SOCIAL
New Report Looks at Social Media Usage Trends Over the Past Decade, and Where Things are Now Headed
If you want to understand the latest social media platform updates, and maximize your own efforts in social media marketing, it’s worth taking a broader view of consumption trends, and considering how people are looking to use social apps to connect, in various ways, over time.
By understanding such trends, you can get a clearer idea of what people want to see from your brand – which is where app analytics platform App Annie’s latest report comes in.
App Annie’s ‘Evolution of Social Apps’ report looks at how social media usage trends have evolved over the last decade, highlighting the rise of live-streaming, the increasing focus on social commerce, the growth of TikTok and Snapchat, and more.
The report is key reading for those looking to maintain a handle on key shifts, and what’s driving the latest platform updates. You can download the full report here, but in this post, we’ll take a look at some of the key notes of interest.
Probably the biggest highlight of the report is the rise in consumer spending within social apps, with cumulative spend already at $3.2 billion in the first half of 2021 – up 50% year-over-year.
As you can see in this chart, the broader adoption of social media apps in Asian markets – particularly India – has pushed in-app spending to new heights, with App Annie projecting that, for the full year, in-app spend will hit $6.78b this year.
That’s expected to continue to rise at an annual growth rate of around 29% moving forward, which App Annie projects will see social app spending reach a massive $78 billion by 2025.
If you were wondering why every app is looking to move into in-stream commerce, this is it. The data points to significant opportunity for those platforms that can expand user engagement into direct spending and shopping behaviors, facilitating new revenue potential for the platforms, and new opportunities for brands.
If you’ve not considered plugging your product catalog into Facebook or Instagram Shops, or you’re not tracking TikTok’s evolving eCommerce plans, it may be time to pay attention (you can sign up to our newsletter right here).
The report also looks at how, exactly, users are looking to spend in social apps, with live-stream creators leading the way in many respects.
As per the report:
“Total time spent in the top 5 social apps with an emphasis on live streaming are set to surpass half a trillion hours on Android phones alone, outside of China in 2021, a 3-year compound annual growth rate of 25% compared to 15% for chat and photo & video apps”
Which is an interesting shift – between 2014 and 2018, the focus moved away from social media platforms, and public broadcasting of your thoughts and opinions, and towards messaging and private groups instead, with Facebook, in particular, making a big push on groups as a means to maximize its in-app engagement.
Now, it seems that live-streaming is gaining traction once again. Which, of course, has been amplified by the pandemic, with live-streaming often providing the best replacement social outlet for those in lockdown. But even with that being the case, it does indeed seem that live-streaming is having a moment. And when you consider the extension of that being VR connection and socializing in digital worlds (i.e. the Metaverse), it seems likely that this trend will hold, even as we move into the post-COVID environment.
But it’s not just viewing live-streams, it’s spending in broadcasts as well:
“Social apps that offer live-streaming as a prominent feature account for $3 of every $4 spent in top 25 social apps in H1 2021.”
A large element of this growth has been virtual “gifting”, with content creators in Asia, in particular, generating big dollars from in-stream virtual gifts, which essentially act as donations to the creators, subsidizing their output.
Facebook, YouTube and TikTok have all created their own variations of the same, and while the trend doesn’t seem to have caught on in western regions with the same veracity as their Asian counterparts, the data again points to significant opportunity, with live-streams providing a sense of immediate connection, helping to build community and facilitate direct transactions in-stream.
Indeed, Facebook is now trialing shopping live-streams in its main app, and on Instagram as well, while TikTok has also hosted a range of live-stream shopping collaborations with big brands and platform stars.
Whether that becomes a bigger trend in western markets remains to be seen, but the opportunity is there, and as noted, it does also align with broader usage shifts.
The report also looks at the growth of TikTok, which, according to App Annie’s data, has now surpassed YouTube in both the US and the UK in terms of average monthly time spent in-app, per user.
TikTok’s growth has been amazing to witness, and it’s now hard to see it not converting that popularity into a sustainable business, both for TikTok itself and for its top stars. The main risk for TikTok remains effective monetization, with short-form video offering less potential for ads, and thus, lower income potential for creators. In this sense, YouTube and Facebook can offer better revenue opportunities, but TikTok is working to establish more direct linkage between brands and creators, while it’s also experimenting with longer form videos to facilitate more ad opportunities.
There is also the ever-present risk that the US Government, and potentially others, could move to ban TikTok due to its Chinese Government links. That element has gone quiet of late, but it’s a lingering concern among security analysts, and could still become a major impediment for the app, if it were to brought to a head once again.
For this reason, it also seems likely that top creators will be looking to keep their options open, rather than relying on the app – which, in itself could also be an impediment to TikTok maximizing its growth potential.
Either way, from a general usage standpoint, TikTok is clearly a big winner, and it continues to gain traction in the social space.
Which is also reflected in this chart, looking at app download rankings over the past decade.
Facebook’s dominance is absolutely clear, but it’s also interesting to note the other trends, like the rise of TikTok, the fall of Twitter and the resurgence of Snapchat.
Which is another element highlighted in the report – according to App Annie’s data, Snapchat’s overseas downloads have grown by 45% in the last 12 months, in comparison to the 2 years prior.
That can largely be attributed to India, where Snapchat has seen huge take-up since launching its updated Android version back in 2019. Earlier this year, Snapchat reported that it’s seen 150% growth in active users in the region.
Which is really where most social apps are now looking – with Indian smartphone adoption rising, the opportunity exists to connect with billions more users, and the apps that can gain the most traction in India stand to see huge benefit, especially in regard to in-app purchases and revenue potential.
So in many respects, the latest features and updates you’re seeing aren’t even focused on you. Live-stream commerce, in-app shopping and other additions are really aimed at the Asian market, where there’s much larger growth potential for social apps than in western regions, where adoption is already high, and spending is not increasing at the same rates.
So even if you don’t think that these new elements will work out, maybe they will in other regions, and if they see adoption in the US and Europe as well, that’s just a bonus.
As such, if you really want to gauge where things are headed in the social media landscape, and what the platforms will be looking to focus on in future, it may be worth looking to Asian adoption trends instead, or considering what’s gaining traction in China, within its own web bubble.
And what’s gaining traction in China right now? Live-stream commerce and Douyin, the local version of TikTok.
It’s not hard to see either of these elements becoming much bigger considerations in western markets as well.
You can download App Annie’s ‘Evolution of Social Media’ report here.
SOCIAL
12 Proven Methods to Make Money Blogging in 2024
This is a contributed article.
The world of blogging continues to thrive in 2024, offering a compelling avenue for creative minds to share their knowledge, build an audience, and even turn their passion into profit. Whether you’re a seasoned blogger or just starting, there are numerous effective strategies to monetize your blog and achieve financial success. Here, we delve into 12 proven methods to make money blogging in 2024:
1. Embrace Niche Expertise:
Standing out in the vast blogosphere requires focus. Carving a niche allows you to cater to a specific audience with targeted content. This not only builds a loyal following but also positions you as an authority in your chosen field. Whether it’s gardening techniques, travel hacking tips, or the intricacies of cryptocurrency, delve deep into a subject you’re passionate and knowledgeable about. Targeted audiences are more receptive to monetization efforts, making them ideal for success.
2. Content is King (and Queen):
High-quality content remains the cornerstone of any successful blog. In 2024, readers crave informative, engaging, and well-written content that solves their problems, answers their questions, or entertains them. Invest time in crafting valuable blog posts, articles, or videos that resonate with your target audience.
- Focus on evergreen content: Create content that remains relevant for a long time, attracting consistent traffic and boosting your earning potential.
- Incorporate multimedia: Spice up your content with captivating images, infographics, or even videos to enhance reader engagement and improve SEO.
- Maintain consistency: Develop a regular publishing schedule to build anticipation and keep your audience coming back for more.
3. The Power of SEO:
Search Engine Optimization (SEO) ensures your blog ranks high in search engine results for relevant keywords. This increases organic traffic, the lifeblood of any monetization strategy.
- Keyword research: Use keyword research tools to identify terms your target audience searches for. Strategically incorporate these keywords into your content naturally.
- Technical SEO: Optimize your blog’s loading speed, mobile responsiveness, and overall technical aspects to improve search engine ranking.
- Backlink building: Encourage other websites to link back to your content, boosting your blog’s authority in the eyes of search engines.
4. Monetization Magic: Affiliate Marketing
Affiliate marketing allows you to earn commissions by promoting other companies’ products or services. When a reader clicks on your affiliate link and makes a purchase, you get a commission.
- Choose relevant affiliates: Promote products or services that align with your niche and resonate with your audience.
- Transparency is key: Disclose your affiliate relationships clearly to your readers and build trust.
- Integrate strategically: Don’t just bombard readers with links. Weave affiliate promotions naturally into your content, highlighting the value proposition.
5. Display Advertising: A Classic Approach
Display advertising involves placing banner ads, text ads, or other visual elements on your blog. When a reader clicks on an ad, you earn revenue.
- Choose reputable ad networks: Partner with established ad networks that offer competitive rates and relevant ads for your audience.
- Strategic ad placement: Place ads thoughtfully, avoiding an overwhelming experience for readers.
- Track your performance: Monitor ad clicks and conversions to measure the effectiveness of your ad placements and optimize for better results.
6. Offer Premium Content:
Providing exclusive, in-depth content behind a paywall can generate additional income. This could be premium blog posts, ebooks, online courses, or webinars.
- Deliver exceptional value: Ensure your premium content offers significant value that justifies the price tag.
- Multiple pricing options: Consider offering tiered subscription plans to cater to different audience needs and budgets.
- Promote effectively: Highlight the benefits of your premium content and encourage readers to subscribe.
7. Coaching and Consulting:
Leverage your expertise by offering coaching or consulting services related to your niche. Readers who find your content valuable may be interested in personalized guidance.
- Position yourself as an expert: Showcase your qualifications, experience, and client testimonials to build trust and establish your credibility.
- Offer free consultations: Provide a limited free consultation to potential clients, allowing them to experience your expertise firsthand.
- Develop clear packages: Outline different coaching or consulting packages with varying time commitments and pricing structures.
8. The Power of Community: Online Events and Webinars
Host online events or webinars related to your niche. These events offer valuable content while also providing an opportunity to promote other monetization avenues.
- Interactive and engaging: Structure your online events to be interactive with polls, Q&A sessions, or live chats. Click here to learn more about image marketing with Q&A sessions and live chats.
9. Embrace the Power of Email Marketing:
Building an email list allows you to foster stronger relationships with your audience and promote your content and offerings directly.
- Offer valuable incentives: Encourage readers to subscribe by offering exclusive content, discounts, or early access to new products.
- Segmentation is key: Segment your email list based on reader interests to send targeted campaigns that resonate more effectively.
- Regular communication: Maintain consistent communication with your subscribers through engaging newsletters or updates.
10. Sell Your Own Products:
Take your expertise to the next level by creating and selling your own products. This could be physical merchandise, digital downloads, or even printables related to your niche.
- Identify audience needs: Develop products that address the specific needs and desires of your target audience.
- High-quality offerings: Invest in creating high-quality products that offer exceptional value and user experience.
- Utilize multiple platforms: Sell your products through your blog, online marketplaces, or even social media platforms.
11. Sponsorships and Brand Collaborations:
Partner with brands or businesses relevant to your niche for sponsored content or collaborations. This can be a lucrative way to leverage your audience and generate income.
- Maintain editorial control: While working with sponsors, ensure you retain editorial control to maintain your blog’s authenticity and audience trust.
- Disclosures are essential: Clearly disclose sponsored content to readers, upholding transparency and ethical practices.
- Align with your niche: Partner with brands that complement your content and resonate with your audience.
12. Freelancing and Paid Writing Opportunities:
Your blog can serve as a springboard for freelance writing opportunities. Showcase your writing skills and expertise through your blog content, attracting potential clients.
- Target relevant publications: Identify online publications, websites, or magazines related to your niche and pitch your writing services.
- High-quality samples: Include high-quality blog posts from your site as writing samples when pitching to potential clients.
- Develop strong writing skills: Continuously hone your writing skills and stay updated on current trends in your niche to deliver exceptional work.
Conclusion:
Building a successful blog that generates income requires dedication, strategic planning, and high-quality content. In today’s digital age, there are numerous opportunities to make money online through blogging. By utilizing a combination of methods such as affiliate marketing, sponsored content, and selling digital products or services, you can leverage your blog’s potential and achieve financial success.
Remember, consistency in posting, engaging with your audience, and staying adaptable to trends are key to thriving in the ever-evolving blogosphere. Embrace new strategies, refine your approaches, and always keep your readers at the forefront of your content creation journey. With dedication and the right approach, your blog has the potential to become a valuable source of income and a platform for sharing your knowledge and passion with the world, making money online while doing what you love.
Image Credit: DepositPhotos
SOCIAL
Snapchat Explores New Messaging Retention Feature: A Game-Changer or Risky Move?
In a recent announcement, Snapchat revealed a groundbreaking update that challenges its traditional design ethos. The platform is experimenting with an option that allows users to defy the 24-hour auto-delete rule, a feature synonymous with Snapchat’s ephemeral messaging model.
The proposed change aims to introduce a “Never delete” option in messaging retention settings, aligning Snapchat more closely with conventional messaging apps. While this move may blur Snapchat’s distinctive selling point, Snap appears convinced of its necessity.
According to Snap, the decision stems from user feedback and a commitment to innovation based on user needs. The company aims to provide greater flexibility and control over conversations, catering to the preferences of its community.
Currently undergoing trials in select markets, the new feature empowers users to adjust retention settings on a conversation-by-conversation basis. Flexibility remains paramount, with participants able to modify settings within chats and receive in-chat notifications to ensure transparency.
Snapchat underscores that the default auto-delete feature will persist, reinforcing its design philosophy centered on ephemerality. However, with the app gaining traction as a primary messaging platform, the option offers users a means to preserve longer chat histories.
The update marks a pivotal moment for Snapchat, renowned for its disappearing message premise, especially popular among younger demographics. Retaining this focus has been pivotal to Snapchat’s identity, but the shift suggests a broader strategy aimed at diversifying its user base.
This strategy may appeal particularly to older demographics, potentially extending Snapchat’s relevance as users age. By emulating features of conventional messaging platforms, Snapchat seeks to enhance its appeal and broaden its reach.
Yet, the introduction of message retention poses questions about Snapchat’s uniqueness. While addressing user demands, the risk of diluting Snapchat’s distinctiveness looms large.
As Snapchat ventures into uncharted territory, the outcome of this experiment remains uncertain. Will message retention propel Snapchat to new heights, or will it compromise the platform’s uniqueness?
Only time will tell.
SOCIAL
Catering to specific audience boosts your business, says accountant turned coach
While it is tempting to try to appeal to a broad audience, the founder of alcohol-free coaching service Just the Tonic, Sandra Parker, believes the best thing you can do for your business is focus on your niche. Here’s how she did just that.
When running a business, reaching out to as many clients as possible can be tempting. But it also risks making your marketing “too generic,” warns Sandra Parker, the founder of Just The Tonic Coaching.
“From the very start of my business, I knew exactly who I could help and who I couldn’t,” Parker told My Biggest Lessons.
Parker struggled with alcohol dependence as a young professional. Today, her business targets high-achieving individuals who face challenges similar to those she had early in her career.
“I understand their frustrations, I understand their fears, and I understand their coping mechanisms and the stories they’re telling themselves,” Parker said. “Because of that, I’m able to market very effectively, to speak in a language that they understand, and am able to reach them.”Â
“I believe that it’s really important that you know exactly who your customer or your client is, and you target them, and you resist the temptation to make your marketing too generic to try and reach everyone,” she explained.
“If you speak specifically to your target clients, you will reach them, and I believe that’s the way that you’re going to be more successful.
Watch the video for more of Sandra Parker’s biggest lessons.
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