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Tag: big data (Page 12 of 14)

6 Minutes on Wednesday: Social Focus

Take 6 minutes today to plan your social approach!

Minute 1:    I am known for (two to four things) today. By this time next year, I want to be known for (two to four more things)

Minute 2:   My public visibility program includes: x, y, and z .  Examples:  Buy Google URL, Jump into LinkedIn:, Blog – Be Brave and start one! ,     Tweet!

Minute 3:  Grow a core community of enthusiasts to:   Build a loyal brand army that makes your success their cause, Harness their goodwill to generate insight, Increase your engagement in important conversations

Minute 4:  Examination:  Is social media right for your business? Is your community online? Find out which platforms they prefer and what they need from you.

Minute 5:  Engagement: How can you bring value to the conversation? What can you add that will engage your target audience & influencers?

Minute 6:  Execution & Experimentation:  You need a plan. Start small, but have a roadmap for engagement and experimentation short/long term. Remember that even experimentation is a process – you must have anticipated outcomes and be systematic.

In the Future, CMO buys more than the CIO. 2017 right around the corner. Per Gartner.

One of the major reasons is that CMOs will be leveraging big data, mobile and social.    Social Media becomes a word of mouth channel. 

This new channel drives understanding of customer behavior and allows you to determine if you want to approach them and how you should approach them, respecting their privacy throughout the process.   Through real time social media techniques, like blogging or online chat, you can determine if someone needs assistance, or if they are really focused on a particular topic.  It offers an opportunity to interact with a person in a nonthreatening manner.

During the process, there is an opportunity for a transformation to occur with the person — from information gatherer, shopper, potential prospect and then ideally into a customer.  In addition, real time chat enriches the customer experience. At IBM, for example, its online chat capability increased its leads, improved customer satisfaction, and drove up sales productivity In the first 3 months of operation on the IBM SOA site, there were over 2,845 chats, resulting in 182 validated leads!  Online chatting provides assistance “just in time” not waiting in a reactive mode where someone has to click on a button to ask for someone to contact them at a later time.  It gives you the ability to have a conversation with your prospects when they’re most receptive — while they are on your website or on your Twitter Channel actively gathering information.  For example,  a manufacturing company has been using conversations on Twitter to drive sales.  In the first year since utilizing Twitter as a promotional tool, the company generated over $500,000 in revenue in sales of refurbished systems.

Guiding principles:

  • Skills matter.  The presence you put out there in front of prospects is very important, so you want your best and brightest reps doing the real time chats.  They need to be very knowledgeable about the products and services not simply communicating at a high level.
  • You need to understand the etiquette for inviting people to chats and for chatting with them once they accept.  For example, don’t immediately pop up an invitation within the first 30 seconds that a person is on your site — it’s pushy.
  • New Customers.  Social media is a way to reach new customers.  For Dell, Twitter represented a new way to reach customers and they claim that per their latest surveys, a significant portion of people who bought through Twitter were not aware of the Dell Outlet before Twitter.

3 Cool Social Products!

I discovered these interesting products on social.

I’d love ones that you’ve seen!

  1. Higi –It like a Klout score that combines your  eating and activity habits, all the while ranking your score, scoring pictures of food for calories and protein , etc.   They have ‘stations’ set up in drugstores so that you can weigh in, test your blood pressure, etc while combining your “community”  or friends into your overall score.  VERY cool!
  2. Virtual Receptionist / Concierge  — So you are a smaller or medium company and you cannot afford an assistant, see this video that allows you to have a virtual and smart assistant.   Very furturist — I just landed at an airport and I was directed by an virtual concierge!
  3. Cuelight Pool Table – Yes, gaming!  Cuelight allows you to transform any pool table into a digitally-enhanced video experience. High-definition imagery responds in real-time to every shot. User-selectable themes yield infinite possibilities.   It is real and is already in the Paradise Tower Penthouse, Hard Rock Hotel & CasinoTM, Las Vegas and the Esquire SoHo apartment.  Check it out!

Social Selling — Why is it important?

Social media is used everywhere and is crucial to think through as a sales avenue:

  1. 1 of 5 minutes is spent online
  2. 3 in 5 IT decision makers learn about new products
  3. 57% of decision made before Sales contact
Social selling drives (per Aberdeen Group, Collaborate, Listen, Contribute: How Best-in-Class Sales Teams Leverage Social Selling, Nov 2012)
  1. 30% more team attainment of sales quota
  2. 21% more reps achieve quota
  3. 15% increase in customer renewal rate

Who is a Social Seller?   The social seller doesn’t just use social tools — they have a different approach.   They are:

  1. A Trust-builder
  2. An Idea challenger
  3. A Customer Advocate
  4. A Conversation Partner
  5. THE Go-to Person
sales quote

A (Social) Business in Motion – What does this mean?!

I was just at the IMPACT conference, and a new term came up  — A business in motion!  I loved it.    It is dynamic and a living organization!  A business in motion is ready to meet customers on their terms, with a complete understanding of each customer, used to create deeper, more meaningful engagements.

Here’s what I learned about in terms of the imperatives for a Business in Motion!
5 key imperatives:

  1. Put mobile first, because this is the first point of engagement for your customers, partners and employees.
  2. Social Everywhere.   Reinvent the way you work in the market — this is the new norm.
  3. Reinvent your design and business processes to meet new expectations for instant, seamless and insightful interactions
  4. Adopt a flexible and secure integration model so that back-office systems can keep pace with rapid change
  5. Be Insight and Data Driven to uncover opportunities, build efficiencies and make informed decisions

What do you think?

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