Just how big is Facebook and why should you use social media to help brand your business? Facebook now reaches over 500,000,000 users per month!More and more people comment about their experiences via social media. The ever important 'word of mouth’ has now become ‘world of mouth".
The popularity and ease of use of social media sites such as Facebook has translated from personal to business, allowing companies to start their own Facebook ‘Fan’ pages. When a user ‘likes’ a particular business, they now receive updates each time the company changes their status, just like you would from the friends on your Facebook page.
In a recent Nielson poll the study found that Americans spend nearly ¼ of their time online on social networking sites, up from 15.8% just a year ago (a 43% increase). To put this into perspective, here are some amazing facts:
If Facebook were a nation it would be the third largest in the world after China and India. It took radio 38 years to reach 50,000,000 listeners and it took Television over 13 years to reach that mark; Facebook added 100,000,000 users in 9 months. 96% of all Gen Y have joined a social network. Not too concerned because your consumer is ‘older’? Take note of the fact that the fastest growing demographic segment on Facebook is 55-65 year old females.
Recent studies have been trying to quantify the value of a ‘fan’, in terms of real dollars. The results range from $1.60 to $3.60. These results do show that a ‘fan’ of your business will be more likely to purchase from you, and more importantly, has a greater likelihood of referring you to someone else.
If you're not convinced yet that Facebook, which is free, can help your business. Consider this: An average Facebook user has 130 friends – so do the math. If you reach 1,000 fans you actually have the potential to reach 130,000 people each time you send an update.
If you still aren’t sure how to leverage this technology, Creative Juice social media experts can help. Be a fan on Facebook and win new business!

The other great thing about getting out is that you can learn from promotions that others are running. From a retail perspective, you'd be amazed at simple marketing tips that go a long way. Putting the milk in the back of the store, offering a coupon, or a loyalty card. By visiting retailers you can even learn about integrated marketing promotions as consumers redeem coupons they received through email or online.


