|The Facebook IPO Is More Than A Social Media Investment: It Can Help You Build Your Business And Enhance Client Relationships|
|Friday, May 18, 2012 08:47|
The Facebook coming-to-market event has been likened to a Super Bowl party. Whether people will own shares doesn’t matter. They want to participate in the excitement.
You may not be able to get your hands on any shares. But there are two ways to play it: through investing and through investment education. Either way gets you “in.”
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LinkedIn, Zynga, Pandora, Groupon, and Yelp—all are now public companies.
So why Facebook? What makes it a better business building choice than say, LinkedIn?
That’s easy. Nothing is as big as Facebook.
Who knows if that statement really has shelf life. But that doesn’t matter, either.
The Facebook website is one of the top two sites in almost every country across the globe (China is the only exception). Right now, there are close to 1 billion people globally who have a Facebook account.
Fifty percent or more are over age 26. The fastest growing age segment of Facebook users is those over 55. And women are the predominant users in every age group.
Facebook has hitshare (online visits) of 9%. That’s out of all online visits. People spend an average of 20 minutes each time they’re there.
ETFs and mutual funds will eventually own Facebook shares. Two ETFs have announced they will buy Facebook shares late in the first week after it comes to market.
Facebook will likely become a member of the Nasdaq 100 index. It took only 19 months for Google to be added to the S&P 500.
Now for the education part.
Just think about this. Here, you have a wildly popular IPO hitting the market. It’s something everybody knows about and the majority of people are involved in on a daily basis.
A clean-energy fund in Switzerland offers these types of services to their clients’ teenage and young adult children because its biggest client asked them to do so.
Educational sessions with siblings, cousins, and their families automatically link you to multiple generations of the family and to multiple adult members across family branches.
They get you right to the heart of what high net worth investors want: the chance to form family bonds, pass on family values—especially about wealth, and equip the next generation to be responsible wealth owners.
Giving clients what they want is a powerful step in relationship building. Giving it to them the way they want it—instead of the way that excites you the most—confirms that you are sitting on their side of the table with them.
Could a little innovative thinking get them to reserve that seat for you permanently?