Seattle-based ValueVine, a social media management solution for franchise and multiple-location businesses, this morning launched a powerful new version of their tool that expands focus beyond Facebook and Twitter and positions the company as a social media management, engagement and analytics solution. The new product, called ValueVine Connect, has such a wealth of new data and analysis functionality that CEO Neil Crist told me, “This will now be our lead product.”
That’s pretty impressive considering their previous management solution was solid.
Retail organizations can differ greatly from traditional B2C businesses – with their dynamics presenting a series of unique opportunities and challenges around the development of social media strategy and tactical implementation.
On the plus side, retail has some inherent characteristics that are very conducive to social media. One colleague, David Ian Gray, often refers to retail as a “natural social network”, where brick and mortar stores act as community hubs – conduits for people with similar interests to gather. In addition, he feels that retail has a built-in “theatrical element” that facilitates experiences and fuels word of mouth communication – very helpful when it comes to social media.