Web 2.0 Has Changed How Small Businesses Market their Businesses
Though still in its infancy, Web 2.0 has completely altered the way businesses market online. It puts business collaboration not only in the hands of managers and employees, but also customers and potential customers, decentralizing the chain-of-command into more of a spider-web effect.
Entrepreneurs looking for innovative ways to launch their businesses benefit greatly from this feature of Web 2.0. It gives them the competitive edge against larger corporations that are run in an inflexible top down manner.
An early 2007 poll revealed that several established companies believed Web 2.0 was over-hyped and were convinced it would have no impact on their business or any other start-up business. Traditional thinking industry leaders found it difficult to believe that blogs and social networking could have world wide consequences on any level—start-up or otherwise. A few months later, Web 2.0 marketing has sky-rocketed, proving them wrong and leaving them scrambling to strategize and integrate this once innocuous marketing structure into their existing models.