"Which is the best platform for entrepreneurs? "

Warmest Greetings to my fellow steemians around the globe, I am @owulama a Nigerian and I am so delighted and glad participating in such a wonderful contest organized by @mainuna titled :
"Which is the best platform for entrepreneurs? "

Entrepreneurs are people who take up the risk of starting up a business with the sole aim of profit maximization.

Entrepreneurs can be referred to as innovators, cause the usually comes up with completely new ideas to start up a business. They plan, organizes, manages, control, and assumes the risk of the business by themselves.

Which is the best platform for entrepreneurs and why?

The best platform for entrepreneurs is the social media platform such as Facebook, Twitter, Instagram, telegram, YouTube, Tiktok etc. Why because,

It serves as the most fastest, powerful and easiest means of advertising and marketing your products and goods. Using social media platform for advertisement and marketing of your product, it will make your products go viral i.e it will increase your Brand awareness and foster more sales.

Social media platform also helps entrepreneurs to reach a more wider audience than ever before, you will be able to interact directly with your customers and you will be able to know what your customers think about you and your product.

All this and many more reasons are why I said social media is the best platform for entrepreneurs.

Mention the advantages and disadvantages of doing business using social media.

Advantages of doing business with social media are;

1. It provides you with better marketing and advertising opportunities.
2. It allows businesses to reach a wide and vast audience, it also makes brands to be well known and exposed.
3. It's very easy to access and also affordable.
4. You get connected with others businesses, which is a great way to increase your reputation.

Disadvantages of doing business with social media are;

1. Negative feedback or comments from the customers on the social media platform can be harmful to the product reputation, therefore it need to be handled with carefulness.
2. Handling multiple social media platforms for business is really time consuming .
3. High chances of embarrassment, because post easily go viral on social media.
4. It's difficult to master.

How to do business using social media if you are an entrepreneur?

As an entrepreneur when you want to use social media for business, this is how to do it..

First and foremost ensure you have a social media account i.e ensure you create a personal social media presence.

You also need to know who are your customers in order to be aware of the appropriate and right social media platform to channel your energy and resources to in order to grow your business fast and easy.

Ensure you post relevant content always in order to capture the minds of your viewers and customers.

Always interact with your customers and ensure professionalism maintenance.

Reflect your brand identity properly etc.

What businesses do you think are profitable using social media? Express your own opinion about it.

There are a lot of businesses that are profitable using social media platform some of this business includes Selling of clothes, shoes, bag, food sellers etc, and lot more businesses can be profitable using social media because you don't necessarily need huge capital to use social media platforms to promote them. With little capital, you can start up this businesses as well as marketing and advertising them.

I invite @hayleydemi, @edgargonzalez, and @hive-168205 to join this contest.

Thank you all for reading through my post.... I am grateful🙏🙏🙏

@Owulama🤍🤍