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Posts in the ‘Social Media’ Category

Blackberry Torch wins 2010 Piplzchoice Award

As of this date Piplzchoice Award research is read by 15,126 people. In this study we analyzed Mobile Phones. We are currently tracking 98 products in these categories and analyzed 7,529 reviews written by their customers. However some of these products have not accumulated enough reviews to produce statistically representative and accurate metrics, so we filtered them out of the competition. The second round disqualified any product that failed to meet Customer Expectations with its Functionality, Reliability or Support.

Blackberry Torch 9800 is a newcomer that quickly captured the top spot for it’s Functionality and Reliability reputation.

RIM Blackberry Torch 9800
2010 Piplzchoice Award winner
59% above average Customer Satisfaction in its Category
The winners are chosen by their customers

This Phone’ Reliability score is 42% higher than the category average. See mobile phone brands analysis study below. For the free full copy of this study contact greg@amplifiedanalytics.com


First day of CEA Industry Forum

The program was surprisingly good as I wasn’t sure what to expect. The day started with breakfast for new CEA (Consumer Electronics Association) members and I was invited as Amplified Analytics became a member in the beginning of this year. It was good to meet some new and some veteran members and conversation was pretty lively.

The first session I attended was “Five Technology Trends to Watch”. I am not sure whether there were in fact 5 technology trends discussed, but it was interesting and engaging even though 2 out of 3 panelists did not show up. Jon Healy of LA Times along with Shawn DuBravac and another CEA VP discussed trends in consolidation of customer entertainment experience and implications of these trends for environment participants. I am still trying to digest the information discussed and see if it has any implications for our business or business of our customers.

The second session was presented by Brian Wesbury, “Top Economic Forecaster” and contributor to Wall Street Journal. The man is surely entertaining, but people like that give economists a bad name IMO. I suppose he is not funny enough to make a living as a stand up comedian and training in mathematics, he eluded to, makes it difficult to gather large enough audiences. I found methodologies he seem to follow, too loose for my taste and interpretations of economic data to be be either bad or not too honest. At some point I got an urge to heckle and decided to walk away instead. Relatively large part of audience did the same, muttering something uncomplimentary under the breath.

Mike Allen, Chief Political Correspondent for Politicos.com offered his speculations for the next few years. The most interesting part for me was his observations about fragmentation of news sources and how content is disseminated by White House, political parties and businesses. All points to loss of marketing muscle by traditional media outlets. I would conjure that it translates into gain on marketing power by socially driven online outlets. This is surely not a surprise for me, but an interesting confirmation from yet another source.

Mitch Joel “blew off” the roof of the house. His presentation really rocked. Mitch is the author of “Six pixels of separation”and a very dynamic and engaging speaker. God knows there are tons of Social Media gurus making speeches on trade sponsored circuit, but there are very few who really understand  the “soul” of the subject as well as Mitch. His examples were agnostic, practical and actionable, the way he answered some of the questions was very impressive. It was interesting to watch audience, that was a bit leery about subject of digital marketing, being won over and energized like that.

Throughout 3 out of 4 presentation there was an undercurrent of potential conflict between social media, digital marketing and privacy issues. This obviously hold more than casual interest for me , Amplified Analytics and many other market participants. CEA Market Research Analyst, Sean Murphy wrote a piece that is addressing this issue, and I had a private conversation with him on this subject. I also asked Mitch about his view of this potential problem. I want to address this issue in this blog later as I do some more research and I will quote the answers from Sean and Mitch at that time.

iStage presentations and competition for new products from small companies was quite interesting and while some of these products look intriguing, none of them sent me into “I want it now” frenzy.

That is my report. I am going to Amazon now  to buy Mitch’s book now.

Good night.

New Market Intelligence on mobile phones segment

As a long time customer of RIM products I decided to check how their new product fares against the other products in that market segment. I hope the finding would be of interest to you as well.
In retrospect I think Apple iPhone 4 phone should have been included into this study, however I was somewhat deterred by suspicious absence of customer reviews in the Apple store and relatively low number of the iPhone 4 reviews on other sites. I did include them into the segment Customer Satisfaction (CSI) brand analysis

Mobile Phone Brands Analysis

New laptops segment Market Intelligence study

We keep working on new methodologies for measuring impact of Word of Mouth on Brand equity. Only a few quarters ago CE manufacturers named their laptops and netbooks as two very separate categories of products, however after release of iPad this distinction started to melt away. This is the analysis of 25,4169 customer reviews of 232 laptop and netbook computers from 9 brands. The measurements represent difference between customer expectations and customer experiences using 2 point scale

The assessment was administered on reviews published before September 28, 2010. The chart below represents Customer Satisfaction Indexes for these brands.

  • As all brands display a very close, above 1, mean value which makes it safe to conclude that most customers had their expectations exceeded.
  • All brands have “negative” outliers, but their number is small
  • Samsung emerges as a leader with a large majority of it’s customers are highly positive about their experience – 50% are very concentrated at higher than average values
  • Acer and Apple display a “long tail” of disappointed customers, while Sony has the weakest brand satisfaction ratings.

Let me know if you want to see the results for Functionality, Reliability and Support reputation analysis and I will email it to you.

Did Apple “jump the shark”?

I would like to start with a disclaimer. I have long admired Apple designed products even though I have never owned an Apple product. Every time I would get an interest in buying one and come to a store to try them, I would find them disappointing, as very enthusiastic Apple supporters seem to create expectations, that are very difficult to meet. I am also an admirer of Steven Jobs, perhaps because I have never met him in person :) . However this writing is not about my personal opinions, but a comparative analysis of market intelligence produced by our algorithms, based on customer generated content or Word of Mouth, and some additional external information sources that will be specified as I sight them.

Two latest Apple products are generating a lot of press and some of it is decidedly negative – iPad and iPhone 4. This writing will focus on the analysis of the iPad devices. When you try do “comparative” analysis one starts with a list of products to compare and iPad makes it very difficult as it seem to be positioned to compete with e-readers as well as tablets. The tablets category definition presents us with yet another challenge, so for the purpose of this analysis I decided to compare iPad with popular e- or digital book devices as well as some tablet devices that do not have a physical keyboards. Some popular retail website offer a very useful hint to see what percent of people who looked at a product actually purchased it, and if not what was the product they did, however in the case of iPad or Kindle such information was thoughtfully removed from every site I have checked. I also am very disappointed not to find any customer reviews on the Apple store website. It is very hard to believe that none of over 3 millions of  iPad customers did not write about their product experience on the manufacturer store site. The only possible explanation of that can be found in accusations that Apple actually censors the iPad customer discussions the same way as they accused of doing for iPhone4 here and here. It is very disturbing if it is true.

So here is the list of products I have decided to compare in terms of them meeting their customers expectations. You can make it larger if you click on the report.

Here is the scale legend for better understanding of the report.

iPad did not meet expectations of their customers, who wrote the reviews with 53% reported negative experiences (0.91) related to Reliability, and 65% of comments about Support were negative (0.94). To be fair, the customers are overwhelmingly impressed with screen readability (100% rated 1.81)  and usability of the device (96% rated 1.53).

I know the Apple just reported 78% increase in profits, but with 63% of their flagship product customers reporting that its value did not meet their expectations (0.98), I can’t help but wonder how long it would take for Apple to start loosing it’s “freshness”.

Social Media and Customer Experience

Many Social Media proponents, activists and analysts express strong believe that its advance creates revolutionary changes to role and importance of consumer voice in market dynamics.

So far it gave birth to hordes of consultants and marketing services that promote ideas of influencer chasing and reputation management monitoring technologies, however the “scream” of offerings seem to counteract the idea of increasing the volume of the voice of customer.

One example is a number of websites, offering depository of customer reviews about products and/or services, outnumber the customers who are willing and capable to contribute to these depositories. The end result seems to be counterproductive as consumers who look for such information are hassled to sites that have no content to offer.

Some companies spend substantial energy to explore and pursue some form of activity involving Social Media and there are very few, but loudly celebrated examples of those. However that doesn’t seem to change overall reputation of these companies. One of my favorite whipping “boys” – Comcast is still rated dismally for the delivery of their customers experience, despite heroic efforts of their Social Media team on Twitter and Facebook.  Here is another example, a darling of the Social Media mavens – LinkedIn. Based on Customer Service Scoreboard scores

LinkedIn is ranked #253 out of the 273 companies that have a CustomerServiceScoreboard.com rating with an overall score of 19.35 out of a possible 200. This score rates LinkedIn customer service and customer support as Terrible.

There 56 negative comments vs 1 positive one and most of them by paying subscribers, who cannot get their issues resolved. Ironically the 19.35 score is below the LinkedIn lowest monthly subscription fee of $24.95.

I know that 56 complains is a very small number considering millions of people who use the network, but I wonder what is a percentage of them who actually use it actively enough to care, and even more interesting is how many actually pay for it. I personally am one of them and my experience is one of neglect. I have an issue outstanding for almost two years without resolution. The issue resurface from time to time and causes me a lot of aggravation and waste of time. I finally decided to use LinkedIn Inmail to escalate the problem to the founder of the company, Reid Hoffman.

On 7/2/10 12:18 PM, Gregory Yankelovich wrote:
——————–
I am expending a valuable Inmail credit and hope that you will read it.

This is the 3rd time I am erroneously locked out of my ability to ask for Introduction. I am paying customer, but I cannot get resolution for almost 2 years. The 1st time I have experienced this problem, I reported it 10/27/2008 and I am having problems with it once again and it negatively impacts my efforts to bring my product to the market.

I rely heavily on my network to reach out to potential customers and partners. However every time I encounter this problem I have to wait for 2-3 days for your Customer Support to reset the system’s counters. 2-3 days are a long time to waste in the life of a startup. I understand the power of reputation more than most people and don’t want to scream #fail all over Twitter. Please help.

To Reid’s credit he responded

Gregory,
I am reading it; I’ll put your issue into the executive escalations. Since I don’t know what you’re doing that hits problems, I don’t know if we support what you’re doing or not. (For example, not saying that this is what you’re doing, but we have very clear messaging limits to prevent spam.)
Hope it all works out. (And, btw, you can write what you feel is right on twitter: I apologize for where we step when we’re wrong or slow.)
all the best,
Reid

However his response was the only one, I am still waiting for any contact from the Customer Support. I eventually did express my frustration on Twitter:

Wasted yet another day waiting for help from #LinkedIn technical support – still no love.

What is a reasonable response time for #customersupport? Does anyone else has #LinkedIn Introduction Withdrawal or is it just me?

and here the reaction I have received

@piplzchoice Do you have a free linkedin account? If so, be thankful you get to use linkedin at all. Just sayin.

I did not write this to whine about my “misfortunes”, but to explore what, if anything, is actually changing with advent of Social Media in respect to the treatment of the customers. Advertisers keep complaining how difficult it is to gain share of consumer attention, yet when a company like LinkedIn or Facebook, does manage to do it, and end up raising enormous amounts of capital based on that fact, our attention doesn’t seem to be that valuable anymore. Let’s face it, Social Media is nothing more than another communication channel, like a next generation of telephone, radio, TV and email. All of these improved our life experiences at some cost to our privacy or quality of life, but how we use these channels is the only thing that may influence how Market delivers our Customer Experiences.

Social Networks – The New Focus Group

As any business seeks to better understand customer needs and behaviors, it’s no secret that Social Media has opened more doors to CRM opportunities than ever before.  Last week while reading a recent marketing blog, I was amazed to observe that the writer failed to suggest the current trend of social networking as a frontline method for creating a relationship with customers.

Like never before, Social Media is providing a colossal platform allowing us to hear what our customers are saying.   It is quickly becoming one of the best ways to engage a customer and gain valuable insight into their experience with our products as well as those of our competition.  Are you listening?

This explosive technology could permit any business to identify competitive threats or opportunities through information that might not otherwise be detected without listening to thousands of customers.  Historically, formal focus groups were utilized as the most common means of collecting this data in-person from the end user.  Perhaps one could imply that today social media is quickly becoming the new “focus group”.

Consider for a moment that while traditional focus groups draw in customers to discuss their experiences, so are Social Networks providing the same information.  Is there really a significant difference?  The value of a focus group depends largely on quality of questions posed to the participants with all the biases that are incorporated into a question. The main disparity is that social media presents a very public review of a product or company’s benefits and even shortcomings.  However, we must not ignore the exponential numbers of consumers who are vocalizing this valuable data.  It is often more candid than any focus group could provide.

Getting connected with them is just part of the solution.  Connecting & engaging within these social mediums is relatively easy part.  Nevertheless, just like any other ‘marketing” effort, its success is not realized without measurement.  Therefore, the opportunity exists in figuring out what to do with the unstructured data.

Fortunately there is technology available to “interpret” this valuable data. Utilizing a multi-dimensional analysis, we convert various forms of feedback into an actionable plan then we take it one step further.  We are examining customer ratings across the market of nearly 20,000 products.  Many of the companies who have attempted their own translations had to invest very significant amounts of money into text mining implementation projects that allow handling feedback about only their own products.  With more than 2 million reviews, our database can deliver satisfaction scores from real world consumers about your products as well as that of your competition.

Self help author and motivational speaker, Robert Kiyosaki,  was quoted last year as saying ‘I am a bit old to focus on social media now but I spend an average of two hundred thousand dollars monthly through hired employees or consultants on social media, online reputation etc’.  While the use of social media as a marketing tool is still in its early stages, let’s not ignore this novel opportunity to act on customer feedback.


Crowdwisdom – a filter for information overload

Clay Shirky once said in on of his presentations – “There is no information overload – it is filters failure”

Some people complain that the Internet has created overwhelming volumes of information.  Is there really too much information about objects of interest or is the perception of overwhelming volume actually misstated? Perhaps the issue is not quantity but level of quality. It is a matter of perception and focus; the ability to discriminate signal from background noise.  Both producers and consumers care about what is said about a product or service equates to dollars or pounds or yen because positive statements will usually translate into higher demand.  It is ironic how growing numbers of sophisticated product producers and consumers are tapping into the same information stream that has only recently come out of emerging social networks; a kind of digital crowdwisdom.

Whether consumers are overwhelmed by the amount of product information or just lazy, many consumers apparently prefer the conversation threads shared by digital “friends” in their social network over search engine result pages generated by a product’s keywords and metadata tags. There is a very human tendency to seek out the opinion or advice of a “social herd” of like-minded people with similar values, interests, and needs.  It is more than just a contemporary cynicism of Madison Avenue hype and infomercial verbiage. Following the “virtual herd” may at first sound like a derogatory statement but it is in fact fair and descriptive.  Herding is an adaptive trait that fosters very important social behaviors. Though it can, if carried to an extreme like lemmings jumping off a cliff appear pointless, following a “digital” herd saves time and minimizes personal risk. Whether inexperienced or as mentioned above, overwhelmed by too much information, “attending” to what the other member’s of one’s social circle say, do, or prefer is like a filtering device. Some people feel that the wider their circle and the greater the consensus toward a selection, the less risky their final choice. This filtering is especially cost-efficient. A consumer, after finding a common and comfortable social niche, has to neither spend additional time nor effort to select objects of value or need; they just follow the Word-of-Mouth recommendations of their trusted circle and their satisfaction is guaranteed.

Sophisticated product producers recognize that tapping into these social niches, if they can find them, provide free and truthful evaluations of what is right and wrong with their product line.  Crowdwisdom would appear to reflect unsolicited, and therefore one hopes, unbiased evaluations of many different facets of a product. If postings in some niche social network discuss a product, its reputation, and its brand over some reasonable time frame, a producer could conclude the data is accurate rather than misrepresented, for example, by a competitor’s planted remarks or their own staff trying to “market” company goods. They could conclude it is balanced rather than atypical and biased when, for example, a single irate customer monopolizes bandwidth with redundant rants.  Producers who cast their virtual nets over social networks to catch real-time comments must follow the best practices in statistical sampling and testing of experienced psychologists and trained sociologist. Crowdwisdom is not necessarily wise but it is, when collected carefully, extremely relevant. Especially in this digital age where many people struggle to find the signal in all the noise, it is cost-effective and an adaptive trait that minimizes personal risk. It doesn’t matter whether or not you trust or even like everyone in your social circle, if the group hangs out at a particular water hole, it must be safe to go there to drink.

Surveying Customer Satisfaction

Your online reputation is always at risk! Whether you are protecting your personal “brand” or securing the reputation of a product or service you sell, the most significant “bang for your buck” can come from an unsolicited source; a link that surfaces in a trade-related blog post, a YouTube video that goes viral, or the complementary back link on a customer’s personal blog. Social network “market intelligence” has a significant and growing voice in advertising dialog; it is what people say about you rather than what you say about yourself!

Imagine a product review that shows 5% of your customers were reporting specific design issues with, for example, the battery compartment latch on an MP3 player you sell. Image a tool that would, in minutes, help you factor out this specific design issue, recalculate a customer satisfaction index, and project that your product would outscore the competition by 4.2%. Would an online tool like this help you manage your product and your career?

Several analytic tools and techniques on the market offer easy-to-use interfaces that offer multiple selections of key performance variables and listings of competing manufacturers. These tools can filter the number of sampled reviews and adjust ranges for different scores and indices. What should you look for in such a tool?

· Verify that data collection techniques are carefully performed. Are samples filtered for promotional content and duplication? Are they run on a regular recurring basis? We believe that, depending on the market, data over 30 days old is stale.

· Select a tool that provides multiple independent criteria for your product reputation metric. Make certain your underlying data sample reliably support variables. Look for robust reporting features that are easy-to-use and well-documented.

· Confirm features that allow you to export your data to ANY spreadsheet (using, for example, comma-separated variable, CSV, format).

Whether you are a product managers or an entrepreneur, you need actionable insights to identify how well your product meets your customers’ expectations. Yesterday’s excitement becomes today’s expectation and tomorrow’s “must-be”. The ever-growing “digital word-of mouth” coinciding with the ebb and flow of social media phenomena like Facebook and Twitter can exaggerate shifts in perception and opinion over very short periods of time.

Customer satisfaction is no longer a simple statistic. Consider this key performance indicator of success as an aggregate of perceived reputation; your product’s functionality (its feature set), its reliability and its accessibility through support from you as the manufacturer, included documentation, and the friendliness of the user interface. One unexpected effect these “socially-shared expectations” have is the speed at which they can unpredictably change. Protect your product and your brand. Your online reputation and the reputation of your products need constant monitoring. Your livelihood probably depends on it!

Branding Tips That Build Product Reputation

Social media blogs and social networks of like-minded consumers and are not only reporting the latest buyer trends and behavior, they are subtly dictating a buyer’s choice. They publicize, for example, what customers can expect in current product features and services. This information acts like a “satisfaction driver” literally biasing the customer even before they go out to shop about the “must-be” parts of their purchases. If your product fails to provide what customers take for granted, your sales will drop and your product reputation will quickly suffer. Imagine that next blog posting that mentions your product’s features or support services in a negative way! You need to know what customers are saying about your product and your reputation.

Provide a venue and build a relationship

Is your product or brand associated with a social media website? A user forum? A company blog? Leverage the sense of anonymity an online forum offers. Encourage active participation with polls, surveys, and “The Most Burning Question?” submissions. When have you ever had the opportunity to so cost-effectively talk to a customer on a one-to-one basis? There is overhead in terms of administrative time but the benefits will more than likely outweigh the costs. If you offer and initially promise participation of management; keep your word! If someone posts a comment, make certain someone in authority quickly responds with more than just a robotic thank you. You don’t have to agree with comments but, you do have to prove you have read them!

Post surveys and polls about your product to encourage participation

Make certain you clearly state when and where results will be published. See if anyone is paying attention. When posting results of your surveys and polls, use the interest generated to ask visitors to respond to either another poll or a sign up email list. Give information before you ask for a name and an email address. Remember that negative criticism more often than not is more valuable than praise and fearless publishing it is a mark of transparency (good management) and character.

Grow your brand and tell people about it

Developing name and “brand” recognition by “spreading it horizontally” into collateral areas in your geographic community, on the websites and forums of colleagues AND competitors in your industry, and, most important, in your “virtual business niche”. Consider providing “expert”answers on public forums. Offer charitable donations both in your local physical world as well as in cyberspace. Charity builds your persona, your online reputation, and your brand recognition. Telling your customers about your charity is not blatant self-promotion; it can be a public announcement.