The dynamic of social media is constantly changing and 2018 has the potential to be an important year for social media. After analyzing an article from Marketing Land written by Laura Collins, there are some interesting changes that could happen in the world of social media. Listed below are some social media predictions the article points out that could have major implications on the future of the industry.
1. Instagram’s Continued Dominance
2017 was an incredible year for Instagram in terms of revenues, user engagement, and a rapidly growing user base. Instagram is continuing to innovate already in 2018 in ways that are attractive to their users and advertisers. The Marketing Land article mentions how Instagram announced last month that there is a new capability to incorporate hashtags. “Advertisers could pay to target followers of particular hashtags, or perhaps appear in the top posts section for those relevant to their business.” This hashtag integration could ultimately take the platform to new heights if utilized correctly and just like last year, 2018 could be another big year for Instagram.
2. Twitter Revamp
It’s not a surprise that Twitter has been struggling to compete in recent years with the other social media giants for ad revenue. There was very slow growth in 2017 especially and the article predicts that 2018 is “sink or swim” for Twitter’s future. It hasn’t even been a month in 2018 so far and Twitter is already making steps towards changing their ad offerings. The article mentions how new “premium video content partnerships designed to turn the platform into a destination for high-quality entertainment. Its new pre-roll and mid-roll ads will offer advertisers brand-safe inventory with high visibility standards and a chance to target people who are highly engaged and predisposed to view video content.”
3. Snapchat Revenue on the Rise
Although it was reported that 2017 was not Snapchat’s best year, there were still major strides made from the mobile based social media giant. The article points out how Snapchat is learning from their mistakes and they “recently released a pixel to address accusations of a lack of transparency or ability to measure ROI.” There is also talks of a “total redesign of the app as a response to older users reportedly struggling navigating the interface.” Ultimately, the prediction being made for 2018 is that Snapchat will become more flexible for their users and advertisers, and then see ad revenue growth from a more diverse group as a result.
4. Live Streaming Becoming the “Go-to” Option
The drastic increase of live streaming viewership has definitely caught the attention of major social media platforms. It is now a mainstream aspect of most social media channels, as brands have been utilizing live streams to capture the attention of followers. An article from Entrepreneur predicts that in 2018 “more brands will begin to realize the power of live streaming, and will incorporate it into their monthly content plans to help attract a larger following.” Moreover, the importance of live streaming can’t be overlooked by organizations and those who are not using the feature correctly or at all will fall behind.
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