Although 2020 is more than halfway over, developments and changes are still happening on Facebook. It’s important to be aware of what’s going on in this social platform if you’re using it to market your business. Your effectiveness on a social media network can be improved by increasing your knowledge. Here are a handful of statistics you should know about Facebook compiled by SproutSocial.
The fastest-growing segment of users on Facebook are 65+
What does this mean for you as a brand? If you’re trying to capture the younger market while working to cut through the noise, Facebook may not be the best place for you to focus your time. In fact, you might want to consider other platforms such as TikTok, Instagram, and YouTube. It’ll help you be more effective with your time and marketing resources.
However, if you have products and services that greatly benefit older segments of the US, Facebook may provide the greatest return on investment. It’s always key to pay attention to who uses what platform, how they use it, what people are hoping to gain from using a social media platform.
Less teens are using Facebook
Going back to the statistic above, you need to know who you’re targeting. Less than 10% of teenagers say they use Facebook on a regular basis. If a teen does have a Facebook, this teen is most likely occasionally using the platform. This is a big difference compared to 2015 when 71% of teens were actively using Facebook.
Majority of Facebook users live outside of the US or Canada
Sure, only 10% of Facebook users live in North America but North American users account for 48% of Facebook Ad revenue. If you’re able to serve international markets with your brand, it’s most likely still worth it to invest in Facebook since Asian-Pacific users make up 41.3% of monthly active users.
Nearly 3/4 of Facebook users earn more than $75,000/year
Despite it being a professional network, did you know that only 49% of Facebook users make more than $75k each year? Facebook’s users tend to make more money but that may be due to the fact that Facebook’s user base is on the older end of the age spectrum.
Only 6% of ad revenue comes from desktop-only users
Yes, you read that correctly. Majority of Facebook Ad revenue comes from mobile. With this knowledge in mind, always focus on optimizing all of your paid ads for mobile. Mobile-friendly is never a bad route for you to go.
Mid-day Wednesday and Thursday are the busiest times on Facebook
Monday is not the noisiest day on Facebook. Neither is Tuesday or Friday. It’s actually two days of the week: Wednesday and Thursday. While some engagement times may vary depending on your industry and target demographic, lunch time on Wednesdays and Thursday get the most engagement.
What can you do with this knowledge?
These aren’t all of the key statistics shared by Sproutsocial but you access them by clicking here. Now that you know more, identify what’s been happening with your brand on Facebook and make changes based on your new knowledge. It’s in your best interest to regularly test out new ideas to see what works for your brand. While there are best practices to follow, there’s no pre-determined route for you to follow when it comes to social media marketing. If you have any questions about social media marketing for your brand, email Josh at josh@jamiascreative.com!