Preview

Facebook

Satisfactory Essays
Open Document
Open Document
757 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Facebook
1. Why conduct business on Facebook?

1. The number of user affects the effectiveness of business activity
Facebook is the biggest social networking site in the world, it launched on 2004 and the users has reached 1,000 millions up to now (CrunchBase 2013). It means that for every seven people on the planet have one person to use Facebook. According to All Facebook data, Facebook has taken root in more than 200 countries or regions around the world, the social empire has only 20 users in the Vatican, but in the United States the number of users reached 166 millions and then the number of users is up to 50 millions in 6 years, in the subsequent two years the number has doubled. In the past year, the number of Facebook users grew by nearly 30%, but in some areas such as Brazil, Facebook membership doubled. Thus, so many users, Facebook is a good business platform for most businesses.

1.2 Page views will directly affect a website visibility
For a brand or company’s advertisement, website traffic is very important. It determines how many customers could be contacted. The number of visitors to Facebook is more than the world's largest search site Google (Anurag 2012). In American, Facebook's page views for the whole Internet market one quarter. Facebook occupied 11.98% in all the sum of the site visits, while ranking second in the Google accounted for only 7.7%. Online competitive intelligence service Hitwise did the survey to Facebook, the result showed that in American, there is an access to Facebook in every 11 network access; every 5 pages in a Facebook webpage browsing; the average time of each time the user access to Facebook is around 20 minutes.

3. Spending more time on one site is more likely to promote consumption
Users spend a lot of time in Facebook. The coverage and participation of Facebook’s users continues to increase. At present the average time that user spent in Facebook was 7.5 hours every week. Among them, more than 57% users log on

You May Also Find These Documents Helpful

  • Powerful Essays

    Considering that Facebook is a relatively new organization, it is still leading, building and sustaining performance excellence as it keeps ahead of its hefty competitors such as Google Inc., MySpace Inc., and Twitter Inc. tomention a few. Last year in November 2010, Facebook surpassed Google in “pageviews” and it accounted for 1 in every 4 pageviews in the US (brandchannel.com 2010). Plus as, based on its estimated value of $41 billion, it is the third largest web brand in the US behind Goolgewith$192.9 billion and Amazon at $74.4 billion, also it is important…

    • 3099 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    mgt 409 case analysis

    • 719 Words
    • 2 Pages

    I. Facebook is an online social network company founded in 2004 by Mark Zuckerberg. As one of the most widely used social platform, it allows people from different areas get connected through information exchange. Based on the research, Facebook has 154,828,140 users as of May 2011. Although, Facebook’s big audience has been good enough to keep companies move forward, it does suffer bottleneck in technology development and market occupancy. The strategic issue in this case is how Facebook continues to explore the intersection of technology to meet users’ needs, protect their interests and jump over international market barriers.…

    • 719 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Facebook Case Analysis

    • 1840 Words
    • 8 Pages

    Recently, the social networking sites are getting much more popular on the internet. They are playing a vital role in the way that individuals can easily create their own online profiles, construct their identities and help communicate with each other. Literally, there are many social networking sites worldwide; however, Facebook is the most well-known one since the number of its visitors is significantly increasing. Historically, Facebook was founded almost nine years ago by three undergraduate students of Harvard, Mark Zuckerberg and his two colleges, where it was firstly used by the members who have only ‘.edu’ email addresses. A month later since Facebook had been launched; it was spread very fast where it was used by the majority of Harvard students, then the number of Facebook users increased rapidly after Zuckerberg had left Harvard and move to California in order to make the site expanded more and more (Valenzuela, Park, Kee, 2008). The majority of the individuals who are surfing the internet, spend lots of time on Facebook. They are able to visit their own profiles as well as they can even browse profiles of other people and share interests like photos, games and information (Mikolaj et al., 2011), (Boyd & Ellison, 2007). In this paper, there are a number of questions concerning the Facebook and will be answered.…

    • 1840 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Facebook Case IPO

    • 1218 Words
    • 4 Pages

    Facebook generated its revenues mainly through advertising. Advertising accounted for 98% of Facebook’s revenue in 2009, 95% in 2010 and 85% in 2011. As a real identity networking website, Facebook can match the proper products based on users’ preferences. Facebook provides advertisers the opportunity to target the users based on the users’ demographic information. It owns any information uploaded by users. Facebook records all these information in database, which can be used by advertisers to target specific segments of users (social context). Moreover, Facebook generates money by its payments business from selling virtual goods through online gaming companies. Revenues generated from selling goods in online games increased from $13 million in 2009 to $557 million in 2011 and still has upward trend.…

    • 1218 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    As of October 2012, more than a billion users access the site monthly (Facebook.com, n.d.). Of these users, about 81% live outside the United States and Canada (Facebook.com, n.d.). Facebook contains specialized pages that users can choose to subscribe to and “like” to show their support for varying topics. The population of participants on Facebook include a wide range of people regarding age, ethnicity, and gender.…

    • 1380 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Social Networking

    • 1104 Words
    • 5 Pages

    66% of online Americans use social networking sites today, up from just 20% in 2007. However, what 's notable is that it 's an increasingly additive activity - 43% of people visit multiple times each day.…

    • 1104 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Facebook has now becoming a worldwide social communication tool which has on average 845 million active users every month. Hence, the popularity of Facebook has emerged great amount of firms issuing their advertisements on it.…

    • 301 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Informative Speech

    • 690 Words
    • 3 Pages

    Introduction: According to the Nielsen Company survey back in August 2009 social networking and blogging sites accounted for 17% (about one in every six minutes) of all time spent on the internet. That statistic is three years old, as of today that percentage has increased rapidly due to the almost one billion members on Facebook alone, while Twitter is growing at an increasing rate.…

    • 690 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    Microeconomics Essay

    • 3089 Words
    • 13 Pages

    Nowadays, 1 in every 13 people on earth uses Facebook, more than 900m active users, with over 250 million of them who log in every day. The average user has about 130 friends, but that has expanded in. The core 18-24 year old segment is now growing the fastest at 74% year on year. Almost 72% of all US internet users are on now Facebook, while 70% of the entire user base is located outside of the US.…

    • 3089 Words
    • 13 Pages
    Best Essays
  • Good Essays

    Facebook has proved irresistible to many because we are lured into joining by friends and family. Browsing, reading, comparing and nosing is instinctive, impulsive and reflects our tendencies offline, our "social graph", as Facebook founder Mark Zuckerberg likes to call it. Having executed the social networking business idea better than its rivals – MySpace, Bebo, Friendster and Hi5 have been left for dust – Facebook has seen astonishing growth, from a Harvard dorm project in 2003 to a global phenomenon that had 500 million monthly users by July this year. That's already one in 13 people on Earth, and Zuckerberg recently predicted it was "almost a guarantee" that his site would reach 1 billion users, with growth in relatively untapped markets such as Russia, Japan and Korea "doubling every six months".…

    • 3329 Words
    • 14 Pages
    Good Essays
  • Satisfactory Essays

    Business Facebook Ppt

    • 396 Words
    • 2 Pages

    IN ADDITION FACEBOOK IS ALSO A GOOD BUSINESSS TOOL, AS SO MANY PEOPLE USE IT … IT IS A GREAT FORUM TO SELL YOUR PRODUCTS AND INVESTORS ARE QUICKLY JUMPING ON THIS MASSIVE OPPORTUNITY.…

    • 396 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Fb Stats and Charts

    • 1936 Words
    • 8 Pages

    Everyone is talking about how Facebook can drive traffic, leads and customers to your site. But how much do you really know about Facebook? Who is actually using it, and for what? How can you best optimize your Facebook presence to get the most return on your efforts? By knowing who your audience is on Facebook, you will be able to engage with them more effectively. You can find the best time to reach them and what type of content resonates with them. Read on to see some interesting and surprising statistics about the social media giant we all know and love.…

    • 1936 Words
    • 8 Pages
    Best Essays
  • Good Essays

    Facebook Research Paper

    • 986 Words
    • 4 Pages

    In the 21th century, one of the era in which science and technology evolving, the world economy is becoming globalized, so the connection between the people together is a breakthrough idea. At 19, Mark Zuckerberg came up with a new way for college kids to connect--and started an online revolution. Now 23, he's trying to build out his business without losing its cool. Now, people call his idea is social network and in the world have a lot of social network; however, Facebook (www.facebook.com) and Twitter (www.twitter.com) are the most popular people use to connect each other around the world. Almost people think Mark Zucketberg is stupid when create Facebook because Yahoo (www.yahoo.com) and Hotmail (www.hotmail.com) is the greatest tool for people can chat and email each other. Moreover, Google (www.google.com) is the big company about advertising, email, search tool…So Facebook have a lot of company to competitive on the internet. Today, I will introduce about how Facebook get the money, gradually become the best social network.…

    • 986 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    History of Facebook

    • 437 Words
    • 2 Pages

    In order to have a sustainable business, a company must identify its value drivers, or important factors that determines the value of a business. Many variables are important, and play a key role in the success of Facebook including: its design, localization and broad target market. First, the design of a website is important. If the user interface, or how to edit the contents and looks of the profile are difficult for the average user to understand, it will be harder to keep users active. Next, Facebook is available in over 40 languages, which opens the use to many more users that could not use the social media before. Finally, Facebook prides itself on having a broad target market. It is accessible to the majority of users, unlike LinkedIn who target professionals and Myspace who targets musicians. In addition to value drivers, a comparative advantage is key to being successful over other social networking companies. The innovation and determination of developers to keep expanding and improving the website keeps the users interested, excited what to…

    • 437 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    One of the famous social networking sites today was Facebook . It has features which were useful not just to their users but also to those small and big enterprises who subscribe to this site to get the attention of the people. This site was a trend setter not just in field of communication but also in advertising. Many of the modern aged people consider checking out their liken products in the internet than looking to those previous media form.…

    • 1005 Words
    • 5 Pages
    Good Essays