1 Almost all SMBs surveyed use social media for their busines 81% Of businesses currently use social media 6% Plan to use social media in the future Source: LinkedIn Role of Social Media for SMBs Study, November 2014
1
Almost all SMBs surveyed use social media for their business
81%Of businesses
currently use social media
6%Plan to use social media in the future
Source: LinkedIn Role of Social Media for SMBs Study, November 2014
2
65%say social media is a
vital resource for getting new customers
The #1 challenge facing SMBs in today’s market is attracting new customers
Source: LinkedIn Role of Social Media for SMBs Study, November 2014
have used social media for finance-related
reasons
78%
Top 5 uses of social media for financial
purposes
Keep up-to-date on financial trends
1
2
3
4
5
Gather preliminary financial information
Seek advice on a financial decision
Recommend a financial product to others
Evaluate a previous financial decision
3
Over 3 in 4 SMBs use social media for financial purposes
43%
40%
32%
26%
21%
Source: LinkedIn Role of Social Media for SMBs Study, November 2014
26%
26%
25%
21%
21%
52%
48%
46%
46%
44%
Top 5 types of financial content expected on social media
Opportunities to drive content exploration by providing information aligned to their businesses needs
New product information
Industry news / strategy information
Market and economic commentary
Networking opportunities
Company background
Information received through social media
Information expected to receive through social media
4Source: LinkedIn Role of Social Media for SMBs Study, November 2014
5
70% 45% 46% 54%
LinkedIn is the most used social media site among SMB professionals
87%
Source: LinkedIn Role of Social Media for SMBs Study, November 2014
Respondents are open to receiving financial information from LinkedIn and are actioning a response based on the content
6
Openness to receiving financial information on social media sites
55%
41% 35%
46%
Source: LinkedIn Role of Social Media for SMBs Study, November 2014
% who actioned a response after receiving information on each network
66%
50%
59%
LinkedIn’s SMB audience is more engaged than the average member – and a clear affinity with companies is observed
7
134%More companies
followed
120%More check InMail
181%More shares
115%More mobile views
116%More likely to stay up to
date on industry discussions
Index vs. Average Australian Member
Source: LinkedIn internal data, February 2016
8
Personal loan Student loan Business loan
32%
27%
19%
8%6%
1%
Affluent Millennials are entrepreneurial and willing to take financial risks
Q: People often have both long-term and shorter-term goals, both personal and financial. Which of the following are current goals for you?
0.11
0.05
0.12
0.11
Affluent Millennials
Affluent GenXers
Short-term goal
Long-term goal
Short-term goal
Long-term goal
MORE LIKELY TO START A BUSINESS
NET 26%
NET 11%
Affluent Millennials Affluent GenXers
% THAT HAVE AT LEAST ONE…
19X
MORE LIKELY TO CARRY DEBT
9
M I L L E N N I A L S : T H E S O C I A L - C E N T R I C G E N E R A T I O N
34%
23%
12%AFFLUENT
MILLENNIALS MILLENNIALS GENX
VS
Seek content from financial companies on social networks
Q: Below are several purposes you may have for using social networks. For each one, please indicate which, if any, social network(s) you use for this purpose.
MOST RELEVANT CONTENT FOR MILLENNIALS
FINANCIAL EDUCATION (loans and taxes)
PERSONAL TAXES
PRODUCT / SERVICE INFO
REVIEWS FROM CURRENT CUTSOMERS
LinkedIn’s Millennial audience is one of the most engaged audiences on the platform
10
180%More companies
followed
144%More check InMail
237%More shares
204%More mobile views
135%More likely to stay up to
date on industry discussions
Index vs. Average Australian Member
Source: LinkedIn internal data, February 2016