The Impact Of Social Media On Consumer Behavior And Its Implications For Business Growth

Social media has had a significant influence on consumer behavior and corporate growth since its inception in the late 1990s. Mostly used websites like Facebook and Twitter, which transformed online communication and information sharing, were made possible by early platformes like Friendster and Six Degrees. Social media became even more accessible as smartphone usage increased in the 2010s, which fueled the growth of influencer culture and brand communities. Peer reviews and genuine voices are now trusted by consumers, which has shifted power away from brands and highlighted the value of real-time feedback and tailored marketing. Improved customer relationship management, better marketing techniques, and insightful data have all resulted from this evolution for firms. Through direct audience engagement, improved brand reputation management, and market exploration, businesses can propel growth in a highly competitive environment. The advanced function of social media in shaping consumer behavior and its ensuing effects on corporate success are examined in this article. Social media's ongoing development is changing how customers find, assess, and buy goods. Through an analysis of recent data and trends, this study demonstrates the ways in which social media influences brand loyalty, purchase decisions, and general consumer participation. According to the research, companies that successfully use social media can improve their market visibility, cultivate clientele, and increase revenues

Authors

Publication Details

Journal
IOSR Journal of Business and Management
Published
2024-10-01
DOI
https://doi.org/10.9790/487x-2610163034
Primary Topic
Digital Marketing and Social Media
Type
article
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0.00
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article

The Impact Of Social Media On Consumer Behavior And Its Implications For Business Growth

Rajiv Kumar Garg
IOSR Journal of Business and Management
Digital Marketing and Social Media
article

The Impact Of Social Media On Consumer Behavior And Its Implications For Business Growth

Rajiv Kumar Garg
article en

Abstract

Social media has had a significant influence on consumer behavior and corporate growth since its inception in the late 1990s. Mostly used websites like Facebook and Twitter, which transformed online communication and information sharing, were made possible by early platformes like Friendster and Six Degrees. Social media became even more accessible as smartphone usage increased in the 2010s, which fueled the growth of influencer culture and brand communities. Peer reviews and genuine voices are now trusted by consumers, which has shifted power away from brands and highlighted the value of real-time feedback and tailored marketing. Improved customer relationship management, better marketing techniques, and insightful data have all resulted from this evolution for firms. Through direct audience engagement, improved brand reputation management, and market exploration, businesses can propel growth in a highly competitive environment. The advanced function of social media in shaping consumer behavior and its ensuing effects on corporate success are examined in this article. Social media's ongoing development is changing how customers find, assess, and buy goods. Through an analysis of recent data and trends, this study demonstrates the ways in which social media influences brand loyalty, purchase decisions, and general consumer participation. According to the research, companies that successfully use social media can improve their market visibility, cultivate clientele, and increase revenues

IOSR Journal of Business and ManagementVol. 26(10)
Openalex Percentile: Top 69%
Digital Marketing and Social Media
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The Impact Of Social Media On Consumer Behavior And Its Implications For Business Growth — Rajiv Kumar Garg · IOSR Journal of Business and Management (2024) | TGRS Research Map | TGRS