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BEST PRACTICE: Who owns social selling?

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BEST PRACTICE: Who owns social selling?

  1. 1. Who Owns Social Selling? Bridging the Divide Between Sales and Marketing
  2. 2. Session Agenda Speakers 1.Why Social Selling? 2.Who Own’s Social Selling? The Case for Marketing 3.Who Own’s Social Selling? The Case for Sales 4.Conclusions Amy Stephens Group Marketing Manager LinkedIn Sylvia Jensen Senior Director, EMEA Marketing Oracle Marketing Cloud
  3. 3. Why Social Selling? Amy Stephens Group Marketing Manager LinkedIn
  4. 4. Digital disruption has revolutionised the sales and marketing landscape • The role of the sales and marketing has changed • Buyers are researching - collecting views, reviews and gathering information online • Buyers know what they want and why • Sales and marketing must align themselves to a new shared set of goals to reach buyers “It all starts with listening. If you don’t find those opportunities, being able to execute on those opportunities is irrelevant.” - Jay Baer, Marketing Speaker, author of Youtility
  5. 5. 72% 81% Buyers use social media to research purchases and evaluate brands. 72% of buyers use social media to research before making a purchase Source: DemandGen 2013 B2B Buyer Behavior Survey Buyersare81% more likely to engage with a strong, professional brand. Source: LinkedIn Global Survey of 1,500 B2B Decision Makers and Influencers, May 2014
  6. 6. Multiple decision makers are becoming more prevalent • Single-threaded approach to sales is becoming less effective • Research shows the average B2B opportunity has 5.4 decision makers involved • Social selling enables you to leverage extended networks to find these multiple contact points
  7. 7. Disruption can be a good thing • It’s no longer an option to maintain the status quo • Traditional sales and marketing methods are becoming less effective • Businesses that embrace social selling increase organisational success • Sales and marketing can both use social selling to influence the buyer “The key to digital transformation is re-envisioning and driving change in how the company operates. That’s a management and people challenge, not just a technology one.” - Capgemini Consulting, Digital Transformation Report
  8. 8. Who Owns Social Selling? The Case for Marketing Sylvia Jensen Senior Director, EMEA Marketing Oracle Marketing Cloud
  9. 9. Digital body language How frequently a prospect interacts with your company and content is key to determining true buying interests • Customers are educating themselves online • The handoff to sales is much later and marketing engagement is much longer • Role of marketing is to educate the customer and enable sales with information about prospect’s engagement - Digital Body Language
  10. 10. Empower your sales team to have intelligent conversations • Give sales visibility into their prospect’s digital body language • Integrate your marketing automation system into your sales force automation system • Sales will have more qualified conversations • Use Oracle Eloqua’s Profiler and set-up Alerts “It’s all about reaching the right person with the right one-to-one message.” - Victor Magarino Penalba • Identify watering holes • Share social media techniques • Providing quality content
  11. 11. CASE STUDY: Challenges: • Quickly connect with prospects • Generating lead lists was inefficient and time-consuming • Long sales cycles Social Selling Solutions: Results: • Establishing relationships through shared connections on LinkedIn led to a 30% increase in engagement with key connections. • Sales cycles shortened by 20% due to relationship- building through social networking. 30% increase in engagement with key connections
  12. 12. Who Owns Social Selling? The Case for Sales Amy Stephens Group Marketing Manager LinkedIn
  13. 13. Sales: provide guidelines to maintaining meaningful relationships • Monitor social media updates and keep up to date with the latest news at prospect accounts • Reach out to extended networks and request warm introductions • Send warm personalised InMails • Be an industry expert and add value to client conversations
  14. 14. Sales: Transform your team’s online brand • Don’t push the sales angle too hard • Help your team stay authentic online • Develop professional and robust online profiles • Ensure your team optimises their time on social networks
  15. 15. CASE STUDY: Challenges: • Get in front of purchasers earlier in the decision process • Identify the right buyers • Drive effectiveness & efficiency in the field Social Selling Solution: • Enlisted high-profile sales executives • Distributed content on internal platforms for sales reps to share • Used LinkedIn’s Social Selling Index (SSI) to highlight best practice • Shared success stories and tailored training Results: • More than $4.5 million in closed deals influenced or supported by LinkedIn • $44 million of additional, LinkedIn-supported deals in open pipeline • Over 2,000 prospects reached and more than 260 meetings booked through Sales Navigator • ROI to date of 20X 20 X Return on Investment
  16. 16. So who Owns Social Selling? It’s a Partnership Sylvia Jensen Senior Director, EMEA Marketing Oracle Marketing Cloud
  17. 17. For the Buyer For the Sales Professional For the Marketing Professional 87% 70% 65% of customers had a favorable impression of a salesperson who was introduced to them through their network • Leveraging networks for introductions eliminates cold calls. • Insights gained from social conversation help to personalize pitches. • Prior sales drive 70% of future leads. • Better lead generation and qualification for a more-equipped sales team • More relevant content directed at specific stakeholders • Your brand is viewed as a problem-solving resource, a magnet for customers of customers want problems solved, not to be sold to of buyers agree that a vendor’s content has significant impact on buying decision Source: DemandGen 2014 Buyer Behavior Survey
  18. 18. Optimising your teams for social selling primes your business for success Marketing can leverage social networks to find micro markets with targeted dialogue 9.5% Sales reps who respond quickly to trigger events via social media saw a 9.5% increase in annual revenue. 75% It costs 75% less to generate leads via social media than any other channel. Source: Social Selling Reduces the Cost Per Lead, 2014 Source: 5 Qualities Successful Salespeople Share, 2014
  19. 19. ARE YOU READY TO DISRUPT YOUR BUSINESS AS USUAL?

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