Saturday, April 21, 2012

Facebook, take credit for what you do!


Facebook - THE Social Network. It's used by 800 million+ people regularly. So regularly, that there are people who check Facebook first thing when they wake up, before they go to be and, yes, sometimes in the middle of the night! Facebook has made us realise and amplify our need to be social and remain connected. They have done this so well that its market value is around 100 billion dollars!

But I read an Interbrand article the other day that made me realise, that while Facebook satisfies people's connections today, this perfectly seamless utility isn't taking credit for the role it plays in people's lives.  You see, Facebook is continually inventing ways to make our lives better through sharing, connecting, etc., and while we use and benefit from these services daily, if not many times a day, we are building loyalty to those features, not the Facebook brand!

Unlike Google, Facebook has yet to give meaning to what they do - giving their brand a higher purpose than providing a utility that, as their homepage says, 'helps you connect and share with the people in your life,'

REALLY?! That can't be simply what Facebook does - it's not!  So I can't help but think after reading this weak role is, why does that matter?

Google helps organise the world's information making it universally accessible and useable - now that's a role. And it's a role, whether explicitly said or not, that allows Google to grow its business in new areas, and taking what's at its core, quick, easy and effective search, to new and exciting business areas (like email, maps, translation, mobile, etc.), while maintaining the trust of its users. After all, user trust is essential because it's our information and eyeballs that's at the heart of both Google and Facebook's revenue generation.

People are more trusting of Google having access to their information than Facebook, because, through its purpose and branded actions on that purpose, people know why Google has/uses your information, and how it benefits us!  

But with Facebook, on the other hand, we aren't explicitly shown in a branded way how its service and the use of our information is benefiting us, nor are we clear why it matters that we're using Facebook. This is opposite to Google, who, when I get to amazing things because of them, make sure I know it's them providing that killer service...thank you Google Maps, etc.

Being an organisation whose users are loyal to its features rather than the brand, as Facebook seems to be at the moment places it in a rather precarious situation. Because, let's be honest, we never know when the next revolutionary thing is about to pop up, and Facebook needs a strong brand to remain competitive.

So, although Facebook is incredible today, and winning because there is a critical mass of people on their site with high switching costs to move to another social network, if they don't articulate a meaningful brand purpose, which is demonstrated by taking credit for the amazing, and free, services they enable, trust in the brand will remain fuzzy and people will remain loyal to the service but not the brand. Additionally, once they establish a far reaching purpose they will be able to evolve the brand over time, with greater credibility, to ensure it's relevancy and revolutionise new areas as it has done with socialising the web.

9 comments:

  1. I like your take on how Facebook's revolution is through spread and features, yet, unlike an Apple for instance, people don't seem to feel a sense of loyalty to the network.

    I also think it's very interesting that Google makes you either request an invite or create a Google Account, where as anyone can sign up for FB without a request. I think that's why Google isn't performing nearly at the level of FB.

    But I ask, because Google seems to have a top brand and loyalty in their field, why don't Google users use + more than FB? Google is clearly top in search engines and most likely mail, but why not networking?

    I think Facebook certainly has vision and a visionary which helps when they sub-consciously developed their "zag." I think this is where you make a great point. Because people are using the network to build their own brands, utilizing all the cool new features to connect with others as the main purpose, they aren't spending time discussing the actual service they are using. Its very much unlike other services out there, because people aren't using other services to build up their own self. They are using them to speak on behalf of the service and join "that" community. This is why social networks could have trouble building "loyalty," which I think is the bigger keyword here than "brand."

    If Facebook wanted to build better loyalty, It might behoove them to create a better community blog about the network itself. Just a thought.

    Nice post!

    ReplyDelete
  2. I have never thought from this prospect about Facebook, but in a way they are actually taking all the credit for what they are doing, but it will be ot long when we will find that we are going to provide revenue with even a small action we perform on a wall and what is that we are going to get in return? a great service from Facebook or updated tools to connect and market your products on facebook! I think you have made me think about lot of things. Thanks for sharing your opinion. I have seen loads of student insurance websites promoting on facebook and spending fortune to get likes, friends, contest entries and it has helped the organisation and facebook.

    ReplyDelete
  3. "People are more trusting of Google having access to their information than Facebook, because, through its purpose and branded actions on that purpose, people know why Google has/uses your information, and how it benefits us!" The main reason why majority of people don't trust Facebook is because of mounting privacy infringement controvercies. Just recently FB announced a new feature “Find Friends Nearby”... even this was questioned due to privacy concerns. Google has been open about how exactly they use the information but FB hasn't. But one thing I do agree is the impact of FB on social, political, cultural and etc. aspects. :) Cheers from Abbie @ webtemplates.com.au

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