If you’re not using social media to promote your business, you’re missing out.

A recent study by Wetpaint and the Altimeter Group, called the ENGAGEMENTdb study, ranks the “world’s most valuable brands based on how they leverage social media to interact with customers.” Able to measure and monitor brand engagement, ENGAGEMENTdb is the first of its kind. Essentially, Wetpaint and Altimeter Group are measuring social media’s financial value. For example, how does a Twitter account actually pay off — or does it even pay off at all?

So the study took the world’s 100 most valuable brands (as measured by BusinessWeek/Interbrand “Best Global Brands 2008″ rankings) and looked at their social media use — how well the brands are engaging their consumers and how that affects their revenue and profit. What the study found was that those 100 brands are “experiencing a direct correlation between top financial performance and deep social media engagement.”

What exactly does that mean? Simply put, companies engaging in social media are more financially successful.

At Get Page One, we’re firm believers in the power of social media marketing. But you can’t just sign up for accounts on Twitter, Facebook, etc. and hope for it to pay off. You have to work hard at it and be consistent in the way you use it — you can’t just sign up and leave. Successful social media marketing involves signing up for social media accounts and actually being social — interacting with other users, regularly updating and participating.

Engage in social media, be consistent and see it literally pay off.

Tags: facebook, internet marketing, SEO, Social Media, social media marketing, Twitter

This entry was posted on Monday, July 27th, 2009 at 3:57 pm and is filed under Social Media, social media marketing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.