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SOCIAL MEDIA AND YOUR SALESFORCE
Darin M. Reffitt, VP, Marketing Segment Manager – BNY Mellon Chair of IASA’s Social Media Subcommittee@dmreffitt on Twitter
Background
Per a LinkedIn study released February 13, 20147
of Small and Medium sized businesses
(SMBs) are using social media
of SMBs using social media are
doing so for marketing purposes
of “hyper growth”
companies say social media
helped increase brand awareness
of “hyper growth”
companies said social media
helped generate new leads
Background
More things to consider:
of CEOs do not return cold
emails or cold calls, per
InsideView1
the number of web or social media sources buyers turn to
before making a purchase decision26
of B2B buyers started product
research on social media or
other online communities in
201226
of B2B decision makers think
sales representatives are unprepared
for meetings, per SiriusDecisions1
How Do B2B Decision Makers Use Social Media?Per 2013 Forrester Research, as quoted from KinetixMedia14:
visit communities or forums that are NOT associated with a single brand or vendor at least once a month
visit Facebook at least once a month
visit LinkedIn at least once a month
Use support or discussion forums & communities associated with a specific vendor or brand
visit Twitter at least once a month
Access Google+ at least once a month
The Combined Challenge
Buyers are 57% through their buying process before engaging with salespeople, according to the Corporate Executive Board30
More difficult to reach
decision makersEasier for
buyers to do their own
research on solutions
Greater adoption of
social media by companies and
individuals
A shift in salesapproach is required
Social Selling
• Definition: the use of social media to increase revenue and sales team productivity25.• What it is:
– Listening– Connecting – Engaging– Advising– Sharing– Monitoring
• What it isn’t:– Pushing products– Spamming
“Before LinkedIn and other social networks, in the sales world, ABC stood for Always Be Closing. Now, ABC means Always Be Connecting, because your connections lead to your next hire, your next job, your next lead, and your next close.”- Jill Rowley, Social Selling Evangelist at Oracle30
Social Selling
of B2B buyers are informing themselves about enterprise products and services
through 3rd-party sources before consulting a vendor’s salesforce31
of those say that these 3rd party sources are a factor in their purchase decisions31
“B2B buyers are shopping at work like they do at home.” –Avanade31
On the Other Hand…
• Traditionally, companies have limited access to social media by anyone other than Marketing or Communications
• Perceived (and sometimes valid) brand risks limit the ability of the salesforce to post or share content if it’s seen as being on behalf of the company
• Proper training is a better solution than denying access
General Strategies
Listen • Prospect companies voluntarily deliver significant amounts
of strategic information about their goals, challenges and plans for growth via social media. Sales teams can use this information to target their approach to the needs of each prospect
• Individuals in targeted companies often share challenges or seek ideas for solutions via social media. Proactive response to those individuals can lead to sales growth and additional referrals
General Strategies
Connect• Social media has become—digitally—a combination of what
chamber of commerce mixers, class reunions, and conferences used to be in person
• Networking via social channels can lead to sales opportunities not only directly, but via referrals from clients, former classmates, distant relatives, and digital influencers
• Include your social media links on business cards and email signatures to make it easier to find you via various channels
• Crosslink your social media accounts to each other
General Strategies
Engage, Advise, & Share• Social media enables members of the sales team to become digital influencers themselves• Acting as an ongoing resource for advice and expertise keeps both the salesperson and the
company top of mind when a window opens for a sales opportunity• Answering questions about the business in general keeps you top of mind as a resource• Post relevant content from other sites that will interest targets• Blog about industry or implementation best practices• Link targets to solutions to other issues
General Strategies
Monitor• Just as companies issue strategic clues on Twitter and other social sites, so too do competitors,
enabling you to monitor their strategies and prepare for future campaigns, initiatives, and/or challenges
• Intelligence gathering on social media is more current and enables real-time response• Set up Google alerts for key names and topics to listen proactively for news38:
– Your Name– Company Name– Competitor Names– Client Names– Key Unique Terms
“According to a study by conversocial, only 3% of tweets directed at a company actually use their official @username37
General Strategies
Develop a daily routine4
• Watch the Hootsuite video referenced in the online sources (#4)• 10/10/10 rule:
Spend:
each day connecting with buyers
each day gathering intelligence about prospects/competitors/etc.
each day becoming a trusted advisor
“Distinguish yourself as a provider of consistently good advice.” –The Social Media Sales Revolution
Forrester Facts:B2B Decision Maker use of LinkedIn: “88% have connected with peers or colleagues in the past month, while 40% have participated in groups that are affiliated with a brand or vendor. 81% of LinkedIn users visit the site with a business purpose at least some of the time.”
• LinkedIn is “the world’s best business networking database”35
• Your profile is your online resume– Professional photo– Complete background and experience– All relevant skills and expertise
• Ask for professional recommendations from other clients• Join relevant groups37
– You may join up to 50 groups– Groups give you a place to answer questions and
demonstrate knowledge– You can contact people in your groups even if they aren’t
direct contacts
LinkedIn ProfileProfessional picture
Professional name
Attention-grabbing heading
Vanity URL for links
Contact info
Other social media
Summary demonstrating
expertise
Experience
• If new, start by following key companies and industry associations – Look at who is following them
• Search and monitor key hashtags4 – follow the people posting about those topics• Use your profile space strategically – Use hashtags and key info in a very limited space• Use the same photo across all social sites for easy confirmation• “Stakehold” your handle on new sites to protect it38
• If selling into a geographic region, search geographically4 – use Twellow
Forrester Facts:B2B Decision Maker use of Twitter: “86% of users look to Twitter primarily to read others' tweets, with very few actively sharing through this channel. More than half have posted a tweet themselves or retweeted something they've read online. And 42% have used Twitter to get product support.”
Same profile picture
Describe your value
Cross-linked sites
Unique header photo
• Consider separate accounts for personal and business purposes35
• Join public & private groups related to your field• Be cautious with privacies and photos
– Remember that your profile photo and your cover photos are public• If connecting with business colleagues in a personal account, use the List
feature to organize and ensure you’re sharing appropriately.
Forrester Facts:B2B Decision Maker use of Facebook: while ”Only 2%…view their Facebook presence as primarily for business” many use Facebook for business sometimes. “Of those that do, 71% use it to connect with people…Slightly more than half have liked a brand or vendor (57%) or clicked on an ad/posted on a page owned by a brand or vendor (51%).
Google+
• If only 49% are using it, why leverage it?• 72% of product research for a future business purchase begins on Google, according to Pardot's
2013 State of Demand Generation Report2
• Google+ ties directly to SEO for your website and for social media• Enables a link into YouTube, for video blogging• An alternative to using two Facebook accounts
– Facebook for Personal, Google+ for Business• Allows organization by “circles”
– Circles are like Facebook Lists– If not already on Google+, you can start fresh with ideal groupings– Control who sees various posts and who you see in your feed
Blogging
• Hubspot reports that 92% of companies that blog multiple times per day have acquired a customer from their blog1
• “Encourage team members to think about new ways to focus on prospects’ needs and business challenges by answering common questions that prospects ask in their buyer journey”6
• The most successful B2B content marketers rated blogs as the most effective social media tactic, per a 2014 Benchmarks study8
• Blog about industry trends, challenges• Blogs can be written or video• Platforms:
– WordPress– Blogger– YouTube
SlideShare
• Upload presentations on general educational topics to SlideShare as a PowerPoint or PDF• Link them to your LinkedIn and publish them via Twitter/Facebook/Google+• Ensure you include an author biography within your presentation and link it to your other social
media accounts39
• Be strategic with keywords to reach your target market
Searching “Insurance Accounting”:
Searching “Insurance Systems”:
Searching “Insurance Technology”:
Other Sites to Consider
• Quora: a question and answer site that enables experts to share their expertise, and which is tied to your Twitter/Facebook/G+ account
• Other trending sites may not seem applicable, but there’s something to be said for being first to market via a new channel
• Pinterest and Instagram may seem largely B2C, but according to a recent FastCompany article2, that’s not set in stone:
– “…whether they're sharing photos "From the Factory Floor" or showcasing "Badass Machines," General Electric does a great job on Pinterest. When it comes to images, Maersk is leading the B2B pack on Instagram”
• Instagram and YouTube can serve as ideal content generators for other sites
– Video and photos tend to gain traction over other types of content
A study by Simply Measured showed that Instagram photos shared by brands to Facebook resulted in 274 engagement actions, and to Twitter resulted in 22 retweets per photo37
Salesforce Social Roadmap
• Each company’s roadmap will be different• Things to consider:
– How socially engaged is your company?– Who is allowed to post content at your company?– What legal/regulatory challenges does your industry face?– To whom are you selling? Where are they on social media?
Sample Social Roadmap
Who may access social media?
How
soc
ially
eng
aged
is y
our
com
pany
?
Twitt
er is
stil
l kin
dasc
ary
We’
re o
n Li
nked
In
and
Twitt
erJu
st L
inke
dIn
and
Twitt
er?
Psha
w!
Only Marketing may use social media
Everyone can see social media; but
only a few authorized people
may post
Our client facing staff is an extension
of our brand on social media
Silent Observers
Active Listeners
Skilled Networkers
Client Advocates
Responsive Listeners
Brand Promoters
Brand Advocates
What Sales Managers Can Do
• Provide Training– Read Chapter 9 of The Social Media Strategist (#32) for a great overview of training
approaches and areas– Recommends three levels of training:– Intro level for everyone (“Undergraduate”) - Policy, platforms and ettiquette– Intermediate level for those with social media exposure (“Graduate”) – Brand & reputation,
case studies, crisis preparation– Advanced level for those engaged directly in social media (“Doctorate”) – In depth training &
real-life examples with outside speakers
What Sales Managers Can Do
• Advocate for social selling• H&R Block’s approach can serve as a model32:
– “H&R Block’s approach reflects a solid understanding of the environment. It recognizes that employees and associates are going to be active in the social Web and that trying to restrict or control all of their conversations is futile—not to mention limiting their potential effectiveness. To protect its brand and ensure consistency, H&R Block educates everyone at the company on its online communication (social media) policy—to the extent of even including that policy in vendor and partner agreements.”
What Sales Managers Can Do
• Lead by example– Show them how to get engaged on the various sites and demonstrate appropriate usage
• Incorporate social engagement into goals– What gets measured gets done
• Develop incentives to salespeople to engage on social media9
– Prizes– Rankings– The best at social sales get access to the best tools9 (ex. LinkedIn Premium memberships)
“We incentivize salespeople every day to record the number of appointments, outbound calls, proposals sent, and other activities that we know drive sales. Why not include their number of blog comments? Or new Twitter followers? Or recommendations on LinkedIn? Make it fun, and make it competitive at the same time. Rank the sales team in order of their ‘social strengths.’” – Jeff Hoffman16
What Marketing Can Do
• Help drive the cultural shift at your company to embracing social media and enabling use by the salesforce
– Incorporate the salesforce into the overall social media plan goals2
– As you define your overall social media marketing goals and tactics, including the salesforceas a channel for distribution and lead management will help you to succeed
– Ensure a comprehensive Social Media policy is created that enables the salesforce to engage socially
• Provide tools to assist2
– Corporate accounts with services to help the salesforce manage and measure social media success will standardize processes and ensure compliance with corporate requirements
– If you don’t give them the tools to do the job they will find or make their own
“If the culture in the organization doesn’t encourage communication, whether internally or externally, then adding in social media technologies is going to be difficult. And it’s often management that has difficulty understanding how to integrate, not the employees.”5
What Marketing Can Do
• Support the Sales Team– Give them content to share - according to a recent IDG Connect B2B study, 89% of IT
buyers want educational content, and the study notes that, "IT buyers will soon look to social media as the single most important content source to inform their buying decisions.“2
– Provide fully-developed Company pages and Official Twitter Accounts to lend the sales team credibility
– Follow the sales team back on Twitter
Other Considerations
Account Ownership• Decide up front who will own the accounts
– Company-owned accounts should follow standard naming conventions– Personal accounts have more freedom to share content without appearing to be endorsing
• Legal precedent is being set*– LinkedIn is generally viewed as personal
• Avoid ambiguity– Set a policy and get forms signed for corporate-owned accounts
Legal/Compliance• Make legal a partner instead of an adversary• Use appropriate tools for legal and compliance purposes
*“Who Owns a Social Profile? You or Your Company?”http://www.linkedin.com/today/post/article/20130807115218-5214630-who-owns-a-social-profile-you-or-your-company
Tools
• Cardmuch: app that scans business cards and finds the LinkedIn account of the individual
• Hootsuite: social media dashboard that enables organization of social media accounts, keywords, posts, hashtags, etc.
– Within Hootsuite you can form followers into groups4
• Prospects• Customers• Competitors (private twitter list)• Influencers• Partners
• Twellow: Twitter directory• Topsy.com: Twitter Search Engine
Tools
• RSS Readers37:– Feedly– NetVibes– Newsblur
• Twitter Automation/Schedulers37:– HootSuite– Sprout Social– MarketMeSuite– TweetDeck (now owned by Twitter)
• Tools to Measure Social Influence37:– Klout– Kred– PeerIndex
Vendors
• Enterprise Social Marketing and/or Compliance Platforms:– GaggleAMP9
– Hearsay Social– PeopleLinx– Socialite– Socialware– Smarsh
• Training Programs:– PeopleLinx – LinkedIn specific– Sales Performance International
• Listening Platforms:– Radian6– Sysomos
Final Thoughts
• Start by listening and learning the rules of engagement– Figure out what your audience is doing and what your opportunity is32
• Voice matters– Building a personal brand requires a personal voice– On social media, organizational voices are less trusted than the voices of real people32,
which carry more weight and seem more real• The 4-1-1 Rule37
– Published in 2009 and popularized by content marketing guru Joe Pulizzi– For every 6 posts:
should be original posts to interesting content
may be self-serving to your own content or campaign
should be a retweet/repost of someone you’re following
Final Thoughts
• Cone Inc. 2009 “Social Media in Business Study:
of business buyers believe all companies should have a presence on social media
of business buyers believed social media should be used to interact and become more engaged with them
Online Sources
1. 10 Ways To Teach Your Customers To Buy From You: http://marketingthink.com/10-ways-to-teach-your-customers-to-buy-from-you-social-selling/
2. 5 (Relatively Simple) Steps To B2B Social Media Marketing Success: http://www.fastcompany.com/3026450/dialed/5-relativity-simple-steps-to-b2b-social-media-marketing-success
3. 5 Ways Your Company Can Use Social Media: Tools to Employ – Infographic: http://socialmediatoday.com/rtmixmktg/1824456/5-ways-your-company-can-use-social-media-tools-use
4. 7 Steps for Sales Teams Going Social – Video: http://blog.hootsuite.com/7-steps-for-sales-teams-going-social/5. 7 Steps to Making the Most of Social Media in Your B2B Business: http://www.business2community.com/b2b-
marketing/7-steps-making-social-media-b2b-business-07681446. 7 Ways Your Sales Team Can Get Results with B2B Social Media: http://socialmediab2b.com/2014/02/b2b-social-
media-sales-team-results/7. 81% Of Small And Medium-Sized Businesses Use Social Media: http://mashable.com/2014/02/13/linkedin-social-
media-study/8. B2B Content Marketing Statistics and Trends: How Do You Measure Up?:
http://www.business2community.com/content-marketing/b2b-content-marketing-statistics-trends-measure-0777094
9. Empowering Sales Teams with Social Media to Drive Leads – Video: https://gaggleamp.com/blog/video-empowering-sales-teams-with-social-media-to-drive-leads/
10. Even Though It’s Called B2B, There’s Still A “C” On The Other End: http://steveolenski.blogspot.com/2012/05/even-though-its-called-b2b-theres-still.html
Online Sources
11. Getting Social: Top Social Media Platforms for B2B: http://spacebarpress.com/getting-social-b2b-friendly-social-media-platforms/
12. Hot or Not: The Best Methods for Finding New B2B Customers in 2014 – Infographic: http://profitecture.com/recommended-reading-whats-new-in-b2b-social-media-marketing-112713/
13. How B2B Companies Are Using Social Media – Infographic: http://www.spiral16.com/blog/2013/10/how-b2b-companies-are-using-social-media-infographic/
14. How B2B Decision-Makers are Using Social Media: http://bringyourbrandtolife.kinetixmedia.com/blog/bid/151129/How-B2B-Decision-Makers-are-Using-Social-Media
15. How Do B2B Companies Use Social Media? – Infographic: http://unbounce.com/social-media/b2b-social-media/16. How to Ease Your Sales Team Into Social Sales: http://blog.hubspot.com/marketing/easing-into-social-selling17. How to Enable Employee Brand Ambassadors Through Social Media;
http://www.marketingpower.com/ResourceLibrary/Pages/newsletters/b2b/2014/February/brand-ambassadors.aspx
18. Make Social Media Easy For The B2B Sales Team – Slides: http://www.slideshare.net/markeelliott/venture-accelerator-partners-sm-for-b2-b-sales-130923
19. Other Than LinkedIn, Why Are B2B Marketers Still Unsure About Social Media?: http://www.forbes.com/sites/steveolenski/2013/10/21/other-than-linkedin-why-are-b2b-marketers-still-unsure-about-social-media/
20. Preparing sales teams for social media – it’s not just about the hard sell: http://www.eyefortravel.com/social-media-and-marketing/preparing-sales-teams-social-media-%E2%80%93-it%E2%80%99s-not-just-about-hard-sell
Online Sources
21. The Rise of Social Salespeople: http://www.forbes.com/sites/markfidelman/2012/11/05/the-rise-of-social-salespeople/
22. Selling Social Media to the Sales Team: http://socialmediatoday.com/fbocchino/2016111/selling-social-media-sales-team
23. Six Brilliant Ways B2B Brands Are Tapping into Social Media: http://socialmediatoday.com/tlittleton/1871731/six-ways-b2b-brands-tapping-social-media
24. Social Media and the B2B Sales Courtship: http://www.business2community.com/b2b-marketing/social-media-b2b-sales-courtship-0777660
25. Social Selling: An Overview for Sales Executives: http://socialbusiness.hootsuite.com/rs/hootsuitemediainc/images/hootsuite-socialsellingexecutive-whitepaper.pdf
26. Using a Social Media Marketing Strategy to Reboot Your Sales Team: http://www.skyword.com/contentstandard/blog/using-a-social-media-marketing-strategy-to-reboot-your-sales-team/
27. What Is Social Selling? Connections And Content: http://www.forbes.com/sites/sap/2013/05/08/what-is-social-selling-connections-and-content/
28. Why Sales Teams Need a Social-Media Strategy: http://www.sellingpower.com/content/article/?a=9665/why-sales-teams-need-a-social-media-strategy/why-sales-teams-need-a-social-media-strategy
29. Why Your Sales Team Needs To Get On Social Media: http://dynamicsignal.com/sales-team-needs-get-social-media/
30. The ABCs of Social Selling: Always Be Connected: http://blog.eloqua.com/abcssocialselling/
Online Sources
31. B2B Buyers Seen Adopting B2C Shopping Practices: http://www.marketingcharts.com/wp/online/b2b-buyers-seen-adopting-b2c-shopping-practices-38359/
Printed Sources
32. Barger, Christopher. The Social Media Strategist: Build a Successful Program from the Inside Out. New York: McGraw-Hill, 2012
33. Bodnar, Kipp and Jeffrey L. Cohen. The B2B Social Media Book: Become a Marketing Superstar by Generating Leads with Blogging, LinkedIn, Twitter, Facebook, E-Mail, and More. Hoboken: John Wiley & Sons, Inc., 2012
34. Gillan, Paul and Eric Schwartzman. Social Marketing to the Business Customer. Hoboken: John Wiley & Sons, Inc., 2011.
35. Landy, Chase and Kevin Knebl; The Social Media Sales Revolution: The New Rules for Finding Customers, Building Relationships, and Closing More Sales Through Online Networking. New York: McGraw-Hill, 2011
36. Online Business Buddy. Social Media Sales Techniques: The 25 most effective ways to boost sales like a Pro with Social Media!. Self Published eBook, 2013
37. Schaffer, Neal. Maximize Your Social: A One-Stop Guide to Building a Social Media Strategy for Marketing and Business Success. Hoboken: John Wiley & Sons, Inc., 2013
38. Shih, Clara. The Facebook Era: Tapping Online Social Networks to Market, Sell, and Innovate, 2nd Edition. Boston: Pearson Education, 2011
39. Stock, Darren. Social Media Marketing: Strategies Tips Hints For Any Size Business. Self Published eBook, 2013