The 2010 Social Media World Forum in London
Last Tuesday I attended the Social Media World Forum in London. Going to an international social media conference was a first for me and going round the various exhibitor stands and attending several of the workshops was in many ways an exciting experience.
From the event it was clear that there were two main issues dominating the workshops (I just attended the free workshops not the conference). Firstly, measuring the ROI of social media campaigns was clearly on the mind of many present at the event. It is clear that the recession has put a lot of pressure on agencies and in-house marketing teams to provide hard data proving that any investments in social media marketing are worth it. Of course it’s very understandable that providing metrics for ROI purposes is an issue since companies are spending over 100k, and in some cases millions of dollars in leveraging social media.
There was also a lot of hype about maximizing the use of Facebook. If one considers the fact that Facebook now has over 400 million users worldwide, the hype is logical. Workshops focused on analytics available to Facebook advertisers, using Facebook applications to generate viral trends, and leveraging Fan pages to build brand loyalty. In terms of marketing on Facebook, it became clear that Maltese businesses still have a lot of opportunity to be innovators on the local scene.
I will be doing my best to keep my posts brief, however I shall be discussing what came out of the event in much more detail in the posts to come. Watch for at least two entries a week on this blog from now on. Finally, please give a shout out with whatever you’d like to see discussed here in the future.