TL;DR
Shake Shack has invested in building an audience on social media sites like Instagram and Vine to reach Millennials, generating social media clout in real time. The brand's social media presence has a stronghold on Millennials at a minimal cost, according to a Goldman Sachs report.
New York-based Shake Shack may not have the most Instagram, Facebook or Twitter followers, but the brand has outdone the competition with the power of generating social media clout in real time.
The brand’s social media presence has a stronghold on Millennials, and at a minimal cost, in turn keeping the brand’s advertising budget to a minimum.
According to a new report by Goldman Sachs, the chain has chosen to invest in building an audience on social media sites like Instagram and Vine – portals that Millennials are highly active in.
"[Shake Shack] does essentially no traditional marketing, but has a strong presence on social media, which speaks to its relevance among Millennials," Goldman stated in its analyst report. "Using both Vine and Instagram as examples, its followers are much larger than what its system sales would suggest."
In this story
This story was originally published in 1851 Franchise on March 2, 2015. Burnaze summarizes and links to the original reporting.
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