The document provides guidance on creating a social media plan in 6 steps: 1) preplanning, 2) listening to conversations, 3) creating target profiles, 4) setting goals, 5) joining conversations, and 6) measuring ROI. It also discusses budgeting for social media, including determining allocation from an existing budget vs new funds, and examples of costs like time, design, analytics tools, and advertising. The document concludes by advising to start with easily maintained platforms, plan content flow, and find automation tools.