One has to wonder if it is even worth learning how to use social media as part of online marketing for your small business. I've asked myself that very question. But the fact of the matter is, we are using social media to spread content on the internet. Our small business online marketing plans revolve around content and have the goal of converting new users into customers. So should we care how these companies are performing as a stock?
Well, if you invested in these companies then heck yea you care! But otherwise, if you are using them to market your small business and take your content viral, then no, you shouldn't care. Social media companies stock value and the value they bring to your small business's online marketing plan are two different things. The stock value is a result of the supply of the stock vs. its demand. There was a lot of hype running up to these companies going public, and for good reason. Social media is awesome. It has changed the way people communicate. As long as people have a use for it, social media will exist. Okay, okay, enough financial talk. The fact of the matter is that people expected too much of these companies too fast, They are in their infancy. They will learn to monetize their users as time goes on, but for now, as small business owners, we only need to worry about how social media allows us to engage in online marketing.
As we have discusssed before, if you get one customer to "like" you on Facebook, +1 you on Google+, or follow you on Twitter, your business is being exposed to all of their friends. Their friends are then more likely to come to your business or at least check it out online. This is so much more beneficial then traditional marketing. With traditional marketing your brochure, radio ad, commercial, or mailing stops at the end user. But, with online marketing, there is no end user. Your content continues on and on as long as there is one more person out there that has a need or want for your content.
So put the social media companies as stocks on the back burner, focus on what the social media companies themselves can do for your small business's online marketing plan. Take the time to learn how to use social media, start slow with one or two accounts, then if you have the time and expertise add some more. If you need help, as always, feel free to Contact Innovative Ad Solutions LLC with your questions.