Why 300,000 fans on Facebook could turn out to be worthless

Mark Zuckerberg on stage, talking about engagement.
But just how engaging is Facebook really?
(Image credit: news.cnet.com).

(This blog post was originally published on Maersk Line’s intranet)

By Jonathan Wichmann, Head of Social Media, Maersk Line

People just can’t help themselves. The crowds are cheering. The media is telling the story (even the shipping press). Experts are using it as a best practice case. It’s even in the Mærsk Post.

In short, everyone (almost) I meet tells me how amazing it is.

I’m of course talking about social media.

Of course, I appreciate all this attention and enthusiasm. But we risk missing the point if we focus too hard on the numbers.

Why? Because social media is not just about being popular and getting attention. Having a lot of fans is valuable (and it means that we prioritise our social media interactions), but the real value (for the business) of social media has to do with high quality engagement.

The value of social media

In theory, the value of one interaction can be worth more than 300,000 likes on Facebook.

Let me give you an example:

On LinkedIn we’ve created a group called ‘The Shipping Circle’. Here, we’ve invited shipping experts to join discussions about the future of the industry.

Some of the members have written long and very insightful posts about what we could do next in order to remain at the top of the shipping game.

What I’m trying to say is that it is a real possibility that just one single good idea from here could turn out to be worth millions, if not billions, of dollars.

Compare this to the value of a ‘like’ on Facebook.

It’s a way of thinking

For a company like ours social media creates most value when it challenges the way we think and interact. In fact, social media is a mindset, a way of thinking and working together. It’s based on the fact that we are social animals, and that means we can only benefit from sharing our thoughts and ideas with each other.

This leads me to the most brilliant part of social media: it doesn’t discriminate. The housebound and the shy are as visible as the active and the outspoken. Even those who are not very social in real life can share their thoughts too.

Maersk Line can definitely benefit from this. Time will tell when and where.

An article by J. Boye about, well, my work for Maersk Line.

Last week I was phoned up by Janus Boye who is the CEO and founder J. Boye “the international community for web & internet professionals”. In other words, a quite influential blogger on things like internet and not least social media.

Maybe it’s due to the fact that Janus is a Dane, but he had nevertheless noticed the recent success of Maersk Line within social media. And he found it to be interesting and even surprising, given the fact that Maersk Line is a B2B company in a quite conservative industry. The background being that B2B companies have struggled for years to find meaning in and reasons to engage with social media.

In a way, we in Maersk Line have somehow succeeded in paving the way for other B2B companies. Quite flattering if you think about it. And maybe stretching it a bit too far.

You can read the article Janus wrote here.