Coca Cola And Facebook Study: 61.5 Million Fans, No Impact On Sales

82c326049851eec263676911456d0227Marketing guys have always been  a glib bunch but it’s gonna take a lot of fast and fancy 56a794fe758893735dae85babb03bf6f 39734bc982754bd93b78c40bd7f2971c 95261a4f6a767fc44208f8d00e820041 10d57a4cb55da2598fb2a2a470880c57 1d695a84e43caa0a09787c934a87f62dtalking to explain this  one–that online buzz for Coke affected short term sales by only 0.01%. Given that the iconic brand has 61.5 million fans on Facebook (more than any other brand) this quantifiable 55bfdfceea762b04bad1fdb18a2ef84dfailure suggests that consumer behavior is as willfull and unpredictable as ever.

Via Advertising Age

“A Coca-Cola Co. study finds online buzz has no measurable impact on short-term fc40f36d757da21864803e8ca33f6a91sales, but online display ads work about as well as TV, said a company executive in a presentation at the Advertising Research Foundation’s Re:think 2013 conference in New York today.

It’s a stunning admission for a company who’s flagship brand has 61.5 million fans, more than any other brand on Facebook. But Eric Schmidt, senior manager-marketing strategy and insights at Coca-Cola, isn’t giving up on buzz just yet. And he cautioned against reading too much into the research, noting that it covers only buzz, not sharing, video views or other aspects of social media.

But when Coca-Cola put buzz sentiment data into the same analytical framework it uses to evaluate other digital media, Mr. Schmidt said, “We didn’t see any statistically significant relationship between our buzz and our short-term sales.”

That was at a 95% confidence level, but even stepping back from that high standard, he said showed buzz affecting sales by only 0.01%.”

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