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More Than Just Facebook for Business:

     Translating Social Interactions into
     Actionable Social Intelligence




                                                   Presented by Al Nugent
                                                              Mzinga CEO


MZINGA   l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
Today, the pressure on businesses
         is higher than ever to…
MZINGA    l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
                                                    2
Work smarter & more efficiently.
    According to IDC, the cost of NOT easily
    finding information = $3,300 per employee
    each year


    (That’s $3.3M in annual lost
    opportunity cost for a
    business of 1000 people)




MZINGA   l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
                                                   3
Build brand credibility &
   buyer trust.

   30% of consumers rely less on
   advertising, and much more on
   recommendations from friends and
   family for making buying decisions.




MZINGA   l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
                                                   4
Reduce customer
   response times.

   More than   90%     of customers' issues
   haven't been unearthed in most organizations,
   and in addition, often the organization doesn't
   have answers for them, according to Forrester
   Research.

   These issues lead to long support calls, poor
   issue resolution, cost increases and customer
   dissatisfaction.




MZINGA   l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
                                                     5
Improve customer
   loyalty & satisfaction
   The primary driver of a consumer's loyalty is
   their experience with your business, product
   or service.

   Yet, marketers on average only invest
   20% of their programs in loyalty and
   customer experience efforts.




MZINGA   l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
                                                   6
So customers are now taking matters into
          their own hands…




                            .




                                48% report always or often using an online posting or blog to get other’s opinions about a
                                                        company’s customer service reputation




   MZINGA        l    #1 IN ON-DEMAND SOCIAL SOFTWARE                    l
Source: American Express Global Customer Service Barometer April 13th – April 20th, 2010
Trust moves beyond financial performance
                               (It is the new social currency)




Source: 2010 Edelman #1 INBarometer
   MZINGA       l    Trust ON-DEMAND SOCIAL SOFTWARE   l
Customer Experience
     Solution Use Case




MZINGA   l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
The Social Organization


           Traditional                              Social organizations                  Unstructured
       business processes                     Transformed business processes that       social interactions
                                               improve productivity, efficiencies &   that streamline communication,
  Often hierarchal and siloed, but critical                                             enhance relationships, etc.
                                                        revenue growth
      to business goals and success




 Product     Mkting      Sales     Services



         Corporate Strategy                                    Service
                                                               s
       Information Systems

           Human Resources

    Finance & Administration




MZINGA      l     #1 IN ON-DEMAND SOCIAL SOFTWARE      l
Acquire
                                                     • Increase Sales Effectiveness   Summary
                                                     • Foster thought Leadership      Increase sales team
                Acquire                              • Social Sales Insights          collaboration and enable more
                                                                                      direct target buyer interactions-
                                                                                      ultimately reducing sales cycles.



                Customer
               Experience
                Solutions
                                                 Engage
                                                     •Customer On-boarding            Summary
 Support                     Engage                  •Customer Retention              Develop more interactive,
                                                     •Customer Education              mutually beneficial relationships
                                                                                      with customers that improve
                                                                                      satisfaction & retention.


 A new model is now
 essential to meet the                               Support
 changing customer                                                                    Summary
                                                     • Peer Support
 landscape…                                          • Social Support Insights        Significantly reduce support
                                                     • Rapid Social Response          costs and improve customer
                                                                                      response times by making your
                                                                                      team readily accessible to
                                                                                      customer needs in real time.


MZINGA     l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
Key proof points

 Improve customer response times
 • 36% of consumers prefer using websites to get answers to
   questions rather than via telephone or email- and 57% are very
   likely to abandon purchases if they cannot find quick answers
   to questions.



 Drive satisfaction, loyalty & retention
 • Live chat, peer-to-peer forums, just-in-time customer education
   and direct access to experts help customers get answers
   questions quickly- improving satisfaction and reducing
   abandonment.
                                                                     “   We wanted to create an
                                                                     interactive forum where job
                                                                     seekers could find information to
                                                                     further their career goals. It
 Reduce support costs                                                allows our members to connect
 • Telephone support costs $6 to $12 or higher per contact.
                                                                     with both our experts and their
 • Online chat costs only $5 and is 63% more effective, and web-
   based customer self-service costs just a few cents per contact.   peers to plan the next steps in




MZINGA
* 2010 Forrester ResearchON-DEMAND SOCIAL SOFTWARE
              l    #1 IN                             l
                                                                     their career path.

                                                                                                            ”
                                                                          - Michael Harvey, Chief Executive at
                                                                                    Monster.com’s CareerOne
Social Intelligence Ecosystem

                                                     Strategic
                                                     Services


                                 Smart                             Moderation
                                                                      And
                                Content                             Vibrancy

                                                   Cloud-based
                                                      Open
                                                    Platform

                                 Endpoint
                                                                   Analytics
                                 Agnostic


                                                    Role-based
                                                    Applications




MZINGA   l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
But how do you measure
     the value?




MZINGA   l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
What is Social ROI?




         Social media




                                                    Business results

MZINGA    l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
Sample measures that matter

                  Analyze your community PLUS interactions on the social web


                  Benchmark your community to others



             Analyze your community
                                                   Your site      1 2 3
                                                                (Other sites)
                                 Members
                                 Roles
                                                       By role
                                 Content
                                                       By industry                Sentiment
                                 Behaviors
                                                       By company size            Competitive analysis
                                                       By community size          Social graphing
                                                                                   Business intelligence




MZINGA   l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l
Non-monetary rewards also provide
 currencies in community engagement

                     Recognition                                     Access                    Impact

           •   Influence tracking                      • Community resources          • Raise personal &
           •   Badges                                    and tutorials                  community profile
           •   Code galleries                          • Informal social              • Deliver feedback from
           •   Featured placement                        networks                       surveys
           •   Awards and contests                     • Key executives               • Influence product
                                                       • New features                   direction
           •   Speaking slots
                                                       • New products                 • Drive business
           •   Select groups
                                                       • Beta versions                  outcomes
                                                       • Public events                • Provide proof point
                                                                                        references
                                                       • Private events
                                                                                      • Incentivize
                                                                                        downloads/demos


2010 Constellation Research Q4 qualitative survey on community engagement incentive
drivers

MZINGA     l    #1 IN ON-DEMAND SOCIAL SOFTWARE              l
Thank you for your kind attention.

                                                   Q&A




MZINGA   l   #1 IN ON-DEMAND SOCIAL SOFTWARE   l

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More Than Just Facebook for Business: Translating Social Interactions into Actionable Social Intelligence - BDI 3/23/11 The Social Consumer: Case Studies & Roundtables

  • 1. More Than Just Facebook for Business: Translating Social Interactions into Actionable Social Intelligence Presented by Al Nugent Mzinga CEO MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l
  • 2. Today, the pressure on businesses is higher than ever to… MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l 2
  • 3. Work smarter & more efficiently. According to IDC, the cost of NOT easily finding information = $3,300 per employee each year (That’s $3.3M in annual lost opportunity cost for a business of 1000 people) MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l 3
  • 4. Build brand credibility & buyer trust. 30% of consumers rely less on advertising, and much more on recommendations from friends and family for making buying decisions. MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l 4
  • 5. Reduce customer response times. More than 90% of customers' issues haven't been unearthed in most organizations, and in addition, often the organization doesn't have answers for them, according to Forrester Research. These issues lead to long support calls, poor issue resolution, cost increases and customer dissatisfaction. MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l 5
  • 6. Improve customer loyalty & satisfaction The primary driver of a consumer's loyalty is their experience with your business, product or service. Yet, marketers on average only invest 20% of their programs in loyalty and customer experience efforts. MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l 6
  • 7. So customers are now taking matters into their own hands… . 48% report always or often using an online posting or blog to get other’s opinions about a company’s customer service reputation MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l Source: American Express Global Customer Service Barometer April 13th – April 20th, 2010
  • 8. Trust moves beyond financial performance (It is the new social currency) Source: 2010 Edelman #1 INBarometer MZINGA l Trust ON-DEMAND SOCIAL SOFTWARE l
  • 9. Customer Experience Solution Use Case MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l
  • 10. The Social Organization Traditional Social organizations Unstructured business processes Transformed business processes that social interactions improve productivity, efficiencies & that streamline communication, Often hierarchal and siloed, but critical enhance relationships, etc. revenue growth to business goals and success Product Mkting Sales Services Corporate Strategy Service s Information Systems Human Resources Finance & Administration MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l
  • 11. Acquire • Increase Sales Effectiveness Summary • Foster thought Leadership Increase sales team Acquire • Social Sales Insights collaboration and enable more direct target buyer interactions- ultimately reducing sales cycles. Customer Experience Solutions Engage •Customer On-boarding Summary Support Engage •Customer Retention Develop more interactive, •Customer Education mutually beneficial relationships with customers that improve satisfaction & retention. A new model is now essential to meet the Support changing customer Summary • Peer Support landscape… • Social Support Insights Significantly reduce support • Rapid Social Response costs and improve customer response times by making your team readily accessible to customer needs in real time. MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l
  • 12. Key proof points Improve customer response times • 36% of consumers prefer using websites to get answers to questions rather than via telephone or email- and 57% are very likely to abandon purchases if they cannot find quick answers to questions. Drive satisfaction, loyalty & retention • Live chat, peer-to-peer forums, just-in-time customer education and direct access to experts help customers get answers questions quickly- improving satisfaction and reducing abandonment. “ We wanted to create an interactive forum where job seekers could find information to further their career goals. It Reduce support costs allows our members to connect • Telephone support costs $6 to $12 or higher per contact. with both our experts and their • Online chat costs only $5 and is 63% more effective, and web- based customer self-service costs just a few cents per contact. peers to plan the next steps in MZINGA * 2010 Forrester ResearchON-DEMAND SOCIAL SOFTWARE l #1 IN l their career path. ” - Michael Harvey, Chief Executive at Monster.com’s CareerOne
  • 13. Social Intelligence Ecosystem Strategic Services Smart Moderation And Content Vibrancy Cloud-based Open Platform Endpoint Analytics Agnostic Role-based Applications MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l
  • 14. But how do you measure the value? MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l
  • 15. What is Social ROI? Social media Business results MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l
  • 16. Sample measures that matter Analyze your community PLUS interactions on the social web Benchmark your community to others Analyze your community Your site 1 2 3 (Other sites)  Members  Roles  By role  Content  By industry  Sentiment  Behaviors  By company size  Competitive analysis  By community size  Social graphing  Business intelligence MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l
  • 17. Non-monetary rewards also provide currencies in community engagement Recognition Access Impact • Influence tracking • Community resources • Raise personal & • Badges and tutorials community profile • Code galleries • Informal social • Deliver feedback from • Featured placement networks surveys • Awards and contests • Key executives • Influence product • New features direction • Speaking slots • New products • Drive business • Select groups • Beta versions outcomes • Public events • Provide proof point references • Private events • Incentivize downloads/demos 2010 Constellation Research Q4 qualitative survey on community engagement incentive drivers MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l
  • 18. Thank you for your kind attention. Q&A MZINGA l #1 IN ON-DEMAND SOCIAL SOFTWARE l