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SALES SOLUTIONS
The Sophisticated Sales Manager’s Webcast to
DRIVING SOCIAL MEDIA
ADOPTION AND REVENUE
SALES SOLUTIONS
SPEAKERS
KOKA SEXTON
Senior Content and Social
Marketing Manager
LinkedIn
@kokasexton
DARREN MARBLE
CEO
CrowdfundX
@darrenmarble
SPEAKERS
SALES SOLUTIONS
Start by establishing
meaningful – yet attainable –
goals in order to measure the
results of your initiative.
SET GOALS
1
SALES SOLUTIONS
 Understanding your business need
 Qualified leads
 Sales pipeline
 Better intelligence
4
What do you expect?
SALES SOLUTIONS©2014 LinkedIn Corporation. All Rights Reserved. 5
Create a professional brand
Develop a complete LinkedIn profiles that
defines who you are and adds credibility,
while also sharing content that shapes
your brand.
81% of buyers are more likely to engage
with a strong, professional brand.
SALES SOLUTIONS©2014 LinkedIn Corporation. All Rights Reserved. 6
50% of buyers are less likely to engage if
they aren’t the right person to contact
about a new product/service.
Find the right people
Identify the right prospects through
LinkedIn Search and second-degree
connections, which can transform cold
outreach into a warm introduction.
SALES SOLUTIONS©2014 LinkedIn Corporation. All Rights Reserved. 7
89% of buyers are less likely to engage if
the product/service is not relevant to their
company.
Engage with insights
Discover and share conversation-worthy
updates to create and grow your
relationships.
SALES SOLUTIONS©2014 LinkedIn Corporation. All Rights Reserved. 8
90% of decision makers never answer a
cold call.
Build strong relationships
Strengthen your network by connecting
and establishing trust with decision
makers.
SALES SOLUTIONS
Using LinkedIn Effectively
©2014 LinkedIn Corporation. All Rights Reserved. 9
Number of connections
The average social media user has
930 connections, a number that can
be used as a measuring stick during
reviews.
Connections at key accounts
The average B2B sale today typically
involves 5.4 decision makers.
LinkedIn Group participation
Sales reps are 70% more likely to
secure an appointment when
reaching out to a prospect via a
LinkedIn Group.
SALES SOLUTIONS
Using LinkedIn Effectively
©2014 LinkedIn Corporation. All Rights Reserved. 10
Number of personalized connection
requests
Sales reps focused on new business
who exceed their quota send 148%
more connection requests each month
than those who do not hit their quota.
Extended Network Leverage
Prospects are 5x more likely to engage
with a salesperson referred by a mutual
acquaintance.
Engagement rate
81% of buyers report they’re likely to
engage with sellers who have a strong
professional brand.
SALES SOLUTIONS
The success of any initiative
hinges on a well-considered,
well-executed plan.
CREATE A
PLAN
2
SALES SOLUTIONS
 Draft the goal
 Write it down
 What is the process
 How is it measured
 Definition of success
12
Social Selling Planning
SALES SOLUTIONS 13
GENERATE AWARENESS
76% of B2B buyers prefer
vendors referred by people
they know.
92% of B2B buyers start
their search for a solutions
to their problem online.
54% of salespeople who
use social media can track
their usage to at least one
closed deal.
SALES SOLUTIONS
EDUCATE AND TRAIN SALES REPS
 As many as 75% of salespeople say they’ve received no formal
social media training at work.
 Deliver basic training to everyone in the program and host in-
person sessions with both large groups and individuals.
 Develop tiered training to encourage reps at various levels to
become more socially engaged.
 Create tailored training sessions for managers to help them
improve their teams’ overall SSI.
©2014 LinkedIn Corporation. All Rights Reserved. 14
SALES SOLUTIONS
Marketing & Sales – The Old Paradigm
LinkedIn Confidential ©2013 All Rights Reserved
1:M 1:1
Marketing Team Sales Team
Awareness Trust
Brand Connection
Buyer’s Journey
SALES SOLUTIONS
Marketing & Sales – A New Paradigm
LinkedIn Confidential ©2013 All Rights Reserved
1:M 1:F 1:1
Marketing Smarketing
Nurturing
Selling
Awareness Knowledge Trust
Brand Content Connection
Marketing Team Sales Team
Buyer’s Journey
CONNECT THE DOTS BETWEEN SALES AND MARKETING
SALES SOLUTIONS
You’ll never know how well
you’re working toward your
goal unless you measure
progress.
TRACK
PROGRESS
3
SALES SOLUTIONS
Create a Professional Brand
 Is your profile complete?
 Do you include rich media in your
profile?
 Are you receiving endorsements?
 Are you publishing long-form posts?
 Are you gaining followers from posts?
18
SALES SOLUTIONS
Find the Right People
Prospect efficiently with powerful search and research capabilities:
 Are you logging into LinkedIn daily?
 Are you using LinkedIn Search?
 Are you viewing other LinkedIn profiles?
 Are you viewing third-degree connection profiles?
 Are people viewing your profile?
©2014 LinkedIn Corporation. All Rights Reserved. 19
SALES SOLUTIONS
Engage with Insights
 Discover & share valuable information to initiate or maintain a
relationship
 Are you engaging with people’s posts? (via likes, comments and shares)
 Are people engaging with your posts?
 Are you joining LinkedIn Groups?
 Is your InMail response rate at least 10%?
©2014 LinkedIn Corporation. All Rights Reserved. 20
SALES SOLUTIONS
Build Strong Relationships
 Expand your network to reach prospects and those who can
introduce you to prospect
 Are you connecting with second- and third-degree connections in
your network?
 Are you connecting with VP+?
 Are you connecting with co-workers?
 Is your acceptance rate when sending connection requests at least
20%?
©2014 LinkedIn Corporation. All Rights Reserved. 21
SALES SOLUTIONS
UNCOVER SUCCESS STORIES
 Use SSI as a KPI for your sales teams
 Collect the stories from how social selling won the deal
 Track win rates based on Sales Navigator use
©2014 LinkedIn Corporation. All Rights Reserved. 22
SALES SOLUTIONS
Using social media for sales is
not just another methodology
– it’s a new mindset and your
sales reps will need
encouragements to stay the
course.
STAY
MOTIVATED
4
SALES SOLUTIONS
Make it a game
 Keep it short – Run contests no longer than 30 days in order to
maintain interest and a sense of urgency.
 Give a reward for performing the action – Rewards are a core,
motivating factor for continued participation in the program.
 Provide well-timed reinforcements – Proper timing reduces the
chance of employee boredom.
 Make it trackable – Make it easy for your team – and yourself – by
using metrics that are tallied automatically by LinkedIn, in real time.
©2014 LinkedIn Corporation. All Rights Reserved. 24
SALES SOLUTIONS
Social Selling Adoption
 Host a Sales Social Hour – Dedicate one hour per day or week
when your sales team is focused on social media activities
 Initiate “Profile Month” – Assign a certain month when everyone
is expected to update their profile; create and share profile training
materials with your team so they understand best practices.
 Public recognition – Tie social media success into your quarterly
sales awards, such as by giving an award for the “Best Example of
Selling using Social Media in Q1”.
25
SALES SOLUTIONS
Take steps to increase the
likelihood of success and
continually tweak the program
to yield better results over
time.
IMPROVE
RESULTS
5
SALES SOLUTIONS
High SSI has an impact on the employee
©2014 LinkedIn Corporation. All Rights Reserved. 27
SALES SOLUTIONS
The Sales Team Becomes More
Inspired
We surveyed 100,000 professionals on
LinkedIn and asked them how often
they felt inspired at work. We found that
those with higher SSI scores rated
higher on the LinkedIn Inspiration Index.
©2014 LinkedIn Corporation. All Rights Reserved. 28
The Sales Team is More Likely to
Exceed Quota
Sales professionals who use social
media are 51% more likely to exceed
quota.6 So when social media adoption
scales to the entire team, the output
also scales.
SALES SOLUTIONS 29

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The Sophisticated Sales Manager's Webcast: Driving Social Media Adoption and Revenue

  • 1. SALES SOLUTIONS The Sophisticated Sales Manager’s Webcast to DRIVING SOCIAL MEDIA ADOPTION AND REVENUE
  • 2. SALES SOLUTIONS SPEAKERS KOKA SEXTON Senior Content and Social Marketing Manager LinkedIn @kokasexton DARREN MARBLE CEO CrowdfundX @darrenmarble SPEAKERS
  • 3. SALES SOLUTIONS Start by establishing meaningful – yet attainable – goals in order to measure the results of your initiative. SET GOALS 1
  • 4. SALES SOLUTIONS  Understanding your business need  Qualified leads  Sales pipeline  Better intelligence 4 What do you expect?
  • 5. SALES SOLUTIONS©2014 LinkedIn Corporation. All Rights Reserved. 5 Create a professional brand Develop a complete LinkedIn profiles that defines who you are and adds credibility, while also sharing content that shapes your brand. 81% of buyers are more likely to engage with a strong, professional brand.
  • 6. SALES SOLUTIONS©2014 LinkedIn Corporation. All Rights Reserved. 6 50% of buyers are less likely to engage if they aren’t the right person to contact about a new product/service. Find the right people Identify the right prospects through LinkedIn Search and second-degree connections, which can transform cold outreach into a warm introduction.
  • 7. SALES SOLUTIONS©2014 LinkedIn Corporation. All Rights Reserved. 7 89% of buyers are less likely to engage if the product/service is not relevant to their company. Engage with insights Discover and share conversation-worthy updates to create and grow your relationships.
  • 8. SALES SOLUTIONS©2014 LinkedIn Corporation. All Rights Reserved. 8 90% of decision makers never answer a cold call. Build strong relationships Strengthen your network by connecting and establishing trust with decision makers.
  • 9. SALES SOLUTIONS Using LinkedIn Effectively ©2014 LinkedIn Corporation. All Rights Reserved. 9 Number of connections The average social media user has 930 connections, a number that can be used as a measuring stick during reviews. Connections at key accounts The average B2B sale today typically involves 5.4 decision makers. LinkedIn Group participation Sales reps are 70% more likely to secure an appointment when reaching out to a prospect via a LinkedIn Group.
  • 10. SALES SOLUTIONS Using LinkedIn Effectively ©2014 LinkedIn Corporation. All Rights Reserved. 10 Number of personalized connection requests Sales reps focused on new business who exceed their quota send 148% more connection requests each month than those who do not hit their quota. Extended Network Leverage Prospects are 5x more likely to engage with a salesperson referred by a mutual acquaintance. Engagement rate 81% of buyers report they’re likely to engage with sellers who have a strong professional brand.
  • 11. SALES SOLUTIONS The success of any initiative hinges on a well-considered, well-executed plan. CREATE A PLAN 2
  • 12. SALES SOLUTIONS  Draft the goal  Write it down  What is the process  How is it measured  Definition of success 12 Social Selling Planning
  • 13. SALES SOLUTIONS 13 GENERATE AWARENESS 76% of B2B buyers prefer vendors referred by people they know. 92% of B2B buyers start their search for a solutions to their problem online. 54% of salespeople who use social media can track their usage to at least one closed deal.
  • 14. SALES SOLUTIONS EDUCATE AND TRAIN SALES REPS  As many as 75% of salespeople say they’ve received no formal social media training at work.  Deliver basic training to everyone in the program and host in- person sessions with both large groups and individuals.  Develop tiered training to encourage reps at various levels to become more socially engaged.  Create tailored training sessions for managers to help them improve their teams’ overall SSI. ©2014 LinkedIn Corporation. All Rights Reserved. 14
  • 15. SALES SOLUTIONS Marketing & Sales – The Old Paradigm LinkedIn Confidential ©2013 All Rights Reserved 1:M 1:1 Marketing Team Sales Team Awareness Trust Brand Connection Buyer’s Journey
  • 16. SALES SOLUTIONS Marketing & Sales – A New Paradigm LinkedIn Confidential ©2013 All Rights Reserved 1:M 1:F 1:1 Marketing Smarketing Nurturing Selling Awareness Knowledge Trust Brand Content Connection Marketing Team Sales Team Buyer’s Journey CONNECT THE DOTS BETWEEN SALES AND MARKETING
  • 17. SALES SOLUTIONS You’ll never know how well you’re working toward your goal unless you measure progress. TRACK PROGRESS 3
  • 18. SALES SOLUTIONS Create a Professional Brand  Is your profile complete?  Do you include rich media in your profile?  Are you receiving endorsements?  Are you publishing long-form posts?  Are you gaining followers from posts? 18
  • 19. SALES SOLUTIONS Find the Right People Prospect efficiently with powerful search and research capabilities:  Are you logging into LinkedIn daily?  Are you using LinkedIn Search?  Are you viewing other LinkedIn profiles?  Are you viewing third-degree connection profiles?  Are people viewing your profile? ©2014 LinkedIn Corporation. All Rights Reserved. 19
  • 20. SALES SOLUTIONS Engage with Insights  Discover & share valuable information to initiate or maintain a relationship  Are you engaging with people’s posts? (via likes, comments and shares)  Are people engaging with your posts?  Are you joining LinkedIn Groups?  Is your InMail response rate at least 10%? ©2014 LinkedIn Corporation. All Rights Reserved. 20
  • 21. SALES SOLUTIONS Build Strong Relationships  Expand your network to reach prospects and those who can introduce you to prospect  Are you connecting with second- and third-degree connections in your network?  Are you connecting with VP+?  Are you connecting with co-workers?  Is your acceptance rate when sending connection requests at least 20%? ©2014 LinkedIn Corporation. All Rights Reserved. 21
  • 22. SALES SOLUTIONS UNCOVER SUCCESS STORIES  Use SSI as a KPI for your sales teams  Collect the stories from how social selling won the deal  Track win rates based on Sales Navigator use ©2014 LinkedIn Corporation. All Rights Reserved. 22
  • 23. SALES SOLUTIONS Using social media for sales is not just another methodology – it’s a new mindset and your sales reps will need encouragements to stay the course. STAY MOTIVATED 4
  • 24. SALES SOLUTIONS Make it a game  Keep it short – Run contests no longer than 30 days in order to maintain interest and a sense of urgency.  Give a reward for performing the action – Rewards are a core, motivating factor for continued participation in the program.  Provide well-timed reinforcements – Proper timing reduces the chance of employee boredom.  Make it trackable – Make it easy for your team – and yourself – by using metrics that are tallied automatically by LinkedIn, in real time. ©2014 LinkedIn Corporation. All Rights Reserved. 24
  • 25. SALES SOLUTIONS Social Selling Adoption  Host a Sales Social Hour – Dedicate one hour per day or week when your sales team is focused on social media activities  Initiate “Profile Month” – Assign a certain month when everyone is expected to update their profile; create and share profile training materials with your team so they understand best practices.  Public recognition – Tie social media success into your quarterly sales awards, such as by giving an award for the “Best Example of Selling using Social Media in Q1”. 25
  • 26. SALES SOLUTIONS Take steps to increase the likelihood of success and continually tweak the program to yield better results over time. IMPROVE RESULTS 5
  • 27. SALES SOLUTIONS High SSI has an impact on the employee ©2014 LinkedIn Corporation. All Rights Reserved. 27
  • 28. SALES SOLUTIONS The Sales Team Becomes More Inspired We surveyed 100,000 professionals on LinkedIn and asked them how often they felt inspired at work. We found that those with higher SSI scores rated higher on the LinkedIn Inspiration Index. ©2014 LinkedIn Corporation. All Rights Reserved. 28 The Sales Team is More Likely to Exceed Quota Sales professionals who use social media are 51% more likely to exceed quota.6 So when social media adoption scales to the entire team, the output also scales.