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Social Media For Business: 31 Stats and Anecdotes
 

Social Media For Business: 31 Stats and Anecdotes

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31 stats and anecdotes to help make the case for Social Media investment in your organization. Highlights from numerous 3rd Party reports and studies that show the rapid adoption of Social Media ...

31 stats and anecdotes to help make the case for Social Media investment in your organization. Highlights from numerous 3rd Party reports and studies that show the rapid adoption of Social Media Marketing for businesses. Includes a compilation of spending projections, penetration estimates, survey data, and specific examples cover all types of businesses.
Because 20 Decibels currently focuses on Twitter, these may have a slight bend to Twitter for Business, but cover the general trends in Social Media as well. For links to sources, visit our blog: http://blog.20dbs.com

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    Social Media For Business: 31 Stats and Anecdotes Social Media For Business: 31 Stats and Anecdotes Presentation Transcript

    • Social Media for Business: 31 Stats & Anecdotes
      January 15, 2010
    • Social Media spending is expected to increase from $716M in 2008 to $3.1B in 2014, a 34% CAGR.
      2
    • That 34% CAGR means Social Media spending is growing faster than any other interactive marketing category
      3
    • 86% of Marketers plan to increase Social Media budgets in 2010 and 13% are planning to keep the same level of budget
      4
    • Pepsi dropped TV advertising for the 2010 Super Bowl. Instead, they're investing in a $20M Social Media campaign. (After 23 years of Super Bowl ads!)
      5
    • Best Buy has over 2,500 employees helping customers on Twitter as part of the Twelpforce initiative
      6
    • In fact, Best Buy even purchased TV ads to drive awareness for their Twitter initiative.
      (Traditional media as the supporting channel and Social Media as the core channel?!)
      7
    • Comcast has at least 11 full-time employees dedicated to customer service via Social Media.
      8
    • Dell has attributed over $6.5M in revenue directly to Twitter
      9
      +
      =
    • 99% of online retailers plan to have a Facebook page by 2011 and 91% plan to have a Twitter page
      10
    • Social Media played a major role in 2009 Holiday Shopping – 28% of US shoppers say Social Media influenced their purchases
      11
    • JetBlue website visitors who also visited Twitter in July 2009 were 35% more likely to complete a booking than visitors who did not visit Twitter
      12
    • In 2009, 91% of Inc. 500 companies report using at least one Social Media channel, compared with 77% of companies surveyed in 2008
      13
    • In 2009, 52% of the Inc. 500 companies used Twitter, the 2nd most common channel. It wasn't even present in 2007.
      14
    • 53% of the Fortune 500 have at least one active Twitter account
      15
    • 57% of the Fortune 100 have at least one active Twitter account
      16
    • And they’re starting to expand... 13% of the Fortune 100 have at least 2 active Twitter accounts
      17
    • 83% of CMOs are tracking their number of fans in Social Media
      18
    • 72% of CMOs plan to attach revenue expectations to their Social Media spending in 2010
      19
    • 81% of CMOs plan to link up to 10% of their company’s revenues to Social Media investment next year, up from just 44% in 2009
      20
    • 88% of execs at US non-profit organizations are currently experimenting with Social Media
      21
    • Small Businesses are catching on too... 68% will increase their Social Media marketing efforts in the next year
      22
    • 56% of Twitter users say they use the micro-blogging & communication service for business purposes
      23
    • Social Media usage is taking hold at both B2B and B2C business... 81% of B2B and 57% of B2C businesses maintain company-related profiles on social networks
      24
    • Over 40% of people have "friended" a brand on Facebook or MySpace
      25
    • 20% of tweets are about products such as invitations for product information, answers or responses from peers or directly by brand representatives
      26
    • 46% of Facebook users say they would talk about or recommend a product on Facebook.
      27
    • 44% of Twitter users have recommended a product.
      28
    • 58% of people said if they had tweeted about a bad experience, they would like the company to respond to their comment
      29
    • Foursquare's estimated valuation is $6 Million
      30
    • Twitter's estimated valuation is $1 Billion
      31
    • Facebook's estimated valuation is $10 Billion
      32
    • About 20 Decibels
      We’re developing the Twitter campaign management solution that Social Media Managers & Agencies have been asking for. 20 Decibels makes it easy to manage Twitter campaigns and collect actionable performance data.
       Join our free private beta at: http://www.20dbs.com
      Tweets: @20dbs
      Contact: Adam Schoenfeld
      Email: bizdev@cheddrmedia.com
      33
    • Sources:
      Visit this blog entry for links to all sources: http://blog.20dbs.com/Social-Media-for-Business-31-Stats-Anecdotes/2010/01
      34