- Should a B2B Medical diagnositics company start a professional community site for a group of users? Within this are questions:
- ROI of social media, specifically
- ROI of professional community sites
- Direct Revenue from site
- ROI from increased sales as a result
- Other measures which influence sales
- Increased Brand image, Trust -> customer retention
- Increased Trust -> increased customer testimonials
- Decreased Customer support calls,
- Increase in marketing data collection at decreased cost
- Increase in ability to hold and record conversations with end users
- ROI of other B2B social media (facebook, twitter)
- Costs of implementing
- Community site
- Other social media program costs
- Examples
- Concerns about regulated industry what can be done
B2B, Medical and Lifesciences diagnostics; case studies and best practices examples
- Key is Utility, Value, Entertainment "because they believed in the power of their strategies, they went ahead without compromising and focused their efforts and resources in developing best in class executions. Unfortunately, diminishing initial creative ideas is a mistake that still happens too often due to the difficulties in evaluating return on investment in social media." BurgerKing, BestBuy, Gap, Canon EOS (community photos ) http://jyesmith.com/social-media/4-case-studies-in-utility-value-and-entertainment/
- Indium - 15 engineers blog: 70 blogs. http://socialmediab2b.com/2009/09/b2b-social-media-example-indium-blogs/ - Rick Short Indium
- There is also a statement that these are personal opinions, rather than company positions.
ROI
Compendium on ROI case studes http://barnraisersllc.com/?p=2504
- Cisco saved $100k on product launch costs through investment in social media instead of in traditional media http://www.socialmediaexaminer.com/cisco-social-media-product-launch/
- ROI and internal community and Social media strategy: IBM
- Has SM guidelines, but does not police employees
- Provides and internal platform for Inside co social media with 17,000 blogs, internal wiki with over a million daily page views.
- Crowd-sourcing identified 10 best incubator businesses, which IBM funded with $100 million
- $100 billion in total revenue with a 44.1% gross profit margin in 2008
- http://www.socialmediaexaminer.com/how-ibm-uses-social-media-to-spur-employee-innovation/
presentation on why brand communities? Benefits:
http://www.slideshare.net/agentwildfire/it-takes-a-community-to-raise-a-brand-not-a-campaign-presentation
- Hispanito http://www.socialmediaportal.com/Research/2008/04/How-to-build-and-grow-a-Hispanic-Social-Network-the-case-of-www-Hispanito-com.aspx
- Oracle Partner Network:Gartner report http://www.gartner.com/technology/media-products/reprints/oracle/article134/article134.html
- Nurse one
http://nurseone.ca/
- List of patient and practitioner communities
http://www.doseofdigital.com/healthcare-pharma-social-media-wiki/
- review of physician communities, July 2010
http://careers.bmj.com/careers/advice/view-article.html?id=20001227
Top 5: doctors.net(175k) sermo.com(112k) doc2doc.bmj.com (28k) doctorshangout.com (17k)
- Vitabotics ROI from community site
http://www.freshnetworks.com/case-studies/social-media-case-study-vitabiotics - The UK's leading health supplement manufacturer used social media to learn more about the health and beauty needs of their customers. Created a community site with forums, blogs, beauty experts to answer questions. 13,000 community members, 1000 women apply for product trials which get a 95% completion rate.
- learn more about customers
- find customers to test and trial products and get feedback
- Promote products to target audience
- Responses from customers feed into new product development
Jive is used by Cerner (ucern), Netapp, Charles Schwabb
see book
The 2020 Workplace - in depth discussion -
Company Goals, commmunity, transparency, collaboration -"bottom up" culture
"community gardners" - from corp learn ing who moderate. Internal launch 2009 - point systems. helpful employees get points from participating online which leads to + performance reviews. system is integrated into workflow not separate.
http://www.jivesoftware.com/#
Netapp community http://communities.netapp.com/index.jspa
Charles Schwabb http://activetrader.schwab.com/research/TradingCommunity.aspx
trading community. "Share ideas, ask questions, and find ways to improve your trading - plus network, socialize, and learn from other Active Trader clients, Schwab and third-party experts. "
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