10 Ways to Leverage Facebook for Startups: Part 1

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10 Ways to Hook Into & Onto Facebook. Part I: Off-Facebook Ryan Spoon: ryanspoon.com Polaris Venture Partners: polaris.vc Dogpatch Labs: dogpatchlabs.com

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10 Ways to Leverage Facebook for Startups: Part 1

Transcript of 10 Ways to Leverage Facebook for Startups: Part 1

Page 1: 10 Ways to Leverage Facebook for Startups: Part 1

10 Ways to Hook Into & Onto Facebook.Part I: Off-Facebook

Ryan Spoon: ryanspoon.comPolaris Venture Partners: polaris.vcDogpatch Labs: dogpatchlabs.com

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Off-Facebook.

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1. Be Strategic

Determine what’s strategic to you.Outsource the rest to Facebook.It’s faster, easier and FB’s probably better at it than you :)

Questions to consider:- what must you own, control for long-term value?- what can you migrate back ‘in-house’ over time?- what are the associated switching costs?

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2. Identity

We think of Facebook as a social network. Of course!But Facebook has become the web’s identity platform.

From user registration to verification to user data.Consider impact on:Activation: registration & conversion.Activity: prepopulate data, share virally, etc.Acquisition: these both have impacts on paid and viral marketing efforts.And Platform: relevant for web, mobile, app, etc.

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2. Identity (examples)

Registration speed & simplicity. Less intimidating, more familiar. Less room for drop off.

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2. Identity (examples)

Identity verification. Imagery & single password. Can’t stress enough the value of not having to create new passwords for each site!

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2. Identity (examples)

Even easier on Mobile. Facebook authentication is even easier on mobile where the FB app is almost universally installed and typing emails & passwords is harder.

One click login / reg Authenticates in background Phone # login > email address

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2. Identity (examples)

Security & Passwords. Zappos breach was a reminder of:1. how difficult password management is.2. how Facebook can assist / play a role.

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3. Progressive Registration

Risk of outsourcing identity is loss of data, control. Benefit is conversion through familiarity, simplicity.

Simple guideline: Each registration field cuts completion rate by 50%.

Middle ground is a ‘progressive registration’:- Use Facebook for basic registration.- Then ask / collect more information as usage evolves.

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3. Progressive Registration (example)This is as simple as possible. Two fields. Prepopulated. Familiar faces. eBay can ask for more data later in the experience.

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3. Progressive Registration (example)

How much of registration flow can be prepopulated?Balance between what you want, what you need and what user is willing to provide.

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4. The Facepile + Likes

Facebook’s Facepile is under utilized.It provides familiarity in new settings. Think of it as a continuation of the Like Button.

Facepile + Likes = better conversions.

You are more likely to visit a restaurant your friend frequents right? Likewise, the Facepile is a friendly recommendation engine for the web.

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4. The Facepile + Likes (example)

“It’s more fun with friends!”I have 889 Facebook friends on Foursquare. Remarkable.

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Doesn’t have to be friends only.

Facepile as concept showcases activity & popularity.

You’re generally more likely to visit the crowded bar than the empty one…

4. The Facepile + Likes (example)

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Think beyond conversions too. Likes can:Drive virality on Facebook. Be used for onsite data / finding.And can be first step of content publishing.

4. The Facepile + Likes (example)

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5. Data & Personalization

Don’t stop at registration and virality.Tailor your experience for each user.

Remember: - this is applicable to new & active users alike!- instantly accessible: geography, birthday, friends, etc.- active users: likes, shares, comments, etc.

General guideline: I will be more compelled & engaged the more relevant to the experience is to me.

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5. Data & Personalization (example)

JibJab uses birthdays & events to drive e-card gifting:

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5. Data & Personalization (example)

Amex Link, Like, Love: Integrated activity & rewards.

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5. Data & Personalization (example)

Washington Post’s Social Reader is a newspaper entirely ‘editorialized’ (curated) by activity of you and your network.

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On-Facebook.Coming tomorrow…