Time Spent on Social Networks Has Tripled – Social Media Marketing is not a fad, period.
Posted by kuanyew in Digital Marketing, FeaturedThe Nielsen Company has recently released a study on the usage of social media among Americans. Guess what, the usage has tripled! Interestingly, here’s a chart on the amount of advertising/marketing dollars spent. As you can see, when advertisers are cutting overall marketing budgets, spend on social media marketing has increased for all industries.
While there’s a lot of hype surrounding social media marketing as the new rules of marketing, including written books on social media marketing such as the one written by Tamar Weinberg, there are also skeptics with different views calling social media marketing as the biggest fad.
I believe social media marketing is indeed the next big thing (if it isn’t already) and it’s here to stay for a long time. What might potentially kill social media marketing are those who treat it as a one-way advertising channel, instead of a channel to build relationship, engagement and most importantly, conversations.
What say you?
If you’re interested in learning more about social media marketing, here’s a great book for you to read.
Cheers!
Tags: consumer behaviour, Digital Entrepreneurship, evolution of internet, interesting facts, Internet Trends, Social Media Marketing, useful information for digital entrepreneurs, web 2.0, web strategy
