Get To The Grapes

Friday, August 6, 2010

Social media allows businesses to create a customer connection

Sacramento Business Journal – by Debi Hammond Contributing writer

Many companies tout their customer service, but few deliver. Deliver and they will come. I hear so many business owners and CEOs talk about how they want to be the Nordstrom of their business sector. In fact, one of the best-selling books on customer service is titled “The Nordstrom Way.” Yet so few companies actually deliver.

Great customer service is all about the experience people have with your brand. And that experience takes place at every point of brand interaction: From the quality of your product or service to the way the receptionist answers the phone (that is if you even have a live person answering your phone — which you should!). Here’s a quick tip: When it comes to “pressing 1,” people hate it. No, really. They actually hate it and do not consider that good customer service.

There have been many articles and books (like the one mentioned above) that talk about great customer service in the traditional sense. But what about online? Can you even have a truly great online customer >service experience? The answer is absolutely!

MODEL SERVICE

Here’s a personal story to illustrate the point. My husband and I went on a leisurely bike ride a few weeks ago and as we were riding my eyes were drawn to movement near his feet. When I looked closer I saw strings, lots of them, dangling from his Chuck Taylors, and flapping in the breeze as he peddled. I was thinking I should really buy him another pair. Now in defense of his tattered “Chucks,” he does wear them as if they are his only pair of shoes. By the time we got home from our ride, I had long forgotten about my thoughts of replacing his favorite shoes. Later that evening, I went online to check my e-mails and this is the message I received: (more…)

I just read an article entitled “Why Executive HATE Social Media,” and it made some really great points. Just take a look at the statistics below. As an executive, it’s all about numbers and these are pretty powerful numbers.

Social Media Value #5: Supporting Statistics

Executives rely on market research to support and substantiate any designated course of action, and devour facts, stats, and data-points like shrimp at a wedding reception. Summarized below are a few statistics buttressing the explosion of this social media trend, and detailing how Corporate America is leveraging it to realize significant revenue and market share growth going forward.

• In the last 7 years, Internet usage has increased 70 percent a year. Spending for digital advertising this year will be more than $25 billion and surpass print advertising spending (forever)
• Lenovo has experienced a 20 percent reduction in activity to their call center since they launched their community website for customers
• Blendtec quintupled sales with its “Will it Blend” series on YouTube
• Only 18 percent of traditional TV campaigns generate a positive ROI
• Naked Pizza set a one-day sales record using social media: 68 percent of their sales and 85 percent of their new customers came via Twitter.
• Software company Genius.com reports 24 percent of social media leads convert to sales opportunities,
• Dell has already made over $7 million in sales via Twitter.
• Thirty-seven percent of Generation Y heard about the Ford Fiesta via social media before its launch in the US and currently 25 percent of Ford’s marketing budget is spent on digital/social media.
• Seventy-one percent of companies plan to increase investments in social media by an average of 40 percent.
• A recent Wetpaint/Altimeter Group study found companies that widely engage in social media surpass their peers in both revenue and profit.

(Sources for Statistics: meyersreport.com, lenovosocial.com, George Wright, Blendtec, Mashable.com, econsultancy.com, businessweek.com )

Read the rest of the article here.