Is Social Media Right for All Businesses?
Thursday
Feb 25, 2010
According to statistics, more and more small businesses are beginning to use social media as a way to promote their business. While I agree that social media has become the 800 pound gorilla in the room, I’m not quite sure whether it’s effective enough to justify the amount of time invested. Before I go further, let me lay out the pros and cons of social media for small businesses.
Pros:
- Good way to leverage high-traffic social media sites.
- Good way to spread the word about your product or service.
- Good for branding your company.
Cons:
- Heavy investment of time and effort.
- Only effective for certain types of niches or industries.
- Little return.
This is my opinion, but I don’t think there are enough benefits to justify spending all day on Twitter or Facebook trying to sell your service. I mean who has time for it?! If you’re running a small business, I’m sure your time is better spent on more important things other than updating Twitter.
Social media works for big companies.
Bigger companies would benefit more out of social media – I mean the companies with enough money to hire a dedicated social media specialist. With a dedicated social media specialist, companies can effectively leverage the power of social media.
Social media also works for SEOs, marketing and media companies.
This is what marketers do. They devote their time and energy trying to sell their services and products to other marketers.
Why social media isn’t the best marketing tool for small businesses.
Social media requires a lot of time to do it right. More often than not, small businesses don’t have the resources to do it cost-effectively. You have to understand your audience. If you’re running an ecommerce store, there is a thin line between being perceived as spammy and being newsworthy.
Most social media sites are used by marketers and people in the media business. Real end-users and shoppers use search engines to shop or find information.
Comments
VGPrakaash
May 19th, 2010 at 8:11 pm
Social media can also be helpful for small businesses to get exposure if it might help at all, alternatively content marketing might be another way of marketing.