26 Facebook statistics marketers should know in 2023
26 Facebook statistics marketers 2023
Know whether your target audience is still on Facebook? Or if you should keep investing in Facebook ads? Staying on top of the latest Facebook statistics will give you the insights you need to update your Facebook marketing strategy. Even after all this time, Facebook continues to be the most popular social media platform. In fact, the Sprout Social Index found that it’s the top platform for both consumers and marketers. It’s the platform that 71% of consumers and 65% of marketers plan to use the most in 2023. With that said, let’s find out some vital Facebook stats that can inform your marketing strategy. Table of contents
General Facebook stats every marketer should know
Facebook usage statistics
Over the years, Facebook has become almost synonymous with social media. It continues to be the biggest social media platform and is widely popular on a global scale. Here are some of the key Facebook usage statistics to understand its popularity: 1. Facebook has nearly 3 billion monthly active users By Q3 of 2022, monthly active users on the platform had grown to 2.96 billion. Although adoption has slowed down, usage is still seeing an upward trend. This puts Facebook on track to hit the 3 billion monthly user mark. So if your brand doesn’t have a presence on the platform, you’re missing out on the chance to reach billions of people. 2. Americans spend about 33 minutes on the platform daily On average, American users spend about 33 minutes on Facebook daily. This puts it ahead of other leading platforms such as Twitter, Instagram and even TikTok. These numbers suggest that the platform is still seeing a high level of engagement from its user base.
26 Facebook statistics marketers 2023 Source Facebook user statistics Facebook may have billions of users, but how are these people using the platform? Let’s look at a few vital Facebook user statistics to find out: 3. 67.5% of monthly users are active daily Out of the 2.96 billion monthly active users, 2 billion people use the platform daily. That’s 67.5% of users who spend at least some amount of time daily on the platform. In other words, there are billions of people your brand could potentially reach every day. The key is to get ahead of the Facebook algorithm so you can get more organic visibility. 4. Only 18% of American users feel that Facebook protects their data and privacy Even though Facebook is highly popular, trust in the platform has dropped drastically over the past couple of years. Only 18% of American social media users trust Facebook to protect their data and privacy. This puts it at the bottom of the list, making it the least trusted social media platform.
26 Facebook statistics marketers 2023 Source 5. Messaging friends and family is still the top activity on Facebook Seventy-one percent of users say they use Facebook to message friends and family. This suggests that the platform’s “social” factor is still alive and kicking. Other popular activities on the platform are posting/sharing photos and videos (62.9%) and keeping up to date with news and events (59.5%). A significant number of users (55.2%) follow and research brands and products on Facebook. So although it’s mostly for social, your brand can still use the platform to build authentic connections. 6. It’s the most used platform for customer service As the use of social media for customer service becomes increasingly popular, Facebook has become the go-to platform. The 2022 Sprout Social Index found that 60% of consumers use Facebook to get customer service. And 69% of marketers provide customer service through the platform.
26 Facebook statistics marketers 2023 This makes it the most used social media platform for providing and receiving customer service. In other words, you need to ramp up your customer service efforts on the platform. Facebook advertising and marketing statistics Is Facebook marketing still worth it? And are you getting the most out of your Facebook advertising strategy? Check out these Facebook ads statistics to understand advertising impact on the platform. 7. Facebook ads see an average click-through rate (CTR) of 0.90% According to a WordStream study, Facebook ads get an average CTR of 0.90% across all industries. That said, click-throughs vary for industries, with retail, legal, apparel, beauty and fitness sectors seeing a CTR of at least 1%. 8. Advertising on Facebook costs $1.72 per click The same study found that the average cost per click (CPC) is $1.72 across all industries. However, you can expect to pay much more in certain industries. For example, the average CPC for finance and insurance and customer service sectors is at least $3. 9. The average conversion rate is 9.21% across industries Facebook sees a fairly high conversion rate for ads on the platform. On average, you can expect a conversion rate of about 9.21% for your Facebook ad. However, the specifics may vary depending on your industry. Fitness, education and healthcare sectors see a significantly higher conversion rate.
26 Facebook statistics marketers 2023 Source 10. Facebook generates the highest ROI Needless to say, with such high conversion rates and low CPC, marketing on Facebook yields high returns. In fact, Facebook generates the highest return on investment among all other social media platforms. Facebook engagement statistics With organic visibility on Facebook on the decline, it’s only natural to see a drop in engagement levels as well. But does this put Facebook at a disadvantage over other social media platforms? Here’s a quick look at some vital stats to understand where Facebook stands in terms of engagement: 11. The median engagement rate on Facebook is 0.064% According to a RivalIQ study, brands see a median engagement rate of 0.064% across all industries. This is about the same as the median Instagram engagement of 0.067%. In other words, Instagram isn’t inherently better for engagement than Facebook.
26 Facebook statistics marketers 2023 Source 12. Photo posts and status posts have the highest engagement The power of visuals is still evident on Facebook, with photo posts getting the highest engagement at 0.12%. Status posts come next with an average engagement rate of 0.11%. Video posts perform fairly well with an average engagement rate of 0.08%. Link posts, on the other hand, are the worst for driving engagement. They see an average engagement rate of only 0.04%. 13. Frequent posting doesn’t result in higher engagement Contrary to popular belief, posting frequently doesn’t necessarily result in higher engagement. As the RivalIQ study points out, influencers and sports teams see the highest level of engagement across all verticals. However, influencers are infrequent posters, publishing fewer than 10 posts per week. Meanwhile, media companies publish almost 90 posts a week and only see an average engagement rate of 0.05%. Rather than frequency, post timing should be your main focus. Know the best time to post on Facebook so you stand a better chance of driving engagement. Facebook video statistics As video marketing continues to gain popularity, it’s important to be aware of how video performs on Facebook. Here are some key Facebook video statistics to inform your strategy: 14. Live videos see higher engagement than pre-recorded videos Compared to pre-recorded videos, live videos see a much higher engagement rate. The specific number varies depending on account size, with the gap decreasing as fan size increases. However, for accounts with at least 50,000 fans, pre-recorded videos perform slightly better than live videos. 15. People prefer to watch videos with the sound off ChatterBlast Media found that sound-off videos tend to perform much better than sound-on videos. People are much more likely to watch a video to completion with the sound off. This stays true regardless of the advertising objective.
26 Facebook statistics marketers 2023 Source
Facebook device statistics
Are you designing your Facebook ads to look great on any device? Check out these Facebook device statistics to understand how people are accessing the platform. 16. Most people access Facebook from any mobile phone Almost all Facebook users (97.4%) access Facebook from any type of mobile device. Moreover, 68.7% of users exclusively use their mobile phones to access Facebook. This indicates how there’s an overwhelming preference for mobile phones to access the platform. Brands will need to keep the mobile experience in mind when developing their content strategy and ad creative for Facebook. 17. Only 2.6% of users exclusively use computers to access Facebook While 28.7% of users use both their phones and computers to access the platform, only 2.6% of users prefer to use only their laptops and desktops.
Facebook feature stats (Reels, Stories, Messenger)
So, what sort of content should you post? What features are growing and what’s stagnant? Let’s review some Facebook stats that break down some of the platform’s key features: 18. More than 500 million people use Stories every day According to internal Facebook data, half a billion people use Facebook Stories each day. This speaks to the popularity of the platform’s feature, making it a useful tool for brands to engage their audience. 19. Facebook Messenger has over 1 billion users Meanwhile, there are at least 1 billion people using Facebook Messenger. That’s a billion people you could potentially reach through ads on Messenger. 20. Reels hit 140 billion Plays per day across Facebook apps The popularity of Reels isn’t dying out anytime soon. In fact, Reels see about 140 billion plays on a daily basis across the Facebook family of apps. With algorithms further pushing this format, Reels could help you gain visibility and engagement. In short, brands can’t afford to put this short-form video format on the back burner.
Facebook audience and demographics statistics
Wondering if you’re reaching the right audience on Facebook? What if your target demographic isn’t even on the platform? Here are a few Facebook stats highlighting the platform’s audience and demographics: 21. Users ages 25-34 years represent Facebook’s largest audience Despite the platform’s reputation as a seemingly “older” network, 23.7% of Facebook users in the United States are between the ages of 25 and 34. Moreover, the platform sees higher usage among people below the age of 44.
26 Facebook statistics marketers 2023 Source 22. Usage among teens has dropped sharply That said, the platform’s popularity among teens has seen a significant drop. Only 32% of teens were using Facebook as of 2022. This is a sharp decline compared to the 71% who were using the platform between 2014 and 2015.
26 Facebook statistics marketers 2023 Source 23. Facebook has more male users than female Facebook currently limits its reporting to male and female. And based on the data, the platform has a higher percentage of male users (56.6%) than female users (43.4%). 24. India has the largest Facebook audience size While Facebook sees significant usage across various countries, India has the greatest number of users. Latest reports show that there are 329.65 million Facebook users in India. The United States comes next, with 179.65 million users.
Facebook consumer behavior statistics
Finally, are people even buying stuff through Facebook? Here are some stats on how consumers are behaving on the platform: 25. Facebook has the highest number of social commerce buyers According to eMarketer, Facebook boasts the highest number of social commerce buyers. Here, social commerce buyers refer to users over the age of 14 who have made at least one purchase on the platform. By 2023, the platform will see 65.7% of U.S. social commerce buyers. 26. When shopping online, 19% of U.S. consumers start their search on Facebook The same report found that some U.S. consumers begin their online buying journey by searching on social media. Besides YouTube, Facebook is the second most popular social media platform to start their search when shopping online. So the right Facebook tools and marketing strategy could help you drive purchases through the platform. Want to know more? Discover the latest social media marketing statistics for 2023. How to get verified on Facebook: Your step-by-step guide
How do these Facebook stats inform your social media strategy?
These key Facebook statistics should give you some idea of where the platform currently stands in the social media landscape. As such, you can use these to guide your strategy and understand what to prioritize. Don’t forget to look at your Facebook analytics for brand-specific performance data to further inform your decisions.
Facebook statistics FAQs
How do I find my Facebook stats?From your brand’s Facebook Page, click on the menu button at the top and select “Professional Dashboard.” This will give you access to some essential Facebook stats about your Page performance. Is Facebook activity declining?Facebook adoption is seeing some decline. However, American users are still spending around 33 minutes per day on the platform. Is Facebook still a relevant social networking platform?Facebook is still the biggest social media platform and continues to see an increase in monthly active users. As such, it’s still a highly relevant platform to market your brand. What’s next for Facebook in 2023?In 2023, we’ll likely see Facebook pushing its new features and investing into the Metaverse. Source link Read the full article