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 Social media - miracle cure or panacea?
Do fans make good customers?
Wong Wan Ling 27 March 2014
E: wanling@gmail.com
skype: joanisabellewong
http://sg.linkedin.com/in/wanling
http://cardmarketing.blogspot.com
"Try not. Do or do not."
Yoda
Surprised?
Source: iAcquire & Survey Monkey
(http://www.iacquire.com/blog/social-behavior-the-big-game-a-study-with-surveymonkey)
Declining
reach
Source: Oglivy Social
(http://www.ogilvydo.com/facebook-zero/#.Uy6P6fmSxyz)
February 2014, organic
reach hovered at 6
percent, a decline of 49
percent from peak levels
in October.
Organic reach to
approach zero in the
foreseeable future.
The confusion
83% of marketers indicate that
social media is important for
their business. (Source: Social Media
Examiner)
52% of marketers cite
difficulties in accurately
measuring ROI as their biggest
source of frustration in social
marketing. (Source: Adobe)
Retail is the top industry that
has acquired customers
through Facebook. (State of Inbound
Marketing, 2012)
Marketers struggle with lead
generation on Facebook. (Social
Media Examiner)
The
changing
psychograp
h
Source: iAcquire & Survey Monkey
(http://www.iacquire.com/blog/social-behavior-the-big-game-a-study-with-surveymonkey)
The profusion
The profusion
Source: https://conversationprism.com/
Quantification Attribution
MeasurementClutter
The nature of loyalty
Emotional
Loyalty
Psychographic
Loyalty
Transactional
Loyalty
Loyalty can be lifted with the right loyalty levers
Emotional
Loyalty
Psychogr
a-phic
Loyalty
Transactional
Loyalty
Customer Service
&
Product
Development
Interact
&
Engage
Inform
&
Update
Social influences on loyalty levers
Product
Showcase
Brand
Advocacy
News &
Updates
Post-Sale
Support
Com-
munity &
Network
Customer Service
&
Product
Development
Interact
&
Engage
Inform
&
Update
Unexplored
uses
Intelligence gathering
Product development
Business support
Customer service
Product development
 Listed operational hours on the official
twitter account
 Utter unwillingness to respond
timely and effectively
 Updates on train delays / breakdowns
took more than 1hr 20 mins to
disseminate
 Tone of updates - antagonistic &
condescending
 In one major breakdown where 4 trains
were stranded, trapping 1000 passengers
in train cars without ventilation or
lighting, SMRT made a broadcast to their
taxis with income opportunity
messages, while their FB page is
peppered with status updates of
promotions and competitions.
 Cisplays ignorance in real world
circumstances & insensitivity
[Case Study] SMRT A failure in customer
service
SMRT only began their foray into
social media under public pressure
resulting from constant service
stoppages and ineffective early
warnings.
The results were however,
disastrous.
 Hosted an online community 150
opinion leaders in health & nutrition
 Discovery:
 Women had trouble
maintaining their diets
throughout the day
 Result:
 An entire line of 48 products
developed in 16 months
 South Beach line boasted
$100 million in sales in its first
six months on the market
[Case Study] Kraft South Beach product
dev
Kraft Foods partnered with South
Beach Diet to introduce a new meal
and snack product line.
Source: Kraft Tallies $100M in Sales Lift By Tapping Into Online Communities by Amabda F. Batista
http://www.demandgenreport.com/industry-topics/archives/feature-articles/120-kraft-tallies-100m-in-sales-lift-by-tapping-
into-online-communities.html#.Uy6fGvmSxyw
Do fans make good customers? [The role of social media in customer loyalty.]
Can you?
Do you?
Have you?
Timely response
Accurate information
Appropriate channel(s)
Organization ready
Affordability
"Try again, fail again. Fail
better." Samuel Beckett
Ad

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Do fans make good customers? [The role of social media in customer loyalty.]

  • 1. Social media - miracle cure or panacea? Do fans make good customers? Wong Wan Ling 27 March 2014 E: wanling@gmail.com skype: joanisabellewong http://sg.linkedin.com/in/wanling http://cardmarketing.blogspot.com
  • 2. "Try not. Do or do not." Yoda
  • 3. Surprised? Source: iAcquire & Survey Monkey (http://www.iacquire.com/blog/social-behavior-the-big-game-a-study-with-surveymonkey)
  • 4. Declining reach Source: Oglivy Social (http://www.ogilvydo.com/facebook-zero/#.Uy6P6fmSxyz) February 2014, organic reach hovered at 6 percent, a decline of 49 percent from peak levels in October. Organic reach to approach zero in the foreseeable future.
  • 5. The confusion 83% of marketers indicate that social media is important for their business. (Source: Social Media Examiner) 52% of marketers cite difficulties in accurately measuring ROI as their biggest source of frustration in social marketing. (Source: Adobe) Retail is the top industry that has acquired customers through Facebook. (State of Inbound Marketing, 2012) Marketers struggle with lead generation on Facebook. (Social Media Examiner)
  • 6. The changing psychograp h Source: iAcquire & Survey Monkey (http://www.iacquire.com/blog/social-behavior-the-big-game-a-study-with-surveymonkey)
  • 10. The nature of loyalty Emotional Loyalty Psychographic Loyalty Transactional Loyalty
  • 11. Loyalty can be lifted with the right loyalty levers Emotional Loyalty Psychogr a-phic Loyalty Transactional Loyalty Customer Service & Product Development Interact & Engage Inform & Update
  • 12. Social influences on loyalty levers Product Showcase Brand Advocacy News & Updates Post-Sale Support Com- munity & Network Customer Service & Product Development Interact & Engage Inform & Update
  • 13. Unexplored uses Intelligence gathering Product development Business support Customer service Product development
  • 14. Listed operational hours on the official twitter account Utter unwillingness to respond timely and effectively Updates on train delays / breakdowns took more than 1hr 20 mins to disseminate Tone of updates - antagonistic & condescending In one major breakdown where 4 trains were stranded, trapping 1000 passengers in train cars without ventilation or lighting, SMRT made a broadcast to their taxis with income opportunity messages, while their FB page is peppered with status updates of promotions and competitions. Cisplays ignorance in real world circumstances & insensitivity [Case Study] SMRT A failure in customer service SMRT only began their foray into social media under public pressure resulting from constant service stoppages and ineffective early warnings. The results were however, disastrous.
  • 15. Hosted an online community 150 opinion leaders in health & nutrition Discovery: Women had trouble maintaining their diets throughout the day Result: An entire line of 48 products developed in 16 months South Beach line boasted $100 million in sales in its first six months on the market [Case Study] Kraft South Beach product dev Kraft Foods partnered with South Beach Diet to introduce a new meal and snack product line. Source: Kraft Tallies $100M in Sales Lift By Tapping Into Online Communities by Amabda F. Batista http://www.demandgenreport.com/industry-topics/archives/feature-articles/120-kraft-tallies-100m-in-sales-lift-by-tapping- into-online-communities.html#.Uy6fGvmSxyw
  • 17. Can you? Do you? Have you? Timely response Accurate information Appropriate channel(s) Organization ready Affordability
  • 18. "Try again, fail again. Fail better." Samuel Beckett