Stats on the benefits of social media marketing: How useful?
Yesterday, I saw the following table from eMarketer on Mashable:

It was part of Adam Ostrow’s post “Data: What are the benefits of social media markeing?”. While surveys like this often provide interesting information, they also often create a sense of “great news” where it doesn’t necessarily exist.
The first thing that stands out to me is that, although many in social media talk of its great cost savings, only 51% of marketers describe this as a benefit. Essentially half don’t see it that way. Is that because social media strategists are failing to make their case? Or is it simply not true that there are universal cost savings?
Ernesto Glueksmann of Infamia Global Technologies points out that this stat may actually be detrimental to the cause of social media consultants who are trying to get clients and potential clients to understand how they can save on costs.
Only 21.2% say social media is a great lead generation source. That means that almost 80% don’t feel that way. Why is that? Again, because we’re not making the case? Or is it because companies find it as an ineffective means to get new customers?
Those two attributes are extremely important to companies when it comes to allocating marketing funds during a recession. ROI is the operative word. What benefits us NOW. And how can we do it at a low cost. Underestimate that and you’ll be out of business.
A third concern I have with the chart it that the top four results all have to do with customer insight, but deal last at 17.5% is customer service. Does this mean that companies are failing to take that feedback and turn it into action? Are companies not set up for fulfillment? Or do they not care?
This whole chart shows me that there’s a lot of untapped potential in social media, but it also shows me that that potential is elusive. We can’t rely on our own presumptions and pontifications if our clients and potential clients can relate to what we’re saying.
Alan Edgett, who also added an insightful comment, talks of the difference between “doers” and “experts”. While I’m not necessarily going to denounce “experts” (I don’t consider myself to be one), I think it’s incumbent upon those of us in online marketing to read between the lines of studies and stats to better serve our clients and become actual “doers”.

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