Are you using this information to enhance your business?
The insights you gather about your customers, prospects, products and competitors with social listening can be valuable.
In this article you'll discover eight ways to use social listening for your business.
Why Social Listening?
Social listening (or media monitoring, as some people like to call it) is about searching the web and the social space to see what's being said about your company, your competitors and other topics of interest.
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With a little time and creativity, you can go beyond just monitoring your brand and use social listening to enhance content marketing, business development, product management, human resources and customer support.
Here are eight ways social listening can benefit your business.
#1: Generate Leads by Solving Problems
One way to find new business opportunities is to monitor keywords that relate to people's problems and needs or their frustrations with a competitor's product.
Monitor terms like “[competitor's brand name] can't” or “[competitor's brand name] won't” to identify pain points.
Once you identify these potential customers, reach out to them. Ask them what their expectations are for the product and where it's falling short. Then explain your product's benefits and added value, and make yourself available for questions. You may also want to provide a demo of your product.
#2: Attract New Customers
To generate new leads for your business, brainstorm for keywords that people might use when researching a product and track these terms across forums and social groups.
Join the conversations and find out more about any potential customers' needs and expectations. Be genuine in your interactions.
Later, check your database to see if anyone from the forum signed up to try your product. Send those new customers an email offering to personally help them get started.
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#3: Identify Influencers and Advocates
After a big product launch or update, track the link to or the title of your press release to see who's sharing it. This information helps you identify influencers in your industry. Reach out to them to start building relationships.
You'll also want to identify your biggest brand advocates. Find and reward them with giveaways or special offers. Continue to keep them engaged as your brand grows, because satisfied customers are one of your greatest marketing resources.
#4: Discover Where Your Community Hangs Out
Social listening enables you to find out where your potential and current community members carry on important conversations—Twitter, Facebook, Quora, comments on blogs or somewhere else. Track these conversations, and when the time is right, join in.
#5: Improve Customer Care
With social listening, you can instantly identify both positive and negative feedback.
Monitor your brand name with and without the @ symbol (many people forget to add the @ symbol when communicating on Twitter).
Also, track common auto-correct misspellings for your brand name and monitor your website mentions (for example, www.yourbrand.com and yourbrand.com).
This gives you the opportunity to show your appreciation for positive comments or to find and respond to disappointed customers, turning potentially negative experiences into positive ones. If people take the time to write about issues with your product, they're open to your help.
#6: Get Feedback on Products
Social listening also helps you identify potential issues early in a product's life cycle.
Track your brand name's mentions and if someone posts a bug about your product, assign the issue to your development team so it can be fixed as quickly as possible.
Then, respond directly to your customer to nurture transparency. If feasible, use your personal email account rather than your company account to show the human side of your business.
#7: Find Top Talent
Your human resources department can benefit from social listening, too. Hiring top talent is frequently a challenge, but tracking conversations in forums, in social groups or on blogs can help you identify key candidates with remarkable skill sets.
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#8: Drive Innovation
Asking your customers what they want, as tempting as that might be, can result in skewed answers, misinformation, and potentially, failed products.
Henry Ford famously said, “If I'd asked my customers what they wanted, they'd have said a faster horse.” It's often easier for people to comment on something that is in front of them than to imagine something that doesn't exist.
With social listening, you don't have to ask people what they want; just listen in on their conversations and use these insights to figure out what they need.
Get More Out of Social Listening
Social listening goes well beyond just monitoring your brand's reputation. You can use social listening insights to improve many aspects of your business, including business and product development, human resources and customer care.
Now you need to find out how to make social listening work for your business. If you're interested in how to build a social listening dashboard, be sure to check out this article.
What do you think? How are you using social listening to improve your business? Please share your thoughts and tips in the comments below!
Lead to customer photo and Website and internet icons photo from Shutterstock.
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