Tuesday, June 28, 2011

The Flipside of Social Media

If you work in marketing, chances are you’ve heard this cautionary tale: “customers who had an awful experience will share their negative incident with an average of 12 other people. In turn, each of those 12 people will mention the occurrence to six others.” This statistic was culled from a website published in August 2009 (Just two years ago). Today, due to the amount of people using Facebook, Twitter, and other social networking sites, I feel confident that those numbers have skyrocketed. For example, if I tell my 1,000 “friends” on Facebook about a negative experience I had in dealing with a company, according to this stat, collectively they would go on to tell another 6,000 people; totaling 7,000 people who heard about my experience. Clearly these are rough estimates, but my point is that a person’s voice has far more reachnow than it did a few years ago-- and companies not only need to monitor what’s being said about them, but embrace it!

Social Media is a great way to see what’s being said about any company. But on the reverse, it’s even better as a way for a company to tell customers how they feel about them. Imagine this – you just finished depositing a check at your bank and you receive a Facebook or Twitter message on your smart phone. It’s from the bank, and they’re thanking you for doing business with them today. Or, you’re opening an account at a credit union-- The representative asks if you use Twitter. You provide your user name and within a few minutes, the digital screen in the lobby displays a twitter feed from the credit union directly to YOU. They are welcoming you to the credit union and thanking you for your business. Both situations would let the customer know they are appreciated and add to the
WOW experience companies strive to achieve.

Most companies use Social Media as a method of monitoring negative comments. What if your company used it to create positive word-of-mouth on the internet? By speaking to your customers via Twitter, Facebook, or other social media sites, thousands of people will potentially see that communication. So, instead of thousands of people reading about a bad experience, they’ll read about their friends’ or family’s great experiences with your company.


Hyper Smash