United States-English

The Digital Mindset Blog

Early Explorations of Facebook’s potential for Marketing

Published 19 June 2007, 12:54 PM

I must admit that I have always considered Facebook as a college focused social network and did not pay much attention to its marketing potential beyond that specific target audience. However a few events and stats caught my attention recently:

Facebook’s is expanding rapidly in corporate social and knowledge networks. According to Rahul, CTO of our gaming business, the HP Facebook network grew from 2000 people to over 3300 in May 07 alone!! One of the reasons are the great crowdsourcing features included in the Facebook platform – you can form special interest groups (I was recently invited to become part of HP’s gaming group reserved to HP employees only) and ask questions to your groups. I was interested by Loic Le Meur’s use of his Facebook network as a virtual advisory board.

I have been very impressed by Facebook’s viral features, which allow you to build up your network very quickly and tap into your friends’ knowledge. For example, Facebooks’ excellent news feed allows to track on one page all the actions that your friends are taking and for example discover new friends, networks or applications, adding to the viral effect.

According to Trend Catching, Facebook has 25m users, growing 3% per week, which is 100,000 new users per day, projected to reach 50m by end of 2007. The fastest growing demographic is the 25 and over age group and 50% of registered users come back to the site every day. 1 bn photos are hosted on the site, 6m uploaded each day, 70k photos served per second, making facebook the biggest photo sharing site on the web.

Facebook’s new developer platform is promising. Facebook recently opened up its platform to third party developers, allowing all types of information and applications to be disseminated through your friends. I am following with great interest some of the more marketing oriented third party applications such as Red Bull’s Roshambull, an online version of “rock, paper, scissors” (also known as “Roshambo”) that you can add to your Facebook profile. You can also check your friend’s stats to see if he/she chooses rock more often! According to Craig Kohtz, 20000 users downloaded the application in the first days.

We are in the very early days, but I will keep an eye on Facebook’s developments. Let me know what you think and join me as a friend on Facebook!

Technorati tags: Hewlett Packard, hp, Eric Kintz, marketing, facebook, viral marketing

Posted By Eric Kintz | 8 Comments | Trackbacks | Permalink
Filed under: , ,


Comments

Hi Eric. I'm President of AIIM (association for doc mgmt, content mgmt, records mgmt. We've also been exploring this venue -- much to the chagrin of my daughter (see this link ... http://aiim.typepad.com/aiim_blog/2007/06/my_daughter_is_.html -- There are some others of us looking at this as well...
# Tuesday, June 19, 2007 05:29 PM by jmancini77
Hey Eric, Great post— right on as to the power of the platform. In fact we're in the process of launching the first (or at least what I think is the first) HP facebook app here at Tabblo. It's a tool for adding comic bubbles to your photos. We'll likely get it out by the EOW so make sure to check it out if you're curious about it. BTW, tt's been a pleasure to work on— the FB guys have really done a nice job.
# Wednesday, June 20, 2007 04:12 PM by antonio@tabblo.com
Eric, I know your post was written back on June 19 so I am not sure if you saw last weeks article in the Wall Street Journal entitled "Facebook Gets Help From Its Friends". The link to this free article can be found here: http://online.wsj.com/article/SB118247666672544310.html?mod=psp_free_today.
# Wednesday, June 27, 2007 05:58 PM by sheparsm
Great article, thanks for sharing- Eric
# Wednesday, June 27, 2007 06:29 PM by Eric Kintz
Eric, I wonder if the college kids are starting to feel cramped and "invaded" by all the business usage. I have heard more than one parent say that their teen is not at all happy that their mom or dad is "in their space."
# Wednesday, July 04, 2007 03:52 PM by DrewMcLellan
Welcome Drew and congrats for 2000 comments on your blog, very impressive. I agree with you, I have been thinking the same thing. It's going to be interesting to watch how Facebook can avoid alienating its college core crowd while expanding in the corporate world. Eric
# Wednesday, July 04, 2007 08:51 PM by Eric Kintz
Thanks for the kudos. I'm very lucky to have such opinionated, chatty readers! We talk a lot about niche marketing and this is really an evolution of that discussion. They started out very small and focused but now, powers that be have expanded their marketplace. I wonder if they had a strategy for dealing with that or if they'll just need to scramble and create one. Drew
# Thursday, July 05, 2007 04:38 PM by DrewMcLellan
First, in the interest of transparency, Facebook is a client of mine, but I'm deligthed with the collaborative features that Facebook offers thru its third party developers. Getting to vote on favorite books, sharing info, is SO much easier than on other sites it makes me wonder what will happen to the rest of them
# Thursday, July 12, 2007 02:56 PM by kdpaine@kdpaine.com

Leave a Comment

(required)  
(optional)
(required)  


Type the digits above:
Information disclosed in this community becomes public. Exercise caution when deciding to disclose your personal information. HP reserves the right, but is not obligated to, edit or remove your comment if it contains personally identifiable information or other content HP deems unacceptable.  Opinions expressed are your personal opinions or those of the original authors, and not of HP. Please see HP's web Terms of Use for more details.