10 surprising social media facts?
Social media is a large ocean now in terms of marketing and usability. There are many facts we need to know about social media. Do check those!
Social media has gone viral in the current world. Almost everything can now be done on a social media site. Do you want to talk to your friends? Facebook exists for you. Do you wish to upload a picture of your food for sharing? Instagram should be used. You desire communication with your employees. Welcome to LinkedIn.
It serves as a fantastic platform for more than just making friends. However, social media is ideal for digital marketing, and there is much social media data online. The post will discuss a few of the most important social media statistics listed below.
Top 10 facts about social media
Daily active social media
The ever-evolving landscape of dominant social media networks, changing social media usage trends, and the consumers’ addiction to social media are shaping the industry. Projections indicate that global social media usage will encompass 4.89 billion people by 2023. Given the relentless growth of social media, contemporary communication platforms have become indispensable elements in any brand’s marketing strategy. In fact, internet users now dedicate an average of 151 minutes daily to social media, a record-breaking amount. It’s crucial to keep these statistics in mind as you formulate your social media strategy for the upcoming year.
Marketers persist in their adoption of Facebook, and this isn’t surprising, given the platform’s vast reach. Facebook is continuously evolving, providing an array of effective tools for your company’s prosperity. The forecast for 2023 still positions Facebook as a popular business platform. Anticipate the introduction of fresh features and resources, further expanding the opportunities for companies to engage their audience and achieve their marketing goals.
Social media users by Generation
Young individuals increasingly turn to social media for shopping purposes. Approximately 50% of those aged 24 and under employ social media for brand research, price comparisons, and purchase decisions, in contrast to 46% who resort to search engines. While search engines maintain a slight edge over social media among users aged 25 and older, this gap is narrowing rapidly. In the realm of social media platforms, except for Snapchat, which boasts a 53.8% female user base, men tend to be more active than women. Among LinkedIn users, women are the least frequent, making up only 42.8% of the user base, while the proportion of Instagram users is nearly evenly divided between genders.
Time spent on social media
A recent published poll reveals that individuals check their phones approximately 46 times daily, resulting in eight billion phone checks nationwide. The frequency of phone checks is directly associated with one’s age. In the 18 to 24 age group, individuals averaged 74 phone checks daily. Those between 25 and 34 years of age checked their phones about 50 times a day, whereas individuals aged 35 to 44 made an average of 35 phone checks daily. The amount of time users spend on their phones varies significantly between nations, with the trend being more pronounced in emerging nations. In contrast, Japanese users spend only an average of 51 minutes on social media.
Power of social media marketing
Instagram holds the title of being the king of social media marketing. It offers users the best in-app purchasing experience among all apps. For marketers, it delivers the highest return on investment in product sales. Its attractive design and user-friendly interface make it one of the most enticing platforms for both brands and customers, which is a significant advantage for marketers. Instagram is also rapidly growing, making it a significant platform for B2B firms to engage with their audience.
Consumer Behaviour using social media
Purchasing something you see on social media is not a novel idea. Social media has a well-documented impact on consumers, ranging from product recommendations to early company perceptions. It is noteworthy that direct social sales have recently grown. Advertising that doesn’t feel like advertising is also in high demand among consumers. But understanding your consumer, their preferred platforms, and how their purchasing habits function is the key to selling on social media.
Influencer help to build brand trust
One of the top inbound marketing tactics currently employed is collaborating with influencers. Here are some facts about the influencer marketing platforms that marketers use, their goals, and their plans for influencer marketing. TikTok is the most widely used medium for influencer marketing, with 56% of marketers using it.
Moreover, The top three marketing objectives for collaborating with creators are to increase engagement, reach new audiences, and build community. Selecting the influencers and channels that will perform best for your brand is the key; both can be automated with the right tools.
Marketers’ engagement goal
Social media engagement provides businesses with a tool to assess the effectiveness of their social media strategy and measure their return on investment. Social media interactions extend beyond passive acknowledgment of your business. Nevertheless, it’s essential to note that social media algorithms are continuously evolving. To stay in sync with changing customer behaviors and app updates, business owners need to experiment with new social media tactics.
The most popular content type of all time is still video. It is adaptable, captivating, and provides advertisers worldwide with high ROI. Compared to other material types, 51% of individuals are more inclined to share videos with their friends and family. Of all social media marketing strategies, short-form video delivers businesses the best return on investment. Short-form video content with a strong focus on entertainment or humor will often yield more fantastic results for brands.
Advertising on social media
Spending on social media ads is consistently on the rise. As more marketers venture into advertising, brands must be ready to allocate higher budgets to sponsored marketing strategies to remain competitive. It’s expected that social media advertising will reach a total of $268 billion by 2023. While issues like ad avoidance and increased campaign costs pose challenges for companies, there’s still positive news ahead.
Future of Social Media
Explore what lies ahead to gain a competitive edge and learn how to leverage trends to attract audiences, nurture relationships, and drive measurable results.
- Due to its distinctive fusion of innovation, entertainment, and bite-sized material, TikTok has experienced spectacular growth in popularity.
- The marketing environment is changing due to the rising emphasis on paid advertising.
- Keeping a solid relationship with your audience is made possible via social listening.
- UGC becomes a potent tool for marketers to establish deeper connections with their audience.
- Promoting goods from brands is more successful for nano and micro-influencers.
- For brands, niche social networks provide a game-changing edge.
Whether you are a new business doer or a consumer, the above facts help you know how social media works and how people got into this. Social media is something for which you can’t conclude anything so quickly, and it is constantly changing. The user percentage is continuously increasing. We can say that social media is not just for communication. It’s for marketing now. Therefore, use these platforms wisely so you can grow.