Where’s the ROI in Social Media? (Part Three)
This is the third part of ongoing series. Part One & Part Two are available. Part One of this series introduced the topic. Part Two was about setting the right mindset. Now is the time to evaluate some mathematical equations for measuring social media ROI. Special thanks to Angie Schottmuller of Search Engine Watch for writing a detailed article entitled “Social Media ROI: 14 Formulas to Measure Social Media Benefits”. I’m only taking a look at 3 of the equations she proposes today due to time & space constraints. I recommend reading her full post when you have some time Read More
Where’s the ROI in Social Media? (Part One)
The topic of ROI in social media is one that seems to be constantly on the minds of marketers in a variety of industries. If you type “social media ROI” into Google, there are approximately 24,300,000 results. There’s good reason for such a high number of results. According to a September 2011 post on the Digital Buzz Blog website… 96% are starting to look beyond sales goals and web metrics to identify the value of social marketing efforts 76% of businesses are using social networking for business objectives 64% of marketers are integrating social media into their marketing plans Since Read More
Studies say LinkedIn Beats Twitter, Ad Spending Shifts
Several year-end studies point out a gap in lead generation performance among social media sites plus significant changes ahead for social media advertisers and the websites that rely on social advertising revenue. According to a new study published in the Media Bistro blog, 91% of business to business marketers use Twitter, but LinkedIn generates twice as many leads. Facebook ranked #2 in terms of leads, followed by company blogs, the story reports, while Twitter came in fourth. The survey results arrived at the same time that two different companies announced new lead generation tools for LinkedIn. One, according to the Digital Journal, Read More
Nine in 10 Marketers Use Facebook — Why?
A new study reported in the Social Media Examiner reported that in April, 2011, nine of every 10 corporate marketers said that they used Facebook. That’s 92%, if you like statistics as a percentage of the total. Twitter and LinkedIn rank #2 and #3 on the marketing social media usage charts. That’s not surprising. How many of those marketers have incorporated social media into their overall marketing plans? What percentage actively monitorthe return on their social media investment with something other than the “3F’s” (friends, fans, followers)? One thing that is important in looking at social media is the demographics of those friends, Read More
