September 3,2010 | Last update 11 hours ago


RSS Feeds
Subscribe for Updates
Register Now!
Login
For Advanced Access
Newsletters
Free Daily Updates
Kensource Stockletters
Subscribe Now!




What's HOT?
Knowledge Series Books
Pathbreaker Series
Gift Subscription


Shopping
Moneylife Event Reports
Moneylife Events


Moneylife Foundation & the Centre for Advancement of Philanthropy conducted a workshop on 'Legal Compliances (under the Trusts & Societies Act, Income Tax & FCRA) & Good Governance For NGOs' on 16 July 2010

Moneylife Foundation conducted an interactive workshop on managing mutual funds and other investments on 19 June 2010. The event was sponsored by IDBI Mutual Fund. Click here for more pictures.

Moneylife Foundation conducted a workshop on Real Estate titled 'Trends, Issues & Consequences' On 5 May 2010. Click here for more pictures of the event.

Moneylife Foundation conducted a workshop on 'How to be safe and smart with your money', on 20 April 2010. Click here for more pictures of the event.

Noted writer Achyut Godbole chaired a Moneylife Foundation workshop for booklovers on 17 April 2010.

Moneylife Foundation conducts 'Brainstorming seminar on senior citizens issues'(09 April 2010).

Moneylife Foundation conducts financial literacy workshop for women (26 March 2010).

Moneylife Foundation conducted a special financial literacy workshop for women on the occasion of International Women's Day (8 March 2010)

Moneylife Foundation organised an open discussion on "Budget and You" on 27 February 2010. The participants were presented with a detailed analysis of the implications of the Budget proposals.

Sanjay Nirupam, Member of Parliament, inaugurating the Moneylife Knowledge Centre on 6 February 2010.

Moneylife, in association with Reliance Mutual Fund, organised the Big Ideas Essay Contest on “Taking Financial Markets to the Masses,” on 5 December 2009.
About Moneylife
Contact Us

Companies are taking to Twitter in a big way
March 05, 2010 08:45 PM | Bookmark and Share
Aaron Rodrigues
TWITTERFINAL

Smart companies are using Twitter successfully and are exploiting it for their advantage. ICICI Bank is the most conversational brand on Twitter, while Dell India uses the social networking tool to look into various customer queries.

These were among the many findings of a 66-company study covering nine verticals by Iffort Consulting, an India-based Web strategy and social media consulting firm.

At a time when a few politicians are getting into controversies with Twitter, Anand G Mahindra, CMD, Mahindra & Mahindra Ltd, is effectively using his Twitter account to communicate with his consumers. 

Mr Mahindra has nearly 29,000 followers. Today, he tweeted: “With r pop & poverty we hv an almost unique problem of stampedes. Time we legislated accountability of temples etc for crowd control & security.”

Nokia Music India uses Twitter to promote music albums and latest mobile phone launches from the Nokia Music Store. It regularly conducts Twitter contests to drive user participation. The Twitter account of Colors TV channel is synched with Facebook. The channel’s tweets promote its new shows and keep a tab on user reactions to reality show eliminations. UTV’s Bindass and Zee TV are also using the same strategy for promoting their shows.

The Iffort Consulting research report also showed that MTV India was the most followed brand with 56,500 followers (from November 2009 to February 2010). This indicates that India's Twitter audience is populated by youngsters. During the same period, MSN India was followed by nearly 40,000 tweets.

Most news brands have Twitter accounts which are set up using ‘Twitter-feed’. This helps them to update their Twitter accounts, whenever a news article is uploaded on their websites.

Most companies are very conversational with their users, through their Twitter interface, for discussing various issues and problems faced by consumers. ICICI Bank is primarily using the social networking tool for responding to queries from both current and prospective customers. The Bank is monitoring tweets to address concerns over Internet banking, transaction charges, and problems with debit cards. 

Dell India has a Twitter account to handle customer queries related to showroom information, personal computer details, computer shipment details and payment details information. Dell’s India account is in line with the computer manufacturer’s global initiatives. Its website has more than 30 dedicated feeds.

Organisations have started using Twitter to showcase their latest offerings, promote product launches, announce discounts and advertise contests. Specific campaigns are tailored around Twitter where users win free prizes for using a company’s name in tweet ‘hash tags’.

“As against advertising where people aren’t affected as much, here there is a chance where a person is able to create better product awareness,” said Sanjay Mehta, joint chief executive, Social Wavelength, which specialises in social media strategies.

Iffort’s study covered IT Enabled Services (ITES), telecom, Fast Moving Consumer Goods (FMCG) healthcare, Internet, finance, logistics, media and automobile sectors. These sectors were observed on different quantitative and qualitative parameters. Quantitative parameters included joining date, number of tweets, last tweet date, number of followers with the number following them, the number of re-tweets and replies. Qualitative parameters included conversations and tweet types.

“You get a chance to mingle with your prospective clients (by using Twitter) and in the process they also get to know what they feel about the company; the possibility is a little less with other media,” Mr Mehta said.

In India, Twitter usage picked up slowly, but today India ranks ninth in the list of top 10 countries in terms of Twitter users, behind the Netherlands and Australia.

Iffort’s report states that usage of Twitter will penetrate more organisations, and more firms and customers will start using this social networking tool.Conversations between users and brands which are managed by humans with an emotional quotient will continue to boost Indian marketing efforts.



Submit your comments

Name * :
Email Id * :
Author Url:
Comment*:
alert me when new comment is posted on this article
Security Code:
Not readable? Change text.
1 Comment
Payal 6 months ago
Will Anand G Mahindra make his timeshare business more transparent to it's customer who have committed 25 year of business to him.
» Reply » Link » Report abuse
What's Hot
From this section



What's Hot
Recent Additions


IDBI Bank deals itself a triple whammy 
After changing its employee incentive plan to meet targets; de-emphasising sales of non-banking products, it has now also done away with a number of fee-based charges for banking
Investors furious over SEBI’s hike in arbitration 
With less then 24 hours to the implementation of a SEBI-mandated hike in arbitration fees, investors appeal to the finance ministry for help; they point out that 84% of
Mid-cap Scanner: Adhunik Metaliks 
Not heavily traded and lesser tracked, this stock has some untapped potential
Smaller engineering companies may benefit from higher capex 
An Edelweiss Securities survey points out that infrastructure companies have firmed up higher capex plans over the next two years. This will benefit smaller engineering companies
NSE ‘refutes’ its own data which indicates that 
Ravi Narain, MD of the National Stock Exchange, believes that the bourse under his control is not hollow, shallow or illiquid. But his ‘explanation’ only raises more

> Promotional Material


Moneylife Shop

Pathbreakers
Pages - 223

List Price - Rs.1200
Our Price: - Rs.1000
Plain Truth about Stock Investing
Pages - 96

List Price - Rs.125
Our Price: - Rs.100
Plain Truths about Mutual Funds
Pages - 104

List Price - Rs.125
Our Price: - Rs.100
Plain Truths about Investments
Pages - 115

List Price - Rs.125
Our Price: - Rs.100
Plenty more interesting articles in the ML Store inside, Gift it to someone else or yourself!

Go to Moneylife Shop
Moneylife
Navigator

Subscribe to Moneylife | Send a Gift Subscription | Visit Moneylife Store | Offers & Promotions | Moneylife Newsletter | Useful Resources

Newsviewer | Commentary | Markets | Companies & Sectors | Investing | Personal Finance | Small Business | Life

Moneylife Home | Moneylife Magazine | Moneylife Shop | Corporate Moneylife | Contact Us



© 2009-10. All rights reserved by Moneywise Media and it's subsidiaries.

No contents of Moneylife.in website or Moneylife Magazine shall be reproduced without prior permissions from the authors of
Moneylife.in website and/or publisher of Moneylife Magazine.

You are bound by Terms and Conditions for using this website any further this point.
We maintain standard guidelines of User Privacy and may not disclose private user information to third parties.

Write to Moneylife webmaster for all the questions, reports and complaints pertaining to this website.