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Why do I keep hearing about social media ? April 2009 Bash Foo  Social Media
Social media stories are everywhere
Why ? It’s where the people are !
While the economy is in a vicious circle
Consumers are getting angrier
And they’re afraid to spend money
But social media empowers consumers
And no matter how big your advertising spending, small groups of consumers are hijacking the conversation
In today's social-media-centric world it's imperative that you're transparent, honest and authentic ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
But marketers still try and interrupt us
They need to change brains  Stop thinking about selling and start thinking about engagement and conversation
Marketers should be
Because the way consumers shop is changing forever Fundamental shift from wants to needs
Even private label sales are increasing because “value” has changed
So traditional branding is dying
 
And they are being replaced with the realities of the current marketing environment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What is the average age of  social media users today?
Twitter growth is coming from older  demographics 45-54 year olds are 36 percent more likely than average to visit Twitter, making them the highest indexing age group, followed by 25-34 year olds, who are 30 percent more likely.
As are facebook's demographics 2009 facebook Demographics and Statistics Report: 276% Growth in 35-54 Year Old Users* * From June 2008 thru January 2009
So should you increase   social media spending ?
Myths of Social Media Myth #1: We need a social media program now ,[object Object],[object Object],[object Object]
Myths of Social Media Myth #2: Our agency can implement a  social media program for us ,[object Object],[object Object]
Myths of Social Media Myth #3: If we get a lot of followers on a social media site then our program is a huge success ,[object Object],[object Object],[object Object],[object Object]
Myths of Social Media Myth #4: It’s easy and inexpensive to implement  a social media marketing program ,[object Object],[object Object],[object Object],[object Object]
Myths of Social Media Myth #5: There is no way to measure  ROI of social media ,[object Object],[object Object],[object Object]
Michael McDermott ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
For More Info: Website http://bashfoo.org Twitter http://twitter.com/delta40

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