The problem is that a majority of companies are still letting these opportunities fall on the floor.
In total, the study involved 1,125 tweets delivered between April 1 and May 15 to the following retailers: Amazon.com, Zappos.com, Staples, Dell, Office Depot, Wal-Mart Stores, Sears Holdings, QVC, Office Max, Best Buy, Newegg, Sony, Costco Wholesale, Macy’s, Victoria’s Secret Direct, Hewlett-Packard, J.C. Penney, L.L. Bean, Target, Systemax (TigerDirect.com), Gap, Williams-Sonoma, HSN, Overstock.com, and Toys ‘R’ Us.
All told, among the top 25 retailers, an average of only 44 percent of customer tweets were answered at all.
However, a number of companies are starting to get it. On the good side, the article does note:
Of all those companies, Zappos and L.L. Bean—replied to every single tweet within 24 hours. Rounding out the top five most reliable Twitter performers were Overstock.com (replying to 98 percent of all tweets within 24 hours), Dell (98 percent), and Best Buy (89 percent).
This one should be a lot of fun. Sean O’Driscoll will be presenting with the folks over at Badgeville on the topic of engagement and gameification in a webinar on April 25th at 10:30 PT. (Register here.) The quick agenda:
How to use the Journey to the Engaged Enterprise as a benchmark for your external and internal social engagement plans
Critical milestones at each stage of the Journey, and common obstacles that can prevent you from reaching them
Why the principles of Badgeville’s Behavior Platform are critical to driving the kind of successful, sustainable customer and employee activities that will help you evolve into a Fully Engaged Enterprise.
Sean O’Driscoll, our fearless leader at Ant’s Eye View, is keynoting an event next Monday here in the Bay Area. Here’s the description:
“Becoming a fully engaged enterprise in today’s social world isn’t about creating a “social media strategy.” It is a journey defined by stages of operational maturity, milestones, and ultimately, a destination. The successful journey requires practitioner experience, pragmatism – and perseverance. But the payoff is immense. The fully engaged enterprise discovers on this journey that customers again trust them, recommend them, and equip them with new insights. Connected and impassioned employees in the fully engaged enterprise lead and foster the online conversation and attract the industry’s best talent. Companies willing to embark on this transformative journey can, and will, re-emerge as powerful connected brands.”
The event will be at EMC’s campus in Santa Clara. Hope to see you there! Details are here:
A big thanks to Jennifer Cobb for the link to this New York Times article entitled “Swatting Down Startups That Help Consumers.” The gist is that there are a raft of startups that act on the behalf of customers in interacting with big brands (These kinds of services can be thought of as “fourth party” services.) Some examples:
Customer-benefitting booking engines for car rentals
Airline milage program points aggregators (think Mint.com, but for points)
Airline seat watchers that automatically rebook you to a better seat when one opens up
A number of brands (American, Soutthwest, Hertz, etc.) have acted in ways to restrict the ability for customers to use these services to attempt to improve their travel experience.
The concept of “big data” is, ultimately, going to hit a brick wall. Here’s why.
For a number years now, the concept of being able to collect, mine and process massive data sets that predict customer behavior has been a modern day holy grail. However, many organizations struggle to develop customer insights because they primarily focus on understanding markets rather than individuals. Overall, at least 80 percent of CMOs rely on traditional sources of information, such as market research and competitive benchmarking, to make strategic decisions.
With that context, here are a few things to think about:
According to a recent study via The Next Web, engagement for some leading brands on Facebook is less than 0.0001 – that’s less than one engagement for every 10,000 opportunities. That’s poor. So, having huge amounts of personal information and being able to target individuals in that context doesn’t seem to be a panacea.
Individuals are starting to understand the implications of sharing all of their information online, and what it means when all of this data is correlated together. The recent flap over Girls Around Me writ large the implications or correlating even small amounts of data about individuals without their explicit knowledge.
There is a flip side to this. Think of it as “small data.” In contrast to huge, correlated data sets of petabytes, exabytes and zettabytes of data, instead individuals will have their own personal data stores. (That personal data store link is a must-read from the Financial Times.) Here’s an example. Jerry Michalski has kept his information in a system called The Brain for over fifteen years. Here’s a video of Jerry speaking at the Personal Digital Archiving conference on his experience of capturing over 150,000 pieces of information over the past decade and a half. (Think about that for a second. There’s a conference for “personal digital archiving.”)
Understanding that this sea change is coming is going to be implicit in the future success of business. As such, here’s something you can do right now.
Go to http://www.networkadvertising.org/managing/opt_out.asp. It shows you the advertising cookies that are being tracked in your browser. Realize that even though many of us wear our “business” hats for a good majority of our waking hours, we’re all still individuals as well. We are all customers. As such, we are all responsible for our own information.
As these issues become more widely understood, more individuals will be tracking their own information. Perhaps it won’t be to the level that Jerry has done it in the video above, but it will be happening. This means that we, while wearing our business hats, will need to be developing real relationships with our customers. We need to listen to what they are saying, what they are asking for, and working collaboratively with them in order to help them fulfill their needs. In the best cases, we’ll have built up levels of trust with our customers and will have been given the explicit permission to access our customers’ personal data stores. In doing so, we’ll be able to actually take the guesswork out of the equation that was noted so clearly above in the Facebook example and will, instead, be able to connect directly with our customers’ intentions and deliver value on their terms.
Sponsored post disclosure: This post was written as part of the IBM for Midsize Business program, which provides midsize businesses with the tools, expertise and solutions they need to become engines of a smarter planet
“Consumers aren’t as loyal to loyalty programs as they used to be.
Since 2008, the number of consumers who feel that such initiatives don’t offer any real value jumped by 50%,according to a study by Forrester Research. The same study also found that almost one-third of consumers say that loyalty programs don’t influence their purchase — that’s up from 22% in 2008.
Why the dissatisfaction? Let’s call it the Groupon factor. Since 2008, there have been a flood of daily dealmerchants, like Groupon and LivingSocial, that have filled customers inboxes with irrelevant offers. (Groupon itself has recently employed a Pandora-like “thumbs up, thumbs down” rating system to tackle this problem, which is best illustrated by the example of middle-aged men getting offers for bikini waxes.)”
The answers they propose are crap, however. The answer is not “better targeting” of customers. The answer is not “mobile payments.”
The answer is making the customer a full participant in the process. Start here.
This is the first time I’ve seen this. AdWeek is redacting their content until you click and “engage” with one of their ad units. This is a perfect example of the concept of “bad attention” that I’ve written about previously. Of course, I’m sure the metrics they are tracking around engagement are through the roof. I’m also sure they are not taking into account the destruction of goodwill caused by using tactics like this. Check out the video below to see how annoying this is.