Business Communication Role of Social Media in Business Communication Social Media Websites and Applications that enable users to create and share content or to participate in social networking. Social media allows people to connect in the online world to form relationships for personal, political and business use. Usage of Social Media in Business. Usage of Social Media in Business. Usage of Social Media in Business. Since the 2018, social media has grown to become an even more crucial element of digital communications strategies. Social media delivers measurable results in sales, leads, and branding. It offers marketers great ROI, enabling them to reach a large audience at a low cost. There are 3.48 billion social media users in 2019, with the worldwide total growing by 288 million (9 percent) since this time last year. Why Social Media? Online adults aged 18-34 are most likely follow a brand via social networking (95%) 71% of consumers who have had a good social media service experience with a brand are likely to recommend it to others. 63% of customers actually expect companies to offer customer service via their social media channels, and 90% of social media users have already used social media as a way to communicate with a brand or business. Visual content is more than 40 times more likely to get shared on social media than other types of content. Facebook statistics in Business In 2015 Facebook influenced 52 per cent of consumers’ online and offline purchases, up from 36 per cent in 2014. There are now more than 50 million small businesses using Facebook Pages to connect with their customers (Source: Facebook). 4 million of those businesses pay for social media advertising on Facebook. (Source: Forbes) The best time to post on Facebook is 3:00 p.m. on Wednesday. Other optimal times include 12:00–1:00 p.m. on Saturdays and Sundays and 1:00– 4:00 p.m. on Thursdays and Fridays. Twitter Statistics in Business. Usually best for Personal Branding. Link clicks account for 92% of all user interaction with tweets. 78% of people who complain to a brand via Twitter expect a response within an hour. There is a total of 1.3 billion accounts, but 336 million are active.(Growth of twitter has slowed down). But for now Twitter has found new growth. Latest study by Locowise found that adding hashtags had no effect on engagement rates. In fact, tweets without hashtags outperformed tweets with hashtags. Twitter’s Stock Price Instagram’s Statistics in Business. Top brands on Instagram are seeing a per-follower engagement rate of 4.21% which is 58 times higher than on Facebook and 120 times higher than on Twitter Media brands are the most active whereas business services, financial services, and fast moving consumer goods have the lowest percentage of brands represented on Instagram. Products were the top content types for the top 200 global brands in terms of engagement, at 60% in 2015 beating lifestyle category by over 20%. Posts tagged with another user (56%) or location (79%) have significantly higher engagement rates