Looking back over many social media entities, the phenomenon began to flourish around March 2005 as a use in the business internet world.
This came about when Yahoo launched Yahoo! 360%.
Then My Space was purchased by News Corporation in July 2005.
As more and more people subscribe to social networking, it is constantly rising in popularity.
Social networking between businesses is boosting its popularity in the business world.
To build their brand images, many companies are turning to Facebook and Twitter.
Another major use of social networking is seen in college communities.
Students use these services to network with professional for internship and job opportunities.
Social networking is one of the least expensive ways of developing customer base.
The best way of making money is with repeat customers and having long- term relationships with them, and since there is no cost for advertising, social networking is very economical.
Social media will continue to thrive and its popularity will continue to be on the rise with the constant influx of on-line user today.
There are many on-line sites that cater to the needs of any one that is looking to exchange information or start up a business with information that is available worldwide.
Social networking is a new innovation that has its place with people of all ages.
With the advent of social media, any business, whether small or large, can play on a level playing field.
This is by far the greatest tool to come about in the modern marketing world.
Businesses today must embrace new media as the wave of the marketing future if they intend to ride the new technology wave into future profits.