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According to “The CMO Survey” from Duke University’s Fuqua School of Business and the American Marketing Association (AMA), social media marketing budgets are continuing to grow.

Marketers already planned on increasing their social media spend in August 2009, and they have continued to increase them since then. Survey respondents in February 2010 claimed they will devote nearly one-fifth of their marketing budgets to social media in the next 5 years.

B2B social media spending is nearly even with B2C spending. According to the Survey, B2C services were behind the game in August 2009, spending in that area has caught up and will remain in line with other channels for the next several years. B2B product marketers will remain behind the curve over the next 5 years.

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Tags: social media az, social media keo marketing, social media phoenix, social media scottsdale

This entry was posted on Tuesday, March 9th, 2010 at 11:34 am and is filed under General, display advertising, keo marketing, local search, new media, online pr, search engine marketing, search engine optimization, social media. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.