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Social Media for Business -- Walk Cautiously 

Posted on 10 Feb 2010 by Joe Staples
Interactive Intelligence
Joe Staples
I'm going to break rank with my marketing peers on this topic. As a B2B marketer about every other thing I read related to my profession has something to do with social media (Twitter, Facebook, LinkedIN, etc.). It seems like every marketer is chasing these new found media types in search of gold. My message is, walk cautiously. Here's my reasoning.

Just because everyone is enamored with twitter and the like, doesn't mean there is a business case to justify spending a lot of time and money building campaigns around it. What is the return on that investment? If you don't have a good answer to that question, don't waste a bunch of time and money on it. The social media craze for consumers does not mean it is a money maker for businesses. Too often, the market can get worked into a frenzy over something. Then given some time, it realizes that there wasn't much there to begin with.

Let's set aside the consumer use of social media as I think that is a very different discussion. For businesses, what are the uses that make sense and which should you pursue? Here are a few, both good and bad. One of them relates specifically to contact center routing.

1. Participating in LinkedIN and other industry groups by commenting on discussion threads in an attempt to gain visibility for your company and help shape market viewpoints. GOOD

2. Blogging with useful, insightful non-promotional content. GOOD

3. Using social media sites and groups that are a part of your industry as a means of promoting your blog posts and driving traffic and readers to your blog. GOOD

4.  Spending time "following" and "getting followed" by anyone and everyone on Twitter and Facebook as a method of hoping that somewhere in those masses their must be a customer or two. BAD (This isn't a high school popularity contest. Use social media to connect with the people in your industry that matter to you and forget about the rest).

5. Use Twitter to alert followers of something news-worthy. GOOD (You need to be sure that the message really is important. Otherwise, key followers will quit following you since they really aren't interested in what you had for breakfast).

6. For the contact center...drop everything and start a development project to route incoming social media messages. BAD (This one is a little sticky and it has to do with timing. Right now, contact center customers are slowly but surely embracing additional media types beyond voice -- i.e. email and web chat. The reality is that less than 30% of contact centers have implemented email routing. With that in mind, let these media types that have an obvious benefit get added to the contact center mix, before tackling social media. The time for social media routing in the contact center will come, but it isn't here yet).

7. Monitor what is being said about your company in social media sectors and join in to defend yourself, clarify, or offer assistance. GOOD (There are good tools that can help you do this. Done appropriately, it can help you save a dissatisfied existing customer and/or win new business).

8. Assign someone in your company to learn everything there is to know about social media. BAD (This could consume a full time job without reaping much benefit. You can overdo it without needing to. IMO, have someone understand the basics of social media, know which online outlets match your business, monitor and act on the things being said about your company, and participate in related industry discussions. But that is about it. Social media will take up as much time as you'll let it, and the rate of return goes down very quickly once you get past the basics).

I doubt this is an exhaustive list. So if you can think of others, both good and bad, please add them using the comment button. My bottom line message is that the value of social media for business use is over hyped. Sure, there are some good uses, as I've noted above, but don't get carried away thinking this is going to be the core of your marketing strategy. Unless you are an Interactive Intelligence competitor, then have at it!

Sorry, I'm out of time. I've got to go tweet this post to all my followers.

Joe Staples -- social media naysayer
 
 
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Tags: Best Practices, Market Trends and News, Contact Center
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Comments


John Stepp commented on Tuesday, 16-Feb-2010
 
First, let me say that this is a well thought out article with many valid points and that II is certainly a great organization with excellent products that are well positioned. I do have to take exception to a couple of points:

6. For the contact center...drop everything and start a development project to route incoming social media messages. BAD I say GOOD. Just take a look at what happened to SW Airlines yesterday - a public relations nightmare - but one that was responded to within twenty minutes thanks to Twitter. Check out the CNN article in the TECH section. One of the interesting points in the article is that Jet Blue has a dedicated team of six people to respond to social media.

8. Assign someone in your company to learn everything there is to know about social media. BAD I say GOOD. The more ways you can interact with or be interacted with, the better. The bottom line and customer satisfaction are at stake if you ignore socail media. Sure, there are a lot of time wasting rat holes with this philosophy, but any company that does not embrace social media enthusiastically will lose mind share and market share as a result.

I feel the same way about e-mail, too. You know what they say, there are voice mail people and then there are e-mail people...and twitter people...and facebook people.



Joe Staples commented on Tuesday, 16-Feb-2010
 
John, excellent comments. I think your evidence countering my point number six is very valid and I'd lose an argument trying to defend my position. The more I've thought about that one, such a routing to provide a company increased ability to react to social media comments makes a lot of sense. For point number eight, I think too many companies are going overboard. I suggest a more pragmatic approach. Learn the basics and utilize social media as it makes sense from an ROI standpoint. However, don't get so caught up in it that you overdo it without being able to point to any tangible, positive results. Again, I really enjoyed your comment. Thanks for taking the time. Joe Staples


Jason Brown commented on Wednesday, 17-Feb-2010
 
Hey Joe,

Just liked the fact that you Tweeted this blog.

Hope all is well.

Jason


Patrick G. McHenry commented on Tuesday, 23-Feb-2010
 
What a refreshing post Joe! Sometimes I feel may age (51) when I take the position with my marketing team that the corporate customers we chase, do not make their buying decisions based upon Twitter, Facebook etc. Of course their response is "how do you know Pat", to which I reply, "show me the ROI on the time the marketing folks spend learning and keeping these sites up to date. Call me old fashioned, but WEB positioning for SEO on relevant content such as application notes, case studies and situational cases is a much more meaningful and methodical investment. Tweeting a new case study or application note, does not hit corporate decision makers; their time is much more valuable than following a tweet, Jeff Pulver and his groupies have gone over the edge! :)

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