Hewlett-Packard - 5 Actions to Improve Social Media Effectiveness

The Challenge: Social media has become one of the most important points of contact for consumers. Marketers however, seldom access the gold mine of information waiting on their fan pages. Tech giant, HP does. They’re raising the bar for social interaction by developing an innovative strategy that’s setting the standard for customer engagement through social media.

So, while it is evident that companies are “in” social media they need to start becoming actively involved. A J.D. Power and Associates report notes that “businesses need to understand how their consumers use social media and then develop a strategy that addresses their usage patterns.“

One company who fully embraces this concept is Hewlett Packard. They entered the space by taking two full years to listen to their customs and determine where they were having conversations.

• They grew their social media community from its original 350+ members to over 2.4 million likes/fans on Facebook. Referrals from social networking sites have doubled.

• Referrals from social networking sites have doubled.

• HP’s online "Expert Days" have attracted hundreds of thousands of customers since their inception in 2009.

This activity has empowered employees to directly reach and converse with customers. There has been a ten time increase in blogging and social media activity by employees who go through the company’s social media training program prior to any customer communication involvement.

A key element in HP’s social interactions is that they integrate their social media with all customer touch points, not just for offers and contests. They also optimize and scale social media to ensure consistent customer experiences for different customer segments, geographies and languages.

5 KEY TAKEAWAYS FROM HEWLETT PACKARD:

• Give Customers a Platform for Product Feedback. Through social media channels the company gets valuable feedback about products. They then feed this information to product and content teams for valuable insight into the development of future technology.

• Encourage Community Engagement.  A dedicated staff manages community engagement to provide value for customers. They also recognize customers who assist their fellow social page fans. This program is set to expand for top community contributors.

• Designate Community Ambassadors. HP has over 100 people called "Experts" who answer questions on the Forums. They include both HP customers and HP employees, and provide expert, free, 24-hour real-time access and advice on various topics of customer interest.

• Create Channel Integration. The company is working on a system by which customers can post a question in Facebook that can automatically tap into the HP Support Forum.

• Set Policies and Train Social Staff. HP sets specific social media policy standards. They train all staff involved in social media so that there is both consistency in social experience as well as consistency in brand messaging.

Failure to Engage with Social Media Will Reduce Revenue and Increase Risk

The Challenge: Social media platforms are crucial to building customer engagement, but the vast majority of marketers haven’t incorporated that reality into their daily workflow—with outsize consequences to their bottom lines.

A recent study by IBM found that while more than 80 percent of CMO’s track traditional information sources, only 26 percent of CMO’s track blogs―to say nothing of newer platforms like Facebook and Twitter.

Mila D'Antonio at 1to1 Media described the consequences: "CMO’s who underestimate the impact of more deeply engaging in social media are missing opportunities to grow revenue, expand brand value, and strengthen customer loyalty."

This disconnect costs businesses money.

Last week, American Express released their 2012 Global Customer Service Barometer. They found that consumers who use social media for customer service are significantly more valuable than the general population.

Socially engaged customers:
 • Are almost twice as willing to spend more for excellent service than the general population.
 • Are nearly three times as likely to communicate positive customer service experiences.

But there's also a risk.

The flipside of socially engaged customers:
 • They are over 50 percent more likely to cancel an intended purchase because of poor customer service than the general population.
 • They are over twice as willing to share negative customer service experiences. 

CMO’s cannot take advantage of the opportunities created by social media – or mitigate the risks – if they are not engaged participants themselves. As D'Antonio wrote, "Today’s CMO’s Should Be Social Media Socialites, not Wallflowers”.

BEST PRACTICES FOR SOCIALLY ENGAGED MARKETERS:

→ Establish Social Media KPIs
For too many CMO’s, tracking social media is an afterthought. To break this pattern, socially engaged marketers need to establish Key Performance Metrics (KPIs) for every social channel they engage, and build an organization that optimizes them.

→ Track the Online Conversation in Real Time
Even if you’re not on the major social media platforms, your customers are—and they’re talking about you. Build a rigorous process to track your online reputation in real time, even on platforms you don’t actively engage.

→ Expand PR Beyond Traditional Platforms
Marketing and PR efforts must be closely aligned, in traditional media and new. Traditional press releases and media blitzes still have their place, but an effective PR organization needs to spread the word on Facebook, Twitter and beyond.