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billion people worldwide use social media Experts predict over six billion people will be using social media by 2028 (so get your baby a good screenname now). 23% of Facebook users are GenZ A total of 23% of Facebook users are between ages 18 and 24. TikTok dominates social commerce , converting 43.8% Source: Statista 2.
Takeaways: With such strong projected growth, Australian businesses must incorporate social media advertising into their overall marketingstrategy to facilitate long-term growth. As a result, brands will need to prioritise compelling visuals, strong targeting and data-driven strategies to maintain a competitive edge.
This week we’re exploring the top creator economy predictions for 2024 that marketers need to know. Currently valued at $250B, the creator economy is expected to reach $480B by 2028. Pew just released research stating GenZ now spends more time on YouTube than TikTok each day.
This week we’re exploring the top creator economy predictions for 2024 that marketers need to know. Currently valued at $250B, the creator economy is expected to reach $480B by 2028. Pew just released research stating GenZ now spends more time on YouTube than TikTok each day.
The influencer market is expected to grow to $52 billion by 2028 According to Statista, the influencer advertising market valuation is expected to grow to approximately $35 billion USD in 2024. TikTok’s engagement rate for nano influencers is 18% The emergence of TikTok in influencer marketing was a game-changer.
Thus, partnerships between brands and influencers consolidated Influencer Marketing and a marketplace of services and tools — the Creator Economy — that help this type of partnership thrive. Why Hire Influencers for Your MarketingStrategy? Digital influencers are web content creators who build an engaged and loyal audience.
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