As social media's adoption continues to grow in the consumer market, B2B companies are also now incorporating Twitter, Facebook, LinkedIn, wikis, and other collaboration tools into their business.
Social media tools for business started primarily in the marketing department for promotions and customer communications. Then companies like Comcast, Dell, and others began to use social media as a customer service tool, with positive results. The next logical step is to extend social media tools into the sales organization.
A recent study of more than 1,500 consumers by market research firm Chadwick Martin Bailey and iModerate Research Technologies found that 51 percent of Facebook fans and 67 percent of Twitter followers are more likely to buy the brands they follow or are a fan of. "While social media is not the magic bullet that some pundits claim it to be, it is an extremely important and relatively low cost touchpoint that has a direct impact on sales and positive word of mouth," says Josh Mendelsohn, vice president at Chadwick Martin Bailey.