Monday, February 27, 2023

Week 5 Part B: Learning about FaceBook Data Collecting

Reach and Engagement are two of the most prominent metrics of Facebook Insights.

Reach will show how well a company is making their products known and how successfully it is getting their posts into people’s newsfeeds. This is a great metric to consider if the company is trying to increase the number of fans or want a certain post to be seen by its followers. This is a good metric if the company wants to promote brand awareness. More people will get to know the name of its product, for example. Apparently, gaining organic reach has been significantly harder in recent years due to algorithm changes with Facebook’s news feed, so if the company wants to grow reach, it is worth exploring paid campaigns.

Engagement metrics are important to consider if the company is trying to build a relationship with their customers, increase their loyalty to the business, or measure customers’ intent to take an action, like purchasing your product. This is measured by the number of interactions made with the company’s posts – how many views, clicks, comments, likes, and shares it gets. Good engagement rate definitely leads to more exposure.

However, Reach and Engagement are not automatically related. High reach does not necessarily mean that engagement is high as well – it is possible to have high reach with low engagement and vice versa. Measuring engagement is primarily based on how compelling the post is to the target audience. And with higher engagement comes higher visibility for posts. It seems that in the majority of the cases, engagement produces higher rewards. This is because the Facebook algorithms favor content creation. Thus, a post that has a long thread of replies is more likely to be placed higher than one with two likes. Each reply is considered additional content, which means a virtuous cycle of likes, replies and shares. It may be worth creating content that has low reach but high engagement.

Based on my online research, Facebook Insights provides a unique opportunity for businesses to know more about their audience’s habits, as well as where they are from and what kind of lifestyle they lead. Facebook Insights is a powerful tool that can better service customers, but entrepreneurs must know what they are looking at in order to make sense of the data available.

Companies can learn more about users who took actions on their pages. It gives data on people who visit pages broken down by their age, gender, city, country, device and interests. It will also tell their activities on each page, such as likes and comments. It allows reaching ultra-specific customers by narrowing down the audience by demographics and psycographics. For example, instead of targeting everyone on Facebook, someone can be ultra-specific to the point of targeting “20-45-year-old married woman living in the U.S. who are interested in healthy food nutrition“.

It helps identify the content that customers like. It will show how different content on Facebook is resonating with the audience and how to identify the right topics and trends the audience wants. This information is useful for planning future content. For example, if the customer prefers video content and it has a higher reach and engagement on the company’s page, then future content investments should be more on video creation.

 

Note: I have commented on Nicole Lozano’s Artistically Ethereal Facebook page. No other member of my group has created a Facebook page as of this time. 

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