Survey Reveals Disconnect in Social Media Marketing Programs
The findings included the following:
A clear disconnect between the desirability of social marketing and the budget allocated to it:
-- 78% of respondents see social media marketing as a way to gain
competitive edge, but only 7.75% of total online marketing spend is
devoted to it.
-- This compares with an average of 33% of spend going to online
advertising and 28% to online promotion design and implementation
However, progress is being made in the field:
-- 58% of respondents have implemented user generated content or reviews
in the past year
-- 31% of respondents have implemented a blog in the past year
-- 25% of respondents have implemented an RSS feed in the past year