The Impact Of Social Media on Business
What is Social media?
• Social networking sites (Facebook, Twitter, Myspace)
• Blogs (Wordpress)
• Video sharing sites (YouTube)
• Photo sharing sites (Flickr)
• Crowdsourcing (Wikipedia)
• User reviews (Amazon, Yelp)
Social media are the websites and other online means of communication that are used by large groups of people to share information and to develop social and professional contacts.
Before Social Media1. The Print Age 2. The radio Age
3. The Television Age 5. The digital Age
More Than half of the Human race
Is Under 30 years old
Among Which 95% of millenials havejoined a social network
And these are your -Consumers
-Co-workers
-CEOs-Potential Hires
How can aBusiness implement
a Social Media Strategy?
1. Establish Goals. 2. Sign up for Social Media.3. Find a Social Media Manager4. Post Updates.5. Find Followers and Engage with them.6. Stay Current.
• Word of Mouth• Communicating with customers• Market Research• Cost Control Initiative
Advantages
Disadvantages• A strategic shift• Reduced control over content• Bad publicity spreads too• Poor execution
Still don’t think social media will affect your business??
It already has!
Thank you.
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