Effective Social Media Marketing?
Wednesday, January 6, 2010 at 4:17PM Happy New Year! So how did you do with your social plans for 2010?
No, I don’t mean the New Year’s Day party or your next ski outing, I mean your social media marketing plans for the New Year. Have you started yet?
Okay, so November and December were crazy busy and you took some time off to rejuvenate, but you’re back at it now, right? Your social media marketing plan, remember? I know, it’s a long-term strategy, but that’s why you need to get on it NOW. It takes time to build an effective social media marketing strategy.
Yes, I said EFFECTIVE SOCIAL MEDIA MARKETING STRATEGY. Have you thought strategically about the objectives you need to accomplish? It’s really not about what you’re having for lunch, where you are at the moment, or for venting about your political views. Last year it was the “in” thing to do. The brave jumped in, but most did it because it was “free” and “cool” or they thought it would look good for their Web site. But, at least they jumped in, and we’ve been encouraging you to do just that. Just take the plunge! You need to get comfortable with it somehow.
But, expert social media marketers call this the Trial Phase or Phase I of the Social Marketing Maturity Model. Have you heard of this? There’s actually now a “practical method for mapping an EFFECTIVE SOCIAL MARKETING STRATEGY. “ It’s called the “Social Marketing ROAD Map and Social Marketing Maturity Model.” The MarketingSherpa 2010 Social Media Marketing Benchmark Report defines the term “ROAD” Map as an acronym for these four elements:
- Research – monitoring target audience dialogue about brands and competition.
- Objectives – defining objectives aligned with target audiences and social metrics.
- Actions – creating a social marketing strategy with a definitive plan of action.
- Devices – deploying social platforms based on audience, objectives and strategy.
The benchmark study analyzed these elements to determine where organizations currently are in the Social Marketing Maturity Lifecycle, relating to these three phases and marketing maturity benchmarks:
- Phase I: Trial – No Process; Platform Centric
- Phase II: Transition – Informal Process, Randomly Performed
- Phase III: Strategic – Formal Process, Routinely Performed
When averaging all the elements from the respondents, the report reflects
- Transition Phase – 40%
- Trial Phase – 1/3
- Strategic Phase – 23%
This supports our theory that social media marketing is a growing trend and that businesses are starting to view it as a viable component in their marketing mix. Yes, it can be FREE IF YOU DO IT YOURSELF, but FREE may not equate with EFFECTIVE and “competent practitioner.”
The MarketingSherpa 2010 Benchmark Report reflects that we will see significant increases in social media marketing budgets this year, regardless of what industry your organization is in. It further indicates that 60% of social marketing expenditures next year will be spent on salaries for blogging, content development, and social monitoring; and that another 20% will be spent on agencies, consulting firms and other social marketing service providers.
So, if you haven’t yet, get serious about creating an EFFECTIVE SOCIAL MEDIA MARKETING STRATEGY for your business in 2010.
Download the MarketingSherpa 2010 Report or call 877-895-1717
Which phase of the social media marketing life cycle are you and your company in? Are you budgeting for social media marketing in 2010? We’d like to hear from our own reader audience how many of you are embracing social media marketing for 2010. Share your thoughts with us here.
EasyChair Media is a full-service marketing firm and custom publisher, specializing in Social Media Marketing. If you need help developing an effective social media marketing program for your organization, or any component of your social media plan, give us a call or email me here.
800-741-6308 or 970-686-5805
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