Facebook – liking business
Facebook is everywhere and it seems like everyone is using it. In fact, nearly every 11th person in the world is on Facebook and the number of users is still growing; it grew 74% in 2010, from 337 to 585 million users. These numbers give some idea how essential Facebook has become for brands, as a new tool in the ever-growing marketing kit.
This is why it is important to understand what motivates consumers to follow brands on Facebook in the first place, and how they expect to benefit as fans or “likers” of a brand. eConsultancy, an independent digital marketing and ecommerce advisory out of the UK, tried to find out. Conducting a Toluna-powered survey of British consumers (http://econsultancy.com/uk/blog/7136-why-do-people-follow-brands-on-facebook), they got very interesting results.
Even though Facebook today is attracting a growing number of brands, and more and more money is being invested in Facebook activities, only 20% of users currently follow brands on the social networking site. So at the moment 80% of Facebook users do not follow brands, and that’s a big number.
The survey also revealed that the users who do follow brands are not doing it for the interaction, communication or engagement. What really motivates people to follow brands on Facebook are special offers and shopping. So it is not about “spending time with the brands”. Consumers want something real: real benefits. 68% of those who follow brands on Facebook do it for the special offers and 33% for shopping – only 20% show an interest in being brand advocates by allowing brands to post messages and content on their profile.
Perhaps the most interesting finding in the survey was that already 25% of users who follow brands have made purchases via a brand’s Facebook page. F-commerce (F for Facebook) will probably show up as one of the biggest trends of 2011. It is predicted that f-commerce will emerge as the 4th largest retail channel after stores, mail order and the Internet. For example Asos (http://apps.facebook.com/asosofficial/) and La Redoute (http://www.facebook.com/laredoute?v=app_176667005697254) have already launched their f-commerce stores, and the first social shopping mall was opened on Facebook in February: http://apps.facebook.com/shoppingmall/.
With f-commerce solutions, brands can begin rewarding their Facebook followers with real-time benefits and special offers, and turn them into active and loyal paying customers.
So maybe the future of Facebook is not about entertainment and discussion after all, but about business.
P.S. Even though brand websites have been losing their unchallenged dominance in the world of e-commerce, they are still vital, and not least as a channel for driving people to Facebook. 45% of users found their brand’s Facebook page through the brand’s website, still a higher percentage than through friends’ recommendations (36%).










