Special Topic, August 2009: Marketing and Social Media

Social media is online content created by people on the web. Social media can take a variety of forms.

  • What percent of your marketing budget do you currently spend on social media?
  • What percent will you spend in the next 12 months?
  • What percent do you predict you will spend in five years?

Check the forms of social media your firm is currently using.

  • Blogging
  • Microblogging (e.g., Twitter)
  • Product reviews (e.g., Amazon)
  • Product design or co-creation (e.g., NikeID)
  • Video and photosharing (e.g., YouTube and Flickr)
  • Podcasts
  • Social networking (e.g., Facebook)
  • Forums (e.g., Google groups)
  • Social bookmarking (e.g., Digg)
  • Virtual reality (e.g., Second life)
How does your firm use social media?
(Check all that apply)
What purpose is
most useful?
(Check the top 3)
Marketing research
Brand promotions, such as contests, coupons
Brand awareness and brand-building
Acquiring new customers
Retaining current customers
Improving current products or services
Introducing new products or services
Identifying new product and service opportunities
Identifying new customer groups we currently don’t target

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