Three Ways Social Media is Changing the Way We Do Business
As more and more people hop onto social media platforms, we are seeing more companies tapping into technology in new ways. The word is spreading that there are ways to create dialogues and conversation with your own customers while being introduced to millions of potential new clients.
For those not tuning in to the stats, Facebook is currently leading in terms of users. On September 15, Mark Zuckerberg, founder and CEO of Facebook, posted a message stating that Facebook “now serves 300 million people across the world.” To put some perspective on that number, there are just three countries with a 300 million+ population: China @ 1.3 billion, India @ 1.2 billion and America @ 307 million. Simply said, your consumers and potential customers are out there… and they are talking.
So how is social media changing business strategy?
- Social Media Gives Candid Feedback:
Last time I took a restaurant phone survey, there was no option along the lines of ‘push 7 if your waiter should have been fired on the spot for the horrific service you received.’ However, many consumers will express this frustration in the medium most commonly at their fingertips. Before a company is even aware that someone has dropped their name in cyberspace, their brand is smeared all over Twitter within hours. Or the total opposite may be occurring and users are mentioning how much they love your product. Either way, it’s up to the company to react and create dialogue or to be totally absent from the conversation.
2. Social Media Creates B2C Dialogues:
One of most influential factors in a company’s choice to plug in to these networks is the opportunity for consumer dialogue. Instead of buying ad space to talk AT your target market, we now have the option to talk WITH them. Time to phase out the little feedback cards and mini pencils; the answers are right in front of us! Using social media gives companies a perfect opportunity to show personality and character 24/7 rather than trying to cram feeling into a :30 or :60 second ad slot. As for ROI, your success is solely dependent on the effort you put into your accounts. Dell has around 40 Twitter accounts, each personalized to a different target group of consumers. Definitely a lot of work to maintain correctly, but the end result is an estimated $3 million in sales attributed to Twitter.
3. Social Media Allows Personalized Service:
Of course, so does a customer help phone line. Here’s the difference: a recent Mashable poll showed that people spend an average of 68 hours per week on the internet. Social media-savvy companies are reaching out to their customers in a place they know they can find them. This is proactive approach can save a lot of problems down the road. For example, when a user tweets about their negative experience with Comcast, Frank Eliason (@comcastcares) responds with tips or offers to help. Eliason’s efforts were highlighted last year in a NYTimes article that shows how effectively social media works to allow companies to help consumers… and hopefully quiet the consumer’s negative postings!
Buzzphoria stays connected to the web, constantly seeking out conversations involving or affecting our clients. From there, when a company really sees how consumers are reacting to their brand, they can respond in an honest and helpful way.
Has your company gotten in to social media? Why or why not?
Tags: adrienne lenhoff, adrienne lenhoff wise, buzzphoria, facebook, promo marketing team, shazaaam, shazaaam pr, social marketing, social marketing agency, social media