How Social Media Influences
Consumer Behavior
Michael Lazerow, CEO & Founder, Buddy Media
Linda Abraham, CMO & Co-Founder, comScore
1
Nearly in 5 minutes online
is spent on social networks.
2008 2009 2010 2011
35
Social Networking
30 Search/Navigation
Retail
25
Communications (Email/IM)
Other Content
Time Spent on Key Categories Online
Worldwide Hours per Month (Billions)
Source: comScore Media Metrix, March 2007 - October 2011
#3 Facebook’s worldwide site rank
55% Facebook’s global penetration
3 in 4 minutes on social networking sites
are spent on Facebook
1 in 7 minutes spent online
are spent on Facebook
Source: comScore Media Metrix, October 2011
Brands control the three basic levers that will
determine social media marketing success.
Many brands don’t consider
these intermediary steps
Brand Fans “Talk News Feed Goal: Max
Get Fans Messages About” Content
(Who are Reach Fans News Feed Spreads to Reach, R
they?) OI
in News Feed Content Friends
1. Cut-Through 2. Engagement 3. Amplification
Mike:In this example, Propel uses its "Enhance your holiday" tab to crowd-source holiday photos, offering to give a $1,000 gift card to one person who submitted a photo
Mike: Lexus used its holiday promotion to both raise money for a charity and promote its "December to Remember" sales event, both on the same Facebook tab
Mike:Walmart delivered a personalized shopping experience.
Mike:Here's an example of Best Buy, which promoted its Black Friday savings on Facebook and on its website, giving great deals on the day after Thanksgiving