I came across this infographic today (from Mr. Youth, via Mashable), which illustrates the link between holiday purchases and social media. The graphic suggests there is indeed a strong correlation between social media communication and product purchases, offering evidence from two sides of the social media coin; the social side, where you interact with family and friends, and the marketing side, where you interact with businesses and brands.
According to Mashable, Mr. Youth "polled about 4,500 adults and found that social media is a key driver of holiday gift purchases this year." Here are a few of the statistical highlights:
93% of social media users made or received purchase recommendations on Facebook.
It's a reliable piece of industry knowledge that word-of-mouth is a marketer's best tool when it comes to generating sales. Social media is, at its core, word-of-mouth amplified; instead of one-to-one personal communication, social platforms allow for one-to-many communication. Facebook is by far the largest social network out there, and if it's worth saying, then it's probably worth saying on Facebook. The importance of digital word-of-mouth just can't be overstated, so neither can the importance of social media brand representation.