Calculate the Value of Your Facebook Page

May 19, 2010
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Marketers are clamoring for data to determine the ROI of their social-media efforts, and a new free tool called the Social Page Evaluator, from social media management company Vitrue, is here to help. It’s designed to assist marketers as they try to get a better grasp of the value of a brand’s Facebook Page.

A Facebook Page is commonly referred to as “fan page”, and its purpose is to provide a platform for brands to connect and communicate with their audience. Pages come in many varieties: they can represent actual brands, organizations, non-profits, and other entities — including people, blogs, etc. When you engage and opt-in on a brand’s Facebook Page, you “like” (formerly “Become a Fan”) them.

The Social Page Evaluator is easy to use. Enter the URL of any Facebook Page and it will examine its fan count, post frequency, and various fan interactions with the Page and calculate a valuation. The formula used by the application is related to the formula that Vitrue recently released to estimate the relative value of Facebook Fans to large brands. The tool is adjustable and interactive — for example, the base rate of Earned Media Value (or CPM) is $5, but this can be
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