The Cost (and Payoff) of Investing in Social Media

The Bottom Line
Time is money, but Weathers says it's all about how you manage it. "Previously wasted down time like sitting in taxis for 20 minutes or standing in a bank line for 10 minutes is now spent on my mobile phone, bouncing between Twitter and Facebook. It's getting easier and easier, and for branding an entrepreneur, I think it's golden."

No matter what the platform, Blanchard says the true value of social media is found in the conversation. "You are not necessarily going to get 150 comments per day, but you are engaging a potential customer or client in the way you wouldn't in an ordinary day."

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