Social media has become a part of our lives whether we like it or not, and don’t expect that to change in the next year. In fact, if marketing trends are to be believed, 2014 could be the biggest year yet for social media marketing. Erik Sass reports a new study found that seven out of ten marketers expect to increase their spending on social media in the next year. The survey of 328 marketing professionals was conducted by Decipher on behalf of the Word of Mouth Marketing Association and the American Marketing Association.
While 70 percent said they plan to increase their spending on social media marketing, only 53 percent expect to do the same for their email marketing, and print, product sampling, and TV advertising were all in much worse shape with less than 20 percent planning to increase their ad spending for each category.
But, just because social media marketing is growing doesn’t mean all is well. The same survey found that 79 percent of marketing professionals struggled with measuring online social media and demonstrating return on investment. It seems that we know social media is an important part for establishing your brand online, but many are still having trouble actually measuring how effective it is.