Social CRM: Game Changer

Customer Relationship Management System (CRM) is a system to manage current and potential customers. It usually makes use of the incentive program and membership program to attract customers, thereby enhancing revisit rate and customer loyalty. The system collects data from members and customers to conduct big data analysis. Today it isn’t enough! You have to collect the ‘’Fans’ ‘data as well. We call it Social CRM.

 

Social CRM

Social CRM-Fans to Customers

 

‘’Fans’’ is a new keyword which emerges in recent years. Fans are potential customers who have interest in the products or services. The keyword “fans” is closely related to social media. Many merchants start running their own Facebook, Twitter, YouTube, We Chat and etc. Social media allows footprint collection and interaction with fans. You can engage with fans and ‘get likes’ to increase loyal customers.

 

Social CRM: Low Conversion Rate?

 

Just recently, I was invited to ’like’ and ‘follow’ a Facebook page by a restaurant. As a return, it offered a cocktail for free. I believe everyone shares the same experience right? Shops offer discounts to induce fans on Facebook, and most people will do that. However how many of you un-follow the Facebook page afterward? The promotion is effective but only work for a while. Only a few fans will keep following the Facebook page. Therefore, the conversion rate is low while the cost can be quite expensive.

’Content’ and ‘engagement’ is the foundation of Social CRM. Fans may leave you once they found your content not interesting. Continued engagement is more important than discounts. Instead of spending money to offer discounts, it is more effective to spend resources to enrich your content.

 

Social CRM-Big Data

 

Social Marketing is the trend of the times. Many enterprises reduce traditional media advertising and spend more resources on Social Media. They made videos, info-graphic, text to interact with fans. Fans and visitors response and sometimes even engage with you.

Those engagements from fans are valuable data, which represents the consumption behavior and preference. Don’t waste them! What you need is an automatic CRM system which allows data analysis, data collection, continued monitoring and prediction. Like Google Ads, they collect your footprint and cookies on internet, analysis and then deliver related advertisements. If you search shoes on the internet then you will most likely see a shoe advertisement on Facebook.

Social CRM allows enterprises to engage with fans and customers across multiple channels. This is precious because it understands of customer needs more effectively than more marketing research ever could. Social CRM is redefining customer relationships management and also reshaping long-standing business processes.

 

Other articles:

 

Big Data Analysis-CRM Big Data

Big Data Analysis- Collection

 

Extended reading:

 

Understand your customers better with big data

Will Big Data Finally Turn CRM Into Something Truly Valuable?

What Is Social Marketing? And How Does It Work?

CRM System, Improved and Evolved

The importance of big data analysis cannot over-emphasize nowadays.  “Customer Relationship Management (CRM)” is the most well-known and introductory application of big data analysis in the business. CRM system is actually an old vocabulary, which highlighted on increasing customer loyalty. Today CRM means something more.

 

Why is the Incentive Program ineffective?

 

The incentive program was the mainstream in the marketing industry. Marketers spent most of their time working on the program. They used different discounts to recruit members and increase the revisit rate. However, the effect was unsatisfied. The initial revisit rate increased for a while but not long lasting.

Why is it ineffective? This is because human estimation is unreliable. The marketing staffs designed the program schemes according to their own experience and assumptions. It is more like guessing. Sure they can rely on marketing research, but the marketing change can be rapid. The results can only reflect the preference of the majority. What we need is something more accurate and efficient, a tool that can achieve precision marketing while catching the speed of the changes.

 

Data analysis is the booster to CRM System

 

Big data analysis understands the preferences and interests of each member. It can dig in and find out what incentives can motivate customers the most. The focus should now shift from “member incentive plan” to “big data analysis.”  Know your  each customer. A customized, unique promotion and discount to each customer was once impossible but now become doable with the help of big data analysis.

 

Collect Data and Draw Customer Portrait

CRM System

What is customer portrait? It is to draw a portrait for each of your clients. The more detailed the lines, the better the data will be used to shape the customer’s tastes. What data should we collect?

First, we need to focus on customers’ attributes, their lifestyles and consumption behaviors.

  • Fixed features: gender, age, region, education level, birthday, occupation, constellation
  • Interest: hobbies, APP, website, browsing/collection/comment content, brand preferences, product preferences
  • Social characteristics: living habits, marriage, social/message channel preferences, religious beliefs, family composition
  • Consumption characteristics: income status, purchasing power, product type, purchase channel preference, purchase frequency
  • Dynamic characteristics: current activities, demand, location, surrounding businesses, surrounding people

 

How to collect the above data to build a CRM system? Some are already in your CRM database (customer database), and some can be collected through their “footprint.” Every their activities on the internet such as clicking and browsing can be monitored. For example, visitors’ browsing cookies remain in the browser. The server can identify and record their browsing behavior from various actions, clicks, paths and etc. We can further analyze their long-term and short-term needs and interests.

 

You can create tailor-made incentive plans for each customer. Not just different, but also dynamically adjusted according to the customer’s consumption behavior and feedback on the incentive plan. What you need is to find a company to build and design a “CRM System” for you, so the above program can function automatically.

 

Other articles:

 

Big Data Analysis-CRM Big Data

Big Data Analysis- Collection

 

Extended reading:

 

Understand your customers better with big data

Will Big Data Finally Turn CRM Into Something Truly Valuable?

What Is Social Marketing? And How Does It Work?

 

 

 

Big Data Analysis-CRM Big Data

Some may see Big Data as something distant and complicated therefore not applicable to small and medium enterprises. The truth is Big Data can be practical and profitable. We can use the CRM (customer relationship management) system to practice big data analysis. Let’s see an example of CRM Big Data.

CRM Big Data

 

Akindo Sushiro is one of Japan’s number one chain sushi restaurants with more than 440 stores nationwide. It takes the lead in implanting wafers under sushi plates to calculate the distance travel by sushi on the slewing belt. Each dish of sushi walking at a predetermined distance will be withdrawn to maintain the freshness of the food to guarantee the quality.

In June 2015, Merchant Sushi Lang launched a Smartphone app (App), allowing guests to book a table through the app. Guests enter the telephone number, region and schedule time. The app will display the waiting time of all the stores in the area. The app will then issue a reservation number. Once the customers arrive at the store at the preserved time, they key in the reservation number on the electronic board outside the store. The electronic board receives the message and the seat will be arranged.

 

CRM Big Data-Collecting Effectively

 

This app solves the problem of long waiting time, also making the booking much easier. It benefits customers and most importantly, customers are giving out their information willingly.

Some guests may provide false information in phone or paper during the registration and booking, which affects the accuracy of big data analysis.

By using the Smartphone app’s online booking system, guests can learn the availability of the table, obtain the reservation number and compare the waiting time between different restaurants. The popup notification function is also available. The app notifies users once the table is ready. These user-friendly and convenient functions successfully motivate lots of guests to download the app. They are now happy to leave their true information like phone number, GPS location, age in order to place the booking, which guarantees the validity of the data.

 

CRM Big Data-Analysis and Insights

 

The app includes membership program, promotions, and coupons. This package offers not only discounts but also a more convenient and easier way which saves time for guests. All they need to do is to download and register. When the app became more mature and smooth, they further released the take-out service function. This required customer to provide more detailed personal information like the delivery address. Address of your customers can be very useful because it can tell whether it is a business or residential. It indicates the income level of your customers which suggest which groups you should target on.

The merchant’s CRM System integrates the guest’s data and carries out an analysis. The system tracks customers all activities like which store he went to, how many people visited, when did he enter, when did he left, what did he eat, how much he spent, did he use any coupons, did he click the promotions/advertisements through the app and etc.

Once the guest books through the app again, the data management systems will analysis the previous consumption data and conduct preliminary data mining and analysis. The app will offer custom, unique and attractive member discounts which base on the customer’s preference. In other words, every guest may receive different member discounts. If the CRM system detects a customer prefer salmon than tonguefish, the app delivers promotions on salmon more often. This is so-called Precision Marketing or Targeting Marketing, which significantly increases marketing successful rate.

CRM big data 3

 

Know Yourself, Know Your Customers. CRM Big Data assists you to draw up successful marketing strategies and giving you insights on managing existing customers.  Small, medium and big enterprises can utilize the advantages of CRM system through big data analysis.

 

 

Other articles:

 

Big Data Analysis- Collection

 

Extended reading:

 

Understand your customers better with big data

Will Big Data Finally Turn CRM Into Something Truly Valuable?

What Is Social Marketing? And How Does It Work?

Big Data Analysis- Collection

The Membership Management System achieves a new level in CRM because of the Big Data Era. Nowadays the business industries and the political parties are trying everything to participate in Big Data Analysis. The use and influence of big data can be promising. In this article we will focus on how to collect the big data.

Big Data Analysis

 

A startup company called Synapbox has developed a facial recognition system. It combined with the big data database, in order to assist companies to conduct large-scale marketing research.

They used desktops, tablets, and Smartphone to catch the facial expressions, eye movements and changes while the consumers browsing an advertisement. Then they conducted a big data analysis to calculate the conversion rate, i.e. turning viewers into potential customers. With that accurate data, they can assist companies to carry a more effective marketing campaign to increase customer loyalty.

So here is the question, how do we collect the data effectively and efficiently?

Big Data Analysis

 

Big Data Analysis – Membership Management System

 

The first step is Collection. What is the right way? The ideal way is that the customers give you their data willingly. First, you must meet the needs of your guests. Offering discounts through the membership management system is one of the efficient ways to motivate customers. Their registration of membership leave lots of personal information such as age, gender, occupation and etc. It is the foundation of a member database. Once they are registered members, their further consumption activities also provide large amount consuming behavior data, which helps us to draw  the customer profile.

Big Data Analysis – How to collect the data ‘quietly’?

 

Big Data Analysis

Sure you don’t want to alarm the customers. Most people are quite sensitive and protective referring their personal information. Moreover, you do not want to annoy the customers and affect their shopping experience. So how do you collect the data without interfering the customers?

Membership Management System

 

Both Google and Facebook are fully committed to Big Data Analytics. Their data analysis software is free and public. You can use the Analytics Software to track the visitor’s all activities such as clicking, login, registration, browse history, region and etc.

Even the visitor is a non-member, you can use the “cookies” function to learn the visiting rate and the devices that the visitors are using. Most importantly, visitors are not aware that their browsing behavior is being closely monitored, recorded, and analyzed.

Japanese Toys “R” Us combines their membership management system with the mobile app to motivate visitors to watch their advisements. The apps also set up a ‘’Kazasu Camera’’,   which allows visitors to visit AR content and watch 3D videos. While their visitors browsing the apps, those AR contents introduce and promote their hero products in a more fun way. It successfully attracted customers to leave more data willingly.

 

Big Data Analysis – Connecting Social Media Account

 

The past registration procedure was not effective enough which the visitors were required to fill in a long registration form. Visitors may give up in the middle during the complicated procedure. Now you can shorten the procedure by inviting them to log in with their social media account such as Facebook, Google, Twitter and etc. It saves time and troublesome for visitors and they don’t need to remember one more password. This allows you to give them each a unique identity. You can access their personal data from the social platform to strengthen the quality and number of the customer database. The easier they become a member the more data you collect.

To sum up, it is the best policy to attract customers to participate actively in the process of collecting consumer behavior data. If you finish this article, congregations! You know the key concepts of collecting data. Big Data Analysis is unstoppable, and it is a train we all need to catch up with.

In the next article, we will further discuss a real case.

Extended reading:

Understand your customers better with big data

Will Big Data Finally Turn CRM Into Something Truly Valuable?

What Is Social Marketing? And How Does It Work?

大數據行銷-是捕捉客人的真命天子?

大數據行銷-這架列車亦吸引了台灣速食連鎖龍頭麥當勞搭上,麥當勞目前已有多項支付方案正在進行或計劃推出,包含「麥當勞點點卡」、「信用卡小額支付」服務、與發卡銀行合作發行「麥當勞聯名卡」等。沒錯,以提供優惠來吸引和鞏固顧客絕非新鮮事。然而,在大數據爆炸的年代,這些客戶產生的數據就是21世紀的新石油,只要好好利用,香港的企業其實可以同樣借鏡參考。

 

大數據行銷

 

大數據行銷-提高精準行銷命中

透過這些會員管理系統(Member Management System),能有效精準地收集顧客消費數據。以台灣麥當勞的會員卡系統為例,客戶持卡消費除了免卻現金支付及找零的麻煩外,最有價值的部分莫過於蒐集大量且精準的客戶消費資訊。在顧客點擊、瀏覽產品、下單、付款等等這些客戶接觸點中,顧客都會產生大量數據。就好像是一幅幅客戶的自畫像。零售商可以清楚地掌握會員消費的時間、地點、品項、數量及金額,這些都是非常寶貴的企業經營數據,有助了解客戶的喜好、消費行為與消費模式,並可掌握產品銷售的情報與熱度。

要知道,同一套的優惠計劃並不能吸引所有人,正所謂「一樣米養百樣人」,折扣(discount)對某些人很吸引,但對另一些人,出席活動的優先性或是會員特權(privilege)才更具吸引力。

透過大數據分析(Big Data Analysis),可以精準掌握客戶需求和喜好習慣,零售系統便可以各類型的溝通管道,例如簡訊、App推播、Facebook、Line或是email,不定期或在特定節慶或時間(event-based)將客製化、個人化的產品與促銷活動訊息提供給會員,達到精準行銷的目的。你亦可以將會員分門別類,提供針對以特定客群為導向的市場營銷策略,提高銷售的命中。

新零售新行銷,都是基於大數據。只要好好利用,與CRM (Customer Relationship Management System)結合,便能加強對顧客需求的了解,改善顧客消費體驗,以提高顧客忠誠度(customer loyalty)

其他數據行銷故事:

客戶關係管理-邂逅大數據

從粉底說數據行銷

數據行銷第一步

延伸閱讀

Understand your customers better with big data

Will Big Data Finally Turn CRM Into Something Truly Valuable?

What Is Social Marketing? And How Does It Work?