by Fronetics | Mar 7, 2017 | Blog, Logistics, Marketing, Social Media, Supply Chain
Social listening can help your business gain valuable insight about prospects, monitor your competitors, turn around negative conversations about your company, and earn social influencers.
Every day, conversations are taking place about your company, your products and services, your industry, and your competitors. These conversations are not just happening over the water cooler: They are happening on social media.
These conversations not only provide invaluable (and often strategic) information, they also serve to shape and define your company and your brand. With the advent of social media, the reality is that is the customer who drives your company’s image and brand message. If your company isn’t on social media, you miss out.
Social listening — 4 key benefits
Social listening, or social monitoring, is the process of monitoring social media to identify and assess what is being said about a company, individual, brand, product, or service. Through social listening, your company can gain market intelligence. You learn how your company, products, and services are being perceived. Knowing this information in real time is invaluable.
Here are 4 ways social listening can benefit your business and help you grow revenue.
1. Gain valuable prospect insight
Social media can be an incredible tool for getting to know your leads. Think about it: Social networks possess massive amounts of self-qualified, real-time data about billions of people. Consider the astonishing number of monthly active users on each platform:
- Facebook: 1.86 billion
- LinkedIn: 467 million
- Twitter: 319 million
- Instagram: 600 million
That’s a lot of potential customers. Now think about all of the details users provide on their social profiles and the kinds of things they post about: their preferences, where they live and work, and how they feel about different companies and brands, to name a few. Social listening lets you mine this information to learn about your prospects and customers.
2. Stay ahead of the competition
Social listening allows you to access valuable information about your competitors. You can see what customers are saying about your industry peers and make strategic decisions based on this knowledge. Using programs like Hootsuite, you can monitor keywords and your competitors’ brands and products. Based on your findings, you can make critical changes or create content to increase your brand awareness.
3. Create tone awareness
You know customers are talking about your company, but is the tone a positive one? And if it’s not, how are you responding? Social listening gives you the opportunity to take a negative customer-service situation and not only correct the problem, but improve the customer relationship. By having a personal response to negative comments on social media, your company shows a genuine concern for its customers and an investment in customer satisfaction.
4. Earn key influencers
People value the reviews of their peers over claims from a corporation. In fact, 93% of millennials have made a purchase based on a recommendation from friends and family, and 89% of millennials trust these recommendations more than they do the claims of the brand itself. Hence the rise of the influencer marketing.
Social media influencers are people that encourage others to work with your business through social networking. According to Sprout Social, “Social media managers prize their social media influencers because they drive engagement, discussions and word of mouth for your brand.” Real people talking about their experiences with your products and services helps foster trust in new customers.
Using social intelligence
To reap the benefits of social listening, including increasing your revenue, you need to use the information and intelligence gathered. For example, if you learn via social media that your customers are experiencing issues with a specific product, take steps to determine what the issues are, and then make the appropriate changes.
The Aberdeen Group offers additional examples of how businesses have and can use social listening: “Companies can use the voice of the customer to make critical adjustments and find issues related to inventory allocation, order management, returns management, cost, overall service satisfaction and beyond.”
The opportunities the supply chain and logistics industries can realize through social listening are great. Not participating in social listening results in missed opportunities.
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by Fronetics | Apr 28, 2016 | Blog, Marketing, Social Media, Strategy
In today’s digital world, it is amazing that many businesses, particularly those in the supply chain and logistic industries, are still questioning whether they should be on social media. The simple answer is yes — social media channels are the ideal place to brand, market, and grow your business.
Here are five reasons why your company should be on social media.
1. Lead generation.
Sales teams can also use social media as a lead-generation tool. Social media takes the old marketing billboard and makes it a conversation, which is a huge benefit to businesses who use it well.
2. Trust and thought leadership.
Though the results are not instant, the amount of time and marketing dollars you spend on social media pays off. How long will it take? That varies depending on your business and your sales cycle. But by distributing quality content and engaging customers through these channels, you eventually will establish your company as a knowledgeable, thought-leader in your industry. This creates a level of trust with potential customers, which is invaluable to securing the sale down the road.
3. Brand awareness.
Social media not only builds your brand but can expand your content’s reach. Those who follow you and enjoy your content will “like” and share it, meaning their followers will see it, thus expanding your audience. This makes your reach virtually limitless, providing that your content is compelling, engaging, and worthy of sharing.
4. Business intelligence.
Being on social media keeps you on top of the latest trends; it is a valuable business tool. You not only engage potential customers, but you can learn what they are looking for, what your competition is doing. It can also provide data that serves as a strategic compass to generate ideas and guide the direction of your business in the future.
5. Talent acquisition.
You can find new talent for your company through social media, which gets you connected with qualified job-seekers and streamlines the search process.
Harvard Business Review surveyed 2,100 companies and found that 79% use or plan to use social media. But, only 12% of those organizations felt that they were using social media effectively. The fact is unless you are using social media correctly, you will probably not see the results that you desire.
Content needs to be fresh, engaging, informative and sometimes entertaining. You need to post consistently and respond to questions that are posted by your readers. (You are creating a relationship, after all.) All of this may seem daunting, but the reward is a highly visible, respected, presence within the social media community. Your business can strategically reach a myriad of potential customers online, which as you know, can be a game-changer in its potential for growth.
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by Fronetics | Mar 11, 2014 | Blog, Data/Analytics, Marketing, Social Media, Strategy
How people access your website and navigate your website can provide you with a lot of information not only about your website’s visitors, but also about your company and the products and services you provide. Unfortunately, many companies don’t know that this information exists and therefore they leave a wealth of strategic data unexamined. The data does exist – and it is free and easily accessible.
This goldmine of strategic data is available via a tool called Google Analytics. Google Analytics provides users with powerful data about website traffic. The amount of data available through Google Analytics is massive. Likewise the knowledge one can learn from the data is massive. Here are just four things Google Analytics can tell you:
How many customers actually look at your website
Having a website is essential. However, a website does your company no good if customers are not finding your website and are not accessing the site. Google Analytics provides you with data on the total number of visitors to your site as well as the number of unique visitors and the number of new visitors.
How visitors use your website
Google Analytics provides data on the path each visitor takes when they visit your site. You can follow the path of each visitor – from the first page they looked at, to the last page they looked at. This information give you information on what drew the visitor to your site, what they were looking for, what they were interested in once they arrived, and provide you with information on why they left the site. For example, did they leave once they made a purchase? Or did they not find what they were looking for and leave your site immediately?
What visitors like and what they don’t like
Google Analytics provides data on the number of visitors per page. By looking at this information you can tell what products or services are most popular and what are the least popular. From this you can make strategic decisions about your company’s products and services. For example, is it time to revamp your product line? Or do you just need to revamp your website content?
How do visitors view your website
What technology do visitors use when viewing your site? Do they use a mobile device, a tablet, or a computer? Knowing this information will help you to optimize your site so as to cater to your visitors. For example, if you find that the majority of visitors are accessing your website via a tablet or mobile device you want to make sure that your website is friendly to this technology.
What are your website’s traffic sources
Google Analytics breaks down traffic sources into four categories: direct, referral, organic search, and social. Once you know how traffic is coming to your website you can make necessary adjustments to your marketing and advertising strategies. Furthermore, you can identify which strategies currently in place are working and which are not.
Setting up Google Analytics is free and is relatively easy. Google provides a step by step guide, and there are also a number of YouTube videos available. Once you have set up Google Analytics use it – and use it to your advantage. The data provided is real time and will therefore enable you to understand what you need to do now in order to attract customers and engage customers.
by Fronetics | Mar 11, 2014 | Blog, Data/Analytics, Marketing, Social Media, Strategy
How people access your website and navigate your website can provide you with a lot of information not only about your website’s visitors, but also about your company and the products and services you provide. Unfortunately, many companies don’t know that this information exists and therefore they leave a wealth of strategic data unexamined. The data does exist – and it is free and easily accessible.
This goldmine of strategic data is available via a tool called Google Analytics. Google Analytics provides users with powerful data about website traffic. The amount of data available through Google Analytics is massive. Likewise the knowledge one can learn from the data is massive. Here are just four things Google Analytics can tell you:
How many customers actually look at your website
Having a website is essential. However, a website does your company no good if customers are not finding your website and are not accessing the site. Google Analytics provides you with data on the total number of visitors to your site as well as the number of unique visitors and the number of new visitors.
How visitors use your website
Google Analytics provides data on the path each visitor takes when they visit your site. You can follow the path of each visitor – from the first page they looked at, to the last page they looked at. This information give you information on what drew the visitor to your site, what they were looking for, what they were interested in once they arrived, and provide you with information on why they left the site. For example, did they leave once they made a purchase? Or did they not find what they were looking for and leave your site immediately?
What visitors like and what they don’t like
Google Analytics provides data on the number of visitors per page. By looking at this information you can tell what products or services are most popular and what are the least popular. From this you can make strategic decisions about your company’s products and services. For example, is it time to revamp your product line? Or do you just need to revamp your website content?
How do visitors view your website
What technology do visitors use when viewing your site? Do they use a mobile device, a tablet, or a computer? Knowing this information will help you to optimize your site so as to cater to your visitors. For example, if you find that the majority of visitors are accessing your website via a tablet or mobile device you want to make sure that your website is friendly to this technology.
What are your website’s traffic sources
Google Analytics breaks down traffic sources into four categories: direct, referral, organic search, and social. Once you know how traffic is coming to your website you can make necessary adjustments to your marketing and advertising strategies. Furthermore, you can identify which strategies currently in place are working and which are not.
Setting up Google Analytics is free and is relatively easy. Google provides a step by step guide, and there are also a number of YouTube videos available. Once you have set up Google Analytics use it – and use it to your advantage. The data provided is real time and will therefore enable you to understand what you need to do now in order to attract customers and engage customers.
by Fronetics | Mar 4, 2014 | Blog, Logistics, Marketing, Social Media, Strategy, Supply Chain
Innovation is a powerful way to drive growth. However, traditional approaches taken by companies to develop innovative products and services are increasingly being found to be unsuccessful in creating growth. The traditional siloed approach to R&D is too insular for today’s rapidly changing economic environment. Moreover a top-down approach to R&D no longer works given our consumer driven marketplace, and the instant gratification consumers now demand. How then can your company successfully develop new products and services? How can your company innovate faster? How can your company innovate better? Harness social media as an innovation engine.
According to a March 2014 report by eBizMBA Facebook has an estimated 900 million unique users each month. Twitter has an estimated 310 million unique users each month and LinkedIn sees an estimated 250 million users monthly. Conversations are taking place on these social networks about companies and about specific products and services. These conversations can provide your company with a wealth of information and can be a source of innovation – innovation that can drive growth.
You can leverage social media an as innovation engine by monitoring the conversations taking place about your company and your products and services. What are customers saying? What do customers like? What do they dislike? Are there questions that are repeatedly being asked by customers about your company and/or a specific product or service you offer? Don’t dismiss feedback provided by customers via social media; embrace it and its honesty. Learn from the feedback provided. Engage with customers to learn more. Use the intelligence that you gain from social media to fuel innovation.
Turn to social media to learn about creative ways customers are using your products. Ikea products are constantly being “hacked” or used in ways that the company had not intended. Learning “off-label” uses for your products can help you to identify needs within the marketplace, new marketing opportunities for your products, and can generally get your creative juices flowing.
Look at social media to identify trends. Is there a way that your company can take advantage of specific trends? Can you introduce a new product or service? Can you re-purpose a product or service to meet the demands of a specific trend? Even more basic, if you already have a product or service that is trendy, make people aware that you have what they want. How to do this? One way is to engage with them on social media.
In addition to monitoring conversations focused on your company, monitor conversations that are taking place about your competitors. What are customers saying about your competitor and their products and services? What do customers like about your competitor’s products? What do they not like? Are your customers using your competitors products in an off-label way? All of this information can be used to fuel innovative for your company.
David Burkus, founder of LDRLB and assistant professor of management at Oral Roberts University, wrote that “in most organizations, innovation isn’t hampered by a lack of ideas, but rather a lack of noticing the good ideas already there.” The conversations taking place via social media offer a wealth of good ideas. Your company can capitalize on the information and intelligence provided, or you can ignore it. If you choose the former you can turn social media into an innovation engine for your company – one that will help your company grow not in spite of, but because of the current environment and customer demands.
A version of this post was previously posted on DC Velocity.
