Top 4 ways SMB market can achieve success with social networking, social marketing, and social media for business continuedWednesday, May 27th, 2009
2. Our country is built on small and mid-sized businesses and because of the Internet, companies are now able to compete on-line with large fortune 500 companies with an even smaller budget. It’s all about having the right strategy. It levels the playing field and enables a communication channel that would have never been possible in traditional marketing or media. We have now seen that a small business with a great product or service and the right strategy can achieve huge economies of scale on-line. Look at what has happened with twitter. Our current business model leverages twitter to be used as a business tool for our clients to achieve some of these business objectives: PR, customer service, branding, marketing, and of course developing lasting business relationships. Twitter has enabled corporations to get back to the foundations of doing business in a digital age which is much needed right now. Being more transparent, not always selling things, and building an on-line community culture around community. Remember- people want to do business with people. Think of this new way of doing business on line as social marketing. If someone from company A does something good for me, say help me out or point me in the right direction, or does a good job on a project, I am going to tell 10 of my friends and just like word of mouth referrals, the same happens now online in a virtual setting.
Stay tuned for tomorrow’s post!