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June 21, 2009

Did I hear a twitter ?

The rise of social networks like Twitter and Facebook has given customers new channels to express their opinions. Customers are increasingly using these channels to vent their anger or deliver glory to a product/service. A significant growth in unique visitors to these social networks when compared to mainstream news site like cnn.com has prompted businesses to take notice and start to use these channels.

Incorrect information that persists on net can be perceived as the truth. The information gets replicated and if businesses do not actively address the issue, the perception can start to feel like the truth. Take the case of the Irish student who as part of a social experiment added a fake quote to Wikipedia about a composer that then got published in various newspapers around the world. Everybody believed it to be the truth, until the student emailed the newspapers about the fake quote.

In a recent article about using Twitter for Business, the author lays out five use cases.

1. Voice of the Customer – Listen to what customers are talking about a product or a service. Companies can use the Twitter search or more sophisticated tools like monitter.com to listen when customers talk.

2. Proactive Customer Service – The next step is to act when customers complain or experience bad customer service. Pro-actively addressing the concerns raised can help restore some of the negativity in the marketplace the tweets generate.

3. Recruitment – The author makes a case that Twitter can be used as a recruitment tool by companies for future employees. I am not too sure that this can actually work but as per him some companies are doing this.

4. Customer feedback – Once you create a following on Twitter, you can use this channel to gather feedback on your products. You can direct customers to use web based tools like SurveyMonkey and gather the feedback.

5. Viral Marketing – The social nature of Twitter can be used as a channel in a campaign. The idea is not to run your campaign on Twitter but to integrate into the campaign as a channel.

Lots of companies have started using Twitter for business including British Airways and American Honda. A list of them can be found at the socialbrandindex. It’s become vitally important to listen to the customer and to gather feedback. Whether Twitter or Facebook were a medium to satisfy that requirement was a question in many people’s mind. To twit or not to twit. That was the question. Not anymore.

October 8, 2009

Join us at Oracle Open World 2009

Listed below are sessions on Social CRM and Sales Productivity during Oracle Open World 2009.  We hope to see you there! 

S311891: CRM Innovations for Sales Productivity
Presenters: Mandeep Bhullar, Brian Kelly, Tarak Patel, Oracle
Learn more about how Oracle Sales Prospector mines your past sales data and intelligently identifies quality leads, enabling Sales to sell more effectively and efficiently; Oracle Gadget Wizard for Google Apps enables you to build CRM gadgets without any programming knowledge; and the new integration with IBM Lotus Notes and Microsoft Outlook enable you to manage your CRM data in the desktop applications your users already use.
Monday 10/12/2009 16:00 - 17:00 Moscone West Room 2010

S310763: Social CRM Applications: Strategy Overview and Road Map
Presenter: Mark Woollen, Oracle
Learn how organizations can use Oracle's social CRM applications to improve business results and build engaging customer relationships.
Tuesday 10/13/2009 11:30 - 12:30 Moscone West Room 2009

S310771: Harness the Intelligence in Your Social Networks with Social Applications
Presenter: Tara Roberts, Oracle
Oracle's social CRM applications are the tools sales professionals need in order to boost their productivity and results through the productivity social networks of their peers.
Tuesday 10/13/2009 13:00 - 14:00 Moscone West Room 2009

S310746: Optimizing Sales with Oracle CRM On Demand
Presenters: Chris Haven, Oracle; Matthieu Jusserand, Carlson Wagonlit Travel
Come to this session to learn how customers are using new capabilities in Oracle CRM On Demand to increase revenue, reduce costs, and make more members of the sales team peak performers.
Wednesday 10/14/2009 10:15 - 11:15 Moscone West Room 2001

S311006: Improve Margins with Oracle CRM On Demand or Siebel Deal Management
Speakers: Tarak Patel,Billy Turchin, Oracle
In this session, learn how to strategically manage price to increase margins throughout the deal lifecycle with Oracle CRM On Demand Deal Management and Siebel Deal Management.
Wednesday 10/14/2009 10:15 - 11:15 Moscone West Room 3016

S310782: Mobility Solutions and Road Map for Siebel CRM and Oracle CRM On Demand
Presenters: Raj Aggarwal, Hody Crouch, Oracle
See how Siebel Mobile solutions, Siebel Handheld, Siebel Wireless, and Oracle Mobile Sales Assistant can be used to improve efficiency and effectiveness within your organization.
Wednesday 10/14/2009 11:45 - 12:45 Moscone West Room 2009

S310773: Sharing Content through Social Networks to Boost Productivity
Presenters: Eric Ho, Alicia Wu, Oracle
This session highlights key capabilities of Oracle Sales Library and Oracle Sales Campaigns to empower your sales and marketing professionals with the collective knowledge of their social networks.
Thursday 10/15/2009 09:00 - 10:00 Moscone West Room 2009

S311019: Siebel Sales: Strategy and Overview
Presenter: Rajit Joseph, Oracle
The presentation focuses on Siebel Sales and provides information on the latest product releases, updated road maps, and customer successes across industries.
Thursday 10/15/2009 10:30 - 11:30 Moscone West Room 2009

Registered attendees can pre-enroll in these sessions. If you haven't registered yet, it's not too late!

About Social Networks

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