Within just 5 days of its release, Threads by Meta has amassed an astonishing 100 million users, a feat that took ChatGPT over two months to achieve. This milestone has earned Threads the title of the fastest-growing online platform in history, and is showing no signs of slowing down.
Industries across the social media landscape are scrambling to harness the potential of Threads, and the real estate industry is no exception. In this article, we delve into what we know so far about Threads and our initial impressions on how agents can get ahead of the curve.
What exactly is Threads?
Threads is Instagram's foray into the realm of text-based conversations, essentially positioning itself as the new Twitter for Instagram.
Mark Zuckerberg states: “The vision for Threads is to create an open and friendly public space for conversation. We hope to take what Instagram does best and create a new experience around text, ideas and discussing what’s on your mind.”
When asked about the potential of Threads surpassing Twitter in popularity, Zuckerberg himself took to the app and replied:
Twitter has taken a strong stance against Meta, threatening legal action against the platform. In response to a Tweet on the account @TitterDaily, Elon Musk wrote: “Competition is fine, cheating is not.”
While the apps follow the same formula, the following chart from BBC highlights some of the current differences between the two platforms:
Why should real estate agents use Threads?
While the outcome of the competition between Threads and Twitter remains uncertain, there are compelling reasons why real estate agents should pay attention to this new platform, including:
- Record breaking adoption - With its unprecedented growth, this platform holds immense potential for community building, agent-to-agent referrals and capturing the attention of potential clients. By joining Threads now, agents can position themselves as leaders in the space, and engage in a new way with their existing following on Instagram.
- A new SEO goldmine - Twitter has long been a hub for search engine optimization (SEO). Being another text based platform, Threads has the potential to serve a similar purpose, offering SEO professionals a platform to engage with each other and delve deeper into their posts due to the longer character limit.
- Content experimentation without clutter - Threads provides real estate agents with a space to test content ideas without cluttering their carefully curated Instagram profiles. This freedom allows agents to explore diverse content formats, experiment with new approaches, and gain instant feedback from their audience without compromising the aesthetics of their main profile grid.
- Zero barriers to entry - Early adopters have a significant advantage in establishing their presence on the fastest growing social media platform in history. Setting up an account on Threads takes just a few minutes, and real estate agents can claim their space before competitors inevitably catch on.
How do I get started?
Getting started on Threads is simple. Head to the app store, download "Threads, an Instagram App," and sign up using your existing Instagram account.
Whether Meta will surpass Twitter or carve out its own unique niche remains to be seen, but one thing is certain: Threads presents an exciting opportunity for real estate agents to embrace a new medium of digital engagement.