Valleywag says that Facebook is “in the process of” slashing “organic page reach” down to 1 or 2 percent. This would affect “all brands” because Facebook is a business and they have to make a lot more money. But in doing so is Facebook, destined to just become another online media property for media companies looking to target consumers with advertisers’ messages?
POST SUMMARY: “Measuring online advertising today is like trying to boil a swimming pool with a Bunsen burner.” A Facebook executive said “We’ll look at cookie-based measurement in two years the same way we look at a tricked-out 1992 Dell today — antiquated and inefficient. Alternatives to cookies such as device IDs and stable IDs will be the way that marketers measure campaigns. This is the future of measurement, especially in today’s mobile world.” Is he right?
POST SUMMARY: According to Ogilvy “organic reach of the content brands publish in Facebook is destined to hit zero. It’s only a matter of time.” Forrester says in a new blog post, a recent change Facebook made to reduce the “organic reach” of advertisers’ posts — the percentage of their fans who see them — makes advertising on the social network no longer worth it: Is there any doubt now that Facebook has abandoned social marketing, and that its paid ad products aren’t delivering results for most marketers?
Facebook global head of brand design Paul Adams presented one of the most important talks last year. In the session, “What People Share and Why,” Adams suggested that people are not necessarily predisposed to sharing and said “brands need to understand why people talk. By doing so, it is much easier to create vibrant communities and conversations. The first reason people talk is to make life easier. For brands, that means creating content that makes something easier for their fans.” But is this true for all brands ?
Over the last year have posted different stats about the ineffectiveness of Facebook posts (seen by less than 1%) of users, but the hype around Facebook has continued. Now comes word in a big shift from the stance Facebook took a year ago, when agencies called out the fact that posts published by clients were being seen by fewer of their fans that marketers are going to have to pay for reach on Facebook via ads. Welcome to reality but I have to wonder what took you so long ?
“There are none so blind as those that refuse to see”. Using social media for ads and promotions is not social media marketing; it’s old school marketing 101 of going where everyone goes. And marketers wonder why over 70% of people who “Like” brands on Facebook stop following brands or don’t see their feeds in Facebook pages ? If you talked to people the way marketers talk to consumers they would bitch slap you.
According to an article this AM on Quartz: When users visit a search engine, they are often in the mood to spend money. They may be researching a purchase or searching for local merchants. Other than seeking news or satisfying basic curiosity, almost all the uses of search are a prelude to an exchange of money. Google and Facebook are similar—both are making money almost exclusively on advertising. The difference is that while Facebook is pushing banner ads and product endorsements in between conversations with friends, in a way that can feel intrusive, Google’s ads arrive just when people are amenable to hearing their sponsors’ message. If cat pictures and status updates were a good business, the important measures of Facebook’s revenue would all be advancing. Instead, shockingly, they are waning. This should be a wake-up call to investors and Facebook’s leadership.