Sean Wood

Web entrepreneur into creating successful business ideas for the social web. 
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Social Media Trends for 2010

To Be Successful, Companies Should Focus On Four Key Trends
by Jeremiah Owyang

1) Don’t fondle the hammer. Understand customers, focus on objectives, not develop strategies based on ever-changing tools. Companies really need to understand their customers first, see our recorded webinar to learn more.

2) Live the 80% rule. This is a movement: get your company ready. 80% of success is getting the right organizational model, roles, processes, stakeholders, and teams assembled –only 20% should be focused on technology.

3) Customers don’t care what department you’re in. Customers just want their problem fixed, they don’t care what department you’re in. Yet, now, nearly every department can have a direct relationship with your customers using social tools. As a result, provide customers with a holistic experience Start to investigate how brand monitoring, community tools and CRM systems are merging.

4) Real time is *not* fast enough. Companies cannot scale when it comes to social media, for most companies, you cannot hire enough people to monitor and respond to the conversation, As a result, lean on advocates, by building unpaid armies, and anticipate customer needs through advanced listening techniques.

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Comments (1)

Feb 17, 2010
SMROI said...
Thanks for posting this slideshow from Jeremiah. Social Media ROI (SMROI) will be a huge trend this year as businesses quantify their ongoing social web initiatives.

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