Despite lack of ROI clarity, brand managers will increase social media spend in 2013
Five hundred digital marketing and media professional were surveyed in September/October 2012 on the current and future attitudes towards paid social media advertising.
The brass tacks:
- 64% of those surveyed planned to increase social media spend in 2013.
- 41% of those surveyed had a dedicated social media budget.
- Funds are being shifted from both online and offline buckets to fund this increased spend.
- Metrics are still an issue: The majority of brand managers still name brand lift and sales generated as key metrics. Advertisers “would prefer to use the exact same metrics used in the offline medium, and additional metrics specific to the online medium,” pointing to the continued disconnect between offline/online ROI measurement.
- This disconnect is impacting the growth of paid advertising budgets, with a desire for cross-platform consistency, clear ROI benchmarks and connections between social media and brand lift/sales generated.
- Creativity seems to be lacking –> rather than experimenting on their end, many brand managers are looking to social media networks and media sellers to provide the necessary tools to measure return on spend.
Travel has seen some great social media successes over the past couple of years. What are your plans for social media spend in 2013?
Vizu’s full report can be downloaded here.
Nick Vivion is a reporter for Tnooz, based in New Orleans, USA.
His passion for travel technology led him to travel around the world shooting travel videos for Current TV and Lonely Planet TV in 2006 and 2007.
He shot on Mini-DV, edited on a white MacBook, uploaded and shared online as he traveled. His moxie for travel video has resulted in over two million views on his YouTube partner channel.
In addition to travel, Nick co-founded of one of the web’s most talked about LGBT media sites, Unicorn Booty, and has gone "blog-to-brick" with a bricks-and-mortar restaurant called Booty's Street Food in New Orleans – serving street food from around the world.