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Posts Tagged ‘Business Insider’

Social Media Engagement: The Surprising Facts About How Much Time People Spend On The Major Social Networks

Social Engagement Index Desktop Smartphone

BII

We tend to talk about social networks in terms of size, because audience reach is one of social media’s biggest advantages. That’s why Facebook gets so much attention. With 1.2 billion monthly active users, it’s a beast.But as audiences adopt newer social networks, and people’s social activity becomes increasingly fragmented, other measures of social network activity become more important, especially for businesses trying to determine where to best allocate time and resources. How much time users spend on each social network and how engaged and interactive they are with content there are increasingly important ways of evaluating the sites.

In a new report, BI Intelligence calculates an Engagement Index for top major social networks and compares their performance in terms of time-spend terms per-user, on desktop and mobile. We also look at how the different top activities on social media — photo-sharing, status updates, etc. — are indexing in terms of activity, and which sites drive the highest volume in each category. This report complements our popular reports on social media demographics and global audience sizes.

Here are our findings:

  • Social is now the top Internet activity: Americans spend an average of 37 minutes daily on social media, a higher time-spend than any other major Internet activity, including email.
  • Social-mobile rules: 60% or so of social media time is spent not on desktop computers but on smartphones and tablets.
  • Facebook has a monster lead in engagement: Facebook is a terrific absorber of audiences’ time and attention, 114 billion minutes a month in the U.S. alone, on desktop PCs and smartphones. By comparison, Instagram commands 8 billion minutes a month, and Twitter just 5.3 billion.
  • Facebook attracts roughly seven times the engagement that Twitter does, when looking at both smartphone and PC usage, in per-user terms.
  • Snapchat is a smaller network than WhatsApp, but outpaces it in terms of time-spend per user.
  • Pinterest, Tumblr and LinkedIn have made major successful pushes in 2013 to increase engagement on their mobile sites and apps. The new race in social media is not for audience per se, but for multi-device engagement.
  • Multi-device social media: Our analysis is based on BI Intelligence’s social media Engagement Index, which compares the effectiveness of social networks in keeping individual users engaged across smartphones and desktop PCs (for an explanation of the Index, sign up for instant access to BI Intelligence). 

Here are our PC-smartphone Engagement Index scores for five platforms:

  1. Facebook, 50.7
  2. Instagram, 13.5
  3. Twitter, 7.4
  4. Snapchat, 6.6
  5. WhatsApp, 4.6

The report is full of charts and data that can be easily downloaded and put to use

In full, the report:

For full access to the report on Social Engagement sign up for a free trial subscription today.

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Secret-Sharing App Whisper Is Nearing 3 Billion Monthly Pageviews Because It Does Something Facebook Can’t

whisper app michael heyward

Business Insider/Alyson Shontell

Michael Heyward, CEO of Whisper, in the Santa Monica office. The office is house with a pool, a giant trampoline, a basketball court and a gas fireplace (pictured).

If you open mobile app Whisper, it looks like a collection of Internet memes. Each entry is a picture with bold text on top, created in seconds by users.Unlike memes, Whisper’s photo messages aren’t often funny.

They’re thought-provoking and serious; the kind of secrets only best friends reveal to each other.

“That moment in the locker room when all your teammates are making fun of gays and you’re just sitting there like ‘glad you don’t know about me…'” one popular Whisper reads.

whisper

Whisper

A post on Whisper.

There are some light-hearted messages on Whisper too.

“Snow, the only time a girl gets excited over three inches,” is one example.

Reading Whisper is like “watching a trainwreck,” one user told Business Insider. It’s hard to pull your eyes away.

The two-year-old app is rapidly gaining popularity. Millions of people use Whisper and it is approaching 3 billion monthly pageviews. On average, people spend more than 20 minutes per day with Whisper, checking its content 8–10 times per day. Whisper has raised $25 million from early Snapchat investor Lightspeed and others.

The people who are spilling their guts on Whisper fall between ages 17 and 28. Heyward says fewer than 4% of his users are under the age of 18. The vast majority of its users — 70% — are women.

The reason Whisper gets so many people to share things they’d never say out loud is because everything is posted anonymously. In the past, anonymous social networks have been nasty places. Just look at the comments on YouTube, or at failed startups like Juicy Campus, which were sued by people defamed on their sites.

Michael Heyward, the app’s 26-year-old founder, has gone to great lengths to keep Whisper’s content respectful. He never wants anyone to read Whisper and feel like they need to shower. He has 92 people moderating content and comments in the Philippines in addition to the 32 people Whisper employs full-time.

whisper house

Business Insider/Alyson Shontell

The Whisper house sits in a residential neighborhood in Santa Monica, where 32 people work, occasionally sleep, and hack away at the app.

“You are who you are when no one else is looking,” Heyward told Business Insider at his Santa Monica headquarters in early December. “Anonymity is a really powerful tool. But we think about it like that Spiderman’ quote: ‘With great power comes great responsibility.’ Think about all the things you can do with a hammer. You can build something great … or you can kill someone.”

Heyward occasionally teaches at USC. In a recent class, he asked students to raise their hands if they were virgins. No one did. Then he blindfolded them, turned off the lights, and asked the same question. Half of the hands went up. Think of the first scenario as Facebook and the second as Whisper.

Facebook, Pinterest and Twitter are social networks tied to identities. Because of that, people only share things they’re proud of, like engagements, articles, weddings, vacations and pregnancies. Heyward, who grew up in Los Angeles and went to the same high school as Snapchat CEO Evan Spiegel, says he’s innovating loneliness.

Anonymity is a really powerful tool. Think about all the things you can do with a hammer. You can build something great, or you can kill someone.

Heyward’s mission is to make sure people only use anonymity on Whisper to protect themselves and not to hurt someone else. The result is something that looks like an open-source diary, with supportive comments from people who understand the intense feelings being described.  Often, users will respond to one Whisper with another.

Not all of Whisper’s content is real. A few posts are dreamt up by imaginative users. But for the many that are, Whisper acts like a therapy group that connects people based on intimate, shared experiences. Some Whisper users say the app has saved their lives.

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black-friday-sale

Jonathan Alcorn/Reuters

13 Must-Have Free Shopping Apps For Black Friday

Alison Griswold and Mandi Woodruff

Black Friday is only a week away, so it’s time to start preparing.
For the annual shopping frenzy, you’d be wise to give yourself a leg up on the competition. To find the best bargains, the most important tool will be your smartphone.

We’ve compiled a list of Black Friday shopping apps that should be your go-tos for the post-Thanksgiving extravaganza. They’re sure to help you land deals, and some from the comfort of your own home.

The best part? They’re all free.

Click here to see the 13 must-have apps »

Read more: http://www.businessinsider.com/free-apps-for-black-friday-deals-2013-11?op=1#ixzz2lzVpu86l

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Successful Entrepreneurs Do One Thing Really Well

dick costolo twitter

Eric Gaillard/Reuters

Twitter, Instagram, and shopping site Polyvore all have one important quality in common. They do one thing extremely well.

Zeroing in on one idea and executing it exceptionally is the key to entrepreneurial success, argues Daniel Roberts in “Zoom: Surprising Ways to Supercharge Your Career.” You don’t need a complex, multifaceted idea to succeed in today’s market, Roberts argues. Just pick one thing, and do it better than everyone else.

“These days many of the buzziest startups are brilliantly basic in concept,” he writes. “Whether you’ve come up with a completely revolutionary idea or you’re building upon a preexisting one, if it’s clear and addictive it will take off with users.”

Here’s a look at how the founders of Twitter, Instagram, and Polyvore found their one thing and made it work:

Make the business easy to understand.

The initial idea for Twitter was incredibly simple: create a way for people to share brief “status” updates about what they happened to be doing. When the company’s founders first rolled out the service internally, employees loved it. “It was fun, simple, and friendly,” Roberts writes. “And it took only a moment to understand how it worked.” He argues that Twitter has succeeded in large part because it never lost sight of that simple starting principle, even as it began to monetize its services and add new features. “If an idea is clever enough — simple, clean, and addictive, like Twitter — it can weather other problems that would normally bring a company down,” Roberts writes.

Strip the bells and whistles.

Before it was called Instagram, the founders had named it Burbn. Back then, it was supposed to be a location-based photo sharing app (a “mashup” of Foursquare and Flickr, as Roberts puts it). That idea garnered some interest from backers but failed to catch on after its initial release. So co-founders Kevin Systrom and Mike Krieger decided to strip the app of all but one part — photo sharing. “Burbn had too many different features,” writes Roberts. “What would be a hit, they knew, was something simple that did one thing.” Sure enough, the night the app relaunched as Instagram in October 2010 the servers crashed within two hours from the flood of traffic.

Focus on what you do best.

When Jessica Lee first became CEO of Polyvore, the popular online shopping site, she decided that the company needed some serious streamlining. She began to cut extraneous features, minimize projects, and sent out a company-wide note asking staff to “identify what is most impactful to the company. Then figure out what to cut.” Simplicity was Lee’s obsession, Roberts writes. She wanted to create a smooth, simple customer experience. “We really try to focus,” she told Roberts, “because at the end of the day you’re going to be remembered for one thing.”

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How To Sell Yourself In 30 Seconds And Leave People Wanting More

How do you get people interested in you when you only have 30 seconds?

Whether you’re at a job interview, networking at a cocktail party, or run into Warren Buffett in the elevator, quickly persuading others to think you’re the most interesting person they’ll meet is no easy task.

“Most people can’t present what they’ve done effectively,” Paul McDonald, a senior executive director at staffing firm Robert Half, tells Business Insider. “They’re not used to giving sound bites of what they do.”

Below, McDonald gives us eight steps to crafting the perfect elevator pitch:

1. Know exactly where you want to go.

Your elevator pitch should answer three questions: Who are you? What do you do? Where do you want to go, or what are you looking for? You need to know exactly what you want to achieve or no one can help you get there.

“Take your resume and LinkedIn profile and go through it thoroughly,” says McDonald. If you’re unemployed, focus on where you want to go and what you want to do.

2. Bullet point it.

After studying your resume and LinkedIn profile, write down four bullet points that explain why you’re great, advises McDonald. Discuss your work history, background, skills, accomplishments, and goals. Keep out any irrelevant details that take away from your core message.

3. Tell them a story.

People love stories, says McDonald, so tell them a story. It also makes it easier for others to remember you later on.

Self-improvement guru Dale Carnegie said in his book “Public Speaking and Influencing Men in Business” that our minds are essentially “associate machines,” which means we remember things better when there’s a story or association attached to the subject. In other words, if you want people to remember you, tell them a story and make sure it’s good.

4. Eliminate jargon.

You need to be able to explain what you do and who you are in a way that appeals to most people. This means avoiding acronyms or terminology that wouldn’t be understood by someone outside of your industry.

Dumbing down complex ideas is a “real art,” says McDonald. A good strategy is to imagine explaining what you do to your parents and using a similar formula in your elevator pitch. Making sure your pitch is in layman’s terms is especially critical for those in accounting, finance, and technology.

5. Make sure it invites conversation.

After telling your story, the listener needs to be left wanting more. Is your story compelling enough to do this? If not, you need to change your pitch.

6. Time yourself.

While practicing your pitch, you should time yourself to make sure you can tell your story in 30 seconds. If you can’t, cut down details and try again.

7. Record yourself on video.

You need to know what you look like to others while you’re telling your story. Are you interesting? Are you believable? People will come to their own conclusions while listening to you so make sure you give off a good impression. Relax, act natural, and get comfortable with your story.

8. Pitch it to your friends and colleagues.

After you’ve got your story down, practice your elevator pitch with friends and colleagues. Ask them to give you feedback. Ask them what you should do to make it better. Keep practicing and tweaking your pitch until it’s natural for you to say aloud and convincing to the listener.

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