The End of FREE Facebook Marketing?

Member Login:

New to the forums?

What are you waiting for, register today!

Like Tree1Likes
  • 1 Post By Kelly Wilson
The End of FREE Facebook Marketing?
Online Dealership Marketing Support & Best Practices Discuss The End of FREE Facebook Marketing? in the Websites, SEO, SEM, and Internet Marketing forums; The past few months - and the past week in particular - have brought a number of changes to Facebook. Facebook users have been grumbling about 'Timeline'. As HubSpot points ...
      
Bookmark and Share
Results 1 to 8 of 8
  1. #1
    Serious Refresher
    Company: vAuto - 402.427.0157
    First Name
    Ed
    Join Date
    Jan 2010
    Posts
    604
    Twitter
    @
    Liked
    243 times

    Default The End of FREE Facebook Marketing?

    The past few months - and the past week in particular - have brought a number of changes to Facebook. Facebook users have been grumbling about 'Timeline'. As HubSpot points out, one effect of 'Timeline' is "The life of a status update is diminishing. Fast." So your content, posted for free, will be seen by fewer of your fans.

    Next, Facebook is forcing business to convert to Timeline and thus eliminating landing tabs and like-gates, the mechanisms many dealers used to entice 'Likes'.

    The effect of all this is to make your free use of Facebook much less productive. But much like how Google has diminished the effect of 'Free' SEO and placed more emphasis on PPC advertising, Facebook has introduced 6 new Ad Formats saying, in effect, "If you want your content seen and shared, pay us".

    What are your thoughts?

  2. #2
    Super Moderator
    Company: DealerRefresh
    First Name
    John
    Join Date
    Dec 2009
    Posts
    704
    Twitter
    @
    Liked
    219 times

    Default Re: The End of FREE Facebook Marketing?

    Nice post, Ed.

    Advertising Rule #1 still applies: Fish where the fish are.

    But as good a time as any to change the bait, right? Let's face it: dealers have not been catching fish on Facebook. Some are on the lake... some may have even seen the fish on their fish-finder. One or two may have even reeled-in a stray catch or two....

    Soooo... when you say "less productive" above, I'm not sure dealers -- in General, not the outliers -- can be too much less productive than they are now.

    But there's still lots of fish-catching to do... still need to figure-out how to get 'em in the boat!
    Chronicles of the Purple Tie: @JohnGQuinn

  3. #3
    Administrator
    Company: DealerRefresh
    First Name
    Jeff
    Join Date
    May 2005
    Posts
    2,257
    Twitter
    @
    Liked
    443 times

    Awards Showcase

    Default Re: The End of FREE Facebook Marketing?

    Thanks for posting Ed. This really shouldn't come as a surprise. It's only a matter of time before they figure out how to really monetize facebook.

    I like the new timeline feature, even with the cons of this new outline I'm glad they're bringing this over to Pages.

    As John says - "fish where the fish are". But "but are the fish biting?"...right...

    This is all about awareness. And I'm liking some of the initial numbers facebook is releasing "tests of the revamped format have bolstered engagement—which measures whether someone clicks on the ad—by roughly 40%, the source says. The likelihood a consumer will remember the ad increased by 80% and boosted the fan bases of the advertisers by 16%, the tests show."

    Latest survey by eVoc - 54% of Facebook users who “liked” the page of a brand or a company that sells a product or service said they were somewhat or much more likely to purchase from that brand. The study confirms that the most “liked” pages are for food brands, TV shows, music, movies and clothing.

    What..no car manufacturers or car dealers??

    Then - According to a study from the Ehrenberg-Bass Institute, (an Australia-based marketing think tank) just 1% of fans of the biggest brands on Facebook engage with the brands on the site. The Ehrenberg-Bass Institute study looked at Facebook metrics for the top 200 brands, and through an examination of activities such as “likes,” comments, posts and shares, the research group found nothing substantial to link a brand’s Facebook presence with loyalty.

    For every study showing the positive effect of advertising and engaging on Facebook (or another social site) there seems to be another study that goes against it.

    My favorite stat and ones that no one seems to go against - consumers "Like" you in hopes to get a special or discount.

    When the CMO Council asked Facebook users in Q4 2011 about their expectations after “liking” a brand on Facebook, the top expectation (67%) was to be “eligible for exclusive offers.”

    However, when the CMO Council asked marketers what they thought it meant when a consumer “liked” their brand page, a quarter of marketer respondents answered, “because they are loyal customers.”

    Much of this comment came from this article on eMarketer.

    IF you are going to advertise on Facebook and you're going after "Likes", you better be offering some exclusive specials, discounts and offers. Sorta against the grain of what many industry gooroos like to preach.

    Would it be so wrong to use Facebook for nothing more than Sales and Specials channel?
    DealerRefresh / Founder
    VP of Strategy & Customer Experience / HookLogic
    Product Advocate / WalkAroundVideo

  4. #4
    Serious Refresher
    Company: vAuto - 402.427.0157
    First Name
    Ed
    Join Date
    Jan 2010
    Posts
    604
    Twitter
    @
    Liked
    243 times

    Default Re: The End of FREE Facebook Marketing?

    Quote Originally Posted by Jeff Kershner View Post
    Then - According to a study from the Ehrenberg-Bass Institute, (an Australia-based marketing think tank) just 1% of fans of the biggest brands on Facebook engage with the brands on the site. The Ehrenberg-Bass Institute study looked at Facebook metrics for the top 200 brands, and through an examination of activities such as “likes,” comments, posts and shares, the research group found nothing substantial to link a brand’s Facebook presence with loyalty.
    AdAge dug a little deeper into the Ehrenberg-Bass study in this post: Even Sexy Brands Struggle With Low Engagement on Facebook. They looked at brands that engender great passion amongst their consumers. Brands like Harley-Davison, Porsche, Ford Mustang, Jack Daniels, etc.. They did better, but still suck. And suck bad.

    I'm with you Jeff, the idea of getting warm and fuzzy like is a little silly. With the new ad formats Facebook just introduced, lets get back to moving metal.

  5. #5
    Super Moderator
    Company: Oliver C. Joseph, Inc
    First Name
    Kelly
    Join Date
    Oct 2011
    Posts
    235
    Twitter
    @
    Liked
    111 times

    Default Re: The End of FREE Facebook Marketing?

    Most of our likes are current/loyal customers, friends/family, & local businesses. Though the rock may have moved an inch or 2, we are far from PPC - especially in FB's pond where there is a large backlash against ads right now.

    -Great quote of the week "FB's 4 ol ppl!" <--- think about that one

    Where are the baby fish? + and the next new shinny thing...

    So who are you marketing to...how are you doing so...what's the better exposure...
    IDK if I could or would ever get $$ to spend on FB (but I'm FB OG-Original Group-when it was college only)

  6. #6
    Refreshed
    Company: SalesChat.net
    First Name
    Sara
    Join Date
    Dec 2011
    Posts
    18
    Liked
    0 times

    Default Re: The End of FREE Facebook Marketing?

    [QUOTE=JQuinn;22084]Nice post, Ed.

    Advertising Rule #1 still applies: Fish where the fish are.

    I agree with you.
    Sara Chaudhary
    Sales Coordinator
    Sales Chat
    www.saleschat.net
    888 575 5855
    sara@saleschat.net
    contact@saleschat.net

  7. #7
    Serious Refresher
    Company: vAuto - 402.427.0157
    First Name
    Ed
    Join Date
    Jan 2010
    Posts
    604
    Twitter
    @
    Liked
    243 times

    Default Re: The End of FREE Facebook Marketing?

    Quote Originally Posted by Kelly Wilson View Post
    Most of our likes are current/loyal customers, friends/family, & local businesses. Though the rock may have moved an inch or 2, we are far from PPC - especially in FB's pond where there is a large backlash against ads right now.

    -Great quote of the week "FB's 4 ol ppl!" <--- think about that one

    Where are the baby fish? + and the next new shinny thing...

    So who are you marketing to...how are you doing so...what's the better exposure...
    IDK if I could or would ever get $$ to spend on FB (but I'm FB OG-Original Group-when it was college only)
    I understand your budgetary restraints Kelly. My thoughts are whatever you have been able to get out of Facebook will be EVEN less moving forward without a budget.

    My advice, look at other areas where time, energy and effort will pay higher dividends; working for more and better reviews, writing high-quality, high-impact reviews, ect.

  8. #8
    Refreshing
    Company: Fitzgerald Auto Mall
    First Name
    Emily
    Join Date
    Feb 2011
    Posts
    116
    Liked
    37 times

    Default Re: The End of FREE Facebook Marketing?

    I agree with not throwing a bunch of money at FB, however, we do still have a lot of people that say they like us. So I don't want to turn my back on it either. I think it would be more productive if our posts actually made it in front of our customers.

    Currently, without paying to promote our posts, they are only reaching about 100-150 people (out of our 1600+ fans/customers) So how do we get in front of the other 1500? Is there an "organic" way to get our posts into more of our fan's news feeds? If the quote below is the formula, then we should be able improve our reach with increased interaction...just thinking out loud.

    At a high level, the EdgeRank formula is fairly straightforward. But first, some definitions: every item that shows up in your News Feed is considered an Object. If you have an Object in the News Feed (say, a status update), whenever another user interacts with that Object they’re creating what Facebook calls an Edge, which includes actions like tags and comments.
    Each Edge has three components important to Facebook’s algorithm:

    • First, there’s an affinity score between the viewing user and the item’s creator — if you send your friend a lot of Facebook messages and check their profile often, then you’ll have a higher affinity score for that user than you would, say, an old acquaintance you haven’t spoken to in years.
    • Second, there’s a weight given to each type of Edge. A comment probably has more importance than a Like, for example.
    • And finally there’s the most obvious factor — time. The older an Edge is, the less important it becomes.


    Multiply these factors for each Edge then add the Edge scores up and you have an Object’s EdgeRank. And the higher that is, the more likely your Object is to appear in the user’s feed. It’s worth pointing out that the act of creating an Object is also considered an Edge, which is what allows Objects to show up in your friends’ feeds before anyone has interacted with them.


 

Similar Threads

  1. Free Online Marketing
    By Brian Nguyen in forum Online Dealership Marketing Support & Best Practices
    Replies: 3
    Last Post: 02-14-2012, 08:12 AM
  2. Auto Dealers Use Facebook Geotargeting For Digital Marketing
    By Stephen Jackson in forum Online Dealership Marketing Support & Best Practices
    Replies: 0
    Last Post: 01-23-2012, 03:54 PM
  3. Favorite FREE Facebook Tools - What's Yours?
    By Jeff Kershner in forum Online Dealership Marketing Support & Best Practices
    Replies: 2
    Last Post: 08-01-2011, 02:20 PM
  4. Replies: 23
    Last Post: 12-03-2009, 08:09 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Home | About | Archives | Job Board | Advertise | Contact | Newsletter | RSS

Copyright © 2011 DealerRefresh.com. vBulletin Forum development by Karigar Co.

Livefyre Not Displaying on this post


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27