E-Commerce Assignment

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E-COMMERCE

ASSIGNMENT 1

Question 1: How do social network make money?

Social networks attract plenty of visitors but have had a tougher time attracting advertisers who may be wary of associating their brands with inappropriate content….New technologies are being developed to help make social networks more attractive to advertisers.

A social network is a way of connecting people and/or organizations and businesses together for mutual benefits. This network is comprised of ties and nodes, where the node is the individual and the tie is the link between them. Social networking plats a large beneficial function from family units up to cities, countries, and professional organizations. So how do you make money with a social networking system? Here are 5 steps to making social networking work for you. Step 1: Use it to find customers directly.

You can use the idea of “birds of a feather flock together” to arrange the best social networking. If you are selling a new kind of headset, you will want to find social networks of music lovers. Step 2: Use word of mouth.

If you are in a social networking group, you can also use it to advertise indirectly. Try getting people in social networks that are related indirectly to yours to spread the word. This can be some of the best social networking because they will be talking to people who trust them. Step 3: Form relationships.

The best social networking is long term, whether it’s for business or pleasure. This way people learn who they can trust online, and you should strive to be one of those--and only time can develop trust. Step 4: Finding new ideas.

You can use social networking to find new ideas for your business. For instance, if someone in your network needs something you can provide but don’t as of yet, you could consider it as an additional money-maker in the future. Step 5: Be reliable and consistent.

Your continued business is based on continued participation and trust. In other words, once you have...
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