Have you ever wondered if there’s any way to harness Snapchat’s unique functionality to market your business to a younger demographic? This platform’s capabilities present an interesting option for marketers, but not a lot of clarity on how to use them effectively. If you’ve been chasing the Generation Z market, however, Snapchat has some tricks up its ghosty little sleeves that have been proving successful. In addition to its built-in advertising tools, the platform is also offering analytics solutions for power users. In this article, we’ll investigate Snapchat’s user statistics and data analysis options. We’ll also outline three ways you can start implementing Snapchat as a part of your business’ marketing strategy. If you’re ready, let’s pick a good filter and get started! Why You Should Consider Using Snapchat as a Marketing Tool Snapchat can be an enigmatic social media channel for users of certain generations. Its reach, however, holds plenty of promise for marketers. Snapchat users are extremely active, creating 3.5 billion snaps per day. When you combine that with the six different advertising formats and a lower cost of conversions compared to other social media platforms, there’s a lot of potential on offer. Additionally, when it comes to demographics, 71% of Generation Z uses Snapchat as a part of their daily routines. Plus, 51% of this group uses Snapchat roughly 11 times each day. Those are big numbers for younger demographics, a market that’s notoriously hard to capture. 3 Ways to Market Your Business With Snapchat There’s a lot more to Snapchat than the disappearing ‘snaps’ you can send. This camera-centric app has plenty of other features as well, such as games, quizzes, and interactions, which can contribute to a robust marketing strategy. 1. Use the My Story Feature to Create Experiences Outside of the basic ‘snap’ that disappears once it’s viewed, Snapchat also has a My Story feature. This is an excellent option for developing engaging customer experiences. Unlike snaps, stories remain viewable for 24 hours. Creative business owners can take advantage of Stories on Snapchat for free. Posting frequently (but not too frequently) is a fruitful way to boost customer engagement, according to a Snaplytics study. This data analysis firm also found that recommendations and Calls to Action (CTAs) can be much more effective on this platform than on Facebook or Instagram. Snapchat also offers paid advertising options, which can be worth your time as well. To illustrate the point, the company Wish invested in Story Ads and found an 80% lower Cost Per Install for its Wish App when it fed ads directly from its product catalog: However, there are some downsides to advertising with Snapchat to be aware of. For instance, Stories are not shareable, which is a big benchmark for other forms of social media marketing. With the My Story feature, you can create a collection of snaps that either tell a narrative or create an opportunity for customers to participate in a sale, download an app, or use a coupon for a specified amount of time. My Story also has some built-in features for seeing how many people have viewed your story or taken screenshots of it. 2. Create Dynamic Geofilters for In-Store Incentives One of the most dynamic and engaging ways to use Snapchat for marketing might be its on-demand geofilters. Geofilters are custom overlays you can create that Snapchat users can only access if they are in a certain geographic location. For instance, you might restrict a filter so it can only be used by those who are inside your physical store or place of business: There is an approval process for both personal and business geofilters. So you’ll want to plan ahead and give yourself a couple of days for approval time before you want to use the filter. For example, you could create a filter ahead of time for a store grand opening or a sales event. Plenty of businesses have used geofilters to great effect. Kentucky Fried Chicken is just one of many big brands (others include Taco Bell and Sony) that have used geofilters to market on Snapchat. When KFC decided to launch one of its sandwiches into space, it created a geofilter. This filter was available only at the company’s chain restaurants, and had 180,000 uses and 4.5 million views, all while boosting awareness of the sandwich and the space launch event: There is an approval process for both personal and business geofilters. So you’ll want to plan ahead and give yourself a couple of days for approval time before you want to use the filter. For example, you could create a filter ahead of time for a store grand opening or a sales event.
Plenty of businesses have used geofilters to great effect. Kentucky Fried Chicken is just one of many big brands (others include Taco Bell and Sony) that have used geofilters to market on Snapchat. When KFC decided to launch one of its sandwiches into space, it created a geofilter. This filter was available only at the company’s chain restaurants, and had 180,000 uses and 4.5 million views, all while boosting awareness of the sandwich and the space launch event: |
Marcus Guiliano
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March 2020
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