The following insight is from our 2017 Most Memorable New Product Launch Survey, scroll down to download the full eBook.
According to the results of our survey, it’s certainly possible! The use and influence of social media is continuing to expand – but this may not come as a surprise since many of us are glued to our mobile phones checking them an average of 46 times per day. According to our survey, what is surprising is how older generations are scrolling through their newsfeeds.
Consumers over 50 years of age are taking to social media and trusting it as a valuable source of information. Meanwhile, social media continues to be a key source of new product information for iGens and Millennials.
With almost every generation taking to social media, advertisers are presented with numerous ways to get their paid content in front of consumers. Social media advertising is reaching more than just Millennials, it is also reaching older audiences and making a real impact.
Although TV is cited as the most frequently used source, Facebook has become increasingly important. The shift this year presents an uptick in what may be a growing trend toward greater reliance on other information sources, but TV will continue to remain a critical source for new launches for years to come. Our world is inundated with social media, and if these channels remain entertaining and a reliable source of information, we believe their importance and relevance will not dwindle any time soon. If product marketers of all kinds aren’t doing so already, it’s time to put some spend behind social.