Recent research studies have indicated that 81% of the startups (small and medium businesses) SMBs regularly have their presence on social platforms in order to grow in their respective business industries. Findings further spill that 94% of these business units using social media do so for the marketing purposes.
Apart from this, the study carried by world’s largest professional socializing platform “LinkedIn” has also calculated the growth percentages of ‘hyper growth’ companies. These are concerns that express a notable raise in their profits on a constant year on year basis.
Of the hyper growth companies using social media platforms; 91% use social media for creating general awareness about their brand all around and whereas, 82% of these companies found fresh leads hence growing their business constantly. Social media platforms have seriously raised the standards of new found companies as one third of such concerns have at least doubled their spending for activities on social media.
This is very encouraging news for social media platforms as they are certain to capture massive database regarding latest trendy businesses. Social platforms provide utmost value to the new small and medium business units as it is too hard for them to market their brand, win clients and retain them for a longer period. However, they are able to complete this process with effective social media assistance.
Going by the shares, Facebook seems to top the chart with 25 million businesses having their active pages on the social platform and more than 1 million advertisers.
Twitter for its part in its attempt to reach for smaller advertisers has expanded its self-promotional platform in Canada, Ireland and UK. LinkedIn had recently contracted with a renowned market research firm in order to survey the results. Not all who surveyed from the 998 SMBs used the professional platform on the Internet. It is essential to know the yardsticks for businesses: companies having revenues between $1 million and $9.9 million are segmented under as “small businesses” category and those posting revenues from $10 million and $49.9 million are termed as “medium businesses”.
Apart from this, the study carried by world’s largest professional socializing platform “LinkedIn” has also calculated the growth percentages of ‘hyper growth’ companies. These are concerns that express a notable raise in their profits on a constant year on year basis.
Of the hyper growth companies using social media platforms; 91% use social media for creating general awareness about their brand all around and whereas, 82% of these companies found fresh leads hence growing their business constantly. Social media platforms have seriously raised the standards of new found companies as one third of such concerns have at least doubled their spending for activities on social media.
This is very encouraging news for social media platforms as they are certain to capture massive database regarding latest trendy businesses. Social platforms provide utmost value to the new small and medium business units as it is too hard for them to market their brand, win clients and retain them for a longer period. However, they are able to complete this process with effective social media assistance.
Going by the shares, Facebook seems to top the chart with 25 million businesses having their active pages on the social platform and more than 1 million advertisers.
Twitter for its part in its attempt to reach for smaller advertisers has expanded its self-promotional platform in Canada, Ireland and UK. LinkedIn had recently contracted with a renowned market research firm in order to survey the results. Not all who surveyed from the 998 SMBs used the professional platform on the Internet. It is essential to know the yardsticks for businesses: companies having revenues between $1 million and $9.9 million are segmented under as “small businesses” category and those posting revenues from $10 million and $49.9 million are termed as “medium businesses”.