Can Social Media Marketing replace Search Engine Marketing as a viable way for companies to market online?

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I "Stumbled Upon" www.FtheBigThree.com which does a good job of showing the opportunities that could be available for marketers in the "Social Media" category. Not completely sold yet on it but kinda warming up to it. I guess I'll have to start learning SMM to go along with my SEM and SEO. So, many abbreviations....so little time.

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