One of my favorite sites is Trendwatching.com. It is not the type of site I visit daily but I am always sure to download their monthly report on what the latest trends in consumerism are. In the latest report entitled “Half a dozen consumer trends for 2009” there are of course six consumer trends discussed. I will leave it to to read the seven page report but I decided to comment on one of the trends identified.
Feedback 3.0
I recently wrote about the My Starbucks Idea website which solicits Starbucks’ customer ideas about how to improve virtually every aspect of the Starbucks experience. There is no doubt that this type of interaction with consumers is only the tip of the iceberg and companies better get up to speed quickly (see the Motrin Mom’s for an example of why). Called Transparency Tyranny by Trendwatching, the trend was first noted in 2007 where it was “big”, it was “bigger” in 2008 and it will be “even bigger in 2009.”
I called the Starbucks idea Comment Cards 2.0, Trendwatching introduced me to the idea of Feedback 3.0 as quoted below
- Feedback 1.0 (early web) – Saw an outraged individuals posting scathing reviews, feedback and complaints, often to the delight of other netizens Brands remained unaware or chose not to listen, dismissing these outbursts the way they’d dismissed any kind of customer dissatisfaction for decades.
- Feedback 2.0 (where we are today) – Is about these rants — and some raves — having gone ‘mass’. The long-predicated conversation is finally taking place, albeit amongst consumers and not, and intended, between corporations and consumers. Companies have started to take note, but to a large degree still choose to listen, not talk back, trying to ‘learn’ from the for-all-to-see review revolution. Which is surprising to say the least, since a quick and honest reply or solution can defuse the most damaging complaint.
- Feedback 3.0 (which is building) – Will be all about companies joining the conversation, if only to get their side of the story in front of the mass audience that now scans reviews. Expect smart companies to be increasingly able (and to increasingly demand) to post their apologies and solutions, preferably directly along-side reviews from unhappy customers. Expect the same for candid rebuttals by companies who feel (and can prove) that a particular review is unfair or inaccurate, and want to share their side of the story.
With this information in hand I give you a few of my tips for ensuring that your brand does not miss out on the conversation as it is certainly going on.
- Set up Google Alerts – It is really easy to miss the conversation going on if you don’t try to listen. Google Alerts are most certainly the easiest way to track any conversation that is going on about your company or brand. Choose the right keywords and get the digest sent to yourself everyday that way at least you will not go more than 24 hours without knowing what is going on.
- Claim Your Twitter Account – This again is a really simple thing to do and is one that you should do immediately if you have not done so already. There would be nothing worse than someone squatting on Twitter using your company’s name and responding as if they were your company. Jeremiah Owyang has a good article on this you should read.
- Search on Twitter – One thing you can be sure of is that if there are any (and I mean a single one) consumers or people who have interacted with you, your brand or a product produced by your company (including being the ad agency for a corporate brand) it will eventually come up on Twitter. So use Google Alerts to ensure you are on top of the situation daily and use Twitter Search to keep up to date during the day as response time is crucial.
- Gather Your Own Feedback – While your company may not have the money to invest in a large campaign like Starbucks or Dell, there are many ways you can solicit ideas and feedback from consumers, partners and employees. The important part is not to how you solicit the ideas, it is that you act on those ideas and some how (use your blog, employee newsletter etc…) relay the information that you are taking action to those who took the time to give you the suggestions in the first place.
Those are my ideas for you, I do recommend you sign up for the Trendwatching newsletter.