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Social Media Usage in Entrepreneurship (Blog Post) (view source)
Revision as of 12:13, 10 June 2016
, 12:13, 10 June 2016→Blog Post
59% of social media users say that a company’s social media activities make the company appear “accessible and responsive," and 64% of social media users want to see companies use social media for customer service. Furthermore, the poll's statistics show that just being available on social media can be beneficial to sales. These benefits are further reinforced by [http://www.ijhssnet.com/journals/Vol_3_No_10_Special_Issue_May_2013/24.pdf research] on small to medium sized enterprises, or SME's, from the ''International Journal of Humanities and Social Science''. The study claims that social media tools offer greater market accessibility and customer relations which in turn have a significant impact on the growth of SMEs. The study further postulates that geographical barriers can be broken down by the use of social media and that social media allows businesses to communicate speedily and cheaply with customers.
One of the more novel findings of the study is the vale of social media for creating a customer database based off of digitally recorded preferences, locations, and trends. While the study found litte little affect on SMEs from social media in the areas of pricing and inovationinnovation, the study still strongly reccomended recommends that policies which encourage best practices in social media be adopted in order to promote the growth of SMEs. sector. Despite all of this evidence, the ''Heartland Monitor'' [http://heartlandmonitor.com/ poll] reveals that only 50% of small businesses are using social media.
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