Lazy Sunday – Started checking on how the multiple Facebook Pages I have created have performed over time – was surprised at the level of analytics provided by Facebook to page administrators – it is just about OK!
This is not surprising. Facebook was always centric towards more user engagement with his/her contacts – more features and capabilities for users to interact, share and discover content. While in between this – Facebook created Pages (earlier Fan pages) about 2 years ago. Marketers were quick to understand and grab on to creating Pages, and promoting user to be a Fan (or ‘like’ the Page) – now to an extend that value of a brand is getting judged by the amount of users who like the Fan page.
(Still stuck with old terminology – For further notes, Facebook Pages will be referred as Facebook Fan Pages and its users as Fans)
Facebook today is rumored to be touching revenues of 2 Billion USD, to my judgement a significant portion of that revenue is contributed by brands & marketers promoting its Fan pages to users. That means – huge revenues are generated for Facebook without moving traffic out of Facebook (smart move..huh!).
Facebook did two version of Insights for Fan Pages – the newer version with simplified graphs of old information with few minor updates. However, when it comes to level of engagement that a Fan Page can offer and level of Analytics that can be made available about the Fan Pages and interactions happening on them, Facebook still has a long way to go. The pace of innovation and development on Facebook Pages is far less compared to attention (and revenues) received by it from digital marketers.
Based on my experience with managing Facebook Pages, here is a marketer’s wishlist for Facebook – Features, Interactivity and Analytics that should be introduced.
[Guest article by PJ. Reproduced from his blog.]