Is it Worth it for Your Company to Have a Facebook Page?

Do your customers and prospects actually “friend” “like” and “fan” business pages on Facebook? And if they do, how does that translate into sales?

 

Chadwick Martin Bailey recently conducted a survey to find out how consumers interact with brands on Facebook. Our top takeaways:

  • A lot of people actually spend time on Facebook: 52% of Americans spend at least one hour per week on Facebook
  • People don’t “like” brands indiscriminately: 78% of those who “like” a brand on Facebook like fewer than 10 brands. Also, 76% of people reported they have never “unliked” a brand, (and another 9% didn’t know if they had or not, so they probably hadn’t)
  • You DO need to offer a carrot: 57% of those who “like” a brand reported that they did it to get a discount or take advantage of a promotion
  • Facebook relationships make customers more loyal: 56% of “fans” are more likely to recommend a brand to a friend, and 51% say they are more likely to buy from a company again after becoming a fan

 

Read the whole graphic report: “10 Quick Facts Your Should Know About Consumer Behavior on Facebook.”

Wondering which (if any) social media outlets are good for your brand? Give us a shout – we’d love to talk to you about it.

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Tags: Facebook, Media, Social, brand, prospects

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Comment by Yeoman Technology Team on October 13, 2011 at 6:55am

Yeoman's Mike Healey recently shared some of our own client updates with Forbes magazine. 

http://www.forbes.com/sites/erikamorphy/2011/09/16/the-fuzzy-math-b...

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