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Impact of social media on business

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Impact of social media on business

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Impact of social media on business

  1. 1. The Impact Of Social Media on Business
  2. 2. • 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.
  3. 3. 1. The Print Age 2. The radio Age 3. The Television Age 5. The digital Age
  4. 4. More Than half of the Human race Is Under 30 years old
  5. 5. Among Which 95% of millenials have joined a social network
  6. 6. And these are your -Consumers -Co-workers -CEOs -Potential Hires
  7. 7. How can a Business implement a Social Media Strategy?
  8. 8. 1. Establish Goals. 2. Sign up for Social Media. 3. Find a Social Media Manager 4. Post Updates. 5. Find Followers and Engage with them. 6. Stay Current.
  9. 9. • Word of Mouth • Communicating with customers • Market Research • Cost Control Initiative • A strategic shift • Reduced control over content • Bad publicity spreads too • Poor execution
  10. 10. Still don’t think social media will affect your business??
  11. 11. It already has!
  12. 12. Thank you.

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