Connect with us

SOCIAL

Snapchat Tests New Ad-Free Subscription Tier

Published

on

Snapchat Tests New Ad-Free Subscription Tier

As expected, more social platforms are now looking to provide higher-priced, ad-free subscription offerings, as a means to align with evolving data privacy regulations in the E.U. , while also testing the waters on just how many people might be willing to pay for an ad-free in-app experience.

Snapchat is the latest to test the waters on this, with a new, more expensive Snapchat+ tier that’ll remove most ads from your in-app experience.

As you can see in this example overview, shared by Jonah Manzano, some Snap users are now being offered a higher-priced Snapchat+ subscription tier, which removes all Story and Lens ads. Snapchat notes that subscribers may still see sponsored places, as well as paid promotions within My AI responses, where it’s currently testing the best ways to monetize its AI chat platform. But for the most part, users will be able to eradicate ads in the app, all for the low price of $15.99 AUD per month, which is equivalent to $US10.50.

(For comparison, the current Snapchat+ monthly package costs $US3.99, which approximates to the $5.99 AUD cost shown in the image above).

The option is seemingly not available in the U.S. as yet, and may never be, given Snap’s reliance on ad revenue from the North American market.

Advertisement

As you can see in these charts, Snap generates the vast majority of its revenue from American and Canadian users, and based on these figures as a guide, it could look to charge a higher amount for an ad-free tier in the U.S.

Snap Q3 2023

But it wouldn’t have to, necessarily. Given these are quarterly revenue numbers, that means that Snap would be earning less than $US3 per U.S. user per month from ad exposure, which would mean that charging $US11 per month for an ad-free option would more than offset any related losses.

That same calculation gets more complex for Facebook, which generates around $US6.30 per U.S. user/month based on ad revenue. But Snap’s ad business doesn’t bring in as much, which may provide more options on this front.

But still, the main focus is likely the E.U., and alignment with the latest E.U. regulations around data usage, and the capacity for European users to opt out of targeted ads if they choose.

Meta’s seemingly found a loophole in this new requirement, because by giving users an ad-free opt-out, even at a price, that actually ticks off this element, as users can then stop Meta from using their data for ad targeting, so long as they pay for the privilege. Meta would likely prefer that users don’t actually pay for this, and just keep enabling it to run its ad business instead. But by providing the option, that ensures that Meta’s meeting the new E.U. requirements on this front.

Meta’s ad-free option, which is only available to E.U. users are present, costs the equivalent of $US10.60 per month.

X is also now offering an ad-free “Premium” subscription, at $US16.99 per month, while TikTok is also experimenting with an ad-free direct payment option along similar lines (pricing TBC).

Advertisement

And while it may seem like this is part of a broader trend towards getting users to pay to use their apps, meeting E.U. requirements is likely the main focus, as most platforms can earn a lot more from ad exposure than they would from people paying for app access.

Because the truth is most people simply won’t pay, no matter what the charge may be.

We’ve already seen this with all of the various subscription options. Fewer than 0.5% of X’s users have signed up to X Premium thus far, while 0.67% of Snap users are paying for Snapchat+. Around 6% of LinkedIn users reportedly pay for LinkedIn Premium, while around 4% of YouTube users are signed up to YouTube’s Premium/Music offerings.

Each of these does now provide a valuable supplemental revenue stream for each respective platform. But they’re also nowhere close to generating what they bring in from ads.

And while each app will be interested to see how many people are willing to put their money where their mouth is, and pay to remove ads, the numbers would suggest that not many people are going to care enough to sign on at a monthly cost as an alternative.   

But, if you really hate ads, maybe this is an option to consider, if and when each is actually rolled out to all users.

Advertisement

Snapchat says that the ad-free Snapchat+ offering is “rolling out slowly and may not be available to you just yet”.

More info on Snapchat’s ad-free subscription plan here.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address

SOCIAL

Snapchat Explores New Messaging Retention Feature: A Game-Changer or Risky Move?

Published

on

By

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.

Advertisement

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.

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

SOCIAL

Catering to specific audience boosts your business, says accountant turned coach

Published

on

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.” 

“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.

Advertisement



“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.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

SOCIAL

Instagram Tests Live-Stream Games to Enhance Engagement

Published

on

Instagram Tests Live-Stream Games to Enhance Engagement

Instagram’s testing out some new options to help spice up your live-streams in the app, with some live broadcasters now able to select a game that they can play with viewers in-stream.

As you can see in these example screens, posted by Ahmed Ghanem, some creators now have the option to play either “This or That”, a question and answer prompt that you can share with your viewers, or “Trivia”, to generate more engagement within your IG live-streams.

That could be a simple way to spark more conversation and interaction, which could then lead into further engagement opportunities from your live audience.

Meta’s been exploring more ways to make live-streaming a bigger consideration for IG creators, with a view to live-streams potentially catching on with more users.

That includes the gradual expansion of its “Stars” live-stream donation program, giving more creators in more regions a means to accept donations from live-stream viewers, while back in December, Instagram also added some new options to make it easier to go live using third-party tools via desktop PCs.

Live streaming has been a major shift in China, where shopping live-streams, in particular, have led to massive opportunities for streaming platforms. They haven’t caught on in the same way in Western regions, but as TikTok and YouTube look to push live-stream adoption, there is still a chance that they will become a much bigger element in future.

Advertisement



Which is why IG is also trying to stay in touch, and add more ways for its creators to engage via streams. Live-stream games is another element within this, which could make this a better community-building, and potentially sales-driving option.

We’ve asked Instagram for more information on this test, and we’ll update this post if/when we hear back.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

Trending

Follow by Email
RSS