Social Media: The Good, The Bad & The Money
Saturday, July 19th, 2008The past few posts I’ve been focusing my research and attention on the phenomenon of social media. I have to admit it fascinates me, but the goal of course is to make it work, from a business stand point. How can online social networking help your business? And how do you choose from the hundreds of sites that make this available?
I’m going to deal with a number of well-known sites, each one I have reviewed in the last few weeks. Now I’m going to list out each service’s pros and cons so they can all be compared.
Pros:
- Networking Intensive
- Open and chatty community
- real time answers.
Cons:
- Time intensive
- Navigation not intuitive
- Leans towards the internet savvy
Pros:
- Great way to “poll”
- Close to Real Time but simple to use
- Ability to automatically feed blog posts
Cons:
- Too much down time
- Often Tweeple are more interested in getting follower than networking
- Superfluous information
Pros:
- Community Opportunity
- Clean Profile look – user friendly
- Ability to create applications, events and blog posts
Cons:
- Audience not “marketing” friendly
- Networking more social
- Ability to be tagged in notes and images that may not be work appropriate
Pros:
- Massive Audience
- Forum opportunity
- Widely-Accepting to advertising
Cons:
- Spammy
- “Bathroom wall of the internet” – reputation isn’t great
- Friend Collectors instead of clients
Pros:
- Simple, Clean, Business-friendly
- Opportunity to get business feedback
- Chance to get reviewed by clients
Cons:
- People may “reject” your link because they don’t remember you
- Many users don’t check-up on their profile regularly
- Not all people network with others they actually know
Pros:
- Viral effect for blogs
- Simple way to get noticed
- Easy to use
Cons:
- Many people “digg” things because their friends do, not because they like it
- Hitting the front page of Digg has been known to crash websites from too much traffic
- Millions of submission to compete with
Pros:
- Easy for any website
- Allows for site indexing
- Allows for reviews and keywords
Cons:
- Takes a little more time
- Can be bad for niche sites with advertising
- Allows the opportunity for people to rate you negatively
Pros:
- One of the longest standing Social Bookmarking sites
- Allows you to import bookmarks
- Ability to share of keep private based on user needs
Cons:
- Usefulness is merely just an extra link without good user connections
- A hassle without a toolbar extension
- Format is not instinctive
Are there any other social media sites you’d like to see reviewed and added to this list? Let me know what business tools you use.












