Brands that market their products using Facebook may have a distinct advantage over their competitors: 41% of Facebook users say the primary reason they join a fan page is to let friends know what products they support, and 68% say a positive referral from a Facebook friend makes them more likely to buy a specific product or visit a certain retailer, according to a survey from Michigan-based market research and consulting firm Morpace.
Some 37% of Facebook users cite coupons and discount offers as among the primary reasons they join a fan page, but many join to otherwise engage with a brand: 35% say they want to stay current on new products and 31% want to learn more about the company itself.
"The results show us that Facebook is a tool for retailers to directly communicate with their target market," said Kirsten Denyes, vice-president, retail, for Morpace. "Retailers can offer consumers product information and exclusive coupons and discounts to create viral product buzz among Facebook consumers."
Below, other findings from the Morpace Omnibus Report on Facebook.
When logged into their Facebook account, consumers say they talk about a range of products and services with their friends, including food, restaurant, and grocery stores (38%), technology products (26%), sporting, outdoor, and athletic gear (15%), and children's toys and games (12%).
Broad Consumer Reach
Facebook appeals to a wide variety of people across demographics: 83% of consumers age 18-34 have a Facebook account, as do 61% of those age 35-54 and 48% of those age 55+.
Nearly one-half of consumers surveyed (44%) spend over 15 minutes on Facebook each time they visit: