RecentÂly busiÂnessÂes have startÂed to anaÂlyze the sucÂcess of their social media camÂpaigns and their social media manÂagers are facÂing a disÂapÂpointÂing set of results.
In a surÂvey carÂried out by Gallup, more than 62% of busiÂnessÂes claimed that their social media engageÂments had no influÂence on the purÂchasÂing deciÂsions made by conÂsumers, with only 30% acknowlÂedgÂing that it had some influÂence. Only 5% believed that social media exertÂed a great deal of influÂence, while 3% did not know. These results were in spite of US comÂpaÂnies spendÂing an estiÂmatÂed total of $5.1bn on adverÂtisÂing on social media platÂforms durÂing 2013. Gallup claims that FaceÂbook and TwitÂter users are ‘highÂly adept at tunÂing out’ brand conÂtent and conÂcludÂed that ‘social media are not the powÂerÂful and perÂsuaÂsive marÂketÂing force many comÂpaÂnies hoped they would be.’
The diminÂishÂing powÂer of Facebook
Social media has also made it more difÂfiÂcult for comÂpaÂnies to reach their tarÂget marÂkets. For examÂple, FaceÂbook has made sigÂnifÂiÂcant changes in the way it disÂplays their users’ news feeds, only feaÂturÂing those it believes they will be interÂestÂed in. AccordÂing to social-media anaÂlytÂics comÂpaÂny, EdgeRÂank CheckÂer, this resultÂed in a 16% downÂturn in the numÂber of users brands were able to reach via the platform.
A FaceÂbook spokesman claimed that brands need to rethink their approach to their cusÂtomers, viewÂing them as the means to achievÂing ‘posÂiÂtive busiÂness outÂcomes’ rather than reachÂing fans as an end in itself. He also said that FaceÂbook has been entireÂly honÂest with busiÂnessÂes about how less sucÂcessÂful their posts will be in reachÂing their tarÂget market.
TraÂdiÂtionÂal adverÂtisÂing has the edge
It seems that traÂdiÂtionÂal adverÂtisÂing methÂods are more sucÂcessÂful with conÂsumers. Nielsen HoldÂings NV conÂductÂed a study durÂing 2013 that showed that conÂsumers worldÂwide were more likeÂly to be perÂsuadÂed by adverts on teleÂviÂsion and radio, in magÂaÂzines and on billÂboards. Gallup believe the reaÂson why these techÂniques are more sucÂcessÂful is that they repÂreÂsent a soft sell, rather than the hard sell of social media.