2010 will be remembered as the year that business professionals took Social Media seriously. For more than 5 years, social media growth was fueled by personal users and businesses that were early adopters. This past year, the “Tipping Point” was reached and businesses got on board the social media train.
Here are some of the mind boggling metrics we witnessed this year:
- Facebook has over 600 million members and is heading towards the 1 Billion mark
- The average Facebook user spends more than 55 minutes per day on Facebook
- 20 million Facebook users become fans of Pages per day
- 60 million status updates are made per day on Facebook
- Twitter has 190 million users, generating 65 million tweets a day and handling over 800,000 search queries per day
- LinkedIn now has almost 100 million professionals on board
- Over 2 billion videos are streamed every day on YouTube
- Foursquare, the mobile social network, is up to 5 million users with 25,000 new recruits every day. Foursquare is averaging 2 million check-ins daily, as the average user checks in three to four times daily.
- Nearly 4 out of 5 web users visit a social networking site on a monthly basis
- 73% of US companies use social media tools for marketing purposes
- Internet users worldwide spend more hours per week with social media than any other online activity
- 46% of Internet users worldwide interact with social media on a daily basis
The killer question in 2010 was “Where are you?” and this is evidenced by the amazing growth of rivals Foursquare and Gowalla. The process of checking in at your favorite restaurant or retail store is rewriting the rulebook of marketing for small businesses. They can leverage customer’s friends, followers and network connections by providing incentives for people to check in at their location. 2011 will surely bring some national players off the fence and into the location based social networking services.
Your personal brand and influence is easier to build than ever before. Purchasing behaviors are changing, as are the ways people find and take in content. The way we use the Internet has changed, and social media is simply a reflection of these changes. In 2011, be sure that you are educated as the social media frenzy picks up additional speed and that you are taking part in the social media revolution or you’ll get left behind.
Sources: Wikipedia, PEW Charitable Trust, Twitter, Facebook, LinkedIn, Foursquare
