Did U See The Videos On the ROI of Social Media?

I’ve been asked… a number of times, where can we see these videos that Kathy Herrmann and I wrote? We created them based on our thought leadership with the help and support of Salesforce.com and www.rebelunit.com (RSA) on the ROI of social media… so I thought I would post them here… so that you have access to them at any time!

Video 1: How Social Media Benefits the Whole Company

 
Video 2: How to Calculate The ROI of Social Media

Video 3: How To Build a Business Case For Social Customer

@drnatalie Learn. Share. Grow.

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The Bottomline on The ROI of Social Media

One of my favorite topics is talking about how social media is really changing business. Having looked at this topic for a number of years now I still surprised that more people aren’t familiar with building the business case for social media. Regardless of what role I have had, I continue to see the same patterns. Customers not happy with a company’s products and/or services are using social channels to broadcast their frustration, and often disdain, to millions. And there are still some companies that are unsure whether social media is really here to stay and even hesitating to really dig in deep to social media. That really blows my mind!

Many companies have done the basics… get a Twitter handle and tweet or have a Facebook page… But what really sets a company apart is the understanding that just doing the basics in social media is only the tip of the iceberg. Many of you who have seen me speak on this topic know my point of view on social media. It’s not just a channel or a technology. It’s probably one of the most important contributions to business since the assembly line.

The reason? It is literally transforming business. That may sound a bit dramatic, but my point of view on this comes from my days of listening to my dad speak about working in the auto industry. He would tell me stories about a man named Edward Deming. Deming’s moto was essentially to listen to your customers and your employees. Take that feedback and integrate it back into your company. If you were successful in doing that and really making the changes that needed to be made on an ongoing basis, you’d have a very successful company.

What I’ve found most striking about social media is that — if used as an enterprise feedback tool — it is the best source of data… from both customer’s and employee’s that a company could ever dream of obtaining. And what we are seeing is that companies that realize how to use social media – across all departments — PR, Marketing, Customer Service, Product Development, Sales, Manufacturing, etc… are the ones that are truly getting huge return’s on their investment.

I’ll be doing a series of posts on this topic and go into more detail on some of my philosophies on social media and how its transforming business. But for now, I’ll share with you some links to some of the content we’ve recently created. You may have seen Kathy Herrmann and I speak on the topic of social media ROI. To help people get a better handle on this topic, we put our thought leadership together, along with Salesforce.com to produce a white paper and several videos.

Below are the links to the materials we’ve created. We hope that these help people:

  • Believe that the ROI of social media can be calculated
  • Gain a better understanding of how ROI can be calculated
  • Use this information to start to create their own business cases and
  • Stimulate a lot of discussion on the topic.

We believe that in the course of dialogue on topics like this, some of the myths will be shattered, people will begin to help each other to get a clearer understanding of the impact social media can have on their business and together we can transform not only business, but education, government and many many other things that are very important to us all! And this is ONLY the beginning!!!

I hope that these materials help you and look forward to talking with you more. We’ll be hosting several Twitter Chats on the topics in the next few weeks, so be on the look out for when and what time!

Cheers and many, many, many happy returns!

@drnatalie  Learn. Share. Grow!

Videos:
Snackable Insights Into ROI of Social Media
Episode 1: How to Build a Business Case for Social Customer Service
Episode 2: Calculating ROI for Social Customer Service
Episode 3: How Social Customer Service Benefits the Entire Company
White Paper: ROI Guide

Info on: Social Customer Service

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What To Do With Social Customer Bullies? Customers That Use Social Media To Take Advantage of a Brand

One of the fears of executives is that if they begin to engage in social media, customers will use it to try to take advantage of the company.  While that fear is not unfounded, there are things a brand should consider in this new social media customer interaction world.

Customers Are Talking About Your Brand Whether You Are Listening / Interacting Or Not In working with clients, sometimes they are worried that if they have a presence in social media channels, customers will circumvent the normal channels, i.e., phone or email, and go straight to Twitter or Facebook with a horrible and damaging post. What I’ve seen over the years that I’ve been covering Customer Service, Marketing, PR, etc… and social media is that some customers do use social channels to complain. Whether that becomes a problem has to do with several things:

  • Products & Service Issues: Is there something wrong with the products or services you provide that would make customers so frustrated that they’d go to any length to say bad things about your brand? If so, that information has to be provided to the departments within a company that can fix it. Often times we don’t think of Customer Service as an information/feedback distribution center. But what we’ve learned is that customer service and especially social media customer service does provide real-time, often genuine and valuable feedback to a company that they can’t get any other way. A brand needs a way to collect, analyze and distribute that data — and then take the right action to fix the issues so they don’t create brand crisis situations.
  • Poor Customer Service Experiences: Is there something wrong with the service that Customer Service is providing? If so, that needs to be fixed. Often times it can be a combination of strategy, technology and execution… Is it that the agents don’t have helpful answers? Address knowledge management, training, cross-channel communication capabilities, etc… Is it that the agents don’t know enough about the customer’s other tries to solve the issue and the experience of trying to get help is blastic-inducing. It could be that the IVR, the website, chat, or that social media interactions aren’t connected to one another so the customer has to restate the problem to each person they interact with.

As customers, we’ve experienced that and we know it doesn’t feel good. If that’s the case, then a company needs to create unified customer interactions, business rules, policies, knowledge bases, workflow and analytics in a common cross-channel platform. Having insight to what a customer has done and experienced across customer touch points dramatically improves the customer’s experience. (And it can drive down costs!)

  • Manage Customer Expectations: If there something misleading about the promise the brand is making? Is the marketing not truthful or creating a situation that is a set-up for customer disappointment? Reviewing products and matching brand promises to create realistic expectations is key.  When branding or marketing, don’t over promise and under deliver. It will result in Customer Service nightmare. Often times Marketing, PR and Customer Service groups don’t collaborate. But if they do, you can see where making sure that all departments are aligned — will in the end — not only serve the customer,  but also the company.

Get the Basics Right: If you can say that you are providing the best products/services you can, your PR/Marketing is delivering an accurate promise and Customer Service is deployed in a way that creates great experiences — from the customer’s point of view– then you will be in pretty good shape. Often companies need to address the basics of business. What I’ve found is that when sincere customers go blastic, its because the company is misfiring in one or more of these basic areas.  Lesson learned? Get the basics right.

Beyond the Basics: So if you are one of the exceptional companies that is getting the basics consistently right, then you want to think about how you are going to handle customers who either start or migrate to social media channels to air their frustration. Just like anything in life, there are always the “bullies” who think they can trash a brand in social media to get free stuff, better service, etc.. Unfortunately part of what’s happened is that when customer’s do use social media to complain, companies are providing better service than if the customer used traditional channels of phone, email or chat. Reward behaviors you want repeated.

The Witness Factor: What companies need to realize is that customers are very smart. They figure out very quickly where they can get the quickiest and best results and answers. If your company consistently provides poor customer service in traditional channels, consider that you are setting the company up for bullies to take advantage of the “publicness” of social media.

What I mean by that is what I’ve called the Witness Factor. The Witness Factor is the idea that because something is public — i.e., everyone can see it — that THAT changes how companies treat customers. There can’t be one way to treat customers who call on the phone or email — i.e., poorly  — and then a different way to treat customers who use social channels- better and faster. It’s a clear set-up for bullies to use social media to try to take advantage of the company. They’ll figure that out and use it to their advantage — because they know you don’t want them to go blastic in public.

Know Your Customers: If you have a good system for identifying and really knowing your customers — i.e., contact center solutions, CRM, etc… then you are able to identify who you are dealing with. In researching this topic, I interviewed many clients. I asked them how they deal with these situations. The collective wisdom is that when a company can tell the difference between a real issue and a customer who is using social to take advantage of the situation, they make the better decisions on how to deal with the customer.

Often times companies don’t have good contact center/CRM systems, so they don’t know much about their customers. And they don’t have that integrated with social channels so they can’t connect who the person tweeting is to their contact center or CRM database.  So lesson learned here is to update systems and processes so that you can know and track customers and their interactions for all interaction channels.

Fire Your Bully Customers: One client told me that when they get a customer who consistently complains, they mark that person’s account. They set a limit on how many times they will allow that customer to try to get more out of the company than they deserve. And in some cases, they fire the customer. While that may seem extreme, what they find is that what those type of customer’s want is to take advantage. So rather than trying to please them– reality is you can’t — they decide on criteria that warrants firing a customer. Once these type of “bully” clients realize your firing them, they either leave or they change their behavior.

(Note- I’m not talking about customer’s who really have a problem they need solving. I’m talking about customers who consistently complain to take advantage of a company.) It’s important to identify theses conversations early — so social monitoring your brand is essential. And the second necessity is the ability to take the interaction offline and out of social channels into channels that are less visible to the public. Once you take it to other channels, then discern if the customer’s concern is real or if you have a “professional complainer” on your hands.

Gratefulness is Repaid in Spades: Often times, when customers who do have real issues are helped, they are so appreciative and sometimes even flabbergasted that a company was helpful, that they will return to social channels and will unprompted, they say how amazed they are with your company. There’s nothing like sincere, authentic and genuine compliments about your company in social spheres. You can’t pay for PR like that, especially in a world where Customer Service has now become PR. And especially in a world where social customer bullies are trying to take advantage of the company using social.

Brand Advocacy Matters: The other tip that the companies consistently mentioned was that if you have worked hard to create strong brand advocates, then when a bully starts to go off on a brand, the crowd will do one of several things. If they think its a frustrated customer, they may offer solutions and help to that customer.  That’s great because often advocates or SuperUsers do actually know more that your own agents — they’ve made your brand, products and knowing about them their personal hobby. And if they think its a social customer bully, the crowd will police it’s own social sphere. Often these social customer bullies get a reputation as a brand basher and neither the brand or current/potential clients pay much attention to them — or better yet the crowd calls the bully on their bullying. Creating brand advocates is key.

Let me know if this post has been helpful and please share how you have handled social customer bullies!

Learn. Share. Grow! @drnatalie

 

 

 


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Part 3: Comedian, Loni Love on What Companies Can Learn From Comedians, Fans and Customers

Click here to learn more on Loni Love’s wisdom about Twitter, on the importance of fans/customers and that there is nothing more special than showing you care.

This is wisdom that everyone can use!

Loni Love spoke at the 140tc conference, with me, about how marketing, PR, customer service  and comedy/ fans are very similar. Just likes companies need “fans” or customers, she depends on fans to come and see her perform at shows and on TV. Loni uses twitter as a way to reach out to her fans and build that relationship.

Loni Love Uses Twitter As A Megaphone To Show How Much She Appreciates Her Fans

Loni Love Uses Twitter As A Megaphone To Show How Much She Appreciates Her Fans

Loni typically starts the day in Twitter by providing her fans with inspirational quotes/jokes. She then sends out information on her schedule for the day, jokes, as well as links to funny stories. She says that many people find the content fun, uplifting and entertaining and they retweet it! Often fans are inspired by her tweets and they also send out jokes. She sometimes retweets those herself or comments on them.

When did this great comedian start using Twitter? In June of 2009. She currently has over 74,837 followers; at the time of the video in May 2009, she had 8,000 followers. Loving your fans means they grow over time.

TV's doctor, Dr. Drew showing Loni Love the "Luv" For What She Does

TV's doctor, Dr. Drew showing Loni Love the "Luv" For What She Does

How does this comedian’s actions on Twitter relate to Customer Service? Customers want to know they are valued. Loni sees Twitter as the opportunity to do that. Sure Loni is in the entertainment business and you might be in the business of customer service, but there is a common denominator here. And the commonality is this: acknowledging and appreciating fans or customers garners reciprocal appreciation, but in ten-fold. Often times entertainers, like companies, can seem like they are far removed from their fans of customers. Companies have often been categorized as giant, unfeeling monoliths. In part that is because their communication with customers and the public is very stayed, calculated and predicable. It is written, checked and rechecked to the point that it has lost the human touch.

What Loni has experienced by retweeting a fan’s tweet or commenting on a tweet, is that people feel that they have made a special connection with her. She says they are often surprised that she responds and interacts so much! They are delighted and feel cared about when she does something as simple as type something in less than 140 characters.

Loni’s whole purpose in being an entertainer and comedian is to make people laugh. Her goal is to help them forget about their problems for at least a few minutes. Loni loves using Twitter because it is a tool that helps her to spread her passion about helping people to remember to laugh and enjoy life a little more. You may have seen her spreading her humor and love on E! on the Chelsea Lately show.

Loni Love on the E! show, Chelsea Lately

Loni Love on the E! show, Chelsea Lately

Loni  suggests that when you think about the parallels to what she is doing and customer service, she suggests companies remember that customers are always the number one priority. You can reach out to them via Twitter and show your appreciation for them. Loyalty often comes from feeling “a part of something.” Paying attention to fans or customers helps them to feel vested in what you are doing and in what you stand for. And by showing your passion as a company, your employees will catch the appreciation bug also!

You can follow Loni on Twitter at www.twitter.com/lonilove

Loni’s website is: www.LoniLove.com

And information about Chelsea and her show, Chelsea Lately is at: www.eonline.com/on/shows/chelsea/

Learn. Grow. Share.

Thanks for tuning in!  @DrNatalie

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Google Announces Check-ins at SXSW Signal Conference

Today at John Battelle’s Signal Austin Conference Marissa Mayer, VP Of Consumer Products at Google was being interview by John, when she announced that Google was adding Check-ins, coupons and deals. So if you’ve been checking into places with Google Latitude in Google Maps with an Android, Google wants to help you get a little extra love. Last month they launched check-ins for Latitude, and today they rolled out the first check-in offers at more than 60 great places in Austin, Texas in celebration of SXSW.

As with most location-based apps, when you check in, you can gain status as a “Regular”, “VIP”, or “Guru” depending on how often you’ve checked in. You can now unlock check-in offers as well as increase your status. So, a restaurant or shop can give their Regulars a reason to keep coming back and their Gurus an awesome reward for their loyalty.

For more details on location-based applications and geo-fencing, check out my iCNNreport

Thanks to @JohnBattelle for a great conference today and for the press pass!

Come say hello if you are at SXSW! And let me know if you use the Google Check-in App and how you like it!
@drnatalie

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Part 4: Access Hollywood Uses Social Media To Spot Trends and Engage Audiences

This is part 4 in a series about how Hollywood uses social media. What’s interesting is that many of the ways that corporate America is using social media and digital communications Hollywood is also using it.

I taped this video while at GravitySummit.com listening to Jeremy Blacklow, Managing Editor of Access Hollywood and Billy Bush, Host of the show, talk about their use of Social Media.

Billy Bush says Twitter can be a great source of information, trending reactions to a movie, to performance at a concert, to a rumor about a star. But that it can also be a source of gossip that may not be factual. The question for Access Hollywood is how far do you take social media? What he loves about social media is people’s unvarnished opinions about things. And in Hollywood, a very political industry, let’s just say there is a lot of varnish! Here’s what Billy Banks shared with us:

Access Hollywood says what they find really intriguing about social media is that they can take the temperature of the audience. They can base whether to cover a story and/or how to cover a story — on the conversation in Twitter or Facebook. Before social media channels, directors were –sort of flying blind– in comparison.

Social media provides a gauge on what is important to viewers and that’s what TV is all about! For instance, at the Grammy’s when Lady GaGa did her song, the Twitterverse went crazy about the comparisons to Madonna.  Access Hollywood knew that this was a hot topic and they needed to cover this story.

What’s new isn’t that audiences are saying these things, or that they are saying them to each other in their livingrooms, at the bar, at the concert, at the game, at the watercooler… What is new is that they are saying it to each other, but with a megaphone that reaches not just the immediate audience, but more importantly to millions, globally.  Social Media is bar none, the most important communication device since the pencil. It is that revolutionary. I know a lot of people don’t by that… but mark this blog post, they some day will.

Access Hollywood finds people will say things on Twitter that have nothing at all to do with the truth about a star. So they can’t always rely on it for cutting-edge stories… Like any type of responsible reporting, they check with various sources before reporting on things. This may mean that they are not the first to report, but they find they would rather be right, than first.

Billy Banks says, “The TV used to be a one-way broadcast device.  Social media makes it a two way. “ And that feedback and interaction from the audience is what is revolutionizing Hollywood.

Learn. Share. Grow.

@drnatalie

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The Challenge of the “T” Executive

Are you a “T” executive? I was recently speaking with my friend John Shiple and he told me I was a “T” executive. Someone who had vast cross-functional knowledge, but also deep subject matter expertise. I didn’t know that it had a name. Pretty cool.

Part of that has come from an innate knowingness of when people work together things work out better.

Having worked as a management consultant in CRM (Marketing, Sales and Service) meant that I had to work with three different departments that didn’t normally work with each other or even want to work with each other. It meant that I was faced with trying to creating cross-functional capabilities in organizations where there had not been any.

Some people think of me as a  Customer Service expert because of one of my most recent positions. But even in that position I worked directly with CMO’s, with PR Directors, with Product Managers and Brand Managers– I didn’t just cover Customer Service, I also covered CRM. And CRM means Marketing…. It’s interesting how you get put in a box… I’ve done everything from small PR initiatives… like just write a press release to designing the whole media buy… i.e., TV and radio spots…

What I can tell you is that while some companies realized the need for it, and some even realized their ROI would be higher, the ability for individuals to work outside their own functional capabilities is slow to none. And that’s part of why I was thrilled when Marsha Collier, in her new book, The Ultimate Online Customer Service Guide, asked to interview me for the first chapter.

The Ultimate Online Customer Service Guide by Marsha Collier

What Marsha and I discussed in the interview and what is in the first chapter is what companies are facing and need solutions to regarding cross-functional capabilities.

There are millions and billions of dollars being wasted because of the lack of interdepartmental collaboration. It should be a crime when they don’t collaborate.

Not to mention the facturing of the brands equity in the social sphere when the separately interact with the customer. Below is an excerpt from the first chapter of Marsha’s book; if you want the whole chapter, you can get it here: http://media.wiley.com/product_data/excerpt/06/04706377/0470637706-152.pdf

The interview excerpt: “With your online presence, you are in the position to regularly interact with customers. You have the opportunity to see what works and what doesn’t. Knowledge gleaned from outside your inner sanctum will enable you to address key questions, such as whether your product or service offering is right for the market and up to date with current trends. This helps you motivate employees to deliver the level of service required and to identify what, if any, are opportunities for your company’s growth. Interestingly, that has been the main focus of former Forrester analyst, Dr. Natalie Petouhoff (@DrNatalie on Twitter). At Forrester, she covered not only customer service and customer relationship management (CRM), but by observing the new juncture of social media and those disciplines, she wrote the world’s first social media return on investment (ROI) model.

Natalie, now the chief social media and digital communication strategist at Weber Shandwick, is one of the truly brilliant folks in her field; her work is legendary at businesses whose budgets we can only imagine.

Her groundbreaking ideas in this arena can help to center our thoughts on exactly how this is all going to work for our own businesses. When I asked Dr. Natalie about my theory about customer service becoming the new marketing, and about how small business has an innate advantage today, here’s what she shared with me:

People asked me why I went from addressing customer service and its professionals to a public relations and marketing firm. What I found was that companies are fracturing their brands. This started to happen even before social PR and marketing departments were crafting amazing brand promises. But because the way those departments have been organized, they don’t interact with customers after the brand promise has been delivered. So who does have to deliver on the brand promise? Customer service. And because customer service has been largely trapped into the category of a cost center, it rarely is able, during those customer interactions, to deliver on the brand promise, or even have enough respect within the organization to have others accept the idea [that] they have to change products or services to better meet customers’ wants and needs.

This dynamic—the lack of interdepartmental interaction— has been happening since companies left the mom-and-pop model. Along comes social media, and what are consumers using it for? Among the many uses—to keep in touch with friends and family, find a lost love, shop—they are realizing they can broadcast to millions their disdain about how companies are not meeting their brand promise. As a management consultant back in the days of the top management consulting companies, (the “Big 6,” including Accenture, Price Waterhouse, Coopers & Lybrand, Ersnt & Young), as PricewaterhouseCoopers consultant, we were taught that more than anything, managing customer expectations was the key to success. And that lesson learned can be applied here today in business. That is the reason I joined a PR and marketing firm. I wanted to help companies manage their customers’ expectations. After many years in the corporate world, I realized the chasm in corporations needed to be healed. That chasm?

Interdepartmental disconnect and dysfunction. If I were to really help the business world make this huge change, I myself had to be the change.

I saw that PR and marketing had mastery over delivering a brand’s promise. And that their worth was based on the ability to help customers become aware, and to consider purchasing products and services from their company. Once sales “closed the deal,” customer service’s role was to help, answer questions, and solve problems.

The disconnect was that PR and marketing professionals were not always delivering a brand promise that customer service could consistently provide. And, note, none of this was the fault of PR, marketers, or customer service. It was an artifact of how companies organize themselves into groups of specialties; and rarely do they have leadership that has the intuition that continuing to interact as disparate silos not only is not in the best interest of any of those departments, [but that] it will actually be the downfall of companies, which will go out of business if they don’t “get it.”

Of the companies that do sense some of this, many of them may not know how to break down the silos in the politically charged situations they work in. And even in the best situations, they certainly would not be compensated for interdepartmental collaboration. What social media is doing for companies is essentially this: It is a source of real-time feedback.

That feedback is filled with information, if you are listening, that can be used to change your products and service to meet your customers’ needs. Imagine how much easier it would be to market and sell a product [that] your customers said they wanted. Imagine if you are listening to your customers and you are using [what they’re saying] for product innovation. Imagine if your competitor is not. Imagine the market advantage you’d have. And imagine if you used customer service as your differentiator. Why would your customers go anywhere else?

PR has now become customer service. Customer service in now PR. The question you have to ask yourself is, “How are you going to be managing the expectations of your customers, and how will all your departments deliver on your brand’s promise?” No customers, no business. Period.

To get the whole chapter, click here: http://media.wiley.com/product_data/excerpt/06/04706377/0470637706-152.pdf

To order the book, click here: http://theultimateonlinecustomerserviceguide.blogspot.com/

Thank you Marsha! For addressing a much needed discussion and for writing a wonderful book!

Learn. Share. Grow. @drnatalie

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Part 2: Access Hollywood Uses Internet and Social Media for Celebrity News

This post is the next in a series about How Hollywood uses social media. I’ve written about how corporate America uses Twitter and social media for improving and transforming their business. Social Media and Celebrities go hand in hand.

As part of NBC’s News division, Access Hollywood, uses the same standards and practices of news reporting when using social media. Access Hollywood turned to digital communications around 5 years ago. They realized, being a syndicated show that airs at different times, in various time zones, that by the time the show airs on one coast, what was news on that coast may not be as relevant to another time zone. Turning to the Internet allowed them to become a more real-time reporting network.

About two years ago, Access Hollywood began incorporating social media in addition to using the Internet to make their storytelling more relevant. They realized that unless they became a real-time news reporting organization, they were not going to last. (Notice the Real-time theme here… maybe that’s why Beverly Macy had them speak at GravitySummit.com… her book is the Power of Real-Time Social Media Marketing…)

I taped this video while at GravitySummit.com listening to Jeremy Blacklow, from Access Hollywood talk about the use of Social Media.

They find that sometimes people will say things on Twitter that have nothing at all to do with the truth about a star. So they can’t always rely on Twitter for cutting-edge stories… So like any type of responsible reporting, they check with various sources before reporting on things. This may mean that they are not the first to report, but they find they would rather be right about what they are reporting, than first. And that gives viewers the true sense of credibility about what they are listening to.
Find out more about how Access Hollywood uses social media and digital communications by clicking on the video:

Learn. Share. Grow. @drnatalie

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Part 1: How the Famous Sunset Strip Night Club, The Roxy, Used Social Media To Transform Not Only Their Business, But Their Competitors!

I’ve written a lot about how corporate America uses social media for improving the bottom-line and transforming their business. This post is about how Hollywood and famous night clubs use social media. I got to meet Nic Adler who manages The Roxy at @BeverlyMacy’s GravitySummit.com Conference. It was a sold out room, just waiting for each and every speaker to share their stories. So here’s a true Hollywood story!

The Roxy is a night club on the Sunset Strip where the best bands in the world perform. Their brand is legendary with the likes of the Doors, Red Hot Chili Peppers, Genesis, Peter Gabriel, John Lennon, Harry Nilsson, Alice Cooper, Keith Moon, Frank Zappa & The Mothers of Invention and Van Morrison have graced their stages. That’s been the good part.

The bad part is that with all the rubbing of the elbows of the “rich and famous” The Roxy, by Nic’s own admission became complacent. It would have ever occurred to them to collaborate with other clubs on the Sunset Strip. I mean come on, collaborate with the competition??? Who would do that? They didn’t see the need to cater to the bands that came to play there and didn’t reach out or interact with their fans as part of how they conducted business. The Roxy had a “velvet rope” mentally of, “You need us, we don’t need you.”

As Nic was talking at GravitySummit.com it reminded me so much of a lot of companies I’ve work with over the years. Some of which didn’t listen and went out of business…and were never heard from again… and others, like Harley Davidson… that did finally listen… did transform themselves… but at a great cost…

So back to The Roxy….When the recession hit… that’s when Nic got the reality check. That’s when he stopped doing what I call “the ostrich,” i.e., it’s when a business has a “get your head out of the sand” moment. In that moment of despair, Nic looked around the Sunset Strip to see who could help them. They realized they didn’t even know their own neighbors. It had been a time where the night clubs had competed with each other to get the best bands, out bidding one another, and not caring about the community as a whole.

And then Nic had another defining moment. That moment was when the staple business, Tower Records, went out of business. He thought, if it could happen to Tower, it could happen to me. Nic was in search of something that could save his business. At the time he didn’t think it would be social media. And Nic is no exception, as most executives don’t think of social media as a way to reduce costs and increase revenue…

Listen to how Nic Adler and Kyra Reed transformed the fate of The Roxy with social media:

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