Name the top 5 social media avenues for businesses.

+1 Vote Up
It depends on the industry.
For product based industries:
  1. Facebook
  2. Twitter
  3. YouTube
  4. Foursquare
  5. Yelp. 
These networks unite and educate consumers on products.
For service based industries:
  1. LinkedIn
  2. Google +
  3. Twitter
  4. Facebook
  5. Youtube
These networks help potray the service professionals as trustworthy, reliable, and credited.
  Troy D.C. Thompson Troy D.C. Thompson
Digital Media Marketer,  Marstel-Day LLC
on 12/28/2011
Dont forget Trip Advisor for travel and related services and Glass Door about how companies are to work for and what they really care about internally.
  Carol Rizzo Carol Rizzo
CIO,  T1D First
on 12/28/2011
Let's  see we have Twitter, Facebook, Linkedin and YouTube as the core social media solitions and I would add blogging as the 5th. All the other sites mentioned above ie Digg, Foursquare, Bing, etc also have their place depending on the type of business you have and yor target market.  If you have a retail site and focus on the consumer then location based sites will definetly add to the branding and sales referrals for your business, however if your more B2B focused and more virtual, then they do not add much value to your marketing.
As i stated in anothe answer in 2011 we saw social media account for apx 25% of sales for most business that actively used it interact with their customers.
  Tim Pacileo Tim Pacileo
President and Executive Consultant,  TheBoardRoomAdvisors, LLC
on 12/27/2011
Wherever your target is:

-> Personal and professional then, Twitter, Facebook, LinkedIn...

-> Regional, i.e. Chinese market then, RenRen.

-> Keep an eye on Diaspora, too. It's the new development based on P2P social networks; this means, you will be able to host the software yourself so your data will be in your server.
  Francisco Marco-Serrano Francisco Marco-Serrano
Economics & Business Researcher,  Key Productivity Konsulting
on 11/14/2011

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