Developing Useful Facebook Applications
As you’re probably well-aware, Facebook recently launched their new application platform at the f8 Keynote. This platform allows third party developers to create “applications” or widgets within the social graph that Facebook has built and query user data that can then be incorporated into said application. This is an amazing opportunity for businesses to gain access to a wealth of information about their consumers. And Facebook doesn’t stop at merely creating and pulling data from their social graph. Facebook is allowing and encouraging people to build applications, in which, users can complete monetary transactions directly within the Facebook platform. The idea is that if a user never has to leave to visit a third party website, then the conversion rate for people who actually purchase a product will be greater. What’s more, is that Facebook allows you to run advertising on your application’s canvas page and you keep any and all revenue generated by that ad. For the complete keynote speech by Facebook founder and CEO Mark Zuckerberg, click here.
So, what does this mean? It means that the days of building a customer base for your product from scratch are over. By utilizing the power of the social graph that Facebook has created, you can essentially launch your product via a Facebook application and experience exponential growth and brand awareness almost instantaneously. This platform opens Facebook up to the entire internet and means the possibilities are endless.
I recently signed on as a marketing consultant for Less Networks and we are currently designing a Facebook application that will take Less Network’s existing social network and incorporate it into the Facebook platform. Once complete, with the ease of sharing information on Facebook, we expect to see large growth in the brand awareness and use of Less Networks’ services. But, we’re just scratching the surface. In theory, you could fully integrate your website within Facebook’s platform and create a completely new business model around converting Facebook members into customers. As long as you are offering something of value in your applications, your brand awareness will grow exponentially for a fraction of what it might cost to drive traffic to your company’s website.
Here are a few applications that I’d like to see on Facebook:
- Location-Based Happy Hour Search Engine. This application pulls your location from your profile and displays the best Happy Hour specials in your area from its database. It then allows you to select and share with your friends, which happy hour you’ll be attending. This could be a great tool for someone to build ad revenue from restaurants and bars within your database.
- Anywhere, USA. This application is sponsored by a car company or dealership. Two candidates are given a car/truck/van. The application would create a starting point at Anywhere, USA (Location 1). Facebook users would then be able to pick from a long list of places around the country within a 12-hour drive time from Location 1. Our two candidates will then drive to the most popular location each day and chronicle the adventure as they travel in their sponsored car. For six months, users would be able to control where the two candidates drive to in America and get to see pictures, blogs, audio and video from the road. Of course, this would all tie in to the fact that they were traveling in the sponsors’ vehicle.
- I’m a Screenwriter. This application allows Facebook users to contribute to an ever-changing motion picture screenplay. Users help develop characters and character arcs with the help of several moderators and then help write each scene. Setup similar to a Wiki, the script is sculpted and written by Facebook users over the course of a year. Users are able to post quotes on their profile, along with other elements from the script, but anyone is invited to contribute to the script. Upon completion 365 days later, the script will go into production with credit to 1 Million-plus Facebook writers. The same formula could be applied to creating a commercial campaign, written by the Facebook community.
So, like I said, the possibilities are endless. What kind of Facebook application would you develop to promote your company?
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