The biggest constraint that any small business encounters in its initial stages is advertising and promotion budget. The unavailability of funds immobilizes small business owners to launch their company identity through proper promotional campaign. What good is your business logo when it is not evident in the market?

Overcoming the budget constraint!

Lack of media exposure is a prime reason that small business owners fail to initiate their business. In this overcrowded world of media coverage, it is imperative to make your business identity noticeable. Social media is especially helpful in this cause for small business owners who do not have sufficient funds to raise an advertising campaign. In simple terms, social media helps small business in getting heard. It is the cheapest form of promotion.
With the increase in consumer awareness, it is essential for businesses to establish their names in the market. The mindset of consumers has changed drastically over the years. People nowadays emphasize on the brand name rather than the product itself.

The statistical facts:

Common sense apart, there are statistical evidence to proof that social media is gaining popularity among small business owners as well. Recently, The University of Maryland’s Smith School of Business in collaboration with Network Solutions published the Small Business Success Index (SBSI). It is a study that discloses the degree to which small businesses are accepting social media. According to the report, social media adoption among U.S. small businesses doubled in the past year from 12% to 24%.

The report follows a list of extensive figures. Following are the rest of the interesting facts of the study:

• 75% have a business page on a social network site like LinkedIn or Facebook.
• 69% enthusiastically post status updates and articles of interests.
• 57% are building networks through sites like LinkedIn or Facebook.
• 54% monitor customer feedback of their business on social networks.
• 39% run a blog on their area of proficiency or interest.
• 26% tweet information related to their area of interest or knowledge.
• 16% use twitter to provide customer service.

Social Media – Time to embrace:

With all logical and statistical information, it is evident that social media is the best tool in bolstering the image of small businesses. Social media is like a great conflagration that sprawls over the blogosphere within minutes. It spreads out your business information within the blink of an eye. Hence for those who haven’t yet embraced the blessings of social media should start using it right away. The results will be evident within days.