Performance Marketing on Instagram in 2023
Years ago, Instagram became a part of our social networks as a photo-sharing site. It was filled with different aesthetics and small captions with relevant hashtags. As the market flourished, Instagram too adapted with competition to provide similar services to the app user. What was initially limited to pictures and captions soon started offering the ‘Story’ feature to offer a similar experience as Snapchat. Similarly, a few years later, when the world caught the TikTok fever, Instagram started offering reels as well.
While social media marketing helps reach new audiences, it is crucial to track the progress it makes. Hence, performance marketing comes into play.
So, how was 2022 for Instagram?
While the network has been popular as ever, with 2 billion users worldwide, Reels dominated the year.
While Instagram maintained its popularity, it also faced a lot of criticism from users due to its over-emphasis on reels. Users wanted to experience the old-school Instagram with pictures and captions.
During performance marketing, it is crucial to understand how different techniques are received by the audience. Such criticism can impact the engagement rate and increase the cost per reach.
The criticism was acknowledged by Instagram, only to be followed by the plans of making changes in the algorithm. This year, the focus will be on creating balance. The aim will be on creating a balance between photos and videos.
What is expected?
As an advertiser, one needs to understand how these changes will reflect performance marketing. The content needs to be trend-based and Instagram's changed algorithm will showcase changes. Hence, you need to understand how to optimise the content.
Create content plans that will showcase both photos and videos.
For effective performance marketing, it is important to ensure that every change made in the algorithm is taken into account while running any campaign.