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Published by Que Publishing (July 29, 2013) © 2014

Brian Carter
    VitalSource eTextbook (Lifetime access)
    €11,99
    ISBN-13: 9780133434132

    Like Economy, The: How Businesses Make Money with Facebook ,2nd edition

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    Language: English

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    The #1 Plan for Profiting from Facebook: Now Updated with New Tools, Techniques, & Strategies!

    Brian Carter’s complete, step-by-step Facebook sales and marketing plan has helped thousands of companies supercharge their online sales and profits. Now, he’s completely updated it to reflect new Facebook features and tools, share all-new examples and experiences, and deliver actionable new insights about Facebook’s users…your customers! Carter focuses on techniques proven to pay off and steers you away from expensive techniques that no longer work. You’ll discover today’s best ways to attract more prospects at lower cost, convert more of them into profitable buyers, repel “brand-bashers,” and attract fans who’ll help you sell. This is a book for doers, not talkers: entrepreneurs and marketers who want results, fast!

    • Compare Facebook’s five routes to profit, and choose your best strategies
    • Craft a Facebook program that reflects your unique offerings and customers
    • Avoid eight key mistakes that kill Facebook profitability
    • Continuously optimize your presence to reflect your experience and performance
    • Sell the dream: Go beyond benefits to arouse your fans’ desires
    • Attract super-affordable, targeted visitors and fans with Facebook ads
    • Deepen engagement by applying new insights about Facebook users
    • Improve branding, positioning, and customer service along with revenue
    • Master 13 proven influence tactics for transforming casual visitors into buyers
    • Employ time-tested sales tactics, including testimonials and upselling
    • Build a community you can translate into profits
    • Create a cost-effective B2B marketing program that works

    Introduction     1
    Chapter 1  The Like Effect: The Power of Positive Marketing     3
    Likes Decrease Costs and Increase Profits     4
    Likes Increase Sales     5
    Likes Give You Control of the Customer Conversation     5
    Likes Prove People Are Paying Attention     6
    Likes Solidify Loyalty     7
    Likes Create Evangelistic Customers     8
    There’s No Dislike Button     8
    Can You Do Fear-Based Marketing on Facebook?     9
    Google “Likes” the Like Button     10
    Facebook Is About Passions and Interests     10
    How Often Do Facebookers Like Things?     11
    Facebook Users Are More Trusting     12
    Facebook Groups: Off-the-Charts Positivity     12
    Facebook Page Brag Boards     13
    Easy Testimonials     14
    Emotions on Facebook Are Contagious     14
    Gross National Happiness     15

    Chapter 2  You Can’t Tell a Facebook by its Cover: The Case for Facebook Marketing     17
    Why Facebook Marketing Is So Important     19
       Facebook Is the Biggest Thing Since Google and Might Be Bigger Than Google      19
       The Facebook Ad Platform Is the Most Powerful Marketing Tool in History      21
       Google Dooms You to Price Wars, Whereas Facebook Creates Loyalty and Increases Your Value     21
       Are Facebook Fans the New Email Subscribers?     22
       Facebook Is Heir to the Browsing Empire Yahoo! Lost     22
    Myths and Misconceptions About Facebook for Business     23
       Social Media Users Don’t Buy Products     24
       Social Media Users Don’t Buy Soon Enough and the Sales Cycle Is Too Long     28
       Twitter Is the Only Social Media Channel Worth Using?     30
       Facebook Is Just for College Students/Kids?     33
       People Don’t Click On Ads?     35
       Who Harbors These Misconceptions and Why?     36
    Some Businesses Profit on Facebook, and Some Don’t     36
       Common Mistakes     37
       Success Stories     37
       Here’s What Facebook Marketing Successes and Failures Do Differently     38
    Facebook’s Strengths: Advantages for Your Business     38

    Chapter 3  FaceFirst: How Facebook Fits into Your Business and Other Marketing Efforts     41
    How Is Social Media Supposedly Changing Business?     42
       Conversation     42
       Transparency, Honesty, and Trust     44
       Availability and Responsiveness     45
       Marketing     46
    Evaluating Social Media Experts     47
    What Businesses That Profit from Facebook Do     48
       Can Facebook Change Your Business?     48
       How Can Facebook Fit In to Businesses in Different Ways?    48
    How Do You Synch Up Your Other Marketing Efforts with Your Facebook Campaigns?     49
       Facebook + Print, Web, and Email     49
       Facebook + Google Marketing     50
       Facebook + PR     51
       Facebook + Email Marketing    51
       Facebook + TV     52
       Facebook for Radio Station Promotion     52

    Chapter 4  FaceBucks: Five Ways Businesses Achieve Profits with Facebook     55
    How Facebook Advertising Helps All Five Revenue Models     56
       Reaching Potential Buyers     56
       Positive Alignment     57
       Cheap Clicks, Cheap Fans, and Profits    57
    Should You Try Facebook Marketing Without Fans First?     58
    Five Facebook Revenue Strategies     59
       Strategy #1: Advertising Direct to e-Commerce     59
       Strategy #2: Advertising and Email Marketing     60
       Strategy #3: Fan Marketing for e-Commerce     64
       Strategy #4: Fans for Blogging and Advertising Revenue     66
       Strategy #5: Fans and Affiliate Marketing     68

    Chapter 5  How Not to Fall on Your Face: Eight Mistakes That Block Facebook Profitability     71
    1. Is Your Business Viable Online? Is Profitability Likely?     72
       The New Online Business     72
       The Successful Online Business Now Testing Facebook Marketing     76
       Figuring Out Facebook Marketing Profitability     77
    2. Do You Have the Facts? Are You Looking at Them?     78
    3. Are You Making It Easy for Them to Buy?      78
       The 1% Rule: Only 1% Of People Will Do What You Ask Them to Do Online     79
       The Effect of the 1% Rule on Internet Sales Processes     80
    4. Are You Making Them Care?     80
       Why Should They Care?     80
       WIIFM?     81
       Incentives     81
    Facebook-Specific Landing Pages on Your Website     82
    5. Do You Have the Right Fans?     82
    6. Are You Reaching Enough of Them?     83
    7. Are You Reaching Them Repeatedly?     84
    8. Are You Warming Them Up?     85
       Start with Generosity     85
       Warming It Up on the Web     85
       Warming It Up on Facebook     86

    Chapter 6  Facing the Facts: How to Continuously Get Better Results with the Five Steps of Optimization     87
    How Digital Marketing Is Shifting Marketing Cultures     88
    The Five Steps of Optimization     88
    Step One: Establish One Clear Goal     92
       Facebook Marketing Goals     92
       Prioritizing Goals and Reconciling Conflicts     93
    Step Two: Quantify the Goal with a Key Metric     94
       Balancing Metrics     95
       Estimating the Likelihood of Success     96
       Tracking     96
       Facebook Marketing Metrics     96
    Step Three: Look at Where You’re Starting     98
       Resources     98
       Obstacles     98
       Capabilities     100
    Step Four: Choose Tactics to Test     100
       Ad Copy Tests     100
       Ad Image Tests     101
       Facebook Post Tests     101
       Testing Post Types     102
       Landing Pages     103
    Step Five: Optimize Based on Results     103

    Chapter 7  Selling the Dream: Going Beyond Benefits to Arouse Your Fans’ Desire for What You Offer     105
    Cure the “Me Me Me” Epidemic     106
       Use Your Customer’s Language     106
       Who Is Your Customer?     107
       Why You Are Never the Best Example of Your Target Customer     109
       Don’t Get Obsessed with Art     109
       Measure Results and Adjust Your Course to Improve     110
       Facebook Is Their Playground, Not Yours     110
    Do Pushy Sales Messages Turn People Off?     111
       Facebook Is Like a Conference: How Do You Sell at a Conference?     111
    Sales Is a Journey of Four Steps     112
       What Is AIDA?     112
       “Hot Donuts Now”     112
       “I’m on a Horse”     113
       Social Media Selling Is So Romantic     113
       How AIDA Works on Facebook     114
    How to “Sell the Dream”     115
       The Desire Phase Is Critical in Fan Marketing     115
       The Features Versus the Benefits     115
       The Benefits Versus the Customer’s Dream     116
       Examples of Selling the Dream     117
       12 Things People Dream About     119
       How to Figure Out Your Customer’s Dream     120
       How to Get Fans Thinking and Talking About the Dream     121

    Chapter 8  Putting Your Best Face Forward: Setting Up Your Facebook Page to Get More Fans and Sales     123
    Pages, Groups, and Profiles: The Mad, Mad World of Facebook     124
       Other Facebook Opportunities     128
       Can You Market with a Personal Profile?     128
       What’s Better, Pages or Groups?     128
       Understanding Admins for Pages and Groups     130
       How Do Pages and Groups Work Together?     131
       Why Are Facebook Groups So Powerful?     132
       Critical Mistakes to Avoid in Page Setup     133
       What to Put in Your Page’s Cover Photo     133
       How to Get a Vanity URL (Username)     134
    Are Custom Tabs Overhyped?     134
       Most People Never See Your Tabs     135
       Why Most People Will Never See Your Tabs     135

    Chapter 9  The Face of Advertising: How to Capitalize on the Most Powerful Marketing Tool     137
    Why Facebook Advertising Is Critically Important     138
       Comparing Google Search Marketing with Facebook Marketing     139
       How Ready Are They to Buy Now?     139
       Cost of Permission Marketing     139
       Facebook Ads for Different-Sized Businesses     140
       Mistakes and Misconceptions     141
    How to Do Facebook Advertising     142
       1. Analyze Your Business and Customers     143
       2. Target Your Audiences     145
       3. Create Your Advertisements     150
       4. Optimizing Your Campaigns and Ads     162
    Advertising to Existing Fans     169
    How to Be a (Boring) Rock Star for Just $30 per Month     170

    Chapter 10  FaceHook: Capturing Qualified Prospects as Fans and Group Members     173
    Why Fan Marketing Can Be So Profitable     174
       Paid Media Versus Owned Media on Google     174
       Paid Media Versus Owned Media on Facebook     174
    Unwise Ways to Get Fans     176
       The Contest and Giveaway Trap     176
       Buying Fans from Companies That Get Fans for You     177
    Marketing 101: Targeting and Return on Investment     177
    Wrong Fans? Bad Return on Investment     178
    A Few Fan Growth Campaign Case Studies     180
    How to Get Low Cost, Targeted Fans     182
       The Best Ad Settings for Affordable Fan Acquisition     183
       Target-Ad Consistency: Tightly Grouping Targets with Image and Message     183
       An Alternative Targeting Approach     184
       No-Brainer Marketing: Simplicity Gets Results     184
       Ad Copy Formulas     185
       Ad Copy Grammar, Punctuation, and Capitalization     185
       How to Choose Images for Fan Acquisition Ads     185
       The Key Metric for Fan Generation and How to Find It     186
    Notes on Business-to-Business Fan Acquisition     190
       Business-to-Business Fan Generation Advertising Tips     190

    Chapter 11  Talking Till You’re Blue in the Face: How to Get More Likes and Comments     193
       The Surprising Truth About How People Use Facebook     194
       Your Fans See the People and Pages They Interact With     195
       The Average Page’s Posts Are Seen by Less Than 10% of Its Fans     195
       The Mysterious EdgeRank Algorithm     197
       Post Metrics and Benchmarks     198
       Reach     199
       Engaged Users     199
       People Talking About This (PTAT)     199
       Feedback Rate     200
       Reach/Fan Count = Visibility     200
       Feedback Rate’s Effect on Reach     200
       Are Some of Your Fans Unreachable Forever?     201
    Dancing on the EdgeRank: Increasing Response  and Visibility     201
       What the Heck Is Web 2.0?     201
       Leading the Community You Create     203
       Facebook Users Are Bored: Entertain Them!     203
       Formulas for Posts     204
       Incorporating Selling the Dream     207
       Learning from Your Previous Posts     209
       Engagement Milestones     210
       Guiding Your Community     211
    Balancing Engagement and Selling Types of Posts     212
       Ratio and Frequency     213
       Ideas for Posting     214
       Feedback Rate and Sales Posts     215

    Chapter 12  FaceMessage: Achieving Other Corporate Goals on Facebook     217
    Nonrevenue-Oriented Facebook Goals     218
       Branding and Positioning     219
       Customer Service     221
       Public Relations     222
       Journalistic Best Practices for Interaction     226

    Chapter 13  Face-alytics: Analyzing Your Facebook Results     229
    Which Web Analytics Package Should You Use?     230
    Google Analytics Overview     231
    Taking Analytics with a Grain of Salt     233
       The Untrackables     234
       Uneven Accountability     236
       Last-Click Bias     237
       Inconsistencies and Inaccuracies     237
    Tracking Facebook Visitors with Google Analytics     238
       Tracking Visitors from Facebook Posts     240
       Tracking Visitors from Facebook Ads     241
    How to Get Advanced Facebook Page Insights     243
       1. How Often Should You Post on Your Facebook Page?     243
       2. What If the Demographics of Your Most Engaged Fans Are Different from Your Average Fan?     244
       3. What Types of Posts and Post Content Get You the Best Feedback Rates? Which Get the Worst?     244
       4. What’s the Best Time to Post to Your Fans?     244
       5. Which Sources Get You Fans Who Will Ultimately Unlike Your Page?     245
       How to Use These Tips to Get Better Results from Your Posts     246
    Competitive Intelligence Analytics     246
       Keyword Monitoring and Sentiment Analysis     246
       Content Engagement Analysis     247

    Chapter 14  Influence: 13 Tactics for Turning Browsers into Buyers     249
    Sales and Influence Tactics for Increased Facebook Profits      250
    Applying Influence Principles to Facebook Marketing     251
       Reciprocity     251
       Commitment and Consistency     258
       Social Proof     260
       Liking      261
       Authority     262
       Scarcity     263
    Applying Time-Tested Sales Tactics to Facebook Marketing     265
       Discounts     265
       Bonuses     266
       Upsells     266
       Selling the Value     266
       Testimonials     267
       Truth and Consequences     268

    Chapter 15  B2B Facebook Marketing     271
    Facebook B2B Marketing Success Stories     272
       InfiniGraph: Competitive Social Intelligence     272
       Harrison Agate, Attorney     272
       Marketo: Marketing Automation     273
       Zurvita: Wellness Product Sales Through Independent Consultants     273
    Comparing Facebook, Google & LinkedIn for B2B     274
       Allocating B2B Advertising Funds     275
       The Sales Funnel     276
       Beyond Professionalism?     277
    Facebook B2B Marketing Tactics     277
       Whitepapers     278
       Infographics     278
       Memes     278
       Think Outside the Box with a Ukulele     278
       Ebooks     279
       Facebook Advertising     279
       Facebook Posts     282
       Conclusion     283

    Chapter 16  FaceBusiness: Seven Principles for Success     285
    Harness the Power of Positive Marketing     287
    Embrace the Entire Sales Funnel     288
    Leverage the Facebook Advertising Platform Now     290
    Map Out and Optimize Your Revenue Model     291
    Know Your Customers Much More Deeply     292
    Test, Track, and Optimize Your Marketing     293
    Start Fascinating Conversations     294

    Index     295

     

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