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New Report Finds Social Media Video Now Sees as Much Consumption Time as Traditional TV

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New Report Finds Social Media Video Now Sees as Much Consumption Time as Traditional TV

Underlining the rising influence of online content in broader media consumption, a new study conducted by the Consumer Technology Association, to be released in conjunction with the annual CES industry event, has found that US consumers now spend almost as much time streaming videos on social platforms as they do watching traditional TV.

As reported by Variety, the study, which incorporates responses from over 2,000 respondents, shows that, overall, user-created content on social platforms now accounts for 39% of weekly media hours consumed by Americans, versus 61% for traditional media.

You can see the breakdown in this listing, with traditional TV consumption taking up 18% of overall media consumer time, against 16% for user-generated content online.

And as you would expect, that trend is even more pronounced among younger consumers.

As per Variety:

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“Teens 13-17 spend 56% of their media time with user-created content compared with just 22% among consumers 55 and older.”

The data underlines the evolving shift away from traditional media, and towards more democratized social media platforms as the key form of content consumption. Which is important to note for brands – though it is also relevant to note that traditional TV and subscription-based video, right now, still takes up the lion’s share of media consumption time.

While there’s clearly significant value in UGC, and big benefits for exposure and audience building in social apps, there’s also still something to be said for editorially-defined content. And while VOD services look set to be the death knell for traditional TV, despite younger consumers aligning with individual creators more than channels and shows, moderation and publishing control do still play a key part in sorting the cream from the crop, and amplifying that material to bigger audiences.

That has changed, of course, over the past decade, but it is interesting to note the significant role that editorially-curated content still plays in the broader media landscape. Younger consumers are far more aligned with individual creators that they find and subscribe to, and that is a key daily consumption trend to note. But in terms of spending your media dollars right now, there remains significant value in these legacy (for lack of a better term) formats, that could drive strong results.

In other words, don’t put all your eggs in one content basket, but do ensure that you’re aware of the latest consumption trends, which are set to be shaken up again over the next decade as we see a new wave of metaverse-native creators taking up this new stage.

The CTA study also found that around 20 million creators in the US are monetizing their content in some way online, with the average income for online creators sitting at $768 per month.

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Of revenue earned by creators, 28% is from merchandise or fan experiences; 27% is from content subscriptions; 27% is from a la carte payment for content; 16% is from tips; and 2% is from other sources.”

While platforms are working to add more monetization options for creators, in order to retain top stars, and keep their audiences coming back for more, merch and subscriptions remain the top earners, with tips still a way behind.

Which makes sense. While people may well like, and even love certain creators, they’re still not overly likely to pay for something that they can get for free. For creators, that means that you need to work on your added value proposition to maximize your revenue streams, and developing products and/or services that you can provide in addition to your regular content to boost your opportunities.

It’s an interesting report on the current state of the media landscape, and the changes that have transformed the way that media distribution works to a large degree. Given this, if you want to maximize your brand messaging in 2022, you should be looking to diversify, with popular UGC in your niche now a key pipeline for many brands to reach the right audience.

That could be even more effective than TV ads, which have long been viewed as the premium ad placement option. TV ads will still secure greater brand awareness in many respects, but depending on your audience, there could also be better, more valuable ways to connect.


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

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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.

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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.

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

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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.

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“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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Instagram Tests Live-Stream Games to Enhance Engagement

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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.

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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.

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