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The pros and cons of Social Media
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What is social media?
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simply, online social interaction.
So... is social media a fad?
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Or is it the most important shift in marketing ever?
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Social media is the #1 activity on the Web..
(It overtook porn in 2008)
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Time to gain 50 million users
38 years
13 years
5 years
5 months
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80%of UK internet users visit social networking websites.
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18.2 Million visitors/month
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Steven Fry has more followers than readers of
...combined!
&
Thought leaders
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80%of updates are made from mobile devices.
What does that mean to business?
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19%of updates mention a product or brand.
4/5 of these are Q&A, the others express a sentiment
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25%of search results for world’s top20 brands are links to user generated content.
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34%of bloggers post opinions on products and brands.
There are 200,000,000 blogs.
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78% of consumers trust peer recommendations.
14% trust adverts.
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Social mediamay not be vital for your business,
But it cannot be ignored.
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Pros• Personal• Brand awareness & loyalty• Free feedback• Engage customers• Great ROI
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• Personal• Resources• Brand exposed• New approach
Cons
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So how should social media be approached?
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Top tips 1. Listen 2. Understand 3. Interact / Respond 4. Be honest 5. Commit
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Results: $6,500,000 in sales (2 years)
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Results: 6600 followers, TV, Full Bookings
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Results: 10,000’s profile visits, web exposure
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Results: Successful re-launch, 790k fans
www.further.co.uk