Social network sites generating business ?

There are many network sites like XING, facebook, twitter etc, everyone is claming they are generating good amount of business compare to others. We agree that internet has revolutionised the communication among people in terms cost & time. But when "social networking sites are claiming" as a good business generator it's a question of thinking! I think business owners who are using internet for last few years will be in right position to evaluate that "how much business" getting generated from "social network sites" ?

I feel if we calculate the amount of time we spend to update information in all those sites, It actually hardly anything until unless we get a very subject specific approach like alibaba.com, VDealX etc. Or they are just good for social networking ! or just a craze !!

I would like to hear your opinion.

Technology helping to modernize the business workflow

Growing market, Modern workflow helping to beat recession

Reducing production costs and driving efficiency has become the key approach for enterprises around the globe at the time of economic downfall. The overall markets has been growing at a good rate, experiencing dramatic changes with modernization, technology helping to change the workflow.

India and China have a high-growth potential, so all business runners should learn to use IT more efficiently to benifite from globalization.

All business organization are increasingly looking at organized services solutions to stay competitive in the market, and realized the importance of staying visible in front of customers eyes, but at the same time they are looking at cost cutting. Organised service is always productive, efficient & returns good values . When expensive advertisement add extra risk.

Arindam Chakraborty