Facebook Drives US Social Network Ad Spending Past $3 Billion in 2011!

Social network advertising to account for 10.8% of online market

US marketers will spend $3.08 billion to advertise on social networking sites this year, eMarketer predicts. Spending will be up 55% over the $1.99 billion advertisers devoted to social networks in 2010 and will rise by a further 27.7% next year to reach nearly $4 billion.

This year’s dramatic growth in spending will bring social media ad dollars to 10.8% of the total spent online in the US. Worldwide, where social network ad spending will rise 71.6% to $5.97 billion, that proportion will be somewhat lower, at 8.7%.

The 2011 forecast for US spending is $1 billion higher than eMarketer’s last estimate of US social network ad spending, made in August 2010. The primary driver of the change in projected spending is greater ad spending on Facebook, by far the biggest player in the space.

Facebook Drives US Social Network Ad Spending Past $3 Billion in 2011

Emineo Media

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Start with “Why”

If you haven’t figured it out by now, reaching your target audiences can be simply complex. What’s meant there is the old shot gun method is still easy. Getting responses is still difficult. At least until you consider how the social audience interacts. Engagement is the key to success. Being engaging however is the challenge. What can you say or write to invoke a conversation? Rather than asking a barrage of questions to start a dialogue, start by answering one simply question. “Why?” Starting with “Why” blows away the outer shell and pierces through to the inner belief. It encourages, inspires and instills integrity.

What are the core values of your company? Do you share and demonstrate them to your current and potential customers – or only to your staff at all employee meetings? Better yet – do you promote them in your marketing? And is that message engaging?

If you aren’t, perhaps 2011 is the time for you to consider changing your strategies?

How are you engaging your prospects and customers?

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Email, Social Media to See More Marketing Dollars in 2011!

Email marketers have been warming up to social media for the past year, using social elements like “share with your network” and buttons to connect with brands on Twitter and Facebook in email campaigns. Email and social media also go together in another way: They are the top tactics marketers worldwide expect to increase budgets on in 2011. 

According to a November 2010 survey of business executives around the globe by StrongMail, nearly two-thirds of companies will increase spending on email marketing, and 57% will put more dollars toward social media marketing. Search took a distant third place with 41% of respondents indicating they would spend more.

Email, Social Media to See More Marketing Dollars in 2011

Emineo Media

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