Last February Business Week debunked a list of 6 social media myths, and despite of the amount of time that’s passed since then, those same myths are still widely held. I would say that the landscape has changed a bit since then, making their responses to the myths a little dated.
For one, they suggest that a good social media campaign will cost you $50,000-$100,000. But the field has been flooded with companies doing social media strategy at various levels. And as any Econ 101 student knows, when supply increases, prices decrease. I suppose corporate giants like Coca-Cola and Chick-fil-a have use for multi-faceted campaigns that require resources like that, but for your general small to medium enterprise, a good social media marketing company (like Engage Them) can get you sorted for a fraction of that cost.
There are also a ton more ways to measure your social media impact than there were 10 months ago, and presumably will be a ton more by this February. Below is a chart that measures influence and audience on Twitter – Klout makes it relevant and user-friendly.

That’s what makes social media so intuitive. It gives you the platform to tell your story, and interact with other people who are telling their stories about your product or service. There’s nothing more brilliant than that.

