CTAM in NY: Harvard's Piskorski: Marketers Are Using Facebook Wrong - Broadcasting & Cable

CTAM in NY: Harvard's Piskorski: Marketers Are Using Facebook Wrong

Key is to integrate into the social net giant beyond posting ads, setting up fan pages
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The
online world allows for interaction that would not be as easy in the
"offline" world, yet most marketers have no idea how to effectively use
it.

That
was according to Misiek Piskorski, associate professor of business
administration at Harvard Business School during the "Unconventional
Social Media" session at CTAM in NY Wednesday.

"At
some fundamental level, it's really interesting to see what other
people are doing... but in the offline world, it's [a bit] awkward to
ask," said Piskorski. "It would be really strange if I asked [a random
person], ‘What did you do last Saturday, can I see pictures?'"

It's
that type of interaction that Facebook allows, but he argues that
marketers miss out because they think that setting up fan pages or
simply posting ads on the side will do the trick.

Piskorski
argues that ads on the side of Facebook pages don't work because people
that's not what people are there for. Piskorski said that 70% of
Facebook activity is spent "stalking" people (reading status updates,
looking at pictures etc.) and don't want to leave the site for an ad.

Facebook
pages don't work either because -- as in the case of Best Buy -- their
wall was used mainly for complaints. "People know you can't really be
‘friends' with a company," said Piskorski.

Piskorki
says that marketers need to tap into the social component of Facebook.
He said that companies need to "actively think about ways you can
connect people to eachother."

One
such company that Piskorski says should be the standard for effectively
using Facebook is Zynga, a social network game developer. One of their
more popular games, CityVille, allows for each user to build their own
online city within Facebook, which can be shared and "visited" by their
Facebook friends. The point Piskorski made was that they key component
to this game is that to succeed the user has to interact with other
Facebook users who play the game (20 million people play every day).

Ebay
is one of the few companies, as Piskorski noted, that have tapped into
the true value of Facebook, by allowing "group" purchases. Users who are
signed up can post on their wall that they are trying to buy a
particularly expensive item and can ask their Facebook friends (or
anyone who can see their profile), to "pitch in" and help pay for the
item.
"The
online world really helps us to step in and achieve these very simple
tasks that effect a lot of people and very interesting," said Piskorski.

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