Social CRM: 3 Years Down the Line

Let me jog your memory: Dubai unveiled the world’s tallest building — The Burj Khalifa, Haiti was rocked by a huge earthquake, Greece got its first bailout package, and thousands of air passengers were stranded due to a particularly persistent Icelandic volcano.

In the marketing world, a new buzzword was doing the rounds: ‘Social CRM’

Hailed as ‘the new frontier’ by IBM, it became the topic of much research, and countless articles on sites like this one. The Social Media Examiner defined social CRM as ‘a strategy based around customer engagement and interactions, with transactions being a by-product.’

Do the figures support the fad?

Three years on, as social media becomes an ever more integrated part of customer relationship strategy, this new infographic looks at the key figures behind the social CRM phenomenon, including:

  • 40% of consumers believe social media improves customer service
  • Every dollar spent on CRM returns, on average, $5.60

 

How can you use social CRM to boost success? Check out this Eloqua Guide to Social CRM for Business