Cartoon: The Social Media Budget

For most organizations, the cost of engaging in social media hasn’t been integrated into the annual budget process. However, as more companies learn that tools like Facebook, Twitter and YouTube are not a fad and they are not going away, they’ll start to realize that engaging customers where they are conversing can have positive impacts. As the level of engagement grows, organizations will need to begin adding social media expenses into their budgets as part of the cost of doing business. Like telephones, computers, and websites, having a Facebook page and Twitter account, and the appropriate headcount to support them, will soon be commonplace.

Until then, however, social media strategists will have to educate their executives about the importance of social media and the need to put ongoing funding behind it. The cartoon below gives a great example of those ongoing conversations.

Take the time to develop a good social media budget, don't just relegate leftovers from other budgets

Comments And Reactions

  1. I always say “free doesn’t mean it doesn’t cost anything.” This cartoon is a great way to make that point. I’ve shared it with the Social Media in Organizations (SMinOrgs) Community and may start including it in my presentations.

    Courtney Hunt
    Founder, SMinOrgs Community

  2. Hi Sean! Great cartoon. I teach social media marketing at the University of Iowa and am preparing a ‘budget’ presentation now. May I include this with a link to your website on my keynote?

Trackbacks

  1. […] getting ready to start budget planning, here are some activities you might consider adding to your social media budget:Headcount – Do you have enough resources allocated to monitor our channels, listen for […]

  2. […] you were to conduct this search today, you’d likely see my social media budget blog post (yeah!) within the first 5 listings in the index and maybe even one or more of my comic strips in […]

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