Friday, August 1, 2008

Facebook S.W.O.T Part 3 - Opportunities

This is part 3 of a four part series that explores the new look facebook and examines it using a S.W.O.T analysis

Part 1 - Strengths

Part 2 - Weaknesses

Part 3 - Opportunities

Part 4 - Threats

A Great Place To Network

Regardless of the changes facebook is still a fantastic place to network and share information with your friends. You can make valuable business contacts just as easily as before and you can use facebook to promote yourself, your business, your product or any services you offer .The strategies that you need to adopt are generally the same and you still need to avoid certain practices, for more information check out my facebook made easy guide

Facebook Pages

Facebook pages have become somewhat easier to find as they are now appearing in the search box with a little yellow flag on them. With the obvious refocus on advertising those who learn how to use facebooks social adds will have a great opportunity to get very targeted advertising.

Marketing Tools

Facebook has a range of powerful marketing tools like polls and surveys that you can use relatively cheaply to test your markets before investing too much time and energy into a project. With all the demographic data they have collected they will be set to compete with google as they know everything about all their users likes, dislikes and online habits.

Integration With Other Services

Facebook recently announced what they call facebook connect this allows users to link all their social media activities together sites like Digg . For more info check out this recent article on techcrunch . In the future they will all flow seamlessly together and your friends will follow you regardless of what site you are on. This will really unleash the full power of Web 3.0 and will make the internet a much more Tribal place. Knowing this smart marketers and business people will be positioning themselves to serve these communities not as an outsider looking in but as a full member and participant. This forces even greater transparency and also a higher quality of service. Poor products and bad services will quickly be exposed because of the power of word of mouth. Scammers and con artists can also quickly be excluded from these types of networks. The Cream will naturally rise to the top and peoples identities will be more determined by the communities and tribes that they belong to.

Power structures will Change

As facebook matures the structures of power will change. People who are within your network are not all equal in the strictest sense. Those people who have popularity, or large networks and groups have a much greater viral visibility and influence. Their messages, thoughts and Ideas will spread further because they have the structures in place to do this. With so much information available the normal person will pick a few people to follow who will act as their filters. They will follow their recommendations and trust that they will inform them of the latest changes and strategies that they need to adopt and keep them updated with the latest news and gossip. Malcolm Gladwell terms these people Connectors, Mavens and Salespeople in his excellent book the tipping point.I will be exploring these concepts in much more detail in a later post.

Facebook is clearly going to be a major player in the social media world of the future. There are huge opportunities available to those who know how to take advantage of them.

I would appreciate your comments and your views about any other opportunites and potentials that I have ommited in relation to the future of Facebook. Participation is an integral part of social media so feel free to add your voice.

Part 1 - Strengths

Part 2 - Weaknesses

Part 3 - Opportunities

Part 4 - Threats

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1 comment:

Moira said...

Love the idea of specifying/designing a landing page. Also, why can't I arrange my Boxes to my liking?