Saturday, January 31, 2015

Everything You Need to Know About Outsourcing Facebook Marketing






Everything You Need to Know About Outsourcing Facebook Marketing



Outsource Facebook


Facebook marketing, to be successful, requires quite a bit of investment. You need to be creating content to post on the site. You need to be curating content from around your industry. You need to be interacting with your fans at all hours of the day, both when they comment on your posts and when they send you messages. You need to be studying analytics to know what works and what doesn’t, in order to streamline your process to boost your returns. You need to be aware of industry trends in social media, so you know what changes Facebook is making.


All of this takes an incredible amount of time. It’s no wonder that people market themselves strictly as Facebook marketing specialists. It’s also no wonder that many businesses decide, sooner or later, that outsourcing to these experts is a good idea.


What do you need to know to successfully outsource your Facebook marketing?


The Pros and Cons of Outsourcing


When you outsource your Facebook marketing, you’re contracting either a single consultant or an agency to manage your account for you. For most businesses, an agency is going to be preferable; you want as much coverage throughout the day as possible. A single consultant may have other gigs, leaving less time to dedicate to your business.


The pros of hiring an agency or a consultant:



  • You’re connecting with experts in social media. Facebook can be very complex; an agency that specializes in it knows what they’re doing.

  • You’ll find your marketing plan reviewed and improved. Marketing specialists know best how to use the platform to market a business, and they can make improvements to your marketing strategy.

  • You’ll contract with someone who has plenty of tools at their disposal. Your small business might not be able to justify purchasing large suites of analytics and management tools, but an agency will have them.


On the other hand, there are some cons with outsourcing. If any of these is a deal-breaker for your business, you’ll need to consider hiring an in-house social media expert instead.



  • You lose familiarity. An agency will be able to research your business, but they won’t know the intricacies of your history like you do. You need to make sure the lines of communication are always open, so your agency can get information from you to please a potential client.

  • You lose the insider perspective. An agency isn’t going to be able to share candid internal photos or anecdotes at the drop of a hat. You can arrange such information, but it’s not going to be as spontaneous as it otherwise would be.

  • An agency is disconnected. They aren’t part of your culture, they aren’t part of your brand, and while they’re going to be talented mimics, they don’t be perfect.


An Eye to Costs


Pros and Cons List


There’s also the cost factor of marketing on Facebook, either internally or through an agency. Some businesses think that Facebook is a free platform, and paying an agency to manage it is a net loss. In reality, Facebook marketing is far from free. Sure, you can use the platform entirely without spending a penny, but you’re missing out on some of the best features it has to offer.


There are all of the hidden costs associated with Facebook as well. Try an experiment; total up the amount of time you spend creating content, posting, and engaging with your fans. Assign this an hourly rate, either what you’re paid or what you would pay an in-house manager. Add to this the costs of developing a marketing plan, the costs of running advertising, the costs of training an any other associated costs you can think up.


Now compare that to the cost of a social marketing agency. A good agency will run you between $2,500 and $15,000 per month. Larger companies might end up paying even more to manage multiple accounts across multiple sub-brands. Depending on the agency and the costs associated with your internal marketing, this may very well be the cheaper option. At the very least, the costs will be comparable.


Partial Outsourcing


There’s also the hybrid model, where you retain some control over your pages, but you outsource some of the work. What should you outsource, and what should you hold back, if you opt for this model?


Outsource:



  • Setup and design of your profiles. If you’re not a graphic designer and don’t have one on staff, please don’t try to design a cover photo and profile picture yourself. You’re just asking for an amateur impression.

  • Basic status updates. You can schedule and automate this yourself, or you can allow the agency you hire to do so. As long as the agency is given some leeway and some information, they can probably create better messages than you can.

  • User engagement. Basic responses to comments are easy to outsource. You just need to make sure you’re available to answer questions in case something comes up that the agency can’t handle based on what they know.


Picking an Agency or Consultant


Agency


How can you choose the right agency to represent your business? There’s a long interview process involved, and you should always make sure to leave the first month or so of your contract as open as possible, in case the fit just isn’t right. Here are some concerns to address.



  • Trust. You need to make sure the agency in charge of your accounts is trustworthy. You’re giving them at least moderator access to your page; you can’t have them misrepresenting your brand, stealing information or compromising your users in any way. How can you make sure an agency is trustworthy? Look for past customers and a history of their company.

  • Boundaries. What will the agency handle, and what will you do in-house? If the agency expects you to do the graphical work, but you expect them to handle it, nothing will get done. It’s the same for any task. Set defined lines as to where your responsibility ends and theirs begins.

  • Communication. This has been said multiple times, but you need to make sure you have an open line of communication with your agency. This works both ways; so you can monitor what they’re doing and fix issues before they become problems, and so that they can ask questions when they need information on a time-sensitive basis.


And, of course, there’s price. You need to do the cost-benefit analysis to determine how much the time and energy you save on not doing the Facebook work yourself is worth. If the agency in question is far and away more expensive, it might not be a worthwhile investment.


The post Everything You Need to Know About Outsourcing Facebook Marketing appeared first on Boostlikes.com.






Posted on 6:45 PM | Categories:

How to Create a Facebook Page for a Local Business






How to Create a Facebook Page for a Local Business



Small Business for Facebook


There are a few good reasons why you might not have made a Facebook page for your business yet. For example, maybe you just founded your business and haven’t had time to make a social presence just yet. Maybe you had one in the past, but it was deleted through a series of coincidental shenanigans including mistaken identity and doughnut theft. Maybe Mark Zuckerberg personally decided he didn’t like the look of your business and blocked it, only just now removing that block.


Whatever the reason, you’re finally getting around to starting a Facebook page for your local business, and you want to figure out how to go about it correctly. Luckily for you, I have all the answers.


The first thing you’re going to need to do is create a personal profile, if you don’t already have one. Pages require a personal profile to create. Ideally, this will be the personal profile of someone integral to the business, such as the CEO or the dedicated social manager. Ownership of the page can change later, but it’s easier if that doesn’t have to happen.


Select a Category


Once you have a personal profile and are logged in, go to the Facebook Page Create dialogue. There, you will be asked to pick a category for your page. This is very important! You can’t change it later. You have six options to choose from:



  • Local Business or Place

  • Company, Organization, or Institution

  • Brand or Product

  • Artist, Band, or Public Figure

  • Entertainment

  • Cause or Community


As a local business, you are going to want to pick the “local business” option, fittingly enough. The reason for this is because of the additional perks you get by picking that category. Each category has a few perks that only that category can set.



  • Local Business or Place: An About section, a physical address, hours of operation, contact information, parking information and a price rankge.

  • Company, Organization, or Institution: A founded date, an address, a mission, any awards, and a product list.

  • Brand or Product: An about section, a founded date, product lists and awards.

  • Artist, Band, or Public Figure: Label/Party or other affiliation, birthday, address, interests, biography, gender if relevant.

  • Entertainment: About section, release date.

  • Cause or Community: Type of cause, description, access to cause groups.


As such, it’s clear why you pick the local business option. Having access to the address, hours, contact information and other options is invaluable. Otherwise, you would have to cram most of that into your About section, which looks cluttered compared to picking the right category.


Fill Out Profile


Once you’ve selected the category and created the page, it’s time to fill out the information available to you.



  • Your About section should be a 2-4 sentence description of your company, including keywords if necessary, industry, prime product and other such important information. You should also include a link to your primary website, typically your homepage and not a subpage.

  • You can specify a custom URL for your Facebook page, such as facebook.com/businessname.

  • You should upload a profile picture, ideally your logo, in a 180 pixel square. You can update this for special events and holidays, but it should be recognizable and branded.

  • Your cover photo is also important. You can use it as a billboard, special announcements section, or just a compelling picture of your physical location in good weather.

  • You can specify your additional fields here too. Your hours of operation, your price range, your parking, etc.

  • Your contact information needs to match the contact information on your website, for maximum SEO benefit.


Any other lingering fields should be filled in as well. The only ones you don’t necessarily have to fill out are the parking and price range options. These are typically most beneficial for upper-class establishments where parking is handled by valet or the price range is considerable.


Create and Schedule Content


At this point, your page is still either hidden or not announced. Facebook will ask you to like your own page, or to import your email contacts; avoid both for the moment. First, you want to start establishing a content schedule.


The key to success on Facebook is to post frequently with high quality content. I recommend starting out at 3 posts per week, on a Monday/Wednesday/Friday schedule. You can opt for 5 days or 7 days per week if you prefer, but it’s nice to give yourself space to grow.


Your content should be a mixture of content from your own blog and content from other industry sites. With three posts per week, you’ll want one post from your blog – a roundup post or your best post for the week is ideal – and two posts from industry sources. Curating content is very valuable. As you ramp up post frequency, make sure to keep your own content in the fold.


Before you begin promoting your page, you should queue up at least a month’s worth of content. This way, once you’re engrossed in promotion and sharing, you won’t have to worry about your content running out. The more content you schedule, the better.


Invite Users


Once you have your content scheduled, it’s time to get people to follow your page. You can do this in three ways when your page is new:



  • Like and promote your page through your personal profile. This will get your friends and business associates to follow your page.

  • Import your mailing list. This will send invites to everyone who subscribes to your business. You should also send out your link in your newsletter, for those who don’t always respond to Facebook’s invitations.

  • Paid promotion. You can run Facebook ads in the sidebar or the news feed, to encourage people to like your page. This has a lot of intricacy and is not recommended until you’ve built up your audience as much as possible through the first two methods.


You can also do off-site promotion, like press releases or posts on your own site. Use all of these methods to build an audience, get them to engage with your content, and start the cycle of growth and expansion that Facebook is known for.


The post How to Create a Facebook Page for a Local Business appeared first on Boostlikes.com.






Posted on 10:30 AM | Categories:

Thursday, January 29, 2015

How Many Facebook Fans Do You Need to Make Money?






How Many Facebook Fans Do You Need to Make Money?



How Many Fans


In order to make money from someone on Facebook, you need to get them from their position of doing nothing on Facebook but reading through posts and sharing cat pictures, all the way to your shopping cart, where they can buy something from your business. This is a long, difficult process with a lot of attrition every step of the way.


Zarella’s Hierarchy


There is a theory, created by Dan Zarella, that attempts to model the viral potential of a piece of content on Facebook. I find that it works well to help you calculate the number of fans necessary to make money from your Facebook account.


In order to put this theory to use, you need some ongoing data from your Facebook page. If you’re new to Facebook, or you’re making estimates as to how many users you’ll need to accumulate before you see returns, you’re going to be disappointed. Without actual, factual numbers, you won’t be able to make accurate estimates.


This hierarchy is an inverse pyramid of decreasing numbers, representing the drop-off of users each step of the way. You’ll understand once it’s all explained. Also, Zarella’s Hierarchy deals with shares, rather than conversions, so it’s not a perfect analogue.


Try out this thought experiment. Your Facebook page has 10,000 people following it. That’s not an insignificant audience, but with Facebook’s hundreds of millions of daily users, it’s a drop in a bucket. You can assume 10,000 is a reasonably attainable number.


You want your content to be shared. You post a piece of content. This content is available to 100% of the people following your page. Anyone visiting your page can see it. This is NOT the same as reach! Reach is the next step. The “Exposure” of your content is 100%, therefore 10,000 people.


Next, you need to get the attention of your users. This, on Facebook, is your reach. Reach on Facebook is just Facebook’s calculation of how many people actually saw your post. Typical average reach is around 6%. This means out of your audience of 10,000, approximately 600 people will actually see your post. That’s the number of people whose attention you get, even for a moment.


Now you need to motivate those people to actually take action with your post. In this case, you’re trying to earn a share. The average engagement rate of a Facebook post is around 1%. This means of the 600 people who saw your post, 6 of them will engage with it. The distribution of this engagement across clicks, likes and shares will vary depending on the post.


Monetary Calculations


Calculations


For the main topic of this post, we’re considering Zarella’s Hierarchy to be accurate, but we’re taking it one step further. We’re also simplifying it slightly. First, assume that all engagement is a click through. This allows us to assume that the motivation phase is equal to your click-through rate. It’s also likely close to the truth; not many people are going to like or share your post without clicking it.


To take it one step further, we need to measure one off-site metric; the conversion rate of your Facebook visitors. With the 10,000 users, 6 clicks example above, you need to track those 6 people on your site and determine how many of them will convert. Thankfully, you can track this information directly using Facebook’s conversion pixel.


Consider the simplest possible definition of making money from Facebook. One conversion is all it takes. Assuming you’re using Facebook for free, with no investment other than time, one single conversion is a positive ROI. Let’s work backwards.


You need one conversion. Assume your conversion rate is on the high end, at 10%. This will vary by industry and by advertising method, and won’t be accurate for your Facebook page, which is why you’ll need to plug in your own data. More on that later.


A 10% conversion rate means that 1 out of 10 visitors will convert. Therefore, to earn one conversion – and thus make money from Facebook – you need 10 people to click through to your site.


Using Zarella’s Hierarchy and working backwards, we then take it up to the motivation/click/engagement step. You need 10 people to click through to your site. With an engagement rate of 1%, to get 10 people to click through, you need 1,000 people to see your post.


Up one more step, to the attention/reach step. Average Facebook reach is, again, about 6%. Therefore, to get 1,000 people to see your post, you need an audience of approximately 16,700 people.


Therefore, to make money from Facebook by the absolute simplest definition, you need – based on average calculations that don’t apply to your business – nearly 17,000 fans.


Applying to the Real World


This is where your data and your calculations come in. You need to measure several metrics.



  • Your website conversion rate amongst Facebook referrals. Measure this with the Facebook conversion tracking pixel.

  • Your average link post engagement rates. Only measure the engagement rates of the posts you make linking to your website! If you’re measuring engagement on posts that have no chance of earning you money, you’re skewing the numbers.

  • Your average reach. Again, only measure the reach of your promotional posts with links to your site.


You also need to determine what, for you, counts as earning money from Facebook. Is it one single conversion? Is it 10 conversions? 100? The precise number needs to be determined as your goal for this exercise.


Now take all of the data and plug it into the formula.



  • Take the number of conversions you need to make.

  • Divide this number by your conversion rate to determine how many people need to make it to your site.

  • Divide that number by your average engagement/click-through rate. This will tell you how many people you need to reach with a given post.

  • Divide that number by your reach. This will determine how many people you need to have following your page in order to get your required conversions.


If you’re doing the math properly and your conversion metrics are low, this will result in some depressingly high numbers. You might end up calculating that you need millions of followers in order to make your sales goals from Facebook. This is normal, but a few things alter the calculations.


Increasing Rates and Altering Calculations


There are a few things you can do to make the numbers a lot more in your favor.



Additionally, you can invest money into Facebook in the form of ads. Ads, with the click-through metric, will guarantee you X number of clicks. You will need to adjust your sales goals to compensate for the expense, but you can also eliminate other portions of the calculation entirely.


The post How Many Facebook Fans Do You Need to Make Money? appeared first on Boostlikes.com.






Posted on 6:45 PM | Categories:

How to Report Fake News Feed Stories and Hoaxes on Facebook






How to Report Fake News Feed Stories and Hoaxes on Facebook



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Have you fallen for the latest Facebook hoax or hate being ‘trolled’ by your friends who share fake News stories on Facebook?

Recently, Facebook added an option for people to report a story they see in News Feed as false, which helps save the rest of us from being fooled!

Because while Facebook is great for spreading breaking news, not all of the stories you see in your News Feed are true.

This week’s #SocialMediaMinute will cover how to report fake News Feed hoaxes on Facebook.

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Reporting a hoax works in the same way as reporting a story as spam. Check it out in the video tutorial below.

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What are Hoaxes?

Hoaxes are a form of News Feed spam that includes scams (“Click here to win a lifetime supply of candy”), or deliberately false or misleading news stories (“Man sees Bigfoot on hike in Oregon”).

People often share these hoaxes and later decide to delete their original posts after realizing they’ve been tricked. This usually comes in the form of lots of comments from friends letting them know it’s a hoax or links to hoax-busting website.

Reporting News Feed Hoaxes

To reduce the number of these types of posts, News Feed will take into account when numerous people flag a post as false.

News Feed will also take into account how many people choose to delete their posts after being informed it’s fake.

This all leads to reduced distribution in News Feed and applies to posts including links, photos, videos and status updates.

Huzzah! No more hysteria or viral disinformation!

More importantly Facebook’s update to News Feed will add an annotation to posts that have received many of these types of reports to warn others on Facebook.

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However Facebook will not remove stories people report as false and are not reviewing content and making a determination on its accuracy. So it’s really up to Facebook users to self moderate their feeds.

Takeaway

The goal of News Feed is to serve stories that matter to you. Facebook seems to have learned that hoaxes ruin its users’ experience. Luckily, the majority of publishers on Facebook will not be impacted by this update though publishers who do frequently post hoaxes and scams will see their News Feed distribution decrease. You have been warned!

Keep in mind satirical content intended to be humorous, or content that is clearly labeled as satire should not be affected by this update as users rarely report this type of content.

Have you ever fallen for a Facebook hoax? Are you excited to have the power to further moderate your News Feed? Let me know in the comments below and make sure to come back next week for more title="SOCIAL MEDIA TUTORIALS" href="http://www.jacobcurtis.com/social-media-tutorials/" target="_blank">social media tutorials.

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The post rel="nofollow" href="http://www.jacobcurtis.com/2015/01/29/report-fake-news-feed-hoaxes-facebook/">How to Report Fake News Feed Stories and Hoaxes on Facebook appeared first on rel="nofollow" href="http://www.jacobcurtis.com">Jacob Curtis | Social Media Tutorials.