Social Media Statistics for Business

The importance of social media cannot be stressed enough. To get a glimpse at just how influential it is, here’s a look into the statistics surrounding social networks and the reach they have in the world today.

The importance of social media cannot be stressed enough. To get a glimpse at just how influential it is, here’s a look into the statistics surrounding social networks and the reach they have in the world today.

To start, social networking is the most popular online activity worldwide. It has some 1.2 billion users around the world, or 82% of the online population. In the United States specifically, 98% of the online population is connected through social networks. As of October 2011, nearly 1 in every 5 minutes spent online is now spent on social networking sites. This current 19% is a giant leap since March 2007, when only 6% of time online was dedicated to social networks. Facebook’s impact specifically cannot be overstated; Facebook is the third largest web property in the world, behind only Google sites and Microsoft sites.

So what do marketers have to say about their business and social media? According to Social Media Industry Report for 2011, a survey of 3,300 marketers conducted by Social Media Jungle, 90% of marketers said that social media was important to their businesses. 67% of small business owners surveyed strongly agreed that their social networking was important to their business.What benefits were found for business? 88% of marketers indicated that their social media efforts have generated more exposure for their businesses. Improving traffic and subscribers was second, with 72%. Nearly two thirds indicated a rise in search engine rankings, and 51% found that social media generated qualified leads.