In today’s digital globe, consumer behavior is enormously affected by social media and influencers. This has been shown by recent Shopify statistics that stress the need for these elements in most businesses particularly within e-commerce.

The Ascendancy of Influencer Marketing In the 2020s

Influencer marketing has expanded in recent years. In fact, funds raised from this sector are expected to hit $21.1 billion by 2024 according to Shopify estimates. A significant part of this growth can be attributed to how people trust more influencers on different platforms thus using them as channels through which companies can get a link with their consumers.

Social Media's Influence on Consumer Decisions

Nowadays, brands can hardly do without social media platforms to relate with their consumers. According to Shopify, 85% of the millennials make purchases based on advice received from social media. This group mainly uses Instagram, TikTok and YouTube to view the products because these platforms show signs of being dominated by influencers who often showcase the items.

The Significance of Micro-Influencers

Shopify's insights also confirm that micro-influencers are becoming increasingly significant, i.e. those who have smaller but highly engaged followings. Unlike their larger counterparts, these are individuals who have between 10,000 to about 100,000 followers most of whom have a very active audience- participation unlike others. More brands are turning to them because they help generate genuine and realistic content that connects well with particular market segments.

Micro influencers are infamously known for building a close kinship with their supporters, hence generating larger amounts of trust and loyalty. They seem to promote items or services in an honest way hence enhancing the effectiveness of such recommendations. Additionally, working with these types of marketers can be cheaper to be utilized by companies therefore making better use of promotional funds.

Repurposing Influencer Content

Another craze pointed out by Shopify is reusing influencer posts on different social platforms. This tactic enables brands to optimize their investments in marketing since the same material can be used in many ways. Furthermore, it assists in keeping a uniform brand message across various avenues.

The Future of Influencer Marketing

It’s clear that influencer marketing will keep growing in future. Therefore, brands will invest more in this area while focusing on nurturing long-term relationships with their promoters. This does not only improve the loyalty of customers towards the brand but also guarantees a constant source of original content that can enhance both sales and engagement.

A Personal Anecdote

Was the micro-influencer ever you? For me, however, it wasn’t until I followed a fitness fanatic on Instagram that I became aware of this phenomenon. She always posted different workout routines and shared healthy recipes to accompany them. The woman showed such a passion for her work which would make anyone want to be fit like her instead. One day she posted about one type of protein powder and before I realized, I had bought it. In my case, this perfect example illustrates the significance of real influencers’ advice.

Okay, so picture this: Florida just announced some pretty tough laws for kids and their social media adventure. Governor Ron DeSantis got the changes started by signing a bill that has everything to keep our youth safe in the digital world. Let’s take a closer look at what this bill is about.

The Lowdown on HB3

This new rule in the books, House Bill 3 (HB3) is here to address concerns about how social media is messing with young minds. Here's the details:

1. Age restrictions: If you’re under 14, sorry but you cannot have a social media account in Florida. And for 14- and 15-year-old's, it’s best to get your mother's or dad’s approval before you get involved online.

2. Account Cleanup: Social media big shots are now required to destroy accounts of children under 14. Failure to do so could find themselves in some legal hot water.

3. Consequences: Here's the kicker - companies not following these rules might have to cough up some cash. If they don't delete those underage accounts, they could face lawsuits. And the kids? Well, they could get up to $10,000 in damages. Companies could be on the hook for up to $50,000 per violation, plus all those fancy lawyer fees and court costs.

Governor DeSantis Says...

When Governor DeSantis put pen to paper on this bill, he made it clear: parents need a helping hand in this digital parenting game. He knows social media can be a maze, and he's thankful for everyone who pitched in to make HB3 a reality.

The Big Picture

Florida isn't the only one peering into social media's dark corners. Across the country, folks are keeping a close eye on what's happening online, especially when it comes to the young ones. Remember back in December? Over 200 groups were bugging Senate Big Cheese Chuck Schumer about the Kids Online Safety Act (KOSA). This act wants to make sure apps and online spots take responsibility for stuff that could mess with a kid's head.

It's a Balancing Act

But hold on a sec. While protecting kids is super important, some folks are worried these rules might put a damper on free speech and tech progress. Finding that sweet spot between keeping kids safe and letting the digital world do its thing is a tricky business.

Members of the United States Senate are calling on the Federal Trade Commission to investigate the company that is, allegedly, creating and selling bogus social media followers. The Senators requesting the investigation demand that the practice of selling fake accounts is deceptive and even fraudulent.

Senators Richard Blumenthal and Jerry Moran believe that the practices of this company have created a consumer harm by fabricating goodwill and credibility that does not exist. Devumi, the company responsible for peddling the fake accounts, use real accounts as templates to add authenticity to false followers. The company is responsible for manufacturing followers, likes, connections, and shares on the various social media platforms.

With the FTC remaining reluctant to open an investigation, Eric Schneiderman, Attorney General of New York, has decided to take action. He is investigating whether or not these fake accounts, or bots, are using the identity of those who have had them stolen. His greatest concern is that the voice of genuine people will be overpowered by paid for rhetoric.

Image via CrunchBase

Trends In Social Media Use

A recent report indicates that more people spend their time online on social media sites than any other type of site, meaning that it has definitely become a mainstream and accepted thing to do.

Those on a personal computer spent around 20 percent of their online time on a social media site of some type, while those using a tablet, smart phone or similar device to access the Internet spent about 30 percent of their online time on one or more sites. The survey was carried out by Nielsen and NM Incite.

Social Media Outposts (Photo credit: the tartanpodcast)

When you use social media as a resource for link building, you are reaching out to a large amount of people all at once. Not only are your chances of gaining traffic and/or revenue greater, but this is also an opportunity to interact with potential and current fans on a personal level. This is great to do because then your link building efforts are almost unnoticeable, and it becomes natural to your fans to click on your links. Learning how to properly use social media in order to build links is vital to your site's existence in the vast World Wide Web.

Pinterest is the latest social media platform to hit the net. Not as big a heavyweight as Facebook giant and Twitter, the site is rapidly gaining traction and attention from marketing experts and businesses alike.

A virtual bulletin board that allows users to create different collages of their interests, individuals are becoming addicted to pinning and re-pinning images, links and objects that have caught their eye. From books to techno gadgets and events, Pinterest is all about getting people to share creative tips and designs with each other within their chosen niches.

For businesses that have drawn up a marketing plan centered on the use of social media tools, there is serious potential for Pinterest to drive sales for company owners. Product and service pins and repins will provide major clout in terms of customer referrals and website traffic.

Image by Getty Images via @daylife

The Occupy Movement, which initially began in Kuala Lumpur, Malaysia in late July of this year, has spread like wildfire throughout the world. The most influential of these Occupy demonstrations occurred in New York City during the month of September, when more than 1,000 protestors marched through the Wall Street district to demand greater social and economic equality. This group, calling themselves the “99%,” wished to make the public aware of the growing disparity between the tiny minority of the wealthy elite and the economically-depressed majority. Since this event, tens of thousands have been forming their own Occupy movements in cities throughout the world.

Domino’s Pizza has surely come a long way with its social media efforts.  From almost being a victim and a text book case of things you should NOT do on social media, the company has used social media to reinvent and to rebrand itself and to strengthen its new brand.  Domino’s Pizza has become one of the icons of what you should do for your own media efforts.

Struggling with social media?  Here is what you could learn from Domino’s Pizza:

Image by Yann Ropars via Flickr

Chances are that unless you hired a web professional with SEO experience, your website is missing essential components. The entire purpose of a website is to establish your online presence in a positive light while increasing your customer base. Whether you’re an alcohol treatment facility or a shoe store, if your website is not doing a good job marketing your business, you’re missing out on easy revenue.

There are certain essential elements to a well-crafted and productive website. Find out what it is, make sure your website has it, and enjoy a more successful business.