A new report commissioned by LivingSocial, the online marketplace to buy and share experience in your local area, has revealed that small businesses are potentially missing out on a staggering $554 million each year by not using social media tools fully. The survey, conducted with 500 SMEs across the UK and Ireland, showed that 68% of small businesses are failing to take advantage of all that social media has to offer by not using its full potential, likely missing out on substantial opportunities to increase revenue. Of the 4.8 million small businesses in the UK, nearly a quarter (23%) earn over $1000 per annum through connecting with consumers on platforms such as Facebook, Twitter and LinkedIn. Read more HERE.
Small Businesses Could Be Missing out on $554 Million Each Year, says LivingSocial Report Market Watch
MORE POSTS
Serenity Now! LivingSocial Promotes Local Massage Offers in More than 150 Markets Nationwide to Help Take the Stress Out of Labor Day
Coordinated Spa/Therapy Offers Across US and Canada Are First Promotion of a National Deal Theme on a Single Day
Read MoreePals® Launches Publishing Services in Partnership With McGraw Hill Education, Smithsonian Institution and Leading Publishers Globally
These end-to-end services enable providers of curriculum, quality resources and learning activities to distribute their content globally.
Read MoreCandidates and Voters Call for Campaign of Ideas; Independent Films Have an Answer
The festival includes October digital premieres of 10 major films, using Snag Social Screening ™ technology to connect viewers directly with one another.
Read MoreRevolution Growth Welcomes Four New Vice Presidents
Today, Revolution Growth announced four new vice presidents, including Kristin Gunther, Ashley Larson, Chris Hughes and Meredith Balenske.
Read More