Social networking technology has made it very easy for people to share their opinions, rate favorite products, and communicate with others. This activity is happening every day, everywhere, and for practically every product that exists. No matter how big or small your company is, if you have customers, you can bet they’re talking about your brand or product somewhere. So what are you doing to influence that conversation?

As a small business, you probably have limited budget and resources and you need to be sure any investment you make in social media is worthwhile. Does it make sense to pay for a branded online community or can free public social sites deliver the same benefits?…