People Discover New Businesses on Facebook More Than Any Other Channel

People Discover New Businesses on Facebook More Than Any Other Channel
52% of U.S. customers discovered new businesses on Facebook in the past year, according to our recent survey. What does that mean for you?
by Colleen Egan Feb 23, 2018 — 4 min read
People Discover New Businesses on Facebook More Than Any Other Channel

Facebook has evolved from a social network used for catching up with old school friends and posting photos of your dinner to a powerful marketing and retention tool for businesses. But what companies may not realise is that Facebook is also the number one place where people discover new businesses.

In our recent survey of 1,800 US consumers, 52% percent had discovered new businesses on Facebook in the past year. It came in ahead of Google Reviews (43%) as the channel used by the most consumers, and outpaced traditional media like local newspapers (14%) and magazines (11%).

When it comes to Facebook’s audience, the survey found that 56% of women and 45% of men use the social network. 70% of millennials use Facebook for discovery, which is more than any other group, including xennials (the generation between millennials and Gen X, who rely more on Yelp) and consumers aged fifty-three and older, who are more likely to discover new businesses through local newspapers.

Get your business discovered on Facebook

By now, most companies with a Facebook presence know that the social network is a useful tool for sharing information, posting photos and responding to questions and feedback from existing customers. But you may not have realised how powerful the platform is as a discovery tool (Facebook did know — hence the recommendation feature they launched last year).

With this knowledge, you can adjust your approach to Facebook so that you engage not only your current customers but potential ones. Here are a few tips to start:

  1. Be visible in searches.
    Make it easier for people to find your Facebook page by adding a category and description.
  2. Don’t hold back on detail.
    Our survey respondents said they’d expect to find customer reviews, contact details and photos on a business’ social profile. If you run a restaurant, they’d also want to see a menu. If you run a salon, give a breakdown of the services and costs. And whatever kind of business you run, don’t forget to add photos.
  3. Post original content.
    Because of changes to Facebook’s algorithm, the Newsfeed favours content that a user’s friends and family have actively engaged with — things they’ve reacted to, commented on or shared. So think about posting unique content that will elicit some kind of action from your followers. This will give you the best chance of reaching prospective customers.
  4. Encourage others to post about your business.
    You should encourage customers to share their experiences of your business and tag your page in their posts. You can do this through a campaign or a contest, or by making your space photo-worthy — think statement art pieces, beautiful crockery (if you’re a restaurant) or a flashy bar — and encourage people to snap and share away.
  5. Respond to comments.
    The actions of friends and family take precedence in the Newsfeed, so if someone comments on your page it’s good to respond in a timely way. Whether in response to something positive or negative, prospective customers will see that you’re attentive and passionate about customer service. Your response can actually help to stem the impact of a negative comment — hugely important to the way you’re perceived.
  6. Invest a little money.
    One way to make sure your message reaches the right group of prospective customers is to invest in Facebook ads. You can boost an existing post or create an ad (there are different formats to suit your goals). You can target your audience based on categories like age, location and interests.

Making your business more discoverable online

Of course, Facebook isn’t the only place that people discover businesses. To ensure you’re reaching a wide audience, check these things off your list as well:

 

Want to see more of the survey results? Download our Retail Playbook: Finding and Winning New Customers.

Colleen Egan
Colleen writes for Square, where she covers everything from how aspiring entrepreneurs can turn their passion into a career to the best marketing strategies for small businesses who are ready to take their enterprise to the next level.

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