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The Future of
Social CRM and
How to Get There
Today


Baochi Nguyen
Senior Social Strategist
April 2012
©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   2
A Glimpse Into The
    Evolution Of CRM
Then…                Now…
• Assigned           Everyone
  Departments
• Company-Defined    Customer-Defined
  Process            Process
• Defined Channels   Customer-Driven
                     Dynamic Channels
• Business Hours     Customer Hours

• Transaction        Interaction
• Inside Out         Outside In

                      ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   3
Conversation                                                Technology




Metrics/Reports                                               Processes



                  ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   4
Baochi Nguyen


5554329




                ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   5
Baochi Nguyen


5554329




                ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   6
©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   7
©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   8
We all want to make our revenue
 numbers. To do so, we must
 acknowledge the acquisition and
 retention power of the post-sales
 experience. Keep your current
 customers happy, and show potential
 customers how well you do business.


The Proof Is In The Stats…

                          ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   9
81 Billion Internet minutes spent on social
network/blogs…#1 online activity.
– Nielsen, 2011



40% of Twitter users regularly search for products or
services via Twitter.
- Ink Foundry, 2011



74% of consumers rely on social networks to guide
purchase decisions.
– ODM Group, 2011




                              ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   10
62% of consumers have used social media for customer
service issues.
– ZenDesk, 2011


81% of consumers using social media say
it's important for businesses to respond to questions and
complaints.
– comScore and TMP Directional Marketing, 2010

65% of users recommendations led to a purchase, and
recommendations by social media users were twice as
likely to lead to holiday gift purchases.
– Mr. Youth, 2011

60% of the businesses who have increased revenues in
the past six months stated that going the extra mile in
customer service was more important than ever.
– Sage UK, 2012

                                ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   11
And Yet Most Brands
    Are Failing




             ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   12
56% of top 50 brands did not respond to a
single customer comment on their Facebook
page in 2011.
- A.T. Kearney, 2011




71% of customer complaints on Twitter are
ignored.
- Maritz Research 2011




Of those who were contacted, 83% „Loved‟ or
„Liked‟ being contacted.
- Maritz Research 2011


                  ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   13
The Solution
“I genuinely believe that any
business can create a competitive
advantage through giving
outstanding customer care.”


              - Gary Vaynerchuk,
                Author and Social Media Expert

                        ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   14
Deliver Excellent Social Care

5 best practices for delivering excellent social
care
  1.   Prioritize channels
  2.   Establish teams and expectations
  3.   Specify process
  4.   Add social profiles to existing customer database
  5.   Train the call center on social media




                                   ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   15
10 Tips For Social Customer Care

1. Assess the situation, get     6. Provide helpful links
   the specifics                 7. Sometimes, the best
2. Apologize, offer help,           response is no response
   ask questions                 8. Don‟t trash the
3. Be respectful, friendly          competition
   and appreciative              9. When in doubt, ask for
4. Know when to switch to           guidance
   private communications        10. Twitter, Facebook,
5. Solicit and flag tweets for       LinkedIn, etc., are
   relevant internal teams           public forums; everyone
                                     is listening


                                        ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   16
Monitoring, Metrics & ROI

• Monitoring:                       • ROI:
   • Common issues                      • Prevention: Error + Slow
   • Product/service feedback             Response Time
   • Competitor conversations             = PR Disaster.
                                        • Customer service saves
• Metrics:                                and upsells
   • Customer cases per social          • Social customer service =
     channel                              reduction in call center
   • Response time                        contacts
   • Most common issues

   “We are in an era of new media yet we‟re still trying to measure with
   old metrics.”

                     – Frank Eliason,
                       SVP Social Media at Citi
                                              ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   17
Monitoring: Hootsuite Dashboard




                           ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   18
Company-Wide Reports

• Operations:                    • Sales and Marketing:
   • Volume of social               • Top 15% of customer
     customer care                    base
   • Top issues                     • Top 15% of customer
   • Correlation with the call        prospects
     center data                    • Major competitors
• Product:                       • Kudos, compliments,
   • Feedback on products,         brand buzz
     services, features          • Social performance
   • Common complaints,            numbers
     bugs, wish lists, ideas


                                        ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   19
Example Metrics and Reports




                                                         Cases

                     ARPIL 2012                          200

                     12-MONTH AVERAGE                    141

                     VARIANCE                            +59
                     CHANGE                              42%




                                  ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   20
Pass Along The Praise




                        ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   21
Questions?




             Baochi Nguyen
                @baoch
              RingCentral
              @ringcentral




               ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   22
The Future of Social CRM and How to Get There Today

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The Future of Social CRM and How to Get There Today

  • 1. The Future of Social CRM and How to Get There Today Baochi Nguyen Senior Social Strategist April 2012
  • 2. ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 2
  • 3. A Glimpse Into The Evolution Of CRM Then… Now… • Assigned Everyone Departments • Company-Defined Customer-Defined Process Process • Defined Channels Customer-Driven Dynamic Channels • Business Hours Customer Hours • Transaction Interaction • Inside Out Outside In ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 3
  • 4. Conversation Technology Metrics/Reports Processes ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 4
  • 5. Baochi Nguyen 5554329 ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 5
  • 6. Baochi Nguyen 5554329 ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 6
  • 7. ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 7
  • 8. ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 8
  • 9. We all want to make our revenue numbers. To do so, we must acknowledge the acquisition and retention power of the post-sales experience. Keep your current customers happy, and show potential customers how well you do business. The Proof Is In The Stats… ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 9
  • 10. 81 Billion Internet minutes spent on social network/blogs…#1 online activity. – Nielsen, 2011 40% of Twitter users regularly search for products or services via Twitter. - Ink Foundry, 2011 74% of consumers rely on social networks to guide purchase decisions. – ODM Group, 2011 ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 10
  • 11. 62% of consumers have used social media for customer service issues. – ZenDesk, 2011 81% of consumers using social media say it's important for businesses to respond to questions and complaints. – comScore and TMP Directional Marketing, 2010 65% of users recommendations led to a purchase, and recommendations by social media users were twice as likely to lead to holiday gift purchases. – Mr. Youth, 2011 60% of the businesses who have increased revenues in the past six months stated that going the extra mile in customer service was more important than ever. – Sage UK, 2012 ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 11
  • 12. And Yet Most Brands Are Failing ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 12
  • 13. 56% of top 50 brands did not respond to a single customer comment on their Facebook page in 2011. - A.T. Kearney, 2011 71% of customer complaints on Twitter are ignored. - Maritz Research 2011 Of those who were contacted, 83% „Loved‟ or „Liked‟ being contacted. - Maritz Research 2011 ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 13
  • 14. The Solution “I genuinely believe that any business can create a competitive advantage through giving outstanding customer care.” - Gary Vaynerchuk, Author and Social Media Expert ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 14
  • 15. Deliver Excellent Social Care 5 best practices for delivering excellent social care 1. Prioritize channels 2. Establish teams and expectations 3. Specify process 4. Add social profiles to existing customer database 5. Train the call center on social media ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 15
  • 16. 10 Tips For Social Customer Care 1. Assess the situation, get 6. Provide helpful links the specifics 7. Sometimes, the best 2. Apologize, offer help, response is no response ask questions 8. Don‟t trash the 3. Be respectful, friendly competition and appreciative 9. When in doubt, ask for 4. Know when to switch to guidance private communications 10. Twitter, Facebook, 5. Solicit and flag tweets for LinkedIn, etc., are relevant internal teams public forums; everyone is listening ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 16
  • 17. Monitoring, Metrics & ROI • Monitoring: • ROI: • Common issues • Prevention: Error + Slow • Product/service feedback Response Time • Competitor conversations = PR Disaster. • Customer service saves • Metrics: and upsells • Customer cases per social • Social customer service = channel reduction in call center • Response time contacts • Most common issues “We are in an era of new media yet we‟re still trying to measure with old metrics.” – Frank Eliason, SVP Social Media at Citi ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 17
  • 18. Monitoring: Hootsuite Dashboard ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 18
  • 19. Company-Wide Reports • Operations: • Sales and Marketing: • Volume of social • Top 15% of customer customer care base • Top issues • Top 15% of customer • Correlation with the call prospects center data • Major competitors • Product: • Kudos, compliments, • Feedback on products, brand buzz services, features • Social performance • Common complaints, numbers bugs, wish lists, ideas ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 19
  • 20. Example Metrics and Reports Cases ARPIL 2012 200 12-MONTH AVERAGE 141 VARIANCE +59 CHANGE 42% ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 20
  • 21. Pass Along The Praise ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 21
  • 22. Questions? Baochi Nguyen @baoch RingCentral @ringcentral ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 22

Editor's Notes

  1. -
  2. - Last stat tells us next quote