Lauren Maloney, University of Florida
Though much of Instagram's popularity is fueled by millennial users,
The University of Massachusetts Dartmouth Center for Marketing Research dove in to the details of how the fastest-growing businesses (
Inc. 500) versus the wealthiest businesses (
Fortune 500) engaged on the highly visual social network in 2016. The companies who have worked Instagram in to their media efforts are performing at the top of their industries and research suggests their competitors should take note.
With different goals in mind, both groups were said to use Instagram in a creative way.
Inc. 500 goals were product promotion and thought leadership. Alternatively,
Fortune 500 was said to use Instagram as a platform for sharing more information about specific products with their audiences.
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