This document summarizes research from Aberdeen Group on how best-in-class sales organizations use social relationships to build a better sales pipeline. The summary is:
1) Best-in-class firms use social media like LinkedIn more effectively than average firms to originate deals and influence buying decisions, with over half of their deals influenced by social relationships.
2) These top firms focus on creating meaningful sales conversations tailored to customers' needs rather than just adding deals to meet quotas. They also better share knowledge among reps.
3) Utilizing social relationships allows reps to have more personalized interactions with prospects and learn more about their needs, leading to higher quality deals and pipelines for best-in-class companies.
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
How Best-in-Class Sellers Use Social Relationships to Build a Better Pipeline
1. This document is the result of primary research performed by Aberdeen Group. Aberdeen Group's methodologies provide for objective fact-based research and represent
the best analysis available at the time of publication. Unless otherwise noted, the entire contents of this publication are copyrighted by Aberdeen Group, Inc. and may not
be reproduced, distributed, archived, or transmitted in any form or by any means without prior written consent by Aberdeen Group, Inc.
January 2014
No More Spaghetti against the Wall: How Best-
in-Class Sellers Use Social Relationships to Build
a Better Pipeline
Throughout the calendar year, and particularly near month-, quarter- and
year-end, sales professionals everywhere keep an especially watchful eye on
their end-of-cycle opportunity pipeline. In the business-to-business (B2B)
space, the stakes are especially high, with commissioned accelerators, bonuses
and President's Club qualification often on the line — not to mention job
security for the “C” players in our sales organizations. The challenge that reps
and managers alike face in these final sprints to the finish line, is that this
pipeline is frequently lacking in both quality and quantity.
For front-line sellers, it is easy to stress out when their buyers “go dark” near
the end of the selling period, and some of their high-probability deals start to
look slippery. At the management level, understanding which opportunities
have the best chance of closing is an essential ingredient in knowing where
and how to apply executive pressure, price discounting and other last-ditch
efforts to push deals over the goal line. This Research Brief examines the
value of utilizing social relationships and user-generated content to improve
the quality of B2B sales pipeline content, maximize deal closure rates, and
avoid a quota-miss at the end of the selling period.
Best-in-Class Work Smarter…and Harder
The title of this Research Brief refers to the classic, self-fulfilling prophecy that
afflicts too many enterprise sales organizations: sales leaders take a look at the
overall opportunity forecast; they harangue their team members to "put more
in the pipeline;" so reps add half-baked deals to the customer relationship
management (CRM) to shut up their bosses. However tempting it may be, the
"If you throw enough spaghetti against the wall, enough of it will stick" approach is
not an effective strategy for contemporary B2B sales success. The problem
with this quantity-over-quality approach is that the politics of sales
management get in the way of creating better, more valid opportunities that
are substantiated by more in-depth personal interactions. This, in turn
accelerates the eventual wins that, in fact, help everyone make their number
by the end of the selling period.
In Aberdeen’s Sales Effectiveness research library, a substantial body of work
speaks to the value of creating quality sales opportunities rather than a falsely
optimistic, huge pipeline of deals that are not nearly as likely to close, when
compared to prospecting relationships that have been more thoroughly
developed between buyer and seller. Recent research published in Breaking the
Laws of Physics: Shortening the Last Sales Mile through Workflow Automation (April
2013) clearly illustrates how the strongest-performing, Best-in-Class
Research Brief
Aberdeen’s Research Briefs
provide a detailed exploration of
key findings from a primary
research study, including key
performance indicators, Best-in-
Class insight, and vendor insight.