As I was doing research for an upcoming presentation on digital branding, I came across some interesting stats that I believe have big implications for B2B marketers.
First, JD Power’s “Social Media Benchmark Study” provided showed that 2/3 of consumers used social channels for customer support, versus 33% who used social media to access marketing information. This is a consumer study, but B2B buyers are people, too, and it’s not a big leap to expect their habits as consumers influence their behavior in B2B interactions.
Second, American Express reported in 2012 that its research found social media users are willing for pay a 21% price premium to do business with companies that provide exceptional service. These buyers are also significantly more likely to say that they have not completed an intended purchase because of poor customer service.
These social media users will tell more people about a good experience, and they will also spread the word at a far greater rate about bad experiences.
Unfortunately, a large percentage of service requests and concerns expressed through social media are ignored. While businesses may engage in social listening, that doesn’t mean they’re responding!
Understanding trends in how customers want to be served is essential for B2B marketers whose goal is to build a brand that stand out. Superior service is a clear differentiator for business offerings as well as consumer markets.
It’s tempting to focus all our efforts on social media campaigns, contests and content. Doing so overlooks a huge opportunity to create brand experiences that build value for business-to-business customers.
Simply providing exceptional service can mean the difference between added brand equity and declining profits as customers go elsewhere. Taking cues from consumer marketing, B2B CMOs should be looking for ways to deliver customer-centric experiences.
Listening, responding and following up on social media requests sounds like a no brainer, but it’s not. Harnessing social media tools is one piece of the puzzle. Appropriate technology is required so that internal support teams can capture feedback and act on it, and fortunately these tools are readily available and quite affordable.
At the same time, internal teams need to be primed to take action. They should be trained to interpret messages that may seem – at least on the surface – to be innocuous. When a buyer expresses general frustration or disappointment, there is probably a deeper issue at stake that is worth pursuing.
Being proactive in reaching out to customers that voice concerns, even when they don’t mention your company by name, is a great place to start. Once those issues are identified, you need a process to track responses and ensure satisfaction beyond the social interaction.
Taking an issue offline at the appropriate time can create a more personal connection that reinforces brand value and leads to future sales.
When looking to expand your culture of social support, a corporate social media “Center of Excellence” can help. A cross-functional team can be very useful to establish corporate policies and procedures on how support requests surfaced through social media are handled.
If you have concerns about the progress of your B2B branding efforts, I’d encourage you to take a holistic look at your customer experience. Ask some probing questions like:
- Are you able to capture customer complaints via social media?
- Are all your touch points (social, email, chat, call centers) delivering consistent messages?
- Are customer concerns given the same priority as sales opportunities, or does you company treat them as a distraction or nuisance?
- Is the response offered via social media meeting customer expectations?
- Are you proactively connecting with customers and prospects not just for sales, but for service as well?
With a little digging, you’ll quickly determine if you should step up your social media support to create a positive impact on your customer experience – and your brand.
- Social Media Spring Cleaning: 5 Tips to Brush Up Your B2B Brand (windmillnetworking.com)
- Four Steps to Optimizing Your B2B Mobile Customer Experience (socialmediatoday.com)
- Being B2B and Socially Savvy (socialmediaclub.org)
Image courtesy of Stuart Miles / FreeDigitalPhotos.net
TOPIC: B2B Social Media