There’s a consensus in both the business and online communities that social networks will play an integral role in the future of commerce. As such, it’s important to establish an online presence for your small business now, while the industry is still young and you aren’t too far behind the curve. And as the king of social networks, Facebook should be one of the primary focuses of your online activities.

Although it started as a site purely dedicated to social networking, Facebook is constantly adding new features catered towards businesses, clubs and organizations. If you are just getting started, the fist line of business is to create a fan page. Note that this is different from a personal profile, and it’s an important distinction to make because the two profiles function differently and have different security options. A fan page will also provide you with analytical information that you can use as a gauge for how your strategy is working.

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An increasing number of budding entrepreneurs are turning to the internet as the catalyst for their business endeavors. Many recognize the low startup costs, minimal overhead and instant access to a global market and dive into an internet business headfirst, not taking the time to research their options thoroughly. Just as with a brick-and-mortar store, it’s imperative to do your due diligence to conceive a marketable product with adequate levels of supply and demand, establish a breakeven point and determine if you have the time, money and perseverance required to make your business a success.

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Despite the fact that social networking sites were originally created to facilitate communication between people around the globe, they have morphed into a powerful, free tool for business marketing. And since companies like Facebook and Twitter were founded in the United States, it’s natural to assume that Americans are the ones who are using these tools to the greatest advantage. But according to a new survey from Regus, the US actually is behind the global average when it comes to using social media to attract customers.

Just 35 percent of companies in the US say they have garnered new customers via social networking, compared to a global aver of 40 percent. The US ranks eighth behind established global players like Germany and China, as well as emerging economies like India and Spain. With 38 percent of small businesses and 27 percent of large corporations currently using social media, it certainly isn’t a secret here in the US, which begs the question: why are we so ineffective at using it?

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From small businesses to international corporations, everyone is looking to capitalize on social media to expand their clientele and promote their business. One of the main draws of various social media sites is the fact that they are free, which is pretty amazing considering Facebook alone has over 500 million users. As you can imagine, creating efficient software that performs flawlessly on this scale is a labor-intensive task requiring a full team of individuals. And since these social media sites are free, the obvious question then becomes how do these companies stay afloat, let alone turn a profit?

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Blogging about how to blog may seem like a conceited task, but the truth of the matter is that most people who blog aren’t utilizing the medium to its full potential. According to statistics complied by Technorati, there are an estimated 175,000 new blogs created everyday. Albeit a considerable number of these blogs never make it past the first few posts, that is still an astronomical amount of competition. So the challenge all bloggers have to confront is how to get their voice heard through all of the static. Here are some tips to help you do just that:

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Blogging is an indispensable tool for disseminating information, cultivating multilateral communication and promoting your business. But even if you are simply blogging for fun, we all like to know that are voices are being heard, which is why getting comments on your blog is such a rewarding feeling. And while it would be nice if only well-intentioned people interested in expounding a topic commented to your blog, the fact of the matter is that the vast majority of the feedback you receive will actually be spam comments.

Any blogger knows that creating a blog and writing fresh, relevant content is a time-consuming endeavor. And, not surprisingly, there are people out there looking to take a piggyback ride on your hard work. Instead of creating their own blog, other website owners will add a comment to your site with a link back to their business page. Not only is this a bastardization of the purpose of the comments section, it also can have a negative impact on your blog. As we mentioned in our previous post on search engine algorithms, your inbound and outbound links are a crucial component in search engine algorithms. So if you have a surfeit of spam comments linking to shady sites, it doesn’t bode well for your blog’s ranking in the various search engines.

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Anyone looking to rank highly in the search engines needs to know a little bit about algorithms. I know, this sounds like some sort of esoteric calculus equation used exclusively by astrophysicists, but it is actually the heart of all search engines. Although there is some discrepancy as to the precise definition of an algorithm, it’s basically a method for solving problems using a precise sequence of instructions. Flowcharts provide a good analogy.

When you go through a flowchart, you are asked a series of questions and eventually led to some resolution. This is essentially of microcosm of an algorithm. Each search engine uses dozens of “signals” to comprise their algorithm, including variables such as a website’s speed, content and inbound links. As you can imagine, sites like Google, Bing and Yahoo! are constantly updating, augmenting and refining the signals used in their algorithms to ensure users are presented with the most pertinent information.

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By now you are (hopefully) well aware of the immense benefits social media integration can bring to your business. But since social media is free in most cases and information is readily available, chances are that your competition is attempting to implement the same marketing and networking tactics. The question then becomes how to differentiate yourself and your business. Here are a few tips for getting your voice heard on the social networks:

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On Monday we touched on the importance of establishing your small business on the various social networking sites and in the blogging community. But setting up your accounts and creating new, unique content is only half the battle. Once you have the tools in place, you must be proactive in order to grow and expand your presence on the internet.

According to a recent Nielsen study, users spend 22% of their time on the internet engrossed in social media sites like Facebook and Twitter. And remember, this isn’t just users in the United States—this is on a global scale. In addition, three out of every four people who go online will visit a social network or blog. If you take just one thing away from these statistics, it should be that people are increasingly turning to social media.

Although social media was originally viewed purely as a source of entertainment and interaction, it has morphed into a perceived source of reliable information. (more…)

Despite its unequivocal position as the latest fad in business marketing and an immense legion of business execs and media sources touting its merits, a recent study shows that small businesses aren’t capitalizing on social media. While large, well-established corporations have jumped on the social media bandwagon with unbridled abandon, small- and medium-sized businesses appear reluctant to adopt this marketing trend.

According to the 2010 Business Monitor United States report, just 24 percent of small and medium businesses have generated sales through social media, and less than 1 percent cited social media as the dominant factor in promoting their business. Instead, companies have continued to utilize somewhat antiquated means of attracting customers, including old-fashioned word of mouth, networking events and traditional advertising. This aversion is quite surprising considering the ample amount of information and resources for implementing social media advertising  currently available to business owners. (more…)