Know about how Facebook impacts on business today to increase your business growth by encouraging existing and potential customers
Facebook was the first to break the Internet. They defined the term social media as everyone knows it. Companies that adopt technologies incorporating social media have seen a 50% rise in sales, 48% increase in lead generation and 48% increase in revenue after Facebook came into existence. Here are some of the Facebook impacts on business –
The best start to a business
Facebook offers the best platform for starting a business. It has the widest customer base and with the right tweaks in audience selection, the best results can be instantly achieved. There are 1.19 billion users who use Facebook every day. Just having your ad live for one day can create wonders for you!
Expenses go down down down!
Your expenses on marketing go down like a rock in a pond. Advertising on print media involves a lot of costs which can be completely eliminated by using a two step process: create and upload.
- Sponsored posts, Facebook stories and a whole lot of other features add to the Facebook impact on business.
Know your customer
Facebook lets you analyze the web traffic. This means, you can see what you have achieved in a tangible manner. You can mess around and find out the demographics of your followers and then fine tune ads based on their likes and dislikes.
To bigger and better things
Facebook can be used as a stepping stone to your website, which is the real business place. The more brand loyalty you create, the more customers you get. The more customers you create, the more recommendations you get. And the more recommendations you get, the more brand loyalty you create. And so on and so forth.
One place to do it all
With Facebook, you don’t need to program a separate mobile page. You don’t need bootstrapping and you don’t need to make web-pages screen compatible. It’s already done for you.
Watch your enemies
You can watch your competitors as they grow or shrink. It is kind of watching stock markets. You can check who is going up and who is almost neck to neck with you.
If you don’t have a website, and you do not want to go through the hassle of building one, Facebook is the best way to start. It is going to generate revenue for you to sit back and pay for someone to make your website. There are plenty of businesses that run only on Facebook. And they are all way above water. Facebook is not just a way to socialize with long lost high school friends. It is a powerful tool to do business too. It solves the basic problem of Customer Outreach with a single click. Throw in a little money, put in a little effort and watch as your business grows like a weed.
In the end, Facebook is a Goliath that is here to stay. It will never become obsolete and will never be ignored in the near future. Mark Zuckerberg may take off, but this company is here to stay. As long as people still want to be friends, businesses will thrive and such is the Facebook impact on business!