Organic
reach online has become a bane to many Digital marketers. Staying up to
date with Google’s algorythm changes is rapidly becoming a full-time job. Even
more important is getting your brand’s message to our fans’ News Feeds (especially
if it happens without paying for it)
This trend becomes
even more visible in sectors like the retail sector, where a brand’s social
media presence is not only about building a brand through its engagement, but more
importantly about driving customers to purchase their products.
A lot of Social Media channels are changing today.
Take Facebook for example. According to eMarketer, the age group that will show
the biggest increase in the share of Facebook users in the coming year is 65+
year-olds.
However, the other age groups are set to
remain more or less, as is. A key point to note here is that the biggest slice
of the Facebook pie is with the 25 – 35 year-olds. These people really want to
see retailer promotions in their social news feeds, particularly on Facebook.
This is good news for marketers as it is the
25+ age group who have the money and are willing to spend the most money online.
It’s also good news for retailers as the same age group is the one most likely
to make a purchase via a promotion on a Facebook page.
The Millennial generation
For a lot of people who have been using
Facebook, it is losing its appeal as they move on to other channels which are
not populated by their parents and elders. A vast majority of these young
adults still have a Facebook account, but they are less likely to use it
because of privacy issues.
So
then, where are the Millennials?
Noticeably, this age group has an increasingly
strong presence on Twitter. A survey conducted online, revealed that the 18 –
25 year-olds want to hear about retail promotions and offers but prefer reading
about them in their Twitter feeds.
This is also backed up by research
which found out that as many as 85% of this generation follow a brand or
company on Twitter to get a coupon or discount.
However, interestingly, it also shows that the
same segment doesn’t have big spenders on Facebook.
It is also found that 29% of consumers follow
their favorite retailers on social channels mainly because their updates are
interesting, whereas, 33% of them follow only brands only for offers.
This is a compelling evidence for a healthy
approach to content marketing where consumers pick up interesting content but
also are on the look for offers and promotions. Retail can hence, flourish
online, especially with the younger demographics.
Discount’s drive Sales
One interesting finding is that there is a
major chunk of consumers who purchase only when a discount or offer is
available.
This is very important information for Marketing
and Brand Managers to consider while working on their social media strategies.
Grab
the opportunity!
Social media channels are undoubtedly crucial
in creating engagements, but they also increasingly drive sales. India is
moving ahead with the times and hence online activities like promotions, offers
and discounts have an impact on the behavioral changes being bought about in
consumer’s pattern of buying.
It is the smart retailers and digital
marketers who will be able to reap the benefits of this growing digitally savvy
economy.