Public Relations & Social Marketing Insight
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Public Relations & Social Marketing Insight
Social marketing, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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5 Social Media Metrics to Convince Your CFO to Double Your Budget | SocialBro

5 Social Media Metrics to Convince Your CFO to Double Your Budget | SocialBro | Public Relations & Social Marketing Insight | Scoop.it

Analytical tools can get you the feel good numbers, but they’re also about more than that. They’re about incisive, actionable data that gives reliable feedback on your current campaigns and practical insights to inform your next one. Marketers who think they’ll only get ‘soft’ metrics out of the data either haven’t been using powerful enough analytics tools, or they haven’t been using them properly. Social media isn’t a baby anymore, it has grown into a vital channel with powerful analytics available that can help you find the money amongst the noise.


Intelligent use of social analytical tools means that there is absolutely nowhere for substandard marketing campaigns to hide. Spending on social analytics is expected to grow from $620 million in 2014 to $2.73 billion by 2019.


With a few clicks you can get all the lowdown on how your campaign is performing online, what’s making you the most money, and how to change it if necessary. The best marketers will use this information to streak ahead of their competition with campaigns that are on trend, responsive, and deftly efficient at delivering results that their CFOs cannot ignore. Here’s how you can join them....

Jeff Domansky's insight:

Your CFO isn't interested in likes and follows. They need hard financial figures. Here are the social media metrics that will help you speak their language.

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10 Reasons Marketers Need to Polish Their Social Media Skills | Business 2 CommunityWSX

10 Reasons Marketers Need to Polish Their Social Media Skills | Business 2 CommunityWSX | Public Relations & Social Marketing Insight | Scoop.it

Stats indicate that while marketers know why they need to be active on social media, they don’t necessarily know how. Only 37 per cent think their Facebook efforts are effective – that’s barely more than one in three! Most are still unsure of social media best practice or how to develop effective strategies – creating a social strategy is still a major concern for 83 per cent of marketers.


Even more shockingly, only about one in four agreed they were even able to measure their social activities.It seems marketers are being social. They’re just not very good at it.We’re still destined for social success.There are, however, some positive indicators. Marketers have indicated at least 10 benefits of social media marketing – and the results aren’t half bad....

Jeff Domansky's insight:

When it comes to social marketing and measurement, most marketers aren't measuring up.

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Social media provides a 3:1 return on investment, claims IAB study | Marketing Magazine

Social media provides a 3:1 return on investment, claims IAB study | Marketing Magazine | Public Relations & Social Marketing Insight | Scoop.it

For every £1 spent in social media, a potential value of £3.34 can be generated, according to a study by the Internet Advertising Bureau (IAB) into FMCG brands including Heinz, Kettle and Twinings.


Research found four out of five consumers would be more inclined to buy a brand more often in the future after being exposed to its social media presence, while 83% of consumers exposed to social media said they would trial a brand’s product.


The study of the social media activity of Heinz, Kettle and Twinings over an eight-week period found there was a 22%, 17% and 19% uplift in sentiment respectively when a consumer was exposed to the brands’ social media presence....

Jeff Domansky's insight:

More research (UK) that validates the impact of social media on marketing and branding.

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