This story acts a powerful reminder that unless you have a strategy with your social media you stand a very good chance of actually generating more negatives than positives and your online reputation can and will go backwards.
The credit for this Social Media story goes to a friend who we'll call "J" as not to effect their ongoing dispute with Virgin Mobile Australia.
"J" had a problem with their Virgin Mobile bill, they had been overcharged to the tune of $200+ for services they had not used.
As most reasonable customers would do they contacted Virgin Mobile customer services in an attempt to correct the error. After three phone calls and 1 hour and 20 minutes spent on hold “J” was no closer to resolving the issue.
Understandably unhappy with the situation the customer turned to the internet and social media for help.
"J" updated their own Facebook status, wrote on the Virgin Mobile Facebook page and posted their grievances on Twitter. In under 5min "J" had 2 responses with offers of help from Virgin Mobile on both Facebook and Twitter not to mention several comments and tweets from other Virgin Mobile customers who'd had similar issues.
After providing the appropriate details to Virgin Mobile via Twitter "J" hasn't been contacted . So after a rapid response there's still no solution and the probability of another complaint being listed on Twitter or Facebook goes up.
This case raises a few points about social media strategy:
When complaints do show up (and they will sooner or later) have a procedure for handling them. Show how you resolved the issue and post it publically. Then people can see that you're willing to help giving them confidence that even if they encounter a problem you can and will help.

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