Wednesday, August 5, 2020

Here's what businesses, brands and the average user can anticipate for the future of social platforms.

9 min read

Opinions expressed by Entrepreneur contributors are their own.

The last decade has seen social media solidify into thriving, multifaceted communities where more than 3.2 billion people worldwide are active daily. More than 90 percent of millennials regularly use at least one of these platforms, and more than 85 percent of Generation Zers learn about new products through social media. It’s not hard to see why nearly three-fourths of marketers believe social media is an effective part of their business.

As we close this decade down, there’s no doubt that social media will play a growing role in our lives for the foreseeable future. So, how should businesses, brands and even the average user anticipate the future for social platforms?

Here’s a breakdown of some of the biggest trends we’ll see evolving on social media in 2020 and years to come.

1. The death of the “like” button on Instagram.

It’s no secret that brands (and even regular users) often fixate on “likes,” comments and followers on social media as a measure of popularity and brand recognition. But this obsession is having a negative impact on our mental health and can actually stymie the free flow of engagement. We go along with the crowd, click a button and stop engaging in a meaningful way.

Related: 10 Laws of Social Media Marketing

Instagram is the latest in a long list of social media sites seeking to make likes less prominent. You will no longer be able to see the number of likes other Instagram posts get, although you can still see likes on your own posts.

The idea has been hailed as a way to “depressurize” Instagram and could also help combat fake likes and followers — these padded numbers can make brands and influencers appear to have a wider reach then they actually do. However, if likes do go away, marketers, brands and influencers will need to find ways to adapt to these changes.

2. Less emphasis on “vanity metrics.”

Losing the “like” button on Instagram is part of a broader trend to de-emphasize the use of “vanity metrics” on social media. Twitter CEO Jack Dorsey has said that follower counts are now meaningless, and in a TED conference talk, he said if he could go back, he wouldn’t emphasize the “like” button so much.

For social media marketers and influencers, this should signal that it’s time to start digging deeper into actionable metrics — such as the rate and quality of user engagement on social media. Savvy marketers will take note, and begin exploring user demographics and relevant user data to better understand how to target potential customers.

3. Video story content is king.

Video continues to be one of the most important trends in the social media world. In fact, video will make up 82 percent of all internet traffic in 2020, according to Social Media Today. As social media platforms look for ways to further prioritize video content, marketers will increasingly zero in on videos as part of their overall strategies to target specific markets.

Keep a close eye on how this format reshapes marketing strategies. There will be an emphasis on creative, engaging storytelling that captures user attention in seconds. Brands will need to have a keen eye for how video stories engage users (especially on platforms where the like button goes away).

 4. TikTok is disrupting social video.

The emphasis on video means that video-driven platforms such as TikTok, Lasso and byte will continue to grow in popularity. Of these platforms, TikTok is the social media disruptor currently leading the way, especially with Gen Z users.

The Chinese-owned social video app is well-positioned to shape this trend as it offers fertile ground for influencers, including micro-influencers (another trend we’ll discuss).

Related: 5 Smart Ways to Use Social Media to Grow Your Business

TikTok is upping user engagement with its engaging, fresh and entertaining content that isn’t overly focused on a hard sell. In short, TikTok is the antithesis of your mother’s Instagram account because it shuns the overly curated and filtered view of life Instagram has become known for.

5. Social media audience segmentation.

Whether we’re marketing a product or branding ourselves, we craft our social media posts with our audience in mind — or at least who we think our audience is. The problem is, we don’t always have a firm grasp on who exactly is in our niche, nor do we do a good job of tailoring our message to target specific audiences. This one-size-fits-all approach is missing the boat on audience segmentation.

Segmentation means to strategically divide your audience into meaningful groups based on individual preferences. Segmentation goes beyond basic demographics by allowing you to target and build rapport and a sense of community with specific audience members. In the coming years, segmentation will be a defining line between the savviest social media strategies and those that are just winging it.

6. Personalized video marketing will become a thing.

Audience segmentation goes hand in hand with an increasing level of personalized social media marketing. It makes sense that combining segmentation with our love of video will result in personalized video marketing — think video content that is customizable and hyper-relevant to specific segments of your market.

Social media platforms, including Facebook, Instagram and Snapchat, are already pushing brands to produce video content through Story Ads, in part because these ad campaigns often see higher click-through rates than traditional News Feed ads. Twitter is also jumping into the fray with six-second video ads. Personalized content will take this trend to the next level.

7. Social shopping seamlessly incorporated into social platforms.

In the last 10 years, social platforms have played a significant role in expanding ecommerce into a multibillion-dollar industry in the U.S. The fact is, social shopping is now a big part of social media.

Users expect and want to have access to brands and products through social platforms — the trick is to create a high level of interest through creative and engaging storytelling (which often relies on videos and influencer marketing). Another must is creating a frictionless shopping experience where customers don’t need to leave the social media site to buy products.

There’s no doubt this trend will continue to expand in the new year. Look for an increasing number of shoppable posts, stories and links across all social media sites. And while TikTok isn’t yet being utilized in this way, it likely won’t be long before this platform evolves and retailers begin homing in on ways to crack this platform open to shoppability.

8. Less public, more private interactions.

As our social media “friend” lists become more unwieldy, and concerns about information privacy grow, more users are turning to private groups and messaging apps to connect with others. Messaging apps like Facebook Messenger, WhatsApp and Instagram Messaging allow us to create more intimate groups where we can feel secure in sharing intimate and detailed information with others.

This trend, which is really a return to direct communication, has the potential to be massive. In fact, messaging apps have outgrown social networks as the connective tools of choice for many users. The top messaging apps now combine for nearly 5 billion monthly active users. That’s more users than traditional social networks have worldwide.

9. Audiences want meaningful connections.

As people become more wary of posting in the public social media domain, and interactions migrate away from public view, marketing will also need to follow suit.

Related: 10 Tools for Social Media Managers in 2020

Brands must find ways to create more private, intimate connections with their audiences without becoming overly intrusive. This will likely come down to building brand communities, or groups where your brand message is relevant, but where you are also receptive to direct messaging.

For instance, consider a 2018 Facebook survey of 8,000 people in which 69 percent of respondents said that directly messaging with a company helps them feel more confident about the brand. Other platforms, such as Instagram, offer a “List” feature that enables users to share posts and stories with a select group of friends. The goal is to give audiences more meaningful connections and a feeling of being in an exclusive and intimate environment.

10. Authentic content key to social selling.

When it comes to wooing would-be shoppers to ecommerce social media stores, users are more skeptical than ever. They want to hear insights from real people before they pull out a credit card and close the sale. This is where user-generated content and employee-generated content are critical, with the key being that these must be genuine.

User-generated content (think customer reviews) provide some proof the product may be worthy of trying. Employee-generated content is a bit broader and can include videos, images or blog posts, which may allude to their company’s mission and values, and the overall benefits of the product or services. Employees are seen as trusted insiders and customers find those insights more believable than canned company posts or other generic forms of social media marketing.

11. Influencer marketing goes nano.

When it comes to influencer marketing, it’s time to look beyond the old adage “go big or go home.” For the biggest bang on social media, brands should consider the impact of micro- and even nano-influencers.

While there will likely always be a market for big-name influencers, don’t underestimate the sway of micro-influencers, who have smaller, better-defined audiences. Influencers at this level offer a greater level of personalization and stronger audience engagement. Not only that, but users are more likely to follow an influencer they feel connected to than a faceless brand.

12. Social media is the place to nurture trust.

Brands would do well to remember that social media isn’t just a platform for marketing and advertising; it’s truly the best place to nurture trust and build a relationship with their audience. Social media offers the ultimate opportunity for communicating brand value and engaging with potential customers on their level.

Doing this requires brands to find ways to have a free flow of dialogue and let their hair down. Showing your brand’s human side and increasing transparency will build confidence with audiences. Focus on fun, simple engagement, be responsive to customer communication, and find meaningful ways to show social responsibility and a deeper level of social interaction. Doing this will help you stay ahead of the curve on everything else on social media.

Source

At Internet Marketing For Beginners (IMFB) we provide easy to read introductory information on a number internet marketing subjects to ease beginners into the knowledge they would need to begin the practice of marketing online.

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