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One of the research findings, social media budgets will be increasing substantially over last year. Most will go towards people resources and the rest to technology and services. Many companies do not plan to outsource much of their social media marketing activities so many of the survey respondents did not indicate much budget going to hiring outside agencies.
One interesting stat was that social media budgets (11%) edged out SEO (10%). Is this the sign of a trend? It’s more complicated than that because the lines between SEO and Social Media are very, very blurry. The trend we’ll see is that social media (like SEO a few years ago) will draw budget away from other channels until it matures and gets it’s own cost center and budget.
Another interesting observation was that “B2C marketers lead their B2B counterparts in the formulation and consistent implementation of social marketing practices.”
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