Facebook Is the Future of CRM

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					        CONNECT
        BY   CLARA SHIH




    Facebook Is the Future of CRM
                 Only social media can put the customer back into CRM


                O
                              N C E A D E C A D E , a technology emerges      to generate high-quality—and highly qualified—leads
                              that fundamentally changes the business         while respecting individuals’ privacy preferences.
                              landscape. In every case, companies that un-
                              derstand the technology win out. The 1970s      CUSTOMER-CENTRIC CRM
                 had mainframe computing, and the ’80s brought us the         Thanks to social media, people are sharing more about
                 personal computer. In the 1990s, the Internet revolu-        themselves online than ever before. Everything individ-
                 tionized communications. Today, social technologies are      uals share about themselves on their profiles, including
                 rewriting all the rules.                                     hometowns, alma maters, jobs, and hobbies, can be
                    Welcome to the World Wide Web of people, an era of        used by marketers and sales to personalize—and even
                 human connectivity on a scale never before seen, and al-     “hypertarget”—communications. With hypertargeting,
                 tering every aspect of the customer life cycle.              marketers can specify which audience segments see
                    Marketers and salespeople need to be where custom-        which ads—people with, say, “chief information offi-
                 ers are, and need to communicate through the chan-           cer” or “marketing” in their job titles.
                                                 nels customers prefer.          Social CRM applications can enable users to view so-
                                                 That means participat-       cial media profiles and connections from within their
   sales                  orce.com               ing alongside the 300 mil-
                                                 lion people on Facebook
                                                                              lead and contact records to learn more about prospects
                                                                              and build better relationships with customers, improv-
                 worldwide, and the 45 million on Twitter, and recog-         ing the customer centricity of their interactions.
                 nizing these sites as important sources of information.         And just in time, too. Prospects will no longer tolerate
                    Facebook, Twitter, and other social sites have become     a generic, product-centric sales pitch. They expect you to
                 CRM for individuals. They’re how a growing number of         have done your homework about their company, indus-
                 people manage relationships across personal and profes-      try, and personal preferences, and to come prepared.
                 sional realms. Social media is reminding us—and ven-
                 dors—that CRM should be about customers, not                 CUSTOMER-DRIVEN CRM
                 technology. The future of CRM will be transparent,           The World Wide Web of information was content over
				
DOCUMENT INFO
Description: Once a decade, a technology emerges that fundamentally changes the business landscape. Welcome to the World Wide Web of people, an era of human connectivity on a scale never before seen, and altering every aspect of the customer life cycle. That means participating alongside the 300 million people on Facebook worldwide, and the 45 million on Twitter, and recognizing these sites as important sources of information. Facebook, Twitter, and other social sites have become CRM for individuals. Social media is reminding people -- and vendors -- that CRM should be about customers, not technology. Social CRM applications can enable users to view social media profiles and connections from within their lead and contact records to learn more about prospects and build better relationships with customers, improving the customer centricity of their interactions.
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