Tuesday, May 17, 2011

Sustained return

This is an interesting article about social media and other marketing and sales tools. It says there is not much success given that the return is a meager 2%. In the arts, I believe a 2% increase in revenue or a 2% increase in audience attendance is a good deal, especially when the up-front cost is minimal to nothing. Yes, it is true that social media is time consuming and that in small organizations it tends to exhaust your staff. Is it a great success, perhaps not great. However it helps move forward.
Applying this statement to arts organizations, "You may see a bigger bump in sales from something like Groupon--but only on a temporary basis," For arts organization this means that you have (hopefully) a lasting impact, and isn't this the purpose of art, a lasting impact?
http://www.fastcompany.com/1746838/facebook-places-foursquare-social-medias-tiny-2-impact-on-businesses?partner=homepage_newsletter

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