There was a brief time when simply having a social media profile could set your company apart from other businesses. But those days are long gone, as most companies now have social media profiles on a variety of platforms. The most common are Facebook, Instagram, TikTok, Reddit, LinkedIn and the like. No matter what type of business you are trying to grow, social media can be an effective way to engage with your target audience. However, it is important to remember that other businesses are doing the same thing, so you are constantly competing against them.