Browsing Category Tech Trends

Instagram Reaches 400 Million Users

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Luxury Brand Marketing Instagram News

InstagramNews Announced that it has reached a community of users of 400 million.

The network said,

“Our community has evolved to be even more global, with more than 75 percent living outside of the US. To all the new Instagrammers: welcome! Among the last 100 million to join, more than half live in #Europe and #Asia. The countries that added the most Instagrammers include #Brazil, #Japan and #Indonesia.”

This is great news for Luxury Brands who are looking to expand their consumer reach for Luxury Buyers. What is even more impressive is how quickly the global reach for Instagram has increased in just one year.

Social Networks Growth Comparison

Facebook, the Parent Company of Instagram still by far is the largest and most active Social Network for a business looking to build brand loyalty with Consumers. The amount of users is at 1.5 Billion. Yes you read that right, Billion.

Facebook Stats:

  • 968 million daily active users on average for June 2015
  • 844 million mobile daily active users on average for June 2015
  • 1.49 billion monthly active users as of June 30, 2015
  • 1.31 billion mobile monthly active users as of June 30, 2015
  • Approximately 83.1% of our daily active users are outside the US and Canada

Twitter has been having an identity crisis for quite some time now, especially since they are looking for a permanent CEO. I still think #Twitter is great tool for viral campaigns. There is still so much a business can utilize Twitter for. For instance: customer service, building a local network, consumer-relationship development, etc. I think with some serious focus and a strong leader (CEO), Twitter could really help businesses make an impact online.

Pinterest has just recently hit 100 million users. I also still love #Pinterest and know a lot of Retailers that receive in-store requests from product posts that they posted on Pinterest. Pinterest has a high sales conversion for products with lower end price points.

  • 100 Million Monthly Active Users
  • 42% of online adult women use pinterest
  • 92% of pinterest pins are made by women
  • 83% percent of active users prefer to follow a brand than a notable celebrity
  • 73 percent of active users prefer to follow a beauty brand than a notable makeup artist
  • 70 percent of active users prefer to follow a hair care brand rather than a notable hair stylist

 

INSTAGRAM Statistics Luxury Brand Marketing

Suereea’s Consultant Advice

I am a big fan of “focusing.” I tell my clients that it is best to start with one social network and that would be Facebook. Unless you are already getting sale conversions, or online leads from another social network, then stick with that. Work on one social network at a time and do it well. Once, you feel like it has developed into a brand loyal community, then try another.

The argument then, is always that the content production is so time-consuming, as well as the optimization. You still need to have all of these Social Networks in your online web presence. You can always hire a Brand Manager in-store or an outsourced Internet Marketing Agency, or both.

For My Retail Jewelers: Jewelry performs excellent on Instagram!

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Suereea Mathews

Agency 333 – Luxury Brand Marketing
Facebook Marketing Expert
Social Media Network Power Influencer

Forget Cyber Monday Try Cyber Week And Even Cyber Month

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The Biggest Cyber Monday Yet!

Are you a Retailer that does not offer Cyber Monday Incentives? 

These statistics will change your mind. Cyber Monday is definitely not losing its appeal with consumers. To the contrary, e-commerce sales went up 17% making it the biggest online shopping day that has been seen yet. Most e-commerce stores, decided to continue online sales for the rest of the week as well as through the end of the month.

E-commerce sales on the Monday after Thanksgiving hit $2.04 billion, up 17% compared to a year ago, according to analytics firm comScore, making it the biggest online shopping day ever, and the first to surpass $2 billion in sales. For the full five-day period, sales rose 24%, and e-commerce sales so far are running ahead of forecasts.

“Any notion that Cyber Monday is declining in importance is really unfounded, as it continues to post new historical highs and reflects the ongoing strength of online this holiday season,” said comScore Chairman Emeritus Gian Fulgoni.

The numbers come as a welcome tonic for retailers after the National Retail Federation estimated that sales, both online and in stores, over the Thanksgiving/Black Friday weekend were a bust.

http://fortune.com/2014/12/02/cyber-monday-sales-pass-2-billion/

Black Friday Sales Down In-store Online Sales Skyrocket? Have you read the article Black Friday Sales Down In-store Online Sales Skyrocket? The statistics in these articles are a great way to help you plan your 2015 Internet Marketing Strategy for the 2015 Holiday Season. It is never to early, or even to late to start making this plan. Need some help to get started? Click the blue link below. Agency 333 Luxury Brand Marketing is here to help your business.

Website Audit & Internet Analysis

Having a difficult time figuring all of this Internet Stuff out?

Click Here For A Website Audit & Internet Analysis

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Suereea Mathews

Agency 333 – Luxury Brand Marketing
Facebook Marketing Expert
Social Media Network Power Influencer

 

Black Friday Sales Down In-store Online Sales Skyrocket?

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So How Did This Black Friday’s

Preliminary Results, Rate On Performance? 

Consumer

Our Team at Agency 333 Luxury Brand Marketing  has been scoping out all of the Early Statistics on Black Friday and as we suspected, E-commerce Websites & Mobile Commerce have become dominant over brick and mortar retail stores. The early adopters of E-commerce are definitely loving these stats. For our traditional business models, who have yet to integrate internet marketing and social media these statistics might be troubling. Maybe it is time for you to re-evaluate your marketing plan for 2015.

According to the National Retail Federation

“Early holiday promotions, the continued growth of online shopping, and an improving economy changed the way millions of people approached the biggest shopping weekend of the year.  According to NRF’s Thanksgiving Weekend Spending Survey conducted by Prosper Insights & Analytics, 55.1 percent of holiday shoppers were or will be in stores and online over Thanksgiving weekend, down from 58.7 percent last year. Overall shopper traffic from Thanksgiving Day through Sunday, November 30 dropped 5.2 percent from 2013 (133.7 million unique holiday shoppers versus 141.1 million in 2013). Total shopping, including multiple trips by the same shopper, was also down this weekend (233.3 million versus 248.6 million). This is the 11th survey NRF has released in partnership with Prosper.

“A strengthening economy that changes consumers’ reliance on deep discounts, a highly competitive environment, early promotions and the ability to shop 24/7 online all contributed to the shift witnessed this weekend,” said NRF President and CEO Matthew Shay. “We are excited to be witnessing an evolutionary change in holiday shopping by both consumers and retailers, and expect this trend to continue in the years ahead.”

According to the survey the average person who shopped or will shop the holiday weekend will spend $380.95, down 6.4 percent from $407.02 last year. Total spending is expected to reach $50.9 billion, down from last year’s estimated $57.4 billion. Additionally, more than three-quarters (77.2%) say they took advantage of retailers’ online and in-store promotions to buy non-gift items for themselves or their family, similar to last year’s 76.4 percent.

I found the statistic below to be a big wake up call to the Luxury Industry. If you do not have an e-commerce store now, you have officially fallen behind. You may have higher price points and will never close one single sale online, but it is absolutely necessary to have an e-commerce website at this point.

Nearly 42% of holiday shoppers budget spent online

Last Year GE Capital Retail Bank’s second annual Major Purchase Shopper Study has found that a growing number of consumers extensively research and compare prices and financing offers before making major purchases.”

Click Here To Read The Full Article:

https://nrf.com/media/press-releases/early-promotions-online-shopping-and-improving-economy-changing-the-face-of

81% of Consumers Go Online Before Heading out to the store

According to the study, 81% of consumers go online before heading out to the store, up 20% from last year, and spend an average of 79 days gathering information before making a major purchase. While consumers carefully consider before they buy, 41% of random major purchase shoppers say they are more open to making a large purchase than they were a year ago.

What your E-commerce enabled website, will do is help your consumers research your products online before they make the trip out to your store. E-commerce Websites are a big, time commitment and can be costly. So I suggest that you take the time to do your research. The point is to at least feel an urgency and prioritize executing the e-commerce website research. This year for your 2015 Internet Marketing Strategy make sure to have e-commerce in your next 2 year marketing strategy.

Click Here To Read The Full Article:

http://www.retailingtoday.com/article/study-81-research-online-making-big-purchases

Website Audit & Internet Analysis

Having a difficult time figuring all of this Internet Stuff out?

Click Here For A Website Audit & Internet Analysis

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Suereea Mathews

Agency 333 – Luxury Brand Marketing
Facebook Marketing Expert
Social Media Network Power Influencer
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Why do you need to have a Business Facebook Page?

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Facebook Marketing and the Small Business

As a Facebook Marketing Expert, I  get these questions a lot.

Why does my Business need a Facebook Fan Page?

To Build Consumer Brand Loyalty

A Facebook Page is one of the most cost-effective ways to advertise online and build brand loyalty.

Small businesses actually benefit the most from Facebook Fan Pages because they can target consumers in their local area. Retailers can actually target potential new consumers by also pin-pointing other locations where potential new consumers could be acquired from. New customer acquisition can be tough for a business. Facebook gives you the opportunity to advertise to these local consumers and connect with them on their mobile phones.

A small business offers products and services to a smaller radius of consumers. Facebook gives you access to your local customers for a fraction of the cost that you normally pay with traditional advertising.

What if your Competitors Already Have A Facebook Fan Page?

There is a reason that 30 million businesses have Facebook Fan Pages. Is your business one of them? You will be giving your customers a valuable entry point into your business. Consumer shopping habits have changed and the majority of consumers are now shopping from their mobile phones. Welcome to the Age of Mobile Commerce.

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Image Copyright of Suereea Mathews & Agency 333 LLC – Luxury Brand Marketing

Will I Receive any ROI (Return On Investment)?

Here is a great case study that outlines Facebook Fan Page Community Growth leading to an increase in Revenue. Yes you can make money from your Facebook Fan Page.

https://www.facebook.com/business/success/artisans-du-passage#u_0_6

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Here is a Brand Case Study for the Retail Jewelry Industry:

Click Here to see the Entire Case Study: https://www.facebook.com/business/success/verragio

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