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The Old Value-Cost Conversation
Perfect timing as ever!
As per you early point 'Begin with the end in mind' but get some clarity around it. If for example the business issue you are trying to address (one we are working on right now) what are current sales levels, from what kind of lines, and how much? We are at the stage where this is being documented (not a big job as they already have it being a retailer).
The end results we will measure will be something like:
£'s per store
£'s online
£'s from new services identified via collaboration
£'s from supplier advertising on social network
Improvement in better product launches and reduced POS waste
Reduction in printed documents; more held electronically
£'s saved from lower staff attrition due to better internal communication
There may be more that come out of the project and not all will be measurable or fully attributable to any one thing but this is where we are starting; looking back from 3 years hence to define how the business will look in 3 years compared to today.
Hope this helps.
Peter
- For Goals: 1) Improve customer satisfaction.
2) Reduce customer service costs.
- Make sure that your goals are measurable.
- Based on those metrics, establish some Key performance indicators (KPI)that can be easily tracked to gauge progress.
There are some great free tools out there that can help in these efforts like the content and social technographics calculator on the Forrester Groundswell blog.
With an online community in place, those who care most about you and your brand have a place to receive your message directly and in real time without the usual worries regarding how the media will ultimately spin your story.
Thanks for such a great and useful post!
Another goal: Gather market intelligence to support offline data- validation is always good
Most clients think they know their competition in their market. Sometimes you may uncover surprises. The earlier the better.
Thank you.
I would encourage companies starting the trek toward Social Media and the transformation required, to abolish the fear associated with transparency, and the paradigm shift that occurs once you embrace it. The greatest customer connection opportunity emerges when things go wrong and should be viewed as an opportunity to really connect with your customer.
In your list of goals you mention "make money from your content". And Peter's comment builds on that with his emphasis on revenues generated and costs minimzed (loved his point about employee churn!).
It should be reiterated. For business unit decision-makers, it really does boil down to the bottomline. Will [x] enhance it? Really? Then show me how.
All the current metrics about social media's reach within the community are vital, critical, to measuring its power. And more businesses will embrace it, embrace it sooner, when the next iteration of metrics about driving costs down or revenues up, become more commonplace in the discussion.
And that means more revenues for social media consultants, sooner.
This may come across crass. But at the end of the day, it's how it's measured.
Again, great post. I look forward to the series.
Thanks to everyone. Great work all around.
It makes me want to tear my hair out.
They think they can't monitor it and they will be open to abuse. They also think it's a time vampire. They are correct on this point but if they learn to trust more employees to do it they benefit.
If you can be a company that can respond to a negative comment quickly then your customers and future customers will love you.
Great post Chris. Looking forward to hearing more and I hope I can collaborate something of use to the project.
I look forward to following your future postings on this subject and reading any archived posts I can find, then working through your recommendations to refine/focus our goal and develop & apply our strategy, so that we have a basis for decision making on such issues.
In answer to your post a couple of tips I would share.
1. Don't be scared. Just remember never post anything on a SN site you wouldn't want the whole world to know.
2.Don't post anything too personal that will make it easy for hackers to criminals.
3. As Chris says have a clear goal about what you want achieve from your social networking. This will help you decide who to accept. While I don't mind accepting people who are trying to help grown their business in a participatory way, I deny anyone who is obviously just going to spam me.
4. Don't forget you can always delete people if they become a pest to the rest of your group. However you can usually tell before you accept them they will be an issue.
5. Don't be afraid to ask your 'true' evangelist friends to help spread your word. If people truly like what you do they will be flattered to asked in return for you doing the same. However don't lie and pretend to be someone you are not in order to grow a group. It won't work and you'll alienate the community you're trying to endear.
6.Never use SN to hard sell. It 97 per cent of cases it doesn't work. Just become part of the conversation.
Thanks so much for your comments - very helpful. I look forward to reading more of your comments in the future.
We currently use -- extensively -- a chat system, but aside from email, that's the only even remotely social tool we have for all our users. The technology team (we're almost half of the company) has a very active wiki, the success of which has led management to agree to the expansion of social media tools throughout the firm.
My team is in the process of developing the reqs for an enterprise-wide social media platform. Here are some of our general requirements:
* Regulatory constraints related to the nature of our business
* HR-related constraints
* Record-keeping reqs
* Specific management reqs
On the technical side, we require a certain amount of interoperability with existing systems, including:
* MS Exchange
* SharePoint
* Jabber
* Enterprise databases
* Proprietary software of various kinds
It's not all constraints and regulations, however: for instance, the problem of pest users hadn't even occurred to me until I read Annabel's comment above on deleting them from the system -- that just doesn't seem to come up so often in an environment where everything is logged by your real name and your job is in the balance!
Has anybody else here started implementing *internal* social networking in similar circumstances?
I second everybody else in looking forward to further installments of this series, Chris!
@Annabel
Your last point says, that you shouldn't use SN to hard sell. Does it sell at all? I believe it only generates leads, intereset and the customer's confidence.
Looking forward to reading the next post Chris.
TO'B
Good post,
I'd like to add as goal:
*Increase retention and thus hopefully -> Increase Share of Wallet
In working with offline businesses, getting them to recognize these new
opportunities is like speaking Chinese (to people who don't speak it).
You've done a fine job of clarifying many of the absolute KEY points.
It's a different world and anyone who intends to thrive in their business
(not just survive) MUST learn some things and then put them into use.
Thanks for the GREAT work.
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Zaida Flores
With so many services one can incorporate today, it's easy to forget how important branding is in digital communications.
Content, design, and even conversation starters should be driving users to relate the brand and message.
Thank You for post.