Businesses spend a lot of money on polls, customer surveys, satisfaction reports and other forms of market research. Which is why it’s surprising that so few invest (a comparatively small amount) to use social media tools to analyze customer feedback. Listening & understanding client opinions should be the first stage of any marketing campaign, and with social media, it’s possibly one of the easiest campaigns to implement. Unlike other mediums it’ll also get you real-time feedback.
I’m not going to go into the details of how to listen, Chris Brogan, and many others, do a good job of providing tips on which tools to use – whatever your budgets are. Be warned though, the old rule of garbage in – garbage out still applies! You still need to know where to look, whom to ask your proverbial questions to (prospective clients, dell evangelists vs the dell-hell group), what questions to ask and most importantly you’ll need to be able to interpret your findings into meaningful information, which can be harder than it looks.
The skills you’ve developed from traditional marketing still apply, and you’ll need to use them regularly. Social Media is just a medium, not a substitue for analysis, interpretation and applied intelligence.