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Customer surveys, social mining provide essential business insight

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Meeting customer demand and maintaining fresh and innovative products and services are at the nuts and bolts of what makes a business successful. In order to understand the best ways to adjust product and services offerings, small business owners must aggregate and analyze data about their operations.

According to USA Today, there are few better ways to accumulate this type of information than to mine social media posts and ask clients to partake in customer satisfaction surveys.

With social media initiatives being a must for nearly all small businesses and online surveys becoming easier to conduct, small firm owners must pounce on the opportunities to access the information they need. However, before using these resources, owners must be sure they are protected with the proper small business insurance policies, in the event social streams and survey creators become compromised by hackers.

Use online surveys to get ahead
Michael Winnike, founder of caramel business Happy Goat, told the news source he is planning to use customer surveys to help the company reach its revenue and expand into retail stores.

“It’s given us access to information that we wouldn’t get by other means,” says Winnike. “Unless we can get our product to a price point and packaging point that can service those chains, we’ll never get in those places.”

Resources such as SurveyGizmo, Qualtrics and Google Consumer Surveys allow small business owners to ask customers a number of different questions for little or no costs, providing business leaders with the information they need by being proactive and seeking out that information.

“From the beginning, having a customer dialogue has been a huge part of our growth,” Craig Elbert, vice president of performance marketing at Bonobos, which uses Qualtrics, told the news source.

Pay attention to social sites
While customer surveys give small business owners the opportunity to ask their clients questions, social listening tools allow them to see what customers are saying about their small business, as well as their competitors, said the news source.

By leveraging information from Twitter, Facebook, news sites, blogs and message boards, small business owners can get a real understanding of what customers are saying about their products and/or services.

“Never before have marketers been able to really know what consumers think about all of their competitors in real time,” Lisa Joy Rosner, chief marketing officer of social listening tool NetBase, told the news source.

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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