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It's also very good to be on Twitter. Twitter has the potential to drive traffic, a la Jason Calacanis. (It probably won't drive traffic for most folks, however.) If your goal is to drive traffic, Facebook may not be for you. But it never hurts to have one.
You can check mine out here.
One word of advice: If you're going to have a Facebook page, you must interact with your fans!
i would say these types of social networking endeavours present a certain transparency to a company that could possibly be good.
The Idearc portion of the company (the interactive/online side) has been having severe problems since 2005-06. Stock has gone from $38 to $4. As of June 2nd, they even appointed a new CEO - Scott W. Klein.
There are already multiple "Verizon Sucks" types of sites on the net. Facebook having one or more is just another sign of dwindling times.
As a phone and directory company, Verizon/Idearc is not prepared to handle the high-speed change and evolution of media. Unfortunately- they have done the only thing they can do, jump on Facebook and hope the lifeboat keeps them afloat.
Verizon just doesn't have the brand appeal that would engage AND convince subscribers to add another online social community to his or her already bloated list.
There are very few companies that I can think of, off the top of my head, that command this kind of devotion and attention: Apple is definitely one of them.
That said, Verizon can take this as a prime opportunity to begin re-crafting their brand to appeal to a more younger, yet highly sociable and influential market segment.
This move to Facebook Pages should mark the beginning of their strategy -- not the end of it. A previous commenter also stated that social networks are fads that are destined to fade into the digital dust as time goes on.
Well, even if that was true, it still makes sense to leverage that "fad" and take advantage of it while it still commands attention and attracts potential customers.
Myspace and Facebook's being around 5, 10, or 20 years from now is as relevant to the discussion as my shoe size is to Oprah Winfrey's sexual prowess.
There are other innovative ways to incorporate a social platform that far exceeds facebook, myspace and other social networks. It is all about connecting the influencers to your brand and get them talking. If you don't have any good gossip for them to spread you are at a standstill.
That said, Facebook is easy for brands, what isn't so easy is offering a relevant reason to return. Give people something to do, make it interesting, and they'll do it. Your reward will be fans will like you more for making the experience worthwhile. It can be copied, but not if it's relevant to the brand (a hard proposition, I know).
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Verizon clearly has a grand opportunity to realize they can use the SN's as a Kungfu for their brand but its not about direct marketing but linking with the right people to do WOM which by far is the best way to leverage SN's for brands. Getting the right conversation started is not easy at all in our view because most brands have no clue who is on the social networks, what are they into and who is most connected to their brand.
I agree with the Email lists since SNs are very limiting to target notifications, however, brands can expand their reach via Social Network Intelligence.