Impact of Social Networking Websites on Business

These platforms can enhance and aid in the success of businesses. Facebook is the largest social media site used in social networking. This social networking

(2) A network of friends, colleagues, and other personal contacts. (3) An online community of people with a common interest who use a website or other technologies to communicate with each other and share information or resources. Social Network sites is defined as web-based services that allow individuals to (1) construct a public or semi-public profile within a bounded system, (2) articulate a list of other users with who they share a connections, and (3) view and navigate their list of connections and those made by others within the system. These social network sites are named as such but not limited to: Blogs, Facebook, Twitter, Myspace, and

Social networking sites are used worldwide by millions of people. People use social networking sites to meet new people or even contact a friend. Social networking sites help people keep inter connected.

However, in opposition, social networking sites is based on sharing information and so, in the Internet economy and the exchange between users and websites would be beneficial to both ends. As the users’ valuable activities and information has become the base for

Social networking is a website which can be used to interact with other people on the same platform. This can be used to meet new people and keep in contract with friends and families. In this report I will be explaining different social medias and their purposes. Also I will be giving real examples of the social media webpages.

Ladies and gentlemen, every beginning will be an ending. We have come to the conclusion. As we have seen, social networking can give benefits to our business. Among benefits that can social networking contribute to our business is by build up your online reputation and your brand. Apart from it is social networking give as much as you take which mean that you can promote your product and publish it at Facebook or Twitter for example and attract customer attention to buy your product. Last but not least, remember that there are a lot of advantages of social networking that can generate your profit and reduce cost at the same time.

Also, all successful businesses must know how to give the people what they need. Social networking is a great way of finding out what consumers need and what they are mostly looking for. It is also a great way to advertise products/services that they are offering and persuading the people to buy from them.

Social networking can benefit businesses greatly. These sites allow businesses to advertise and market services to a large audience, and since a profile is free to set up, the advertisement is

Social networking is a way of connecting people in the virtual world. Social networking websites have exploded in recent years,

Social Networking is a way of expanding the number of one’s business by making social contacts or connections through individuals. It is an online service, platform, or site which focuses on building the social relations with friends and strangers as well with whom we have similar shared interests, activities, and real life connections.

This means customers can now broadcast their feelings about a business to thousands of people instantly. This has led marketers and small business owners to turn to the Internet as an avenue for cost effective marketing (Phillips et all, 2010). Small business owners can use email campaigns, advertise on websites and word-ofmouth viral marketing at a fraction of the price of traditional advertising. For instance a magazine ad can cost thousands of dollars, yet an ad on Facebook may only cost a few cents each time a person clicks on it (Barnes & Mattson, 2009). In 2010, there were 221 million internet users and 9 of 10 internet users visited a social network at least once a month (Sass, 2011). This provides small business the opportunity today to access millions of people at no monetary cost, something which was only a dream a few years ago (Lacho et al, 2010). Businesses are turning to Twitter for instance, as they look for simple, inexpensive ways to promote their business and disseminate the latest industry information about their company. Twitter is also a tool small business can use to manage their online identity and find out what their clients are saying about their company or competition (Geho et al, 2010). Social media sites can “propagate positive messages about products, raise awareness and organically recruit additional members, all which can provide powerful competitive

With the development of the internet, the platform has created countless websites that promote the emergence of social networking. In 2001, web sites such as Facebook emerged, whose activity was to invite friends with similar interests, who in turn

Social networking sites are also being used as marketing tool by managers for creating, communicating and delivering values and increasing their geographic span across every possible vertical of the customer segments and helps in brand building. Social media networking sites help employees to stay connected to customers for lasting relationship. Some of the organizations rely on social networking for recruiting people, candidate assessment and these processes reduce the hiring

Businesses today are growing more aware of trends in social and business networking to assist them in growing, developing products, services and the advertising to draw consumers to them in ever increasing numbers.

Social media became more prominent in business world along the growth of social media. The study of the usage of social media in fortune 500 1and Inc. 5002 shows that large number of companies is very familiar to social media and adopts them to run their business (Barnes, 2010). Several kinds of social media are around nowadays, however, not all of them are effective in business. Although the adoption rate of social media is growing year by year, some kind of social media are declining such as Podcasting, message board, and blogging. The reasons why those social media are declining can be found in the difference of method of connecting people and perception between customer and companies. A company has to use right social media in