How Social Media Has Altered Customer Experience

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Activating the social web for business: How to Engage with Customers in a Connected World www.socialstrategy1.com

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Transcript of How Social Media Has Altered Customer Experience

Page 1: How Social Media Has Altered Customer Experience

Activating the social web for business:

How to Engage with Customers

in a Connected World

www.socialstrategy1.com

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Who is Social Strategy1

•  SS1’s approach was developed in conjunction with research performed at The University of Pennsylvania’s Wharton School, and with multi-national firms

•  SS1 works with some of the largest companies in the world – our perspective is global because social media is global

•  SS1’s mission is to work with companies to develop insights and strategies regarding social media such as: –  Customer Experience Management –  Market Intelligence, Brand Positioning and Messaging –  Reputation Management –  Social Media Marketing Strategies, Services and Content Development –  Competitive and Global Business Intelligence

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The fate of each business is in the hands of - everyone

Facebook > 1 Billion, LinkedIn >170 Million,

QQ Messenger >700 Million More than 100,000,000 blogs

61% of U.S. households have wifi (2X TVs in 70s)

There are more than 2 billion people using social media today

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Ubiquity of channels

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Changes the Speed of Communication

The comment also generated 17,000 tweets per minute for “Big Bird” and 10,000 tweets per minute for “PBS”

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New Era Brings New Opportunity/Process

•  Social media has become a commonplace outlet for consumers to voice

their queries, complaints or praise about a product or service, or seek resolution to a problem, bypassing automated phone systems and the routing process of a customer call center.

•  The trend is for businesses to advance from social media to social business

…this provides an alternative customer service channel

Sept. 27, 2012 _ PRNewswire

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Listening Becomes Critical in the New Era

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A Few Business Dynamics Changed by Social Media

•  Customer Service = Customer Experience Management

•  ROI = becomes measurable •  Lead Generation = customers at their point of need

•  Compliance/Corporate Governance = identify smoking guns or other issues

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•  Early warning of problems and opportunities. Companies can eavesdrop on what customers are really thinking and saying. This gives them an early warning mechanism attuned to customer issues, opportunities, intelligence on competitors, and ideas for new products and services. Social media then acts as a no-charge, free-flowing, focus group.

Dynamics Changed by Social Media

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Early warning of problems and opportunities.

New Opportunities via Social Media

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Key Opportunities to Engage Customers via Social Media

•  Driving efficient communications between marketing and customer service. Too often, the marketing department launches promotions that the contact center has little knowledge of.

•  With social media, the resulting customer annoyance is spread to a far larger audience, thereby intensifying the negative impacts on brand image and reputation. Social media can be the catalyst that forces these two organizations to work with greater synergy.

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Ads and action

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A great example of this at work was a study Social Strategy1 conducted during the Taco Bell taco meat content controversy of 2011. Taco Bell was accused of using a large amount of filler in its taco meat. In its own defense, Taco Bell launched a $3 million ad campaign to attack claims they didn’t serve “real meat.” Ironically labeled the “Talk” campaign, the high-dollar ads feature real Taco Bell executives, franchisees, and employees touting the chain’s seasoned-beef recipe through ads that appeared in the Wall Street Journal, New York Times and others. effect. From “Social Media Leadership: How to Get off the Bench and into the Game”

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•  Improved customer service. As a public conversation, social media can resolve not just a single consumer’s issue, but those of other individuals who may share the same product or service challenge.

Key Opportunities via Social Media

•  Sales and business development. With social media, customers that experience delight with companies become the new marketers. Social media provides a richer and more accurate evaluation of customer value. This is done through tracking and assessing customers’ ability to influence others.

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Key Opportunities to Engage Customers via Social Media

Thank you very much for sending me very good and honest people and good workers to my home in Conway, SC I`m very pleased with the work that was done and ...

Speaking of Ryder:

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Here’s How Some are Integrating CEM and Social

ACCOR: has over 4000 hotels in 90 countries and has to manage over 5000 comments each month on sites such as TripAdvisor.com and Bookings.com. The company wants to listen, learn and engage with what customers are saying about the Accor brand and approximately 12,000 competitors’ hotels. Accor has found this type of customer service not only improves the company’s online reputation, it results in double-digit sales increases for key brands like Novotel.

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Social Brings an Era of RoI

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“I want to know where marketing spend is going and what Social Strategy1 thinks in terms of trends – back six to 12 months and forward six months. It’s really helpful from a budgeting standpoint.”

Steve Cody, Founder, Peppercom

Earn vs. Paid Media Ratios, AKA RoI: SS1 maps the impact of marketing and messaging campaigns and charts consumer opinions or responses to messaging, allowing media companies and agencies to budget, measure proofs of performance, and deliver more effective messaging and creative

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Marketing RoI

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“By matching this overall customer sentiment and its reach to daily, weekly, or monthly marketing spend, we have for the first time a direct link between push communications and ROI. It is therefore possible to draw connections to what we call “brand affinity” and its direct impact on value of brands. Quantifying the conversation gives us an overview of sentiment and customer intent or advocacy toward those brands and can help us understand how to nurture the value of the customer asset.”

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Deriving RoI in a Social Media World

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Deriving RoI in a Social Media World

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•  Channel mapping and efficacy -Where does the target audience hang out?

Conversation density -Where can the message delivery work best? -What happens when (if) it gets there

•  Two-way audience mapping

> 80% of people who read reviews online use those to buy - Targeting - Does a campaign work? - Are there more leads online than off?

•  Lexical mapping

-Are your saying the right thing?

Specific to Direct Response

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Key Opportunities via social media

In the contact center context, social media becomes a customer collaboration tool for monitoring conversations and interacting. Firms may choose to capture, analyze, and forward these conversations to other departments.

Call centers

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Social Media Leadership Awards

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@SMLAwards

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Things You Can Do

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•  Acknowledge the outcome of conversations on social media so that the public knows that the company cares about offering a rewarding customer experience.

•  Select which social media channels best meet the company’s customer engagement models. At the same time, actively encourage dialogue between social media participants so as to increase enthusiasm for a product or service. Increased usage drives brand loyalty

•  Build customers’ social profiles, track their social activities, analyze

their comments, and assess their influence.

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•  Examine and pick the right mix of technologies. There is a wide variety

of monitoring, analytics, routing, profiling and collaboration tools on the market.

•  Determine skills sets, training, and policies. Agents must have exceptional comprehension and writing abilities, and be savvy in the use of social media. Policies should also specify what content employees are permitted to publish via social media

•  Set up strict monitoring and procedures so that comments are routed to

the correct department (e.g., corporate communications, legal, marketing, and customer service). Install real-time agent monitoring and recording capability.

Things You Can Do

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Nuts and bolts of Social Media and Call Center

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Lead Generation – social media has the ability to surface a new breed of “leads” that can identify purchase intent, a desire to leave or find a product Hear the Voice of the Customer - the good bad and ugly of your product or brand Connect directly - with the customer via social media channels Match - online with physical records Reputation Management and Social Media Marketing – data driven marketing efforts General Business Intelligence and Social Media Strategies – An international public accounting firm and others utilize SS1 to monitor and provide insights and strategies related to competition, recruiting, reputation management, and new business initiatives. All of these fold into the call center/CEM strategy

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We can help you

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Steve Ennen

646-334-5893

[email protected]