Question

Process of collecting the data required to answer the research question:

Research question under consideration is “How can social media aide in small business profits”

The Data Analysis Detail assignment combines two functions. It describes how you analyzed your data and also includes what can be called "findings". It should report and describe the data you have discovered in the examination of data collected.  It differs from the conclusion in that you do not make judgments or make assumptions when reporting the results from your data analysis. You report and describe.

The analysis might be as few as 1 page or as many as 5 pages depending on the volume of data you collect. It is written in academic style with no level of hyperbole or emphasis as to whether the data is either"good" or "bad".

Answer 1

Every business today has a website. If you didn't know this, you've probably been living under a rock for the last decade. However, it is almost impossible to stand out or be noticed in the online world without a solid strategy, especially for small online businesses.

Creating a website for your business does not necessarily mean that you will increase sales and increase your profits. You still need to find the right person to access your site. But again, just because you have a website doesn't mean guests will start playing.

To increase the traffic of your site, you need to promote it in some way. And what better way to promote your brand and website than through social media. Social media can give your brand an online identity presence and this will give your target readers a way to reach your site.

It can give you valuable insight into the customer.

One of the few things that will make any online marketing strategy successful is the company's ability to meet the needs of its users. Their likes and dislikes, their expectations and criticisms are all important data. Your ability to effectively collect and deal with them can mean the difference between success and failure in your marketing efforts.

Social media not only provides valuable insight into current ways of thinking in specific demographic markets. It can also serve as a bridge that will connect a business or brand entity with its core customers. This is what social media can do for you and your brand.

  Lets you transfer your business to international markets.

The best part about the internet is that it helps break down geographical boundaries. And social media is a tool that enables users to cross the border. Even if you run a small business, you can still promote it on the international market just by taking advantage of social media.

Through social media platforms such as Facebook, Pandas, and more, it is easier for local businesses to turn global into a nightly practice. Obviously, not all small businesses want to do business internationally. It's not always a good solution to make the most of your profits, but the fact remains that if you want the way there. You just have to find the right approach.

This can help create interest in your products and services.

Advertising has always been the most effective technique to engage audiences interested in specific topics, whether to raise awareness or get consumers to try out new products or services. But advertising is no longer limited to TV, radio and print.

In this age and the Internet has become an important catalyst for all kinds of advertising, with social media being the main vehicle. Through social media, promoting a specific business, product or service is cheaper, easier, and more effective. And it is very effective as long as it is accurate and tasty.