Benefits of Social Media On: Businesses

It is obvious by now that social media has taken over the way that people and companies advertise and communicate, but how? The changes are significant and have their benefits. In this three-part blog series, I will be explaining the benefits of social media’s influence on three major subjects: visual media, music artists, and businesses. These posts will hopefully be informative to those who don’t know about the benefits in relation to these topics, as well as entertain those who do know the benefits, and hopefully teach them something they don’t know. 

Welcome!

Over the course of the last two posts I talked about the benefits of social media on visual media and music artists. This time, I will explain how social media benefits startups and existing businesses.

The rise of social media has created a new way for businesses to market themselves in clever ways while simultaneously reaching a wide audience, for relatively low cost. Matt Risinger, a sort of building scientist, discovered the advantage of using YouTube to promote his business. As quoted in The New Rules of Marketing and PR, Risinger said,”I didn’t get huge traction at first, but I kept going. Even though I might have only 300 views on a video, one of those people watching might be an architect in Austin who would say something to me. Or maybe it was a potential client who watched before they interviewed me for their project. They felt like they knew me at a meeting—even though I’d never met them before—because they could watch a video of me. I got enough feedback that made me realize this was worthwhile” (Scott, 2017 p. 97). This is a textbook example of how video content can benefit a business. Picking this quote apart, we not only see that video content is obviously helpful for visually showing off a product or service, but it can be used to instill a feeling of confidence, or credibility for the business and its people. Risinger started out with a cheap camera and little viewers, but now has a larger audience and much higher quality video content.

By now it is not too difficult to figure out how businesses can exclusively benefit from social media, but Business2Community.com mentioned one benefit that maybe isn’t everyone’s first thought. This benefit is called competitive analysis, and this is what Dhariana Lozano of Business2Community.com has to say about it: “You can use social media to target your competition’s fans, see what they may be doing that you can improve on – or simply identify ways to stand out within your industry” (Lozano, 2016).  This is an interesting angle that seems only achievable on social media, where all marketing is focused and public.

There obviously are more advantages for businesses who utilize social media, but I covered a couple here in this post.

It is east to see how much social media platforms have positively affected many people and entities such as visual media, music artist, and businesses. I hope that over the course of these posts, you have learned something and have a positive outlook on social media.

Thank you for reading!

Sources:

https://www.business2community.com/social-media/10-key-benefits-social-media-business-01461178

The New Rules of Marketing and PR: 6th Edition by David Meerman Scott (2017)

 

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