In order to deliver a true return on your investment in social media, you need to turn your Twitter followers and Facebook fans into prospects and customers. And the best way to develop those relationships is to tie all of your social media interactions into a contact database that will help you add intelligence, segmentation factors, and channels through which you can connect with your contacts.
Adding Channels. Both you and your contacts should be able to add and modify the channels that are available to you for potential communications. Of course you should be able to enter information you collect from a business card, but your efforts can’t stop there. A customer-facing preferences panel is a must, if for no other reason than to reassure your contacts that they are participants in a conversation and not just the audience for your monologues and sales pitches. Let them decide how they wish to be contacted. Don’t be afraid of empowering your contacts. They just might thank you for that with a sale later on down the road.
Adding Intelligence. Your customer-facing preferences panel should also allow contacts to tell you what they want to be contacted about. It’s rare that every potential customer is interested in every widget you have on offer. Don’t clog their inboxes with irrelevant messages or soon they may deem your entire operation irrelevant to their increasingly busy lives.
Your system should also have the flexibility to allow you to enter intelligence that you uncover on contacts indirectly. If you see @So-and-So tweeting a lot about cupcakes one day, you might want to sign him up to receive notices on your new baking widget, something he might not have even known was available yet.
Adding Segmentation. On the most basic level, you should be segmenting your contact list into four categories: prospects, contacts, customers, and advocates. The goal, once those basic categories are in place, is to further segment to help you best determine how to turn contacts into prospects, prospects into customers, and customers into advocates. To that end, you should implement tags to refine your list. Who are the bloggers? Who’s local? Who is reposting or retweeting your content the most? Tag them, and keep track!
Are you doing other things to develop your contact list? If you have any secrets you want to share, please leave them in the comments below.




Excellent post!
We believe twitter followers can be converted.
We are working towards building the tool that puts twitter follower in web-based group video chat where the interaction is richer and chances of conversion are higher. Feel free to checkout Boomchat.