Feb

Social selling. Difference between Facebook and Twitter

                                                         

There are obviously some key differences between Facebook and Twitter that make them appealing to different people as well as businesses. If possible, businesses should try to leverage both networks in their marketing and sales efforts.

But marketing approaches for each network differ.  Consequently social selling approaches differ as well. Here are some major differences of the two networks that impact sales strategy:

- Twitter lets all the accounts commingle, Facebook makes a definite distinction between business and personal. This can be an issue because a business page cannot proactively connect with individuals with personal profiles. Individuals have to first like a business page and still the business can’t reach out to them directly unless they message first. This is not the case with Twitter, as anyone can follow pretty much anyone.

- Facebook preferred way to market products and promote online sales can be compared to a showroom. The prospects can see the product and purchase it through some other channel, however engagement (with prospects) is limited to friends and followers. Hence growing the number of friends and followers becomes a critical task on Facebook.  Twitter does not offer promotional capabilities but engagement activity is not limited to followers. The engagement on Twitter is therefore more straightforward and can lead to direct sales.

- Facebook user data is typically open to friends or followers. Twitter data is typically open to the entire world.

- Twitter is fast (minutes). Facebook is slower (hours and days).

- Twitter is more about building a brand identity. Facebook is more about business relationships.

To summarize, a direct timely engagement could be a good strategy on Twitter. In a typical scenario a user tweets that she needs a taxi or asks where to dine tonight. A taxi company or a relevant restaurant engages in a conversation and secures a customer. It is an efficient approach with immediate ROI.

On Facebook a good strategy is to grow and educate a community of followers. Facebook is excellent for promotional campaigns. This is a longer-term strategy with effects not visible until after several months.

 

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What Is AI Engine and Do I Need It?

Chatbots and assistant programs designed to support conversations with human users rely on natural language processing (NLP). This is a field of scientific research that aims at making computers understand the meaning of sentences in natural language. The algorithms developed by NLP researchers helped power first generation of virtual assistants such as Siri or Cortana. Now the same algorithms are made available to the developer community to help companies build their own specialized virtual assistants. Industry products that offer NLP capabilities based on these algorithms are often called AI engines.

The most powerful and advanced AI engines currently available on the market are (in no particular order): IBM Watson, Google DialogFlow, Microsoft LUIS, Amazon Lex.

All these engines use intents and entities as primary pnguistic identifies to convey the meaning of incoming sentences. All of them offer conversation flow capability. In other words, intents and entities help to understand what the incoming sentence is about. Once the incoming sentence is correctly identified you can use the engine to provide a reply. You can repeat these two steps a large number of times, thus creating a conversation, or dialog.

In terms of language processing ability and simplicity of user experience IBM Watson and Google DialogFlow are currently above the pack. Microsoft LUIS is okay too; still, keeping in mind that Microsoft are aggressively territorial and like when users stay within their ecosystem, it is most efficient to use LUIS together with other Microsoft products such as MS Bot Framework.

Using AI engine conversation flow to create dialogs makes building conversations a simple, almost intuitive, task, with no coding involved. On the flip side, using AI engine conversation flow limits your natural tendency to make conversations natural. The alternative, delegating the conversation flow to the business layer of your chatbot, adds richness and flexibility to your dialog but makes the process more comppcated as it now requires coding. Cannot sell a cow and drink the milk at the same time, can you?

Amazon Lex lacks the semantic sophistication of their competitors. One can say (somewhat metaphorically)  that IBM Watson was created by linguists and computer scientists while Amazon Lex was created by sales people. As a product it is well packaged and initially looks pleasing on the eye, but once you start digging deeper you notice the limitations. Also, Amazon traditionally excelled in voice recognition component (Amazon Alexa) and not necessarily in actual language processing.

The space of conversational AI is fluid and changes happen rapidly. The existing products are evolving continuously and a new generation of AI engines is in the process of being developed.

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3 Reasons Why Knowing Intent is Essential for Your Business

What is intent? It is the reason behind the sentences we say. Behind posts and messages, as they appear on social networks. For instance, the intent of the tweet ‘I am going to buy a new car soon, my old car is entirely broken’  is buying a new car. The intent of this one however ‘ Need to buy me a car, got things to do lol’ could be anything from killing time by posting randomly to impressing friends, but not buying a car.  

During the time when most customer activities online happened on search engines (e.g. Google) understanding of intent was predominantly the task of these search engines.  So when I type ‘typical menu of Chinese restaurant’ and the search engine displays the list of local Chinese restaurants clearly in this case it did not understand my intent.

Nowadays, when an ever growing part of the consumer related activities is happening on social networks the task of understanding the customer intent becomes responsibility of a business.

Here are three reasons why this task is essential:

1. Marketing is personalized. Email blasts are a thing from the past. Today to stay completive your business should be able to target individually. And that means knowing what each of your potential customers needs in real time. The best way to know this is to understand customer intent. The numerous analytical and measurement tools available today exist only because until recently we didn’t know how to capture customer intent properly.

2. Knowing intent allows efficient and timely service across your company’s departments: those interested in the product belong to marketing department, purchase intent goes to sales, unhappy customers go to customer service, and so on.

3. Knowing intent offers long-term sustainability to your business because it reduces the noise. Unlike the previous generations, when the problem was a lack of information, today’s problem is the abundance of information. Business can function efficiently and be sustainable only when a competent model of finding the right information is in place. Understanding of intent is the best model available

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