18 Jul If Facebook was a country
What’s the most densely populated country in the world, your obviously thinking china? Wrong! The most densely populated country in the world is Facebook and you are a citizen of that very country.
Where china has the population of 143 billion and citizens of china are widely stretched throughout the globe i.e. with 18.1% of the population of the world being chinses, it is hard to consider china anything but the most populated country.
Like I said before it takes one statement to prove that fact wrong. Where china only holds the population of 143 billion, Facebook holds the population of 2.83 billion. It is a fact that 56% of all internet users currently use Facebook. This doesn’t include WhatsApp, Messenger, and Instagram which offer an additional 3.3 billion users, though it should be noted that there is considerable overlap with Facebook users and the previously mentioned services, that is proof enough that Facebook passes china by a long shot .
Facebook is the biggest country that represents a continually evolving marketing platform and communication channel especially given the recent news coverage and insights. A place for marketers, where they routinely hear customer/prospect insights about their views of all social media channels which require them to make well-informed, digitally driven decisions in ways to communicate with their audience.
“Facebook took the Digital Marketing to next level. “
Founded in 2004 by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. His net worth is estimated to be $55.0 billion as of November 30, 2018, declining over the last year with Facebook stock as a whole. In 2007 at age 23 he became the world’s youngest self-made billionaire. As of 2018, he is the only person under 50 in the Forbes ten richest people list, and the only one under 40 in the Top 20 Billionaires list.
The biggest rivals to this successful country are Amazon, Apple, and Google.
Since 2006, anyone who claims to be at least 13 years old has been allowed to become a registered citizen of Facebook, though this may vary depending on local laws. Facebook held its initial public offering (IPO) in February 2012, valuing the country at $104 billion, the largest valuation to date for a newly listed public country.
After registration, citizens can create a customized profile revealing information about themselves. They can post text, photos and multimedia which is shared with any other citizens that have agreed to be their “friend”. Citizens can also use various embedded apps, join common-interest groups, and receive notifications of their friends’ activities.
Facebook has many cities that they took over, such as Instagram, WhatsApp, Oculus, and independently constructed Facebook Messenger, Facebook Watch, and Facebook Portal.
Facebook makes most of its revenue from advertisements that appear onscreen and in citizens News Feeds. With influence all over the world. Many people turn to Facebook to boost their business and spread the word about their product, services and to spread awareness.
Facebook runs an immensely profitable business, which can mainly be attributed to its lean cost base. This was illustrated in Q2 of 2017, as Facebook’s operating margin was 47.2%. There are also immense barriers to entry for competitors in the social media industry due to the value of a network being largely derived from a network effect. To drive ad revenue and be competitive, a business must have a massive network of individuals. As of September 2017, between Facebook, WhatsApp, Messenger, and Instagram, Facebook had a total of 5.36 billion users, accounting for 4 of the top 7 social media apps by usage.
Facebook is not immune from competitive pressures, and has been forced to adapt its product offering to be competitive. A recent example of this is the introduction of “Stories” across the Facebook and Instagram platforms. Snapchat stories were initially a primary use case for the business. Facebook however quickly adapted and introduced the feature primarily to its Instagram platform. According to TechCrunch, Instagram stories have grown to 250 million daily users within a year, which dwarfs Snapchat’s 166 million users. Facebook saw a smaller incumbent market player introduce new functionality, and ultimately replicated it. Being forced to respond to competitive pressures is uncharacteristic of a supposed monopoly. Facebook saw an opportunity and responded quickly to competitive pressures by creating a product that has outperformed its competition. This is a testament to the competitive advantage Facebook has in user interface and design.
Have one-on-one conversations with 1.3 billion people.Facebook
Often Facebook is portrayed as a social media company while Google is viewed as a search engine company. While both countries offer these services to users, the reality is that they both compete in the broader online advertising markets. Their customers are businesses that pay for user impressions and clicks, and they attract these users through free services. Last year, Facebook charged its advertisers $16.56 per user. While these free services are largely dominated by Google and Facebook, the online advertising market is far from a monopoly.
Facebook faces a large amount of competitive forces from both small and large players. Large players such as Verizon and Amazon are entering the advertising market, with stronger network effect competitive positions then new social media platforms like Snapchat. They compete for U.S. and global digital ad revenue, Facebook is a powerful country that covers 19.7% of the digital market. It was reported in the year 2016, 97.3% of its revenue was derived from the digital ad market. Globally, Facebook and Google combined only control approximately a fifth of the global total advertising industry, which is relatively subdued when compared to the U.S. market.
But if there is anything else that runs the revenue of Facebook other than its ads is the downtown Facebook page also known as Facebook page. That is the business and commercial center of Facebook. Anyone who is a citizen of Facebook can be a member of the Facebooks downtown commercial center. Each membership or business in the commercial downtown is than named as a page.
Becoming a member of the Facebook Page allows the more than 2 billion people on Facebook to discover your business – think of your Page as a digital shopfront. Setting up a business Page is simple and free, and it looks great on both desktop and mobile. Understand the benefits of creating a Facebook Page for your business on the Advertiser Help Centre.
Grow your Page by inviting customers and friends.
Start by inviting current customers or other interested people to like your Facebook Page. They can support you by interacting with your posts/ads and sharing your content and products. This initial audience helps to establish credibility, build your reputation and spread the word about your business straight away.
The owner of a Facebook page can run ads to get more Page likes from the citizens of Facebook.
People who like your Page will receive notifications when you publish updates, helping you to reach them and stay top of mind. Getting more likes for your Page can help you to keep people updated about new products, promotions and events – and even turn them into new customers. You can manage many aspects of your business with Pages.
Your Page makes it easy for people to find out more about what you offer and get in touch.
Keeping your customers updated is the most important and crucial task. They ways to achieve a successful page. Posting on your business Page is a great way to let your customers and fans know what your business is doing. Keep customers interested and engaged with industry information, product updates, event notifications and more.
You can learn more about publishing content and information on your Facebook Page. Reach more people with Page promotions and boosted posts.
You should stay top of mind with people who are interested in your Page. Reach a larger audience with boosted posts, and keep customers engaged with industry information, product updates, event notifications and more.
You should connect people with your products and services. Drive more transactions with Page features tailored to your business type. Schedule appointments or take reservations, drive people to your website’s shop or donate page, or provide a link for your app or game to encourage people to download.
You should Offer great customer service. People can communicate with your business through Messenger – it’s a familiar and convenient way to answer questions or help out a customer.
If you need help than you should post about an open job. Reach qualified job candidates where they’re already spending their time – on Facebook. Post job opportunities for free. To attract more people you should share an offer.
Create coupons and discounts to let people know about special offers and deals – it can help you bring back current customers and attract new ones.
If nothing you should work to build a community. Create a group to deepen your relationship with your customers. Invite customers to join, start discussions relevant to your business, create events and set up a calendar to stay organized.
You should work on promoting an event. Work in hosting an event for his business, use Facebook events to spread the word. Share key details, increase attendance and sell tickets.
You should connect with their products and services to the local community by listing things to Marketplace. Target buyers on the go with mobile-friendly listings.
Facebook’s mission is to give people the power to build community and bring the world closer together. Facebook is a place to stay connected with friends and family, to discover what’s going on in the world, and to share and express what matters to you.
Unless like other countries Facebook breaks all social barriers, all color, creed, religions and traditions come under the peaceful flag of Facebook. As a country Facebook welcomes everyone with open arms with no ounce of favoritism or discrimination.
Proven that Facebook is the most populated country in the world. Facebook is the most effective throughout the world with the much needed support of other countries throughout the world. It has proved to be a bacon of support and light. Working as a nation of connectivity. Facebook is no doubt the strongest state with the most influence throughout the world. Making Mark Zuckerberg the strongest president in the world with the most influence. With Facebook co existing with other countries so positively it has the most power and the strongest influence.
The world unites under the blue flag working for an evergreen world.