Is Facebook Now Pay To Play?
As Facebook continues to grow as both a marketing platform and a business, marketers increasingly begin to look at Facebook as a Pay to Play model.
However, as with many things in this world, it’s not that simplistic.
Facebook has evolved past being just a social network with a massive audience that was a wide-open opportunity to reach unprecedented numbers of potential customers.
Facebook is still that place, however it now takes more than just showing up to take advantage of the marketplace.
The Old Strategy
The strategies of old, enabled a marketer to acquire fans and publish industry relevant content that would reach a fair amount of their fans. Facebook has evolved immensely from this outdated strategy.
Marketers must now spend time and money into developing unique and engaging content that translates well into the social space. In the event that a particular piece of content begins to receive a fair amount of traction, it is advised to amplify it with paid media. This is the new game.
The New Strategy
The new game involves an element of “Paying to Play”, however it is a far from an exclusive relationship.
Doing cool shit will only reach so far, but the reach can be extensive and immensely valuable. If that organic reach doesn’t satisfy the brand, investing in paid media is the answer to achieve any number you’d like.
It’s up to the brand to justify the ROI. Facebook is essentially becoming a crowded space, to get to the top you’ll need to do it better than anyone else or pay your way to the top, just like most forms of marketing.
This Was Inevitable
This “new” practice is not much different from many other forms of marketing. The challenge has shifted from one simply showing up to the marketplace to doing something better than anyone else. The brands that invest the time and energy in creating interesting content, will succeed. The brands that continue to push industry relevant content just for the sake of pushing content, will become extinct in the social space.
Look at the blogging industry.
Is blogging dead? No.
Are the days of creating a blog and publishing articles just to publish articles dead? Yes.
The blogging space demands that blogs are contributing real value to the ecosystem. This is the new Facebook.
There was a time and a place that creating a blog with a handful of articles published regularly drove results, however as the space became crowded this tactic no longer cuts it. Many blogs quickly died and many entrepreneurs’ dreams to make a quick easy million being a blogger were over just as quick.
We’re at a similar crossroad within the Facebook marketing space. The industry is cutting the fat, dreamers are being separated from innovators, it’s time to step up and contribute in a meaningful way to the industry.
Facebook is Pay to Play, only if you need it.Social Fresh EAST 2014 is July 16-18 in Orlando. Featured speakers: Spotify, Yahoo, Logitech, Dunkin Donuts, PGA Tour, JetBlue >> Reserve your ticket now.