TOP TRENDS FOR BRANDS AND BUSINESSES IN 2024
In 2023, the digital universe saw seismic transformations, from the rise of ChatGPT to Twitter's transformation into X and the emergence of Threads, all as metaverse buzz declined. As we approach 2024, brands and businesses must anticipate and leverage the following digital marketing trends.
The Spotlight Shifts to Social Media Search Optimisation
Previously, marketers focused on optimising online content for search engines such as Google and Bing. However, by 2024, the savviest marketers will be shifting their focus to social media platforms. Google reports that 40% of Gen-Z utilise TikTok and Instagram for search, therefore optimising social media content with keywords and metadata is now critical. Incorporating keywords into captions improves post discoverability, signalling a shift away from a brevity-focused strategy to social engagement.
The Ongoing Evolution of X's Monetisation Strategies
Elon Musk's acquisition of Twitter, now known as X, signalled a sequence of transformational changes. Musk's actions, such as barring third-party apps, implementing paid verification marks, and rebranding Twitter as a multi-functional platform, represent a dynamic shift in monetization techniques. As X navigates its ad income decline, 2024 could be critical for demonstrating its relevance in a changing environment.
Introduction of Instagram Threads
Meta's July launch of Threads provided a text-based platform for public chats, and by November, it had 141 million members. Threads, which recently launched in Europe, is primed for exponential development. As the app grows globally, it may surpass X and become the premier public text platform.
Growing Embrace of YouTube Marketing, with a Focus on YouTube Shorts
YouTube, the world's second-largest search engine, continues to be a popular social media video platform. With 95% of teens using YouTube, it outperforms TikTok and Instagram. YouTube Shorts, which receive over 50 billion daily views, is a trend to monitor. Amid TikTok's data issues, advertisers are shifting to YouTube Shorts and Meta Reels for short-form video content.
AI and Metaverse Merge
While Meta's focus on the metaverse is clear, artificial intelligence (AI) is poised to take the spotlight in 2024. Meta's launch of Meta AI and 28 additional AI tools highlights this trend. These new AI’s will go beyond standard chatbots to offer creative capabilities based on cultural icons that reshape digital encounters. ChatGPT's extensive acceptance shows that chatbots will continue to dominate digital discourse.
Rise of Nano-influencers
The influencer environment is changing, with nano-influencers (1,000–10,000 followers) gaining traction. According to studies, nano-influencers generate twice as much engagement than macro-influencers. Because of their high engagement and low cost, brands, particularly those in the beauty, fashion, and wellness industries, are harnessing these influencers. Nano-influencers may hold the key to increasing engagement with targeted audiences in 2024.
Success in the digital landscape in 2024 will be determined by how well these developments are adopted. To remain at the forefront of digital marketing, brands and businesses must not just monitor but actively participate in trends such as AI. As the digital landscape evolves, those who embrace the changing dynamics of where, how, and when they communicate with their audience will be rewarded with surprises and delight.
