360i Report on the New Facebook Insights
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360i Report on the New Facebook Insights

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Facebook has launched a new set of metrics as part of their F8 release, in which engagement is meant to be the focal point of brand activity on the platform. This latest 360i report highlights the......

Facebook has launched a new set of metrics as part of their F8 release, in which engagement is meant to be the focal point of brand activity on the platform. This latest 360i report highlights the new metrics now available to page administrators, as well as their implications for marketers.

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  • 1. Integrated Solutions. Measurable Results. October 4, 2011 360i POV on the New Facebook InsightsOverview Facebook has launched a new set of metrics as part of their F8 release, in which engagement is meant to be the focal point of brand activity on the platform. This latest 360i report highlights the new metrics now available to page administrators, as well as their implications for marketers.Friends of FansWhat it is:In addition to “Total Likes,” which was previously the only metric Facebook provided to gauge a Page’sreach, the new Insights will aggregate “Friends of Fans.” This is another raw number, calculated bymultiplying a Page’s number of Facebook fans by how many friends they have, excluding overlap.Implications:The focus on sharing creates a shift in which reach becomes a function of interaction. Word of mouthmarketing becomes more important than ever, as the update places increased emphasis on the abilityto influence “Friends of Fans” through compelling content and active engagement. Brands shouldconsider the shareability of their posts when evaluating content calendars.“People Talking About This”What it is:The “People Talking About This” score – the actual name is yet to be determined, says Facebook – is araw number (not a percentage) that adds up various engagement types that a brand post generatesfor over a one-week period. It includes: • Likes and comments on brand posts • Wall posts • Shares • Number of Facebook user comments involving the brand • RVSPs to events • Text and photo tags • Facebook Places check-ins and Deals-related activity • Answers to QuestionsThis number will be public and visible to all visitors of a page – fans and non-fans.Implications:Marketers and users will begin looking at the "People Talking About This" score the way they do the"Likes" tally. This number, however, might still be relative to size as a large engaged community willdrive a stronger “People Talking About This” score than smaller ones.According to Facebook product manager David Baser, marketers and consumers will developexpectations on what that number should look like for brands. “A brand’s business objective will help NEW YORK | ATLANTA | CHICAGO | SAN FRANCISCO | info@360i.com | 888.360.9630 © 2011 360i LLC. All Rights Reserved
  • 2. Integrated Solutions. Measurable Results. October 4, 2011 360i POV on the New Facebook Insightsdefine what the appropriate level is for their page” (quote via Click-Z).The fact that the score includes Wall posts allows brands to measure user-to-user conversationgenerated by the brands own presence on the platform. Facebook becomes closer to being a realcommunity as it now encourages branded conversation even in the brand’s absence, moving awayfrom its old “Big Brother” model.Virality MetricWhat it is:The new virality metric uses a percentage to quantify how effective a post performed when it comes toword of mouth. Facebook calculates the figure by dividing the number of people "Talking About This"by the actual number of people who viewed the post.This new metric can be seen as an updated version of the Feedback Score, which previously took intoaccount the volume of Likes and comments on a brand’s post, thus ignoring organic conversation.Implications:This new score helps community managers focus on what really matters: organic conversation. Brandswill now be able to measure engagement beyond the response to messages they publish.By looking at the Virality Score, a marketer can quickly gauge the emotional connection between thegeneral public and is/her brand. A high Virality Score will signify a healthy, well-rounded brandconversation overall in the broader population, not only a good response to a series of Wall postswithin a walled garden.Page PostsAdditionally, within the new Insights tab, page administrators will be able to view their 500 mostrecent posts and observe the performance of each across four key metrics: 1. Reach: The total number of Facebook users exposed to a brands content, including earned and paid impressions 2. Engaged Users: The number of users (not just fans) who interacted with a post, including click-throughs and photo or video views 3. Talking About This: The number of users who took deeper action by liking, commenting or sharing a post 4. Virality: The effectiveness metric in which "Talking About This" is divided by "Reach"Implications:Facebook says the new metrics are designed to help marketers better understand the drivers of thedistribution of their page posts. This means that marketers can now spend more time engaging, andless time reporting. The transparency of the new Insights tools will allow marketers to reallocate timefrom calculating compound metrics (in order to understand) post effectiveness to content optimization. NEW YORK | ATLANTA | CHICAGO | SAN FRANCISCO | info@360i.com | 888.360.9630 © 2011 360i LLC. All Rights Reserved
  • 3. Integrated Solutions. Measurable Results. October 4, 2011 360i POV on the New Facebook InsightsNext Steps for MarketersThese changes are substantial and they will dramatically influence the way community managersapproach page management moving forward. Here are some action items to consider in light of theupdates: • Redefine key interactions as everything that helps increase the “People Talking About This” (PTAT) score. o Consider engagement and interactions beyond likes and comments. In developing new content calendars, marketers should consider all factors that get people talking about their brands as clicks, shares and Wall posts will help increase a brand’s reach. o Start reporting on overall interactions rather than simply likes and comments, to reflect a more holistic approach to conversation • In reporting, be aware of the missing qualitative aspect of the PTAT score. For example, a quick or strong increase might not necessarily be positive, and regular qualitative analysis might be necessary to verify the sentiment of the buzz. NEW YORK | ATLANTA | CHICAGO | SAN FRANCISCO | info@360i.com | 888.360.9630 © 2011 360i LLC. All Rights Reserved
  • 4. Integrated Solutions. Measurable Results. October 4, 2011 360i POV on the New Facebook Insights • As one-to-one messaging becomes more and more important, this strategy can be further amplified depending on the depth of your audience’s network • Marketers still shouldn’t underestimate the importance of size, but should start investigating new benchmarks for reach versus size before setting goals. • Expect more changes: as Facebook starts experimenting with these new Insights, marketers should expect to see more updates in the coming months.Next StepsContact your 360i strategic advisor to learn more about the new Facebook Insights and how thechanges might stand to affect your current Facebook program.About 360i360i is an award-winning digital marketing agency that drives results for Fortune 500 marketersthrough insights, ideas and technologies. 360i helps its clients think differently about their onlinepresence and evolve their strategies to take advantage of the new world of marketing communications– one where brands and consumers engage in interactive and multi-directional conversations. In 2010,Ad Age named 360i to its prestigious Agency A-List. Current clients include Oreo, jcpenney, Coca-Cola,Bravo and Diageo, among others. For more information, please visit blog.360i.com or follow us onTwitter @360i. NEW YORK | ATLANTA | CHICAGO | SAN FRANCISCO | info@360i.com | 888.360.9630 © 2011 360i LLC. All Rights Reserved