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How can social trend affect a busines?

User Sevenate
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1 Answer

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26 votes

Answer:

Social trends affect startup businesses in three primary ways: how they build relationships with customers, how they design products, and how they make internal decisions.

Step-by-step explanation:

Social media has multiple positive impacts on business in terms of brand recognition, customer engagement, revenue, and customer service. It also is a great tool to evaluate your competitors and how they are using social media for their growth. The more your business knows about the social trends that affect your community and your industry, the better you'll be able to target your marketing efforts and tailor your products to fit a shifting landscape. Some social trends, such as immigration, influence the demographics of your customer base so you may be working to appeal to a different pool of neighbours than you appealed to a decade ago. Other social trends, such as almost universal reliance on smartphones, influence the behaviour of potential customers, forcing you to develop tech-savvy marketing strategies. Whatever the trend, it's best to learn and adapt while also staying aware that these trends will continue to shift, making new innovations eventually outdated.

User Foamroll
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