Last year, Proctor and Gamble increased its digital marketing spend to represent 35% of its overall marketing budget . This is well ahead of the industry average which was estimated to stand at 22% according to ZenithOptimedia.
The digital trend continues to gain pace with more global brands dedicating increasing budgets to digital channels. Visa has reported it will allocate at least one-third of its marketing budget towards digital this year.
Here we take a closer look at Visa’s social strategy in support of its sponsorship of the Sochi Winter Olympics. Sponsorship of any Olympic Games is an enormous investment (estimated at around $100m), even for the deep pockets of Visa. Add in the controversial gay rights issues plaguing Sochi’s pre-event coverage and headline sponsors like Visa had to work especially hard to maintain lasting, meaningful brand exposure from their investment.
This year, Visa is focusing on ramping up its presence on social media giants; Facebook and Twitter.
Visa cleverly uses engaging content reaching its 160,000 Twitter followers and 12 million Facebook fans, to maintain relevancy. Take the example of Visa’s tweet posted this morning congratulating David Wise on his first Olympic Gold medal.