One of the most adverse domino effects of our current economic situation has to be the distressing troubles currently afflicting the advertising and marketing industries. Because of companies’ fiscal obligations and their deteriorating bottom lines, executives have shown little restraint in slashing their ad budgets and downsizing any of their prior plans for monumental, traditional campaigns.
The situation is incredibly dreary for most marketing professionals, who are now left with the difficult tasks of justifying their worth to their clients by developing, or pitching, campaigns that are explicitly responsible and cost-effective.
So…how should marketers weather the recession?
The answer is quite clear; move the pivotal focus of your campaign onto the web and harness the power of social media. Social media, particularly over the past year, has proven to be an inexpensive, but lucrative tool for online lead generation, providing a positive return on your client’s investments. Amidst the current market, and with marketing budgets slimming to a shoe string, social media presents a more personal and engaging option that can correctly target the proper demographics and audiences in a word-of-mouth fashion.
Tools such as Facebook, Twitter and blogs allow users to connect and share and publish their most personal ideas, thoughts and opinions with old friends or even perfect strangers. The beauty of these interactions lies in the implicitness of the information to appear creditable because of its word-of-mouth nature. Social media users recognize the messages they receive to be more relevant and natural, and not stretched or warped by the stigma of paid advertisements.
But social media users still need to gain the trusts of their peers. Once this goal is attained, the passing along of communications becomes socially accepted as useful, helpful and credible.
The power to share information on these sites can help to bolster a company’s profile, if it is accomplished in a responsible and trustful way. By managing many of the social media channels that they have at their disposal by dedicating the right resources and employees, corporations will recognize the ability of social media to serve as a next-generational inbound marketing tool. Over time, connections made, like in the real world, can generate new leads, clients, and revenue without any of the costs of more traditional business lead generation methods.