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Social Media Usage by Banks in Nigeria
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Banks in Nigeria
WhySocial Media?
“Social Mediais the BIGGEST shift since the Industrial Revolution”
Erik Qualman, Socialnonmics
• The Old Way of Advertising is no longer working Like it used to.
• 86% of viewers don't trust traditional advertising any longer
• The Largest Newspapers are Experiencing Record Declines in Circulation
• Only 18% Of traditional TV campaigns generate a positive ROI
• 96% of Millennia's have joined a social network.• Social Media is the number one ACTIVITY ON THE
WEB
Why Social Media
How fast isSocial Media CATCHING ON?
38 YEARS To reach 50 million listeners
RADIO
13 YEARS to reach 50 million viewers
TELEVISION
4 YEARS To bring 50 million people online
INTERNET
200 MILLION IN LESS THAN 12 MONTHS!
What are people saying about your brand on social media?
The average user spends more 55 minutes a day in Facebook alone which results to 6.5 hours a week
Companies that are both deeply and widely engaged in social media
significantly surpass their peers in both revenue & profit
Studies show that company sales with the highest levels of social media activity grew on average by +18%
While those companies with the least amount of social media activities saw their sales decline by -6%
+18%
-6%
Facebook Usage by Banks in Nigeria
Research proves that GTBank is leading in Social Media within the
banking industry in Nigeria.
Don’t be left behind, join the train.
ROI
Investment ₦ ₦
•Time•Manpower•Technology•Expertise
Implementation
•Developing Strategy•Embedding Social Media in integrated marketing campaigns•Building relationships•Learning
Impact
•Web Traffic•Conversions•Impressions•Social mentions•Press•Fans/Followers/Friends
Financial Gain ₦
•Revenue•Transactions•New Customers