Ways social CRM can benefit your business.

1. Social CRM can target your marketing to key segments. “Brands are looking to see ROI from their social marketing activities,” By using customers’ interests, conversations, location, demographic and other data gathered from various social media sites, marketers can capture and utilize that intelligence to create very focused messaging and offers to motivate their contacts to act. This enables the brand to see the entire cycle of customer development from their social marketing efforts, from initial discovery to transaction and beyond.”
2. Social media monitoring can help you uncover potential customers and find out which customers are influencers. “People are talking about products, brands, product categories, wants and needs at a staggering rate Monitoring the social web enables businesses to monitor the chatter and sentiment about their products and services as well as the competition’s. “More importantly, social CRM enables businesses to identify current customers — including the ones who are potential influencers and advocates for your brand — as well as prospective customers.
Business owners need to monitor conversations around their brand, their products and services and their competitors, using appropriate keywords. “Gathering these social conversations [in one place like your CRM system] enables you to track the volume of conversations about your brand or market over time,” and then use that information to better engage and interact with your customers.
3. Social CRM can help you monitor what customers are saying about your brand and your products (for better or worse). “Monitor your product name, your company name, or just keywords for your industry, and then pull those bits of information into your CRM system that will help you get a true sense of what customers (potential and existing) are saying about your products, services and business, so you can adjust or target your marketing and development strategies accordingly.
4. Social media can be a wonderful customer service tool — especially for countering negative comments. Monitor those sites where people can leave comments about your business, products and service. That way, if or when someone has something negative to say, you will know right away and can respond immediately. Responding online, in a public forum, in a sympathetic and helpful way “goes a long way to showing that person that you’re listening, that you care — and it also shows everyone else who’s privy to that conversation that you’re there and you care and you’re taking the time to reach out to someone who had a bad experience.”
5. Social networks are like having a free focus group. Facebook. Specifically, you can have a page(s) of key selections dedicated to say Jazz music lovers, by turning the groups that “liked” the Facebook page can help choose which one to invest and promote. Not only will the Facebook fans quickly identify a favorite, they made the label even better by pointing out that key notables like certain phrases should be use to describe the selection.
6. Social media can build community and lead to new opportunities. By running a twitter chat that should eventually be a video chat, business owners can talk about different issues for small businesses — how to use social media, what virtual collaboration tools people are using, how to manage your finances,” and other topics of interest to small business owners. It’s a great way for to connect with business owners and can lead business opportunities the company might not have found otherwise.
7. Social media can be a great promotion and sales tool. Many bricks-and-mortar businesses are using Foursquare, a mobile social tool, to engage their mobile customers, offering them discounts and prizes like a free cup of coffee or a coupon for 10% off their next purchase when they check in on Foursquare at their store or restaurant or business, which often leads to actual purchases.
8. Social media can help establish you as an expert people want to buy from. For example, as an insurance agent who set up a Facebook page where they posted pictures, videos and information about events in her community, giving prospective buyers a real flavor of the services, agents, and establishing themselves as a kind of trusted friend and guide — someone who people would want to buy from.
9. Use Facebook to let customers get to know your business and the people behind it. Use sites like Flickr and Facebook to post pictures of your products, either on their own or being used by customers, fun events sponsored by your business, as well as employees — images that accurately portray your company culture and give people a true sense of who you are and what you do. People tend to trust and buy from companies they feel they know and have a relationship with.
10. Use YouTube to educate your customers. Use video networks like YouTube or Vimeo to post helpful how-to guides that show your customers how to set up or use your products. This form of outreach and customer education engenders loyalty — and can help you attract a wider audience for your products and services