Stage Two: Research Social Media Platforms
Firstly, it’s worth setting
the scene – according to OFCOM (August 2011), it took social media just four
years to achieve 50% penetration of the UK population (in comparison, mobile
phones took fifteen years to achieve
this level of penetration).
It is easy to make
assumptions, when it comes to social media usage. However, if you have a bit of
time to do some research, it’s amazing how easy it is to access information
that can be used for marketing planning. To speed up your decision making
process, here are some key statistics:
Facebook
Econsultancy research has
found that Facebook accounts for 47.86% of all social networking traffic in the
UK. There are more than 30m Facebook users in this country, reaching nearly
half of the population (49.9%).
From a business
perspective, in the last year Facebook has increased its downstream to online
retail sites by 12%. On top of this, 33% of social network users agree that
they trust what they read on sites such as Facebook.
Most people are surprised
to learn that there is a fairly even split between the age and gender of users
(source: Facebook Insights):
Men 48.66%
Women 51.34%
Age Demographics:
13 – 17 years old 13%
18 – 24 years old 24.5%
25 – 34 years old 25.5%
35 – 44 years old 17.5%
45+ years old 19.5%
According to ComScore (Feb
2013), the median age of a UK Facebook user is 37.5 years.
Interestingly,
to continue our ‘Laura Ashley’ theme, they have a Facebook Fan Page which has
over 61,000 ‘Likes’ (https://www.facebook.com/lauraashleyofficial).
YouTube
The second largest UK
social media site is the Google-owned video sharing platform, YouTube. This
website accounts for 24.84% of traffic to social network sites (source:
Experian Hitwise, March 2013).
According to Google’s
official blog, YouTube users upload more than 48 hours of video every minute
and they have 3 billion views a day (50% more than last year). Although
watching videos is mainly seen as an entertainment activity, don’t
underestimate the business benefits this platform can bring. Video can help
improve your search rankings (SEO) and increase ecommerce conversion rates. Two
examples of this can be found on Econsultancy’s website - equestrian sports
supplier Ariat said that visits where a product video had been viewed showed a
conversation rate 160% higher than visits without video views and U.S. shoe
e-tailer Zappos found that sales increased by between 6% and 30% for items that
included video product demonstrations.
Although these are both B2C
companies, the biggest B2B success story from the use of video is Blendtec (the
‘will it blend?’ campaign). The company uploaded home-made product
demonstration videos in 2006 and increased blender sales by 700% between 2006 –
2008.
YouTube’s user demographics
can be found on ‘YouTube Insights for Audience’ and the majority of UK users
are male (72.7%), aged 18-24 years old (40%).
Twitter
Although Twitter has 10m UK
users, it only accounts for 1.63% of traffic to a social networking site
(source: Econsultancy and Experian Hitwise). Like Facebook, the demographic
spilt tends to be fairly even – 49% are Male and 51% are Female. Twitter users
tend to be more well off than the rest of the population and use smartphone and
tablet devices regularly (source: Ipsos Mori, July 2012). Age demographics are
as follows:
15 – 24 years old 16%
25 – 34 years old 16%
35 – 44 years old 17%
45 – 54 years old 17%
55+ years old 34%
There are mixed reviews
regarding sales conversion rates linked to Twitter activity. It seems to be a
very good brand raising tool (and useful for positioning individuals as experts)
but not everyone is convinced of its direct sales benefits. A number of small
fashion consumer brands have seen a direct increase in sales when product
photos and discounts have been promoted via the micro-blogging network and in
the B2B arena Dell claimed that $6.5m of its sales were generated via Twitter.
According to a U.S. survey of small
business owners, conducted by the Wall Street Journal and Vistage
International, the social media networking site with the most potential is
LinkedIn – gaining 41% of all votes. One user - Ken Lopez who runs a legal
consulting firm - has used LinkedIn to increase traffic to his website more
than ten-fold in a year. He's using Twitter, but he explained to the Wall
Street Journal that there's a big difference between the ROI he receives from
Twitter and LinkedIn. "We will tweet
10-plus times a day, and we will put roughly the same number of posts on
LinkedIn per day, yet we get dramatically different results."
Other
Networks
Although we do not have the
space to cover every social media platform available, the other key sites to
note are: LinkedIn, Google+ and Pinterest. They all have very different
audience demographics, which can easily be found via online research. It’s also
worth finding business case studies for each of these channels.
Social Media: What is all the Fuss About? Stages 3 & 4
Social Media: What is all the Fuss About? Stages 3 & 4
This article has been written by Tanya Hemphill, Senior Lecturer and Programme Leader in Public Relations, based at the Warrington School of Management (University of Chester) @WSofManagement.