Facebook Likes — A Pyramid Scheme that Actually Works

Lacey and her brother Zeb Welborn founded Welborn Media. She has designed and launched websites, several projects, marketing materials, a podcast, a book and more. Her passions include her family, her friends, creating things and helping businesses grow.
Latest posts by Lacey Welborn (see all)

Most of us know to stay away from Pyramid Schemes. It’s an unsustainable, often very unethical, business model, but sometimes when you hear the pitch it sounds so promising. If you join the scheme and bring a couple friends into the business, and they each bring a couple friends, then you’ll all be making thousands of dollars. It sounds great! It’s just that in reality it never works like that. Someone is going to lose money and whether that’s you or your friends, it’s an unhappy ending.

Facebook has it’s own sort of pyramid scheme and it has a happy ever after ending. The Pyramid Scheme of Facebook Likes. It’s a little different than a traditional pyramid scheme, of course. Here’s how it works, you get one Facebook like. Now that you have a Like you post engaging content on your page. Your Like finds this content interesting and is compelled to comment on your page. This action shows up on your Likes page and introduces your business to all of their friends. His friends now have a convenient opportunity to Like your brand. At this point you must share more interesting content. So that your new Likes will interact with your page and introduce your page to all of their friends, and so on.

As you can see from this diagram it looks very similar to a pyramid scheme.

The most important part about this process is the continuous posting of engaging content that will interest your customers. Content that your target market will identify with. So, when one of your Likes is in need of your product or service they will know your brand, know what you do, and will remember you at that critical point in time. Gaining likes doesn’t always generate an immediate monetary return, but it sets any business up to gain more loyal customers in the future. By building those online relationships you can have friends of friends of friends of friends participating on your page, turning your decision to invest in social media into the greatest investment you ever made for your business.

Unlike a pyramid scheme it takes continuous effort. But also unlike a pyramid scheme, it actually works!

Check out our other post on Facebook Likes: The Value of a Like on Facebook

If you have any questions or are interested in investing in social media for your business contact Zeb Welborn at Zeb@WelbornSocialMedia.com or at (909) 973-9088.

The Value of a Like on Facebook

The owner of Welborn Social Media and the founder of The Tutoring Solution.My goal is to help business owners share the passion they have for their business with as many potential customers as possible.By helping passionate people achieve their dreams I am helping to create a society of passionate leaders that will help inspire others to make their dreams a reality.

The most common question I get from businesses is:  What is the Return on Investment (ROI) of Social Media?  Although ROI is difficult to calculate, there are numerous studies that demonstrate the value Social Media can bring to any company.

The Value of a Facebook “Like”

While perusing my LinkedIn account I came across an article titled, “The Value of a Facebook Fan.”  According to the article, SocialCode, an agency owned by the Washington Post Company “looked at 50 brands and more than 5 million Facebook ads over a five-month period earlier this year.”

What they discovered was:

  • Facebook fans are 547 percent more likely to perform a desirable act than non-fans.
  • Facebook fans are 291 percent more likely to engage with brand than non-fans.
  • Facebook fans make actual purchases at a rate of 7 percent, while non-fans make purchases at a rate of 2 percent.
  • The difference in cost per acquisition* between fans and non-fans is $9.56.
  • For fans making a purchase, the fan cost per acquisition is $14.88 compared to $43.86 for a non-fan.

The overall impact of Social Media undoubtedly benefits your business more substantially and for less cost than other forms of marketing and advertising.  The study by SocialCode is just one example of the thousands that can be found online indicating the benefits Social Media can bring to any business.

Sign up for a free, personalized consultation with Welborn Social Media owner, Zeb Welborn to discuss how we can improve your Social Media presence, meet more customers and enhance the relationship you have with current customers.

(909) 973 -9089

*Cost per Acquisition means how much it costs to convert a sale incorporating all marketing and advertising used to attract clients to a product.