Funny Video About Social Media

Social Media Addicts Association Meeting

I never thought people are addicted to Social Media before. Now I believe so. :O

Does Anyone Trust the Media?

Globally, the most trusted information source was friends, with 42% of those surveyed saying that they trusted word-of-mouth recommendations. About an equal number trusted TV news (41%), online news (40%) and newspapers (39%).

Naturally, there were variations in media trust from country to country, but several patterns emerged.

Internet users in the US and Canada held similar attitudes toward the media, with the largest differences in the US’s comparative lack of trust in newspapers and TV news.

Surprisingly to me that, Wikipedia, despite being among the most highly visited Websites worldwide, was less trusted among the countries surveyed than industry magazines, industry Websites and product comparison sites.

What Social Media Marketing Is

Social media marketing consists of campaigns of multiple online marketing methods. Sometimes it is called web 3.0 marketing technology, which is more about a personal dialogue with offers that are so relevant that users feel special. Web 3.0 is about using all the Web 2.0 data, messages, chatter etc. to make business run smarter (=more personal and relevant). Companies that will achieve this will get to a deeper level of communication with their relations, a domain where you’re found before you’re searched for.

To achieve this another model needs to be created, one that is aimed at long durable social relationships instead of one that is focused on conversion. However conversion or sale will happen simply because people like to do business with people they know, like and trust.

But you have to understand what social media can and can’t do.

Social media can engage your audience, encourage online conversations that are user-generated, increase your web presence, expand brand awareness, generate publicity (both good & bad) and provide SEO benefits.

For most marketers, social media has no ROI  but is great for:

• Brand building
• Relationship management
• Product development
• Reputation management
• Customer interaction
• Customer feedback
• Customer support
• Community building

In some cases, social media can convert – usually if you own the community, and have the power to strategically capture leads.

Have You Put Up Facebook Widget on Your Blog?

Based on analysis of use of a content-sharing widget, more people use Facebook to share links than any other service, including e-mail.

According to AddToAny, creators of content-sharing and Web publishing tools, including a popular social media widget, Facebook accounts for 24% of uses of the widget to share links to articles, videos and other content, trumping e-mail at 11.1%.

As of July 2009, Top 5 social media widgets (% share):

1. Facebook 24%
2. Email 11.1%
3. Twitter 10.8%
4. Yahoo Bookmark 5.5%
5. Myspace 5%

In a recent survey, large majorities rated social media marketing effective at influencing brand reputation, increasing awareness and improving search rankings and site traffic. Social media was considered less effective, but still good, for internal communications and driving online sales.

Marketers thought the best specific tactics were user reviews, relationships with bloggers and discussion groups through social media marketing.

What is social media marketing?

Online Advertising Spending On Social Network Grow 9%

Although US social network spending will slide 3% this year, non-US social network advertising spending is forecast to grow 27% in 2009. That is 9% growth in worldwide spending in 2009, to $2.2 billion.

Strong social networks outside the US include mixi in Japan, Cyworld in South Korea, VKontakte in Russia and QQ in China.

Worldwide ad spending on MySpace is expected to fall 14% in 2009, to $520 million. Facebook spending is projected to rise 20% worldwide, to $300 million.

Nobody could neglect the power of social networking. Big companies are investing millions of dollars on ads spending on those social networking sites.

If you have a tight budget on advertising, why not have a FREE advertising marketing plan ready. Do you know you can advertise your business throughout those hot social networking sites: twitter, FaceBook, LinkedIn, etc. for free!

You can set up free accounts in those social networking sites, build your business profile online and connect with your potential customers.  Because people like to do business with people. Especially for small or medium business, you are the business.

Of course there are ways and skills to better network with your potential customers. If you have time, there are lots of courses to learn about i.e. how to build millions of followers in a few week. Or you could hire online marketer to do them for you.