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Overview of Social Networking

Introduction
- A social networking website brings together
people in a virtual online community. The largest of these social networking
sites are Facebook, Bebo and MySpace which attract millions of visitors per
day. The main functions of a social networking site are to allow users to
communicate with each other throughout shared member functions such as a
webpage, chat, video conferencing, e-mail and blogs. Once registered with a
social networking website, members can contact each other depending upon their
interests and needs. Online 'friends' can be created (even though these people
may not have even met before). Most social networks prompt new users to
register and create a profile explaining who they are, their interests and
preferences, upload photos and invite others to join their 'group. By
searching through and browsing other member 'profiles' friends can be 'added'
into 'groups'. This functionality also provides the ability to reject
friends from the group just like the normal socialisation as groups form in
the real world.
How Can Businesses Profit from Social Networking? -
Social networking originated as a teenage
phenomenon and rapidly spread to all age groups across many geographic
boundaries as well as areas of collective 'interests' including religion,
business, politics, fan clubs, special interest groups, dating and
relationships. For entrepreneurs, and business owners, social networking
provides a tremendous opportunity to sell by the power of recommendation; For
small businesses, the power of recommendation (via a social network) can be
exploited in the following ways:-
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Setting Up a Virtual Interest Group - by creating an interest group
including articles and video related to issues facing your prospective
customers, members of the network will find your group. Most social
networks have advanced search features that allow members to find groups and
recommend that group their their online friends. Beware that negative
endorsement is just as contagious as positive glowing references. As the
group grows in size you should post details of forthcoming events and may
discover group members telling other virtual friends outside your group about
your announcement.
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Encourage Sharing Information - by encouraging existing customers to
visit your Interest Group within a Social Network customers can exchange ideas
with other like minded customers electronically. With less and
less free time, individuals can share experiences using the network, (without
having to travel to costly 'user forums', 'workshops' and seminars where
social barriers sometimes meant less confident people might not participate).
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