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Webinar: Transformation to Social Selling

LinkedIn
Customer Success Manager at LinkedIn: Helping sales teams grow their business through Social Selling
Sep. 13, 2012
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Webinar: Transformation to Social Selling

  1. Sales Solutions “Transformation to Social Selling” LinkedIn Confidential ©2013 All Rights Reserved
  2. Our Agenda for Today Presenters: •Ralf VonSosen •LinkedIn Sales Solutions, Head of Marketing •Craig Rosenberg •Industry Expert & Leader, Focus Expert Network Agenda: •Overview of Social Selling •Transformation to Social Selling •Making Social Selling Scalable •Q&A (send questions throughout) LinkedIn Confidential ©2013 All Rights Reserved
  3. How you doin? What social selling is not. LinkedIn Confidential ©2013 All Rights Reserved LINKEDIN SALES SOLUTIONS
  4. What social selling is not. Been out on the course lately? LinkedIn Confidential ©2013 All Rights Reserved LINKEDIN SALES SOLUTIONS 4
  5. Transformation to Social Selling Craig Rosenberg May 2011
  6. Why social selling? Your buyers are there 175 million members in over 200 countries and territories. As of June 30, 2012, business professionals are signing up to join LinkedIn at a rate of approximately two new members per second. Page 6
  7. Why social selling? Your buyers are telling you who they are Never in the history of modern selling have we seen time where prospects and customers publicly post and update information on their roles and responsibilities Page 7
  8. Why social selling? Your buyers are telling you what they care about Never in the history of modern selling have we seen time where prospects and customers publicly post and update information on their roles and responsibilities AND what they care about and are working on Page 8
  9. Why social selling? Your buyers starting the buyer process online 75% of respondents to an IBM buyers survey said they were likely to use social media in the future as part of their purchasing decision. Page 9
  10. Buyers are buying by committee “Decisions are not made by a single person in B2B models – they are made in a chain-of-command or committee model. “ Esteban Kolsky http://estebankolsky.com/2012/07/question-why-are-you-in-social-channels/ Source: Marketing Sherpa B2B Marketing Benchmark Survey, August 2010 Page 10
  11. Buyer decisions are getting longer and more complex awareness consideration purchase level of buyer activity “ We have a project” “I’m just “ We’ve downloading made a decision” stuff” “ We’ve shortlisted vendors” “I’m just browsing” time © 2011 Focus, Inc. All rights reserved. Page 11
  12. The first round of social selling: Chaos © 2011 Focus, Inc. All rights reserved. Page 12
  13. Second round of social selling: Proven Productivity 1.We understand the goal of social selling 1.Organizations are adopting 2.We now have a framework for success © 2011 Focus, Inc. All rights reserved. Page 13
  14. Social selling does not replace sales, it enhances it “Many of the social selling tenets are selling best practices” Andy Rudin, Outside Technologies © 2011 Focus, Inc. All rights reserved. Page 14
  15. Social media allows sales to create meaningful, one-to-one relationships And you don’t need to pick up the phone every time © 2011 Focus, Inc. All rights reserved. Page 15
  16. Social selling: not just for breakfast anymore 1. According to Richardson/McCord Social Media in sales 65% of businesses report using social media in their sales efforts. 2. 1,700 IBM North America inside reps have now been trained and enabled with tools for social selling, and the company is preparing to extend the initiative to overseas regions for some of its digital brands. The inside sales team now has a total of 50,000 LinkedIn connections and has posted 20,000 tweets.. 3. The IBM program drove 4x orders for product during their pilot quarter of social selling than during the same time the year before. © 2011 Focus, Inc. All rights reserved. Page 16
  17. Your social selling framework 1.Standardize 2.Self brand 3.Listen and watch 4.Deliver valuable insight 5.Find 6.Engage © 2011 Focus, Inc. All rights reserved. Page 17
  18. Three questions for every sales manager 1.Where are our customers? 2.Where will my reps be most comfortable? 3.Where will my sales reps get the most value? © 2011 Focus, Inc. All rights reserved. Page 18
  19. Create a standardized social platform 1. Designate one platform for sales reps to “live Secondary platform inside” 2. Monitor other platforms when appropriate Main platform In most cases, Linkedin will be the base for social operations •It is the place where the vast majority of social business activity happens •Unprecedented visibility into your customers and their organization Page 19
  20. The self-brand • Buyers need to trust you • Buyers need to know that you know the right people • Buyers want to know you have are an expert in your space • Buyers want the best sales person (believe it or not) • The most unique thing is not always the company or the product; but it is always you Page 20
  21. Think like a marketer: Build a credible online presence •Complete profile including: photo, experience, skills, honors, and recommendations. •Stream of updates to relevant content •Membership in relevant groups •Connections Page 21
  22. Always be connecting •Create a core competency and process in your sales team around building their networks •Sales managers should monitor and reward network building Page 22
  23. Sales Person PI: Watch and listen 1.Know your customer and their organization 2.Follow them 3.Watch them interact “Effective use of sales intelligence increases revenue productivity per sales rep by 17%” CSO Insights © 2011 Focus, Inc. All rights reserved. Page 23
  24. Account planning has gone virtual Old Days Today Day long account planning sessions Minutes-long account planning “Sell high” Triangulate Manual account investigations to Real-time visibility into organizations determine relevant decision makers Cold calls Referrals © 2011 Focus, Inc. All rights reserved. Page 24
  25. Listen and learn 1. Follow companies 2. Look for personal updates, profile changes, and updates 3. Watch them interact in groups and forums "At the rep level, social media is less about tweeting than it is about listening, reading and knowing what people are talking about. That's what lets them better tailor their contributions to the discussion.” Douglas Hannan, IBM http://chiefmarketer.com/social/ibms-social-selling-computer-giant-finds- b2b-leads-social-media?page=1 © 2011 Focus, Inc. All rights reserved. Page 25
  26. Deliver valuable insight Answer the following question: Why would a buyer follow you? The answer is NOT: “Because they can’t wait for you to hard-sell them” Provide value to their day-to-day challenges © 2011 Focus, Inc. All rights reserved. Page 26
  27. Four ways to deliver insight 1. Status updates with content 2. Personal content deliveries via Inmail (“Jim, I thought of you when I read this”) 1. Offer to make connections 2. Group conversations 3. Use the “like” feature © 2011 Focus, Inc. All rights reserved. Page 27
  28. How to scale content with sales 1. Provide them with content • Marketing should provide content • Self-tools like RSS feeds 2. Allow them to and encourage adding their own spin 3. Manage and optimize their insights © 2011 Focus, Inc. All rights reserved. Page 28
  29. Four rules to sales insight 1. Don’t talk about yourself 2. Don’t pitch 3. Help and provide value 4. If you build it, they will come “I really think of myself as that information concierge and really have become a content connoisseur in really understanding what is required from an education perspective to get that future advocate to purchase and to become an advocate of our company, our product and my personal brand as well.” Jill Rowley, Eloqua sales and social selling expert http://www.heinzmarketing.com/2012/06/social-selling-in-action-qa-with-eloquas-top-salesperson-part-1-of-5/ © 2011 Focus, Inc. All rights reserved. Page 29
  30. Opportunity generation Old Days Today Purchased lists Ability to find the right people with the right role with the right challenges Calling the admin and asking around Advanced search techniques allow you to find the people you want to talk to “Columbo-style” interrogations of Unprecedented pre-call sales prospects intelligence Open with pitch about you Open with pitch about them Seek and find people needing help Buyers publicly asking for help in Groups, Forums, and Q/A "If we didn't do this kind of social listening, we wouldn't know about a lot of these opportunities until it was too late to get considered. Social media let us engage earlier with our clients—hopefully, earlier than our competition.“ Hannan, IBM http://chiefmarketer.com/social/ibms-social-selling-computer-giant-finds-b2b-leads-social-media?page=4 © 2011 Focus, Inc. All rights reserved. Page 30
  31. Engagement “Delivering relevant, timely, and meaningful messages to prospects and clients has NEVER been easier” © 2011 Focus, Inc. All rights reserved. Page 31
  32. Pre-call research: How sales manager teach today’s social sales person 1. Study contacts and companies 2. Read their blogs, Linkedin updates, Twitter feeds 3. Search for business problems aka don’t ask them about the golf trip with their buddies 4. Use playbooks based on buying personas © 2011 Focus, Inc. All rights reserved. Page 32
  33. “Someone you don’t know has a problem” 1. Via listening, the sales rep finds a person with a challenge 2. Deliver valuable content or help make a connection. 3. Content playbooks tell sales reps what internal content should be passed along 4. Two paths: • Early in sales cycle: connect and nurture • Late in sales cycle: engage directly © 2011 Focus, Inc. All rights reserved. Page 33
  34. Social Selling 2.0 1. Institutionalize it 2. Train sales 3. Build for scale 4. Share success stories 5. Make it part of day-to-day life sales life 6. Optimize We really wanted to make social selling part of the basic way we sell. We didn't want our reps spending five minutes a day tweeting and then going back to their 'real' job.“ Douglas Hannan, IBM http://chiefmarketer.com/social/ibms-social-selling-computer-giant-finds-b2b-leads-social-media?page=1 © 2011 Focus, Inc. All rights reserved. Page 34
  35. Thank You! •Craig Rosenberg •Funnelholic.com •@Funnelholic •http://www.linkedin.com/craigrosenberg •Ralf VonSosen •rvonsosen@linkedin.com •@rvonsosen •Linkedn Sales Solutions, Head of Marketing •LinkedIn Sales Solutions •Website: http://sales.linkedin.com •Slideshare: http://www.slideshare.net/linkedin-sales-solutions •@LinkedInSelling •LinkedIn Group: LinkedIn Sales Solutions LinkedIn Confidential ©2013 All Rights Reserved
  36. Sales Solutions “Transformation to Social Selling” LinkedIn Confidential ©2013 All Rights Reserved
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