Social CRM was born because of the Social Web.
This Wikipedia article, and Wikipedia is MY fav for getting definitions, has this to say about Social Web. “The Social Web is currently used to describe how people socialize or interact with each other throughout the World Wide Web.”
I don’t think a huge number of people would disagree to the first line of this article. There are people who have told me over time, that Social means “interaction” and has nothing to do with software or the web. I agree with them in toto. Yet, a “Social CRM” did not come into the picture till Social Web got firmly rooted in minds and actions around the world, as a part of people’s lives.
With the Social Web, came a new level of interaction and interactivity between people. They discovered that this was a brilliant way to work and share their lives continually with a range of people, known and unknown. As part of sharing lives, trials and triumphs, discoveries and doubts, cusses and praises, started flowing across the internet stream.
People discovered, that somewhere here, was an influencing trend that needed to be tapped.
CRM, or Customer relationship management (CRM), as Wikipedia says in this article, “consists of the processes a company uses to track and organize its contacts with its current and prospective customers.”
CRM (the software) has been around for a huge while now. It has moved from a cumbersome book-keeping process to a finely tuned piece of automation, that does allow companies to service their customers better.
The prime functions of a CRM are typically
- Prospecting & Lead Generation
- Continued touch-point with customers towards need fulfilling, trending & forecasting, and a higher level of structured engagement.
- Complaint redressal and churn forecasting
A structured CRM process is a brilliant source of secondary data for marketing research services of an organization. And thats just the tip of a blasted huge ice-berg. Companies have fine-tuned CRM processes and systems to work in tandem for huge boost in efficiencies.
So why sCRM now?
As mentioned earlier, sCRM or Social CRM was born to tap a growing Social Web as a key point of continued interation, that served as a phenomenal pipeline of prospective customers.
Not only prospective customers, sCRM also looked to mine “influencer” patterns to decide what makes or mars a product or a service. Without really knowing it, this continued mining of various media online started revealing trends, patterns, structures, and bodies that probably at some time could be linked to a sale or lack of.
Where was sCRM actually born?
I would probably look upon Google’s context sensitive ad serving, as a FIRST in sCRM. Google actually understood that levels of interactivity and communication exchange would always be an exponential parameter to keep tapping, and introduced Adsense to address this constant interaction.
It monitored what you’re searching for, what you’re talking about, what you have discussed, and linked advertisers contextually to you. Thus, it provided much needed basis for monitoring HOW MANY PEOPLE ACTUALLY DISCUSSED A PRODUCT AND SERVICE OF YOU AND AROUND YOU.
And how was this addressed? Simple. Your communication just got displayed more than others depending on how many people shared a universe around you.
Now this was not really DIRECT, was it? It had to move into higher levels of commercialization (or keyword bidding, ad slot bidding etc).
Which meant that if you were in the, a domain, and ran a campaign to tap this universe that used your domain, you also had to contend with peripheral “chance” units that tried to eat into your domain. Finally things were always about buying keywords, related or unrelated, and displaying your communication on the off chance that it might result into a positive zap for you.
sCRM in todays era?
It’s all about monitoring social interactions on social sites. Its all about monitoring content and possibly, “adjectives” within content. For eg, I think PRODUCT X is NOT GOOD. It revolves around knowing spheres of influence that such innocuous statements can spread to. It revolves around knowing residual or “spread” points of such spheres of influences and influencers.
IMO, and I really haven’t evaluated any “sCRM” a brilliant sCRM should do all the above. And since it’s really the “S” that’s the hey here, some of the key matrices should include an emotional engine, an expression engine, and an adjective engine.
Finally, finally, finally. Till we actually figure out WHERE this has impacted a topline or a bottomline, we are just doing what my dear friend Bob Thompson calls “Stalking”
In the next article, I’d like to discuss a really interesting debate I’ve been having with myself, and with some others on Twitter and other forums “Whether Recruiting on Social Web can be managed by an sCRM”.
2 Users Response In This Post
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Somehow I am finding the discussion getting too much into definition and semantics and to that extent, away from the business. Irrespective of the terminology that you use, what is important, is to recognize issues like pain points, business opportunities, consumer benefits and such.
Great story. Bravo. Good use of definitions and semantics…
This is one of the more relevant stories on a fast moving target.
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