A Forrester Study, The Growth Of Social Technology Adoption, reports that three in four US online adults now use social tools to connect with each other, up from 56% in 2007.
Social Media is the fastest growing internet technology, but how can you leverage it to meet your business objectives?
Let’s talk about budgets.
It took a while.
Even though tens of millions of users were flocking to social media sites every day, most marketers stayed away. They either didn’t understand how to join the conversations—without sounding like shills—or they were frightened away by the prospect of associating their brands with questionable content.
MyAdSpace?
These days, wherever and whenever marketers gather, social networking is a hot topic.
Pharma spent nearly $1.2 billion to market online in 2008, a figure that is expected to reach $2.2 billion by 2011. Yet there still appears to be much reluctance about social media because of regulatory considerations. Here are six steps that can help balance risks and the wrath of regulatory.
Two years ago, in Forrester’s brand monitoring Wave, we evaluated vendors that help marketers monitor mainstream and consumer-generated media in order to identify key trends in the market. But social forces have gathered plenty of momentum since that evaluation. Today, consumers actively participate in the dialogue around the brand — witness the power of the consumer in shifting marketing strategies of brands like Dell, Motrin, and Wal-Mart. To add insult to injury, advertising distrust grows as consumers turn to their peers for product and brand recommendations.
