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How Social Media is Perceived at Budget Time


A financial commitment to overcome challenges and achieve social marketing success:
Depending on the size and type of your organization, this may simply require a thumbs‐up from your boss or demand a full scale lobbying campaign to win over skeptics and gain the support of an executive committee. But winning financial support for social marketing is no different than winning support for any other business initiative – you have to prove its value to the organization.

How Social Media is Perceived at Budget Time - Chart

Considering that social marketing is at a very early stage in its life cycle, a 7% confidence rating indicating it is producing measurable ROI and should be funded liberally is outstanding.

Conservative budget increases by half of all organizations and budget time, based on the promise that social media will eventually produce ROI, demonstrate another vote of confidence in the tactic for the longer term.

The 17% of organizations who still believe social media marketing is basically free, and should stay that way, are destined to get what they pay for.

Source: Marketing Sherpa

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