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Why Instagram should be part of every business

 by Grant Munro

a.k.a. gmunro123

Grant Munro is the co-founder and CEO of FlashStock Technology, a provider of on-demand imaging for the world’s leading brands. He has helped leading companies including AB InBev, Diageo, Estée Lauder, Xerox among many others, change the way they develop and source creative content.

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It’s common knowledge that a massive amount of digital content is being created daily on social networks. How much is massive? Every second there are 2,100 new posts on Instagram bringing an average of 180 million uploads each day. This rate of content creation spells nothing but opportunity for businesses.

Not only is it now a necessity for brands to become active on Instagram, but they must have a clear strategy in place to take advantage of the continuing popularity of the most powerful social media network.

Why Instagram is important for brands

Instagram is capturing the most sought after audience on the planet – millennials who are 18-24-years-old and earn $50,000 to $74,000. This demographic uses Instagram as their favorite social media platform over those of the same age earning $25,000 – $49,000 annually.

Instagram users aren’t just browsing through the endless content; they’re using it to discover new products and brands. In fact, 47 percent of Instagram users rank the platform in their top 10 channels used for product discovery. Additionally, 45.6 percent of Instagram users are more likely to remember a brand marketing themselves on the social network over television commercials and other traditional media.

In fact, my company has conducted in-house based research and our clients have found that 21.8 percent of their customers discovered a product on Instagram and purchased it within the last six months. The numbers don’t lie; brands must have a presence on Instagram in order to reach their core audience, increase awareness, and build loyalty.

Instagram’s about to get real

Instagram is a community that thrives on inspiring content.  The platform currently has 50 times the engagement rate over Facebook with Instagram users being the most invested and engaged in content across all social media channels. Instagram has more than 300 million monthly active users who spend an average of 257 minutes a month on the platform.

What’s driven this success is the company’s commitment to the user experience and putting great visual content front and center. It’s allowed Instagram to grow and reach a global audience and this is only the beginning.

Last year, Instagram ran 150 paid campaigns with big brands. This year, they have a revenue target of $1 billion backed by an army of Facebook reps. Facebook and Instagram are serious about visuals – and so it should be for your business.

You do have a problem, but you just don’t know it

You created the account and are going to sit back and watch followers roll in? Wrong. Just showing up on Instagram won’t do you any good. You need to create inspiring content or suffer the consequences of having no impact, being deemed mediocre, and even develop negative brand perception.

Here are some tips and examples for creating winning content:

Create beautiful Images

Smirnoff uses beautiful imagery to show how easy it is to create delicious drinks. Each image is a work of art – something you’d hang on your wall.

Beautiful images are a must for visual platforms.

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Instagram especially loves beautiful original content and anything less may garner a few unfollows.

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A quick test is to ask yourself if you would hang the image on your wall. If not, it isn’t good enough.

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Create a Unique Point of View (POV)

Mercedes Benz is a great example as they zero in on showcasing unique angles and elements illustrating how their vehicles match the lifestyles of their target customers.

Tell your story from a unique perspective.

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Illustrate an angle that’s enticing and new to your users.

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Establish Visual Identity

Samsung images come from a wide array of sources, but each align to the visual identity they’ve created.

Calibrate your brand against mood and tone.  A simple but powerful way to do this is by creating a mood board that visually illustrates the style you wish to pursue.

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Mood boards quickly communicate the desired look and feel for your brand.  Make sure your mood boards aligns to your brand and communicates the same thing. One easy way to do this is to score your brand against some common attributes, and then compare this to your scored mood board.

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Instagram represents the future of social

Studies show that 90 percent of the information transmitted to the brain is visual. We can process over 36,000 visual messages per hour and the human eye can process an image in a mere 13 milliseconds. We love images because it evokes emotions and feelings.

Great images tell stories, express raw emotion, and say things without explicitly saying them. That’s why content with relevant images get 94 percent more views than content without. We create stronger emotional connections with what we can see rather than what we read.

The future of social is visual – it’s already here and is gaining popularity faster than you think. Meerkat, Periscope, Snapchat, and Vine are examples of major players completely focused on putting the visual experience front and center fostering all communication through photos and videos.

Visuals tell better stories and are the most engaging medium. These next generation social platforms will continue to eliminate text heavy mediums for visual communication. The time to establish yourself and your brand as a visual content champion is now and the most popular social network on the planet is waiting.

 

Image credit: Shutterstock

Grant Munro is the co-founder and CEO of FlashStock Technology, a provider of on-demand imaging for the world’s leading brands. He has helped leading companies including AB InBev, Diageo, Estée Lauder, Xerox among many others, change the way they develop and source creative content.

Everything we know about Apple’s next big iPhone update, iOS 9

iphone 6 and 6 plusJustin Sullivan/Getty Images

Next week, Apple will tell us about its next big update for the iPhone and iPad.

Every year at its Worldwide Developer Conference, the company reveals all of the new features its planning to bring to iOS in the fall.

Although Apple hasn’t confirmed anything just yet, 9to5Mac’s Mark Gurman has spoken to several people familiar with the company’s plans for iOS 9. Here are the biggest additions we’re expecting to see based on his reports.

The ousted Men’s Wearhouse founder just launched a brilliant Uber-like app for tailoring clothes

george zimmer men's wearhousetherichest.orgGeorge Zimmer founded Men’s Wearhouse.

The founder of Men’s Wearhouse has launched an “Uber for tailors,” The New York Times reports.

George Zimmer’s new business, called zTailors, will enable customers to order a tailor to their house through an app.

The tailor will then measure and alter anything in their closet at a set price.

“In the closets of Americans, there is billions of dollars’ worth of apparel that has accumulated over the years,” Zimmer told The Times. “It doesn’t all appear on the good side of the closet. It doesn’t all fit. That’s either because it has shrunk, or you have grown.”

The service costs between $10 and $25 for each item, depending on what needs to be done.

There’s a growing demand in the US for more slim-fit, tailored clothes — especially in menswear.

“This is the era of ever-shrinking men’s trousers — they are tailored and shorter, tighter and shrunken, too tight and too short,” The Washington Post declared last year.

A number of retailers, such as Bonobos and J. Hilburn, have built their entire business around slimmer fits and tailoring services. Even Jos. A. Bank is now offering tighter-fitting styles.

tailor clothes makerMichael Loccisano/Getty Images

But there’s nothing like zTailors currently offered in the market, according to The Times.

ZTailors employs 600 tailors in several major cities around the US. The company plans to expand to all 50 states by the end of the year, The Times reports.

Tailors must have at least five years of experience to work for zTailors. They also must undergo background checks.

Zimmer won over Americans with his “you’re gonna like the way you look — I guarantee it” commercials.

But Zimmer was abruptly fired as chairman in 2013 for alleged differences with the company’s board. Customers were furious about his ouster.

He’s backing zTailors with his own money, and there are no venture capitalists involved, he told The Times.

The company takes a 35% fee from the tailors’ profits.

U.S. Mergers At Record Value, Thanks To Time Warner

Mergers and acquisitions activity in the U.S. has reached a record value so far this year, thanks to a couple of huge deals in the works, including Charter Communications‘ (NASDAQ:CHTR) $78.4 billion bid for Time Warner Cable (NYSE:TWC) and other activity in media, technology and health care.

From Jan. 1 to May 28, M&A activity reached $746.9 billion in estimated value, up 52% from a year earlier, according to data compiled by Thomson Reuters. By dollar amount, it’s the strongest year-to-date period for U.S. dealmaking since Thomson Reuters began recording deals in 1980.

Some historic pending transactions have juiced the total dollars so far. The Charter-Time Warner Cable arrangement is the largest cable television deal on record, while the $36.2 billion Avago Technologies (NASDAQ:AVGO) bid for Broadcom (NASDAQ:BRCM) is the second-largest tech deal on record.

Health care, technology and media account for 53% of U.S. M&A value so far this year, compared to 49% in the year-ago period. Cable M&A totaled $97.2 billion so far this year, up 42% from a year earlier.

It merits mentioning that merely announcing a deal doesn’t mean that shareholders and regulators will necessarily approve it. Comcast (NASDAQ:CMCSA) abandoned its $45.2 billion bid for Time Warner Cable last month after federal regulators raised too many hurdles over anti-competitive elements in the proposed transaction.

Among the investment advisors racking up fees for counseling buyers or sellers of U.S. deals, Morgan Stanley (NYSE:MS) — which advised Time Warner Cable on the Charter deal along with Citigroup (NYSE:C), Allen & Co. and Centerview Partners — topped the list of transactions that a single advisor worked on, with 58 deals valued at $209.3 billion.

Global M&A activity totaled $1.7 trillion, up 35% from a year earlier.

FACEBOOK’S ATLAS AD SERVER: What it is, how it works, and why it could finally move digital advertising beyond ‘cookies’

Slide3BI Intelligence

For years, digital marketers have been shackled to an increasingly outdated technology known as cookies, which are still used to measure and target digital ads.

Cookies — bits of code dropped into web browsers — are known to generate poor approximations of how many people view a digital ad, inaccurate estimates of how many times any given individual sees an ad, not to mention unreliable measures of clicks and sales. Worst of all, cookies are a non-starter within mobile apps.

In a new in-depth explainer and report from BI Intelligence, we dive into how Facebook-owned Atlas aims to take digital marketing beyond the cookie. Atlas is notable for how it leverages anonymous Facebook identity data to correct cookies’ inaccuracies and shine a light into what’s happening within the cookie-less world of mobile apps. In addition, Atlas’ ambition is to be able to connect offline purchases and conversions to digital ads shown across mobile and the web.

Access The Full Report And Data By Signing Up For A Trial Membership Today »

Here are a few of the report’s main takeaways:

  • Facebook’s Atlas is an ad server that also allows ad buyers to measure, target, and optimize digital and mobile ads across digital (i.e., not just on Facebook). Atlas operates separately from Facebook, does not access personal information from the social network or share marketing data with Facebook.
  • Atlas is pitching itself primarily based on the claim that it can go far beyond cookie-based measurement to more clearly establish the ROI of digital ads, particularly when mobile is involved. Taking measurement beyond the cookie means marketers can focus on metrics beyond the last click, and observe the multi-device process that often leads in purchasing online or offline.
  • Atlas’ ambition is also to be able to connect offline purchases to digital ads shown across mobile and the web. To do so, it must have access to advertisers’ customer data or consumer data from third-party data vendors.
  • Atlas has a particularly strong advantage when it comes to measuring mobile ads. Cookies don’t work in mobile apps, so many marketers are flying blind when it comes to in-app ads. Atlas matches device-ID data with anonymized identity data of the user that accesses Facebook on the same device.
  • It’s important to remember that Atlas works with ad buyers, not ad sellers. Some major brands and agencies are already using or at least testing Atlas. 
  • Despite some clear advantages, Atlas has some crucial limitations, which are spelled out in the report. The principal one is that it will be very difficult for Facebook to wean the digital-media ecosystem off its reliance on Google’s DoubleClick platform, which is so well-entrenched.

The report has charts and data that can be easily downloaded and put to use.

In full, the 22-page report:

  • Explains how Atlas plans to take digital advertising beyond cookies, and the advantages this entails
  • Lists the limitations and barriers faced by Atlas in the context of the ad-server space
  • Discusses how a few agencies and brands have moved tentatively to adopt Atlas as their ad server
  • Includes 8 charts and 3 explainer slides on how ad serving works, how Atlas measures mobile ads, and how Atlas measures ads within browsers
  • Analyzes the difference between ad serving and measurement and how Atlas advances each function
  • Delves into market-share numbers for ad servers in the digital-ad industry