So .. Facebook Pages is here – and it actually worked for me last night – I checked in three times and didn’t even bother using FourSquare until I found Facebook wasn’t responding (guessing Facebook’s backend network is struggling with dealing with all the 500 million who are suddenly able to “check in”). Maybe that’s why FourSquare got more new signups – guessing that is. Some are wondering if Facebook Places will put FourSquare out of business – i think it’s too early to say (for all I know, it might actually help them).
Besides you and me and the rest of the 500 million Facebook members checking in – Businesses can now “check in” too … an excellent post on this from HubSpot was posted yesterday – Facebook Places Launches, Allows Businesses To “Check In” which supports my prediction Social Media ROI will not be that much of an issue in 2011 – and I predicted it would be mostly solved by the end of this year.
While so much Social Media activity is “ultra violet” - it won’t show up in your site analytics because we don’t have the tracking mechanisms in place in most businesses that engage in some form of Social Media outreach. Social Media ROI won’t show up today easily because the work flow to track it and tie in ROI isn’t in place yet; it’s not yet part of your Social Media Monitoring, either. But the other day I wrote about China and how it was creating a new Internet of Things - but actually, we see more evidence of it in the UK with the TOTem project. In any case, as we start tracking objects the way we track bits of data on a website – again, the ROI problem will be solved.
As a result of the changes happening over the last year or so with Geo-Location tracking, activities that drive ROI, and the ROI derived from them – will, more and more, become attached to sites such as a Facebook Places business location in the rest of 2010 and into 2011. Once the 500 million start “checking in” to your location pages – that’s it – we’re never going back – we’ll have reached critical mass.
I know some will still be skeptical (but that question will be answered in our Social Media Monitoring Bootcamps later this fall) - geo-location and mobile will deliver the Social Media ROI that business is asking for - proof that people are showing up at your door and checking in because of the Social Media outreach and the dollar value of their visits and purchases thereof.
On the other hand, JaTin points out many Social Media Monitoring tools failed to deliver – but when the work at all – it’s often due to the tool being used for something else than what it actually was designed for and points out …. “The tools, in and of themselves, are not important. What you do with them is.”
Yet, Facebook Places is different ….
Why It’s a Big Deal for Business
- Facebook is building a suite of advertising tools that will allow you to list, claim and advertise your place on Facebook
- You no longer have to educate your customers – they all know what Facebook is
- People checking in at your business are naturally telling some part of the word about your business
- Offering coupons and special offers for people who check in is a natural way to tap the power of using online tools to drive offline sales.
- Data that you can collect on users and amount of times they checkin will prove extremely valuable in tracking customers and advertising spend
If you are a marketer, this announcement demonstrates that location-based social networks are transforming from a trend into a mainstream feature of social networking. Some of the initial developers using Facebook Places are social game developers like Booyah, who plan to create new social games based on location.
Facebook, similar to Yelp and other location-focused sites, is also allowing businesses to claim their location in Facebook Places. Once Facebook Places is available to you, add the location to your business. Once that location page is created, you will then have the option to “claim” it as the page for your business. It is likely that Facebook will launch many other marketing opportunities for Businesses on Facebook places in the future, so it is important to go ahead and claim your location now.
JaTin posted about Facebook Places and the Competition (Including Google) showing how all of the geo-location services are going to plug into Facebook Places and yesterday, the day Facebook Places launched, believe it or not, FourSquare had the most new people signing up, ever. I think we’re all expecting FourSquare and the rest of the Geo-Location services to be interoperable with Facebook Places.
My insights often come to me this way – as if I “touch the data” and suddenly – like the guy from the “Dead Zone” … see the future, or a probable future. As I touched RSH’s data ….. I saw the future of Hotels Social Media Monitoring – the next thing, or at least, one of the next things.
Person checks into Waldorf Astoria hotel across the street from Roger Smith – they get bad service or complain the hotel room is expensive …….. we set alerts in Radian6 to monitor anything going on at the Waldorf ….Couldn’t RSH just tweet the guest over at Waldorf that “our rooms are cheaper and better” and encourage the guest to check out of the Waldorf and into RSH”?