95 percent of your marketing efforts are missing the target
For about 5 years I’ve been following a half dozen surveys about the investment in social media. All of them say the same thing: Spending on social marketing is up and continues to rise. Integration of social marketing into the overall program is lacking. (According to the 2013 Duke University CMO Survey , only 3.4 percent of B2B companies claiming their social media activity is integrated into their current programs.) Less than 30 percent of marketing executives actually ask for, much less use the data gathered from their social marketing effort. Marketing executives are finding it difficult to quantify the results But one study I found this month brought up something very interesting that demonstrate why the final three bullets are problematic. The customer focus is completely off. Engage Sciences, a company providing social analytics services, discovered that most companies put 75 Most effort focused on new customers percent of their resources developing...