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Using Social Networks to Increase Channel Selling




Louis Columbus   Senior Analyst and Author for the Technology Industry
Introduction
                                                All the best relationships you have in the real world take commitment, time and a
                                                big heaping dose of trust to work.

                                                The same is true of online relationships—especially those with customers and
Trust is the catalyst of all                    channel partners.
successful relationships,
online or off.                                  In the hype that swirls around social networks, that point is getting lost. This e-book
                                                is about getting centered on trust first to better serve your sales force and channel
                                                partners using social networks.

                                                Social networks can be a great accelerator for channel selling strategies, from
                                                quoting and product configuration to pricing. These strategies are the foundation
                                                of this ebook. On social networks, you get what you give. Giving customers a voice
                                                with authority, not just giving lip service to their comments, matters more than ever.




Using Social Networks to Increase Channel Selling                                                            1/13
Trust Is the New Currency
                                                Decide to base your social networking strategies for channel partners more on
                                                being real and less on being a bullhorn—more on being a trusted advisor and
                                                less on being annoying by pushing products on them they may not want.

                                                Some of the best results of integrating social networking into channel strategies
                                                start with guided-selling strategies. Using an online collaboration portal, one
                                                company has a scorecard that shows in real time the most popular product
                                                configurations ordered. They also update in real time the sales levels by channel
                                                partner through the guided-selling applications online.

                                                What does this accomplish? First, anytime, anywhere in the world their channel
                                                partners know exactly what is going on—how they are performing using guided
                                                selling. The collaboration platform looks like a cross between Facebook and
                                                Twitter and has real-time support. The channel-partner sales teams get feedback
                                                immediately on where they stand. Second, sales teams, being the introverts many
                                                are, love the competition. Every deal they help close using the guided-selling
                                                application gives them points and instantly updates their totals and status globally
                                                through the partner community. It is competition at its best.




Using Social Networks to Increase Channel Selling                                                          2/13
Growing Trust through Order Accuracy
                                                In essence, a build-to-order or product-configuration strategy is one of the
                                                greatest commitments any company can make to a customer. It is a promise
                                                to tell a customer they can have a specific version of a product—a customized
                                                version of a service that’s specifically tailored to their needs.

Using social networks to                        Clearly, guided selling and product-configuration strategies require companies
monitor what customers                          to wade into the deep end of the trust pool—and stay there. It’s no secret we
                                                live in cynical, skeptical times. This is with good reason because so many firms,
really think of your product                    especially those offering financial services, promise so much and deliver so little.
configuration and build-to-order
performance must be done.                       However, using social networks to monitor what customers really think of your product
If your company is serious about                configuration and build-to-order performance must be done. If your company is
improving, be bold and do this.                 serious about improving, be bold and do this. Open up a Twitter account focused
                                                only on your order accuracy and go for it. That is the real power of social networks,
                                                and it adds much credibility to companies that are willing to take this step.


                                          Trust: The Strongest Differentiator of All
                                                What if your company really does want to go into the deep end of the trust pool,
                                                stay there, excel there and grow a reputation for exceptional performance there?
                                                Even in cynical, skeptical times where schadenfreude seems excessively commonplace
                                                for anyone’s good, why take the risk?

                                                Because once you earn trust, you have earned the strong differentiator of them all.
                                                Price will never replace it, and no amount of adjective-laden hype can either.




Using Social Networks to Increase Channel Selling                                                           3/13
Lessons Learned
                                                So how are companies creating trust, even in these cynical times, through the
                                                use of guided selling and product configuration? They’re making each step of
                                                manufacturing transparent. Give customers the opportunity to check on the status
                                                of their orders 24/7. This is a much simpler application to create than a distributed
                                                order-management system for example, or even online ordering. Invest the time
                                                with internal programmers and do it. Freely supply order-status visibility and earn
                                                trust through being open about orders and where they are.

In this economy, customers                      Go hunting for broken processes that cause your customers pain, from user
don’t complain, they go to                      interface design to the big issues like service management. And, have no mercy
                                                on them. In this economy, customers don’t complain, they go to your competitor
your competitor and get better
                                                and get better pricing to jump suppliers. Go hunting regularly for what makes you
pricing to jump suppliers.                      a pain to do business with. Have no mercy on these processes as if you are just
                                                finding them. They have already lost you customers.

                                                Put some C-level weight behind new ways to listen. There is so much hype
                                                about social networking right now and the collaboration it can provide, but all of
                                                that is meaningless unless companies actually adopt the technologies and make
                                                a difference in their customer relationships with them. Be smart and use social
                                                networking apps to connect with and provide exceptional service to your customers.

                                                Realizing that how a company sets and keeps commitments is its greatest
                                                differentiator of all puts product-configuration strategies into an entirely new
                                                light—at the deep end of the trust pool.

                                                Bottom line: For those companies that have decided to excel at keeping
                                                commitments and earning trust, attaining best practices in guided selling and
                                                product configuration is the way to do it.




Using Social Networks to Increase Channel Selling                                                           4/13
Steps to Increasing the ROI of
                                          Social Networking Strategies
                                          with Channel Partners
                                                It is enough to make any Marketing VP think they’ve found the Promised Land.
                                                Online global communities with easy access, no cost to participate and literally
                                                millions of people and companies joining every month, driving traffic estimates
                                                to the stratosphere. Social networks and their blistering growth is everything a
                                                marketer could ask for.

Social networks are re-writing                  Yet is it? Social networks are re-writing the rules of relationships between
                                                customers and companies every day. Their impact on marketing, selling and service
the rules of relationships
                                                strategies is significant and growing. The fact that customers have a voice and can
between customers and                           share their opinions instantaneously makes social networks too powerful to ignore.
companies every day.                            Social-media strategies that can scale to the unique needs of individual prospects
                                                are where the growth is happening today. Re-orienting your company’s mindset
                                                about social media needs to start with how these social networks can contribute,
                                                not detract, from attaining your marketing, selling and service goals.




Using Social Networks to Increase Channel Selling                                                          5/13
Social Media: Distraction or Deliverer
                                          of Results?
                                                No doubt the stories of companies achieving exceptional success using social-media
                                                strategies capture the imagination and attention of many. On the surface, it looks
                                                like all that is required is a Facebook, Friendfeed or Twitter account; a few months of
                                                well-timed and pithy messages and voila! Sales are up and so is customer satisfaction
                                                because the company is listening, responsive and visible.

                                                Closely look at the success stories and maybe you can hear the Marketing VP,
                                                Sales VP or CEO talk about the hard work of deciding just what role social media
                                                would play in marketing, selling and service strategies. In that decision to not just
                                                jump on the bandwagon of social media, stop and ask, “How can our existing
                                                marketing, selling and service processes be strengthened by social media? Can
                                                they be strengthened, or is this a distraction?” The more successful companies
                                                think about this. They systematically look at their existing processes and decide if
                                                social media can contribute. If social media can make the process more efficient
                                                and more customer-focused (as is the case with customer service for example),
                                                then they make the commitment to bring social media into their strategies.

                                                Where companies have challenges is when they jump into social-media strategies
                                                complete with Facebook fan pages, Twitter accounts and executives blogging with
                                                very broad, difficult-to-measure goals, if they have any at all. With so much potential
                                                to improve each marketing, selling and service process, it is better to take the time
                                                and define a set of goals first. The following strategies have proven to be successful
                                                at helping companies do just that.




Using Social Networks to Increase Channel Selling                                                             6/13
Lessons Learned
                                                Dedicate a person to making social networking work for your company.
                                                It requires constant focus and ongoing strengthening of relationships—either
                                                online or in person. If you want to succeed with social media, give someone the
                                                role full time. This is not a task that can be spread across a cross-functional team or
                                                given to someone to do only part of the time. If you want measurable results, get a
If you want measurable results,
                                                person dedicated full time and also give them the authority to make decisions for
get a person dedicated full                     customers quickly. Set them up to win in this role, and as a result, your company
time and also give them the                     will come across as much more focused and responsive. The bottom line is that social
authority to make decisions for                 networking is also all about connecting with people. Make sure your company is
customers quickly.                              presenting a person—not just a logo—to interact with.

                                                Benchmark the strategies that you plan to integrate social networking with.
                                                This will give you a baseline of how each strategy is working prior to integrating
                                                them into social networks. Common approaches to do this include creating landing
                                                pages that have specifically been designed for social-networking sites. Isolating the
                                                effects of Facebook or Twitter, for example, on a landing page optimized for the
                                                audience your company has on these social-networking sites will quickly tell you
                                                if you are converting clicks to prospects.

                                                Match up individual social networks to strategies based on compatibility with
                                                goals and markets. Twitter has found a home in many companies’ customer-service
                                                strategies due to its rapid conversational pace and ability to take discussions
                                                private through direct messages if needed. Facebook fan pages work well for those
                                                brands that have a strong fan base – like Apple for example. Services companies
                                                are using Facebook to put more of a human face on their customer service, to make
                                                themselves more approachable and easier to buy from in the future. Choose which
                                                social networks best compliment a given strategy for best results.




Using Social Networks to Increase Channel Selling                                                            7/13
Create a social-media roadmap that shows when and how each will be used
                                                in each strategy. This is important because it will be another data point you can
                                                use to measure performance of having social media involved in each strategy.
                                                Trending of each strategy’s results will show whether or not social-media strategies
                                                are paying off.

                                                Use Google Analytics to get real-time results of strategies using social media.
                                                Once a given social media platform has been chosen to match the unique needs
                                                of a given marketing strategy or campaign, it is time to measure the results.
                                                Google Analytics is excellent at this. Using this free analytics service, you can
                                                measure landing-page performance by campaign—tying back to the original
                                                social-media platform you chose to use. Google Analytics provides free codes
                                                that are inserted in websites, microsites or landing pages

Be generous in the content                      Never stop adding valuable content to your microsites, websites, blog and
                                                Facebook pages. Offer free advice and over-deliver value. The companies that
you give away, and get the
                                                are excelling at social-media strategies and generating prospects do this with a
annoying opt-in screens that                    passion. Just as it takes a dedicated, full-time person in your company to make
have so many options out of                     social networking happen, consider how you can get your most prolific writers
the way.                                        and content providers motivated to deliver content regularly. Be generous in
                                                the content you give away, and get the annoying opt-in screens that have so many
                                                options out of the way. Be a thought-leader and freely share knowledge and insight;
                                                don’t force prospects to fill out a massive opt-in form; it no longer works.




Using Social Networks to Increase Channel Selling                                                          8/13
Don’t fall for the popular metrics including follower counts or just looking
                                                at Web traffic alone—both are incomplete. Influence is based on trust, not
                                                popularity. The ability to change a person’s perception then action really defines
                                                the meaning of “influence.” Follower counts, if anything, are a measure of churn.
                                                Pay no attention to this metric; it is really irrelevant to actually building a connection
                                                with customers and prospects. The same is true of Web traffic. Taken in isolation,
                                                it is meaningless, but in the context of landing-page analysis based on a targeted
                                                strategy, it means much more.

Influence is based on trust,                    Lead nurturing in social media needs to focus on engaging and helping a
                                                prospect to solve problems, not sending them more white papers or collateral.
not popularity.
                                                This is why having someone dedicated full time to social media is so critical. The
                                                segments or groups of followers your company interacts with on each social-media
                                                platform will change over time, often becoming uniquely different from each other.
                                                Staying on top of this and devising ways of keeping your company relevant can be
                                                an excellent way to keep these target segments focused on what your company has
                                                to offer.

                                                Use Google Analytics link opt-in pages by strategy and campaign to lead
                                                conversion. Tracking the landing pages that are dedicated to each specific media
                                                platform being used in your strategies can in turn be linked to lead conversion rates.
                                                An example would be the Twitter-specific landing page promoting a 15% discount
                                                on any follower who downloads the coupon in 24 hours. Using lead management
                                                and escalation systems, it’s possible to make this link between landing page opt-in
                                                and lead conversion. Tracking this also shows the effectiveness of the promotion in
                                                each social-media platform. From that, it’s clear to see which social-media platforms,
                                                running which promotions, are generating the greatest potential sales.




Using Social Networks to Increase Channel Selling                                                               9/13
Why Social Networking and
                                          Quote-to-Order Selling Strategies
                                          Are Made for Each Other
                                                Using Social Media as a Catalyst for Understanding Customers’ Needs
                                                Web-based marketing strategies including organic and inorganic search, use of
                                                social networks, lead scoring, lead escalation and intensive use of video campaigns
                                                all are making upper-funnel metrics of performance in many companies skyrocket.
                                                Never before have so many communication channels, techniques, strategies and
                                                platforms been available for generating interest and awareness of a company—and
                                                since it is digital, all that activity can be measured. Never before has the potential to
                                                understand customers been as strong as it is today.

                                                Creating a Strategy So Sales Can Win
                                                For sales teams to win more deals, the upper and lower funnels need more than
                                                just lead-escalation and scoring—they need to provide every opportunity to make
                                                the most of customer intelligence and data. This is especially important for sales
                                                teams who navigate longer sales cycles through your channels.




Using Social Networks to Increase Channel Selling                                                             10/13
Using Social Networks to Understand Customers
                                                The more insight and intelligence you can get to your sales teams, the more
                                                effectively they can create solution-selling strategies. And the further down the
                                                sales cycle they get, the more deals they close. The same also holds true for your
                                                channel partners.

                                                The best quoting systems capture not only the unique requirements of prospects,
                                                they also capture their current constraints, budget requirements, and in the case of
                                                highly customized products, their one-of-a kind integration requirements. Bring all
                                                of these elements together, and your sales team has the intelligence and insight
                                                to move much more aggressively and with much more focus. Sales teams skilled in
                                                the use of LinkedIn, Facebook and Twitter are doing this today with excellent results.
                                                Best of all, sales teams and outbound sale reps that regularly focus on using social
                                                networks to make their quotes as relevant to customers over time are trusted more.

                                                Bottom line: Becoming a trusted advisor in today’s selling environment is all about
                                                embracing social networks to understand, appreciate the challenges of and serve
                                                channel partners better than anyone else.




Using Social Networks to Increase Channel Selling                                                          11/13
Louis Columbus has nearly 20 years of experience in the IT industry, specializing
                                                             in market and industry analysis, sales, product management and development.

                                                             He’s held senior positions at Toshiba America, Ingram Micro, several software
                                                             start-ups and immediately before joining Cincom, as Senior Analyst at AMR
                                                             Research. Mr. Columbus is a frequent contributor to industry publications and has
                                                             published fifteen books on operating systems, peripherals and industry analysis.

                  Twitter: @LouisColumbus                    In addition, Mr. Columbus is a frequent lecturer in Webster Loyola-Marymount
                  Email: lcolumbus@cincom.com
                  Blog: http://softwarestrategiesblog.com/   University’s graduate program on International Business and Global Competitive
                                                             Strategy. He is a regular contributor to the Cincom Product Configurator blog, the
                                                             Perfect Customer Experience blog and his own blog, “A Passion for Research.”

                                                             Mr. Columbus earned his MBA from Pepperdine University and has completed
                                                             the Strategic Marketing Management Program at the Stanford University
                                                             Graduate School of Business.




Using Social Networks to Increase Channel Selling                                                                     12/13
©2010 Cincom Systems, Inc.
All Rights Reserved
Developed in the U.S.A.


FORM CMUS1101012 11/10


CINCOM and the Quadrant Logo are registered trademarks of Cincom Systems, Inc.
All other trademarks belong to their respective companies.                       http://www.cincomaquire.com




Using Social Networks to Increase Channel Selling                                                13/13

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Using Social Networks to Increase Channel Selling

  • 1. Using Social Networks to Increase Channel Selling Louis Columbus Senior Analyst and Author for the Technology Industry
  • 2. Introduction All the best relationships you have in the real world take commitment, time and a big heaping dose of trust to work. The same is true of online relationships—especially those with customers and Trust is the catalyst of all channel partners. successful relationships, online or off. In the hype that swirls around social networks, that point is getting lost. This e-book is about getting centered on trust first to better serve your sales force and channel partners using social networks. Social networks can be a great accelerator for channel selling strategies, from quoting and product configuration to pricing. These strategies are the foundation of this ebook. On social networks, you get what you give. Giving customers a voice with authority, not just giving lip service to their comments, matters more than ever. Using Social Networks to Increase Channel Selling 1/13
  • 3. Trust Is the New Currency Decide to base your social networking strategies for channel partners more on being real and less on being a bullhorn—more on being a trusted advisor and less on being annoying by pushing products on them they may not want. Some of the best results of integrating social networking into channel strategies start with guided-selling strategies. Using an online collaboration portal, one company has a scorecard that shows in real time the most popular product configurations ordered. They also update in real time the sales levels by channel partner through the guided-selling applications online. What does this accomplish? First, anytime, anywhere in the world their channel partners know exactly what is going on—how they are performing using guided selling. The collaboration platform looks like a cross between Facebook and Twitter and has real-time support. The channel-partner sales teams get feedback immediately on where they stand. Second, sales teams, being the introverts many are, love the competition. Every deal they help close using the guided-selling application gives them points and instantly updates their totals and status globally through the partner community. It is competition at its best. Using Social Networks to Increase Channel Selling 2/13
  • 4. Growing Trust through Order Accuracy In essence, a build-to-order or product-configuration strategy is one of the greatest commitments any company can make to a customer. It is a promise to tell a customer they can have a specific version of a product—a customized version of a service that’s specifically tailored to their needs. Using social networks to Clearly, guided selling and product-configuration strategies require companies monitor what customers to wade into the deep end of the trust pool—and stay there. It’s no secret we live in cynical, skeptical times. This is with good reason because so many firms, really think of your product especially those offering financial services, promise so much and deliver so little. configuration and build-to-order performance must be done. However, using social networks to monitor what customers really think of your product If your company is serious about configuration and build-to-order performance must be done. If your company is improving, be bold and do this. serious about improving, be bold and do this. Open up a Twitter account focused only on your order accuracy and go for it. That is the real power of social networks, and it adds much credibility to companies that are willing to take this step. Trust: The Strongest Differentiator of All What if your company really does want to go into the deep end of the trust pool, stay there, excel there and grow a reputation for exceptional performance there? Even in cynical, skeptical times where schadenfreude seems excessively commonplace for anyone’s good, why take the risk? Because once you earn trust, you have earned the strong differentiator of them all. Price will never replace it, and no amount of adjective-laden hype can either. Using Social Networks to Increase Channel Selling 3/13
  • 5. Lessons Learned So how are companies creating trust, even in these cynical times, through the use of guided selling and product configuration? They’re making each step of manufacturing transparent. Give customers the opportunity to check on the status of their orders 24/7. This is a much simpler application to create than a distributed order-management system for example, or even online ordering. Invest the time with internal programmers and do it. Freely supply order-status visibility and earn trust through being open about orders and where they are. In this economy, customers Go hunting for broken processes that cause your customers pain, from user don’t complain, they go to interface design to the big issues like service management. And, have no mercy on them. In this economy, customers don’t complain, they go to your competitor your competitor and get better and get better pricing to jump suppliers. Go hunting regularly for what makes you pricing to jump suppliers. a pain to do business with. Have no mercy on these processes as if you are just finding them. They have already lost you customers. Put some C-level weight behind new ways to listen. There is so much hype about social networking right now and the collaboration it can provide, but all of that is meaningless unless companies actually adopt the technologies and make a difference in their customer relationships with them. Be smart and use social networking apps to connect with and provide exceptional service to your customers. Realizing that how a company sets and keeps commitments is its greatest differentiator of all puts product-configuration strategies into an entirely new light—at the deep end of the trust pool. Bottom line: For those companies that have decided to excel at keeping commitments and earning trust, attaining best practices in guided selling and product configuration is the way to do it. Using Social Networks to Increase Channel Selling 4/13
  • 6. Steps to Increasing the ROI of Social Networking Strategies with Channel Partners It is enough to make any Marketing VP think they’ve found the Promised Land. Online global communities with easy access, no cost to participate and literally millions of people and companies joining every month, driving traffic estimates to the stratosphere. Social networks and their blistering growth is everything a marketer could ask for. Social networks are re-writing Yet is it? Social networks are re-writing the rules of relationships between customers and companies every day. Their impact on marketing, selling and service the rules of relationships strategies is significant and growing. The fact that customers have a voice and can between customers and share their opinions instantaneously makes social networks too powerful to ignore. companies every day. Social-media strategies that can scale to the unique needs of individual prospects are where the growth is happening today. Re-orienting your company’s mindset about social media needs to start with how these social networks can contribute, not detract, from attaining your marketing, selling and service goals. Using Social Networks to Increase Channel Selling 5/13
  • 7. Social Media: Distraction or Deliverer of Results? No doubt the stories of companies achieving exceptional success using social-media strategies capture the imagination and attention of many. On the surface, it looks like all that is required is a Facebook, Friendfeed or Twitter account; a few months of well-timed and pithy messages and voila! Sales are up and so is customer satisfaction because the company is listening, responsive and visible. Closely look at the success stories and maybe you can hear the Marketing VP, Sales VP or CEO talk about the hard work of deciding just what role social media would play in marketing, selling and service strategies. In that decision to not just jump on the bandwagon of social media, stop and ask, “How can our existing marketing, selling and service processes be strengthened by social media? Can they be strengthened, or is this a distraction?” The more successful companies think about this. They systematically look at their existing processes and decide if social media can contribute. If social media can make the process more efficient and more customer-focused (as is the case with customer service for example), then they make the commitment to bring social media into their strategies. Where companies have challenges is when they jump into social-media strategies complete with Facebook fan pages, Twitter accounts and executives blogging with very broad, difficult-to-measure goals, if they have any at all. With so much potential to improve each marketing, selling and service process, it is better to take the time and define a set of goals first. The following strategies have proven to be successful at helping companies do just that. Using Social Networks to Increase Channel Selling 6/13
  • 8. Lessons Learned Dedicate a person to making social networking work for your company. It requires constant focus and ongoing strengthening of relationships—either online or in person. If you want to succeed with social media, give someone the role full time. This is not a task that can be spread across a cross-functional team or given to someone to do only part of the time. If you want measurable results, get a If you want measurable results, person dedicated full time and also give them the authority to make decisions for get a person dedicated full customers quickly. Set them up to win in this role, and as a result, your company time and also give them the will come across as much more focused and responsive. The bottom line is that social authority to make decisions for networking is also all about connecting with people. Make sure your company is customers quickly. presenting a person—not just a logo—to interact with. Benchmark the strategies that you plan to integrate social networking with. This will give you a baseline of how each strategy is working prior to integrating them into social networks. Common approaches to do this include creating landing pages that have specifically been designed for social-networking sites. Isolating the effects of Facebook or Twitter, for example, on a landing page optimized for the audience your company has on these social-networking sites will quickly tell you if you are converting clicks to prospects. Match up individual social networks to strategies based on compatibility with goals and markets. Twitter has found a home in many companies’ customer-service strategies due to its rapid conversational pace and ability to take discussions private through direct messages if needed. Facebook fan pages work well for those brands that have a strong fan base – like Apple for example. Services companies are using Facebook to put more of a human face on their customer service, to make themselves more approachable and easier to buy from in the future. Choose which social networks best compliment a given strategy for best results. Using Social Networks to Increase Channel Selling 7/13
  • 9. Create a social-media roadmap that shows when and how each will be used in each strategy. This is important because it will be another data point you can use to measure performance of having social media involved in each strategy. Trending of each strategy’s results will show whether or not social-media strategies are paying off. Use Google Analytics to get real-time results of strategies using social media. Once a given social media platform has been chosen to match the unique needs of a given marketing strategy or campaign, it is time to measure the results. Google Analytics is excellent at this. Using this free analytics service, you can measure landing-page performance by campaign—tying back to the original social-media platform you chose to use. Google Analytics provides free codes that are inserted in websites, microsites or landing pages Be generous in the content Never stop adding valuable content to your microsites, websites, blog and Facebook pages. Offer free advice and over-deliver value. The companies that you give away, and get the are excelling at social-media strategies and generating prospects do this with a annoying opt-in screens that passion. Just as it takes a dedicated, full-time person in your company to make have so many options out of social networking happen, consider how you can get your most prolific writers the way. and content providers motivated to deliver content regularly. Be generous in the content you give away, and get the annoying opt-in screens that have so many options out of the way. Be a thought-leader and freely share knowledge and insight; don’t force prospects to fill out a massive opt-in form; it no longer works. Using Social Networks to Increase Channel Selling 8/13
  • 10. Don’t fall for the popular metrics including follower counts or just looking at Web traffic alone—both are incomplete. Influence is based on trust, not popularity. The ability to change a person’s perception then action really defines the meaning of “influence.” Follower counts, if anything, are a measure of churn. Pay no attention to this metric; it is really irrelevant to actually building a connection with customers and prospects. The same is true of Web traffic. Taken in isolation, it is meaningless, but in the context of landing-page analysis based on a targeted strategy, it means much more. Influence is based on trust, Lead nurturing in social media needs to focus on engaging and helping a prospect to solve problems, not sending them more white papers or collateral. not popularity. This is why having someone dedicated full time to social media is so critical. The segments or groups of followers your company interacts with on each social-media platform will change over time, often becoming uniquely different from each other. Staying on top of this and devising ways of keeping your company relevant can be an excellent way to keep these target segments focused on what your company has to offer. Use Google Analytics link opt-in pages by strategy and campaign to lead conversion. Tracking the landing pages that are dedicated to each specific media platform being used in your strategies can in turn be linked to lead conversion rates. An example would be the Twitter-specific landing page promoting a 15% discount on any follower who downloads the coupon in 24 hours. Using lead management and escalation systems, it’s possible to make this link between landing page opt-in and lead conversion. Tracking this also shows the effectiveness of the promotion in each social-media platform. From that, it’s clear to see which social-media platforms, running which promotions, are generating the greatest potential sales. Using Social Networks to Increase Channel Selling 9/13
  • 11. Why Social Networking and Quote-to-Order Selling Strategies Are Made for Each Other Using Social Media as a Catalyst for Understanding Customers’ Needs Web-based marketing strategies including organic and inorganic search, use of social networks, lead scoring, lead escalation and intensive use of video campaigns all are making upper-funnel metrics of performance in many companies skyrocket. Never before have so many communication channels, techniques, strategies and platforms been available for generating interest and awareness of a company—and since it is digital, all that activity can be measured. Never before has the potential to understand customers been as strong as it is today. Creating a Strategy So Sales Can Win For sales teams to win more deals, the upper and lower funnels need more than just lead-escalation and scoring—they need to provide every opportunity to make the most of customer intelligence and data. This is especially important for sales teams who navigate longer sales cycles through your channels. Using Social Networks to Increase Channel Selling 10/13
  • 12. Using Social Networks to Understand Customers The more insight and intelligence you can get to your sales teams, the more effectively they can create solution-selling strategies. And the further down the sales cycle they get, the more deals they close. The same also holds true for your channel partners. The best quoting systems capture not only the unique requirements of prospects, they also capture their current constraints, budget requirements, and in the case of highly customized products, their one-of-a kind integration requirements. Bring all of these elements together, and your sales team has the intelligence and insight to move much more aggressively and with much more focus. Sales teams skilled in the use of LinkedIn, Facebook and Twitter are doing this today with excellent results. Best of all, sales teams and outbound sale reps that regularly focus on using social networks to make their quotes as relevant to customers over time are trusted more. Bottom line: Becoming a trusted advisor in today’s selling environment is all about embracing social networks to understand, appreciate the challenges of and serve channel partners better than anyone else. Using Social Networks to Increase Channel Selling 11/13
  • 13. Louis Columbus has nearly 20 years of experience in the IT industry, specializing in market and industry analysis, sales, product management and development. He’s held senior positions at Toshiba America, Ingram Micro, several software start-ups and immediately before joining Cincom, as Senior Analyst at AMR Research. Mr. Columbus is a frequent contributor to industry publications and has published fifteen books on operating systems, peripherals and industry analysis. Twitter: @LouisColumbus In addition, Mr. Columbus is a frequent lecturer in Webster Loyola-Marymount Email: lcolumbus@cincom.com Blog: http://softwarestrategiesblog.com/ University’s graduate program on International Business and Global Competitive Strategy. He is a regular contributor to the Cincom Product Configurator blog, the Perfect Customer Experience blog and his own blog, “A Passion for Research.” Mr. Columbus earned his MBA from Pepperdine University and has completed the Strategic Marketing Management Program at the Stanford University Graduate School of Business. Using Social Networks to Increase Channel Selling 12/13
  • 14. ©2010 Cincom Systems, Inc. All Rights Reserved Developed in the U.S.A. FORM CMUS1101012 11/10 CINCOM and the Quadrant Logo are registered trademarks of Cincom Systems, Inc. All other trademarks belong to their respective companies. http://www.cincomaquire.com Using Social Networks to Increase Channel Selling 13/13