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?
April 20, 2009
Gifts & Prizes are no more special to anyone. In India, Marketers have started misusing Social Media for their own benefits. I keep coming across many new blogger contests, where they have started giving prizes for tweeting and writing about their brand in their blogs. Well I would like to refer the recent one which I just came across organized by Indiblogger.in and Peppysophia.com. The way they have communicated about the blogger contest is truly commercial and intentional. Hmmmmm…. Why are marketers trying to spoil and control this medium.
Why can’t marketers leave it to a blogger to write whatever he or she feels about. Why are marketers making it more obligatory to write positive about them.
Prizes, Money and expensive gifts do spoil people’s mind and their skills. But one has to understand and make their own decision, whether to support these acts or discourage these acts. Believe me, being in a controlled messaging world, I feel social media is a place where one can express his or her views openly without any hassles.
I recently came across few blogger communities who are equally supporting these acts. Please guys.. why can’t we keep these communities clean and not handover ourselves to these selfish motives.
Certainly, there are other marketers who understand the value of Blogs and other Social Media Platforms, who see that they don’t loose out the essence of this platform. I would term Social Media as People’s Media.
So let people decide what is wrong and what is right and not try to influence them with Gifts & Prizes. Of course, there can be gratifications, but there should not be any motive behind it.
Needless to say, this shows that how valuable our comments and our suggestions are. They do get considered, which certainly acts as Word of Mouth (WOM) publicity. There can be few aspects to look at it :
- Wants to share information about their brand
- Wants to distribute information across multiple channels
- Wants to conduct a survey through Bloggers
- Wants people to review their product
- Wants to build direct relationship with the consumers
- Wants to observe or keep a close eye on how a product is performing
- Wants to be more transparent about their functionality and their operations
- Considering the fact that online users are far more powerful than the people behind using traditional news items such as Publications and electronic media, so caring about online users is justified
Only these are possibilities due to why one wants to invite Bloggers or run a social Media campaign or there can be some detailed reasons from the above.
All others could end up tampering an individual’s opinion and views. So friends, lets not get influenced with these worthless Gifts and Prizes which influences us to tweak our thoughts and opinions.
Filed in Blogger Outreach, Brand Reputation, Digital Communications, Influential Marketing, Social Media Marketing, Written Communication Marketing
Tags: Bad practices in Social Media, Bloggers Meet, Influential Marketing Tips, Monetizing social media, Social Media Do's & Dont's, Social Media Marketing, Social Media Practices, Social media wrong Tactics, Tips on Social Media Marketing
January 9, 2009
Recently I had to speak to one client regarding a digital promotion of a book.
As usual, I was pitching will all kinds of explanations, how digital can help you… what kind of tool we will be using to build awareness across the digital space. After all these conversations, the client says “I want 2 lac copies of my book to be sold” Give me an assurity that you can sell 2 lac copies of my book through digital Communications.
I was pretty much surprised with this reaction from the client.
I even took it positively and asked the client that when he is planning to launch the book, “he said – well roughly in 15 days”. I smiled and I said that Digital Communications needs at least 1 month to do the foundation work. In such as short period there is an expectation of selling 2 lac copies. Well I guess nobody knows about this book and about the Author. So It is going be little difficult but we will surely take it as a challenge. But the client kept on insisting about the sale of 2 lac copies. Now this was one of my conversations with one of my clients, which did not turn out to be my client, as he wants to sell only 2 lac copies of the book and make money out of it.
There is a clear and simple logic towards any marketing activity,
“Awareness Drives Sales” – Every marketer knows that without awareness there cannot be any sale towards any product or any service. Similarly in digital Communications nothing can be sold or nothing be absorbed without giving proper information about it. Consumers who are connected to you online are very curious to know each and everything you communicate, and perceive it accordingly. This is the most difficult phase for any marketer at the same time yet challenging, because consumers will have different thoughts and different approach to anything they absorb, naturally comments, reviews & questions will be asked by them and sometimes it is difficult to answer by any marketer, in such a case one needs to be connected with them from the beginning so that one knows about them and how they interact and what is their thought process accordingly they questions, comments can be answered and justified.
Every single step should be planned so that we don’t miss out any kind of communication with the consumer. Similar to any traditional marketing activity a proper profiling, proper communication needs to be established between the seller and consumer. This is only possible if there is any home work done at the sellers end. One should understand that though the digital communications helps any one to reach their consumers directly, but a consumer would not interact with you directly on what you want to offer. In order to achieve that, one needs to be present in all possible ways and build an awareness program initially. Let people know “who you are”, “What is your passion”, “what is your background”, “what is your objective in reaching the consumers directly”. Let people in the web space know about your thoughts about what you feel and about what you think towards your profession, product, service etc. This way initially you will be known to people and then that identity will help you to interact with your consumers. If one tries to offer a product, service etc directly, then there will be no difference between a seller who sells their products without building relationships with the consumers. In this case he will be able to sell his products only once to the consumers… And this would be a bad business practice.
Lot of people doesn’t think about how awareness can drive sales to their company or product. If one observes carefully, only awareness drives sales and nothing else. In short, no sensible marketer will assure a fixed number of sales to any product. But the awareness program needs to be built strategically so that on every step we communicate right kind of information about a product. and also can maintain a record of what is been communicated, so that in later stages we can even review what is been communicated to avoid misunderstandings. In digital Communications, none can sell or talk about their service, product directly until a strong relationship is been established.
And that’s the beauty of Digital Communications. Infact using Digital Communications means connecting your consumers directly without any mediators between. So that gives the answer to all queries in Digital Marketing
Filed in Digital Communications, Digital Marketing, Influential Marketing, Social Media Marketing, Web Marketing
Tags: advertising, Digital Marketing, Digital PR, Indian PR, Invest in Social Media. Social Media Return, Measuring Social Media, Monetizing social media, Online world. Internet usage, ROI, word of mouth
December 11, 2008
One of my friend Isha Shah, who was studying in Dubai and also a Social Media Enthusiast. Well, l she was discussing with me on how to monitor and measure Social Media. I had contributed some about of knowledge towards her report. I really appreciate her hard work and her determination in gathering information on Measuring Social Media.
She recently she sent me a detailed report on Measuring Social Media. It is interesting and pretty informative. So thought of sharing with the world. Hey ISHA– Keep it up.