Work Hard, Work Hard, Work Hard

Work Hard, Work Hard, Work Hard

    Feb 6, 2012

A Final Roundup of Startups in Asia Singapore

A Final Roundup of Startups in Asia Singapore

    Feb 6, 2012

Rumor: Apple’s Siri Will Add Chinese Support Next Month

Rumor: Apple’s Siri Will Add Chinese Support Next Month

    Feb 8, 2012

Bernard Leong on Internet Trends and Entrepreneurship in Southeast Asia

Bernard Leong on Internet Trends and Entrepreneurship in Southeast Asia

    Feb 5, 2012

The Age Of Facebook

facebook_logoWe are now talking about a time whereby your college roommate is going to check if you’re on Facebook even before meeting you to make sure you are not a social outcast.

Has the world decided on their favorite online social site? With 350 million active users, the answer seems to be a “yes”.

Below are the reasons why I think we are in the age of Facebook (at least in the social media horizon).

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1. Facebookers are loyal users

facebook cool

Friendster, MySpace and Facebook. The first two have in chronological order, enjoyed their share of success. And now, Facebook is the new bright and shiny star.

Clearly, it is way ahead of all its direct competitors (or predecessors). Constant learning, innovation and change has offered us the perfect social networking site we have today. The number of Facebook users has significantly raised the barrier of entry.

Facebook helps users build relationships and these relationships are here to stay. In other words, Facebook users are pretty loyal; maybe not to the brand but certainly to the connections they have made on the social site.

2. It makes money

moneyEvery active user counts. Social media thrives through its users. The more time you spend on its site, the more money Facebook makes. Now that’s the essence of a business: to make money. Facebook has proven that it could be self sustainable without affecting its users’ experience too much.

With a huge user base and a reasonably good advertising platform, it provides a perfect channel for marketers to reach their target audience. Facebook advertising data also presents valuable information to advertisers.

Everyone loves it -social users and business people.

Now, how many times have we mentioned Facebook’s  “350 million users” in this blog? More than a couple of times I’m sure. Users are essentially revenue for Facebook. That’s the big deal.

3. They are Ninjas

Facebook’s success is driven by sheer hardwork. This video will do the talking. I’m certainly impressed.

To wrap up, think about what Facebook has provided for you. Does it add value to your life? Or do you think Facebook is becoming too ad-oriented? We would like to hear from you!

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About Willis Wee

Founder of Penn Olson who is also an entrepreneur since 2005. He has had experience in crafting social media strategies for organizations such as Marriott Vacation Club, James Cook University, Reach Singapore and Unilever. Contact him at willis[at]penn-olson[dot]com

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  • http://www.penn-olson.com/2010/04/22/facebook-crushes-its-competitors/ Facebook Crushes Its Competitors | Penn Olson

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