we bought.
They weren’t personalized.
They weren’t social.
By integrating the Graph API, Amazon lets visitors know what recording artists and authors their friends like, what they’ve bought themselves in the past and when their birthdays are.
Facebook Places recently announced their first European mobile integration with review site Qype, which has 17 million unique users across 10 countries and 9 languages.
Since the launch, they’ve had 1 million mobile downloads of the iPhone App, which lets users see where their friends have checked in, see their friend’s check in history and check in at a location on Qype and Facebook in one action.
“For us, the importance of Facebook information is about the power of friends to make a local decision,” says Qype Country Manager for France Vincent Wermus.
From a marketing standpoint, Facebook’s Graph API solves a longstanding problem advertisers have with social media.
They know mainstream media is inefficient, but at least they get demographics.
RSS is a great distribution tool.
It’s effective, efficient and cheap, but you have no idea who’s downloading subscribing to your blog or podcast, and no what they think about it.
On the other hand, Facebook’s Graph API allows marketers to collect demographics on visitors, and in some cases, demographics visitor’s friends as well.
When you have a rich store house of user preferences to cross reference website activity against, you’re in a much better position to profit from them.
From a consumer and employee privacy standpoint, as people start waking up to how the Facebook Graph API works, they’ll become more demanding about the quality of the services they trade their personal information for.
If it’s lame, why give up your extended data, or your friend’s data?
B2B Digital Marketing on Linkedin
Interestingly enough, last week Hoover's announced a deal with Linkedin to provide “seamless integration between Hoover's information on 31 million companies and 37 million people with LinkedIn's professional network of business contacts.”
We'll have to wait and see how the actual wind up doing that, but what we're witnessing is the next evolution in social marketing.
Companies are beginning to appreciate that when you have a rich store house of demographic and psychographic to cross reference your website activity against, you're in a much better position to satisfy your customer's preferences.
This post was written from a presentation delivered by Facebook partner engineer Simon Cross. A podcast of his presentation is available as well.