There's a lot of hype these days about social media and how it can magically skyrocket your business to the top of the heap. Unfortunately, some of these posts I read sound like the latest diet fad.
Instead of "Lose up to 34 pounds and 7 inches in only 4 weeks by following the (insert favorite diet here) plan!" it's "Gain 1,000 followers on Twitter in 3 months by following our expert tips!"
Why am I drawing this comparison? Because the dirty little secret about social media is this: it's like yo-yo dieting. If you lose weight and then go back to the way you behaved before the diet you'll just gain it back. To be successful losing weight, you have to consistently eat a reasonable amount of food and participate in some form of exercise. It's a similar thing with social media. You have to consistently pay attention to your market and participate in a meaningful manner. If you don't really give a damn about relationships, if you decide to play the social media game until you get your 1,000 followers and then sit back, thinking you've "made it," you'll fail. Once your followers realize you're not serious about interacting (and they will) you'll lose them. Or worse, your brand will suffer.
Social media is a game changer. Having interaction and meaningful relationships with your customers or clients is here to stay. There is no going back to business as usual (are you listening, Rupert Murdoch? Maybe one of the reasons no one wants to pay for your content is because you don't seem to CARE.)
Genesys, with research firm Greenfield Online and Datamonitor/Ovum analysts, recently released the results of a survey they conducted measuring the costs of poor customer service in the U.S. An estimated $83 billion is lost as a direct result of poor customer service experiences. (For the whole article, read the research brief from the Center for Media Research
here.) Among their findings:
"According to numerous industry researchers, more than 90% of all transactions initiated over the Web are abandoned before any transaction is completed."
"More than 83% of consumers said they would find proactive engagement either a "strong benefit" or would "welcome proactive assistance" when they were stuck on the Web or in self-service."
Engage with your customers. Develop relationships. Find out what they care about, what they want to know. If you sell on the internet, provide a way for customers to easily get help. By being consistent and interacting with your customers, you'll discover what works and what doesn't for your business. Like any relationship, it takes time to grow. Just stick with it.