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Marketing Budgets Allocated to Using Social Media to Build Customer Loyalty Increase 293%

According to a June – July email survey of 369 U.S. marketers — consisting of loyalty marketing firm COLLOQUY subscribers and Direct Marketing Association members — U.S. companies that use social media primarily to deepen customer loyalty spend almost twice as much as companies who use it for brand awareness, customer acquisition and other core [...] Read →

21% of Marketers Moving Budget from Mainstream Media to Fund Social Media

King Fish Media has released a report, “Social Media Usage, Attitudes and Measurability: What Do Marketers Think?” based on an April – June survey of 457 respondents at b2b and b2c marketers.  Highlights from the report: 72% of respondents currently have a social media strategy, and 80% of those who do not plan to have one in the [...] Read →

68% of Companies Spend Less Than $5000/Yr on Social Media Marketing

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Econsultancy’s 59-page The Value of Social Media Report, produced by in association with Online Marketing Summit, is based on an online survey of more than 400 client-side marketers and agency respondents, which took place in December 2009 and January 2010.  Findings include: Facebook is the Web property mostly commonly used in social media, with 85% of companies [...] Read →

77% Moving TV Media Dollars to Social Media this Year

A new Forrester Research/Association of National Advertisers survey, “TV Advertising Budgets are Under Siege,” looked at 104 U.S. advertisers in 21 industries, representing nearly $14 billion in measured media budgets. The survey found that social media, web advertising and search are stealing budgets from TV and other media. Of those surveyed, 77% said they would [...] Read →

70% of Marketers Plan to Increase Budgets for Social Media Marketing

According to a Jan 2010 Econsultancy survey of more than 1,000 US and UK marketers, conducted in association with ExactTarget, 46% of companies plan to increase their marketing budgets in 2010, and 66% will increase their investments in digital marketing channels. Additionally, investments in digital marketing will increase by 17% in 2010, and will account for 24% [...] Read →

45% of Brand Execs Say Social Networks are a Top Priority for 2010

According to research from the Society of Digital Agencies (SoDA), the “2010 Digital Marketing Outlook,” 81% of the brand executives surveyed expected an increase in digital projects in 2010, and one-half will be moving dollars from traditional to digital budgets. Senior marketers reported that social networks and applications were their biggest priority for 2010, with the [...] Read →

Two-thirds of Marketers Plan to Spend on Social Media, 40% Don't Feel Prepared.

Two-thirds (66%) of marketing professionals plan to invest in social media over the next 12 months and 40% will shift more than one-fifth of their traditional direct marketing budget toward digital, interactive, or social channels, according to an Alterian survey of 1068 marketing professionals worldwide.  The majority (67%) say social media is either “increasingly important” or “critical [...] Read →

More spending on social media in 2010

According to The Social Media and Online PR Report, published by Econsultancy in association with bigmouthmedia, 86% of companies plan to spend more money on social media in 2010, while 13% are planning to keep the same level of budget. 54% of companies say that the biggest barrier to better social media engagement is a [...] Read →

Facebook to pass MySpace in ad spending in 2010

Marketers will spend $1.2 billion in paid advertising on social networks in the U.S. in 2010 — a 3.9% increase driven mainly by Facebook’s rapid growth, according to a new eMarketer forecast. Worldwide, paid social network advertising is expected to increase 12% to $2.2 billion this year, and to $2.5 billion in 2010. Facebook’s U.S. ad revenue [...] Read →

U.S. marketers plan to increase social media spending

According to eMarketer, the MarketingSherpa 2010 Social Media Marketing Benchmark Report, shows that U.S. marketers plan to increase social media marketing budgets in 2010. Retail and e-commerce marketers are more likely to increase social media marketing budgets next year, at 79%, followed by publishing and media at 63% and computer hardware and software companies at [...] Read →

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