1) Social media has dramatically changed how people interact online through many-to-many conversations rather than one-to-one broadcasts, with people now producing as well as consuming content. 2) If most people used social media more than email and commercial brokers were already seeing success with social media, it could create a major marketing shift by becoming the most successful way for businesses to promote themselves. 3) While social media is still in its early stages and perfect approaches have yet to be determined, it has proven valuable for some companies in generating revenue, recruiting talent, and transforming marketing when used strategically within a comprehensive marketing mix.