So, have you met the new guy in town? He’s called Mr. Social and he’s a proud man. His EGO, my friend, is defined as Engage, Grow and Optimize. And we are proud to have him around us. By now, you must have understood whom I am talking about. He is the ever effervescent and mostly spoken about talk of the town Mr. Social Media. Without a doubt Mr. Social Media and his networking abilities has changed the way people connect
and communicate today and will define the future of what we know as CRM.
So how does the age old CRM and its upholder deal with the new age lingua franca. Traditional providers of CRM have been trying hard to fit the social media aspect to their current cog. Grappling with the fundamental question, the CRM guru today wants to understand this medium in its entirety to enable him to reach out to his customers in a faster, better and cheaper way.
The question now is; what does one do to fit in? For starters, let’s look at all the three aspects of this medium and understand the synergetic possibilities of it leaping to become the next big thing overhauling CRM.
Engage
Businesses need to take a cue, that the new meaning of ‘C” in CRM means ‘Community’. It’s the logical next step in evolution of CRM, bringing together loyal customers in focused, domain specific ‘flocks’; who then collectively work as brand ambassadors-cum-spokespeople. These flocks will define the brand image and are relatively the key drivers for success of the brand’s initiative to drive loyalty solutions to its customers. If
businesses are able to effectively manage this social juggernaut, the entire solution will be a well-oiled dependable tool for them to run effective customer centric campaigns. Not to mention the Voice of customers (VOC)/reviews and customer behaviour analysis that help these brands take its image building exercise to the next level and start thinking in a radical manner.
Grow
Today, providers of Web-based customer relationship management (CRM) platforms and
solutions have been working hard to incorporate these new networks and technologies into their services, utilizing the power of cloud to connect and integrate regular CRM tools with major social and micro blogging sites like Twitter, Facebook, tumblr and LinkedIn; creating what has come to be known as social CRM. These sites can
not only provide another way to connect with an audience, but also help provide deep insight into their lives likes and dislikes wants and needs, and also help to connect with potential customers. This trend is exemplified by Apple’s launch of a music based social network, ‘Ping’ on its iTunes platform.
Optimise
Whoever said the world is a small place obviously also relates to the fact that the online
presence of someone is just based on a single degree of separation. It’s all about “I” being the center of all conversation. Remember President Barack Obama discovered he could build a movement and win election thru social media channels. And when Conan O’Brien was shown the door, he decided to host his shows online with active help from social nuts as he refers his followers.
All the above three characteristics exemplify a proactive and honest personalised communication at all times. Today Interactive agencies rarely speak loyalty management. Instead they speak e-CRM as a language. These agencies managing loyalty solutions have exploited the power of social and have used it to the best of what we today term as an engaging and interactive one-to one communication network.
The future as I see it belongs to someone who effectively engages in this domain, grows his network and works towards optimising the medium to its potential. Most businesses I know and interact have a steep understanding of the medium and have already started utilising the social media force as an on-going customer interactive tool. Are you ready to translate your loyalty data to social moolah?
So, have you met the new guy in town? He’s called Mr. Social and he’s a proud man. His EGO, my friend, is defined as Engage, Grow and Optimize. And we are proud to have him around us. By now, you must have understood whom I am talking about. He is the ever effervescent and mostly spoken about talk of the town Mr. Social Media. Without a doubt Mr. Social Media and his networking abilities has changed the way people connect and communicate today and will define the future of what we know as CRM.
So how does the age old CRM and its upholder deal with the new age lingua franca. Traditional providers of CRM have been trying hard to fit the social media aspect to their current cog. Grappling with the fundamental question, the CRM guru today wants to understand this medium in its entirety to enable him to reach out to his customers in a faster, better and cheaper way.
The question now is; what does one do to fit in? For starters, let’s look at all the three aspects of this medium and understand the synergetic possibilities of it leaping to become the next big thing overhauling CRM.
Engage
Businesses need to take a cue, that the new meaning of ‘C” in CRM means ‘Community’. It’s the logical next step in evolution of CRM, bringing together loyal customers in focused, domain specific ‘flocks’; who then collectively work as brand ambassadors-cum-spokespeople. These flocks will define the brand image and are relatively the key drivers for success of the brand’s initiative to drive loyalty solutions to its customers. If businesses are able to effectively manage this social juggernaut, the entire solution will be a well-oiled dependable tool for them to run effective customer centric campaigns. Not to mention the Voice of customers (VOC)/reviews and customer behaviour analysis that help these brands take its image building exercise to the next level and start thinking in a radical manner.
Grow
Today, providers of Web-based customer relationship management (CRM) platforms and solutions have been working hard to incorporate these new networks and technologies into their services, utilizing the power of cloud to connect and integrate regular CRM tools with major social and micro blogging sites like Twitter, Facebook, tumblr and LinkedIn; creating what has come to be known as social CRM. These sites can not only provide another way to connect with an audience, but also help provide deep insight into their lives likes and dislikes wants and needs, and also help to connect with potential customers. This trend is exemplified by Apple’s launch of a music based social network, ‘Ping’ on its iTunes platform.
Optimise
Whoever said the world is a small place obviously also relates to the fact that the online presence of someone is just based on a single degree of separation. It’s all about “I” being the center of all conversation. Remember President Barack Obama discovered he could build a movement and win election thru social media channels. And when Conan O’Brien was shown the door, he decided to host his shows online with active help from social nuts as he refers his followers.
All the above three characteristics exemplify a proactive and honest personalised communication at all times. Today Interactive agencies rarely speak loyalty management. Instead they speak e-CRM as a language. These agencies managing loyalty solutions have exploited the power of social and have used it to the best of what we today term as an engaging and interactive one-to one communication network.
The future as I see it belongs to someone who effectively engages in this domain, grows his network and works towards optimising the medium to its potential. Most businesses I know and interact have a steep understanding of the medium and have already started utilising the social media force as an on-going customer interactive tool. Are you ready to translate your loyalty data to social moolah?
(Manoj Shetty, Head Operations, EBS Interactive India)