Companies Boost Digital Marketing, Unsure of ROI
ADOTAS – While companies continue to bump up their online ad budgets, particularly for social, a high percentage still are uncertain how measure the effectiveness of digital campaigns.
Marketing Budgets 2010: Effectiveness Measurement and Allocation, a survey of more than 1,000 companies by Econsultancy and ExactTarget, found that while 88% of respondents were increasing or keeping their marketing budget the same in 2010, 28% were shifting at least some of their marketing budgets from traditional to digital
Social media is the big winner, as 70% plan to increase their off-site social media budgets — e.g., Facebook and Twitter — while 64% will boost their on-site social media spend, via blogs and reviews on the company websites. Also 64% of companies plan to increase their organic search engine optimization spend, while 51% will give a boost to their paid search. In addition, 56% companies planning to increase their mobile spend and 54% would do the same for email.
At the same time, 43% of respondents rated themselves as “poor” at measuring the ROI of digital advertising. In particular, 38% reported difficulty with measuring the effectiveness of on-site social media and 40% said the same for off-site.
Reader Comments.
That’s a big jump for social media. Digital (social media) is starting to become slightly more easier to measure ROI. It really comes down to the individual organization on how that measurement means anything.
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