This document provides an overview of social media opportunities and strategies for small businesses. It discusses how social media has led to a major cultural shift with almost 40% of Australians now interacting with companies via social platforms. Key stats on social media usage in Australia are presented showing growth in areas like smartphones, wireless internet, and time spent online. The document then outlines best practices for small businesses to develop an integrated social media approach, including listening to conversations, creating a strategy, setting up profiles, running campaigns, and monitoring/reporting. A 7 step process is recommended to guide social media activities. Mobile applications and location-based marketing are also highlighted as important opportunities.