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Online Community Building – How FNB is Getting it Right

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An online community is an important part of any business. Everything about a company affects its online community, and companies that utilise social media and internet-related services in a smart way often find that their online communities are fiercely loyal.
 
Recently, two major South African banks – FNB and a competitor bank – found out just how important it is to have an online community of loyal customers who will defend your brand. It all began when the competitor bank tweeted that it was filing a complaint against FNB for claiming it was the first bank in South Africa to offer certain banking-related services for free. The competitor bank followed that tweet with a series of tweets complaining that FNB’s claim was dishonest and misleading to South Africans.
 
What the competitor bank probably did not expect was the response from FNB’s online community members. Twitter users and FNB loyalists across South Africa began to reply to the competitor bank’s tweets, chastising it for wasting time arguing about who was first to offer certain services instead of working on improving customer service and attending to customer complaints.  The response from the online community was that it viewed the competitor bank as petty for using social media to focus on issues of “who did it first” instead of using Twitter more effectively, like to answer customer questions, concerns and complaints.
 
How loyal members boosted the brand

FNB’s online community not only reprimanded the competitor bank, it took the opportunity to brag a little about the benefits of being a FNB customer. Many tweets expressed contentment with FNB’s innovation, while others gave various reasons for not banking with the competitor bank. No one claimed that the competitor bank’s complaint against FNB is untrue, just that Twitter is not the appropriate channel to discuss such issues. The sentiment amongst those who replied to the competitor bank’s tweets is that the bank should be utilising its Twitter account for other purposes, namely fielding complaints and responding to customers.
 
FNB enjoys a lively online community, with active Twitter accounts and a reputation for using social media in positive ways. Its flagship Twitter account, @RBJacobs, follows up on any complaints posted on Twitter – whether someone has been standing in an FNB bank queue for too long or they are wondering about an ATM charge, this account will usually have a response or solution within the hour.
As a result, FNB has an online community that is willing to stand up for its brand when necessary. Customers aren’t secretive or discreet about what they want from a bank, and the proof is in the tweets. Many South Africans lamented that the competitor bank doesn’t listen or respond to customer service issues and complaints, and most gave the impression that they felt their voices simply weren’t heard. 

Your online community is an essential part of your brand. The way you utilise social media when interacting with clients determines their loyalty to you. If you make customers feel as if they matter and truly listen to them, rest assured that they will defend your brand. 
ConsultaPanel has an active online panel community that regularly takes part in market research initiatives (such as online surveys, discussion groups, polls and more) from many sectors of the economy, including the banking sector. To find out more about our online panel community, contact ConsultaPanel today!

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