Is Snapchat the new ‘sweet spot’ for brands?

New report finds businesses turning to Snapchat as an alternative to social media site

Businesses are increasingly using Snapchat as an alternative to other social media sites in a bid to reach target audiences and communicate in a direct form with followers, without getting too personal, according to a new survey by Snaplytics.

The SaaS-based market insights company recently surveyed 500 brands (with 24,180 Snapchat stories) and studied 217,000 snaps to better understand how brands and influencers are using the social site to communicate with their followers.

The Snaplytics report, which claims to be the most comprehensive survey of Snapchat data to date, found organisations are learning how to use Snapchat to reach target audiences in a way that is more “at eye level” and supplies details on the most effective ways to leverage the platform.

Marketers are seeing a big uptick in audience reach/engagement, with Snapchat compared to a decline with other social sites, according to the report. It noted Snapchat offers a unique experience and more ‘in-the-moment experiences’ for a brand's fans.

“Snapchat is unique because it allows businesses to connect with people in the moment and offer a different brand experience,” says Snaplytics founder and CEO, Thomas Cilius, explaining the Snapchat was once originally thought of as a social network mostly geared toward teenagers.

“It’s the only social network where marketers aren’t seeing a decline in reach. With 161 million daily active users on Snapchat, brands are quickly learning this is the go-to outlet because it allows them to engage their brand ambassadors and deliver content that really resonates with people, in real-time.”

The study also offers tips and best practices for brands interested in incorporating Snapchat into their marketing toolbox. Citing the data collected from the 500 brands, it reveals: 61 per cent of the content posted by brands on Snapchat are videos, which is a 5 per cent increase from the first quarter of 2016.

The study also reveals the number of snaps in a story averages around 11 snaps per update.

“Consistency and ongoing activity is key. Brands post, on average, content two times a week,” the report noted. “Completion rate, or the number of people viewing the whole story, climbed to 88 per cent compared to 84 per cent the previous quarter.”

The report also provides insights, metrics and analysis regarding what brands must consider as they develop their Snapchat marketing strategy. It discusses the best approaches to growing a follower base (followers find brands by Username 64 per cent of the time); and what is the most effective rate of posting to keep your followers excited and engaged and what days are the best for posting and why.

“It is essential for marketers to be creative and build followers quickly since our research shows that recommendations and calls-to-action made through Snapchat are much stronger than what is accomplished with Facebook or Instagram,” Cilius says.

Follow CMO on Twitter: @CMOAustralia, take part in the CMO conversation on LinkedIn: CMO ANZ, join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+:google.com/+CmoAu

Join the newsletter!

Error: Please check your email address.
Show Comments

Blog Posts

Innovations in retail will bring creative and technology closer than ever

While approaching a customer in a shop and asking what you can help them with is Retail 101, how many of us actually enjoy being approached? Generally, you have to give the forced, fake smile and say, “Just browsing, thanks,” while screaming on the inside, “just leave me alone!” Maybe it’s just me?

Jason Dooris

CEO and founder, Atomic 212

There’s a brand in my digital soup

Not a day passes by in the life of business executives where digital innovation or the prospect of disruption is not front of mind. This in turn, drives an unrelenting flow of questioning, discussion and strategy papers.

Jean-Luc Ambrosi

Author, marketer

Can marketers trust agencies again?

Unless you’ve been marketing under a rock, you’ll probably have questioned whether your media agencies are offering you transparency.

Nic Halley

Founder and managing director, Mindbox

Nice post Brad! very useful information. The retail stores are really mean for every brand I am agree with you. Now Online Service Market...

Srialto

The rise of online retail marketplaces and what they mean for brands

Read more

Minor correct Nadia, just wanted to clarify that the "Marketo consultants" that did this work, were actually Hoosh consultants

Fab Capodicasa

What it's taking for Edible Blooms to grow a stronger personalisation strategy

Read more

Im not surprise though, been in the industry for couple of years and I feel and see it with my tow eyes how eCommerce platforms innovated...

Jason Smith

Australia Post earmarks $20m for Australian ecommerce innovation investment

Read more

For marketers that are "going Agile" I recommend using Ravetree. It's a really powerful suite of tools for Agile project management, reso...

Janice Morgan

7 ways to run your marketing department like a software startup

Read more

Over the years very part of our lives has become technological. That’s why I am not surprised to see that Australian home loans are going...

GreatDayTo

Why Aussie Home Loans is embracing digital transformation

Read more

Latest Podcast

More podcasts

Sign in