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Lezione 2




Lesson 2
Understand, monitor and measure




             - 40 - Max Ramaciotti
Homework




Introducing
    your
Companies
    - 41 - Max Ramaciotti
Untitled




- 42 - Max Ramaciotti
“Consumers have more choices than ever
before. More media choices, more choices
or products and services. There arenʼt
three TV networks; instead, there are a
million (literally) things to watch on
YouTube. There arenʼt a dozen radio
stations; there are a million (literally) online.
As a result, the consumer has the power to
say, “If Iʼm not interested in what you have
to say, I wonʼt watch it. Iʼm not a hostage
any longer.”
Seth Godin in his book, Meatball Sundae   http://sethgodin.typepad.com/

                                                     - 43 - Max Ramaciotti
Pool:
 your entertainment
    consumption
       habits
http://tinyurl.com/yar363n
          - 44 - Max Ramaciotti
Pool input


Online Data Colection




                        - 45 - Max Ramaciotti
Results




- 46 - Max Ramaciotti
Crossmedia consumption



Some evidences

People aged 12 - 24 are notching up 23 cumulative hours a day,
engaged in up to five activities simultaneously.
NMA, April 2009


On the phenomenon of "continuous partial attention": over 25% of
Internet users surveyed in the UK, FR, DE, IT, US, and Japan in
October 2008 said they go onto the Internet at the same time as
watching TV "most of the time".
Ofcom, November 2008


36% of UK broadband users (aged 16-55) state they have both the
TV and Internet on in the same room every day. On weekdays the
time when TV and Internet multi-tasking is most likely to happen is
around 8pm in the evening.
TNS/YouTube Media & Audience Study (broadband users aged 16-55), December 2008




                                         - 47 - Max Ramaciotti
So What?




 So
what?
  - 48 - Max Ramaciotti
ADV: time and expenditure


Time & Investments
                                                                                      One of the biggest reasons to be
                                                                                      hopeful about the outlook for the
                                                                                      continued growth of the Internet
                                                                                      advertising industry is that when you
                                                                                      look at the time U.S. consumers
                                                                                      spend on the Internet versus the
                                                                                      amount of ad dollars which go there,
                                                                                      the proportions are out of whack. As
                                                                                      recently as 2008, U.S. consumers
                                                                                      spent 38 percent of their media
                                                                                      consumption time on the Internet
                                                                                      (29 percent if you exclude teens
                                                                                      and young adults), but it attracted
                                                                                      only 8 percent of advertising dollars.
                                                                                      Whereas consumers spent 37
                                                                                      percent of their media consumption
                                                                                      time on TV, which captured 32
                                                                                      percent of advertising dollars. If you
                                                                                      believe that time is money,
                                                                                      advertising dollars should continue
                                                                                      to flow towards the Internet.




  JPMorgan Forecasts A 10.5 Percent Rebound In U.S. Display Advertising in 2010

  http://www.techcrunch.com/2010/01/04/jpmorgan-advertising-2010/


                                                              - 49 - Max Ramaciotti
What to measure



How and What to measure: just say “no” to fluffy metrics.
                                               The problem all these audience metrics have, whether youʼre talking about an online
                                               websiteʼs visitors, a magazineʼs circulations numbers, or a television programʼs gross
                                               rating points, is that none of them are actually reflective of how many people actually
                                               saw, listened to, or otherwise engaged with your ad.

                                               why would we fantasize that it is possible to measure anything accurately across the
                                               entire World Wide Web? The only metrics that can be measured accurately are how
                                               much the advertiser spends (expenses) and how much they make (revenue).


                                                I recommend advertisers get their own Web metrics in order, and
                                               learn how to tie them to the only reports that matter: P&L, Balance
                                               Sheet & Cash Flow.


                                                 1. They must continuously work with their audience to understand its needs
                                                    and focus on providing relevant content and advertisements.
                                                 2. They must work with publishers to help them clearly define what theyʼre
                                                    trying to accomplish. They must define key performance metrics (e.g., the
                                                    actions that will define their success).
  http://www.grokdotcom.com/2007/07/13/what-     3. Work with advertisers so that the ads they produce are contextually
  advertisers-should-be-measuring/                  relevant to the content they are producing.
                                                 4. Make sure advertisers continuously optimize the ads to achieve better
                                                    results.
                                                 5. Constantly be in discussions with the audience so the promises that
                                                    marketers make are being met (e.g., not pissing off YOUR audience).



                     the only time people react to an ad is if itʼs relevant to them.


                                                         - 50 - Max Ramaciotti
Where to act



Where to act


    Special operations                               “Display” Adv




                           Online
                         promotion


                Direct                               Search Adv




                             - 51 - Max Ramaciotti
What about customer




  Your
customers
   first
     - 52 - Max Ramaciotti
Untitled




  Premises




Cost to Acquire Customers (CAC)
The ability to monetize those customers, or LTV (which stands for Lifetime Value of a Customer)
  http://www.forentrepreneurs.com/startup-killer/

                                                             - 53 - Max Ramaciotti
Customer acquisition



Customer acquisition cost
                                             Besides a future marketing campaign, the Internet marketing consultant will
                                             evaluate the current advertising campaign that the company has.
                                             Any advertising costs spotted by the Internet marketing consultant that is
                                             equal to or more than the customer acquisition cost should be reviewed.

                                             Once the Internet marketing consultant knows the customer acquisition cost,
                                             he can then use this as a reference point to gauge new means of attracting
                                             customers. Companies should be about the customer and not themselves if they
                                             want to stay in business.

                                             A good Internet marketing consultant knows that all businesses need customers
                                             to survive.

                                             To acquire and keep a customer, a business has to show a customer how their
                                             product or service benefits the customer.

                                             Every company needs a good customer service or customer relations
                                             department also. Internet marketing consultants should design an efficient
                                             customer acquisition strategy.

                                              Customers want to know and feel secure that if they do have a problem with the
                                             product or service that there is some sort of warranty from the company. To retain
                                             a customer, a company has to provide good communication with the
  http://www.webdynamic.com.au/online-       customer. Customers want to know that they are appreciated by the company.
  internet-marketing/customer-acquisition-   Customers want to feel satisfied with the product or service that the business is
  cost.html                                  providing, and they want to be treated with respect.




                                                       - 54 - Max Ramaciotti
Customer retention Vs value retention
Customer retention & value retention
                                                     1. Increasing purchases as tenure grows:
                                                       a. over time, customers come to know their suppliers. Providing the
                                                          relationship is satisfactory, trust grows while risk and uncertainty
                                                          are reduced. Therefore, customers commit more of their
                                                          spending to those suppliers with whom they have a proven and
                                                          satisfactory relationship. Also, because suppliers develop deeper
                                                          customer intimacy over time, they can enjoy better yields from
                                                          their cross-selling efforts.
                                                     2. Lower customer management costs over time:
                                                       a. the relationship startup costs that are incurred when a
                                                          customer is acquired can be quite high. It may take several years
                                                          for enough profit to be earned from the relationship to recover
                                                          those acquisition costs. For example, it can take six years to
                                                          recover the costs of winning a new retail bank customer. In the B2B
                                                          context in particular, ongoing relationship maintenance costs such
                                                          as selling and service costs can be low relative to the costs of
                                                          winning the account. Therefore, there is a high probability that the
 http://searchcrm.techtarget.com/feature/                 account will become more profitable on a period-by-period basis
 Customer-retention-vs-value-retention                    as tenure lengthens. These relationship maintenance costs may
                                                          eventually be significantly reduced or even eliminated as the
                                                          parties become closer over time. In the B2B context, once
                                                          automated processes are in place, transaction costs are effectively
                                                          eliminated. Portals largely transfer account service costs to the
                                                          customer. In the B2C context, especially in retailing, the
                                                          assertion that acquisition costs generally exceed retention
                                                          costs is hard to prove. This is in part because it is very difficult
                                                          to isolate and measure customer acquisition costs.
                                                          Ecommerce make it more measurable
                                                     3. Customer referrals:
                                                       a. customers who willingly commit more of their purchases to a
                                                          preferred supplier are generally more satisfied than customers who
                                                          do not. They are therefore more likely to utter positive word-of-
                                                          mouth and influence the beliefs, feelings and behaviours of
                                                          others. Research shows that customers who are frequent buyers
                                                          are heavier referrers. For example, online clothing customers who
                                                          have bought once refer three other people; after ten purchases
                                                          they will have referred seven. In consumer electronics, the one-
                                                          time customer refers four; the ten times customer refers. The
                                                          referred customers spend about 50 to 75 percent of the referrer's
                                                          spending over the first three years of their relationship. However, it
                                                          is also likely that newly acquired customers, freshly enthused by
                                                          their experience, would be powerful word-of-mouth advocates,
                                                          perhaps more than longer-term customers who are more
                                                          habituated.
                                                     4. Premium prices:
                                                       a. customers who are satisfied in their relationship may reward their
                                                          suppliers by paying higher prices. This is because they get their
                                                          sense of value from more than price alone. Customers in an
                                                          established relationship are also likely to be less responsive to
                                                          price appeals offered by competitors.
                                                     - 55 - Max Ramaciotti
Drivers to balance


Balancing flows leveraging on online




  http://www.forentrepreneurs.com/startup-killer/



                                                    - 56 - Max Ramaciotti
Inbound Marketing


                                                 Inbound marketing and its opposite outbound marketing have various meanings depending on the context.
                                                 One pair of definitions[1][2][3][4] are:
                                                 Inbound marketing is a style of marketing that focuses on getting found by customers.
                                                 This sense is related to relationship marketing and Seth Godin's idea of permission marketing. David
                                                 Meerman Scott recommends that marketers "earn their way in" (via publishing helpful information on a blog
                                                 etc.) in contrast to outbound marketing where they used to have to "buy, beg, or bug their way in" (via paid
                                                 advertisements, issuing press releases in the hope they get picked up by the trade press, or paying
                                                 commissioned sales people, respectively). Next best action marketing can also be applied.
                                                 Antonym: Traditional marketing (outbound marketing) is where companies focus on finding customers by
                                                 advertising. This sense is related to intrusion marketing and Godin's term interruption marketing.
                                                 An older pair of definitions[5] are:
                                                 Inbound marketing is market research. In contrast to the above, pieces of information about customer
                                                 needs, not customers themselves, flow into the company. Knowledge of customer needs drives future
                                                 product capability. This sense is related to the term product management. Peter Drucker believed[6] this to
                                                 be the quintessence of marketing.
                                                 Antonym: Outbound marketing is marketing communications. In this sense, information about finished
                                                 product capability flows out to prospective customers who have a need for it. This sense is related to the
                                                 term product marketing.


http://en.wikipedia.org/wiki/Inbound_marketing




                                                              - 57 - Max Ramaciotti
Key tools



External                                                   Internal
   Online reputation                        CRM




     Benchmark         Key tools                Business Intelligence




             Report                         Analytics




                                   - 58 - Max Ramaciotti
CRM
CRM Key principles
                                            1. Attracting new customers costs more than retaining
                                               existing customers
                                              a. A satisfied customer stays with a company longer, spends more and
                                                 may deepen the relationship. For example a happy credit card
                                                 customer may enlist the companyʼs financial services and later take
                                                 travel insurance.
                                              b. This is an easy “sell”, compared with direct marketing campaigns,
                                                 television advertisements and other sophisticated and expensive
                                                 approaches to attract new customers.
                                            2. Customer service costs real money
                                              a. Real costs are associated with providing customer service and
                                                 companies spend in line with a customerʼs value. If you are a high
                                                 value customer or have the potential of being high value, you will be
                                                 serviced more carefully.
                                              b. Companies reduce the cost of customer service by using telephone
                                                 voice response systems, outsourcing call centers to cheaper
                                                 locations, and self-servicing on the internet. However, companies risk
  http://www.mftrou.com/quality-customer-        alienating customers through providing an impersonal service.
  service.html
                                              c. Some internet banking companies are bucking the trend by charging
                                                 customers to contact them. In exchange, customers receive better
                                                 interest rates due to reduced overheads and are satisfied with that.
                                            3. Understand your customersʼ needs and meet them
                                              a. How can you meet your customersʼ needs, if you donʼt know them?
                                                 To understand your customerʼs needs, just listen to the “voice of the
                                                 customer” and take action accordingly.
                                              b. Customer listening can be done in many ways, for example feedback
                                                 forms, mystery shopping, and satisfaction surveys. Some companies
                                                 involve senior employees in customer listening to ensure decisions
                                                 benefit the customer as much as the company.
                                            4. Good process and product design is important
                                              a. Good quality customer service is only one factor in meeting customer
                                                 needs. Well designed products and processes will meet customersʼ
                                                 needs more often. Quality movements, such as Six Sigma, consider
                                                 the “cost of quality” resulting from broken processes or products. Is it
                                                 better to service the customer well than to eradicate the reason for
                                                 them to contact you in the first instance?
                                            5. Customer service must be consistent
                                              a. Customers expect consistent quality of customer service; with a
                                                 similar, familiar look and feel whenever and however they contact the
                                                 company.
                                              b. Say you visit an expensive hairdressing salon and receive a friendly
                                                 welcome, a drink and a great haircut. You are out of town and visit the
                                                 same hairdressing chain and get no friendly welcome, no drink and a
                                                 great hair-cut. Are you a satisfied customer who will use that chain
                                                 again? Probably not, as you did not receive the same customer
                                                 service – which is more than a good hair-cut.
                                            6. Employees are customers too
                                              a. The quality management movement brought the concept of internal
                                                 and external customers. Traditionally the focus was on external
                                                 customers with little thought given to how internal departments
                                                 interacted. Improving relationships with internal customers and
                                                 suppliers assists delivery of better customer service to external
                                                 customers, through reduced lead-times, increased quality and better
                                                 communication.
                                              b. The “Service-Profit Chain” model developed by Harvard University
                                                 emphasizes the circular relationship between employees, customers
                                                 and shareholders. Under-staffed, under-trained employees will not
                                                 deliver good quality customer service, driving customers away. Equal
                                                 effort must be made in attracting, motivating and retaining employees
                                                 as is made for customers, ultimately delivering improved shareholder
                                                 returns. Better shareholder returns mean more money is available to
                                                 invest in employees and so the circle continues.
                                            7. Open all communications channels
                                              a. The customer wants to contact you in many ways – face to face, by
                                                 mail, phone, fax, and email - and will expect all of these
                                                 communication channels to be open and easily inter-mingled.
                                              b. This presents a technical challenge, as it requires an integrated,
                                                 streamlined solution providing the employee with the information they
                                                 need to effectively service the customer.
                                            8. Every customer contact is a chance to shine
                                              a. If a customer contact concerns a broken process, then empowered
                                                 employees will be able to resolve the complaint swiftly, possibly
                                                 enhancing the customerʼs perception of the company. Feeding back
                                                 this information allows corrective action to be made, stopping further
                                                 occurrences of the error.
                                              b. If you inform customers about new products or services when they
                                                 contact you, you may make a valuable sale, turning your cost centre
                                                 into a profit centre. This is only possible when you have a good
                                                 relationship with your customer, where you understand their specific
                                                 needs. A targeted sales pitch will have a good chance of success, as
                                                 the customer is pre-sold on the companyʼs reputation.
                                            9. People expect good customer service everywhere.
                                              a. Think about an average day – you travel on a train, you buy coffee,
                                                 you work. You expect your train to be on time, clean and be a
                                                 reasonable cost. You expect your coffee to be hot and delivered
                                                 quickly. You expect your work mates to work with you, enabling you to
                                                 get the job done.
                                              b. People become frustrated when their expectations are not met, and
                                                 increasingly demand higher service quality in more areas of their
                                                 lives.
                                              c. Providing outstanding customer service at the right price is the holy
                                                 grail of most companies. It is worth remembering that we all
                                                 experience customer service every day. We can learn from these and
                                                 apply them in our own line of work, whatever it may be. The quality of
                                                 customer service will make you stand out from your competitors –
                                                 make sure itʼs for the right reasons
                                                                    - 59 - Max Ramaciotti
CRM Strategy
CRM Strategy
                                   1. Setting a Clear Customer Experience Strategy
                                     a. Often organisations confuse defining a customer experience
                                        strategy with creating a "slogan". How many companies create a
                                        slogan without any supporting initiatives, thereby disillusioning
                                        employees and creating a "flavour of the month?"
                                     b. To establish a good strategy certain key practices are required:
                                        i. * Understand the overall organisational vision and mission
                                        ii. * Define the organisation's customer service direction, slogan
                                            and values
                                        iii. * Ensure customer service is defined as a key responsibility for
                                             the business/department
                                        iv. * Share the customer experience strategy via a comprehensive
                                            communications program
                                        v. * Ensure that this strategy does not conflict with other business
                                           strategies. As consultants, it is amazing how often we hear
                                           organisations say, "Improving Customer Service is a priority,
                                           and we are also introducing stringent cost-cutting measures."
http://www.teamtechnology.co.uk/           This can present a tough dichotomy.
customerservice.html               2. Selecting the Correct People
                                     a. It's really hard to teach an elephant to dance!
                                     b. When recruiting employees to provide customer service, the
                                        process often tends to concentrate more on functional expertise,
                                        technical competence and knowledge rather than interpersonal
                                        skills. However, lack of the right attitude can drastically impact client
                                        satisfaction levels. Research has in fact shown that attitude is the
                                        most important requirement: skills and functional expertise can be
                                        taught.
                                     c. Therefore in selecting the right people:
                                   3. Developing, Motivating and Managing your People
                                     a. Even though you have hired the right people, there is still a need to
                                        orient them into the organisation's customer relationship culture
                                        and define key communication skills. In Call Centers and Technical
                                        Support departments, there is a tendency to rely on technical/
                                        functional skills and neglect interpersonal skills development. This
                                        can result in providing acceptable material service, the more
                                        tangible aspect, yet unacceptable personal service, the competitive
                                        differentiator.
                                     b. Therefore to build a customer relationship culture, it is important to:
                                        i. * Provide training in key areas required to deliver exceptional
                                           personal service
                                        ii. * Reinforce these skills using ongoing coaching and feedback
                                        iii. * Measure current performance levels
                                        iv. * Reward performance using a combination of monetary awards
                                            and non-monetary recognition
                                   4. Establishing Effective Service Delivery Processes
                                     a. Effective processes and procedures provide the foundation for
                                        smoothing or inhibiting the material service element of the customer
                                        interaction. Efficient service delivery systems appear transparent to
                                        the customer. Poor systems create those 'speed bumps' that
                                        necessitate personal intervention in order to satisfy the customer
                                        requirements.
                                     b. The critical elements in ensuring a positive material customer
                                        experience are:
                                        i. * Mapping the service delivery processes
                                        ii. * Evaluating critical success points in the process
                                        iii. * Defining service standards and objectives for these essential
                                             points
                                        iv. * Establishing service delivery procedures to optimise material
                                            service
                                        v. * Creating service level agreements to smooth internal service
                                           delivery
                                   5. Building in Continuous Improvement
                                     a. No matter how effective the service delivery processes, or well-
                                        trained the service deliverers, things go wrong. Products have
                                        faults. Customers get frustrated. Things slip through the cracks. The
                                        organisations that are built around managing the customer
                                        experience are able to resolve these issues effectively. This
                                        process known as "recovery" is an important differentiator in
                                        building customer loyalty.
                                     b. In order to recover effectively, it is necessary to:
                                        i. * Actively seek customer feedback and complaints: you cannot
                                           improve if you don't know what went wrong in the first place.
                                        ii. * Train staff how to handle customer complaints effectively using
                                            the correct mix of empathising, apologising and resolution.
                                        iii. * Make sure that the real problem is solved, not just the
                                             symptoms.
                                        iv. * Focus on proactive (prevention) as well as reactive (cure)
                                            problem solving.
                                   6. Ensuring Managers are the Key Change-Agents
                                     a. As consultants, we observe that senior management often has the
                                        vision, intention and commitment to introduce a comprehensive
                                        customer relationship management system. The "make or break"
                                        element is in involving middle management in the change process,
                                        and empowering them to be the key change-agents.
                                     b. To do this, it is important to:
                                        i. * Engage the management team early and often in the process
                                        ii. * Involve management members in articulating the customer
                                            experience strategy
                                        iii. * Teach managers coaching skills so that they are able to
                                             articulate and reinforce the key personal service skills
                                        iv. * Use managers as facilitators when rolling out interpersonal
                                            skills training
                                        v. * Reward managers on establishing, monitoring and updating
                                           service delivery processes
                                        vi. * Ensure managers are able to act as an example to their teams.
                                                              - 60 - Max Ramaciotti
CRM etiquette


Customer Service: where “etiquette” comes out

                                    Customer service etiquette principles should be integrated into every facet of your organization
                                    because providing superior customer service is the most effective way to differentiate your business
                                    from the competition.

                                    Build prosperous relationships by treating customers as you want to be treated.

                                    6 Principles of Customer Service Etiquette:

                                         1. Smile and demonstrate good manners. Teach employees to smile, leading by
                                            example. Establish a culture of high quality customer service and commit to deliver
                                            superior service whether over the phone or face-to-face.
                                         2. Make customers feel comfortable, valued, and appreciated.
                                         3. Treat customers with respect, empathy, and efficiency.
                                         4. Listen actively to be responsive and exceed customer expectations.
                                         5. Effectively resolve the customer's problem.
                                         6. Say "Thank you" and "Please" graciously.




  http://www.successwithetiquette.com/




                      Social Network are just another face of your Customer Relationship Strategy




                                                               - 61 - Max Ramaciotti
CRM Planning - The Approach



Planning CRM - The Approach




  http://blogs.hbr.org/merholz/2009/06/a-framework-for-building-custo.html




                                                              - 62 - Max Ramaciotti
CRM - The Touchpoints
Customer Touch points
              Key-concept
              Online Touchpoints an Example (Talisma Corporation Customer interaction tools)
                                    - 63 - Max Ramaciotti
Business intelligence definition



Business Intelligence
                                                                               skills, processes,
                                                      Business Intelligence (BI) refers to
                                                      technologies, applications and practices used to
                                                      support decision making.
                                                      BI technologies provide historical, current, and predictive views of
                                                      business operations. Common functions of Business Intelligence
                                                      technologies are reporting, online analytical processing, analytics, data
                                                      mining, business performance management, benchmarking, text mining,
                                                      and predictive analytics.

                                                      Business Intelligence uses technologies, processes, and
                                                      applications to analyze mostly internal, structured data and business
                                                      processes

                                                                                             while


                                                      Competitive Intelligence, is done by gathering, analyzing and
                                                      disseminating information with or without support from technology and
                                                      applications, and focuses on all-source information and data
 http://en.wikipedia.org/wiki/Business_intelligence   (unstructured or structured), mostly external to, but also internal to a
                                                      company, to support decision making.




                                                            - 64 - Max Ramaciotti
Analytics


How Are People Behaving on Your Site




 http://www.youtube.com/watch?v=DO-TJWbuZ6s




                                              - 65 - Max Ramaciotti
Online reputation



Online Reputation Management
                                Online reputation management, or ORM, is the practice of consistent research and
                                analysis of oneʼs personal or professional, business or industry reputation as
                                represented by the content across all types of online media. It is also sometimes
                                referred to as online reputation monitoring, maintaining the same acronym.

                                Specifically, the online media that is monitored in ORM is:


                                 1.   Traditional or mainstream websites
                                 2.   Social networks
                                 3.   Consumer Review sites
                                 4.   Social news/bookmarking sites
                                 5.   Collaborative Research sites such as Yahoo Answers, Rediff Q&A
                                 6.   Independent discussion forums
                                 7.   User-generated content (UGC)/Consumer Generated Media (CGM)
                                 8.   Blogs
                                 9.   Microblogging (Twitter....)
                                 10. Blogging communities
http://en.wikipedia.org/wiki/
Online_reputation_management




                                         - 66 - Max Ramaciotti
Online reputation measuring tools
Online reputation measuring tools
                                         1. Search & Aggregators
                                           a.
                                                i.        http://www.trackur.com/
                                                      1. To begin with, we'll look at Trackur. This new tool scours blogs, news
                                                         sites, images, and videos for you to track your name, company brands,
                                                         industry trends, or even news about your competitor. The tool allows you
                                                         to search for a keyword or keywords, but also allows you to filter that
                                                         search to include only instances where that keyword is coupled with
                                                         other words and/or filter out instances where certain other keywords are
                                                         present. Once the search has been customized, it can be saved and
                                                         then subscribed to via an RSS feed or email. The items Trackur finds
                                                         can also be bookmarked or emailed.
 http://mashable.com/2008/12/24/free-
 brand-monitoring-tools/                   b.
 http://www.readwriteweb.com/archives/
 how_to_manage_your_online_reputation
                                                i.        http://www.google.com/alerts
 .php
                                                      1. One of the simplest and easiest ways to track something on the way,
                                                         your reputation or otherwise, is to use Google Alerts. With this free
                                                         service, you can search either all of Google's properties, or you can
                                                         specify that only News, Blogs, Web, Video, or Groups is searched. You
                                                         can then configure the Alerts results to be emailed to you either as it
                                                         happens, once a day, or once a week. There is also a page where you
                                                         can edit the alerts once they are created or delete them when they are
                                                         no longer in use.
                                           c.
                                                i.        http://technorati.com/
                                                      1. The blog search engine Technorati is also a good free resource for
                                                         tracking what's being said in the blogosphere. The service indexes
                                                         posts as they are published and with any search you do on the site,
                                                         there is an RSS button that you can use to subscribe to the search.
                                                         When viewing the results on the web site, you can click between tabs to
                                                         see just the Posts, Blogs, Photos, or Videos containing your search
                                                         terms.
                                           d. MonitorThis
                                                i.
                                                ii.       http://alp-uckan.net/free/monitorthis/
                                                      1. A simple online tool called MonitorThis lets you subscribe to results of a
                                                         search from 22 different search engine feeds at the same time. The
                                                         engines searched include the main search engines like Google, MSN,
                                                         and Yahoo, as well as smaller engines like Plazoo, Blogmarks, and
                                                         Topix. The results are provided in OPML format. Although you have to
                                                         copy and paste the code into a file you create on your computer in order
                                                         to subscribe, it's still worth checking out as the list of engines searched
                                                         makes this a good resource.
                                           e. Create Your Own Custom Search
                                         2. Social Search
                                           a.
                                                i.        http://www.socialmeter.com/
                                                      1. Social meter scans the major social websites to analyze a webpage's
                                                         social popularity. Currently we scan Del.icio.us, Digg, Furl, Google, Jots,
                                                         Linkroll, Netscape, Reddit, Shadows, Spurl, Technorati, and Yahoo My
                                                         Web.
                                           b.
                                                i.        http://socialmention.com/
                                                      1. Social Media Alerts Like Google Alerts but for social media.
                                                         Receive free daily email alerts of your brand, company, CEO, marketing
                                                         campaign, or on a developing news story, a competitor, or the latest on
                                                         a celebrity.Social Mention is a social media search engine that searches
                                                         user-generated content such as blogs, comments, bookmarks, events,
                                                         news, videos, and microblogging services. It allows you to track
                                                         mentions of your brand across all of these areas.
                                                          Other social search engines include Serph and Keotag.
                                           c.
                                                i.        http://www.keotag.com/
                                                      1. A service from Keotag is a great tool for bloggers and those researching
                                                         a topic in the blogosphere. The site lets you just search for items that are
                                                         tagged with a particular keyword.
                                           d.
                                         3. Blog Comments
                                           a.
                                                i.        BackType
                                                ii. Backtype is a tool for monitoring blog comments. If people commented on
                                                    various blog posts, citing your name, you never used to have a way of
                                                    tracking it, until now. Backtype is a service that lets you find, follow, and
                                                    share comments from across the web. Whenever you write a comment with
                                                    a link to your Web site, Backtype attributes it to you.
                                         4. Social Comments
                                           a.
                                                i.        http://www.yacktrack.com/search
                                                ii. Yacktrack lets you search for comments on your content from various
                                                    sources, such as Blogger (blogger), Digg (Digg), FriendFeed, Stumbleupon
                                                    (StumbleUpon), and Wordpress (WordPress) blogs. For instance, if you
                                                    comment on a blog, you can locate other people who are commenting on
                                                    that same blog post and rejoin the conversation.
                                                iii. My favorite feature of this tool is the “Chatter” tab, which allows you to
                                                     perform keyword searches on social media sites and then notifies you of
                                                     instances of your brand name. Yacktrackʼs search page results also give
                                                     you an RSS feed for the search term. You can also use Commentful and
                                                     co.mments to track your social comments on the web.
                                         5. Discussion Boards
                                           a.
                                                i.        http://www.boardtracker.com/
                                                ii. Along with blogs and traditional news stories, discussion boards are
                                                    another channel where people can gather in a community and talk about
                                                    you. Most people disregard discussion boards until they see other sites
                                                    commenting on information viewed on them. Use boardtracker.com to get
                                                    instant alerts from threads citing your name.
                                                iii. Boardreader and Big Boards are other tools that work similar to this one
                                         6. Twitter
                                           a.
                                                i.        http://search.twitter.com/
                                                ii. Twitter (Twitter) messages (tweets) move at the speed of light, and if you
                                                    donʼt catch them they will spread like a virus. Using Twitter search (tweetzi
                                                    Twitter Search), you can locate any instances of your name and decide
                                                    whether you want to tweet back or ignore them. It really depends on the
                                                    context and meaning of the tweet.
                                                iii. Conduct a search for your name, your companyʼs name, or various topics
                                                     youʼre interested in and then subscribe via RSS. Twilert and TweetBeep
                                                     are additional tools you can use to receive email alerts.
                                         7. Tools & Services
                                           a.
                                                i.        FiltrBox
                                                      1. While all the other tools listed are quite rudimentary, this one is rather
                                                         complex and intelligent. Instead of being hit with hundreds or even a
                                                         thousand results for your brand name, Filtrbox only delivers the most
                                                         relevant, credible mentions of things you need to track. Its “FiltrRank”
                                                         technology scores content based on three dimensions: contextual
                                                         relevance, popularity and feedback. You can look back to previous
                                                         searches 15 days out for free as well.
                                         8. Your Network
                                           a. networkA lot of people overlook a strong network when it comes to monitoring
                                              their brands. If you have a robust network, especially people in your industry
                                              who observe the same keywords as you, then you will receive important
                                              updates without even asking for them.
                                                                                                                                        - 67 - Max Ramaciotti
Benchmark



Benchmarking

                                               Benchmarking is the process of comparing the business processes
                                               and performance metrics including cost, cycle time, productivity, or
                                               quality to another that is widely considered to be an industry
                                               standard benchmark or best practice. Essentially, benchmarking
                                               provides a snapshot of the performance of your business and helps
                                               you understand where you are in relation to a particular standard.
                                               The result is often a business case and "Burning Platform" for making
                                               changes to make improvements.

                                               Also referred to as "best practice benchmarking" or "process
                                               benchmarking", it is a process used in management and
                                               particularly strategic management, in which organizations
                                               evaluate various aspects of their processes in relation to best
                                               practice companies' processes, usually within a peer group
                                               defined for the purposes of comparison.

                                               This then allows organizations to develop plans on how to make
                                               improvements or adapt specific best practices, usually with the
                                               aim of increasing some aspect of performance. Benchmarking may
                                               be a one-off event, but is often treated as a continuous process in
   http://en.wikipedia.org/wiki/Benchmarking   which organizations continually seek to improve their practices.




                                                    - 68 - Max Ramaciotti
What to benchmark


Benchmarking website


                                                                                                          commercial
                                                Content types                             Main function
                                                                                                          insitutional




                                       Offer                             Website
                    Presentation richness

                            Interactive tools
                                                 Ecommerce
        Customer service
                                    Service
    Product customization                                                          Mood

                      Strategic leverages




                                                           - 69 - Max Ramaciotti
What to benchmark


Benchmarking website



                                                                                     Where
                 Contest
                                                                                             Applications

                    Viral     Specials                        Social network
                                                                                     How     Content dissemination

                  Events
                                                                                             Interaction



                                          Social

    Internal community
                                                                          Mood
                            Other tools                       Blog
                  …..                                                     Content types




                                             - 70 - Max Ramaciotti
What to benchmark



Benchmarking website




          Goal
                  Applications   Mobile                   Mobile site   Contents
       Contents




                                  - 71 - Max Ramaciotti
Homework




Homework lesson 2
1. Identify “competitors” of you company
2. Benchmark their online presence basing upon the given schema
3. Output: a power point presentation or similar




                                                     - 72 - Max Ramaciotti

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Here are some key points about customer acquisition cost:- It's the cost to attract and convert a new customer through marketing and sales efforts. - Knowing your CAC allows you to evaluate the effectiveness and profitability of different acquisition channels.- Marketing costs above the CAC should be reviewed, as those customers may not be profitable. - The goal is to acquire customers at or below the CAC through optimized campaigns.- Customer retention through good service is also important to maximize lifetime customer value.- An efficient acquisition strategy balances CAC with long-term customer lifetime value and profitability

  • 1. Lezione 2 Lesson 2 Understand, monitor and measure - 40 - Max Ramaciotti
  • 2. Homework Introducing your Companies - 41 - Max Ramaciotti
  • 3. Untitled - 42 - Max Ramaciotti
  • 4. “Consumers have more choices than ever before. More media choices, more choices or products and services. There arenʼt three TV networks; instead, there are a million (literally) things to watch on YouTube. There arenʼt a dozen radio stations; there are a million (literally) online. As a result, the consumer has the power to say, “If Iʼm not interested in what you have to say, I wonʼt watch it. Iʼm not a hostage any longer.” Seth Godin in his book, Meatball Sundae http://sethgodin.typepad.com/ - 43 - Max Ramaciotti
  • 5. Pool: your entertainment consumption habits http://tinyurl.com/yar363n - 44 - Max Ramaciotti
  • 6. Pool input Online Data Colection - 45 - Max Ramaciotti
  • 7. Results - 46 - Max Ramaciotti
  • 8. Crossmedia consumption Some evidences People aged 12 - 24 are notching up 23 cumulative hours a day, engaged in up to five activities simultaneously. NMA, April 2009 On the phenomenon of "continuous partial attention": over 25% of Internet users surveyed in the UK, FR, DE, IT, US, and Japan in October 2008 said they go onto the Internet at the same time as watching TV "most of the time". Ofcom, November 2008 36% of UK broadband users (aged 16-55) state they have both the TV and Internet on in the same room every day. On weekdays the time when TV and Internet multi-tasking is most likely to happen is around 8pm in the evening. TNS/YouTube Media & Audience Study (broadband users aged 16-55), December 2008 - 47 - Max Ramaciotti
  • 9. So What? So what? - 48 - Max Ramaciotti
  • 10. ADV: time and expenditure Time & Investments One of the biggest reasons to be hopeful about the outlook for the continued growth of the Internet advertising industry is that when you look at the time U.S. consumers spend on the Internet versus the amount of ad dollars which go there, the proportions are out of whack. As recently as 2008, U.S. consumers spent 38 percent of their media consumption time on the Internet (29 percent if you exclude teens and young adults), but it attracted only 8 percent of advertising dollars. Whereas consumers spent 37 percent of their media consumption time on TV, which captured 32 percent of advertising dollars. If you believe that time is money, advertising dollars should continue to flow towards the Internet. JPMorgan Forecasts A 10.5 Percent Rebound In U.S. Display Advertising in 2010 http://www.techcrunch.com/2010/01/04/jpmorgan-advertising-2010/ - 49 - Max Ramaciotti
  • 11. What to measure How and What to measure: just say “no” to fluffy metrics. The problem all these audience metrics have, whether youʼre talking about an online websiteʼs visitors, a magazineʼs circulations numbers, or a television programʼs gross rating points, is that none of them are actually reflective of how many people actually saw, listened to, or otherwise engaged with your ad. why would we fantasize that it is possible to measure anything accurately across the entire World Wide Web? The only metrics that can be measured accurately are how much the advertiser spends (expenses) and how much they make (revenue). I recommend advertisers get their own Web metrics in order, and learn how to tie them to the only reports that matter: P&L, Balance Sheet & Cash Flow. 1. They must continuously work with their audience to understand its needs and focus on providing relevant content and advertisements. 2. They must work with publishers to help them clearly define what theyʼre trying to accomplish. They must define key performance metrics (e.g., the actions that will define their success). http://www.grokdotcom.com/2007/07/13/what- 3. Work with advertisers so that the ads they produce are contextually advertisers-should-be-measuring/ relevant to the content they are producing. 4. Make sure advertisers continuously optimize the ads to achieve better results. 5. Constantly be in discussions with the audience so the promises that marketers make are being met (e.g., not pissing off YOUR audience). the only time people react to an ad is if itʼs relevant to them. - 50 - Max Ramaciotti
  • 12. Where to act Where to act Special operations “Display” Adv Online promotion Direct Search Adv - 51 - Max Ramaciotti
  • 13. What about customer Your customers first - 52 - Max Ramaciotti
  • 14. Untitled Premises Cost to Acquire Customers (CAC) The ability to monetize those customers, or LTV (which stands for Lifetime Value of a Customer) http://www.forentrepreneurs.com/startup-killer/ - 53 - Max Ramaciotti
  • 15. Customer acquisition Customer acquisition cost Besides a future marketing campaign, the Internet marketing consultant will evaluate the current advertising campaign that the company has. Any advertising costs spotted by the Internet marketing consultant that is equal to or more than the customer acquisition cost should be reviewed. Once the Internet marketing consultant knows the customer acquisition cost, he can then use this as a reference point to gauge new means of attracting customers. Companies should be about the customer and not themselves if they want to stay in business. A good Internet marketing consultant knows that all businesses need customers to survive. To acquire and keep a customer, a business has to show a customer how their product or service benefits the customer. Every company needs a good customer service or customer relations department also. Internet marketing consultants should design an efficient customer acquisition strategy. Customers want to know and feel secure that if they do have a problem with the product or service that there is some sort of warranty from the company. To retain a customer, a company has to provide good communication with the http://www.webdynamic.com.au/online- customer. Customers want to know that they are appreciated by the company. internet-marketing/customer-acquisition- Customers want to feel satisfied with the product or service that the business is cost.html providing, and they want to be treated with respect. - 54 - Max Ramaciotti
  • 16. Customer retention Vs value retention Customer retention & value retention 1. Increasing purchases as tenure grows: a. over time, customers come to know their suppliers. Providing the relationship is satisfactory, trust grows while risk and uncertainty are reduced. Therefore, customers commit more of their spending to those suppliers with whom they have a proven and satisfactory relationship. Also, because suppliers develop deeper customer intimacy over time, they can enjoy better yields from their cross-selling efforts. 2. Lower customer management costs over time: a. the relationship startup costs that are incurred when a customer is acquired can be quite high. It may take several years for enough profit to be earned from the relationship to recover those acquisition costs. For example, it can take six years to recover the costs of winning a new retail bank customer. In the B2B context in particular, ongoing relationship maintenance costs such as selling and service costs can be low relative to the costs of winning the account. Therefore, there is a high probability that the http://searchcrm.techtarget.com/feature/ account will become more profitable on a period-by-period basis Customer-retention-vs-value-retention as tenure lengthens. These relationship maintenance costs may eventually be significantly reduced or even eliminated as the parties become closer over time. In the B2B context, once automated processes are in place, transaction costs are effectively eliminated. Portals largely transfer account service costs to the customer. In the B2C context, especially in retailing, the assertion that acquisition costs generally exceed retention costs is hard to prove. This is in part because it is very difficult to isolate and measure customer acquisition costs. Ecommerce make it more measurable 3. Customer referrals: a. customers who willingly commit more of their purchases to a preferred supplier are generally more satisfied than customers who do not. They are therefore more likely to utter positive word-of- mouth and influence the beliefs, feelings and behaviours of others. Research shows that customers who are frequent buyers are heavier referrers. For example, online clothing customers who have bought once refer three other people; after ten purchases they will have referred seven. In consumer electronics, the one- time customer refers four; the ten times customer refers. The referred customers spend about 50 to 75 percent of the referrer's spending over the first three years of their relationship. However, it is also likely that newly acquired customers, freshly enthused by their experience, would be powerful word-of-mouth advocates, perhaps more than longer-term customers who are more habituated. 4. Premium prices: a. customers who are satisfied in their relationship may reward their suppliers by paying higher prices. This is because they get their sense of value from more than price alone. Customers in an established relationship are also likely to be less responsive to price appeals offered by competitors. - 55 - Max Ramaciotti
  • 17. Drivers to balance Balancing flows leveraging on online http://www.forentrepreneurs.com/startup-killer/ - 56 - Max Ramaciotti
  • 18. Inbound Marketing Inbound marketing and its opposite outbound marketing have various meanings depending on the context. One pair of definitions[1][2][3][4] are: Inbound marketing is a style of marketing that focuses on getting found by customers. This sense is related to relationship marketing and Seth Godin's idea of permission marketing. David Meerman Scott recommends that marketers "earn their way in" (via publishing helpful information on a blog etc.) in contrast to outbound marketing where they used to have to "buy, beg, or bug their way in" (via paid advertisements, issuing press releases in the hope they get picked up by the trade press, or paying commissioned sales people, respectively). Next best action marketing can also be applied. Antonym: Traditional marketing (outbound marketing) is where companies focus on finding customers by advertising. This sense is related to intrusion marketing and Godin's term interruption marketing. An older pair of definitions[5] are: Inbound marketing is market research. In contrast to the above, pieces of information about customer needs, not customers themselves, flow into the company. Knowledge of customer needs drives future product capability. This sense is related to the term product management. Peter Drucker believed[6] this to be the quintessence of marketing. Antonym: Outbound marketing is marketing communications. In this sense, information about finished product capability flows out to prospective customers who have a need for it. This sense is related to the term product marketing. http://en.wikipedia.org/wiki/Inbound_marketing - 57 - Max Ramaciotti
  • 19. Key tools External Internal Online reputation CRM Benchmark Key tools Business Intelligence Report Analytics - 58 - Max Ramaciotti
  • 20. CRM CRM Key principles 1. Attracting new customers costs more than retaining existing customers a. A satisfied customer stays with a company longer, spends more and may deepen the relationship. For example a happy credit card customer may enlist the companyʼs financial services and later take travel insurance. b. This is an easy “sell”, compared with direct marketing campaigns, television advertisements and other sophisticated and expensive approaches to attract new customers. 2. Customer service costs real money a. Real costs are associated with providing customer service and companies spend in line with a customerʼs value. If you are a high value customer or have the potential of being high value, you will be serviced more carefully. b. Companies reduce the cost of customer service by using telephone voice response systems, outsourcing call centers to cheaper locations, and self-servicing on the internet. However, companies risk http://www.mftrou.com/quality-customer- alienating customers through providing an impersonal service. service.html c. Some internet banking companies are bucking the trend by charging customers to contact them. In exchange, customers receive better interest rates due to reduced overheads and are satisfied with that. 3. Understand your customersʼ needs and meet them a. How can you meet your customersʼ needs, if you donʼt know them? To understand your customerʼs needs, just listen to the “voice of the customer” and take action accordingly. b. Customer listening can be done in many ways, for example feedback forms, mystery shopping, and satisfaction surveys. Some companies involve senior employees in customer listening to ensure decisions benefit the customer as much as the company. 4. Good process and product design is important a. Good quality customer service is only one factor in meeting customer needs. Well designed products and processes will meet customersʼ needs more often. Quality movements, such as Six Sigma, consider the “cost of quality” resulting from broken processes or products. Is it better to service the customer well than to eradicate the reason for them to contact you in the first instance? 5. Customer service must be consistent a. Customers expect consistent quality of customer service; with a similar, familiar look and feel whenever and however they contact the company. b. Say you visit an expensive hairdressing salon and receive a friendly welcome, a drink and a great haircut. You are out of town and visit the same hairdressing chain and get no friendly welcome, no drink and a great hair-cut. Are you a satisfied customer who will use that chain again? Probably not, as you did not receive the same customer service – which is more than a good hair-cut. 6. Employees are customers too a. The quality management movement brought the concept of internal and external customers. Traditionally the focus was on external customers with little thought given to how internal departments interacted. Improving relationships with internal customers and suppliers assists delivery of better customer service to external customers, through reduced lead-times, increased quality and better communication. b. The “Service-Profit Chain” model developed by Harvard University emphasizes the circular relationship between employees, customers and shareholders. Under-staffed, under-trained employees will not deliver good quality customer service, driving customers away. Equal effort must be made in attracting, motivating and retaining employees as is made for customers, ultimately delivering improved shareholder returns. Better shareholder returns mean more money is available to invest in employees and so the circle continues. 7. Open all communications channels a. The customer wants to contact you in many ways – face to face, by mail, phone, fax, and email - and will expect all of these communication channels to be open and easily inter-mingled. b. This presents a technical challenge, as it requires an integrated, streamlined solution providing the employee with the information they need to effectively service the customer. 8. Every customer contact is a chance to shine a. If a customer contact concerns a broken process, then empowered employees will be able to resolve the complaint swiftly, possibly enhancing the customerʼs perception of the company. Feeding back this information allows corrective action to be made, stopping further occurrences of the error. b. If you inform customers about new products or services when they contact you, you may make a valuable sale, turning your cost centre into a profit centre. This is only possible when you have a good relationship with your customer, where you understand their specific needs. A targeted sales pitch will have a good chance of success, as the customer is pre-sold on the companyʼs reputation. 9. People expect good customer service everywhere. a. Think about an average day – you travel on a train, you buy coffee, you work. You expect your train to be on time, clean and be a reasonable cost. You expect your coffee to be hot and delivered quickly. You expect your work mates to work with you, enabling you to get the job done. b. People become frustrated when their expectations are not met, and increasingly demand higher service quality in more areas of their lives. c. Providing outstanding customer service at the right price is the holy grail of most companies. It is worth remembering that we all experience customer service every day. We can learn from these and apply them in our own line of work, whatever it may be. The quality of customer service will make you stand out from your competitors – make sure itʼs for the right reasons - 59 - Max Ramaciotti
  • 21. CRM Strategy CRM Strategy 1. Setting a Clear Customer Experience Strategy a. Often organisations confuse defining a customer experience strategy with creating a "slogan". How many companies create a slogan without any supporting initiatives, thereby disillusioning employees and creating a "flavour of the month?" b. To establish a good strategy certain key practices are required: i. * Understand the overall organisational vision and mission ii. * Define the organisation's customer service direction, slogan and values iii. * Ensure customer service is defined as a key responsibility for the business/department iv. * Share the customer experience strategy via a comprehensive communications program v. * Ensure that this strategy does not conflict with other business strategies. As consultants, it is amazing how often we hear organisations say, "Improving Customer Service is a priority, and we are also introducing stringent cost-cutting measures." http://www.teamtechnology.co.uk/ This can present a tough dichotomy. customerservice.html 2. Selecting the Correct People a. It's really hard to teach an elephant to dance! b. When recruiting employees to provide customer service, the process often tends to concentrate more on functional expertise, technical competence and knowledge rather than interpersonal skills. However, lack of the right attitude can drastically impact client satisfaction levels. Research has in fact shown that attitude is the most important requirement: skills and functional expertise can be taught. c. Therefore in selecting the right people: 3. Developing, Motivating and Managing your People a. Even though you have hired the right people, there is still a need to orient them into the organisation's customer relationship culture and define key communication skills. In Call Centers and Technical Support departments, there is a tendency to rely on technical/ functional skills and neglect interpersonal skills development. This can result in providing acceptable material service, the more tangible aspect, yet unacceptable personal service, the competitive differentiator. b. Therefore to build a customer relationship culture, it is important to: i. * Provide training in key areas required to deliver exceptional personal service ii. * Reinforce these skills using ongoing coaching and feedback iii. * Measure current performance levels iv. * Reward performance using a combination of monetary awards and non-monetary recognition 4. Establishing Effective Service Delivery Processes a. Effective processes and procedures provide the foundation for smoothing or inhibiting the material service element of the customer interaction. Efficient service delivery systems appear transparent to the customer. Poor systems create those 'speed bumps' that necessitate personal intervention in order to satisfy the customer requirements. b. The critical elements in ensuring a positive material customer experience are: i. * Mapping the service delivery processes ii. * Evaluating critical success points in the process iii. * Defining service standards and objectives for these essential points iv. * Establishing service delivery procedures to optimise material service v. * Creating service level agreements to smooth internal service delivery 5. Building in Continuous Improvement a. No matter how effective the service delivery processes, or well- trained the service deliverers, things go wrong. Products have faults. Customers get frustrated. Things slip through the cracks. The organisations that are built around managing the customer experience are able to resolve these issues effectively. This process known as "recovery" is an important differentiator in building customer loyalty. b. In order to recover effectively, it is necessary to: i. * Actively seek customer feedback and complaints: you cannot improve if you don't know what went wrong in the first place. ii. * Train staff how to handle customer complaints effectively using the correct mix of empathising, apologising and resolution. iii. * Make sure that the real problem is solved, not just the symptoms. iv. * Focus on proactive (prevention) as well as reactive (cure) problem solving. 6. Ensuring Managers are the Key Change-Agents a. As consultants, we observe that senior management often has the vision, intention and commitment to introduce a comprehensive customer relationship management system. The "make or break" element is in involving middle management in the change process, and empowering them to be the key change-agents. b. To do this, it is important to: i. * Engage the management team early and often in the process ii. * Involve management members in articulating the customer experience strategy iii. * Teach managers coaching skills so that they are able to articulate and reinforce the key personal service skills iv. * Use managers as facilitators when rolling out interpersonal skills training v. * Reward managers on establishing, monitoring and updating service delivery processes vi. * Ensure managers are able to act as an example to their teams. - 60 - Max Ramaciotti
  • 22. CRM etiquette Customer Service: where “etiquette” comes out Customer service etiquette principles should be integrated into every facet of your organization because providing superior customer service is the most effective way to differentiate your business from the competition. Build prosperous relationships by treating customers as you want to be treated. 6 Principles of Customer Service Etiquette: 1. Smile and demonstrate good manners. Teach employees to smile, leading by example. Establish a culture of high quality customer service and commit to deliver superior service whether over the phone or face-to-face. 2. Make customers feel comfortable, valued, and appreciated. 3. Treat customers with respect, empathy, and efficiency. 4. Listen actively to be responsive and exceed customer expectations. 5. Effectively resolve the customer's problem. 6. Say "Thank you" and "Please" graciously. http://www.successwithetiquette.com/ Social Network are just another face of your Customer Relationship Strategy - 61 - Max Ramaciotti
  • 23. CRM Planning - The Approach Planning CRM - The Approach http://blogs.hbr.org/merholz/2009/06/a-framework-for-building-custo.html - 62 - Max Ramaciotti
  • 24. CRM - The Touchpoints Customer Touch points Key-concept Online Touchpoints an Example (Talisma Corporation Customer interaction tools) - 63 - Max Ramaciotti
  • 25. Business intelligence definition Business Intelligence skills, processes, Business Intelligence (BI) refers to technologies, applications and practices used to support decision making. BI technologies provide historical, current, and predictive views of business operations. Common functions of Business Intelligence technologies are reporting, online analytical processing, analytics, data mining, business performance management, benchmarking, text mining, and predictive analytics. Business Intelligence uses technologies, processes, and applications to analyze mostly internal, structured data and business processes while Competitive Intelligence, is done by gathering, analyzing and disseminating information with or without support from technology and applications, and focuses on all-source information and data http://en.wikipedia.org/wiki/Business_intelligence (unstructured or structured), mostly external to, but also internal to a company, to support decision making. - 64 - Max Ramaciotti
  • 26. Analytics How Are People Behaving on Your Site http://www.youtube.com/watch?v=DO-TJWbuZ6s - 65 - Max Ramaciotti
  • 27. Online reputation Online Reputation Management Online reputation management, or ORM, is the practice of consistent research and analysis of oneʼs personal or professional, business or industry reputation as represented by the content across all types of online media. It is also sometimes referred to as online reputation monitoring, maintaining the same acronym. Specifically, the online media that is monitored in ORM is: 1. Traditional or mainstream websites 2. Social networks 3. Consumer Review sites 4. Social news/bookmarking sites 5. Collaborative Research sites such as Yahoo Answers, Rediff Q&A 6. Independent discussion forums 7. User-generated content (UGC)/Consumer Generated Media (CGM) 8. Blogs 9. Microblogging (Twitter....) 10. Blogging communities http://en.wikipedia.org/wiki/ Online_reputation_management - 66 - Max Ramaciotti
  • 28. Online reputation measuring tools Online reputation measuring tools 1. Search & Aggregators a. i. http://www.trackur.com/ 1. To begin with, we'll look at Trackur. This new tool scours blogs, news sites, images, and videos for you to track your name, company brands, industry trends, or even news about your competitor. The tool allows you to search for a keyword or keywords, but also allows you to filter that search to include only instances where that keyword is coupled with other words and/or filter out instances where certain other keywords are present. Once the search has been customized, it can be saved and then subscribed to via an RSS feed or email. The items Trackur finds can also be bookmarked or emailed. http://mashable.com/2008/12/24/free- brand-monitoring-tools/ b. http://www.readwriteweb.com/archives/ how_to_manage_your_online_reputation i. http://www.google.com/alerts .php 1. One of the simplest and easiest ways to track something on the way, your reputation or otherwise, is to use Google Alerts. With this free service, you can search either all of Google's properties, or you can specify that only News, Blogs, Web, Video, or Groups is searched. You can then configure the Alerts results to be emailed to you either as it happens, once a day, or once a week. There is also a page where you can edit the alerts once they are created or delete them when they are no longer in use. c. i. http://technorati.com/ 1. The blog search engine Technorati is also a good free resource for tracking what's being said in the blogosphere. The service indexes posts as they are published and with any search you do on the site, there is an RSS button that you can use to subscribe to the search. When viewing the results on the web site, you can click between tabs to see just the Posts, Blogs, Photos, or Videos containing your search terms. d. MonitorThis i. ii. http://alp-uckan.net/free/monitorthis/ 1. A simple online tool called MonitorThis lets you subscribe to results of a search from 22 different search engine feeds at the same time. The engines searched include the main search engines like Google, MSN, and Yahoo, as well as smaller engines like Plazoo, Blogmarks, and Topix. The results are provided in OPML format. Although you have to copy and paste the code into a file you create on your computer in order to subscribe, it's still worth checking out as the list of engines searched makes this a good resource. e. Create Your Own Custom Search 2. Social Search a. i. http://www.socialmeter.com/ 1. Social meter scans the major social websites to analyze a webpage's social popularity. Currently we scan Del.icio.us, Digg, Furl, Google, Jots, Linkroll, Netscape, Reddit, Shadows, Spurl, Technorati, and Yahoo My Web. b. i. http://socialmention.com/ 1. Social Media Alerts Like Google Alerts but for social media. Receive free daily email alerts of your brand, company, CEO, marketing campaign, or on a developing news story, a competitor, or the latest on a celebrity.Social Mention is a social media search engine that searches user-generated content such as blogs, comments, bookmarks, events, news, videos, and microblogging services. It allows you to track mentions of your brand across all of these areas. Other social search engines include Serph and Keotag. c. i. http://www.keotag.com/ 1. A service from Keotag is a great tool for bloggers and those researching a topic in the blogosphere. The site lets you just search for items that are tagged with a particular keyword. d. 3. Blog Comments a. i. BackType ii. Backtype is a tool for monitoring blog comments. If people commented on various blog posts, citing your name, you never used to have a way of tracking it, until now. Backtype is a service that lets you find, follow, and share comments from across the web. Whenever you write a comment with a link to your Web site, Backtype attributes it to you. 4. Social Comments a. i. http://www.yacktrack.com/search ii. Yacktrack lets you search for comments on your content from various sources, such as Blogger (blogger), Digg (Digg), FriendFeed, Stumbleupon (StumbleUpon), and Wordpress (WordPress) blogs. For instance, if you comment on a blog, you can locate other people who are commenting on that same blog post and rejoin the conversation. iii. My favorite feature of this tool is the “Chatter” tab, which allows you to perform keyword searches on social media sites and then notifies you of instances of your brand name. Yacktrackʼs search page results also give you an RSS feed for the search term. You can also use Commentful and co.mments to track your social comments on the web. 5. Discussion Boards a. i. http://www.boardtracker.com/ ii. Along with blogs and traditional news stories, discussion boards are another channel where people can gather in a community and talk about you. Most people disregard discussion boards until they see other sites commenting on information viewed on them. Use boardtracker.com to get instant alerts from threads citing your name. iii. Boardreader and Big Boards are other tools that work similar to this one 6. Twitter a. i. http://search.twitter.com/ ii. Twitter (Twitter) messages (tweets) move at the speed of light, and if you donʼt catch them they will spread like a virus. Using Twitter search (tweetzi Twitter Search), you can locate any instances of your name and decide whether you want to tweet back or ignore them. It really depends on the context and meaning of the tweet. iii. Conduct a search for your name, your companyʼs name, or various topics youʼre interested in and then subscribe via RSS. Twilert and TweetBeep are additional tools you can use to receive email alerts. 7. Tools & Services a. i. FiltrBox 1. While all the other tools listed are quite rudimentary, this one is rather complex and intelligent. Instead of being hit with hundreds or even a thousand results for your brand name, Filtrbox only delivers the most relevant, credible mentions of things you need to track. Its “FiltrRank” technology scores content based on three dimensions: contextual relevance, popularity and feedback. You can look back to previous searches 15 days out for free as well. 8. Your Network a. networkA lot of people overlook a strong network when it comes to monitoring their brands. If you have a robust network, especially people in your industry who observe the same keywords as you, then you will receive important updates without even asking for them. - 67 - Max Ramaciotti
  • 29. Benchmark Benchmarking Benchmarking is the process of comparing the business processes and performance metrics including cost, cycle time, productivity, or quality to another that is widely considered to be an industry standard benchmark or best practice. Essentially, benchmarking provides a snapshot of the performance of your business and helps you understand where you are in relation to a particular standard. The result is often a business case and "Burning Platform" for making changes to make improvements. Also referred to as "best practice benchmarking" or "process benchmarking", it is a process used in management and particularly strategic management, in which organizations evaluate various aspects of their processes in relation to best practice companies' processes, usually within a peer group defined for the purposes of comparison. This then allows organizations to develop plans on how to make improvements or adapt specific best practices, usually with the aim of increasing some aspect of performance. Benchmarking may be a one-off event, but is often treated as a continuous process in http://en.wikipedia.org/wiki/Benchmarking which organizations continually seek to improve their practices. - 68 - Max Ramaciotti
  • 30. What to benchmark Benchmarking website commercial Content types Main function insitutional Offer Website Presentation richness Interactive tools Ecommerce Customer service Service Product customization Mood Strategic leverages - 69 - Max Ramaciotti
  • 31. What to benchmark Benchmarking website Where Contest Applications Viral Specials Social network How Content dissemination Events Interaction Social Internal community Mood Other tools Blog ….. Content types - 70 - Max Ramaciotti
  • 32. What to benchmark Benchmarking website Goal Applications Mobile Mobile site Contents Contents - 71 - Max Ramaciotti
  • 33. Homework Homework lesson 2 1. Identify “competitors” of you company 2. Benchmark their online presence basing upon the given schema 3. Output: a power point presentation or similar - 72 - Max Ramaciotti