how social media can turn problems into opportunities

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How Social Media Can Turn Problem into Opportunities when customers have a good experience, they may tell five of their friends about it. But if they have a bad experience, they’ll tell everybody.

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Page 1: How Social Media Can Turn Problems into Opportunities

How Social Media Can Turn Problem into Opportunities

when customers have a good experience, they may tell five of their friends about it. But if they have a bad experience, they’ll

tell everybody.

Page 2: How Social Media Can Turn Problems into Opportunities

So how does a business committed to good customer service respond to that?

Fortunately, today we have social media marketing to help turn bad situations into good ones. Now, with all of the digital tools available to merchants, it’s possible to respond – in real time – to customer concerns in ways that can quickly turn negative opinions around.

Page 3: How Social Media Can Turn Problems into Opportunities

1065 U.S. adults who engaged in 2010 holiday shopping were surveyed by Harris Interactive and RightNow in January, 2011.

Page 4: How Social Media Can Turn Problems into Opportunities

One of the most impressive things the study uncovered was the fact that 68% of consumers who posted a complaint on sites like Facebook, Twitter, Yelp and Citysearch were contacted by the retailer!

Page 5: How Social Media Can Turn Problems into Opportunities

We find that statistic to be an excellent testimonial to the power of social media networking, because that kind of response rate simply wasn’t possible before the advent of social media.

Page 6: How Social Media Can Turn Problems into Opportunities

For that matter, before social media it also wasn’t possible for consumers to have such loud and audible voice, either.

Page 7: How Social Media Can Turn Problems into Opportunities

On the negative side, if 68% of the retailers who received bad reviews reached out to the complaining consumers, it means that 32% of the unsatisfied ones were ignored.

Page 8: How Social Media Can Turn Problems into Opportunities

The survey points out that of those consumers who didn’t get a response, 61% of them would have been “shocked” if they did.

Page 9: How Social Media Can Turn Problems into Opportunities

But for the proactive merchants who bothered to reach out, the Harris study further revealed that after unsatisfied customers were contacted, 34% of them deleted their original negative review or complaint.

Page 10: How Social Media Can Turn Problems into Opportunities

Another 33% followed up with a positive review, and 18% placed orders for more merchandise.

Page 11: How Social Media Can Turn Problems into Opportunities

Imagine that. Simply by responding to negative feedback, retailers were able to convert 18% of complainers into repeat customers!

Page 12: How Social Media Can Turn Problems into Opportunities

That’s what we call turning lemons into lemonade.

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