Wednesday, 6 April 2016

Snapchat Marketing: Is it Right for Your Business?




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What's the fascination with Snapchat, especially from the marketing perspective? Good question. I have to admit the "youngins" picked up Snapchat long before we started considering it as a marketing tool.  
You may be sitting there wondering what Snapchat is?  No worries, you aren't the only one, let me give you a brief introduction before we start talking about its marketing value.  
Snapchat launched in 2011.  It is a mobile messaging application.  In the beginning, it was a great way to send photos and videos without bogging down your phone's storage.  The younger kids picked up on it first. They could add captions, drawings, and even filters to their photos and videos before sending them to friend and family, thus the term "snap."   The element that attracted most users was the fact that you could only view the "snap" for 10 seconds before it disappeared.
 Poof – gone for good!  Now, you can probably see the attraction for tweens and teens.   Today Snapchat has over 100 million active users and over 7 billion daily video views.  Now, you understand the attraction to marketers.  
Snapchat closely resembles how we communicate face-to-face than any other social network. when we talk to each other, passing in the halls or just living out our lives, those moments disappear. Snapchat emulates that behavior and psychology.  Moments are temporary and that's exactly the feeling and behavior that Snapchat matched to." 
In 2013, Snapchat introduced a new feature called Snapchat Stories.  This enabled users to string together photos and videos  taken throughout the day creating narratives.   Think of it as a Twitter feed or Facebook timeline.  The stories last for 24 hours.  This new feature took hold and users continued to grow, according to Business Insider over 40% of 18-year-olds were using Snapchat.  
In 2015, they launched a new feature called Discover.  Discover took Snapchat to an entirely new level. Discover connected SnapChat users with top media companies and media companies started publishing content to the app users.  The companies they launched with included ESPN, Cosmopolitan, National Geographic and CNN.  This feature has pushed the platform into a prime position for monetization.  
Ok, so that's a brief history on SnapChat, now let's talk about why marketers are bringing it to the attention of business owners.  
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Snapchat users have centered around the millennial generation that's one attraction, but other generations are adapting to it daily and active users continue to increase in volume.  Facebook as continually been losing the younger audience to applications like Snapchat, ComScore reports that three out of every  five 18-24-year-olds use Snapchat. The numbers are attractive and the application carries more value than just snapping photos and videos that disappear.  
There is a lot of buzz about Snapchat lately, but you are really the only one who can determine if it's the right social platform for you and your business.  It is growing in popularity and users on a daily basis, so let's explore some of the ways that Snapchat can be used so that you are able to make the educated decision on whether or not it fits into your marketing strategy.  
The challenge with Snapchat is that the marketing options are not as advanced as those available on social platforms like Facebook.   You need to have a clear understanding of the objective you want to achieve with Snapchat and how it adds value to your overall social marketing strategy.  Snapchat does take a considerable amount of time to create a presence that is continuous and strong.   

In my next blog I’ll talk about how you can get started with SnapChat

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