Saturday, July 20, 2013

Week 1 Part 2 Task 6: Social Network Monitoring Business Plan

In order to be successful in business today, a company has to capitalize on the recourses and technology available to them. Today’s world is socially connected, and a business needs to join this social community to prosper. One major resource is social media outlets like Facebook, Twitter, and Instagram. These programs allow customers to discuss, comment, criticize and even endorse a company’s products. Using products that monitor these social media outlets, the company can learn what customers are saying about their products and use this information to their advantage.
Social media monitoring products allow businesses to analyze, measure, display, and create reports about wait is being said or posted about their products or brand name. For example a business could use the product Salesforce Marketing Cloud to gain valuable information from consumers about specific products. The Salesforce Marketing Cloud is the world’s only unified social marketing suite. This program offers social listening, powered by Radian6, social publishing, powered by Buddy Media, and social advertising, powered by Social.com™. “Listen with Radian6 is used to gain valuable insight into conversations happening online about your brand, products, competitors, and industry. Publish with Buddy Media allows the company to manage and schedule posts and create and publish compelling content with social apps. Advertise with Social.com allows the company to build, optimize and automate highly targeted social advertising campaigns that are integrated with your customer data.”[1]

After these programs gather all the information, the company can use it to better their brand. If customers like a competitor more, the business will know this and can see what improvements need to be made to their product so that customers will be satisfied. This is information straight from the best source out there, the consumer. 

Programs like Salesforce Marketing allow a business to gain valuable knowledge about their products and using information that is already out there. It would be a waste if they didn’t gather this information and use it to their benefit. Listening to what the customers, competitors, critics, and supporters are saying about a firm’s product is key to a successful business.

[1] http://www.salesforcemarketingcloud.com/about-us/

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