A recent report by Borrell Associates shows that small business spending for social media marketing is growing. But you don’t need a fancy study to tell you that. The interesting part of this article is that more small businesses feel that social media is a more important marketing channel than paid ads. Some experts have put these two findings together to predict that small businesses are going to be willing to spend more on social media marketing than paid search in 2012.
Why Spend More?
As some comments in the article suggest, the findings do not break down what “spend” really means. Does this consist of training, set up, consulting and other fees? And what do you plan to do with these assets after your accounts are created? As social networks become more popular, it’s also important for small business owners to have a good idea of the ROI on their investment for social media. Putting money into a marketing strategy without proper research or followup doesn’t guarantee success. In fact, investing the same amount into a paid search campaign may be even more productive for your business. There is no “right” answer and you can even choose a mix of both.
Choose an Effective Strategy
A growing demand and interest in social media can be overwhelming as you try and decide what is best for your small business. The answer isn’t easy, which is why an experienced marketing firm can help you evaluate all your options with a budget and resources that will fit your need. There is no set guideline for an effective social media plan, which is why experience and industry insight can give you a better idea of what to expect in your specific case. Contact us for a free consultation on how a social media campaign can help your business today.