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Last updated: 27 Sep, 2014  

social-media-marketingTHMB.jpg Impact of social media on SMEs

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Andrew McCauley | 19 Jul, 2011
As technology advances and effect the business environment, small business strategy has taken on a whole new meaning. In the past small business strategy was focused on the growth of local businesses and looking for clientele in a very small area of coverage. The introduction helped to increase the idea of small business strategy as businesses began to expand outside of their local limitations into a a lot more regional spectrum and in some situations a nationwide growth. Further recognition of the web in reference to social media networks created an even new small business strategy that has assisted a business of any size compete with the larger firms and their million dollar advertising campaigns.

This new potential small business strategy is primarily successful when a business creates small business plans focused on the utilization of social media. Social media marketing has a focus on finding consumers and making use of social networks that they often frequent so as to grow a personal relationship outside of the buyer-seller environment. For the client, the chance for social networking assist to keep contacts from all over the globe and remain apprised of any conditions or promotions happening with their regular business outlets. For the small business strategy, social media use assists a business stay in regular touch with their clientele and potential clientele in order to increase client awareness and boost brand recognition.

As the on-line environment has a huge number of websites, it has become extremely hard to find success online. When a company incorporates social media into their small business plans they're taking benefit of a social network which captures the attention of consumers and makes them a part of their client's lives.

When you utilize the marketing potential of Facebook into your small business plans you can become "friends" with your clients and send them regular updates so they're constantly reminded of your business. Making use of social networks such as twitter assists to keep a constant flow of information to clientele so that you could build brand recognition and customer attraction. However the regular updating and tweeting of these social networks and many more can prove overwhelming to the uniformed person.

This is why it is essential when you're seeking to incorporate social media networking into your small business plans you use the knowledge and experience of an expert. With their experience you can create a social media network that will allow you to often update your clients without overwhelming them or yourself. Social media has greatly impacted the business environment and the client business relationship. This shift in small business strategy represents the greatest opportunity to find business success quickly and establish market dominance.

(Source: Articlesbase)
* Andrew McCauley  is a freelance writer.
* The views expressed by the author in this feature are entirely his/her own and do not necessarily reflect the views of SME Times.  
 
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