Social media provides opportunities for businesses to build relationships through platforms like Facebook, Instagram, and Twitter. To effectively utilize social media, companies should analyze existing media strategies, choose appropriate platforms based on demographics, and implement a timeline that includes regular posting, measuring engagement, and making adjustments. Key aspects of success include engaging customers through conversations on Facebook, creative campaigns on Pinterest and Instagram, and using influencers to create high engagement on Twitter. Proper measurement tools allow companies to analyze metrics and insights to improve strategies.