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Think Social Media ROI = ZERO? This Video Will Shut You Up

social media2The debate of whether social media is really bringing in the moolah for companies is now more intense than ever.

We have heard you through comments and tweets and while most of you get it, some people are still stuck on the idea that social media is a fad. Like what we have said in our replies and posts, social media ROI is not wholly about the tangibles.

In fact, I hate the word ROI. If you really want to build genuine relationships and gain valuable feedback, you shouldn’t be thinking about the returns all the time. We have got to scrap the old way of measuring ROI and see the long term benefits of social media engagement.

But for those people who need to see the $$ to be convinced, this video by Socialnomics (I’m a fan) will serve that purpose:

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About Sarah Chong

Co-founder and editor of Penn Olson. A laid-back marketing student otherwise. Loves social media and twitters about everything! (yes even about the stranger who chants to himself) A huge Harry Potter movie fan who is extremely scared of geckos.

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  • http://twitter.com/kasanotom Parakorn Manokorn

    i like good

  • http://www.beginnerblogger.com/ Sarge

    I love the way society is going with social media. Absolutely LOVE IT :) Awesome video, thanks for sharing ;)

  • sarah_chong

    (:

  • sarah_chong

    glad you like it! this is an exciting time for social media. (:

  • http://twitter.com/equalman Erik Qualman

    Thanks for posting my Video – love the look and feel of this site!!!! Keep up the great work!

    Erik Qualman
    Author of Socialnomics
    http://www.socialnomics.com

  • sarah_chong

    Hi Erik!

    You are more than welcome. Thank you so much for sharing this video on YouTube. I'm loving what you do! (:

    And yes we will keep it up! Thanks!

  • denikasrel

    Thanks for bringing to our attention. Persuasive info, entertaining, and it has a good beat too -;)

  • sarah_chong

    You are welcome! I love the video too. thanks for watching (:

  • deborahnixon

    Fantastic video and I agree. I've tweeted it and forwarded it. Thanks for this- sure helps by business case.

  • sarah_chong

    Welcome and thanks! (: keep reading!

  • spaidisseny

    great stuff.

    good work guys

    thanks

  • http://www.penn-olson.com/2009/12/15/social-media-forces-businesses-to-go-two-way/ Social Media Forces Businesses To Go Two Way | Penn Olson

    [...] forces businesses to speak with consumers (it’s a good thing!). And those who don’t keep up would sooner or later be on the losing [...]

  • http://www.penn-olson.com/2009/12/29/facebook-is-the-top-searched-term-in-2009/ FACEBOOK Is The Top Searched Term In 2009 | Penn Olson

    [...] 10 most searched terms are social site related – another piece of evidence that signifies the popularity of social media. It also serves as a caution to people who have taken social media lightly in [...]

  • http://www.penn-olson.com/2009/12/31/4-reasons-to-employ-social-media-in-2010/ 4 Reasons To Employ Social Media In 2010 | Penn Olson

    [...] Social media helps companies make money. This awesome video by @equalman would be enough to convince you. [...]

  • http://www.penn-olson.com/2010/02/20/business-dont-use-social-media-if-youre-not-ready/ Business: Don’t Use Social Media If You’re Not Ready | Penn Olson

    [...] ROI? That would come naturally if you follow your business goals and go social with the [...]

  • http://www.penn-olson.com/2010/03/04/brewerkz-singapore-how-it-uses-social-media/ Brewerkz Singapore: How It Uses Social Media | Penn Olson

    [...] difficulty of measuring how social media brings in actual sales. However, that does not mean that ROI is zero. It uses available tools to monitor if it is on the right track in engaging the [...]

  • http://www.penn-olson.com/2010/04/05/we-trust-brands-on-social-networks-almost-as-much-as-we-trust-peers/ We Trust Brands On Social Networks Almost As Much As We Trust Peers | Penn Olson

    [...] convinced? This might [...]

  • Attila Gárdos

    Thanks for this information!

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