Can Retailers Strike Gold on Facebook?

According to Foresee… yes. Foresee is releasing some findings on some retail statistics associated with Facebook today. Here are some of their findings:

I disagree that “Facebook is, by far, the best place to reach shoppers.” I think this could have been better written, “Facebook is, by far, the leader in influenced social networking and the largest social network to date. As a result, retail sales based on influence do well there.” With 175 million active users, no doubt that Facebook has a large percentage of shoppers. That’s like saying, “People who drive cars are highly likely to purchase gas each month.” 🙂

In my opinion, the best way to reach shoppers is, hands down, search engines at the moment. I don’t go to Facebook to research my next purpose and my intent is never to purchase on Facebook. However, when my intent is to purchase – I often hit the search engines.

That said, I’m not discounting the opportunity for businesses to connect with consumers on Facebook. On the contrary, this Media Report proves that consumers want to connect with retailers via social media.

I’ve said before that social media is an amplifier for businesses online. Facebook is a big amplifier! The interconnectivity of it’s members and the ability to share purchase decisions, is, of course a great opportunity. Especially if you have a process in place to connect and make offerings to those members.

Exit mobile version