June 01, 2010

How Much Is YOUR Facebook Page Worth?

A question Social Media Management Company, Vitrue, raised by creating a Social Page Evaluator, a tool designed to “provide an assessment of a brand’s Facebook Page value and the effectiveness of its social media efforts.” According to Vitrue, Starbuck’s has an annual page value of $20.7 million. The basic calculation starts by assigning a value (a conservative default of $5) to each “like”, but also takes into account the number of posts and the number of interactions. A smaller fan base can earn more than a larger one if the brand uses Facebook to its full potential. Skittles pot of gold, for example, has 1 million fewer connections than beverage giant Coke but is valued higher because of a greater frequency of posts. Can a Brand go too far? Absolutely. With 147 posts in the last month, ESPN has maxed out their page value at $4.8 million. To maximize page value, Vitrue suggests brands post up to twice per day, post photos and videos, and use Facebook tools like the “share” button.

So who do you “like”? What brands have you “shared” recently? Are you doing your part to contribute to the how much your favorite brand is worth?

Contributed by: Allison Jobes

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