Chart of the Week: Social Media Budget Time Questions
Which statement best describes how social media marketing is perceived within your organization at budget time?
- Considering that social media is at a very early stage in its lifecycle, a 7% confidence rating that it is producing measureable ROI and should be funded liberally is outstanding.
- Conservative budget increases by almost half of all marketers surveyed -- based on the promise that social media will eventually produce ROI -- is another vote of confidence for this marketing channel in the longer term.
- The 17% of organizations who still believe social media marketing is basically free and should stay that way, are destined to get what they pay for.
Not surprisingly, those who have reached the strategic phase of social marketing maturity are far more likely to be producing measurable ROI or at least seeing signs of a return on their investment on the horizon.
On the other hand, marketers in the trial phase of social marketing maturity are more than four times as likely to not recognize the value this tactic has for organizations willing to invest appropriate time and resources.
For additional research data and insights about social marketing, register today for tomorrow's webinar. Based on the findings from MarketingSherpa's 2010 Social Media Marketing Benchmark Report, the webinar will feature a Case Study on HubSpot's Social Marketing Strategy.
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