GM just pulled its ads from Facebook, because they don’t work. Studies show that Google has a far higher click through rate than Facebook, and that their ads have far better reach than Facebook’s. Here’s a good article from BusinessInsider about it, although this stuff is now all over the interwebs.
One of the points of this particular article that I hope everyone notices is that advertising on Facebook is actually FREE. If you create compelling content.
Well, well, well. So here we are, a few years after everybody got all hot and bothered about tweeting and status updates for their brands, and put all their money into building social media “presences” instead of creating quality content. The tide has begun to turn, as businesses realize that getting people to talk about your brand only matters when you have something cool/fun/useful to say, and which leads to actual purchase decisions.
Finally, content is king, again. If you’re smart.
If it sounds like I have a love/hate relationship with social media, you’re right. I love how social media can connect us and keep us involved in each others’ lives. But I hate how most of it has been vapid claptrap nobody cares about, and that goes triple for corporate presences in social media. Too often, it’s just noise. And noise sucks. In the end, Facebook is one of many tools a smart business can take advantage of and use to build and communicate with audiences.
Let’s get back to work, people. How to do that?
First, create cool, killer products and services that matter. Then, hire an agency like mine to craft compelling stories that help sell your awesomeness.
As for Facebook’s IPO, and the effect of corporations finally wising up to reality and refocusing their efforts on Facebook’s bottom line: I really don’t care. The billionaires and insiders will get richer (especially that Facebook founder who just renounced his U.S. citizenship to save millions of dollars in taxes), and the poor saps who invest at the wrong time will get taken for a ride.









