Joel Pinkham

But I think it’s bollocks, and these types of comments are fast becoming my pet peeve.

I’ve just read a blog post about the value of a Facebook user (the rest of this rant won’t make sense unless you read that).

I have a habit that always makes me want to argue anything that’s come from someone biased, so here’s why I think this “detailed” report was a waste of time:

• It takes 18 pages to make the point that a Facebook fan spends more & and engages with you more. Here I was thinking that if someone was my fan then they hated my company.
• It puts a value on the average Facebook fan and then throughout the report it constantly states the obvious by explaining that every company has a different value for a Facebook fan. To me this basically says “the value is $136, but not really”. It’s merely a number to catch headline and for the social media racquet to pull out and impress in pitches and presentations.
• The recommendations are written as general as a horoscope “Loyalty, Spend, Recommendation, Fan Acquisition Cost, Affinity, and Media Value are the key factors that impact fan value. Brands need to develop strategies that address these areas”. In other words, develop the perfect business and the value of your Facebook fan will be higher.

Of course a Facebook fan is valuable, they’re your fan and they’re wearing it on their virtual sleeve.

But don’t believe the hype. My problem is that reports and articles like this have caused a common mentality of “wow, I need to get a Facebook fan page!!” as if it’s the magic answer, but it can easily turn into a meatball sundae. A lot of companies would be better off using their time thinking about how to make something remarkable enough that people genuinely become fans of.

The real value of a Facebook fan – it’s the perfect medium for your true “fans” to spread the word for you. Your happy customers have been doing this for centuries, Facebook just makes it easier for them to do so and much more effective for you.

Tags: facebook

This entry was posted on Sunday, June 20th, 2010 at 8:50 pm and is filed under Brand, Social Media. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.