Important Social Media Facts and Statistics You Should Know in 2014

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There was a tipping point last year that has major implications for business and brands. It will impact publishing and marketing strategies and tactics in the future. One of the worlds biggest music stars ignored the traditional mass media product launching process. She bypassed the “normal” mass media release of a radio campaign, multiple TV appearances and retail and consumer brand promotions. Instead she announced it on Instagram to her 8 million followers with the word “Surprise” and proceeded to launch the 14 songs and accompanying 17 videos on iTunes. It was a success and it exceeded the album downloads of the previous album which had used the traditional marketing model. Its a trend that is not going away anytime soon. Build your own networks now! Businesses who are relentless in building a following on social media are in fact creating their own publishing platforms, growing their marketing channels and content distribution networks. It is a digital asset that grows every year. Over time it can can provide huge leverage and marketing independence if done right. So with that in mind let’s have a look at where the major social media networks are up to at the start of 2014. Social web demographics Social media is a blur of tweets, shares and content. No longer is it just used by the young and the restless. It is global and embedded in every corner of the web. So some questions. Which age groups are using social media, what countries are big Pinterest, Instagram, LinkedIn, YouTube, Tumblr, Vine, Slideshare users and what percentage are using mobile to access social media? This is the who and the where of social media users. 72% of all internet users are now active on social media 18-29 year olds have an 89% usage The 30-49 bracket sits at 72% 60 percent of 50 to 60 year olds are active on social media In the 65 plus bracket, 43% are using social media Time spent on Facebook per hour spent online by country. Here are the top three. USA citizens get the top gong at 16% followed by the Aussies at 14 minutes and the Brits at 13 minutes. 71% of users access social media from a mobile device. The paradigm of social media only being used by the younger generation should be put to rest now. Facebook Facebook is still the biggest kid on the block, but there are some pundits predicting that by 2016 Google+ will surpass Facebook on “social sharing”. Here are some of the latest figures to mull over. There are now over 1.15 billion Facebook users One million web pages are accessed using the “Login with Facebook” feature 23 percent of Facebook users login at least 5 times per day 47% of Americans say Facebook is their #1 influencer of purchases 70% of marketers used Facebook to gain new customers Google+ Prying the numbers out of Google for Google+ has always been a challenge. A bit like getting a date with the prettiest girl in the class. Not impossible but it doesn’t happen very often. So what are the latest numbers? There are now over 1 billion with Google+ enabled accounts It has reached 359 million monthly active users Google+ is growing at 33% per annum. The 45 to 54 year old bracket increased its usage on Google+ by 56% since 2012 When you consider that Google+ has only been around for less than three years, then it is a success on many levels. So Google must be happy with with its investment, which is north of $500 million that it initially invested in Google+ Twitter Twitter has to be taken seriously. Last year it took off its short pants and become a public company. So what is happening in the Twittersphere? There are now over 550 million registered users 34% of marketers use Twitter to successfully generate leads Twitter was the fastest growing network with a 44% growth from 2012-2013 215 million monthly active users Twitter has also made some changes in the last few months that has made it more visual and engaging. Business should no longer be ignoring the 140 character pip squeak. The others We haven’t mentioned some important social media channels. These include. Pinterest, Instagram, LinkedIn, YouTube, Tumblr, Vine, Slideshare and many others. This year expect the visual social media networks to hit more home runs. Keep an eye on these two: Pinterest with 20 million active monthly users Instagram with 150 million active monthly users. Here is an Infographic from Search Engine Journal that provides a visual medium for the social media facts and statistics you should know in 2014. Social Media Facts and statistics you need to know

Social Media Facts and statistics you need to know

Social Media Is Not the Savior, But…

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ImageIt’s still surprising how many businesses are ignoring social media. I’ve heard the various arguments against – that it’s a fad, that it’s mostly kids (nope), that there’s no significant value-add – but none of these stack up in the face of ever-growing data to the contrary. I’ll admit, even I was once sceptical of the benefits of social media. I viewed social media as complimentary to traditional media channels, nothing more. It would never overtake traditional press and broadcast platforms. It would never become a critical pulse for business. I was wrong. And now, while I can understand where those opposing views stem from, my response to these people is that you’re viewing social from the wrong perspective. In 2014 it’s going to be more important than ever that your business has an active social media presence. Here’s a couple of the points to pass on to the unconvinced as to why social media is more valuable than they may think:

1) Don’t think in terms of immediate value, but in potential value. Some brands might be able to ignore social media, go on about their business as they always have, leave those new channels to others. Some brands can do this and suffer little negative impact, but the more important element here is that by ignoring social media channels, you are missing out on massive opportunities that are waiting to be taken up. There are millions of conversations happening on social media everyday, some of themare relevant to your business. By ignoring them, maybe you’re not losing anything from what you currently have, but you are missing out new opportunities. Having a dedicated social presence takes time and investment, but it has the potential to produce amazing results, many of which you wouldn’t even be aware of if you didn’t actively track and participate these conversations. Or, in more immediate terms, there are opportunities out there, right now, that you’re not aware of because you’re not actively participating in social media conversations. They’re going on as we speak.

2) People say things like ‘Likes’ don’t mean anything – ‘anyone can press the ‘Like’ button because it costs nothing and there’s no commitment’. This is true, pressing ‘Like’ or re-tweeting something doesn’t translate to direct revenue for your business, but that’s not necessarily the point. The first relevant point of these endorsements is the data you gain – you can see what gets a response and use that in future planning. But more importantly, as soon as someone presses ‘Like’, they allow you access to their NewsFeed – you can advertise to them directly (though NewsFeed algorithm changes have affected this). Maybe they ignore your messages, maybe they ‘un-Like’ your page, but it’s a way in, a starting point for future conversations. Social media is about relationships and you need to establish the network before you can sell to it. Re-tweets spread your message, giving you the data and expanding brand awareness via the extended followers for every re-tweeter. It’s not money in the bank, it’s the start of the conversation, which is, potentially, just as valuable. Latest studiesclearly show ROI is improving for both B2B and B2C companies, those results are only going to improve.

3) The amount of readily available consumer data is of significant value to your brand. You would have heard all the reports of the amount of data people are putting online. Big data allows you to target your message more than ever before and the degree to which you can focus your advertising is amazing, and can produce amazing results. A simple example – a friend of mine is in a band and they were recently touring interstate. Their band is not well-known, but they have been compared to another, very well-known band. In order to get the word out about their upcoming gig, they advertised on Facebook – they were able to target all users who were fans of that more well-known band within a 100km radius of the venue where they would be playing with sponsored ads that appeared in those users’ NewsFeeds. The result? They sold out the show in record time, the first show they’d sold out in that state. This, all by utilising data readily available via social platforms. If your brand isn’t considering how they can utilise this, you really need to think over your strategy.

These are just some of the reasons why social media is crucial to the future of business. Social platforms continue to grow and diversify. If your brand is not active on these channels, not investing in social media management and monitoring, you really need to be asking whether you can afford to let these opportunities slip. And whether your competitors will approach things in the same way.

Maybe time to add another resolution to your 2014 list.

The Explosion In Local-Mobile Data Is Rewriting The Rules For Marketers

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market 1

market 1 (Photo credit: tim caynes)

The Marketing Metrics Continuum provides a fra...

The Marketing Metrics Continuum provides a framework for how to categorize metrics from the tactical to strategic. (Photo credit: Wikipedia)

English: A business ideally is continually see...

English: A business ideally is continually seeking feedback from customers: are the products helpful? are their needs being met? Constructive criticism helps marketers adjust offerings to meet customer needs. Source of diagram: here (see public domain declaration at top). Questions: write me at my Wikipedia talk page (Photo credit: Wikipedia)

The Explosion In Local-Mobile Data Is Rewriting The Rules For Marketers

BII

The check in is on the way out. But apps that use mobile location data are only becoming more popular.

Providing a useful service that encourages data sharing is the key to a successful location-based strategy. It is also the formula for creating a valuable, ad-supported app, as marketers seek information to power hyper-personalized, targeted campaigns.

In a new report from BI Intelligence, we look at how location-based services have changed, what services are doing the best job of enticing users to share their location data, and other data like preferences and habits, and how marketers can then take that information and put it to use for hyper-targeted campaigns.

Here are some of the report’s key findings:

Access The Full Report And All Our Local-Mobile Data By Signing Up For A Free Trial Today>>

In full, the report:

Read more: http://www.businessinsider.com/location-tech-powers-new-mobile-industry-2013-11#ixzz2lEOuXhKU