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Social Networking Generates Leads, Closes Sales for Marketers
by Jack Loechner, Wednesday, April 22, 2009 8:15 AM
According to a social media study by Michael Stelzner for the Social Media Success Summit 2009, 88% of marketers in a recent survey say they are now using some form of social media to market their
business, though 72% of those using it say they have only been at it a few months or less.
Marketer's Use of Social Media ToolsSocial Media%
Respondents Using Twitter 86%
Blogs 79 Linkedin 78
Facebook 77 YouTube or other video 41 Social bookmark sites 38
Forums 38 StumbleUpon 28
Digg, Reddit or similar 26 FriendFeed
18 Source: Social Media Marketing Industry Report, March 2009 Key
survey findings about specific application show that:
- Small-business owners are more likely to use LinkedIn than employees working for a corporation
- Men are
significantly more likely to use YouTube or other video marketing than women (52.4% of all men compared with 31.7% of women)
- For those just getting under way with social media
marketing, LinkedIn is ranked as their number-two choice, pushing blogging down one notch
- Among those who have been using social media for a few months, Facebook is in second
place. This group also has more Twitter use
- Twitter is used by 94% of marketers who have been using social media for years, followed closely by blogs. This group also endorses online
video significantly more than the other groups
72% of marketers say they have either just started or have been using social media for only a few months.
Duration of Social Media Use by Marketers (% of Respondents)
Duration% of Respondents Just getting
started 28% A few months 44
A few years 23 No experience, plan to use 4 No experience, don't plan to use 1
Source: Social Media Marketing Industry Report, March 2009 The largest group just getting under way with social
media marketing is sole proprietors, with 30.2% reporting just getting started, the survey found. Owners of businesses with 2-100 employees were the most experienced, with 29.3% reporting doing social
media marketing for years. 64% of marketers are using social media for five hours or more each week, with 39% using it 10 or more hours weekly and 9.6% spending more than 20 hours each week
with social media.
- Those working for a company are twice as likely as business owners to be committing 20+ hours a week to social media
- 44.8% of those ages 30-39
old spendi 10+ hours weekly using social media marketing
- 40.3% of 20-to-29 year-olds spend 10+ hours weekly
- 38.7% of 50-to-59 year-olds spend 10+ hours
weekly
According to the survey, 81% of all marketers indicate that their social media efforts have generated exposure for their businesses. At least two in three participants found that
increased traffic occurred with as little as 6 hours a week invested in social media marketing. Owners of small businesses with 2 - 100 employees are more likely than others to report benefits.
Half of participants reported that a major benefit of social media marketing is the resultant rise in search engine rankings that often comes with increased efforts. Improved search engine rankings
were most prevalent among those who've been using social media for years, with nearly 80% reporting a rise.
Benefits of Social Media Marketing (% of Respondents, multiple response OK)
Benefit% Responding Generated exposure 81%
Increased traffic, subscribers, list 61 New business
partners 56 Increased position in search rankings 52 Generated qualified leads 48
Reduced overall marketing expenses 45 Helped close sales 35
Source: Social Media Marketing Industry Report, March 2009 When
marketers were asked which social media tools they most want to learn more about, social bookmarking sites slightly edged out Twitter as the number one response, with a four-way tie for third place
between LinkedIn, StumbleUpon, Facebook and Digg/Reddit/Mixx. Please visit this site for the
complete Whitepaper of
the study, "How Marketers are Using Social Media to Grow their Businesses,"