11/12/2020
How Important is Social Media Marketing for the Businesses?
Currently, there are over 200 social networks worldwide, with a combined total number of users in billions.
Understanding and targeting these users is a huge business opportunity.
Social Networks like Facebook, LinkedIn, Reddit, Tumblr, YouTube, Instagram, are used extensively by people.
The figures below would make it clearer to you about the power of these social networks. Also, you will have a fair idea about the great marketing opportunity they offer for businesses.
* Over 20 million websites have integrated with Facebook. (Source: Statista)
* 73% of Facebook users check their feed 5-6 times daily. (Source: Statista)
* More than 5 million photos are uploaded on Instagram every hour. (Source: Statista)
* 467 million users are there on LinkedIn and the website is available in 24 languages and in 200 countries. (Source: Statista)
* Instagram generates higher average orders than other social networking websites. This is especially impressive considering the only clickable links on Instagram are those in profile bio’s. (Source: Shopify)
* Facebook has the highest conversion rate for all social media e-commerce traffic at 1.85%. (Source: Shopify)