How much of thier marketing budgets are companies spending on social networks?

Question by alan finger: How much of thier marketing budgets are companies spending on social networks?
I am looking for the ballpark range on how much companies invested in 08 or will invest in 09 on advertising on myspace, facebook, or managing and maintaining similar web 2.0 initiatives

Best answer:

Answer by Ben E.
A new way to network socially…

http://www.associatedcontent.com/article/1260253/how_to_access_social_networks_from.html

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One Comment

  1. Personally, we’re not seeing much if any being spent by our (http://www.voveo.com) clients… could be because our clientelle are largely b-to-b. I would venture to guess that b-to-c companies would take a different view. This WSJ article questions the value http://blogs.wsj.com/biztech/2.....ties-fail/. Also cites some figures on spend.

    For b-to-b, a better approach to getting into social is through a customer support medium… can kill two birds with one stone. Not to mention, there are free, brandable, hosted solutions out there.

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