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Snapchat IPO Follows the Facebook Playbook

Snapchat IPO Follows the Facebook Playbook

As Snapchat parent company paves the way for its initial public offering, they are mimicking the playbook from Facebook. They have beefed up their daily active users 158 million daily active users[1] versus Facebook had 438 daily active users at its launch[2] Therefore, Snapchat is learning to strike while the iron is hot, just as Facebook did during their public offering.  Facebook at the time was concerned with slower user growth of users, hence the acquisition of Instagram to expedite their user base.

Here’s what you need to know about Snapchat

Since Snapchat has grown to a strong user base, it makes perfect sense to cash in on their success versus raising even more funds for an acquisition. The IPO is rumored to launch at $25 billion dollars.  According to documents filed by Snap Inc. (Snapchat’s parent company), Snap Inc. lost $514 million in 2016 on $404 million in revenue.[3] So the time is now for their IPO, so they cash in their positive trajectory.

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Snapchat also has been increasing their revenue per user to $1.05 in the 4th quarter of 2016 (according to company filings) versus $2.41 for Facebook at the time of their launch.[4] Although it’s less per user than Facebook, it’s impressive for Snapchat to begin monetizing their users so quickly versus just focusing on user growth – another Facebook-like move. In terms of employees, Facebook had 3,200 headcount at launch, while Snap had 1,859 employees at the time of its filing.[5]

Facebook mimics back

Meanwhile, Facebook reciprocated Snapchat’s mimicking. Two years ago, Facebook was struggling to get its users to post more, so it copied Snap’s model of short video “stories,” adding in filters and writing on the screen. At the time, it took nearly twice the time to post on Facebook then Snapchat, as they felt it was alienating its younger user base. Currently Instagram, (owned by Facebook), looks a lot more like Snapchat than Twitter with the use of rich media: graphics, videos and emojis versus words.

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Is Snapchat the winner?

At this point, Snapchat is in the driver’s seat: revenue is growing, daily active users are increasing and the environment is ripe for the next hot IPO. It was the game plan that Facebook laid out in 2011, which Snapchat is following and will reap the rewards.

Baby boomers also play a part

Another key area for growth is the baby boomers, who are becoming more active on social mediums, as they might not posting selfies, they are posting from their iPads at home. With high disposable income and an aging population, they are shopping for items that are becoming necessary such as real estate for their retirement years or even electric wheelchairs, such as KD Smart Chair.

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Social media is now the norm

Social media has now become the norm and is no longer a “millennial” thing. It also is not social, but is becoming an essential promotion tool[6] for businesses. It appears that Snapchat learned from  Facebook’s as it seems to be launching a successful IPO and will lead the charge for all social mediums in 2017 and beyond.

Featured photo credit: Redd Angelo via unsplash.com

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Reference

More by this author

Tom LaVecchia

Digital Marketing, Founder of New Theory Magazine

Shocking Facts About Millennials [Infographic] Snapchat IPO Follows the Facebook Playbook Cell Phone Addiction In America – The Shocking Truth Tips To Become Self-Motivated in 2017

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Last Updated on February 15, 2019

7 Tools to Help Keep Track of Goals and Habits Effectively

7 Tools to Help Keep Track of Goals and Habits Effectively

Now that 2011 is well underway and most people have fallen off the bandwagon when it comes to their New Year’s resolutions (myself included), it’s a good time to step back and take an honest look at our habits and the goals that we want to achieve.

Something that I have learned over the past few years is that if you track something, be it your eating habits, exercise, writing time, work time, etc. you become aware of the reality of the situation. This is why most diet gurus tell you to track what you eat for a week so you have an awareness of the of how you really eat before you start your diet and exercise regimen.

Tracking daily habits and progress towards goals is another way to see reality and create a way for you clearly review what you have accomplished over a set period of time. Tracking helps motivate you too; if I can make a change in my life and do it once a day for a period of time it makes me more apt to keep doing it.

So, if you have some goals and habits in mind that need tracked, all you need is a tracking tool. Today we’ll look at 7 different tools to help you keep track of your habits and goals.

Joe’s Goals

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    Joe’s Goals is a web-based tool that allows users to track their habits and goals in an easy to use interface. Users can add as many goals/habits as they want and also check multiple times per day for those “extra productive days”. Something that is unique about Joe’s Goals is the way that you can keep track of negative habits such as eating out, smoking, etc. This can help you visualize the good things that you are doing as well as the negative things that you are doing in your life.

    Joe’s Goals is free with a subscription version giving you no ads and the “latest version” for $12 a year.

    Daytum

      Daytum

      is an in depth way of counting things that you do during the day and then presenting them to you in many different reports and groups. With Daytum you can add several different items to different custom categories such as work, school, home, etc. to keep track of your habits in each focus area of your life.

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      Daytum is extremely in depth and there are a ton of settings for users to tweak. There is a free version that is pretty standard, but if you want more features and unlimited items and categories you’ll need Daytum Plus which is $4 a month.

      Excel or Numbers

        If you are the spreadsheet number cruncher type and the thought of using someone else’s idea of how you should track your habits turns you off, then creating your own Excel/Numbers/Google spreadsheet is the way to go. Not only do you have pretty much limitless ways to view, enter, and manipulate your goal and habit data, but you have complete control over your stuff and can make it private.

        What’s nice about spreadsheets is you can create reports and can customize your views in any way you see fit. Also, by using Dropbox, you can keep your tracker sheets anywhere you have a connection.

        Evernote

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          I must admit, I am an Evernote junky, mostly because this tool is so ubiquitous. There are several ways you can implement habit/goal tracking with Evernote. You won’t be able to get nifty reports and graphs and such, but you will be able to access your goal tracking anywhere your are, be it iPhone, Android, Mac, PC, or web. With Evernote you pretty much have no excuse for not entering your daily habit and goal information as it is available anywhere.

          Evernote is free with a premium version available.

          Access or Bento

            If you like the idea of creating your own tracker via Excel or Numbers, you may be compelled to get even more creative with database tools like Access for Windows or Bento for Mac. These tools allow you to set up relational databases and even give you the option of setting up custom interfaces to interact with your data. Access is pretty powerful for personal database applications, and using it with other MS products, you can come up with some pretty awesome, in depth analysis and tracking of your habits and goals.

            Bento is extremely powerful and user friendly. Also with Bento you can get the iPhone and iPad app to keep your data anywhere you go.

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            You can check out Access and the Office Suite here and Bento here.

            Analog Bonus: Pen and Paper

            All these digital tools are pretty nifty and have all sorts of bells and whistles, but there are some people out there that still swear by a notebook and pen. Just like using spreadsheets or personal databases, pen and paper gives you ultimate freedom and control when it comes to your set up. It also doesn’t lock you into anyone else’s idea of just how you should track your habits.

            Conclusion

            I can’t necessarily recommend which tool is the best for tracking your personal habits and goals, as all of them have their quirks. What I can do however (yes, it’s a bit of a cop-out) is tell you that the tool to use is whatever works best for you. I personally keep track of my daily habits and personal goals with a combo Evernote for input and then a Google spreadsheet for long-term tracking.

            What this all comes down to is not how or what tool you use, but finding what you are comfortable with and then getting busy with creating lasting habits and accomplishing short- and long-term goals.

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