June 27, 2010

A quick and dirty study on Social Media

I’ve noticed lately that my buying behavior has been switching to brands who are on social media and, more importantly, brands who would engage with me (more on that soon). I wanted to see if I was an oddity or a norm here.

So, like anybody else would on a Sunday I created a 30 second survey on Google Docs and Tweeted. This is by no means a comprehensive survey but a quick and dirty fact finding mission. As many of the respondents (around 65%) located the survey on Twitter you can say that the pool is somewhat biased when comparing channels. For those wanting real specifics, n=40 (with two disqualified for incomplete information, not bad for an hour on Sunday afternoon). Read into the results as you wish, my followers helped me collect the data so it is only fair I share it.

70% of respondents indicated that a companies social media account influences their purchase decisions. All users who responded to this survey are clearly social media savvy (and thus the results are only applicable to a similar crowd) but it does demonstrate that people on these channels expect representation from businesses.

60% of all respondents indicated social media as part of their purchase criteria (the difference here being that a company must be on social media to make a purchase) and that they have purchased from a company because they were active on social media where competitors were not. Again, this applies only to a social media crowd but shows that non-savvy small businesses are likely losing sales for not being present.

most influential social media channel

Respondents were then asked to specify the most important social media channel when investigating purchase options / companies. Twitter was considered the most important channel, perhaps due to ease of access and simplicity. Company blogs came in last; my best guess on this one is that company blogs are rarely conversations whereas Facebook Pages and Twitter profiles are often very conversation heavy.

most popular social media marketing channels

Respondents were then asked to rank important factors when evaluating a channel; specifically, when two products / companies maintain social media channels and the user is making decisions. The rate of activity and level of interaction came in at number 1 which, as mentioned earlier, may be why Twitter and Facebook were considered more important than blogs.

Finally, and perhaps most surprisingly, 30% of respondents indicated they regularly pay a higher price for products active on social media over competitors who are not. We already knew social media was an important evaluation tool but this number was somewhat surprising to me.

Read into the facts as you will. As always I love the e-mail, Twitter and comment feedback.

  • http://www.thewriteway.com Kathy Magrino

    As always, Alex, you amaze me with your initiative and energy! Talk to you this week!
    Kathy

  • Pingback: Social Media Marketing Statistics | Media Point

  • Pingback: Media Point » Social Media Marketing Statistics

  • Pingback: Social Media Marketing Statistics « Media Point

  • Pingback: Social Media Marketing Statistics | Media Point - O Ponto de Encontro de todos os interessados nos Media!

  • Pingback: Social Media Marketing Statistics | Media Marketing

  • Pingback: Social Media Marketing Statistics | Media Marketing

  • Pingback: Social Media Marketing Statistics | Media Marketing

  • Pingback: Social Media Marketing Statistics | Media Marketing

  • http://www.thewriteway.com Kathy Magrino

    As always, Alex, you amaze me with your initiative and energy! Talk to you this week!
    Kathy

  • Pingback: Social Media Marketing Statistics | organicsocialmedia

  • Pingback: Social Media Marketing Statistics | socialmediabasic.com

  • Pingback: Ranking Social Media | Steve Francia's Blog

  • http://twitter.com/brenthathaway Brent Hathaway

    Cool stuff, Alex!

  • http://twitter.com/brenthathaway Brent Hathaway

    Cool stuff, Alex!

  • Anonymous

    Actually, not so cool. This shares the same problem with virtually all “research” that attempts to prove the power of social media. Survey data is relatively weak data if you are looking at true indicators of behavior AND only gives you access to what people SAY they do, or did. Often they don’t know themselves, all the factors that affect BEHAVIOR.

    You cannot assume that because someone says:” THis (or that) influences me to do..this or that”, it actually has, or does. Seriously. We know from decades of self report data that often survey data does not predict actual real life behavior and it’s even worse at determining WHY people do what they do.

    The real question we should be asking is why so much of this poor research is around, coming from major firms like Gartner and Forester, and whether it’s even ethical to report data that means…well, nothing. Lots of businesses are getting mislead by this hype and hope stuff.

    (PS. Alex, I’m not criticizing what you did here, it’s great to try, but more making the general point that virtually ALL evidence about the efficacy of social media is faulty.

  • http://busylearners.com Robert Bacal

    Actually, not so cool. This shares the same problem with virtually all “research” that attempts to prove the power of social media. Survey data is relatively weak data if you are looking at true indicators of behavior AND only gives you access to what people SAY they do, or did. Often they don’t know themselves, all the factors that affect BEHAVIOR.

    You cannot assume that because someone says:” THis (or that) influences me to do..this or that”, it actually has, or does. Seriously. We know from decades of self report data that often survey data does not predict actual real life behavior and it’s even worse at determining WHY people do what they do.

    The real question we should be asking is why so much of this poor research is around, coming from major firms like Gartner and Forester, and whether it’s even ethical to report data that means…well, nothing. Lots of businesses are getting mislead by this hype and hope stuff.

    (PS. Alex, I’m not criticizing what you did here, it’s great to try, but more making the general point that virtually ALL evidence about the efficacy of social media is faulty.

    • http://www.twitter.com/alexblom AlexBlom

      Robert, thanks for the comment.

      I realize the realities of surveying and was quite careful to not state in the piece that it was research and right off the top admit bias and faults in the methodology. I agree most evidence is faulty, but at least I admitted mine is / was just made for a bit of fun :)

      Alex

  • http://www.twitter.com/alexblom AlexBlom

    Robert, thanks for the comment.

    I realize the realities of surveying and was quite careful to not state in the piece that it was research and right off the top admit bias and faults in the methodology. I agree most evidence is faulty, but at least I admitted mine is / was just made for a bit of fun :)

    Alex

  • http://automatedsocialnetworking.com Robert Portman

    When it comes in business influence social media and networking sites are on the top.. it only shows that they are useful for businesses and websites and of course for users.

  • http://automatedsocialnetworking.com Robert Portman

    When it comes in business influence social media and networking sites are on the top.. it only shows that they are useful for businesses and websites and of course for users.

  • http://twitter.com/webmindset Chris, LEED AP

    Good piece. I was watching Chris Pirillo’s live feed the other day and he mentioned wanting to use social media to find a painter to undo a bad job another painter had done.
    That hit my hot button, so I called two other business owners I know in Seattle (I’m in Washington DC) and asked for their recommendations for a painter they’d use for their mother’s house.
    Chris’ issue is being taken care of thanks to social media.
    Next, we’re working on some flooring for Chris’ house (that’s my main gig) and I’ll be giving him some sweet floors in exchange for his expertise and connections in the social media realm.

    It’s all good in the social media hood!

  • http://twitter.com/webmindset Webmindset

    Good piece. I was watching Chris Pirillo’s live feed the other day and he mentioned wanting to use social media to find a painter to undo a bad job another painter had done.
    That hit my hot button, so I called two other business owners I know in Seattle (I’m in Washington DC) and asked for their recommendations for a painter they’d use for their mother’s house.
    Chris’ issue is being taken care of thanks to social media.
    Next, we’re working on some flooring for Chris’ house (that’s my main gig) and I’ll be giving him some sweet floors in exchange for his expertise and connections in the social media realm.

    It’s all good in the social media hood!

  • Anonymous

    When it comes to media influences social networking sites and business are at the top .. which only proves to be useful for companies and web sites and of course users.
    SEO Company India

  • Anonymous

    That was a terrific article. I don’t agree with every single single thing that you said but still great nonetheless.

  • Pingback: \side effects of Percocet\\

  • Pingback: bubble game

  • Pingback: que es el amor

  • Pingback: Brock Hamilton

  • Pingback: Continue Here

  • Pingback: เกมส์ ขายกาแฟ

  • Pingback: drainage pipe

  • Pingback: เกมแต่งหน้าบาร์บี้

  • Pingback: How To Get Pregnant

  • Pingback: simulation credit auto

  • Pingback: Knulla Rumpa

  • Pingback: link

  • Pingback: mujeres article

  • Pingback: mujeres