Here’s a quick tour of where things stand with key social media platforms today. Hat tip to HuffPo and iStrategyLabs for putting this together:
What jumped out at us:
23% of Facebook users check their accounts 5x or more per day. That isn’t far from how often the average person accesses an email account every day, and most likely a lot more time than anyone spends on your company website. Give that some thought.
Also, 80% of users prefer to interact with brands on Facebook (than on other social channels). The value they get out of that interaction is 100% up to you though, so make it worth their while. (Most brands don’t make it worth anyone’s while. Work harder at this.) 77% of B2C companies and 43% of B2B companies report having acquired customers from Facebook. [source]
By the way, 488 million users regularly use Facebook mobile. (See our previous posts that touch on mobile statistics.)
34% of companies have generated leads from Twitter. Or should we say “only” 34%? It should be 100%. (See our previous two posts. They touch on that and explain how to turn that around.) The magic word: monitor.
Bear in mind that about 0.05% of the total Twitter user population attracts almost 50% of attention on the channel. Without getting into discussions about the validity of “influencer scoring,” (Klout, Kred, etc.) understand that not all Twitter users are created equal. Some will amplify your reach while others will not. Seek to understand this process better. Test and map it if you can.
This also means that if you fail to understand how Twitter works, your content will go nowhere. 71% of the millions of tweets each day attract no reaction whatsoever. They may be seen, you may be able to estimate total “impressions,” but your audience’s reaction will be zero. Keep that in mind when designing content and evaluating its impact on your audience. (Content relevance/value matters.) Impressions are not behavior. There’s a missing link there that you need to provide.
Conversely, 56% of tweets from customers are still being ignored by companies. (Also see our two previous posts.) If every company had a mature social business program, that number would be zero. In the business, the technical term for this kind of insight is called an “opportunity.” Better get on that. (It’s so easy to fix that too. All you need is a decent monitoring tool. Ahem.)
635,000 people join Google+ every day. (Wow! That’s a lot. Really?) Look, even if Google+ is still a little odd and you don’t understand its value or purpose, start using it anyway. If anything, it’s a great platform for seamless collaboration between project teams inside your own organization. As Google+ continues to grow and evolve, you will grow and evolve with it.
Active users spend upwards of 60 minutes per day across Google products. (That’s email, Google search, G+, etc.) Compare that to the average 15-20 minutes per day spent on Facebook. We expect that the value of Google+ becomes clearer, usage will increase.
The average Instagram user spends more time there than on Twitter. And you may not know this, but Instagram is searchable. (Check out how Tickr incorporates Instagram images into its monitoring dashboard.) Here’s a screenshot if the link doesn’t work:
If there is one thing you should know about Pinterest, let it be this: Pinterest is social sharing on steroids. 80% of the content posted to Pinterest boards is repinned (like a share on Facebook or a retweet on Twitter). What this means: Pinterest is a strong vehicle for a) social discovery (from recommendations) and b) product bookmarking. Take a step back and consider opportunities for your business. If you’re a retailer of any kind, Pinterest should be on your radar. (You can post your products there, with back-links to an e-commerce site, for instance.) Same thing if you’re a hotel or a restaurant operator. Car manufacturers? Same deal. From summer camps to gyms and from cruise lines to media outlets, Pinterest might not be a bad investment. Create visual content that you can seed Pinterest with.
Remember: Social Discovery and (aspirational) product bookmarking. Bonus: 50% of Pinterest users have children,and 80% of these users are women. If you know your key target demos already, that’s pretty relevant information.
So the moral of this post is that there’s still a ton of room for improvement in your social business program. No matter if you are a small little startup or a giant global brand, not only could you be doing better with social, but with a few small (and smart) changes, you might be able to see BIG results fairly quickly.
Our piece of that pie obviously deals with monitoring and listening. Just by combining the right focus and the right tools, you can increase lead generation virtually overnight. You can improve customer service (and consequently improve customer retention, loyalty and recommendations) in a very short timeframe as well, and perhaps even turn your social customer service practice into an overall cost savings project (it won’t be the first time). By being aware of where people spend their time, what they do there and how long they spend on these platforms each day, you can also improve brand awareness, product discovery, product recall, and even positively influence purchase intent (that whole product bookmarking thing is pretty effective).
So don’t get stuck on that whole “content is king” thing. It has value, but it turns out to be a small piece of a much bigger social business puzzle. Start focusing on the other pieces. The ones that actually create value, drive business, and boost loyalty. (Ironically, they may be cheaper than content creation.) Properly monitoring channels for threats, opportunities, reactions and consumer queries would be a great place to start.
As always, feel free to like us on Facebook, follow us on Twitter (we promise never to spam you with junk), and of course try the free version of Tickr. You can always upgrade to Pro or Enterprise later, but only if you want to.)