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I wrote a post back in February that highlighted social media marketing problems.
Now, eMarketer have just published an interesting article (UK Advertisers Shy From Social Networks) that takes data from a recent study conducted by SPA Research and Synovate.
The article refers to a number of major UK companies that have tried the social networks only to move away. No great surprises there as clearly this platform is not going to be appropriate for all-comers.
As with anything new online, there’s going to be a lot of hype surrounding the ‘next big thing’. When it comes to marketing, the same ‘old’ rules apply: Understand your market, your goals and test.
Social media offers a great opportunity to develop your online presence; however there are still a number of question marks surrounding its ability to convert conversations into meaningful business. Companies that have the resources to expand online operations and really put their full weight behind social networking are still likely to see the greatest benefits.
Over time, as more businesses adopt a targeted strategy and the social networking sites develop, it could become a far more profitable market for advertisers to use. However, current trends tend to suggest that this might not be the time to start experimenting with social media marketing.
In today’s multichannel world, there are mountains of data which provide insights into how users have interacted with your business and their path to conversion (or non-conversion). It is important to understand performance with multichannel marketing, which can be achieved through attribution modelling. Attribution refers to assigning credit to something (a channel, touchpoint, etc.) for the role it played in the final conversion. An attribution model is a rule, or set of rules, that assigns this credit correctly to the right channel or touchpoint.
For a long time, Bing, the UK’s second-largest search engine, has been underappreciated and, in some instances, even ignored. Often regarded as the inferior search engine to market leader Google, Bing has historically struggled to appeal to many in the digital world. Most PPC analysts would give justified reasons for neglecting Bing for so long; these include the volume of traffic and the user experience just not matching up to Google. However, the validity of these assessments is now diminishing. Bing has grown and improved rapidly in the last couple of years; if you are not integrating it into your comprehensive digital marketing plan, you run the risk of missing out on a large portion of your chosen market and significant revenue.