Archive for the ‘voluntary migration’ tag
Don’t Dread Tomorrow’s Mandatory Switch To Timeline, Study Shows It’s Good For 95% Of Facebook Pages
On March 1st Facebook let the world feast its eyes on Timeline for Pages, and tomorrow after a month of voluntary migration it will force all Pages to switch to the redesign. But don’t worry, 95% of Pages who’ve switched have seen more Likes of their posts and people talking about them, and it doesn’t significantly impact the rate of new Page Likes according to a study that social marketing platform Wildfire gave TechCrunch an early look at. Only megabrands with over 10 million Likes have seen reduced engagement, but this was in part due to a lull following press exposure during the Timeline launch.
There’s more good news for smaller Pages. A study shared with us by enterprise marketing platform Hearsay Social shows local business Pages with fewer fans get 5x more exposure in the news feed, and 8x more of the fans reached will engage with a post. That means big brands with lots of local branches can get 40x the engagement by having a Page for each store.
In the first week after Timeline for Pages launched 8 million Pages voluntarily switched over, but limited early data showed the migration significantly reduced the rate at which big pages were gaining fans. But data from Wildfire’s much more comprehensive study of 43 brands had rosier results.
First, fan growth rate was only down between 0.02% and 0.06%, which is essentially insignificant. That’s no win for Facebook’s design team but at least growth didn’t plummet. Small Pages with under 1 million fans are seeing engagement soar. People Talking About This, a measure of total mentions of a brand, is up 67.4%, comments per post is up 40%, and Likes Per Post is up 60.3%. Middle to large Pages with 1 million to 10 million fans are also doing alright with PTAT up 28.858, Likes per post up 13.56%, though comments per post is down 17.43%.
Megabrand Pages with over 10 million fans faired worse after Timeline. PTAT was down 13.72%, comments per post down 16.72%, and Likes per post down 11.57%. This data was confounded, though, as all 7 of these Pages that Wildfire studied were promoted by Facebook in press around the launch of Timeline, and saw rapid returns to pre-press engagement levels that looked like declines. So most Pages should be excited about the new Timeline features, which Wildfire will be reviewing in a webinar at 10am PST today. You can sign up to download the full report discussed here.
As for the study commissioned by Hearsay Social from independent researcher Mainstay Salire, the 40x value of local fans should alter the Facebook marketing strategy of brands with locations around the US or the world. Having a massive, multi-million fan count might give them bragging rights, but won’t help them make money. If they’re willing to invest the time and money to manage all their local Pages it can give a big boost to their business.
What should brands with just one big Page do now? Hunt down unofficial Pages that represent their local stores and either claim them or have them shut down, then start official ones. Hearsay’s Rogue Page Finder can help. Then establish local admins for each Page or use a corporate/local-focused Page management software like Hearsay Social to syndicate updates from your main brand Page to that of each store.
Timeline and managing local Pages sure doesn’t make Facebook marketing any easier, but it does make it more effective. For these reasons, expect the Page management software industry and importance of trained community managers to keep growing.