Buffer
  • http://www.virginbloggernotes.com Jean Sarauer

    I’m pretty much of a newcomer, but I know the power of social media and am currently getting up to speed. I don’t think ignoring it is even an option anymore.

  • http://www.ingagenetworks.com/ Courtney Wiley

    Thanks for this list, Jeff. May I also add a SMB case study? My employer (INgage Networks) actually did an internal study on the power and value of social media apps for the enterprise. Our findings? We have realized a cost savings and potential revenue count of $10,000 PER EMPLOYEE by putting SoMe to work for our business. (Here is a link to the case study: http://www.ingagenetworks.com/case-studies), #2 on the list.

    I agree with you 100% that social media’s power is in its reach and ability to influence. Good stuff.

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  • FunCityChief

    Jeff,

    Fantastic article and great case studies! I agree with you completely. I believe we have just begun to scratch the ROI of social media. With a low entry points and the ability to reach millions, I think ultimately this will be the new paradigm of marketing!

    Fred Campos

  • http://briancurrin.wordpress.com Brian Currin

    Excellent article, thanks Jeff … love your insights and thoughts … and your traffic growth graph on compete.com is inspiring!

    Brian

  • http://www.simplesolutionsfordifficultproblems.com/ CAROL JONES

    JEFF,

    Greetings from rural Australia.

    Your case studies about social media are truly interesting.

    I’m a recent user of social media. And understand the power it has to influence a large community of people.

    But as a marketer of products designed by my company, the bottom line for me has to always be sales. That’s how my mortgage gets paid and it’s what supports my lifestyle.

    I expect to have to invest in developing long term relationships first. And is something I welcome and enjoy doing. And which social media excels at. But somewhere down the line, this has to translate into the sound of ‘ker-ching’, ‘ker-ching’.

    The comedy tour selling out within 2 hours is proof of the effectiveness of social media working for them. Especially if this is the only means of promoting the tour.

    But a following of 939,000 people doesn’t happen overnight. How long did it take them to acquire those many followers? And how did they do it? One tweet at a time? About what?

    The impact social media had on the election of Barack Obama is now part of political folklore. And is akin to the cat swallowing the canary.

    But again, how far back did the Obama camp start building up its following? How much expert help did he have in its execution? And how long did it take for the light bulb to go on that this was working?

    The Indiana Primary seems to be the defining event that made him and his team truly comprehend the influence of using social media. And allowed them to start to believe they could both raise the money and garner the public support necessary to win the Democratic nomination.

    Obama reportedly embraced the use of social media since its inception. So he was knowledgeable as to its power of communication and influence.

    In your examples for the car companies, I noticed there’s no reflection of how many units were sold by Ford, GM & Toyota.

    Just awareness.

    Which doesn’t necessarily translate into units sold.

    I have a very heightened awareness of what a Hermes bag is. And a Porsche. But I own neither.

    Dell Outlets started out with 265,000 followers on Twitter. Increased it to over 1.5 million followers. And only increased its sales by 33% with the extra 1.2 million+ followers.

    Increasing the volume of followers/fans doesn’t necessarily equate to an increase in the bottom line.

    It’s more to do with the quality of followers/fans than the quantity.

    And this is where I think people get duped and confused about the importance and impact of social media.

    As well as the finesse required to use it effectively and the huge chunks of time needed to devote to its success.

    It’s like everything else in one’s business life. You not only have to develop the right skills and set aside an adequate amount of time to make it happen.

    You also have to make sure you’re mingling in the right community of people with the right message. People must be receptive to your message and be willing to take action when it comes time to putting money in your till. Otherwise we’re wasting our time. And theirs.

    The beat of ‘ker-ching’, ‘ker-ching’ is still the only tune to march to.

    Thank you, Jeff, for allowing me the space to offer a slightly differing view of the effectiveness of social media.

    Best wishes and take care,

    Carol

    Carol Jones
    Director
    Interface Pty Ltd
    Designers of The Fitz Like A Glove™ Ironing Board Cover
    http://www.SimpleSolutionsForDifficultProblems.com
    http://InterfaceAustralia.com
    Twitter: http://twitter.com/@ClassyRuralGal
    LinkedIn: http://bit.ly/CarolJonesLinkedIn
    Facebook: http://bit.ly/CarolJonesFaceBook

  • http://www.drive-social-media.com John McGrann

    An excellent article Jeff – well done!

    Cheers

    John in Dubai UAE

  • HO

    Good piece – Jeff. There is a need for more B2B case histories.

  • http://thecreaticians.com Hayely Solich

    Hey Jeff

    Love your work. It’s really interesting and does show convincing reasons why Social Media rocks…but all of us social media nerds knew that before Twitter and Facebook came to the limelight.

    I’m curous…where did you get your info from? I don’t see any references, so wondering if you did the research yourself or if you have a source, thanks.

    Kind regards

    Hayley

  • http://www.cliqology.com Scott Hoffman

    Jeff – good stuff – how did you arrive at the social web impressions for the case studies?

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  • http://www.tweetbuddy.net Tweet Buddy

    Great statistics! Well done, I bet it took forever to gather those numbers.

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    To see some examples of successful Viral Marketing campaign visit my site ranaimpune.tk

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  • http://www.webgurkha.com/ Pablo Bermudez

    Amazing data Jeff. I am just starting to follow you and you’re like a Social Media Wikipedia. Trust me, I am reading you slowly and with all my attention. With no doubt one of the most helpful resources on the web. Greetings from Peru!!!

  • http://prweekend.blogspot.com/ PRWeekend

    These case studies are great, evidence for the global impact of social media!

  • Rocío Bravo Alonso

    thanks, always learning with your post :-)

  • http://mkmusiconline.com/ make your own music

    I’m deeply excited about each and every single bit of information you post here

  • http://blog.movingal.com MovinGal

    Great stats! I am still learning the power of social media. It is great to see how these tools can enable businesses and organizations the ability to reach large amounts of people with very small budgets. I look forward to more posts.

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  • URNUTEACHER

    Google has been moving towards a user friendly forum, as have many smaller links. Twitter and Mashable have begun to use Google’s old check list to take care of problems by going to an attached page looking through list for something close to ur problem; then another page closer to ur problem; then frustration and get the hell off of this site that used to be totally sane for non-IT users; now you are back to talking to each other. In the end, all big money makers on IT find social media to be worth very little ($30/yr in NY-FT). Are u kidding. If you only talk to yourselves you must buy the products you are advertising or lose them. You don’t dare to believe a huge mistake was made on the wall where the company was created; socialization was left out. It is worth as much as any other people at the top. Social Engineers bring you the new people to venture through sales that are not well explained in order to buy. Who will tell you that? You need to know which are working and which are not. You are losing not adding to your sites. That means no $$ except using money from year before. Keep it moving, as your new ideas of changing this and that constantly just when the public learns to navigate sites is so frustrating I want to sign off forever; you need exposure; I offered exposure; you don’t have the manners to listen or simply tell me you aren’t interested.

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  • http://www.jonathancrossfield.com Kimota

    Love the examples, but I’m not sure about your last assertion.

    “This blog cost $10 to setup (The cost of the domain name). March traffic 94,000 hits. March unique views 59,000. Time 12 months”

    So often people come unstuck by assuming social media/blog marketing is free or low cost to achieve huge “viral” (shudder) results. But a blog is far, far more than a domain name rego. It’s hours of setup and configuration. It’s a constant commitment of time (daily) to build content and get it out there. All of that time is a resource cost – particularly to a business – even if there isn’t an invoice attached.

    To suggest otherwise is to devalue the massive efforts you and others put into their blogs every day.