Snapchat is still growing in popularity for fashion brands and retailers as companies are still trying to figure out how to utilise the platform for marketing purposes. Regardless of this, brands should be researching how Snapchat could fit into their social media marketing efforts as the platform has reportedly got a higher engagement rate than Instagram and over 100 million active users every day. This article talks about the drawbacks and difficulties companies face when trying to start up and use Snapchat and gives an interesting take on the platform; http://fashionista.com/2016/05/snapchat-fashion-brands . These include the disappearing data of the app, the cost involved, posting regularly and the cost of advertising on the platform.
Snapchat allows brands to show a whole new side of themselves to a younger demographic however many brands are still unsure on how to utilise the platform to their advantage. As a social media platform snapchat follows different rules than other platforms such as Instagram and Pinterest where the final images are tunes and filtered to perfection. Snapchat users want to see the raw and messy behind the scenes action that they do not have access to anywhere else. Like all marketing plans, companies need to heavily consider and map out their plans for snapchats and allocate time and resources to the platform. Read about how some fashion brands are failing to utilise the full potential of Snapchat here; https://www.yahoo.com/style/why-are-fashion-brands-joining-snapchat-doing-120215565423.html
This article from WGSN wrote about five fashion brands that successfully used Snapchat as a marketing tool in 2015. A key takeaway from the article is how to use the platforms features to diversify from competitors. For example creating a buzz and sense of urgency amongst consumers to follow the brand to see live updates at fashion shows as the content disappears after 24 hours. This encourages passionate fans to follow the brands on the platform. Brands such as Michael Kors and Balmain also used young models and influencers on their snap chat to attract a younger demographic. You can read the full article here: https://www.wgsn.com/blogs/snapchat-the-five-brands-that-got-it-right-in-2015/