ROI of Social Media in Customer Service
Posted by Tom Humbarger on May 29, 2009
Forrester’s Natalie Petouhoff spoke at the Social Media Club of Los Angeles on Wednesday night, and she discussed the importance of using social media in customer service communities. Using social media is more than implementing the tools, it’s “building a community that interacts with each other on an ongoing basis.“ Natalie noted that a ‘perfect storm’ exists today with the collision of increasing customer dissatisfaction with companies wanting to do more with customer service and the growing use and influence of social media tools.
Here are the 2 most important things you need to know about what she discussed:
- Social media activities have a big impact on customer service
- The conservative ROI on customer service communities is 100% with a payback of less than 12 months
She also shared some of the revenue improvements and cost savings that are direct benefits of customer service communities:
|Revenue Improvements||Cost Savings|
Finally, she talked about how companies need to track a customer’s social value along with their lifetime value. Customer advocates need to be recognized, acknowledged and thanked. Even customers who are saying negative things about your brand or product can be turned by acknowledging their concerns and reaching out to them.
This entry was posted on May 29, 2009 at 10:22 am and is filed under Uncategorized. Tagged: community, cost savings, customer service, customer service communities, Forrester, natalie petouhoff, revenue improvements, roi, smcla, social media, social media club los angeles. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.