Important Social Media Facts and Statistics You Should Know in 2014

Standard

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

Ten Best Social Media Predictions for 2014

Standard
English: Overview of green marketing activities

English: Overview of green marketing activities (Photo credit: Wikipedia)

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)

English: American marketing and social media g...

English: American marketing and social media guru, Stephen Monaco (Photo credit: Wikipedia)

The 10 Best Social Media Predictions for 2014

31
357
128
516

In my years in marketing and media relations, I’ve learned there is one constant: change. If you can’t embrace it, you will wither on the vine. Peeirng into the crystal ball of 2014, I found some excellent prognostication from people that know much more than I do on what’s next in social media marketing. Here are the ten best I’ve found so far.

1. More real-time marketing. From John Kultgen on PR Daily. When the Oreo Super Bowl ad went viral, the wheels were turning in marketers’ heads everywhere.  Kultgen says, “The brand set a new standard for extremely timely and relevant content. Sporting events, awards shows, and season finales became the source of inspiration for many brand’s posts throughout the year.”  Real-time marketers will help fans engage in an experience. Savvy brands will learn how to do it well, not a la Kenneth Cole.

crystal ball

2. Whether your real time is faster than my real time will no longer be the problem. From Marketing Profs. “Marketers will begin taking advantage of new capabilities that enable them to act on insights in the very moment they need to act. Speed of delivery will no longer be the problem. The real opportunity is whether an experience can be delivered when it counts for the business—and when it matters most for the consumer.”

3. Word-of-mouth marketing will take off. From Jason Falls on Social Media Explorer. Falls say that consumers will continue their migration away from sponsored messages and banner ads. “We don’t want the blinking lights of Times Square. We’d rather have the relative peacefulness of a stroll around Greenwich Village.”  Falls says marketers are going to have to migrate to Snapchat, Path, Vine, and any other network that connects people but doesn’t have an established business model. But beware, “you’ll only be there for a year or two before the ads emerge and consumers migrate again.”

4. User-generated content will be the hot content commodityFrom Marketing Profs. What many already know, most will start taking advantage of: user-generated content creates loyalty, puts the fan/customer in the driver’s seat, and generates sales. Every fan wears a marketing hat. Rick Mulready dubbed this “embracing fandom” on Entrepreneur.

5. Short form content will dominate. From Julie Fleischer, Director of Media & Consumer Engagement at Kraft (via Content Marketing Institute).  Fleischer predicts that short form sound, sight, and motion will deliver greater viewership and higher engagement than long-form. She predicts, “ brands will compete over who can tell the shortest stories with the biggest impact.” Consumers will be the winners.

6. Niche interest networks will increase in prominence and usage. From Adam Vincenzini on PR Daily. Even though they will never significantly make a dent in the market share of the big channels, they will get more attention in 2014 as marketers who want to stay fresh look to engage the crowd that embraces innovation and change. It’s all about learning to ride the wave.

7. More visual, less text. From Jessica Smith on Social ‘N Sports. Smith cites how images have changed the way we digest social: “photo albums, pictures, and video get 180, 120, and 100 percent more engagement respectively (Facebook).”  We’ll have to push ourselves to keep up with all the channel settings that will enhance visuals for maximum engagement. Note recent Twitter changes.

8. Erasable media. From Dave Kerpen on Inc. Kerpen predicts our desire for the ephemeral will give rise to new channels and move current mainstream social media networks to adopt a disappearing content function. Kerpen attributes this to our increasing desire to personally share with one another. “This means that you’ll have to be prepared to have the results of your hard work in content marketing literally vanish.”

9. Social listening will become a requirement, not an option. From Pam Moore on Marketing Nutz. Moore says, “Brands of all sizes will start to understand that they must invest in social listening strategies, tactics and technologies to truly understand, inspire and connect with their audiences. Managing and protecting brand reputation must start from the inside out.” Preachin’ to the choir.

10. Investment in social media will become a necessity, not a luxury. From Jayson DeMers on Forbes.  As demand for good content and measurable results increase, brands will move from spreading social media duties across existing positions to hiring social media managers, according to DeMers. The era of assigning social media duties to a “tech-savvy, passionate” staff members is over. When companies need outside help, they will be looking for agencies that know social media business, not just social media tools.