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MAJOR BENEFITS
OF SOCIAL MEDIA
FOR BUSINESS
PRESENTED BY NEW DELHI INSTITUTE OF MANAGEMENT
Evolving communication channels in the 21st century
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
As more and more people flock to social media,
businesses that get on board enjoy big benefits in
four main areas
#1: CUSTOMER ANALYTICS
Location
Analytics provide invaluable information about your followers.
Engagement
behavior
Age
Interest
Language
Gender
20+
This information lets you:
REFINE
social media content
IMPROVE
customer relationships
INCREASE
rate of engagement
Ideal channels for
customer connection
and care
Inquiries
Issues
Feedback
Complaint
Compliment
Suggestions
#2: CUSTOMER SERVICE
Social media facts: customer service
Source: BufferApp
of social media
customers said they’d
love direct response
about complaints
of consumers said
direct response to
their questions is
important
of those who
experience positive
social care are likely
to recommend that
brand to others
71% 43% 86%
#3: MARKETING
Top benefits of social media marketing in 2014
Source: Social Media Examiner
50%
51%
58%
61%
66%
71%
72%
80%
92%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Improved sales
Reduced marketing expenses
Grown business partnerships
Improved search rankings
Generated leads
Provided marketplace insight
Developed loyal fans
Increased traffic
Increased exposure
Most important social platforms
for marketers
Source: Social Media Examiner 2013, 2014
49
16
12 14
4 2 3
54
17
12
8
2 3 4
0
25
50
75
100
Percentageofmarketers 2013
2014
Others
#4: INFORMATION DISSEMINATION
Job vacancies
#4: INFORMATION DISSEMINATION
Products and services
News
Events
Articles
Stories
Quotes
Quantity of information
people share on social media
500 million tweets are sent every day
Sources: KissMetrics | Twitter | YouTube | Instagram
300 hours of video are uploaded to YouTube
every minute
More than 30 billion pieces of content are shared
on Facebook each month
THANK YOU

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Social media benefits for business

  • 1. MAJOR BENEFITS OF SOCIAL MEDIA FOR BUSINESS PRESENTED BY NEW DELHI INSTITUTE OF MANAGEMENT
  • 2. Evolving communication channels in the 21st century 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
  • 3. As more and more people flock to social media, businesses that get on board enjoy big benefits in four main areas
  • 4. #1: CUSTOMER ANALYTICS Location Analytics provide invaluable information about your followers. Engagement behavior Age Interest Language Gender 20+
  • 5. This information lets you: REFINE social media content IMPROVE customer relationships INCREASE rate of engagement
  • 6. Ideal channels for customer connection and care Inquiries Issues Feedback Complaint Compliment Suggestions #2: CUSTOMER SERVICE
  • 7. Social media facts: customer service Source: BufferApp of social media customers said they’d love direct response about complaints of consumers said direct response to their questions is important of those who experience positive social care are likely to recommend that brand to others 71% 43% 86%
  • 8. #3: MARKETING Top benefits of social media marketing in 2014 Source: Social Media Examiner 50% 51% 58% 61% 66% 71% 72% 80% 92% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Improved sales Reduced marketing expenses Grown business partnerships Improved search rankings Generated leads Provided marketplace insight Developed loyal fans Increased traffic Increased exposure
  • 9. Most important social platforms for marketers Source: Social Media Examiner 2013, 2014 49 16 12 14 4 2 3 54 17 12 8 2 3 4 0 25 50 75 100 Percentageofmarketers 2013 2014 Others
  • 10. #4: INFORMATION DISSEMINATION Job vacancies #4: INFORMATION DISSEMINATION Products and services News Events Articles Stories Quotes
  • 11. Quantity of information people share on social media 500 million tweets are sent every day Sources: KissMetrics | Twitter | YouTube | Instagram 300 hours of video are uploaded to YouTube every minute More than 30 billion pieces of content are shared on Facebook each month