Not long before when large brands started reaping profits, small companies raised their heads to this phenomenon called Social Media. Social Media Marketing that was once seen as off-bounds for small businesses has finally caught the fancy of small business owners. Its about time that they have realized social media is “one size fits all”. So, simply put it, any SME can experiment and create their formula to leverage their business potentials. In the competitive economy that is India, social media could be the biggest differentiator between competitors. Its becoming more evident by the day that every company is finding its unique recipe. ..and breaking the social beat!

Marketing has completed a full circle with social media. It started with making products customized to the needs of the consumers, then with the modernization of industries consumers were happy with what they were being provided for by the companies. With the advent of Social media, customers want a say in the products being offered to them, whether they are small businesses or large. Thus bringing in the importance of small businesses to reach out to their customers to understand their needs and build a rapport with them.

I have provided examples of some small businesses who have had a complete turn around  with the use of social media. Lets take a look and re-use the success formula:

@coffeegrounds a simple coffee shop in Houston has doubled its visitors by simply engaging with their consumers online on twitter. Cordial interactions with consumers has led this coffee shop dealer to increase their customers twofold. Twitter provides a whole new platform to any business that are willing to take out time to get in touch with their consumers that will eventually lead them into a lifelong relationship of loyalty and trust with them.

Key Take Away: Small things make big impact …..start your twitterate..tiny but big steps!

Another example that best describes what I am explaining here is that of @zappos is an online retailer who led corporates to use twitter. This explains their stupendous success with social media. Their gregarious interactions with customers online and readiness to help is the reason why they have been a phenomenal success in social media.

As rightly quoted by Tony Hseih- “Zappos.com is a service company that just happens to sell shoes”.

These are just two examples in small business social networking success as more and more small companies enter this arena there will be more social media success waiting to be accoladed on blogs and other social media forums.

I am curious to know your social media success formulas are..Do write in and I would love to add yours to this Small Business list with full credits to your success story…!

Follow us on @iridiuminter or my personal twitter @sbharatam.

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