Wednesday, January 07, 2009

Social marketing is not dead

A new Advertising Age article is spreading doom and gloom about marketing expenditures. Obviously, I certainly can relate to the d&g. The article states that:
...more than half of the marketers surveyed said their budgets will be cut in the coming year, and another 44% said they'll cut or freeze hiring.
Again, clearly I get that.

It does identify some "Pockets of Optimism," however. But not listed among those pockets are social networking and media. In fact, they state that:

Buzzword fatigue has also set in more firmly on an aging set of digital terminology, including "Web 2.0" (19% said they were tired of hearing it); "social networking" (12%); "social media" (11%); "blog" (8%) and "viral marketing" (6%).

Now, I look at those numbers and see that social marketing only has a little more than 10% of the respondents claiming weariness. That doesn't sound very high to me for trendy items like these. In fact, they go on to state that:

However, that doesn't mean those digital ideas aren't important anymore, Mr. Anderson said. "In fact, each of those ranked as a bit more important this year," he said.

Given that I have already stated that I'm a fan of these marketing techniques, I have to say I'm pretty encouraged that they're growing in importance, even if only modestly, in this environment.

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