October 6, 2010
I thought, should share this interesting survey done by E-consultancy whom I follow regularly! This topic is very much debatable. Perhaps an interesting post via Digi News
The post goes here…
According to a recent report, businesses that invest in marketing apparently cannot measure their growth results on any scale.
Econsultancy states, by a total poll of 47% from the entire staff of over 800 employees, that includes professionals from PR as well as marketers. An estimated 76%w claim there was no ROI amount for their entire investment on social media channels.
Below is a mention of a few statistics accumulated:
• 83% used Twitter for social media strategies.
• 83% used Facebook for social media strategies.
• 83% businesses plan to increase expenditure on social media websites.
• 28% companies do not spend any amount on social media.
• 33% have an expenditure on social media activities which is less than 5£ per year.
• 29% businesses do not have a reliable staff to execute these initiatives.
• 49% companies state resource shortage as a reason for average performance.
• 30% claim insufficient budgets to reach their company goals.
The Research Director of Econsultancy, Linus Gregoriadis recently stated, “2010 has been a year in which companies have tried to become more focused in their social media marketing activity. Much of their activity is concentrated on the use of Twitter and Facebook, with the vast majority of companies (83% and 80% of respondents respectively) using these sites as part of their social media strategy. Companies are harnessing these sites for a range of business functions including marketing, sales, and customer service and product development.”
Is the hype for social media justified with such results for business firms and brands?
To conclude it further. The hype cannot be justified at this point of time because we all know Social Media will start generating results only after sometime. At this point of time.. it is imperative to consider it strongly and include it our marketing mix. Moreover, this is not a time to actually think of results but only keep doing with best of the efforts.
Hence, this topic does not justify that Social Media is actually a hype! We have seen many brands in India who are equally adding their best efforts to engage users in different ways and have been successful. Then there are brands like Pantaloons who consider Social Media as their ATL activity
Along with the dynamism of this medium it also brings ambiguity to many of us about how successful it can be. But, the answer is Try it out first and then conclude! As I said, getting into Social Media also needs great sense of motivation and devotion. It’s not easy to manage people! 🙂 Isn’t it?
July 27, 2009
Conversations are built on the quality of the content used, it could be in the form of Pictures, Videos, text, link, captions or any form of the content. I am not just saying content, but it is all about quality content. “Quality Content!!” this sounds too tricky. Sometimes I would feel what quality content would be. Is it professionally shot pictures, videos, written text… Hey…. No not at all… What I mean about quality content is something which triggers you to express your views, something which tickles you, something which instigates you to raise your voice, opinions. In other words, something which involves you in a conversation, viewing of videos, viewing of photographs and much more. The content associated with every conversation should connect users with their expressions and views. Be it a picture or a video, we always have something to say about it, but sometimes it subsides within ourselves or sometimes the content is so strong that we cannot handle our expressions and the result would in the form of comments, liking etc. Though it might be just a picture or a video there should be something associated with it, as every picture or a video has something to say always. Many of us still feel that if just sharing content would be enough to trigger conversations, YES in simple words. Imagine in our school days, everyone of us would be very excited to share our new fancy looking water bottles, New school Bags, New Book covers, New pencil boxes with our friends. Sometimes you also drive attention of people who are not your friends, just because you have something unique with you to talk about or share about.
It’s the same thing, you do it when you share something unique and creative with the users. These are key elements to drive people’s attention and hence building conversations around the content. Now this content could be company facts, their developments, their expansions in the industry, their achievements, let people know about what we are doing, in this case we are giving them an opportunity to speak to us or about us.
There are some other ways to look at triggering conversations such as using some teaser messages such as “Government goofing up with people’s tax money”, the picture or video associated with it could be very positive such as the video might show the entire tax money getting utilized for the betterment of the country and also showcases important initiatives taken in the progress of the country. These kind of messages will certainly add lot of value and will also gain lot of conversations to its surprise value too. So, the idea behind triggering conversations are not building BIG ideas, but small idea pieces which builds regular conversations around a brand, service or an individual
Filed in Digital Communications, Digital Marketing, Influential Marketing, Social Media Marketing
Tags: Digital PR, Important social Media conversational topics, Improving Social Conversations, Indian Social Media, Indian Socialism, Influential Marketing, Invest in Social Media. Social Media Return, Social Conversation, social conversation skills, Social Conversation Topic, Social Conversations, Social Media conversation startups, Social Media Discussions, Social Topics to discuss, word of mouth
January 29, 2009
Did we ever realize that we are far far, far superior than Google. I realized this, in one of our discussions with my friends & colleagues. As usual, we were discussing about a brand and how can we leverage multiple platforms in promotion. Let me start with Google and its search logic. Whenever we key in any query in the search bar. It gives you many specific results and it also gives you related results. If you click these related results, we can see more related results on it, and this route map continues.
I found this logic very much similar to our brain and the way we think. I also realized that this is the exact logic we should use it for any brand when it comes in implementing any digital program for them as the platforms are endless. So far, i have observed many people fail to think this way when it comes in implementing online marketing tactics, related to social media and the new evolved online technologies.
Ideas on Social media and other digital marketing tactics are endless. It depends on how far you can connect each idea and come out with a new sub-idea. But, it also depends how far you can implement those ideas. Lot of people call it as Brain mapping. But, yes it is actually brain mapping, which helps you to realize the endless ideas and implementations towards any Digital Marketing Program. A simple illustration is been illustrated on this perception, the image actually depicts a process on a patient, but the logic remains same to our context.
I think nowadays, I am breathing Search Engine Marketing & Social Media Marketing, as it is connecting me or rather i am getting connected at every step and every moment of my life. As i was mentioning about a discussion with my colleagues on a brand, we went on connecting every parameter of the brand and further went on connecting platforms to be used to promote the desired brand.
Initially when it came to me, of course, i had lot of things in my mind, but further i went on realizing many more connecting ideas to it, which very much worked as Brain Mapping. Many people say that it might be a brain storming process, but most of the brain storming session involve only debates and arguments. Good, I attended one of the Brain Mapping workshops in the past. But frankly I literally got bored of it and even thought why would i think that way. But yes now it gave me a great platform to think that way. Thanks to that Brain mapping workshop which I attended. Google exactly follows this logic. I think the owner of the Google was a Brain Mapping Guru 🙂 sounds funny right! No not at all. This is a very important aspect to any successful foundation, technology and identity.
Did any one realize how brain mapping works, its exactly resembles our popular concepts of Social Networks and the great influential marketing. Where each of your thought is influenced by another thought. I have even added a picture so that it can be related easily.
Every thought is connected to another. Similarly there is no reason why the logic behind Social Media is not exactly like a thought of a human.
Filed in Digital Communications, Digital Marketing, Influential Marketing, Social Media Marketing, Web Marketing
Tags: Brain Mapping, Digital Marketing, Digital PR, Indian PR, Indian Social Media, Indian Socialism, Influential Marketing, Invest in Social Media. Social Media Return, Logic Marketing, Measuring Social Media, Online Marketing Tactics, Search engine, SEM, Social Media, Social Media Tactics, word of mouth
December 11, 2008
We all know that Social Media is the next media available to reach our business targets, service related communication etc etc. But still, there has been lot of disagreement in using this media as the sole media.
Lot of corporates still say that it is a wage playground and anybody does anything. Well we all are in the same democratic society. Everyone has a right to speak about anything. Its in our hands and minds whether we should pay attention or be ignorant. Research agrees, that most of the people write negative about brands, criticize them , but did anybody try to passify it or tried to justify it. Well it just takes few minutes to explain or justify. But with subconscious minds nobody tries to do it. As it is known as READ, WRITE WEB, who ever wants to justify they can do it immediately. Thats where participation comes into picture and its just a initiative which is very much needed.
As we all know that if we need answers to anything we need to be participative in order to understand effectively.
In India, its time to switch on to these kind of marketing programme, as people are no more interested in looking at TV commercials, not at all interested in receiving calls from service related companies, such as Life Insurance, Credit Cards, Tours & Travels, Study Abroad, Club Membership. OH MY GOD.. there is so much to sell.
Right from the Retail segment to Distributor – Dealer network segment everyone is relying on the traditional marketing such as Print Ads, TV commercials, Call centres. But did anyone realize that how many people are looking at TV commercials nowadays. As an example, how many people switch channels during commercial breaks, and how many people get irritated with the sales calls?
So keeping all this mind, its high time that all companies start making provision for an alternative marketing programme.
Yes Social Media. This article is not to promote social media but to actually make people realize the importance and unknowingly how it is growing within our circles.
yes there are advantages and disadvantages of it. But every media has it. The best way of marketing is to cover every single source of marketing.
Social Media is a best way of permission based marketing system. So hence everyone knows it that until and unless you accept it, nothing is coming behind you.
There is lots to talk about it. But i guess this length of the article would be interesting to read and not boring to ignore.