The Rise of the Social Customer and Thier Impact on Business - Meltwater GroupPresentation Transcript
THE RISE OF THE SOCIAL CUSTOMER AND THEIR IMPACT ON BUSINESS MICHAEL BRITO | SVP, SOCIAL BUSINESS PLANNING EDELMAN DIGITAL | @BRITOPIAN ON TWITTER #mwsf @BRITOPIAN ON TWITTER
THE EVOLUTION OF SOCIAL BUSINESS 2008 to present THE EVOLUTION OF SOCIAL BUSINESS SOCIAL BUSINESS 2003 to present SOCIAL BRAND 1995 to present SOCIAL CUSTOMER
Technology innovation gives customers a voice
They are Influential
Amplified voices across the social web
Google indexing critical conversations about companies
Social Customers are trusted amongst their peers as influence grows
Companies and brands join Twitter, Facebook and create corporate blogs
Engage with the social customer in various channels
Social Media teams are forming slowly
Small budgets are allocated on a project basis to social media engagement and community building
Organizations begin humanizing business operations
Organizational models are formed to include social media
Organizational silos are torn down between internal teams
Governance models and social media policies are created
Social becomes an essential attribute of organizational culture
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HOW DOES THE SOCIAL CUSTOMER BEHAVE?
The customer journey is dynamic; and always changes
Brands need to have multiple customer touch points to break through the clutter
Customers need to hear things 3 – 5 times before they actually believe (Edelman Trust Barometer)
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THE SOCIAL CUSTOMER AND BRAND EXPERIENCE The Informed (e.g. research products online) Brand Discovery: Google Search, Word of Mouth The Participant (e.g. participate in a brand experience) The Opinion Sharer (e.g. post review) Brand Participation: Fanning, following, liking Brand Sharing: Easy, habitual, publishing The Advocate (e.g. encourage friends to purchase) Brand Advocacy: Creating content, sharing, defending @BRITOPIAN ON TWITTER
THE NEW PURCHASE FUNNEL
A brand should build relationships with the social customer in order to drive advocacy
Advocates talk about the brand, even when the brand isn’t listening
Advocates are trusted among their peers and within their micro-communities
Advocates are aiding and influencing others down the purchase funnel
The reach of one advocate is minimal; as an aggregate, the total reach can make a strong business impact
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DEFINING A SOCIAL BRAND “ A social brand is any company, product, individual, politician that uses social technologies in order to communicate with the social customer, their partners and constituencies or the general public. @BRITOPIAN ON TWITTER
CHAOS EXISTS IN THE ORGANIZATION TODAY TWEETS BLOG POSTS FACEBOOK UPDATES THERE IS CERTAIN BEHAVIOR AND TYPES OF TWEETS AND FACEBOOK UPDATES THAT MAY PUT YOUR COMPANY IN JEOPARDY AND GET YOU FIRED TOO! LEAKING CONFIDENTIAL INFORMATION RACISM HATE SPEECH BASHING COMPETITORS TALKING SMACK ABOUT MANAGEMENT @BRITOPIAN ON TWITTER
CONFUSION OF ROLES & RESPONSIBILTIES, CONFLICT My team owns the Facebook page!! DO YOU UNDERSTAND? Relax … I just wanted to post our press release….
MEASUREMENT INCONSISTENCY @BRITOPIAN ON TWITTER
ORGANIZATIONS FOCUSING ON INTERNAL CHANGE @BRITOPIAN ON TWITTER
USHERING IN SOCIAL BUSINESS
A social business is built upon three pillars – people, process and technology
Change management and culture change is essential in order for genuine social business transformation to occur
Organizations cannot have effective external conversations with customers unless they can have effective, internal conversations with each other first
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SOCIAL BUSINESS DEFINED “ A social business is any organization that has integrated and operationalized social media within every job function (and process) internally. @BRITOPIAN ON TWITTER
FROM CHAOS TO GOVERNANCE GOVERNANCE MODEL @BRITOPIAN ON TWITTER
CREATE A PARTICIPATORY LEARNING ORGANIZATION Training Curriculum
Advanced tactics of Community Engagement and Management
Leveraging search to create social content for blogs
Metrics deep dive – understanding metrics and making data driven decisions
Advanced training on social tools and technologies like Radian6, Meltwater Buzz, Sprinklr, Shoutlet, CoTweet, and other publishing/listening platforms
Train the trainer
Training Curriculum FROM MINIMAL PARTICIPATION TO COMPLETE OWNERSHIP
Basics of Community Engagement
Listening & Monitoring Tools and Apps
Intended Uses of Social Media
Engagement Model &Escalation Process
Metrics Overview
Training Curriculum
Basics of Social Media
Overview of owned media channels to include enterprise communities, blogs, Facebook and Twitter accounts
Policies & Guidelines
WHITE BELT Awareness & Engagement BLUE BELTFluency & Participation BLACK BELT Expertise & Ownership Organizational Expectations Organizational Expectations Organizational Expectations
Research & monitoring
Listening to owned media channels
Escalate conversations to others
Frequent tweeting and retweeting; responding to comments on/off of enterprise owned media channels
Responding to customer support issues and escalating to appropriate channels
Basic community management
Frequent blogging, tweeting and responding to comments on/off of enterprise owned media channels
Solving customer support issues on and off enterprise owned media channels
Mentoring and training white and blue belts; team brown bags
Speaking at conferences
Participate in and attend bi-weekly social media integrations forums
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ACTIVATING EMPLOYEES TO ENGAGE Content Creators Conversationalist Participant @BRITOPIAN ON TWITTER
ESTABLISHING A CONTENT LIBRARY Aggregating all branded content and making it very easy for employees to share it within their social graph! @BRITOPIAN ON TWITTER
ESTABLISHING A MEASUREMENT FRAMEWORK @BRITOPIAN ON TWITTER
ESTABLISHING A MEASUREMENT FRAMEWORK It’s imperative that everyone in the organization measures social media consistently! @BRITOPIAN ON TWITTER
ALIGNMENT = BUSINESS RESULTS Programs Community ManagementMarketingCustomer ServiceCommunicationsEventsCampaignsAdvocacy Crisis SOCIAL BRAND (External) SOCIAL BUSINESS (Internal) MEASURABLE OUTCOMES Training ProcessCollaborationOrganization Models Research & DevelopmentPolicies & GuidelinesKnowledge SharingCulture Infographic by @armano @BRITOPIAN ON TWITTER Infrastructure
SOCIAL BUSINESS VALUE CREATION MODEL SalesAdvocacyProduct Feedback Value creation is what determines success from every perspective! Customer Satisfaction Value Creation Social listening Workflow/Process EngagementProduct DiscountsRelevant ContentSolving customer issues Brand EnablementProduct InnovationProcess Improvement @BRITOPIAN ON TWITTER
Listening to the social customer without any type of action is worse than not listening at all - @britopian TWEETABLE MOMENT
SOMETIMES IT’S THE SMALL THINGS @BRITOPIAN ON TWITTER
SOMETIMES IT’S THE NOT SO SMALL THINGS @BRITOPIAN ON TWITTER
SOMETIMES IT’S A BFD Over the last 5 days, there have been 63,106 twitter mentions; 12,3016,338 impressions @BRITOPIAN ON TWITTER
ACTION SPEAKS LOUDER THAN WORDS!
THANK YOU FOR YOUR TIME! Michael Brito SVP, Social Business Planning Edelman Digital Michael.Brito@edelman.com @Britopian HTTP://THESOCIALBUSINESSBOOK.COM @BRITOPIAN ON TWITTER