Social Media is catching up fast. If you have a business but have not built your Social Media presence yet, then you are definitely losing out on some business. Online Ad spending just went social, thanks to Facebook, at least ten new social media avenues and platforms are coming up each day. So, it's crucial for your company to have a social media plan. Here are a few facts about Advertisement Spendings related to Social Media in the USA and globally.
- Given the current trends in Social Media ad spending, the U.S. social media ad spending alone will cross a whopping $3 billion in 2011. In the year 2010, close to $2 billion was spent in social media advertisements.
- The global Social Media ad spending is predicted to cross $4Bn. This is indeed a huge figure and clearly shows how fast is the world catching up with Social media.
- More than 60 percent of the Ad spendings in Social media came from small businesses and not from the corporate biggies like P&G or Coca-Cola.
If you have not created a Social media plan for your business then you can get in touch with us to get started. We expertise in building innovative Facebook applications that will help your products go viral in no time at all.