"WHICH IS THE BEST PLATFORM FOR ENTREPRENEURS"?

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Greetings my dear steemian friends
How are you all doing, I guess everyone is okay, so I was going through different communities in my steemit account, then I came across this helpful contest "[WHICH IS THE BEST PLATFORM FOR ENTREPRENEURS" in Steem entrepreneurs by @mainuna]. Am so grateful taking part in this contest, the title is so helpful. Most of us are entrepreneurs, and as an entrepreneur or a business owner, we need to have an account to promote our business on social media platforms.

Most of our customers, business fans and almost 4.59 billions of people worldwide, are on social media, this means in order to reach them we need a better social media platform for our business. But which of all the platform is best for entrepreneurs? How does this platform helps and affect us in our day-to-day business?. That's why am here to share my thoughts on this, hope you find it helpful.

WHICH IS THE BEST PLATFORM FOR ENTREPRENEURS? AND WHY?

PIXABAY

There are a lot of social media platform in the Internet, but many people only knows about the most popular ones such as, WhatsApp, Facebook, Instagram, Tiktok, Telegram and Twitter. And this limit their existence in other social media platform. If am ask to mention the best social media platform for entrepreneurs I would recommend FACEBOOK, with reason.

Why

Among all those popular social media platforms I mentioned above, Facebook hits as most popular and well known platform around the globe. Facebook boasts approximately 2.8 billions monthly active users, this massive users base present an enormous opportunity for businesses to reach a wide and diverse audience.

Secondly, faceboook had this most potent features for entrepreneurs or businesses which is it's advanced advertising, you can create highly targeted ads campaign based on different factors like age interest a.t.c. This level of precision ensure that your marketing efforts reach the right people at the right time bringing positive improvement on your business.

MENTION THE ADVANTAGE AND DISADVANTAGE OF DOING BUSINESS USING SOCIAL MEDIA

Although social media can really help improve business there are also disadvantage as well as it's advantages too, now here are few of them:

ADVANTAGES

• INTERACTING WITH CUSTOMERS; If you have a business that regularly deals with customers, social media can be effective platform to interact and communicate with them.

• HELPS PROVIDE MARKET DATA: Another benefits of social media is that it's provides market data, as you post on your pags, you get to understand and listen to your target customes more.

• BRAND AWARENESS: Social media can help increase your brand awareness, the more individuals and customers sees your product and service on social media the more they will know about your business.

DISADVANTAGES

• CAN RUIN YOUR REPUTATION: The disadvantage of using social media is that it's can negatively affect business reputation even with a single error. With One foolish mistake you made, you can lose the trust and respect of your customers.

• TIME CONSUMING: Social media requires constant attention, and this consumed time for businesses especially when no one in particular is assigned to manage the several social media page you have.

• DIFFICULTY IN TRACKING ROI: It's may be difficult to track social media ROI (Return On Investment) and it's tough to determine when your business starts seeing increase in sale and profit after posting something on social media.

HOW TO DO BUSINESS USING SOCIAL MEDIA AS AN ENTREPRENEUR

PIXABAY

Through social media marketing, it's also known as digital marketing or e- marketing, this method of marketing allows you to share your brand online, by advertising them to your target customers.

You need to open a page in any social media platform that please you, create an ads which will help your target customers knows about the product or services you offers, also following market analysis which provides excellent details to help you understand whether certain products or services are really in demand with customers.

WHAT BUSINESS DO YOU THINK ARE PROFITABLE USING SOCIAL MEDIA, EXPLAINED YOUR OWN OPINION ABOUT IT

There are many businesses that gain profitability using social media, such as;

• MARKETING; Everything a brand does on social media to connect with users is a form of marketing or advertising, so it's logically follows that marketers would be proficient at using social media to promote their sales products which include, clothes, shoes online accessories like e-books music videos and much more.

Am quite sure that with my point of view you can see how useful social media has to entrepreneurs and serve as better platform for their business. With the right attention, and commitment any entrepreneur can reap the benefits of social media platform.

_{As I was opportune to take part in this beautiful contest, I would also like to invite my fellow steemian friends to participate;}
@kidi40
@bossj23
@creative.streams

BEST REGARDS @mainuna