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The Future of Social CRM and
  How to Get There Today
A Glimpse Into the Evolution of CRM

   THEN…                                                                 NOW…
   • Assigned Departments                                                • Everyone

   • Company-Defined                                                     • Customer-Defined
     Process                                                               Process

   • Defined Channels                                                    • Customer-Driven
                                                                           Dynamic Channels

   • Business Hours                                                      • Customer Hours

   • Transaction                                                         • Interaction

   • Inside Out                                                          • Outside In

                            @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   2
CRM Breakdown
      Conversation                                                                        Technology




                       SOCIAL
                       CRM

     Metrics/Reports                                                                       Processes
                       @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   3
Database Customer Search


     Baochi Nguyen


     5554329




                     @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   4
Customer Profile




                   @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   5
Customer Profile




                   @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   6
Why Social CRM?

 We all want to make our revenue numbers.
 To do so, we must acknowledge the
 acquisition and retention power of the post-
 sales SOCIAL experience.
                                                              Keep your current customers
                                                              happy, and show potential
                                                              customers how well you do
                                                              business.



          The Proof Is In The Stats…
                                   @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   7
Interesting Statistics

               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


                                 @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   8
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
                              @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential   9
And Yet Most
Brands Are Failing

       @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 10
Interesting Statistics

              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


                                 @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 11
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




                          @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 12
#1: Deliver Excellent Social Care

               5 best practices for delivering excellent social care:




1. Prioritize Channels   2. Establish Teams   3. Specify Process                           4. Add Social Profiles                           5. Train the Call
                            & Expectations                                                    to Existing                                      Center on Social
                                                                                              Customer Database                                Media




                                               @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 13
10 Tips for Social Customer Care

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

                                    @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 14
Monitoring, Metrics & ROI




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


                              “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


                                         @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 15
Monitoring Hootesuit Dashboard

                                                                                                                Assign Tweets to
                                                                                                                 Specific Team
                                                                                                                   Members
    Archive        Track
Customer Cases   Competitors




                               @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 16
Company Wide Reports




   OPERATIONS:                                                                 PRODUCT:
   • Volume of social customer care                                            • Feedback on products,
                                                                                 services, features
   • Top issues
                                                                               • Common complaints, bugs,
   • Correlation with the call center data
                                                                                 wish lists, ideas




                                             @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 17
Example Metrics & Reports
CUSTOMER CASES BY CHANNEL                                                     SOCIAL CUSTOMER CASES BY TYPE

                     Phone: 35%
                     Social: 10%                                                       Refund                            10%

                     Forums: 15%
                                                                               Connectivity                              10%
                     Email: 20
                     Chat: 10%                          Product A: Troubleshooting                                                             20%
                     Web: 10%
                                                        Product B: Troubleshooting                                                                   30%

                                                                           Account Issues

 SOCIAL CARE CASES IN APRIL = 200
                                                                                                             CASES
                                                                               April 2012                                              200
                     35% = After Hours                                         12-Month Average                                        141
                     65% = Business Hours                                      Variance                                                +59
                                                                               Change                                                  42%



                                            @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 18
Company Wide Reports

Sales and Marketing:
   • Top 15% of customer base
   • Top 15% of customer prospects
   • Major competitors

Kudos, compliments, brand buzz

Social performance numbers




                                @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 19
Questions


                                        Baochi Nguyen
                                           @baoch
                                         RingCentral
                                         @ringcentral



            @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 20
RingCentral Social Care

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RingCentral Social Care

  • 1. The Future of Social CRM and How to Get There Today
  • 2. A Glimpse Into the Evolution of CRM THEN… NOW… • Assigned Departments • Everyone • Company-Defined • Customer-Defined Process Process • Defined Channels • Customer-Driven Dynamic Channels • Business Hours • Customer Hours • Transaction • Interaction • Inside Out • Outside In @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 2
  • 3. CRM Breakdown Conversation Technology SOCIAL CRM Metrics/Reports Processes @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 3
  • 4. Database Customer Search Baochi Nguyen 5554329 @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 4
  • 5. Customer Profile @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 5
  • 6. Customer Profile @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 6
  • 7. Why Social CRM? We all want to make our revenue numbers. To do so, we must acknowledge the acquisition and retention power of the post- sales SOCIAL experience. Keep your current customers happy, and show potential customers how well you do business. The Proof Is In The Stats… @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 7
  • 8. Interesting Statistics 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 @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 8
  • 9. 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 @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 9
  • 10. And Yet Most Brands Are Failing @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 10
  • 11. Interesting Statistics 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 @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 11
  • 12. 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 @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 12
  • 13. #1: Deliver Excellent Social Care 5 best practices for delivering excellent social care: 1. Prioritize Channels 2. Establish Teams 3. Specify Process 4. Add Social Profiles 5. Train the Call & Expectations to Existing Center on Social Customer Database Media @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 13
  • 14. 10 Tips for Social Customer Care Assess the situation, get the Provide helpful links specifics Sometimes, the best response Apologize, offer help, ask is no response questions Don‟t trash the competition Be respectful, friendly and appreciative When in doubt, ask for guidance Know when to switch to private communications Twitter, Facebook, LinkedIn, etc., are public forums; Solicit and flag tweets for everyone is listening relevant internal teams @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 14
  • 15. Monitoring, Metrics & ROI MONITORING: METRICS: ROI: • Common issues • Customer cases per • Prevention: Error + Slow social channel Response Time = PR Disaster • Product/service feedback • Response time • Customer service saves and upsells • Competitor conversations • Most common issues • Social customer service = reduction in call center contacts “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 @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 15
  • 16. Monitoring Hootesuit Dashboard Assign Tweets to Specific Team Members Archive Track Customer Cases Competitors @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 16
  • 17. Company Wide Reports OPERATIONS: PRODUCT: • Volume of social customer care • Feedback on products, services, features • Top issues • Common complaints, bugs, • Correlation with the call center data wish lists, ideas @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 17
  • 18. Example Metrics & Reports CUSTOMER CASES BY CHANNEL SOCIAL CUSTOMER CASES BY TYPE Phone: 35% Social: 10% Refund 10% Forums: 15% Connectivity 10% Email: 20 Chat: 10% Product A: Troubleshooting 20% Web: 10% Product B: Troubleshooting 30% Account Issues SOCIAL CARE CASES IN APRIL = 200 CASES April 2012 200 35% = After Hours 12-Month Average 141 65% = Business Hours Variance +59 Change 42% @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 18
  • 19. Company Wide Reports Sales and Marketing: • Top 15% of customer base • Top 15% of customer prospects • Major competitors Kudos, compliments, brand buzz Social performance numbers @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 19
  • 20. Questions Baochi Nguyen @baoch RingCentral @ringcentral @baoch | @ringcentral | ©2012 RingCentral, Inc. All rights reserved. RingCentral Confidential 20