Showing posts with label communication. Show all posts
Showing posts with label communication. Show all posts

Tuesday, April 2, 2013

Social Media ROI: Managing Customer Expectations



social media ROI
Having spent the last few years managing social media for various clients around the globe, I’ve been humbled by what my customers have taught me.  The biggest lesson I’ve learned is that there is a way to work with just about anybody, and it comes down to communication – both in managing expectations and delivering exceptional service.

Here are a few things I’ve learned that might help you establish better communications with your customers.
Set clear expectations.  Clearly identify what’s expected of you and what you expect of the customer. Do this up front – as you begin to work together - and revisit these expectations on a regular basis.  This is especially important for those who work in an industry like social media.  For me, it can be challenging to explain the value of something that does not always generate an immediate, clear, and tangible ROI.  But I find that if I can help my customers set realistic social media goals and expectations, they are more likely to stick with it and give it enough time to achieve their ROI.  Of equal importance is outlining what I require of my clients in order to help me do my job to the best of my ability (‘help me, help you.’).
Do what you say you’re going to do. No matter how small the task, always do what you say you are going to do. If you tell a customer that you will call next week, make sure you come through.  If you tell them that you will review a document tomorrow, it is expected that it will be reviewed tomorrow.  Because life happens, there will be times that we can’t always do everything we promise. In that case, just let them know that you are aware that you said you would have their monthly report on Thursday, but the day got away from you so it will be Friday.  Tell them that you appreciate their patience and that you apologize for being late.  Doing what you say you’re going to do, and making sure you communicate with your customer when plans change, will enhance your credibility by leaps and bounds.
Do more than is expected. For those of you who own a business, you understand that doing the bare minimum is often not enough. In order to differentiate ourselves and stand out from our competitors, we must go the extra mile. It shows that we care and that we take pride in a job well done. It’s also something people tend to remember, especially when it’s time to renew a contract or when the opportunity for a referral arises.  You won’t always be able to hit it out of the park nor should you, but the small extras can make a big difference.
Hear what they are saying, don’t just get defensive. When I receive feedback that’s less-than-positive, I do my best not to react emotionally. Since I am a sensitive person, I usually have to ‘react’ to myself for a bit, and then I can respond appropriately.  After I have had time to process my emotions, I revisit the feedback objectively and determine where I may have been at fault. I find there’s always something I could have done better and I make sure incorporate this realization into a plan for improvement.
When you mess up, apologize. This seems simple enough, yet so many of us would rather point the finger than admit our fault.  If I make a mistake – and we all do – I apologize. I do this proactively and repeatedly. I put a plan in place to fix it and make sure it never happens again.  I’ve found that clients appreciate that I was truthful about my error and that I did what I could to fix it rather than sweep it under the rug and hope they didn’t notice.  This simple step is a real trust builder.
Customer relationships are a work in progress, but by putting the right communication principals in place, you may find your formula for making the relationship not only work, but also last! 

Sunday, October 14, 2012

How to Communicate Customer Value to the Customers


This may seem like a topic that keeps coming up every few weeks, but there’s a good reason for it – as much as companies like saying that their clients matter to them, they keep doing things that communicate no such thing. Until everyone gets the basics of this kind of thing right, there is no chance that articles like this will stop coming in.
How is THIS article supposed to help me?
By all indications, previous advice seems to have been ineffective. We’re taking that to mean that either people are being obtuse on purpose or they’re simply having trouble grasping the admittedly broad-scoped recommendations in similar articles. On the other hand, going into specifics may not be ideal because every situation is different. Some businesses primarily keep in touch with customers through business phone numbers, whereas others prefer the convenience of social media and the like.
Approaches to communication vary according to the medium utilized, which is why some tactics don’t work. Meanwhile, hyper-specific recommendations don’t serve people either. The only way to approach this, then, is to provide fairly specific rules of thumb that businessmen and other professionals can try out and evaluate. With these actionable but universal tips, you can improve the way you communicate customer value to your customers. Trial and error may not seem like the quick fix you’d expect from something like this, but it’s certainly the most effective method we know so far.
Making customers understand their value to your business
Let’s make something clear here – we’re working under the assumption that you care about your customers as people, as something other than a contributor to your bottom line (which they also are). When you place this type of value on someone, you care about them and not yourself. Therefore, you do NOT:
  • Go on a 20-minute spiel about your company history, awards, and the like
  • Launch into a lecture about your latest products and services without their permission
  • Namedrop all the important people working for and with your company without sharing anything about yourself as a person.
When you’re doing that, you’re going into “hard sell” mode and showing that you care about impressing them more that you do about helping them do things better or lead better lives. You’re basically proving to them that they’re mostly there for your own bottom line and nothing else. It’s an impression you don’t want to leave with customers. To avoid this, you’d want to:
  • Let the customers talk. Ask them questions about their lives, preferences, achievements, and dreams.
  • Use conversation to offer advice and share your company’s vision of the future before you recommend any of your products and services.
  • Pay attention to WHAT the customer talks about, and tweak your plans according to customer responses.
In other words, the key to communication customer value to customers is customization. Add value to their experience by connecting to them on a more personal level. Include a few touches to your service that prove your understanding of who they are as individuals. Either way, you talk to them (not AT them first), then base all future interactions on their responses. When you forge such a great relationship with your customer, they will understand how much value they have in your company.
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Sunday, July 15, 2012

The 4 Bs of B2B Social Media


It's all about business for any company engaging in social media. Sometimes we forget that these platforms are a means to an end. That end is revenue. All the effort to win fans, followers, interactions, comments and click-thrus is part of a comprehensive effort to increase visibility, generate leads and sell products.
So, why is social media so important for companies selling products and services to other companies? It's all about the 4 Bs.  
#1 - Business Intelligence:  Social media allows companies to share content and capture data. Various tools and platforms exist to discover, analyze and assess this data. Individuals and companies gain knowledge about the demographics of their customers, affiliated industries, emerging topics, key trends, competitor activities, opinions regarding products and services, and more. Social media provides additional insight that can help companies create and sustain powerful relationships with their customers.
#2 - Business Development: Revenue is the life blood of all companies.  Without it, a company will eventually disappear. Therefore any tools to simplify or accelerate the acquisition of new business, whether from new clients or existing accounts, are welcome. Social networks provide companies with additional channels through which they can identify prospects, learn about companies and individuals. Platforms, like LinkedIn, Plaxo, Branchout or Zerply, can help users figure out how to connect with key decision makers or influencers. Individuals can learn more about them via blogs, tweets, status updates, presentations or videos.  56% of B2B marketers acquire new business partnerships through social media (Social Media Examiner, 2012 Social Media Marketing Industry Report). Imagine that first meeting with an understanding of what's been top of mind for that individual based on their social commentary!  
#3 - Business Relationships: Once a relationship is developed, it takes effort to maintain it. It's not always possible to enjoy face time with contacts. Social networks provide an alternative method of staying in touch with colleagues, customers and competitors. It's possible to congratulate contacts on promotions or job changes, make introductions for peers seeking new roles and comment on shared content. Here at MAD Perspectives, we reach out to connections on a regular basis, simply to catch up with old business friends.
#4 - Business Conversations: Social networks are all about engagement. They provide a platform to discuss topics of mutual interest, ask & answer questions, collaborate on new ideas, share content and to learn. Entrants into a new markets can learn about local business culture, business priorities and key competitors. 62% of business technology decision makers now read and post comments on blogs (Social Media Examiner, 2012 Social Media Marketing Industry Report).  Participants can turn casual conversations into long-lasting relationships. However, just as in face-to-face conversations, each party must provide value to the other.
Social media mirrors the business activities of any company. It is simply another channel through which to pursue these actions. As you consider your use of social media, think about the 4 Bs. Perhaps you are using all 4, or maybe you've just started engaging. Either way, be strategic and tactical about how social media can help you connect, collaborate and communicate to achieve your business goals.