We all know how important social media has become ... all you have to do is watch any commercial to see the first point of contact is now Facebook and not the company's website. Social media has taken the world by storm and the reasons why are well explained in the article below by Will Taylor, head of marketing at Useful Social Media.
"Never before has the term ‘theatre of public opinion’ been so applicable – with the growth of social media, companies are constantly in the spotlight. Twitter, Facebook and other platforms have changed the way that businesses communicate, market their brand messages and engage with their consumers – this is old hat now, we are already (or should be) socially aware!
It’s common to see brands with hundreds of thousands of followers and friends – clearly the chance for interaction has never been greater. Yet in a recent Twitter survey, 53% of corporate accounts did not ‘humanise’ their brand, 68% had less than 1,000 followers, and 15% were completely inactive – hardly an example of social media best practice!
Social media has many powers – to engage, alienate, create mistrust and make us customers for life who will continue to be brand ambassadors for as long as companies value our relationship. A pretty empowering marketing tool then……and therefore it’s rather unsurprising that corporate take-up has been so significant!
79 out of the Fortune 100 are using social media as major channel for their marketing and communications and 88% of surveyed US companies say that their budget will increase for social media in 2011.
But is there more to come from corporate social media adoption? Will 2011 show us new, innovative ways companies can leverage its power to improve their business? Will brands continue to take social media seriously? In my opinion the answer to all of the above questions is an emphatic ‘yes’ – and I would expect you share that view.
It’s a view backed up by a recent survey carried out by the team here at Useful Social Media. Of US companies surveyed in 2011, 100% said that they were placing an increasing importance on social media as a marketing tool. And social media as simply a marketing tool is only the start. The survey results indicate 2011 will be an interesting year! Although we can’t predict the future, we have been able to make some educated guesses on how corporate social media will change and evolve over the next year."
To read more about social media and how it is evolving take a look at the UsefulSocialMedia.com blog which is full of interesting news articles and updates on social media.
Any social media suggestions? Let us know below!