Social Media Revolution and its Affect on Small Businesses
May 26, 2010 Leave a comment
Social media is not a trend and its use is growing exponentially. The tools will evolve and may in fact change, but the need for businesses to incorporate the Internet in general, and social media specifically, into their overall marketing strategy in order to achieve their goals is not going away. Social media will continue to change the way businesses market their brand, products and services because a savvy business is able to be proactive with its consumers, listening to what they want and need and responding to those needs quickly.
Small business owners should be excited about the opportunities available using the Internet and social media to grow your brand and become more visible to your target market. Social media will enable you to reach more people interested in your products and services faster and more effectively without the huge marketing budget that traditional media requires. Social media gives you the chance to reach out, talk with your customers, give them a reason to talk about you and happily share their recommendation with their friends or better, your community. As pointed out in the video, consumers will “no longer search for products and services, they will find us via social media“.
The good news is that according to a study by AMI-Partners, nearly 70 percent of the small businesses in the United States use social media. The bad news is that only 30 percent of small businesses perceive social media as strategically important to their continued business success because they are unsure how to best utilize the sites’ services to grow their business.
- Back Up Your Social Media Presence Before the Ball Drops (e1evation.com)
- Email, Social Media To See More Marketing Dollars In 2011 (webguild.org)
- Best of 2010: The Future of Business is Social (briansolis.com)
- Small Businesses Getting More “Social” to Stay Afloat (socialtimes.com)
- Speed Summary| HBR on Social Media & New Rules of Branding (fredzimny.wordpress.com)