New study reveals how brand conversations influence consumer spending

Shopping is a hot topic in the social space, with over 56 billion impressions on Twitter alone last year.¹ But how much does talking about brands and products actually impact sales? And how do businesses tap into this power? To find out, Twitter teamed with Publicis to study 9,600 consumers on six leading social platforms across the U.S., the U.K., India and Mexico.² So, what did we learn? Let’s talk shop. Social brand conversation is ‘the new review’ Shopping has always been a social experience. From hitting the mall with friends as a teen to asking officemates for recommendations, we all seek validation of our choices. And who hasn’t texted their bestie a pic from a store asking, “Should I get it?” So it’s no surprise that community-building and shopping were some of the first behaviors on the nascent internet. And today, online brand conversation is a trusted, everyday part of the shopping process. In the new Publicis-Twitter study, “#LetsTalkShop,” 92% of people surveyed actively seek out comments about brands, products or services on social media. More importantly, 68% said their impression of a brand was changed as a result of experiencing brand conversation. Trust plays a major role. People surveyed consider three out of every four brand conversations to be authentic. In fact, for the majority of shoppers, these spontaneous conversations are as impactful, if not more, on purchase decisions as is the influence of traditional reviews. So, yes, talk matters. Notably, of brand conversations that are recalled by consumers, 81% involve brands, or people shoppers don’t know personally. This indicates that they’re thinking outside their bubbles and broadening their spheres of being influenced. So there’s always an opportunity for your business to participate. Be active, not absent, and reap the benefits. Get them talking (and listening) early and often The study also found conversation is most impactful early in the purchase journey, which suggests people may be more impressionable well before they’ve even figured out their consideration set. Still, the research goes on to explain that brand conversation—whether brand or shopper initiated—can significantly impact purchase consideration at any point in the purchase journey. This isn’t surprising given how people shop today, gathering new inputs right up to the moment they buy. There’s a catch, though. While the data shows the influence of conversation is immediate, the impact on brand impression and consideration decays over time, particularly after the first week. So it pays to show up regularly, both in your actions and advertising, in ways that help you stay talked about. An always-on strategy can help brands engage customers regardless of where they are in their purchase journey, and can even kick-start buying decisions. ok you guys were right. oat milk is a game changer Content and sentiment matter Of course, not all brand talk is the same. The study found positive conversation is remembered far more than negative. And conversations about social issues and cultural events are also powerful drivers of consideration. So there’s a big upside for companies to find their voice and take action when appropriate for their brand. Even more encouraging: While content and sentiment of brand conversation clearly influence purchase decisions, the data shows these shifts are almost always in the brand’s favor, with 3 in 4 brand conversations resulting in more positive brand sentiment. This all supports advice we’ve long upheld: Businesses that establish and communicate their mission, values and points of view are well-positioned to leverage conversation. Authenticity counts. Trustworthiness counts. Who you are—and how you show up—is every bit as important as what you sell. “Social brand conversation has quickly become an established part of the shopping experience, giving brands the opportunity to shift decisions within the purchase journey,” said Rose Ahn, VP, global partnerships, at Publicis Media. Brand conversation on Twitter drives people to buy The #LetsTalkShop study provides powerful insights into how brands benefit from social conversation today, while revealing opportunities to make it work even harder for them moving forward. Fortunately, there are many ways you can tap into the power of conversations on Twitter: 1. Be active, not absent. Authentically contribute to and support conversation within your customers’ communities. Tweet content that gets people talking. 2. Control the narrative. You have a say in how you’re perceived. Shift sentiment by sparking positive conversation among people who care about your brand. 3. Cultivate “the new review”. Connect in a way that makes your brand feel more human. Drop new products on Twitter. Host Live Events and Twitter Spaces to share what you’re doing. Sources: ¹ “56 billion impressions on shopping related tweets in 2021.” Twitter internal data (Big Query, Semantic Core). January 1, 2021-January 1, 2022. Global. English only. ² Twitter, Instagram, Facebook, TikTok, YouTube and Reddit About Twitter Twitter is what’s happening in the world and what people are talking about right now. From breaking news and entertainment to sports, politics and everyday interests, see every side of the story. Join the open conversation. Watch live streaming events. Available in more than 40 languages around the world, the service can be accessed via twitter.com, an array of mobile devices and SMS. For more information, please visit about.twitter.com, follow @Twitter, and download the Twitter app at twitter.com/download.

New study reveals how brand conversations influence consumer spending

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