By: Kylie Stanley, PR Technician
In 2023, companies are taking the time and effort to access their opportunities and think about long-term impact, and short-term actions. This is inspiring marketers to be more strategic on platforms while working with the ever-changing algorithms.
Hootsuite released their 2023 Social Trends report and in this blog, we will discuss the future of social media marketing.
“With the recession, with COVID, and just being more financially pinched… marketing dollars always
get cut. When we’re strapped for resources, creators become a very appealing tool for marketers,” said Leah Gritton, director of integration strategy, Energy BBDO.
When working with influencers it’s important to do your research as you can discover a variety of influencers across different platforms. Understanding relevant influencers and their audience will help identify potential influencers to work with. Don’t be shy to work with influencers who have fewer followers as it’s essential to find a creator that can make content applicable to your product or service.
Return on Investment
Last year, 83% of marketers in Hootsuite’s social media trends survey reported having some level of confidence in the return on investment (ROI) of social media, up from 68% the year before. This year, they asked how confident marketers were that social media was useful for marketing to or engaging with their audience. A whopping 96% of marketers reported some level of confidence on how useful social media is.
All social media metrics can tell you something about whether you’re achieving objectives and meeting your goals. But tracking the right metrics is the key to understanding your social ROI. Run monthly, quarterly and yearly reports to understand how social is performing and what can be done differently.
As leaderships evaluate budgets and have deeper conversations about goals, make sure everyone is on the same page. Social media is a valuable channel for your audience and efforts should be maximized.
Social Media Platforms
More than 84% of TikTok users are also on Facebook and almost 88% of Twitter users are also on Instagram. People don’t only get different types of value from different networks, they explicitly use different social networks for different purposes.
As social media platforms introduce new features, make sure to reflect on your business goals. Focus on creating content that is well suited to the platform and your company, instead of trying to keep up with every new feature.
Some recommendations we have are conducting a social media audit to evaluate what audiences are on what platforms and how does your social media presence compare to your competitors. We also recommend making your content fit each platform. Having your social content reflect the platform it’s getting posted on allows you to more easily target your audience and build a stronger strategy.
Building a brand and connecting with your audience can be difficult, but developing goals, taking a deeper dive into your social strategy and creating an online presence, makes it easier! We hope with the look inside the top social media trends of 2023 that this helps to give you insight and ideas of what you should be striving for.