Sept 2nd, 2009 workshop for the Sales & Marketing Society of the Midsouth. Presenters: Lori Turner of RedRover Company, and James Hutto of Valeo Design & Marketing.
2. Agenda Session Objectives
Sales and Marketing Benefits of Learn How to Use
Social Media LinkedIn/FaceBook to:
Fragmented Social Media Universe Generate more leads
Today’s Focus – LinkedIn and Increase brand
FaceBook awareness
More Effective Selling Drive traffic to your
Branding/Marketing brand/site
Individual and Firm Branding Convert cold leads into
Marketing and Promotions warm prospects
Measurement Close more sales
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3. Pursue direct sales. See who your friends, colleagues, customers and
vendors know that you need to know to reach your goals. If you sell IT
services, you can identify IT decision makers within companies that
you're targeting plus identify new companies to target.
Increase the visibility of your business or brand by using social
media tools to demonstrate your subject matter expertise. Buzz leads to
consideration.
Generate traffic to your website through your social networking.
Improve your search engine optimization (SEO) – your search engine
ranking in other words – as a result of your social networking efforts.
Extend your sales and marketing budget through low-cost lead
sourcing, brand awareness efforts, and marketing campaigns – but can
be time intensive.
Being a part of the conversation makes you and what you’re selling
relevant and keeps you in touch with your consumers. 3
5. A business oriented social A more personally slanted
networking site allowing users to social networking site
maintain contact details and key where users message
info about people they know and friends via personal/
trust – connections. “Three professional updates to
degrees” functionality helps their own profiles. Most
extend reach beyond just your used social networking
universe of contacts. site today.
31 million users; 11 million 250 million users; 68
unique users/mo. million unique users/mo.
70K users in Memphis
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6. Sample Sales Funnel
Sales Funnel helps you determine
level of prospecting needed each
week to meet sales targets
Key questions to develop your
personalized Sales Funnel – seeking
rough averages:
% of prospects called you reach
% of those who agree to meet
% of those where you get to quote
% of those jobs you land
Average size job
Incremental weekly sales target
= Incremental Weekly Revenue Target
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7. Sample Sales Funnel
Ways to use LI and FB to fill your
funnel:
Lead sourcing/generation
LI Advanced Search
FB Search – name, keyword,
location, school, company
Ways to use LI and FB a to improve
your funnel performance – %
reached, % that agree to meet, and
close ratios:
Call/Meeting prep
Converting cold leads into warm
prospects
Building rapport and trust through
= Incremental Weekly Revenue Target research 7
9. What do we mean by call planning or prep?
There are two waves of call prep – (1) prep for your initial attempt to
land a meeting with a prospect, and (2) prep for the actual in-person
sales call once scheduled. We’ll address both today. Note that in
preparing for your initial phone call, you should have already
completed 90% of your prep for the actual meeting.
Prep for an initial prospect call typically consists of:
Prospect qualification prior to initial phone call
Completion of research prior to initial phone call
Determination of call objectives for in-person meeting
Scripting/rehearsal of both your phone call and in-person meeting
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10. Why is it important?
Reduce the number of prospects you need to call on by
increasing your success rate with those you do call. How? Do your
homework to prequalify prospects and develop a customized winning
approach to landing the meeting.
Call planning can make the difference in getting the meeting or
not, and in closing the deal or not. If the account has great enough
potential, hours of call planning could be justified.
One opportunity to make a good sales impression. Make it count.
Even if it is just a 15-minute sales call with a decision-maker, that
crucial 15 minutes has to be planned so every minute counts. If it’s
a prospect not worth conducting proper planning for, it’s probably not
worth your time.
How much time do you usually spend planning for a sales call?
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11. What are you trying to achieve with this initial research?
Identify multiple points of potential connection.
Allow you to get creative in how you approach landing the meeting.
Uncover information that allows you to craft a meaningful “what’s in it
for them” statement.
Arm you with information that will help you overcome objections to
landing the meeting.
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12. Potential research sources:
Prospect website
Internet search
Social media sites (e.g., LinkedIn, FaceBook, Twitter), including
blogs and other web forums
Common acquaintances (ask around inside your firm, ask friends/
former colleagues, ask within organizations you’re affiliated with,
check social media sites) Note: Encourage call prep at least several
days before calling so that you can fully leverage common
acquaintances.
Conversations with non-competing sales reps also calling on them
Past clients
How to use research: Ensuring it doesn’t sound like you’re simply trying
to prove you did your homework vs. that you’re trying to help them solve
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a problem, meet a need, etc.
13. Types of Research Available
Type of work they do Common acquaintances – while
Awards/Press serving as information sources, they
Big accounts well-known for can also help get your foot in the
Size of firm and indication of door (get creative with how you
potential volume leverage these connections)
Common acquaintances Community affiliations/causes
Past companies decision Interests
makers worked for
Their target audiences Likes/Dislikes
Their hot buttons and/or causes Personality type
Past project of theirs that you Family
can authentically provide Educational background
specific, positive feedback on Sports teams of interest
Favorite restaurants 13
16. Case Study – Commercial Printer
Call Prep – Landing a Difficult Meeting Via Social Media Research
• The Challenge: A commercial printing sales rep had been trying to get his
foot in the door with the communications director at a very large church for
months. He called countless times, sent emails, without any response.
Due to the church’s vigilant gatekeeper, he couldn’t pop by for an
unscheduled visit either.
• The Solution: He researched the prospect via FaceBook
and learned that he was a huge Calvin and Hobbs fan
with a witty sense of humor. The sales rep purchased a
hard-bound Calvin and Hobbs book and attached a
handwritten, cleverly crafted note, written in a Calvin-
and-Hobbs tone, and had it hand couriered directly into
the prospect’s hands.
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17. Case Study – Commercial Printer
Call Prep – Landing a Difficult Meeting Via Social Media Research
• The Challenge: This same printing sales rep was trying to get his foot in
the door with a large ad agency. This firm had two production managers,
neither of whom returned the two messages he left. Rather than leave any
more messages, and a negative impression, he decided to get creative.
• The Solution: After researching these production
managers – reviewing months worth of FaceBook wall
posts – and contacting common acquaintances he
identified via LinkedIn, he knew quite a bit about them.
He created a “Tower of Power” gift for each prospect to
get their attention. Five gift boxes, separately wrapped,
were piled to make a tower of presents. The card said
“Here are five reasons to consider working with my firm.”
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18. Establishing
Relationship
Delivering and Assessing
Evaluating Needs
Closing the Sale
Formulating
& Resolving
Solution
Issues
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19. Building an effective relationship is the first step in
positioning yourself as a consultant, rather than a Establishing
salesperson – someone who can solve their business issues Relationship
vs. someone there to sell them. Build a relationship by:
Making a good first impression.
Finding a common point of connection – personal or professional.
Asking questions that demonstrate your understanding of their
business (e.g., their competitors, their market, their customers, business
direction, business challenges).
Delivering short elevator pitch.
Restating the meeting objective to remind them what’s in it for them to
engage in the discussion with you.
The whole point of this phase is to build trust and rapport. It’s also to
engage them with a compelling elevator pitch and meeting objective which
can set a positive or negative tone for the entire conversation. 19
20. Why Referrals Are Golden
The act of referring you to others is validation of your value.
When you meet the potential client, the relationship is half-formed.
When you meet the potential client, the engagement is half-sold.
Referral generation can produce one of the highest returns of your
sales and marketing investment.
Referrals can generate some of the highest
quality and most loyal clients.
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21. Tips for Generating Golden Referrals
Frequency of the Ask – You have to take accountability for regularly
giving your best customers the opportunity to refer business. Don’t
bombard the same people too often, but if you just ask once, you’re
leaving business on the table. Identify specific referral opportunities
through LinkedIn and FaceBook – who do they know that you want to
know?
What To Do with New Referrals – Reward referral behavior quickly and
generously to encourage more of the same. At a minimum, send them a
handwritten thank you card with a note outlining your first contact with the
person they referred.
To get referrals, give referrals. There’s nothing like leading by example.
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22. Tips for Generating Golden Referrals, cont.
Giving someone a referral is very different from providing a contact
name (or a lead). “You should call John Smith. He’s looking for someone
to help with his taxes. Feel free to use my name.” This isn’t a referral. It’s
simply passing along a contact name. It’s not nearly as effective as
having your customer pick up the phone, call John, and tell him about
you and your firm. Help the “referee” understand what you’re looking for:
Three-party lunch.
Phone recommendation with suggestion that the prospect meets you,
followed by a call from you.
Introduction at specific upcoming networking event.
Email introduction and recommendation, with suggestion that the two
of you meet, where you’re copied.
Virtual introduction via LinkedIn.
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23. Tips for Generating Golden Referrals, cont.
Coach them to warm it up – give them very simple sales language:
“That’s great. I appreciate you recommending Susan. The easiest thing to
tell her is that: you’re pleased with the work we’ve been doing and I
specialize in helping service firms like yours develop strategies for cutting
expenses, you recommend that she have a brief conversation with me,
and would it be okay if I gave her a call in the near future?”
Keep control of the process: “Thanks for doing that. Oh, and when
would be a good time for me to get back in touch with you to see if she
would like me to give her a call?”
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24. Increase your brand's visibility and your own
credibility as a subject matter expert.
Create a simple company page where all
employees link to it via LinkedIn.
Indirectly announce your services to others via LinkedIn Answers
tool by responding to a question related to your service or asking a
question that either engages your target audience or indirectly
points to what you do. Careful – soft sell only.
Drive interested readers to your blog posting by answering a
question and providing a URL to your blog for additional detail.
Get your product or service recommended by another member of the
LinkedIn community.
Use status updates to comment on projects and work you’re doing
that’s of interest to prospects.
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25. Brand visibility, cont.
Grow your network by joining groups and inviting members of fellow
groups to connect – spreading your messaging to a broader
prospect base (via status updates or responses to Answer).
Provide link to your profile in your email signature.
Improve your search engine ranking.
Drive additional traffic to your site via LinkedIn, which improves
ranking.
Creating additional links to your site helps the search engines find
you and can improve your ranking. Example: what if all employee
LinkedIn pages pointed to your company website?
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26. Give thought to your FaceBook strategy:
Personal objective – personal friends only;
updates skew personal; private profile; use
FaceBook for prospect research only
Combo of personal/professional objective – friends, clients and
prospects; blend of personal/professional updates that skew
professional; public or private profile
Strictly business objective – professional updates with public
profile
Create both a personal profile and a company page depending
upon your FB strategy.
Photo selection is key. Use your logo as your main photo on your
company page. Get a professional shot for your personal profile vs.
cropping yourself out of a family photo.
Have a short well-thought out description of what you do underneath
your photo.
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27. Link to your other online presence(s).
Website(s)
Blogs
Other social networking profiles
YouTube (add the YouTube Video Box Application)
Experiment with FaceBook advertising – highly targeted, low cost
per impression, low cost of entry.
Generate a fan base for your company page and message those fans.
Work with other businesses who offer goods and services that
complement yours, and “fan” each other, post on each others’ pages,
write on each others’ walls and tag each others’ work in photo albums.
Example: an event planner could build this kind of synergy with a
photographer, florist, caterer, etc.
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28. Run contests to increase activity on your page.
Ask people to become a fan or post comments
on your wall within a certain time frame and then
reward them with something of perceived value.
Update your fans a few times per month.
Make sure you link to your website(s) in the updates.
Ask everyone you know (including your staff) to become a fan of your
page and to share or post your page.
Make it easy for them - email them the link to your FB page.
Promote your page in FB Groups and on other pages.
Search for FB groups related to what you do and post your page in
their Posted Items (if enabled).
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29. Consider allowing your fans to post photos
Enable the Fan Photos option, but monitor this
closely so that you can take down any photos
that you feel are not beneficial to you.
Post comments on your own wall.
Lets your fans see two-way conversations between you and other
fans.
Be sure to click anywhere on the page so FB will recognize your
Admin status. Your logo (rather than your personal profile photo)
will show up.
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30. Sales Results
Improvements in sales funnel stats.
Specifically % meetings landed compared to calls made
and # new leads.
Increase in conversion of cold leads to warm prospects
(via common acquaintances, introductions, research).
Advertising Results
FB ad “click through” and conversion rates.
General Traffic/Awareness
Increased traffic to your LI and FB pages (including from your
email signature and website).
Increased traffic to your website via LI and FB pages.
Grass roots tracking – “how did you hear about me/us.”
Third-party traffic tracking applications.
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31. Creating a strong profile – Creating individual profile
individual and company and/or company page
Status updates Search with filters
Recommendations Fan Pages & Groups
Virtual introductions Advertising
Advanced search
Groups
Answers
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32. A few of the companies we’ve had the privilege of partnering with:
37. Get to 100%
Profile completion can affect what you see in searches
Watch the meter, follow
the steps they tell you to 37
38. You must have
a photo!
People will see you
status updates, try
to keep them
reasonably current
Set a custom profile URL and
put it in your email signature
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42. • All employees have to spell the company
exactly the same
• One person should fill out the company
profile and add a company description and
logo
Search by companies, and
setup your company profile
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44. • Contacts can be imported from almost
any email program: Hotmail, Gmail,
Yahoo, AOL, Outlook and more
• LinkedIn will match all users that have
accounts on the system
• Go through matched connections and
choose who send requests to
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45. • Keywords, names, titles,
companies, schools, locations
• Remember your goals.
Who are you looking for?
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46. • How do you know them?
• Don’t abuse the system:
– LinkedIn will limit your ability to add
connections if you get too many “I
don’t know this person” responses!
• Send Personalized Notes
– Use a Cheat Sheet to copy/paste
standard greetings to save time
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47. • Groups are great for expanding your network
o You can add anyone you share a group with as a
contact. Continue to expand your network
• Set your preferences in the Groups you join
o Email alerts: daily or weekly
o Show logos on your profile
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48. • Use Introductions to connect through
people you are directly connected to
• You send a message to both people
o Be careful: it’s likely that the person
forwarding the introduction may not
strip out your comments!
o Very similar to forwarding an email
• Don’t abuse - requires effort on the
Introducer’s part
• 5 at a time with a Free account
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52. • Are you good at what you do?
• Do you want others to notice
that?
• Answering Questions is a
great way to build your
“Social Capital” and credibility
on LinkedIn
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