Hundreds of thousands of customer conversations happen on social media every day. Learn more about social listening on the next #SMTLive webinar. Register here.

Social Currency: The Effect of Social Media on Commerce [INFOGRAPHIC]

Social media is turning out to be less about friends and more about business. Words such as "like" and "follow" translate into terms like "money" and "market" very easily. Thumbs up turn to dollar signs as citizens around the world are making their activities known and their dollars available.  

But in the end, what is it all worth? How much business is really done through social media? Is there any sort of divide between the social media reality and the ways that we spend money?
 
This infographic answers those questions and many more. It covers the numbers about the sheer volume of users on social media, but it also helps us see easily what that all means in terms of dollars. Use of social media has more than tripled in the last three years, so it is very interesting to see how the spike in use has amounted to a boom in the social media marketplace.
 
One interesting case study displayed on this infographic is the nation of Australia. People down under have turned social media into a virtual economy of its own. And in the US, people spend nearly $200,000 every minute online. The numbers will blow your mind, but the graphics help make sense of it all. 
 
The big picture: the fastest growing marketplace on the planet is unfolding in the palms of our hands on smartphones exploding with the financial power of social media.
 
Click image to see a larger versionThe Rise of Social CommerceThe Rise of Social Commerce via Fedelta Point of Sale

Join The Conversation

  • Jul 12 Posted 1 year ago iNet_Global

    Very interesing!

Upcoming Webinars

Whitepapers

  • April 24, 2015
    Pinterest is a critical channel for any e-commerce brand. With over 70 million registered users, it deserves to be a big part of any social...
  • April 10, 2015
    With its 271 million monthly active users who produce 500 million tweets per day, it’s getting harder and harder to ignore Twitter as an im...