There’s no debating it; social media is hot. It’s still growing at a phenomenal rate and the dollar figures associated with it are just as impressive. Forrester Research predicts Interactive marketing spending in the US will more than triple over the next five years, reaching $61 billion by 2012 and spending on social media alone will grow to $6.9 billion as marketers understand how to use and measure this channel. All of this momentum brings to light a universal challenge that executives, marketers and social teams face today—measuring their Social Media ROI. Like all aspects of business, social media needs to be measured and analyzed so that you can evaluate it in relation to other programs and improve on it over time.
Before launching a social media program, it’s essential to clarify success metrics and goals. While much of ROI focus is on the goal of making direct conversions, it is important to emphasize that social media is primarily about building new relationships, generating word of mouth marketing, and strengthening brand loyalty with your customers. Read more…
Billy Crystal – 9th Time’s a Charm, or Not!
Posted by Ellen Enrico on February 27, 2012After a hiatus as Oscar host, Billy Crystal was back last night for his ninth time hosting the 84th Annual Academy Awards. But how did people around the country, and even around the world, feel about his performance? Read more…