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Increase in Social Media Spend for 2011

Apr 19

Mashable announced today that marketers are considering social media as part of their strategies this year, and 70% want to increase their social media budgets for 2011. And according to a poll by Effie Worldwide and Mashable, they want to increase their social media budget by more than 10%. The main goal is the focus on getting more Facebook “Likes”.

Brands have a website, and that’s like the home for the brand. But then there’s the family room that they use for everyone to get together and hang out. They discuss what they like and dislike, new ideas, and watch things that interest them. That’s like the brand’s Facebook fan page. You can have a conversation with everyone in your room.

Marketers want people to know about the brand, hear about the brand, and like the brand. Facebook provides insight and feedback directly to the brand from consumers, conversation between consumers, and a popularity contest that is more cut-throat than most high-school teenagers.

Versa9 has also been working with brands (personal and corporate) on Twitter. Twitterers want to know how to increase followers, how to get people to talk about their brand, how to get others to retweet them. It is an exciting world, one full of connections, relationship building, and public opinion that can now have greater impact. Why wouldn’t you, as a marketer, allocate a social media budget?

Read the full article entitled “Most Marketers Plan to Increase Social Media Spend This Year” here.

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