SlideShare ist ein Scribd-Unternehmen logo
1 von 16
Robert Koehler
Sales Performance Consultant
LinkedIn
LinkedIn Confidential ©2013 All Rights Reserved
Social Selling Research
“Best-in-Class sales reps (reps that deployed social
selling) companies saw a 16.3% average year-over-
year increase in total company revenue, compared to
a 4.1% increase for the Industry Average and a 8.7%
decrease among Laggards”
“Social Selling: Best-in-Class Targeting of the Right Message, at the Right Time, for the Right Person” Aberdeen
Group, July 2012.
LinkedIn Confidential ©2013 All Rights Reserved 2
“Sales professionals are 79% more likely to attain their
quota than those that don’t use social selling”
Aberdeen Group, May 2012.
LinkedIn Confidential ©2013 All Rights Reserved 3
ORGANIZATION NAME
Aberdeen Research Brief
Social Selling Research
I In April and May 2012, Aberdeen Research surveyed 173 end-user sales organizations to
understand how the top performers among them use Social Media. They used performance
metrics to differentiate between Best-In-Class (top 20%), Industry Average (middle 50%) and
Laggard (bottom 30%). What they found:
 Reps achieving quota in last calendar or fiscal year: BIC=79%, Ind
Avg= 43%, Laggards= 15%
 YOY increase in total company revenue. BIC= 16.3% incr., Ind
Avg= 4.1%, Laggards= 8.7% decline
 YOY increase in average deal size or contract value: 0.7%, Ind
Avg= 1.7% increase, Laggards= 6.6% decline
 Average sales cycle: BIC=0.7%, Ind Avg= 0.2%, Laggards= 5.3%
4
ORGANIZATION NAME
Aberdeen Research Brief
Social Selling Research
In Best of Class companies, 70% of respondents engage
customers through personalized social experiences
“Keeping sales professionals engaged by providing them with not
only the most contemporary social tools, but also with proof that
they are effective, is surely a welcome sales enablement best
practice”
5
ORGANIZATION NAME
Social Selling Research
 Two out of three CXO level decision makers want to engage
digitally vs. in person with sales
(Sirius Decisions Summit, Scottsdale 2012)
LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
ORGANIZATION NAME
Social Selling Research
SBI conducted over 12,500 Buyer Surveys last year across 19 different
industries. We’ve synthesized the output into our Annual Research
Project. (August 20, 2012)
 In almost 75% of sales situations, your Customer would prefer not to
spend time meeting face to face. Our research shows they want to
engage virtually. Why aren’t you making it easy for them?
 By eliminating travel time, your sales force can become up to 150%
more efficient
 You are no longer a slave to geography, and can re-align your team by
vertical, by tier, or by type of product sold
 Inside Sales drives Customer Acquisition Cost (CAC) out of your
business model, which increases your profitability and may even allow
you to re-evaluate your Average Sales Price (ASP) so you can gain
entry into the marketplace at a more attractive point. How much does
your outside sales force add to your costs?
LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
ORGANIZATION NAME
Social Selling Research
 As noted in the recent Harvard Business Review article, “Tweet Me,
Friend Me, Make Me Buy”, “more than 90% of C-level executives
said they ‘never’ respond to cold calls or e-mail blasts,” but sales
people are seeing a high rate of response to social media
(www.ASTD.org, August 13 2012)
LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
ORGANIZATION NAME
Social Selling Research
Frost & Sullivan 2011 Sales Leadership Priorities Survey Results; 119 sales executives in North & South America
http://www.frost.com/prod/servlet/cio/234345213
 Top challenge: Identifying and qualifying high-potential prospects
(36%)
LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
ORGANIZATION NAME
What is social selling?
 That is what social selling really means. ~80% of purchase
decisions are based on recommendations. You need to be part of
that "recommendation Chain". If you and your products are not
recommended, you need to settle for the 20% of the deals that
where based only on price or other random mechanism you have
no control over.
 In other words, here is my definition of social selling: "Social selling
is a sales technique, leveraging social media, to get and maintain a
360 degree picture of the clients and their influencer on an ongoing
basis. It allows sales people to manage and maintain 5 times as
many active customers compared to traditional techniques. Social
selling allows an average sales person to become a top performer
simply by using tools and techniques that allows them to socialize
in a way that was only accessible to the top sales guard in
 Source: Axel Schultze, www.customerthink.com, October 23, 2009 (also Chairman of the Social Media Academy)
LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
ORGANIZATION NAME
Sales tool that provide insight about prospects see
results
Businesses that invest in sales tools to provide more insight about
prospects see results:
 71% year over year improvement in sales cycle time
 51% year over year improvement in lead conversion rates
 54% year over year improvement in the percent of sales reps
achieving quota
Source: Aberdeen Group, Sales Intelligence: The Secret to Sales
Nirvana, January 2009
LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
ORGANIZATION NAME
The New Buying Process
“Buyers aren’t just more informed, they’re busier. A 2012 survey by
International Data Corporation found that B2B technology buyers
receive an average of 6 phone calls and 14 emails per day from
vendors. Since they’re inundated with data and sales pitches, it’s
not surprising that the IDC’s respondents return a paltry 10.5% of
phone calls and 9% of emails from new vendors. Now that informed
buyers can thoroughly research their own options, a call from a new
sales representative can be more of a nuisance than a service”
“The number of people involved in a large technology
purchase increased from five in 2010 to seven in 2012”.
Hootsuite blog, February 28, 2013
LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
ORGANIZATION NAME
The Rise of Social Selling_Sales Benchmark Index
http://www.salesbenchmarkindex.com/bid/100894/The-Rise-of-Social-Selling
August 14, 2013
 4.4% - email open rates (source: Google). Batch and blast email
campaigns don’t work. Your buyers (and you) are saturated with emails
every day. If you think you can outshout hundreds of others via email,
good luck.
 1-3% - cold calling appointment rate (source: American Association for
Inside Sales Professionals). When was the last time you answered
your desk phone? An unknown call to your mobile phone? If you’re
spending on tele-prospecting, you’re better off throwing it out the
window.
 84% - # of B2B decision makers who begin their buying process with a
referral (source: Edelman Trust Barometer). Ask yourself what you did
the last time you entered the market with a need. Maybe a new sales
or marketing leader. A potential venture capital or private equity firm.
Did you take a cold call? Respond to a recruiter’s email? Or, did you
pick up the phone and call someone you know for help?
LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
ORGANIZATION NAMELinkedIn Confidential ©2013 All Rights Reserved 14
ORGANIZATION NAME
Evolve IP
www.evolveip.net
LinkedIn Confidential ©2013 All Rights Reserved 15
ORGANIZATION NAME
“80% of sales leads are wasted and 80% of sales time is spent cold-
calling and prospecting”
“30% of sales reps turn over every year”
LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions

Weitere ähnliche Inhalte

Was ist angesagt?

The 7 Reasons Engagement Improves Return on Your Marketing Investment
The 7 Reasons Engagement Improves Return on Your Marketing InvestmentThe 7 Reasons Engagement Improves Return on Your Marketing Investment
The 7 Reasons Engagement Improves Return on Your Marketing InvestmentMarketo
 
15 Inbound Sales Statistics That Will Help Your Team Sell Better
15 Inbound Sales Statistics That Will Help Your Team Sell Better15 Inbound Sales Statistics That Will Help Your Team Sell Better
15 Inbound Sales Statistics That Will Help Your Team Sell BetterTSL Marketing
 
10 Key Marketing Trends for 2016
10 Key Marketing Trends for 201610 Key Marketing Trends for 2016
10 Key Marketing Trends for 2016IBM Watson Commerce
 
Business.com Small Business Pulse 2013 Lead Generation Insights
Business.com Small Business Pulse 2013 Lead Generation InsightsBusiness.com Small Business Pulse 2013 Lead Generation Insights
Business.com Small Business Pulse 2013 Lead Generation InsightsBusiness.com
 
How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...Varun Mittal
 
Bridging the Gap Between CIO and CMO
Bridging the Gap Between CIO and CMOBridging the Gap Between CIO and CMO
Bridging the Gap Between CIO and CMODigiday
 
Flash sales report
Flash sales reportFlash sales report
Flash sales reportNandini
 
A Simple Approach to Digital Strategy
A Simple Approach to Digital StrategyA Simple Approach to Digital Strategy
A Simple Approach to Digital StrategyTim Peter
 
Rise of Marketing Automation_A discussion guide_ JFiur
Rise of Marketing Automation_A discussion guide_ JFiurRise of Marketing Automation_A discussion guide_ JFiur
Rise of Marketing Automation_A discussion guide_ JFiurjefiur
 
The Tech Marketer Difference
The Tech Marketer DifferenceThe Tech Marketer Difference
The Tech Marketer DifferenceLinkedIn
 
Qualitative Research in Conversion Optimization
Qualitative Research in Conversion OptimizationQualitative Research in Conversion Optimization
Qualitative Research in Conversion OptimizationAndra Baragan
 
Big Data Analytics Summit - April, 2014
Big Data Analytics Summit - April, 2014Big Data Analytics Summit - April, 2014
Big Data Analytics Summit - April, 2014shankar_radhakrishnan
 
The Future Of B2B Marketing / By @TheCoolestCool
The Future Of B2B Marketing / By @TheCoolestCoolThe Future Of B2B Marketing / By @TheCoolestCool
The Future Of B2B Marketing / By @TheCoolestCoolRoss Simmonds
 
50 Must Know Statistics for B2B Lead Generation
50 Must Know Statistics for B2B Lead Generation50 Must Know Statistics for B2B Lead Generation
50 Must Know Statistics for B2B Lead GenerationPierre de Braux
 
Oracle Customer Advisory Board Presentation, Napa, February 2014
Oracle Customer Advisory Board Presentation, Napa, February 2014Oracle Customer Advisory Board Presentation, Napa, February 2014
Oracle Customer Advisory Board Presentation, Napa, February 2014andrewjns
 
Mark Organ presentation on disruptive marketing technology for IHR 2013 confe...
Mark Organ presentation on disruptive marketing technology for IHR 2013 confe...Mark Organ presentation on disruptive marketing technology for IHR 2013 confe...
Mark Organ presentation on disruptive marketing technology for IHR 2013 confe...Mark Organ
 

Was ist angesagt? (20)

The 7 Reasons Engagement Improves Return on Your Marketing Investment
The 7 Reasons Engagement Improves Return on Your Marketing InvestmentThe 7 Reasons Engagement Improves Return on Your Marketing Investment
The 7 Reasons Engagement Improves Return on Your Marketing Investment
 
15 Inbound Sales Statistics That Will Help Your Team Sell Better
15 Inbound Sales Statistics That Will Help Your Team Sell Better15 Inbound Sales Statistics That Will Help Your Team Sell Better
15 Inbound Sales Statistics That Will Help Your Team Sell Better
 
10 Key Marketing Trends for 2016
10 Key Marketing Trends for 201610 Key Marketing Trends for 2016
10 Key Marketing Trends for 2016
 
Business.com Small Business Pulse 2013 Lead Generation Insights
Business.com Small Business Pulse 2013 Lead Generation InsightsBusiness.com Small Business Pulse 2013 Lead Generation Insights
Business.com Small Business Pulse 2013 Lead Generation Insights
 
How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...
 
Bridging the Gap Between CIO and CMO
Bridging the Gap Between CIO and CMOBridging the Gap Between CIO and CMO
Bridging the Gap Between CIO and CMO
 
9 Takeaways from the 2017 Masters of B2B Marketing Conference
9 Takeaways from the 2017 Masters of B2B Marketing Conference9 Takeaways from the 2017 Masters of B2B Marketing Conference
9 Takeaways from the 2017 Masters of B2B Marketing Conference
 
Flash sales report
Flash sales reportFlash sales report
Flash sales report
 
A Simple Approach to Digital Strategy
A Simple Approach to Digital StrategyA Simple Approach to Digital Strategy
A Simple Approach to Digital Strategy
 
New Approach, New Roles
New Approach, New RolesNew Approach, New Roles
New Approach, New Roles
 
Rise of Marketing Automation_A discussion guide_ JFiur
Rise of Marketing Automation_A discussion guide_ JFiurRise of Marketing Automation_A discussion guide_ JFiur
Rise of Marketing Automation_A discussion guide_ JFiur
 
The Tech Marketer Difference
The Tech Marketer DifferenceThe Tech Marketer Difference
The Tech Marketer Difference
 
Qualitative Research in Conversion Optimization
Qualitative Research in Conversion OptimizationQualitative Research in Conversion Optimization
Qualitative Research in Conversion Optimization
 
Joe Sinkwitz - Advanced Search Summit Napa 2021
Joe Sinkwitz - Advanced Search Summit Napa 2021Joe Sinkwitz - Advanced Search Summit Napa 2021
Joe Sinkwitz - Advanced Search Summit Napa 2021
 
Big Data Analytics Summit - April, 2014
Big Data Analytics Summit - April, 2014Big Data Analytics Summit - April, 2014
Big Data Analytics Summit - April, 2014
 
The Future Of B2B Marketing / By @TheCoolestCool
The Future Of B2B Marketing / By @TheCoolestCoolThe Future Of B2B Marketing / By @TheCoolestCool
The Future Of B2B Marketing / By @TheCoolestCool
 
50 Must Know Statistics for B2B Lead Generation
50 Must Know Statistics for B2B Lead Generation50 Must Know Statistics for B2B Lead Generation
50 Must Know Statistics for B2B Lead Generation
 
Oracle Customer Advisory Board Presentation, Napa, February 2014
Oracle Customer Advisory Board Presentation, Napa, February 2014Oracle Customer Advisory Board Presentation, Napa, February 2014
Oracle Customer Advisory Board Presentation, Napa, February 2014
 
10 Ridiculous Hacks to 5X Click-Through Rates
10 Ridiculous Hacks to 5X Click-Through Rates 10 Ridiculous Hacks to 5X Click-Through Rates
10 Ridiculous Hacks to 5X Click-Through Rates
 
Mark Organ presentation on disruptive marketing technology for IHR 2013 confe...
Mark Organ presentation on disruptive marketing technology for IHR 2013 confe...Mark Organ presentation on disruptive marketing technology for IHR 2013 confe...
Mark Organ presentation on disruptive marketing technology for IHR 2013 confe...
 

Andere mochten auch

Results Social Selling Q2 - Europe - external v2
Results Social Selling Q2 - Europe - external v2Results Social Selling Q2 - Europe - external v2
Results Social Selling Q2 - Europe - external v2Laura LAMARD
 
The Science of Social Selling: Measuring Adoption and Results With LinkedIn
The Science of Social Selling: Measuring Adoption and Results With LinkedInThe Science of Social Selling: Measuring Adoption and Results With LinkedIn
The Science of Social Selling: Measuring Adoption and Results With LinkedInLinkedIn Sales Solutions
 
The Science of Social Selling: Measuring Adoption and Results with LinkedIn
The Science of Social Selling: Measuring Adoption and Results with LinkedInThe Science of Social Selling: Measuring Adoption and Results with LinkedIn
The Science of Social Selling: Measuring Adoption and Results with LinkedInLinkedIn Sales Solutions
 
The Six Imperatives of Digital Selling Success by Mike Kunkle
The Six Imperatives of Digital Selling Success by Mike KunkleThe Six Imperatives of Digital Selling Success by Mike Kunkle
The Six Imperatives of Digital Selling Success by Mike KunkleMike Kunkle
 
the six steps to social selling success
the six steps to social selling successthe six steps to social selling success
the six steps to social selling successMike Kunkle
 
How to Become a Thought Leader in Your Niche
How to Become a Thought Leader in Your NicheHow to Become a Thought Leader in Your Niche
How to Become a Thought Leader in Your NicheLeslie Samuel
 

Andere mochten auch (9)

Key Digital Trends for 2017
Key Digital Trends for 2017Key Digital Trends for 2017
Key Digital Trends for 2017
 
Sales connect London presentation JLL
Sales connect London presentation JLLSales connect London presentation JLL
Sales connect London presentation JLL
 
Results Social Selling Q2 - Europe - external v2
Results Social Selling Q2 - Europe - external v2Results Social Selling Q2 - Europe - external v2
Results Social Selling Q2 - Europe - external v2
 
The Science of Social Selling: Measuring Adoption and Results With LinkedIn
The Science of Social Selling: Measuring Adoption and Results With LinkedInThe Science of Social Selling: Measuring Adoption and Results With LinkedIn
The Science of Social Selling: Measuring Adoption and Results With LinkedIn
 
The Science of Social Selling: Measuring Adoption and Results with LinkedIn
The Science of Social Selling: Measuring Adoption and Results with LinkedInThe Science of Social Selling: Measuring Adoption and Results with LinkedIn
The Science of Social Selling: Measuring Adoption and Results with LinkedIn
 
Measuring the ROI of Social Selling
Measuring the ROI of Social SellingMeasuring the ROI of Social Selling
Measuring the ROI of Social Selling
 
The Six Imperatives of Digital Selling Success by Mike Kunkle
The Six Imperatives of Digital Selling Success by Mike KunkleThe Six Imperatives of Digital Selling Success by Mike Kunkle
The Six Imperatives of Digital Selling Success by Mike Kunkle
 
the six steps to social selling success
the six steps to social selling successthe six steps to social selling success
the six steps to social selling success
 
How to Become a Thought Leader in Your Niche
How to Become a Thought Leader in Your NicheHow to Become a Thought Leader in Your Niche
How to Become a Thought Leader in Your Niche
 

Ähnlich wie Social selling research

The ultimate guide_getting_started_with_social_selling (1)
The ultimate guide_getting_started_with_social_selling (1)The ultimate guide_getting_started_with_social_selling (1)
The ultimate guide_getting_started_with_social_selling (1)David Blake
 
The_Ultimate_Guide_Getting_Started_With_Social_Selling
The_Ultimate_Guide_Getting_Started_With_Social_SellingThe_Ultimate_Guide_Getting_Started_With_Social_Selling
The_Ultimate_Guide_Getting_Started_With_Social_SellingChanning Crowell
 
Whitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingWhitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingDaniel Howard
 
Whitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingWhitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingJen Fiocca
 
whitepaper-definitive-guide-social-selling
whitepaper-definitive-guide-social-sellingwhitepaper-definitive-guide-social-selling
whitepaper-definitive-guide-social-sellingHank Burr
 
Social media & sales Quota
Social media & sales QuotaSocial media & sales Quota
Social media & sales QuotaJen Fiocca
 
LinkedIn Whitepaper: How Sales Teams Can Build Pipeline Faster
LinkedIn Whitepaper: How Sales Teams Can Build Pipeline FasterLinkedIn Whitepaper: How Sales Teams Can Build Pipeline Faster
LinkedIn Whitepaper: How Sales Teams Can Build Pipeline FasterRobert Koehler
 
Major trends and development in social media marketing v2
Major trends and development in social media marketing v2Major trends and development in social media marketing v2
Major trends and development in social media marketing v2Aventis School of Management
 
How Lead Generation has Changed in 2017
How Lead Generation has Changed in 2017How Lead Generation has Changed in 2017
How Lead Generation has Changed in 2017Peter Caddick
 
10 Key Benefits of Working Social for Sales Leaders
10 Key Benefits of Working Social for Sales Leaders10 Key Benefits of Working Social for Sales Leaders
10 Key Benefits of Working Social for Sales LeadersJim Claussen
 
How to Qualify Leads via Social Media
How to Qualify Leads via Social MediaHow to Qualify Leads via Social Media
How to Qualify Leads via Social MediaWilliam Mathurai
 
How to Qualify Leads via Social Media
How to Qualify Leads via Social MediaHow to Qualify Leads via Social Media
How to Qualify Leads via Social MediaMatt Weeks
 
How to Qualify Leads via Social Media
How to Qualify Leads via Social MediaHow to Qualify Leads via Social Media
How to Qualify Leads via Social MediaGrant Bentley
 
Aberdeen paper-02-05-14
Aberdeen paper-02-05-14Aberdeen paper-02-05-14
Aberdeen paper-02-05-14Jen Fiocca
 
How advocate marketing boosts lead to-revenue management
How advocate marketing boosts lead to-revenue managementHow advocate marketing boosts lead to-revenue management
How advocate marketing boosts lead to-revenue managementInfluitive
 
Solving-Sales-and-Marketing-Alignment.pdf
Solving-Sales-and-Marketing-Alignment.pdfSolving-Sales-and-Marketing-Alignment.pdf
Solving-Sales-and-Marketing-Alignment.pdfCharbelRahme2
 
solving-sales-and-marketing-alignment
solving-sales-and-marketing-alignmentsolving-sales-and-marketing-alignment
solving-sales-and-marketing-alignmentCarola van der Linden
 
Linked in e-book_7_ways_sales_professionals_drive_revenue_with_social selling
Linked in e-book_7_ways_sales_professionals_drive_revenue_with_social sellingLinked in e-book_7_ways_sales_professionals_drive_revenue_with_social selling
Linked in e-book_7_ways_sales_professionals_drive_revenue_with_social sellingSascha Ambrose
 

Ähnlich wie Social selling research (20)

SSI eBook
SSI eBookSSI eBook
SSI eBook
 
The ultimate guide_getting_started_with_social_selling (1)
The ultimate guide_getting_started_with_social_selling (1)The ultimate guide_getting_started_with_social_selling (1)
The ultimate guide_getting_started_with_social_selling (1)
 
The_Ultimate_Guide_Getting_Started_With_Social_Selling
The_Ultimate_Guide_Getting_Started_With_Social_SellingThe_Ultimate_Guide_Getting_Started_With_Social_Selling
The_Ultimate_Guide_Getting_Started_With_Social_Selling
 
Whitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingWhitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-selling
 
Whitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingWhitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-selling
 
whitepaper-definitive-guide-social-selling
whitepaper-definitive-guide-social-sellingwhitepaper-definitive-guide-social-selling
whitepaper-definitive-guide-social-selling
 
Social media & sales Quota
Social media & sales QuotaSocial media & sales Quota
Social media & sales Quota
 
LinkedIn Whitepaper: How Sales Teams Can Build Pipeline Faster
LinkedIn Whitepaper: How Sales Teams Can Build Pipeline FasterLinkedIn Whitepaper: How Sales Teams Can Build Pipeline Faster
LinkedIn Whitepaper: How Sales Teams Can Build Pipeline Faster
 
Major trends and development in social media marketing v2
Major trends and development in social media marketing v2Major trends and development in social media marketing v2
Major trends and development in social media marketing v2
 
How Lead Generation has Changed in 2017
How Lead Generation has Changed in 2017How Lead Generation has Changed in 2017
How Lead Generation has Changed in 2017
 
Social value benchmark
Social value benchmarkSocial value benchmark
Social value benchmark
 
10 Key Benefits of Working Social for Sales Leaders
10 Key Benefits of Working Social for Sales Leaders10 Key Benefits of Working Social for Sales Leaders
10 Key Benefits of Working Social for Sales Leaders
 
How to Qualify Leads via Social Media
How to Qualify Leads via Social MediaHow to Qualify Leads via Social Media
How to Qualify Leads via Social Media
 
How to Qualify Leads via Social Media
How to Qualify Leads via Social MediaHow to Qualify Leads via Social Media
How to Qualify Leads via Social Media
 
How to Qualify Leads via Social Media
How to Qualify Leads via Social MediaHow to Qualify Leads via Social Media
How to Qualify Leads via Social Media
 
Aberdeen paper-02-05-14
Aberdeen paper-02-05-14Aberdeen paper-02-05-14
Aberdeen paper-02-05-14
 
How advocate marketing boosts lead to-revenue management
How advocate marketing boosts lead to-revenue managementHow advocate marketing boosts lead to-revenue management
How advocate marketing boosts lead to-revenue management
 
Solving-Sales-and-Marketing-Alignment.pdf
Solving-Sales-and-Marketing-Alignment.pdfSolving-Sales-and-Marketing-Alignment.pdf
Solving-Sales-and-Marketing-Alignment.pdf
 
solving-sales-and-marketing-alignment
solving-sales-and-marketing-alignmentsolving-sales-and-marketing-alignment
solving-sales-and-marketing-alignment
 
Linked in e-book_7_ways_sales_professionals_drive_revenue_with_social selling
Linked in e-book_7_ways_sales_professionals_drive_revenue_with_social sellingLinked in e-book_7_ways_sales_professionals_drive_revenue_with_social selling
Linked in e-book_7_ways_sales_professionals_drive_revenue_with_social selling
 

Mehr von Andy Kellam

Sales Navigator Quick Start
Sales Navigator Quick StartSales Navigator Quick Start
Sales Navigator Quick StartAndy Kellam
 
Social Buyers Outline from IDC
Social Buyers Outline from IDC Social Buyers Outline from IDC
Social Buyers Outline from IDC Andy Kellam
 
The Future of Enterprises - Social by Birth
The Future of Enterprises - Social by BirthThe Future of Enterprises - Social by Birth
The Future of Enterprises - Social by BirthAndy Kellam
 
Paypal case study
Paypal case studyPaypal case study
Paypal case studyAndy Kellam
 
The consensus sale
The consensus saleThe consensus sale
The consensus saleAndy Kellam
 
Getting in early: shaping demand through pre-funnel engagement
Getting in early: shaping demand through pre-funnel engagementGetting in early: shaping demand through pre-funnel engagement
Getting in early: shaping demand through pre-funnel engagementAndy Kellam
 

Mehr von Andy Kellam (6)

Sales Navigator Quick Start
Sales Navigator Quick StartSales Navigator Quick Start
Sales Navigator Quick Start
 
Social Buyers Outline from IDC
Social Buyers Outline from IDC Social Buyers Outline from IDC
Social Buyers Outline from IDC
 
The Future of Enterprises - Social by Birth
The Future of Enterprises - Social by BirthThe Future of Enterprises - Social by Birth
The Future of Enterprises - Social by Birth
 
Paypal case study
Paypal case studyPaypal case study
Paypal case study
 
The consensus sale
The consensus saleThe consensus sale
The consensus sale
 
Getting in early: shaping demand through pre-funnel engagement
Getting in early: shaping demand through pre-funnel engagementGetting in early: shaping demand through pre-funnel engagement
Getting in early: shaping demand through pre-funnel engagement
 

Kürzlich hochgeladen

8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCRashishs7044
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africaictsugar
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfRbc Rbcua
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfJos Voskuil
 
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFChandresh Chudasama
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessSeta Wicaksana
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menzaictsugar
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyotictsugar
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCRashishs7044
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Seta Wicaksana
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchirictsugar
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...ssuserf63bd7
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...ictsugar
 

Kürzlich hochgeladen (20)

8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africa
 
Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information TechnologyCorporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdf
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
 
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDF
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
 
Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
 

Social selling research

  • 1. Robert Koehler Sales Performance Consultant LinkedIn LinkedIn Confidential ©2013 All Rights Reserved Social Selling Research
  • 2. “Best-in-Class sales reps (reps that deployed social selling) companies saw a 16.3% average year-over- year increase in total company revenue, compared to a 4.1% increase for the Industry Average and a 8.7% decrease among Laggards” “Social Selling: Best-in-Class Targeting of the Right Message, at the Right Time, for the Right Person” Aberdeen Group, July 2012. LinkedIn Confidential ©2013 All Rights Reserved 2
  • 3. “Sales professionals are 79% more likely to attain their quota than those that don’t use social selling” Aberdeen Group, May 2012. LinkedIn Confidential ©2013 All Rights Reserved 3
  • 4. ORGANIZATION NAME Aberdeen Research Brief Social Selling Research I In April and May 2012, Aberdeen Research surveyed 173 end-user sales organizations to understand how the top performers among them use Social Media. They used performance metrics to differentiate between Best-In-Class (top 20%), Industry Average (middle 50%) and Laggard (bottom 30%). What they found:  Reps achieving quota in last calendar or fiscal year: BIC=79%, Ind Avg= 43%, Laggards= 15%  YOY increase in total company revenue. BIC= 16.3% incr., Ind Avg= 4.1%, Laggards= 8.7% decline  YOY increase in average deal size or contract value: 0.7%, Ind Avg= 1.7% increase, Laggards= 6.6% decline  Average sales cycle: BIC=0.7%, Ind Avg= 0.2%, Laggards= 5.3% 4
  • 5. ORGANIZATION NAME Aberdeen Research Brief Social Selling Research In Best of Class companies, 70% of respondents engage customers through personalized social experiences “Keeping sales professionals engaged by providing them with not only the most contemporary social tools, but also with proof that they are effective, is surely a welcome sales enablement best practice” 5
  • 6. ORGANIZATION NAME Social Selling Research  Two out of three CXO level decision makers want to engage digitally vs. in person with sales (Sirius Decisions Summit, Scottsdale 2012) LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
  • 7. ORGANIZATION NAME Social Selling Research SBI conducted over 12,500 Buyer Surveys last year across 19 different industries. We’ve synthesized the output into our Annual Research Project. (August 20, 2012)  In almost 75% of sales situations, your Customer would prefer not to spend time meeting face to face. Our research shows they want to engage virtually. Why aren’t you making it easy for them?  By eliminating travel time, your sales force can become up to 150% more efficient  You are no longer a slave to geography, and can re-align your team by vertical, by tier, or by type of product sold  Inside Sales drives Customer Acquisition Cost (CAC) out of your business model, which increases your profitability and may even allow you to re-evaluate your Average Sales Price (ASP) so you can gain entry into the marketplace at a more attractive point. How much does your outside sales force add to your costs? LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
  • 8. ORGANIZATION NAME Social Selling Research  As noted in the recent Harvard Business Review article, “Tweet Me, Friend Me, Make Me Buy”, “more than 90% of C-level executives said they ‘never’ respond to cold calls or e-mail blasts,” but sales people are seeing a high rate of response to social media (www.ASTD.org, August 13 2012) LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
  • 9. ORGANIZATION NAME Social Selling Research Frost & Sullivan 2011 Sales Leadership Priorities Survey Results; 119 sales executives in North & South America http://www.frost.com/prod/servlet/cio/234345213  Top challenge: Identifying and qualifying high-potential prospects (36%) LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
  • 10. ORGANIZATION NAME What is social selling?  That is what social selling really means. ~80% of purchase decisions are based on recommendations. You need to be part of that "recommendation Chain". If you and your products are not recommended, you need to settle for the 20% of the deals that where based only on price or other random mechanism you have no control over.  In other words, here is my definition of social selling: "Social selling is a sales technique, leveraging social media, to get and maintain a 360 degree picture of the clients and their influencer on an ongoing basis. It allows sales people to manage and maintain 5 times as many active customers compared to traditional techniques. Social selling allows an average sales person to become a top performer simply by using tools and techniques that allows them to socialize in a way that was only accessible to the top sales guard in  Source: Axel Schultze, www.customerthink.com, October 23, 2009 (also Chairman of the Social Media Academy) LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
  • 11. ORGANIZATION NAME Sales tool that provide insight about prospects see results Businesses that invest in sales tools to provide more insight about prospects see results:  71% year over year improvement in sales cycle time  51% year over year improvement in lead conversion rates  54% year over year improvement in the percent of sales reps achieving quota Source: Aberdeen Group, Sales Intelligence: The Secret to Sales Nirvana, January 2009 LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
  • 12. ORGANIZATION NAME The New Buying Process “Buyers aren’t just more informed, they’re busier. A 2012 survey by International Data Corporation found that B2B technology buyers receive an average of 6 phone calls and 14 emails per day from vendors. Since they’re inundated with data and sales pitches, it’s not surprising that the IDC’s respondents return a paltry 10.5% of phone calls and 9% of emails from new vendors. Now that informed buyers can thoroughly research their own options, a call from a new sales representative can be more of a nuisance than a service” “The number of people involved in a large technology purchase increased from five in 2010 to seven in 2012”. Hootsuite blog, February 28, 2013 LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
  • 13. ORGANIZATION NAME The Rise of Social Selling_Sales Benchmark Index http://www.salesbenchmarkindex.com/bid/100894/The-Rise-of-Social-Selling August 14, 2013  4.4% - email open rates (source: Google). Batch and blast email campaigns don’t work. Your buyers (and you) are saturated with emails every day. If you think you can outshout hundreds of others via email, good luck.  1-3% - cold calling appointment rate (source: American Association for Inside Sales Professionals). When was the last time you answered your desk phone? An unknown call to your mobile phone? If you’re spending on tele-prospecting, you’re better off throwing it out the window.  84% - # of B2B decision makers who begin their buying process with a referral (source: Edelman Trust Barometer). Ask yourself what you did the last time you entered the market with a need. Maybe a new sales or marketing leader. A potential venture capital or private equity firm. Did you take a cold call? Respond to a recruiter’s email? Or, did you pick up the phone and call someone you know for help? LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions
  • 14. ORGANIZATION NAMELinkedIn Confidential ©2013 All Rights Reserved 14
  • 15. ORGANIZATION NAME Evolve IP www.evolveip.net LinkedIn Confidential ©2013 All Rights Reserved 15
  • 16. ORGANIZATION NAME “80% of sales leads are wasted and 80% of sales time is spent cold- calling and prospecting” “30% of sales reps turn over every year” LinkedIn Confidential ©2013 All Rights Reserved LinkedIn Sales Solutions