Social networks offer your brand a great way to create a loyal customer base and expand your area of influence. But just putting a social page together and hoping for the best is not necessarily a sound strategy. A new report is showing how much money local companies are spending on social advertising.
• By 2014, spending is projected to grow 66% to $2 billion
• In 2016, it is estimated to reach $3.1 billion
• The majority of social ad spending is anticipated to be on display advertising but non-display advertising is expected to see an annual growth rate of35% from 2011 to 2016
What Does This Mean To You
The growth in social spending means businesses will be reinforcing their social presences with marketing messages – your competitors may be among those companies. How are you going to keep your organization top of mind socially? There are several strategies that make it easy for you to keep message targeted and effective on social media. For more information on how to take advantage of social media advertising and ad networks, please contact your Orlando Sentinel Media Group representative or:
Advertising Research Manager
Source: eMarketer; BIA/Kelsey