Social Media Marketing Spending Set to Increase — Recession; What’s That?

by Shveta Singh24. March 2009 04:42       Bookmark and Share

Here’s something to cheer about in a recession hit economy. 

A new report by Forrester called “Social Media Playtime Is Over", indicates that companies are optimistic about the role of social media marketing in the face of recession. Over half (53%) of the 145 interactive marketing professionals surveyed intend to increase their social media marketing budgets. Only 5% of the respondents plan to decrease the spending.

 

The report goes on to reveal that the fastest growing categories in the social media bouquet are social networking, blogging and user generated content. The general opinion is that these are relatively inexpensive and more effective tactics to communicate marketing messages.  

Another interesting, but not so heartening revelation is that three fourth of the marketers surveyed are spending a miniscule $100,000 or less per year on social media. And, social media is not an integrated part of their overall marketing strategies. They are just experimenting with social media tactics in isolation.  

This report strengthens our already firm belief that Social Media Marketing is the way to goHowever, what needs to be kept in mind is that social media can’t be looked at in isolation. It has to be in synergy with a company’s overall marketing strategy. Only a focussed, consistent social media approach can deliver measurable results in the long run.

 

Which digital marketing tactics will dominate 2009?

by Shveta Singh3. March 2009 07:13       Bookmark and Share

Economic slowdown, shrinking marketing budgets and shifting focus from traditional to digital marketing…much has already been said and written about this. However, what remains unaddressed is — which tactics and channels in digital media are drawing the maximum interest? Is the focus still on the tried and tested tactics such as SEO, PPC or is it shifting? 

 

 

TopRank Online Marketing, a leading global internet marketing company, recently conducted a poll to discover their blog readers’ preferences for digital marketing tactics in 2009. The question that was asked was, “What 3 digital marketing channels & tactics will you emphasize in 2009?

Here are the results of the poll showing top ten tactics:

  • Blogging (34%)
  • Microblogging (Twitter) (29%)
  • Search engine optimization (28%)
  • Social network participation (Facebook, LinkedIn) (26%)
  • Email marketing (17%)
  • Social media monitoring & outreach (17%)
  • Pay per click (14%)
  • Blogger relations (12%)
  • Video marketing (10%)
  • Social media advertising (7%)

Interestingly, out of the top 10 tactics, 6 fall into the category of Social Media Marketing. In addition to this, blogging and twitter have toppled the erstwhile ruler SEO.

 

The respondents primarily came from United States, United Kingdom, Canada and Australia, still this poll looks like a good indicator of shifting preferences globally. Being the industry leaders in the Indian digital marketing space, we know that this trend holds good for India as well. From big corporate houses to start-ups, everyone wants to go the social media way.

All we can say is — Way to go…

 
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Welcome to the iStrat Digital Marketing Blog!

This blog is a platform for us to share news, views, reviews and analysis around digital media and communications. We have just started but our plans are big. With time, we intend to evolve this blog into “The Destination” for the Indian digital media industry. We invite you to be a part of our endeavour. We look forward to your active participation in discussions initiated on this forum and featuring your views, feedback and suggestions on a regular basis.

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