2018 Social Media Trends: Instagram, Influencers and Facebook
With the rise of new platforms such as Instagram Stories and the increased challenges of perennial brand favourites such as Facebook, the future of social media in the next 12 months is uncertain.
Content which starts a conversation â without being blatant clickbait â is the best approach on Facebook, with video and live content now picking up the most engagement from users.
For brands with a visual story to tell, Instagram â and particularly its popular Stories format â are offering a solid alternative to the Facebook newsfeed behemoth, particularly when it comes to engagement rates.
An average story reaches about 7-8% reach of an accountâs Instagram audience with top social media influencers achieving 2-3x that amount.
For fashion and make-up brands in particular, using social media influencers is paying off.
Rezab advises that working with micro-influencers in a specific niche is likely to generate a more favourable return in investment.
With algorithm changes, high profile data breaches and new platforms galore, is the promise of social media coming to an end? No, but marketers must come to terms with adapting to constant change, according to Jan Rezab, co-founder of social media analytics company Socialbakers.
Although drops in paid and organic reach on Facebook are hitting many brands hard, Rezabâs advice is not to panic.
âIf you're a marketer making decisions, what (drops in paid reach) tell you doesn't mean that you should advertise less on Facebook. It means, on the contrary, that most brands need to still double up on their social media investments,â he explained at the Socialbakers social media conference in Bali, Indonesia recently.
With platforms regularly updating their algorithms, change is to be expected.
âBe smart about it and definitely don't panic the second Mark Zuckerberg posts something on his Facebook page - if you have a really good strategy and if you keep adapting it with data, then this shouldn't shock you and absolutely should not come as a surprise to anyone.â
With the most recent changes at the start of 2018 slamming brand reach, how can marketers stay on top of the newsfeed? According to Rezab, content which starts a conversation â without being blatant clickbait â is the best approach.
âWhen you're creating content, the thing that I would suggest adapting content that can bring up a conversation. Usually, that's video content or live content. Live content generates, by far, the most engagement and most comments of all the content types on Facebook,â he said.
âThat doesn't mean every single piece of content on your page should be a live video from now on. You have to iterate, you have to try. You have to be smart about what content you post,â he warned.
âNow, more than ever, it's really important to choose your audience right and do advertising a very, very smart way.â
Getting it right on Instagram
For brands with a visual story to tell, Instagram and its popular Stories format are offering a solid alternative to the Facebook newsfeed behemoth, particularly when it comes to engagement rates.
âOn Facebook, we see e-commerce, retail, services, fashion, and beauty. On Instagram this is very different - it's visual content, so fashion, beauty, and auto are the top three categories on Instagram,â Rezab revealed.
Rezab predicts that Instagram will be the next platform to reach the one billion users mark, potentially in the next few weeks.
âWe're seeing Instagram take over on a lot of factors. People are spending more and more time on Instagram,â he said, noting that the move of advertisers to invest in Instagram advertising is one of the most dramatic trends currently happening in social media.
In November 2017, Instagram announced that its Stories platform â similar to Snapchatâs disappearing video stories â had hit 300 million users a month. Rezab predicted that by the end of the first quarter of 2018, that figure was likely to have exceeded 400 million.
âAn average story has about 7-8% reach of your Instagram audience. If we actually look at influencers, or the top of the market, they get 2-3 times higher numbers,â he said.
âWe looked at the top brands - we looked at just the segment that does really, really well. Those got 20-30% reach on their stories. In fact, there were some crazy brands that did 35-40 percent. And for some of those brands, 70% of their total Instagram reach came from stories. So they did a really amazing job at engaging that audience.â
While Instagram Stories wonât work for every brand and remains a smaller platform â for now â it may also provide a useful alternative to Snapchat, which has suffered several wobbles in recent months. Snapchat was recently called out by pop singer Rihanna for an ad which made light of domestic violence. The resulting furor saw the companyâs owner, Snap Inc, reportedly take a US$800 million hit to its market value. Likewise, when millennial super-influencer Kylie Jenner â who is one of the most followed celebrities on the platform - tweeted that she was less interested in using Snapchat, the companyâs stock price dipped.
So is Instagram Stories the next âlatest and greatestâ platform to connect with distracted consumers? Rezab believes that Instagram Stories offers marketers a genuine opportunity to achieve organic reach, and be creative in their visual storytelling, but that it wonât overtake the Newsfeed juggernaut.
âFrom pulling all the data, I can kind of say that that's not going to be the case. It's going to be a great addition and for some users it's going to be the hardcore thing they want to use but, for the majority, the Newsfeed's going to probably be here to stay.â
Influencers are more important than ever
For fashion and make-up brands in particular, using social media influencers is paying off. Rezab advises that working with micro-influencers in a specific niche is likely to generate a more favourable return in investment.
âOnly a small percentage have (one million followers)⊠if I could recommend one thing to brands: work with the smaller ones. Of course, to manage that is just insane. It's really, really difficult,â he said.
Authenticity is key â and that means marketers need to give up some of the control.
âIf you're thinking, I can control my brand message with influencers? Forget it. My number one recommendation for influencers is give them one, two or three conditions and let it go. You're giving the brand to them a little bit. They're going to mix it and remix it. But if you want to be in that world, you've got to learn to let go of certain brand aspects,â Rezab explained.
âThe worst thing you can do is coming to the influencer saying, "Okay. This is how we want you to say it. This is how we want you to talk about it. This is how we want you to compliment our product. Perfect." And give that to them. No, no, no,â he said.
âThe best way to come to them is, "This is our product. What do you think you could say about it? How will you promote it to your audience?" Because guess what? You might have all the insights in the world, but they can still promote your product better than you can promote your product, because they know their audience the best.â