You might assume that the largest social media platform would have the most effective paid advertising platform, but Facebook’s platform doesn’t hold the title according to a report from VentureBeat.
According to the report based on a study by AoL Platforms, YouTube is actually the champion of paid social media advertising platforms in more than a few key areas, including introducing new products to customers, and helping consumers make purchasing decisions.
The report examined data found within 500 million clicks and 15 million conversions during the first quarter of 2014, using Convertro’s attribution technology to track social purchase interactions. This data was then used to determined which platforms had affected online sales and at what point in the purchasing decision they had influence on the consumer.
Jeff Zwelling, CEO and co-founder at Convertro told VentureBeat:
We believe that YouTube does well in both of these important purchase funnel areas for a number of reasons. YouTube’s own search volume and preferential positioning on Google’s results help drive large amounts of traffic, of course. But when you get to YouTube, the content is rich, descriptive, and usually helpful.
I’ve done this myself. I recently bought a coffee machine. I had the decision down to three alternatives and couldn’t decide which one was best for me. In the end, I watched videos on YouTube of people using all three machines and chose the one that matched my idea of a good coffee maker.
YouTube is the best platform for both introducing new products and helping to close sales, while Facebook comes in second in both of those areas. Google+ consistently came in third.
You can get more information from the full report available here.
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