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Businesses can now tweet about their products, company events, and organizations that the company is involved in, such as conferences and charities, to send information instantly to their consumer market. Customers can connect to businesses in a new way through websites like Facebook, MySpace, Twitter, and blog sites like Blogspot, LiveJournal, and WordPress. Through becoming an organization's "friend" on Facebook, customers can have a direct link to that company, establishing communication. Businesses can also utilize these sites to not only increase interest in their company, but also to gauge customer satisfaction with their product and gain valuable feedback.
The problem with social media is the very thing that makes it so appealing: its ability to reach so many peo
ple and draw interest. Social media can become a hungry monster, a wild beast; fueled by the public's opinions and interests, it can turn on a company just as easily as it can hoist a business up. The ability to post information that can be read instantaneously by millions of people, and subsequently influence other's opinions, makes it a potentially powerful marketing machine, or the Public Relations Department's worst nightmare. Remember, not everyone does the research to find out whether information on the Internet is true, which means that even if information is negative and false, people might still believe it. Jumping into social media is like grabbing a bull by the horns (although if you're careful and aware of the possible pitfalls, your company has the potential to profit exponentially from using these tools).
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