Facebook’s Graph Search an Important Development for Financial Advisors

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Facebook Graph Search for Financial Advisors

Facebook announced it’s entry into online search yesterday. However, this isn’t the traditional search we are accustomed to with Google. Facebook’s search tool is deeply personalized.

Your search results will be filtered by who you know, who you have common interests with, people within a particular geographical location, places, photos of friends and family, friends of friends, etc.

Both personal profiles and business pages will both be included in Facebook’s Graph Search, which is the name of the new search tool.

This powerful, personalized search engine is going to have the ability to surface the likes, recommendations, preferences and interests of your extended social graph. Think of your personal social graph as a spider web of the extended connections you have…including friends of friends and friends of the fans of your Facebook Business Page.

Taking Online Search to the Next Level

With over 1 Billion users on Facebook who share their personal stories, interests, and connections, Facebook’s Graph Search could prove to be the preferred way of searching for information, insights, and recommendations because the results will likely be highly relevant to the searcher.

Remember, Google doesn’t have access to this personalized data, although they’ve been building their own “social graph” through Google+ to show more relevant search results.

Facebook has partnered with Microsoft’s search engine, Bing, to show results beyond your social graph. This means that it will be important to make sure you are optimizing your digital assets outside of Facebook for Bing search as well as Google search.

Essentially every social object within Facebook that has been made public will be indexed by Graph Search and have the ability to show up in Facebook search results. You cannot “opt out” of Graph Search, but you can control your Facebook privacy settings. However, if you want to be discovered in Facebook searches, I recommend you make public as much as  you are comfortable with on your personal and business profiles, and always maintain your professionalism!

Why a Facebook Business Page Does Matter

For the most part it’s been tough to get traction with a Facebook Business Page unless you have a fan base community of at least 1000 people. Running promoted posts (you need 400 fans to utilize this tool) and Facebook social or page ads can also increase your fan base as well as your visibility. In other words, unless you can get to that 1000 fan mark on your own, you’re probably going to have to pay to play.

The good news is that Facebook social ads are still relatively inexpensive and you can get very targeted with who sees them. However, if your social ads aren’t compelling or relevant, they won’t get clicks and you won’t increase your page “likes.”

With deeply personalized search, information about your business and the insights that you share on your Facebook Business Page can all be indexed by Facebook’s Graph Search.

Let’s say a friend of a client conducts a Facebook search for the term “Financial Advisor.” If your client is connected with you on Facebook, or with your Facebook Business Page, those results will likely appear to the client’s friend. They could even appear to friends of friends.

This is extremely powerful. It means not only do you need to develop your personal and professional presence on Facebook, but you need to keep those profiles active.

Whether you are a fan of Facebook or not, it could prove to be a powerful force for visibility with your clients, prospective clients, and business advocates. Working to build your “trusted network” within the walled garden of Facebook could usher in the age of the modern referral.

Your Turn

What are your thoughts about building a Facebook presence? Will you consider Facebook to be an important social network for your business given the new Graph Search?

 

 

 

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About Stephanie Sammons

Stephanie Sammons is the founder of Wired Advisor™, the leading professional blogging platform for financial advisors. Stephanie is also a CFP® and a nationally recognized digital business strategy thought leader, speaker, and writer. Follow Stephanie on Twitter!

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  • http://www.ElevatingYourBusiness.com/ Maria Marsala

    My thoughts are that it’s “nice” in the FA world and for those of us who work with them to have a FB presence…. but not the end of the world if it’s left out. I wouldn’t classify it as an “important” part of their marketing plan. Just a place marker for things to come — maybe in the future.

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