Trust – Making Facebook and the World a Better Place
Posted by Joe Cannon
Marketers have always been excited about the idea of turning consumers into powerful Promotion tools for their brands — but fostering word-of-mouth isn’t easy. Now Facebook is hoping they have a strategy that makes it easy for consumers and marketers to work together to promote brands and products we “like” (as in pressing the “Like” button on Facebook).
No one is quite sure where this is going, but many consumers are already clicking the Facebook “Like” button on their favorite brands — or maybe mentioning in a post a recent purchase of the brand. Now it seems that Facebook will mention this ads targeting that customer’s friends. So for example, if I “Like” a brand like Ikea on my Facebook page, an ad could appear on my friends pages that mentions “Joe (and perhaps more of their friends) Likes Ikea.” In theory, knowing that Joe likes Ikea may make the store more appealing to my friends. This short article at Fast Company suggest that Facebook’s sponsored stories work – see “Facebook Sponsored Stories Performing 2 Times Better Than Standard Ads” (July 15, 2011).
Why could it work? Because Facebook users are trusting people. There is evidence that social networks foster trust. You can read more about it in another Fast Company article, “Digital Oxytocin: How Trust Keeps Facebook, Twitter Humming” (July 18, 2011).
These short articles epitomize one of the original motivations for Teach the 4 Ps – how can we keep our customers up-to-date when books only publish every few years. So many new things are happening in marketing — so the blog is designed, in part, to help you stay current. Also posted at Learn the 4 Ps.



