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Management Information System 105 Presentation on Social Media. The related report can be found here: http://www.slideshare.net/elvista/the-social-internet-report

Management Information System 105 Presentation on Social Media. The related report can be found here: http://www.slideshare.net/elvista/the-social-internet-report

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The Social Internet The Social Internet Presentation Transcript

  • THE SOCIAL INTERNET BECAUSE STANDALONE SITE’S ARE SO 1990 s Hussain M Elius ID: 083 371 530 Sadat Sayad ID: 091 088 1 530 Rezoanul Bari ID: 083 263 530
  • The Social Internet
    • Industrial Media vs Social Media
    • Social Media Marketing
    • Social Media as Business
  • The Social Internet
    • Industrial Media vs Social Media
  • There are several major differences between using social media and industrial media. Let's consider what makes each form of communication viable and unique:
    • Social media requires little knowledge or skill while a certain level of professional expertise is required to use industrial medial.
    • Content on social media appears in real time so news and updates are announced right away. It may take weeks or even months for content to appear in industrial media.
    • Industrial media must answer to society for the quality and accuracy of its content while social media remains largely unregulated.
    • Social media can be owned by any individual or business while industrial media is more costly to obtain and manage.
  • The Social Internet
    • Social Media Marketing
  • Social media marketing is the process of promoting your site or business through social media channels and it is a powerful strategy that will get you links, attention and massive amounts of traffic.
    • Get more traffic on corporate site
    • Customer service
      • Customer service can be provided cheap, in almost free manner
    • Promote sales
      • Highly target marketing allows high cost/benefit ratio
    • Advertising
      • Advertising through social media gained great success
      • For example: Facebook Beacon
    • Search engine ranking
      • Because social networks have a high volume of data about us, our geolocation, and our interests, they can more easily target highly segmented market
    • Research and development
      • As social media is all about conversation, marketers can do almost free research on the needs of consumers or locate problems faster then previously possible
  • The Social Internet
    • Social Media in Business
  •  
    • Fact
      • 22.7% of 16-19 year olds unemployed
      • 70% of today’s high schoolers plan on starting their own companies
      • Of Inc Top 30 Under 30
        • 18 use twitter
        • 19 host blogs
    • Notable Gen-Y Social Media Business
      • Facebook
        • 2009 Q1 Valuation: $6bil
        • 250mil registered users
      • Google
        • 2008 Revenue: $22.12bil
      • Mint
        • Launched in September 2007
        • $2mil Revenue/month
  • “ one of the re-emerging themes in the businesses they start is dissatisfaction with the status quo.” -Dona Fenn, author of Upstrats!
  • THE SOCIAL INTERNET http://hmelius.com/mis105