By Jan Carroza
This is worth repeating.
Intuit drives conversion with social media on par with its transaction sites.
If anyone continues to doubt the influence of social media on sales, this is the time to acknowledge the value. Oh, and remember, BTW, it’s still basically free. Unlike traditional or pay-per-click advertising, for the most part, the only real cost is the time of staff or an outsourced team to create, manage and monitor the messages.
How did they do this? Kira Wampler, Principal of Ant’s Eye View and formerly of Intuit, described the process at the August Social Media Breakfast Seattle meeting, saying that it all started by word of mouth. Once they had a track record, they demonstrated it to develop partnerships that took it all further.
What was the compelling word of mouth message? Helpful engagement.
Identify the Pain Points of your Prospects
Intuit asked businesses to describe their biggest challenge and how they solved it. As the program grew to over 1.2 million visits and 2000 stories, they partnered with bloggers. Leads were more valuable than the average.
Responding to a common desire for businesses to be noticed, Intuit built a program called Love A Local Business, to award small business grants. They also employ a widget to extend their message across retail sites increasing traffic 360%. A whopping 40% of traffic votes…
Reputation Management Is So Worthwhile
Incredibly, they found they could reduce the negative messages. When they started into a new venue, such as Facebook, they typically found that negative messaging made up 65% to total sentiment. With careful attention to their audience, they reduced negative sentiment by 30%.
Two great suggestions Kira had for the audience:
- Make sure all your social media URLs are entered into your website analytics. Analysis from this data will help you share your interpretations with your management and drive the next decisions for your efforts.
- Survey your customers to see where in the purchasing process they might use social media. Are they reading online reviews? Encourage them to post one for you.
Time Management is Possible
One of the biggest objections I’ve heard to getting into is how much time it can take. At Intuit, the management takes about 4 hours a week by one employee. They prioritized social media starting with the most impactful, Amazon’s reviews. Once your social media sites and management tools are all set up, the day-to-day can be very productive for a focused individual.
How do you make social media management work? Find the right response to your target’s pain points, be helpful, track your messages in a focused manner and you too might see social media success that matches or beats your paid advertising campaign.
You can watch the entire talk at http://www.ustream.tv/recorded/8840696.




