A new survey sheds some light into the real reasons why consumers like, share, and follow brands on social media.

As Yes Marketing reports, their survey of 1,000 consumers reveals:

  • 63% of consumers follow retailers on social to learn about sales.
  • 60% follow retailers to keep up with new products.
  • 29% follow to show support for the retailer.
  • 23% follow because the retailer shares funny and interesting information.
  • 23% follow because the retailer has a positive reputation
  • 16% follow because they agree with the retailer’s stance on social and political issues.

When it comes to specifically why customers engage with content from retailers on social media, here’s what people had to say:

  • 36% engage with content because the retailer promises a discount for sharing the post.
  • 36% engage in order to share a product update or sale with their followers.
  • 35% engage because they agree personally with the content of the post.
  • 30% engage because the post is funny or interesting.
  • 29% engage in order to share positive feedback with the retailer.
  • 20% engage in order to share negative feedback with the retailer.

As for which demographics are active on which social networks, the respondents broke down as follows:

  • Gen Z consumers are more likely to have YouTube (77%) and Instagram (77%) accounts than a Facebook account (74%).
  • Millennials (89%) and Gen X (88%) are most likely to be on Facebook.
  • More Gen Z consumers (56%) are on Twitter compared to Millennials (50%) and Gen X (39%).
  • Snapchat is the least used social network among all respondents (30%), followed by Twitter (36%).
  • Only 11% of respondents are not on any of the major social networks.

Get the full report here to learn more.

LinkedIn has released a new ebook aimed at helping social media managers market their businesses across the platform. It also contains some very interesting stats that make a strong case for why you should consider including the platform in your array of social media channels.

Specifically, the ebook includes the following statistics across three categories:

Traffic and Engagement

The company says engagement is “booming” across the platform, citing these numbers:

  • LinkedIn now has 610 million registered members
  • 40% of users visit every day
  • Comments, likes, and shares are up 60% year-over-year
  • Views in the LinkedIn feed are up 60% from last year
  • Mobile sessions are growing 57% year-over-year
  • Over 130 thousand articles are created on the platform every week

Business Leaders

LinkedIn isn’t content to just have a big user base. Rather, they have focused on building “the right audience”:

  • Executives from all Fortune 500 companies are LinkedIn members
  • 61 million users are senior-level influencers
  • 40 million users are in decision-making positions
  • About 45% of LinkedIn article readers are in upper-level positions (managers, VPs, Directors, C-level)

Generating Results

The previous two areas have helped LinkedIn create a platform with users who are highly engaged, meaning marketing efforts are more successful and generate more meaningful results:

  • 45% of all social media traffic to a company’s homepage comes from LinkedIn.
  • 71% of people use information from LinkedIn to inform business decisions
  • LinkedIn is the most trusted social platform globally, according to Business Insider’s Digital Trust report
  • 50% of users are more likely to buy from companies when they have engaged in their social channels

LinkedIn’s ebook contains lots of other interesting data and recommendations for how you can leverage this information to create effective marketing strategies for the platform. Check it out here.

 

Facebook is making a major change to how it handles advertising budget optimization. While it may lead to better ad performance, it also gives you less control over your ad campaigns.

Starting in September, Facebook will make all ad campaigns use campaign budget optimization. In plain English, this means that you will only be able to set the overall budget for your campaign. How much is distributed to each ad set within that campaign will be determined by Facebook’s algorithms and analytics.

The main goal of the change is to automatically emphasize the best performing ad sets while minimizing wasted ad-spend on underperforming ad sets.

Currently, campaign budget optimization is available as an optional setting. However, in September it will become mandatory for all campaigns.

The implementation of campaign budget optimization across Facebook will likely have a significant impact on how brands choose to advertise, but it may pay off in the long run.

Facebook claims this form of optimization not only lowers costs but improves ad results at the same time.

In the announcement, Facebook mentions several specific benefits of campaign budget optimization:

  • Capture the most results for your budget and lower your total cost per result.
  • Save significant time with an automated process that eliminates the need to manually shift budgets between ad sets.
  • A simplified campaign management process with fewer budgets to track and re-allocate during optimization.
  • More efficient spending across audiences with a process that finds the lowest cost opportunities across all ad sets and the markets they target.

Facebook is announcing the change early to give both brands and advertisers time to begin adjusting to using campaign budget optimization. I would recommend trying it out for yourself now so that you can be prepared for when it becomes mandatory.