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Findings from the Largest Business Social Media Study Yet


Facebook is Dominant Among Businesses Too

Business.com released some findings from a study of about 3,000 North American business professionals to identify trends in social media use. The company calls it the largest study to date of social media use by business professionals.

"We are constantly analyzing trends to determine exactly what tools business professionals leverage most for purchasing," said Ben Hanna, Ph.D., vice president, marketing, Business.com. "This survey was a way for us to benchmark where businesses, and business people, are finding value in social media in order to further enhance our site offerings and better serve our users."

Findings from the study include:

- Webinars and podcasts are used by 69% of those who turn to social media channels for business information.

- Facebook is the dominant social network on which consumer-focused companies maintain one or more profiles, cited by 83% of respondents versus 45% for Twitter. Business-to-business (B2B) companies, however, maintain a presence on both platforms with 77% maintaining a profile on Facebook and 73% on Twitter.

- Among respondents using social media for business purposes in their day-to-day jobs, 62% visit company or brand profiles on social networking sites and 55% search for business information on these sites.

- Consultants and marketing communications professionals are the most active users of social media as a resource for business information, particularly in micro (<10 employees) and small businesses (10-99 employees). IT professionals have the lowest participation rate.

- Both companies and employees are scaling a massive learning curve with social media.

- The average company in this study was planning, developing or running seven different social media initiatives; 65% of respondents staffing those initiatives, and 71% of companies themselves, have less than two years of experience with social media for business.

- Building brand awareness and brand reputation are two of the top social media success metrics, but nearly two-thirds of companies focused on these metrics have little to no insight into performance via standard or easily accessible reports.

The survey was conducted online from August 11 to September 4, 2009.

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About the author:
Chris is a content coordinator and staff writer for SmallBusinessNewz and the iEntry Network. Subscribe to SmallBusinessNewz RSS Feeds.

Comments

The use of social media is

The use of social media is the best way to reach out and engage with your customers, and we're not talking about seo, but just thru word of mouth via social media.

Complete study available on Business.com site

Thanks for the coverage, Chris. Interested readers can download the complete 2009 Business Social Media Benchmarking Study report from http://www.business.com/info/business-social-media-benchmark-study Enjoy!

RE: Complete study

Good research Ben. Thanks!

It can be tricky...

I've been using social media to market my safety and secuity web site for some time now. It's a bit tricky and hard to track conversions but it's free and helps you stay in touch with customers so I'd say it's worth the time and trouble to figure out.

Agree social media marketing can be tricky

Yes, social media marketing can definitely be tricky - the most difficult parts are identifying the best opportunities to reach your target customer through social media and then separating fact from habit/fiction when you pursue social media initiatives.

If you're marketing your safety and security solutions to small businesses, you might also be interested in the small business social media version of our report - "Engaging Small Business Decision Makers Through Social Media". You can download it from http://www.business.com/info/engaging-small-business-through-social-media.

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