This year, Hootsuite announced that 3.196 billion people are now active social media users. That is 42% of all the people on earth. In the UK, that percentage climbs to 66% and it’s 71% in the US. Even with recent data protection scandals, platforms like Facebook, Twitter, Instagram, LinkedIn, Wechat, and Pinterest are a huge part of daily life.
This kind of impressive cut through makes it more likely that we can use social media to find our audience, but that doesn’t mean that everyone on the platform is desperate to hear from us. In reality, when we use social media as businesses we’re competing for what might be a very small, very niche, but very valuable cross-section of a network. This means that whenever we do social media marketing, we need a strategy, and to have a successful social media marketing strategy it’s vital to know how we compare to our competitors, what we’re doing well and what threats we should be worrying about.