Fospha's Q1 State of eCommerce Report Is Your 2024 Cheat Sheetπ $650 Million Analyzed for Your Success: We analyzed $650 million in ad spend to reveal the channels and strategies that actually work, so you know exactly where to invest this year.
π° Unlock Paid Social's Hidden Treasures: Paid social is a goldmine of untapped potential - our predictive modelling reveals brands can spend 41% more in paid social before reaching the profitable maximum.
π TikTok: The New Customer Magnet: TikTok is the strongest channel for new customer acquisition - this is the fastest growing channel for YoY investment. The data suggests spending in TikTok positively impacts the ability to scale other channels, too.
π Google Analytics & Ad Platforms Missing the Mark: Google Analytics and the ad platforms continue to misattribute - especially with top of funnel. With Fospha Attribution, we're able to visualise the severity of this problem for every single channel.
π Snapchat: The Dark Horse of 2024: Snapchat is the growth channel to be excited about - with massive gains on ROAS YoY alongside a substantial increase in spend, Snapchat is one to watch in 2024.
Fospha's modelling is not just deterministic, but also predictive, making it easier to stay ahead of the game. For our full insights, download the report here.
Pinterest Offers Promise to Luxury Brands⨠Young, Affluent, Ready to Spend: New data is promising for luxury brands advertising on Pinterest - suggesting that the channel offers a unique opportunity to connect with a young, affluent audience with high purchasing power.
ποΈ Luxury Retail's New Favorite Platform: Pinterest emerges as a significant platform for luxury retail engagement, with 70% of the luxury audience being under 35, and 4/5 being women. π A Trendsetting User Base: In general, Pinterest users are 27% more likely to buy premium products, and consider themselves trendsetters - this is helpful for new product adoption. For more on this data, click here.
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