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	<title>Trevor Turnbull &#187; social media trends</title>
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	<description>Sports Business Consultant &#124; Linkedin Training &#124; Speaker</description>
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		<title>Social Media Marketing Budgets on the Rise</title>
		<link>http://www.trevorturnbull.com/social-media-marketing-budgets-on-the-rise/</link>
		<comments>http://www.trevorturnbull.com/social-media-marketing-budgets-on-the-rise/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 04:17:15 +0000</pubDate>
		<dc:creator>tturnbull</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Social Media - General]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[social media marketing]]></category>
		<category><![CDATA[social media trends]]></category>

		<guid isPermaLink="false">http://www.trevorturnbull.com/?p=93</guid>
		<description><![CDATA[Recently, we looked at media usage trends, which showed the rising numbers of media consumers that are using social networking sites, reading blogs, and viewing Internet video, among other forms of digital content. Not surprisingly, as these new forms of media consumption grow, so too grows the number of marketing dollars being poured into them. [...]]]></description>
			<content:encoded><![CDATA[<p>Recently, we looked at <a href="http://mashable.com/2008/12/10/social-networking-ad-estimates-2009/">media usage trends</a>, which showed the rising numbers of media consumers that are using social networking sites, reading blogs, and viewing Internet video, among other forms of digital content. Not surprisingly, as these new forms of media consumption grow, so too grows the number of marketing dollars being poured into them. <img src="http://ec.mashable.com/wp-content/uploads/2009/01/stats1.gif" alt="" align="right" /></p>
<p>According to a new study released by Aberdeen Group (<a href="http://www.emarketer.com/Article.aspx?id=1006989">published</a> today by eMarketer), 63 percent of companies plan to increase their social media marketing budgets in 2009, despite the current weakness in the economy. Digging deeper into the numbers, 21 percent of those surveyed plan to increase <a href="http://mashable.com/tag/social-media/">social media</a> spending by 25 percent or more, while a mere 3 percent plan to shrink their budgets (34 percent responded “no change”).</p>
<p><img class="alignnone size-full wp-image-113455" title="social media marketing spending" src="http://ec.mashable.com/wp-content/uploads/2009/03/social-media-marketing-spending.jpg" alt="social media marketing spending" width="324" height="253" />While that sounds like incredibly good news, it’s worth noting that late last year eMarketer <a href="http://mashable.com/2008/12/10/social-networking-ad-estimates-2009/">reduced their estimates</a> for overall ad spending on social networking sites. Additionally, eMarketer goes on to note in today’s report that a combined 59 percent of companies found it difficult or “very difficult” to measure social media marketing.</p>
<p>But “social media,” according to the newest survey, encompasses more than just the likes of Facebook<a class="blippr-inline-smiley blippr-inline-smiley-05" rel="http://www.blippr.com/apps/336650-Facebook.whtml" href="http://www.blippr.com/apps/336650-Facebook" target="_blank"><span>Facebook reviews</span><img class="wp-smiley" src="http://static1.blippr.com/images/inline-face_05.png?1237798206" alt="Facebook reviews" /></a> and MySpace<a class="blippr-inline-smiley blippr-inline-smiley-03" rel="http://www.blippr.com/apps/336652-MySpace.whtml" href="http://www.blippr.com/apps/336652-MySpace" target="_blank"><span>MySpace reviews</span><img class="wp-smiley" src="http://static1.blippr.com/images/inline-face_03.png?1237798206" alt="MySpace reviews" /></a>, who still command the bulk of ad dollars, and includes things like blogs, wikis, and Twitter<a class="blippr-inline-smiley blippr-inline-smiley-07" rel="http://www.blippr.com/apps/336651-Twitter.whtml" href="http://www.blippr.com/apps/336651-Twitter" target="_blank"><span>Twitter reviews</span><img class="wp-smiley" src="http://static1.blippr.com/images/inline-face_07.png?1237798206" alt="Twitter reviews" /></a>. Of course, all of these mediums are still in the experimental phase when it comes to ad formats and measurement, ranging from the new <a href="http://mashable.com/2009/03/19/new-facebook-brands/">Facebook Pages</a> to the <a href="http://mashable.com/2009/03/05/twitter-brand-sponsors">Twitter Brand Sponsors</a> we’re trying on Mashable<a class="blippr-inline-smiley blippr-inline-smiley-05" rel="http://www.blippr.com/apps/337174-Mashable.whtml" href="http://www.blippr.com/apps/337174-Mashable" target="_blank"><span>Mashable reviews</span><img class="wp-smiley" src="http://static1.blippr.com/images/inline-face_05.png?1237798206" alt="Mashable reviews" /></a>.</p>
<p>With budgets for social media marketing clearly on the rise, once best practices are established, those remaining tepid about the medium at the moment may jump in, and overall spending should continue to grow. Perhaps, at that point, we can even conclude that <a href="http://mashable.com/2009/03/21/social-media-industry/">social media is indeed an industry</a>.</p>
<p><em>Image courtesy of <a rel="nofollow" href="http://www.istockphoto.com/mashableoffer.php" target="_blank">iStockphoto</a>, <a rel="nofollow" href="http://www.istockphoto.com/user_view.php?id=614972" target="_blank">alexsl</a></em></p>
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