Facebook: Great Marketing Tool or Annoying Distraction?
March 6, 2011 Leave a comment
Facebook: Good business tool or annoying distraction?
Facebook was introduced at Harvard University in 2004 and was originally called TheFacebook. Its core idea was to be a network for college students to communicate. Facebook has since grown to be one of the largest social networks on the web, at over 8 million unique users in the United States alone. (Yadav) Many thought that social media would fade away and become a dying fad but the truth is that Social Media, “in less than three years, has become the most popular activity on the web.” (Swartz) Facebook has found a way to facilitate engagement and connection between people like never before.
With these facts, it is no wonder many businesses have started exploring the use of Facebook as a business tool. However, there is huge debate going on in the marketing and corporate world as to the benefits and drawbacks of using Facebook as a way of connecting and engaging with customers. Many businesses have not yet embraced social media networking as a major component of their success strategy for a multitude of reasons. Some companies steer clear of Facebook because they feel it is a distraction to their overall goals, too time consuming, results can’t be measured, investing more effort than getting qualified buyers in return (poor ROI). Read more of this post