THE GROWTH OF BUSINESS THROUGH SOCIAL MEDIA


Be it ‘communication ‘or ‘growth’ the word ‘online’ structured life into a tranquil and facile manner. Social Media: A wave that has reincarnated itself into tsunami. The Internet is such a persuasive mode of transmitting information, so much so that any other medium semblance is inefficient in comparison to the huge World Wide Web. Social Media has become a powerful way for businesses to create their goodwill and to emphasize their prospects and customers in an effective way. Let’s look at how and why the social media has affected the businesses and what plan it has in store for the subsequent years.
The diffusion of World Wide Web assists businesses to gloom rapidly and somehow it incorporates itself into a very basic necessity of any business sector. In order to ascertain factors that fabricate social media into existence, let’s take a quick look at its most ubiquitous data conduced by Forbes earlier this year: 55% of people buy products after finding out about them on social media. Influencers on social media have proved to be extremely profitable for any business entity. Organizations that do not comprehend social media platforms as quintessential: need to interpolate more time and money into their specific social media branding approaches that represent them and their unique target audience. With the amplification in the overall population, people tie up on social media in order to utilise its tactics efficiently and effectively. This industry is going to become significant, volumetric and impactive in the coming years and of course, the waves of social media are not going to end soon.

In order to survive and compose itself into an eminent and famed entity, every business should utilise its social media resources without missing out any of the quantitative approach.
Undoubtedly, in the upcoming years every business needs a presence on social media platform. Staying on top new channels and trends requires a lot of hard work, perseverance, dedication and investment of time.

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Do you ever wonder which particular social media platform my business should depend on?” It is definitely a tricky question! Just focus on three key things:
1. Are you giving your services to B2B, B2C or both?
2. What exactly is your target audience?
3. State your overall goal.
If you are successful in penning down the answers to these three questions, it’s relatively easy to bring it down to 2-3 platforms that you should dedicate your time to. P.S: Until you have a big team to manage your all social media platforms, focus on only 2-3 platforms with great consistency.
After all these explanations here comes the answer to the question- how social media has used its dominance on the growth scenario of businesses?
Instead of just being one relay point out for many, social media amalgamates quickly and easily in the process of buying and selling. The user-generated content is a big mileage to drive greater engagement. Facebook and Instagram lead the way with product discovery rates, coming in at 78% and 59% respectively with regards to number of users finding out about new products, with 11% of those people buying immediately and 44% buying it later, which are very impressive conversion rates; as stated in a research by Forbes. 
With the touch of social media, not only the probability of getting higher growth rate has increased but also the connection with the customers has improvised along with the reach to potential customers at a brand new level.
Social media is not the new kid on the dice now, it’s growing faster than anyone could have ever imagined. As more and more businesses successfully connect with the social media platforms, their route of social media advertising for promotions and selling products and services get successful, they make a statement that this route for high growth totally makes sense. Here’s how and why:
For the easy illustration, here are some statistics that prove the importance of social media in businesses:
• According to an infographic published by Ambassador, 71% of consumers are more likely to recommend a brand if they have a positive experience with it on social media.  
• The number of adults using social media has increased from 7% in 2005 to 69% ten years later.
• Social media applications used on mobile devices appreciates a 30% growth every year.
• Last and the most prominent, approximately 2 million businesses use Facebook advertising for promotions.

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Social media and its advantages are here to stay for a long, long time. Here are some more insights:
1. Lower costs: As compared to traditional platforms such as print, radio or television social ads, they are more dependable and cheaper. You don’t have to invest a lot of money to reach out to your audience. Moreover, you are free to engage with your customers on various media platforms and if required you can also go deep by scaling paid ads. You are no longer bound to any long process or high costs to reach to your target audience. The best advantage of this new wave is you can freely grow on your own, and specifically at your own pace.  

2. Targeted reach: Well, here is the best point about why social media is much better than any other form of traditional media. The primary reason being that media simply does not give you all the luxury to sit in one place and approach all your target customers the way social media does. That is why social media has gained all the momentum in such a short span of time. While the offline and traditional media are equal to the blind approach where you are not even sure of your returns, social media can easily make your returns accessible with just a click of your mouse. With the usage of social media, you can approach your prospects, easily convert them into your leads and also keep a track record of them.


3. Analysis: To keep a track of your functions, improvising is important. If you are going ahead, will you be able to find out whether your plans are working out or not? Maybe yes! Social media platforms directly allows you to keep a track record of everything right after you run any campaign. You are able to change anything anytime and can instantaneously follow the results.

4. Create conversations: No matter what, we all know that social media is all about building great conversations. And by these mediums you not only grab the attention of people but by engaging, commenting, conversing and tagging, you can easily set a personality in the mind of others. This will indirectly help your business in boosting its personality and assist in fostering the growth.


5. Build Authority: Every person in this world is somehow connected to these social media platforms. If you were once involved in the process of high engagement, you have set your position in the minds of your customers. And that will indirectly build your authority in the mind of your potential customers. If you want real credibility then post and share something original and new; and that is how you build a new track away from the herd.

6. Satisfy customers: Retaining an existing customer is the basic motive of every business. And that is why customer satisfaction is the only motto of any business. By using the social media platforms you can easily take care of your customers (their problems, their needs, their preferences and choices). Make your customers happy by providing the customer services they want and no one can stop the growth rate of your business. What else could be better than social media for achieving your motives and goals? From a very small necessity to a large and deep analysis, everything is been served by every social media platform.

Social media has its own significance in enhancing the business sector at a very high speed. Social Media dominates the entire industry and it is not the new kid on the dice now.
It has its own statement of influencing the entire world. Similar to trust, social media is the fundamental element of business that can never be separated from it.  The tactics of social media are more qualitative and if used effectively they can really serve as the good medium to make businesses grow and stand out. Irrespective of the nature of the business, social media bandwagon is one such crucial element without which no business can survive and grow in the long run.