Archive for March, 2010

Top Social Media Monitoring & Measurement Posts of the Week

Friday, March 26th, 2010
Posted by: Hannah Del Porto

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Photo: http://www.flickr.com/photos/wwworks/ / CC BY 2.0

Top Social Media Monitoring & Measurement Posts of the Week

Friday, March 19th, 2010
Posted by: Hannah Del Porto

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Photo by: http://www.flickr.com/photos/jexton80/ / CC BY-ND 2.0

Newsflash: Social Media Among Top Marketing Trends

Friday, March 19th, 2010
Posted by: Hannah Del Porto

To the surprise of absolutely no one, social media made a fine showing in The Marketing Executives Networking Group (MENG) and Anderson Analytics’  Third Annual Survey of Top Marketing Trends.

The survey polled MENG’s nearly 2000 senior marketing members on the marketing concepts, buzz words and social media strategy.

Top Findings:

- A Rising Tide: 66% of marketers are more optimistic about business opportunity in 2010.

- Burning Down the House: Social media remains hot with 70% of marketers planning new social media initiatives in 2010.

- Ready for their Closeup: “Mobile Marketing” and “Social Media” officially made the top-10 concept list for the first time.

- Close to the Vest: Marketing executives are more likely to employ internal employees for their social media initiatives than outside firms.

Too much of a good thing

While marketers increasingly acknowledge the opportunities afforded by social media, the incessant chatter surrounding it can sometimes be overwhelming. “Social media”, “Twitter” and “social networking” ranked as the buzz words that marketers are most tired of hearing. I wouldn’t mind adding “zeitgeist” and “meme” to that list.

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Top Social Media Monitoring & Measurement Posts of the Week

Friday, March 12th, 2010
Posted by: Hannah Del Porto

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Photo: http://www.flickr.com/photos/lightmatter/ / CC BY 2.0

The New Rules of Relationship Management

Friday, March 12th, 2010
Posted by: Hannah Del Porto

Altimeter’s new study shares 18 social CRM use cases. Among the report’s insights:

  • For companies, real time is not fast enough. Companies need to be able to anticipate what customers are going to say and do, in order to keep up. Although Motrin responded to angry mom’s within 24 hours –it was too slow.
  • Companies are unable to scale to meet the needs of social. No matter how many community managers Dell and Comcast Cares hires to support, they’ll never be able to match the number of active customers. They need tools, and they need them now.
  • Customers don’t care what department you’re in they just want their problem fixed. Dooce’s support problem with Maytag quickly became a PR nightmare –had the support group known she was an influencer (and what it means), they could have serviced her better.

Top Social Media Monitoring & Measurement Posts of the Week

Friday, March 5th, 2010
Posted by: Hannah Del Porto

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Photo by: http://www.flickr.com/photos/faceeater/ / CC BY-ND 2.0

Social Marketing Budgets to Triple in 5 Years

Friday, March 5th, 2010
Posted by: Hannah Del Porto

A follow-up study from Duke University’s Fuqua School of Business and the American Marketing Association (AMA) shows that current and projected social media marketing budgets have increased in the past six months.

Marketers expect to allocate nearly one-fifth of their total marketing budgets to social media in the next five years. The projection shows a five percent increase from just six months ago. These numbers  may continue in their climb as marketers become more aware of the opportunities afforded by social media and as they gain more experience in running successful campaigns.