Marketing Factoids

  • Only 16 percent of consumers trust what they read on blogs source ›
  • Music sales in the United States will decline to $9.2 billion in 2013, from $10.1 billion this year. source ›
  • Acquiring a new customer costs about five to seven times as much as maintaining a profitable relationship with an existing customer source ›
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OCT 2008

Forrester: Social Web Now Mainstream

Brandweek, October 24, 2008 — U.S. consumers are flocking to use social networks and other participatory venues to the extent that the activity is now mainstream, according to Forrester Research.

The company's polling indicates 2008 has marked significant growth for social media, with a decided majority of users now taking part.

"The novelty of today's social technologies will eventually wear off, and consumer adoption will plateau as all new media eventually do," Forrester analyst Josh Bernoff writes. "But consumers will expect marketers to continue the relationship they've formed over time and still listen to what they have to say."

Related Factoids

A consumer poll done in the second quarter found that 75% of Internet users participate in some form of social media, up from 56% in 2007.
Forrester found large growth in participation among those reading blogs and writing product reviews. "Spectator" rates jumped from 48% to 69%. Likewise, those identifying themselves as "critics" increased from 25% to 37%.
Maintaining RSS feeds and tagging Internet content remain far from the norm. Just 19% fell into that "collector" category, up from 12% a year ago
Those publishing a blog or personal Web page saw incremental growth: 21% versus 18%. In fact, blogging grew just 10%, well behind the 39% growth in starting a social network profile. Still, blogs remain a highly popular form of social media: 48% of respondents said they have read one, a nearly 50% increase from 2007.

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