By Randall McCallum on Monday, 15 September 2014
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Survey shows that a clear majority of businesses recognize the benefits of the customer community model in building brand trust, improving support and reducing costs, as well as in enhancing marketing efforts and generating new product ideas.

Get Satisfaction Survey Reveals Online Customer Communities Are Becoming a Higher Priority for Organizations



More Than 800 Respondents Report Their Plans for Support, Marketing, and Product Ideation

SAN FRANCISCO, CA--(Marketwired - Sep 10, 2014) - Get Satisfaction, the leader in online community platforms, today released the results of a large-scale market survey of business views on online customer communities. The survey shows that a clear majority of businesses recognize the benefits of the customer community model in building brand trust, improving support and reducing costs, as well as in enhancing marketing efforts and generating new product ideas. These views extend even to companies that have not yet implemented online communities.

The survey, Community Trends in 2014, received more than 800 responses from professionals in support, marketing, and product teams in across both large enterprises and small and midsize businesses (SMBs).
View and share the graphical e-book outlining the top highlights at http://bit.ly/13TrendsPrez.
To download a copy of the full survey report, visit http://bit.ly/market-report-2014-PR.

Key survey results include:

1. The market for online customer communities is a high priority. More than 60% of respondents have deployed a community in the past 2 years; of those without a community, 25% plan to deploy one in the next year.

2.Companies said their online communities deliver improved customer support at lower cost. 77% say that community is a key component to their customer support. 49% said community has been a cost-savings for their support operations -- as much as 10-25% annually.

3. The benefits of customer communities extend to marketing and sales. More than 60% of respondents that have created customer communities use them to create more engaging websites and differentiate their brands. 74% use their communities to drive organic search traffic. 50% plan to use their communities finding up-sell opportunities.

4. User-generated content is recognized as more credible than any other. 62% of all the survey respondents agree that user-generated content has more credibility in supporting brand trust than content created by employees.

5. The most advanced companies are using their communities to generate product ideas and test new products. 72% of respondents that have deployed communities are using them to get feedback on how existing products are used. 67% use their communities to collect ideas for new products or features from customers, and 46% rely on them for feedback on prototypes or beta products.

"This survey shows customer communities are delivering impressive business benefits," said Rahul Sachdev, CEO of Get Satisfaction. "The findings point to the support ROI, marketing effectiveness, and product innovation benefits that online communities offer. Communities delivery a very fast time-to-value -- they can be up and running in as little as a day, and at a very reasonable cost."

About the Survey
More than 800 professionals in support, marketing, and product teams responded to the Get Satisfaction community trends market survey during July and August. Respondents came from companies large and small, and across a variety of industries including B2B technology, consumer goods, education, and finance.

About Get Satisfaction
Based in San Francisco, Get Satisfaction provides an online community platform connecting companies with customers to foster relationships that unlock new value for both sides. Companies of all sizes and industries -- from Intuit, Kellogg's and P&G to Sonos, HootSuite and SugarCRM -- rely on Get Satisfaction to deliver online communities that modernize customer support, accelerate sales, differentiate their brand and inspire new innovations. Get Satisfaction's community platform offers the fastest time to value for companies ready to embrace the way today's customers want to engage. To learn more, visit https://getsatisfaction.com/corp/.

SOURCE: Get Satisfaction
Presentation Transcript
13 Highlights on the Latest Trends in Online Communities Market Survey e-Book September 2014

Introduction
In July, Get Satisfaction conducted a market survey to professionals in support, marketing, and product teams regarding their use of online communities. –More than 800 people responded. The purpose was to uncover online community trends in all sorts of organizations. (See Appendix for demographics.)

This e-book reviews the highlights:

HIGHLIGHT #1 It is still a new market for online community platforms 61% YES 39% NO When asked if they had an online customer community: Of those with a community 33% have had it less than 1 year Another 25% at 1-2 years 3

HIGHLIGHT #2 Online community is becoming a higher priority for companies 25% of those surveyed plan to deploy an online customer community within the next year.

HIGHLIGHT #3 They see obstacles in their way Multiple choices allowed. 5 When asked, why haven’t you deployed an online customer community yet? We don’t have the staff to manage it. 48% Not sure how to get started. 42% Too expensive. 29% Don’t see the value. 22% Will take too long to deploy. 18%

HIGHLIGHT #4 Companies are using their communities for social support 6 Companies say their community… 84% 77% 57% …provides a social support experience. …is a key component to their customer support. …enables a peer-to-peer support model.

HIGHLIGHT #5 Social support communities are a cost savings 49% say community has been a cost-savings for customer support More than 1/3 report annual support cost savings of 10-25%

HIGHLIGHT #6 User-generated content is more credible than anything else 8 Agree that user-generated content has more credibility in supporting brand trust than employee-generated content. 62%

HIGHLIGHT #7 Even those companies with no community see the value 9 78% 69% 49% Believe community would provide better customer service. Believe their customers would like the ability to have self-service support. Believe community would enable a peer-to-peer support model.

HIGHLIGHT #8 Benefits of community go beyond support to marketing Multiple choices allowed. 10 Use their community to create a more engaging website. 67% Say it differentiates their brand with a social customer experience. 63%

HIGHLIGHT #9 Companies plan to expand their communities to help generate revenue 11 Multiple choices allowed. 54% Plan to use their community to prevent churn or increase up-sell opportunities. 50% Plan to use their community to engage prospects earlier in the sales process.

HIGHLIGHT #10 Marketers use community to help drive SEO 12 Use their community to create content that drives organic search traffic. 74%

HIGHLIGHT #11 Even companies with no community see the value in marketing 13 Believe a community would help them market to customers and prospects much better. 77% Believe a community would significantly improve their brand. 69% Multiple choices allowed.

HIGHLIGHT #12 Advanced companies use community to generate product ideas 14 72% 67% 63% Use their community to get feedback and insights on how existing products are used. Collect ideas for new products or features directly from customers Use their community to collect ongoing voice-of- customer insight

HIGHLIGHT #13 Communities are a great place to test new products 15 Get feedback on new prototypes or beta products before they are released. 46%
Conclusion •Online communities are a high priority; 25% of those surveyed have plans to deploy in the coming year •Social support is a popular first use case with strong ROI •Marketers use communities to provide a more engaging website and increase SEO •Product teams gather ideas and test new products

•Get the full report http://www.getsatisfaction.com

Appendix
SURVEY METHODOLOGY •Data collected from Get Satisfaction Market Survey during 3 weeks ending July 24, 2014. •Survey was promoted to the Get Satisfaction contact database, socially, and on the web. •826 people responded. 18
DEMOGRAPHICS Less than $50M 67% $50-200M 16% $201- 500M 5% $501m-1B 4% More than $1B 8% Annual Revenue Small Enterprise Midmarket 100-500 42% 500-1,000 11% 1,000- 5,000 12% 5,000- 10,000 8% 10,000+ 27% 19 Number of Customers
DEMOGRAPHICS 28% 21% 14% 9% 8% 6.5% 6% 4% 3.5% 0% 5% 10% 15% 20% 25% 30% B2B Tech – SaaS/Software Other Consumer internet/online technology Consumer goods Education Non-profit or government B2B Tech – Hardware Consumer hardware/electronics Finance 29% 20% 17% 15% 12% 7% 0% 5% 10% 15% 20% 25% 30% 35% Customer Support/Service/Success Marketing Other Product Development/ R&D Operations Sales 20 Industry Department
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Monday, 15 September 2014 00:23
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Thanks for sharing Randall
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Monday, 15 September 2014 00:28
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