…and How to Prepare for the 2019 Holiday Season
The world of social media is rapidly expanding. With just under 1 billion users worldwide in 2010, social media is now expected to surpass 3 billion users by the end of 2021. The days of individuals logging on to their computers and “searching the web” is all but over. In today’s day and age, people are now “surfing social media”, and it’s quickly becoming a place to learn about new brands and to discover new pieces of information.
If brands are not already advertising on social media, it’s time for them to start getting involved. In one full year, the percentage of retailers in North America using social media as a way to market and advertise their products almost doubled from 17% in 2017 to 33% in 2018. Brands are realizing the opportunity that is out there, and are acting fast to get ahead of potential competitors.
An Evolving Market
Social media marketing is quickly evolving into a very competitive market. According to the annual CMO Survey, marketers are expected to increase their social media spend by 89% over the next five years. This finding indicates that more businesses will be competing for ad space, and more dollars will be spent in the different social networks. Nowadays, advertising can be seen on almost all the big-name social media platforms like Facebook, Twitter, Instagram, Snapchat, and much more.
Consumer Behavior Towards Online Advertisements Are Changing
More than ever, people are now feeling comfortable with making purchases through the different advertisements and messages that they see on social media. Advertisements that appear natural and that are integrated into a consumer’s feed, are turning out to be successful and encouraging potential shoppers to click on them and make a purchase.
One evolving trend that marketers are seeing involves older generations and their spending. Older generations are now feeling comfortable with making purchases through social media advertisements. Their spending and their clicks on social media advertising are increasing, and they will continue to climb even after the 2019 holiday season.
The one platform that is seen having immense success with this form of advertising is Facebook. Facebook is currently attracting older demographics more than any other social media platform.
Social Media Marketing During The Holidays
With the holiday season right around the corner, brands should now be looking to market their business on social media more than ever. A recent study found that roughly 1 in 3 Americans had made a purchase as a result of a product or brand that they had seen on social media. With this in mind, social media marketing needs to be incorporated into your brands 2019 holiday strategy.
If you’re trying to gain awareness for your brand during the holidays, then social media is the perfect channel to advertise through. Social media advertising works as a great exposure tool because of how frequently consumers are spending their time on these platforms. Research has found that social media advertisements drive three times as many non-customers as current customers to advertiser’s website. In addition, 93% of marketers have stated that their social media ads have generated more exposure and overall reach for their brand.
Consumers enjoy seeing holiday-related ad copy and images centered around a brands social media advertising. Be sure to make changes to your brands messaging so that you can begin to relate more to the holiday season and attract new consumers. Shoppers also like using promotions and discounts catered specifically for them during the holiday season. To stand out from competitors, make sure that you’re re-marketing to potential shoppers with discount codes and promotions that they can use on your holiday products. Even an online survey found that during the holiday season, consumers are most influenced by free shipping, exclusive discounts, rewards, and daily deals when it comes to completing a purchasing on a social networking site. Keep this information in mind when planning your holiday strategy!
Online shoppers also don’t want a brand’s marketing efforts to appear fragmented and unorganized. Instead, make it simple for your customer. Make sure they have a positive experience by using similar messaging and imagery across all paid and non-paid channels of advertising.
While social media advertising can be very advantageous for a brand, it’s important to note that this form of advertising should not be the only marketing driver for the holiday season. Be sure that your brand is utilizing other advertising efforts as well such as paid search, display, or mobile advertising.
With this information in mind, you and your brand can take advantage of the amazing opportunities that are out there on social media. If you’d like more information about where different audiences are spending their time on social media, be sure to check out some of our other blog posts linked below.
From our Lever family to you, Happy Holidays!
You May Also Be Interested In:
- Best Practices for A Successful 2019 Holiday Ecommerce Season
- 7 Things You Need to Know to Plan Your 2019 Holiday Ecommerce Strategy
- Getting Shoppers with Abandoned Carts to Convert During the 2019 Holiday Season
- Social Media Marketing to Different Audiences
- The Ten Commandments of Product Branding on Social Media
- How to Measure Social Media Marketing: Return on Your Investment
- Top Brands on Social Media: What They’re Doing Right That You Can Too