10 ways to leverage facebook for startups part ii

22
10 Ways to Hook Into & Onto Facebook. Part II: On-Facebook Ryan Spoon: ryanspoon.com Polaris Venture Partners: polaris.vc Dogpatch Labs: dogpatchlabs.com

Upload: ryan-spoon

Post on 15-Jan-2015

20.472 views

Category:

Technology


0 download

DESCRIPTION

10 Ways to Leverage Facebook for Startups Part II http://www.ryanspoon.com

TRANSCRIPT

Page 1: 10 Ways to Leverage Facebook for Startups Part II

10 Ways to Hook Into & Onto Facebook.Part II: On-Facebook

Ryan Spoon: ryanspoon.comPolaris Venture Partners: polaris.vcDogpatch Labs: dogpatchlabs.com

Page 3: 10 Ways to Leverage Facebook for Startups Part II

On-Facebook.

Page 4: 10 Ways to Leverage Facebook for Startups Part II

6. Interact. Don’t Push.

It’s not an advertisement.It’s a conversation.

Remember, you’re asking fans to follow you.Ask yourself, is this worthy of an SMS?

“The biggest mistake we see companies make… is to think about it as a channel to push out information.”Tim O’Reilly.

Page 5: 10 Ways to Leverage Facebook for Startups Part II

6. Interact. Don’t Push (example)

Broadcast. Interaction. Fun.

Page 6: 10 Ways to Leverage Facebook for Startups Part II

6. Interact. Make Fans the Stars!Dunkin Donuts spotlights one fan with most interesting picture each week in their Facebook Icon. Drives significant page activity & photo tagging.

Page 7: 10 Ways to Leverage Facebook for Startups Part II

7. Optimize for Engagement

Conversations have at least two participants!And if you don’t optimize for engagement… Facebook will assume fans don’t want to interact.

Meaning: Facebook penalizes low engagement by hiding from the feed. Effectively killing that relationship.

Page 8: 10 Ways to Leverage Facebook for Startups Part II

7. Optimize for Engagement. How?

Understand Edgerank: Facebook’s algorithm to determine what content gets surfaced.

According to Tim Chae (PostRocket) four components to optimize for. Each dependent on your users, brand:

1. Time: optimize for when to post based on users, geo.2. Type: status update vs. images vs. polls, etc. 3. Frequency: stay relevant without annoying.4. Content: must be interactive & more than marketing.

Read more

Page 9: 10 Ways to Leverage Facebook for Startups Part II

7. Optimize for Engagement. How?

Track, test, repeat.

Facebook Insights reveals what’s working with your content. Study time, format & frequency.

…Then study what works for other high engagement brands.

Page 10: 10 Ways to Leverage Facebook for Startups Part II

7. Optimize for Engagement (example)

Best example? The Rock.

Unique, fun, fresh, & personal content.Mix of content type. Frequent poster.

10 hours after last night’s picture:50,000 likes, 6,000 comments, 2,000 shares.

Higher engagement than Starbucks: rate & total.

Page 11: 10 Ways to Leverage Facebook for Startups Part II

7. Optimize for Engagement (example)

And users take notice… organically.

Page 12: 10 Ways to Leverage Facebook for Startups Part II

8. Target & Refresh Ads

Use Facebook Ads to test & validate:- Demand- Conversions- Demographic relevance- Site creative- Landing pages- etc

At scale though, it can require full time dedication and/or working with platforms like: AdParlor, Context Optional, TBG, etc. Larger list here.

Page 13: 10 Ways to Leverage Facebook for Startups Part II

8. Target & Refresh Ads

Facebook Ads work differently than AdWords.At highest level, they require:- sensitive demographic targeting- great attention to visuals- greater refresh rates- and flighting numerous campaigns to optimize creative + copy + targeting + cost

… And it’s getting more expensive by the day. So test & optimize now.

Page 14: 10 Ways to Leverage Facebook for Startups Part II

9. Drive Likes, then Conversions

Many brands try to convert Facebook ads to off-Facebook transactions. It’s tough.

- Try driving Likes and converting fans to traffic & transactions.

- Might find better success and get fans / relationships / virality atop that.

-More likely to “like” and build relationship than transact click and transact in-line.

Page 15: 10 Ways to Leverage Facebook for Startups Part II

9. Drive Likes, then Conversions

Applicable off-Facebook as well.Use your web product to drive brand fans. Try building more topical hubs as fan pages too. Content more topical = engagement is higher.

Page 16: 10 Ways to Leverage Facebook for Startups Part II

9. Drive Likes, then Conversions

Leverage fan page & canvas applications to boost likes

Page 17: 10 Ways to Leverage Facebook for Startups Part II

10. Be a First Mover

Facebook is continually rolling out new features for consumers & brands.

Be a first mover. It’s an opportunity to:

- test & learn- find market inefficiencies- distinguish yourself (to users & to Facebook)- strike gold (hello Spotify!)

Page 18: 10 Ways to Leverage Facebook for Startups Part II

10. Be a First Mover (example)

Facebook Photo Tagging for Brands

Page 19: 10 Ways to Leverage Facebook for Startups Part II

10. Be a First Mover (example)

Facebook Open Graph & Verbs

Page 20: 10 Ways to Leverage Facebook for Startups Part II

10. Be a First Mover (example)

New Ad Formats

Page 21: 10 Ways to Leverage Facebook for Startups Part II

10. Be a First Mover (example)

Publishing: Subscribe, Comments, etc