SlideShare ist ein Scribd-Unternehmen logo
1 von 2
Downloaden Sie, um offline zu lesen
4/8/2014 – LinkedIn Post
The Science of Sales: Quantifying
Relationship Selling
Since starting my career in sales, I have always been diligent about tracking my
prospecting activity. This has been critical to my success over the years, as it’s
impossible to optimize efforts unless you have a firm understanding about what is
moving the needle.
Sales Transformation - Shortly after the economic downturn in 2007, I began to notice
a sharp decline in my success prospecting for new leads. While cold outreach (calls,
emails) had always been a numbers game, I found that these techniques were no
longer effective enough to justify the time I was investing in them. There were plenty of
weeks that I would reach out to 200 different decision makers, only to schedule just two
or three meetings. Seeking an alternative, I pivoted to a relationship/social selling
strategy and quickly saw a significant increase in my prospecting metrics.
It wasn’t until I started working at LinkedIn that I was able to capitalize on the full
potential of relationship selling. While at other organizations I relied on my personal
network for introductions to new clients, this only scratched the surface. LinkedIn’s new
business strategy is heavily focused on team-selling, as all of LinkedIn’s employees are
encouraged to provide leverage by opening up their networks to help sales reps
penetrate new accounts.
Relationships - At LinkedIn, the process for mining warm introductions from colleagues
is automated. LinkedIn’s sales team uses a tool called TeamLink, which exposes who
else within our company has a relationship to any prospect, lead or customer. This
means that in addition my own relationships, I am also mining the hundreds-of-
thousands of relationships that exist throughout the networks of my co-workers’.
When I secure a meeting through one of these warm introductions, I like to ask the
Decision Maker if they would have responded to me if I had reached out directly through
a cold call or email, without the help of someone they already knew and trusted. Almost
without exception, the answer to this question is “not a chance.”
Tracking the New Strategy - As I have tracked the metrics associated with relationship
selling using warm introductions, it’s easy to see that the strategy has been wildly
successful. The graphic below breaks down the source of all of my new-business deals
and revenue, revealing the game-changing impact that all of these warm introductions
are having on my sales numbers.
What is particularly compelling about these numbers is that all of these warm
introductions are not only allowing me to easily get in the door with decision makers, but
they are having an impact throughout the sales process. By engaging buyers through a
common relationship, I have been able to more quickly build trust with the buyer,
resulting in shorter sales cycles and significantly higher order values.
Prospecting and lead generation is really difficult. If you are a leader in sales or
marketing, consider all of the missed opportunities by not addressing warm
introductions as a critical lead generation channel. As you can see from the data above,
by successfully implementing a team selling strategy you might find that your single
greatest source of new leads could come from untapped relationships that already exist
across your organization.

Weitere ähnliche Inhalte

Was ist angesagt?

Social Fresh Tampa 2011: Revolutionizing Corporate Communication w/ Paula Berg
Social Fresh Tampa 2011: Revolutionizing Corporate Communication w/ Paula BergSocial Fresh Tampa 2011: Revolutionizing Corporate Communication w/ Paula Berg
Social Fresh Tampa 2011: Revolutionizing Corporate Communication w/ Paula BergSocial Fresh Conference
 
What is Traackr?
What is Traackr?What is Traackr?
What is Traackr?Traackr
 
Smarketing - Sales and Marketing Cooperation is Doable and Powerful
Smarketing  - Sales and Marketing Cooperation is Doable and PowerfulSmarketing  - Sales and Marketing Cooperation is Doable and Powerful
Smarketing - Sales and Marketing Cooperation is Doable and PowerfulJay Baer
 
BTAS 2016 Conference
BTAS 2016 ConferenceBTAS 2016 Conference
BTAS 2016 ConferenceLarry Levine
 
From Social Media Benchmarks to ROI: How to Begin with the End on Mind
From Social Media Benchmarks to ROI: How to Begin with the End on MindFrom Social Media Benchmarks to ROI: How to Begin with the End on Mind
From Social Media Benchmarks to ROI: How to Begin with the End on MindLightspan Digital
 
Social Selling - An Introduction
Social Selling - An Introduction Social Selling - An Introduction
Social Selling - An Introduction Sani Leino
 
5 Ways Influencers Help You Sell (Social Selling)
5 Ways Influencers Help You Sell (Social Selling)5 Ways Influencers Help You Sell (Social Selling)
5 Ways Influencers Help You Sell (Social Selling)Traackr
 
Social media for agencies 2013
Social media for agencies 2013Social media for agencies 2013
Social media for agencies 2013Lightspan Digital
 
10 Steps To Make Your Email Marketing A Success.
10 Steps To Make Your Email Marketing A Success. 10 Steps To Make Your Email Marketing A Success.
10 Steps To Make Your Email Marketing A Success. Futuready Media
 
Social Selling Index: Measure Your Social Selling & Drive More Pipeline
Social Selling Index: Measure Your Social Selling & Drive More PipelineSocial Selling Index: Measure Your Social Selling & Drive More Pipeline
Social Selling Index: Measure Your Social Selling & Drive More PipelineSimone Van Cleve
 
Social Selling University - Selling to Crazy Busy Prospects - Jill Konrath
Social Selling University - Selling to Crazy Busy Prospects - Jill KonrathSocial Selling University - Selling to Crazy Busy Prospects - Jill Konrath
Social Selling University - Selling to Crazy Busy Prospects - Jill KonrathInsideView
 
10 Tips for Modern Marketers to Thrive
10 Tips for Modern Marketers to Thrive10 Tips for Modern Marketers to Thrive
10 Tips for Modern Marketers to ThriveTraackr
 
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
 
Danielle Herzberg of HubSpot: "From Lead to Sale: How to Increase Program Sig...
Danielle Herzberg of HubSpot: "From Lead to Sale: How to Increase Program Sig...Danielle Herzberg of HubSpot: "From Lead to Sale: How to Increase Program Sig...
Danielle Herzberg of HubSpot: "From Lead to Sale: How to Increase Program Sig...GoOvereas
 
9/23 Social Media Jumpstart: Keeping your social media plan, simple, searchab...
9/23 Social Media Jumpstart: Keeping your social media plan, simple, searchab...9/23 Social Media Jumpstart: Keeping your social media plan, simple, searchab...
9/23 Social Media Jumpstart: Keeping your social media plan, simple, searchab...Erin Murphy
 
Social Media & Motivations
Social Media & MotivationsSocial Media & Motivations
Social Media & MotivationsMotiveQuest LLC
 
From silicon valley to singapore
From silicon valley to singaporeFrom silicon valley to singapore
From silicon valley to singaporeKrishna Zulkarnain
 
11 REASONS TO BE EXCITED ABOUT WHAT YOU’LL LEARN AT CONTENT JAM
11 REASONS TO BE EXCITED ABOUT WHAT YOU’LL LEARN AT CONTENT JAM11 REASONS TO BE EXCITED ABOUT WHAT YOU’LL LEARN AT CONTENT JAM
11 REASONS TO BE EXCITED ABOUT WHAT YOU’LL LEARN AT CONTENT JAMLightspan Digital
 
Sales and Marketing Alignment: Collaborate or Die Trying
Sales and Marketing Alignment: Collaborate or Die TryingSales and Marketing Alignment: Collaborate or Die Trying
Sales and Marketing Alignment: Collaborate or Die TryingClarity Quest Marketing
 

Was ist angesagt? (20)

Social Fresh Tampa 2011: Revolutionizing Corporate Communication w/ Paula Berg
Social Fresh Tampa 2011: Revolutionizing Corporate Communication w/ Paula BergSocial Fresh Tampa 2011: Revolutionizing Corporate Communication w/ Paula Berg
Social Fresh Tampa 2011: Revolutionizing Corporate Communication w/ Paula Berg
 
What is Traackr?
What is Traackr?What is Traackr?
What is Traackr?
 
Smarketing - Sales and Marketing Cooperation is Doable and Powerful
Smarketing  - Sales and Marketing Cooperation is Doable and PowerfulSmarketing  - Sales and Marketing Cooperation is Doable and Powerful
Smarketing - Sales and Marketing Cooperation is Doable and Powerful
 
BTAS 2016 Conference
BTAS 2016 ConferenceBTAS 2016 Conference
BTAS 2016 Conference
 
From Social Media Benchmarks to ROI: How to Begin with the End on Mind
From Social Media Benchmarks to ROI: How to Begin with the End on MindFrom Social Media Benchmarks to ROI: How to Begin with the End on Mind
From Social Media Benchmarks to ROI: How to Begin with the End on Mind
 
Social Selling - An Introduction
Social Selling - An Introduction Social Selling - An Introduction
Social Selling - An Introduction
 
5 Ways Influencers Help You Sell (Social Selling)
5 Ways Influencers Help You Sell (Social Selling)5 Ways Influencers Help You Sell (Social Selling)
5 Ways Influencers Help You Sell (Social Selling)
 
Social media for agencies 2013
Social media for agencies 2013Social media for agencies 2013
Social media for agencies 2013
 
10 Steps To Make Your Email Marketing A Success.
10 Steps To Make Your Email Marketing A Success. 10 Steps To Make Your Email Marketing A Success.
10 Steps To Make Your Email Marketing A Success.
 
Social Selling Index: Measure Your Social Selling & Drive More Pipeline
Social Selling Index: Measure Your Social Selling & Drive More PipelineSocial Selling Index: Measure Your Social Selling & Drive More Pipeline
Social Selling Index: Measure Your Social Selling & Drive More Pipeline
 
Social Selling University - Selling to Crazy Busy Prospects - Jill Konrath
Social Selling University - Selling to Crazy Busy Prospects - Jill KonrathSocial Selling University - Selling to Crazy Busy Prospects - Jill Konrath
Social Selling University - Selling to Crazy Busy Prospects - Jill Konrath
 
10 Tips for Modern Marketers to Thrive
10 Tips for Modern Marketers to Thrive10 Tips for Modern Marketers to Thrive
10 Tips for Modern Marketers to Thrive
 
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
 
Danielle Herzberg of HubSpot: "From Lead to Sale: How to Increase Program Sig...
Danielle Herzberg of HubSpot: "From Lead to Sale: How to Increase Program Sig...Danielle Herzberg of HubSpot: "From Lead to Sale: How to Increase Program Sig...
Danielle Herzberg of HubSpot: "From Lead to Sale: How to Increase Program Sig...
 
9/23 Social Media Jumpstart: Keeping your social media plan, simple, searchab...
9/23 Social Media Jumpstart: Keeping your social media plan, simple, searchab...9/23 Social Media Jumpstart: Keeping your social media plan, simple, searchab...
9/23 Social Media Jumpstart: Keeping your social media plan, simple, searchab...
 
Social Media & Motivations
Social Media & MotivationsSocial Media & Motivations
Social Media & Motivations
 
From silicon valley to singapore
From silicon valley to singaporeFrom silicon valley to singapore
From silicon valley to singapore
 
11 REASONS TO BE EXCITED ABOUT WHAT YOU’LL LEARN AT CONTENT JAM
11 REASONS TO BE EXCITED ABOUT WHAT YOU’LL LEARN AT CONTENT JAM11 REASONS TO BE EXCITED ABOUT WHAT YOU’LL LEARN AT CONTENT JAM
11 REASONS TO BE EXCITED ABOUT WHAT YOU’LL LEARN AT CONTENT JAM
 
Influencer
InfluencerInfluencer
Influencer
 
Sales and Marketing Alignment: Collaborate or Die Trying
Sales and Marketing Alignment: Collaborate or Die TryingSales and Marketing Alignment: Collaborate or Die Trying
Sales and Marketing Alignment: Collaborate or Die Trying
 

Ähnlich wie Quantifying relationship selling

Social Selling: Thought Provoking Insights That Go Beyond the Latest Trends
Social Selling: Thought Provoking Insights That Go Beyond the Latest TrendsSocial Selling: Thought Provoking Insights That Go Beyond the Latest Trends
Social Selling: Thought Provoking Insights That Go Beyond the Latest TrendsGretchen Lehman
 
How to Move Your Team to Social Selling
How to Move Your Team to Social SellingHow to Move Your Team to Social Selling
How to Move Your Team to Social SellingJen Fiocca
 
Business Breakthrough
Business BreakthroughBusiness Breakthrough
Business BreakthroughTony Porter
 
Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...VereigenMedia1
 
How to Drive 10X More Leads with Social Selling
How to Drive 10X More Leads with Social SellingHow to Drive 10X More Leads with Social Selling
How to Drive 10X More Leads with Social SellingMohamed Mahdy
 
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling Experts
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling ExpertsLinkedIN Guide to Social Selling Success - Tips from 33 Social Selling Experts
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling ExpertsChris Heffer
 
Nurturing Best Practices for Demand Gen
Nurturing Best Practices for Demand GenNurturing Best Practices for Demand Gen
Nurturing Best Practices for Demand GenAsad Haroon
 
2014 Sales Industry Predictions to Sell Smarter in 2014
2014 Sales Industry Predictions to Sell Smarter in 20142014 Sales Industry Predictions to Sell Smarter in 2014
2014 Sales Industry Predictions to Sell Smarter in 2014Velocify
 
Moving from NOW to NEXT in the Marketing of Insights
Moving from NOW to NEXT in the Marketing of Insights Moving from NOW to NEXT in the Marketing of Insights
Moving from NOW to NEXT in the Marketing of Insights FortuneCMO, LLC
 
Gaining Understanding Of Making Multilevel Marketing Successful
Gaining Understanding Of Making Multilevel Marketing SuccessfulGaining Understanding Of Making Multilevel Marketing Successful
Gaining Understanding Of Making Multilevel Marketing SuccessfulLilly Berger
 
Gaining Understanding Of Making Multilevel Marketing Successful
Gaining Understanding Of Making Multilevel Marketing SuccessfulGaining Understanding Of Making Multilevel Marketing Successful
Gaining Understanding Of Making Multilevel Marketing Successfulgetpaidtoclickads
 
Social Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought LeadersSocial Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought LeadersJill Sida
 
Welcome to the Social Selling Era - B2B Connect 2015
Welcome to the Social Selling Era - B2B Connect 2015Welcome to the Social Selling Era - B2B Connect 2015
Welcome to the Social Selling Era - B2B Connect 2015LinkedIn
 
Best Practices for B2B Lead Nurturing
Best Practices for B2B Lead NurturingBest Practices for B2B Lead Nurturing
Best Practices for B2B Lead NurturingMatt Weeks
 
Best Practices for B2B Lead Nurturing
Best Practices for B2B Lead NurturingBest Practices for B2B Lead Nurturing
Best Practices for B2B Lead NurturingWilliam Mathurai
 
Best Practices for B2B Lead Nurturing
Best Practices for B2B Lead NurturingBest Practices for B2B Lead Nurturing
Best Practices for B2B Lead NurturingGrant Bentley
 
Lead Generation in the Social Media Age
Lead Generation in the Social Media AgeLead Generation in the Social Media Age
Lead Generation in the Social Media AgeNathanial Bibby
 

Ähnlich wie Quantifying relationship selling (20)

Social Selling: Thought Provoking Insights That Go Beyond the Latest Trends
Social Selling: Thought Provoking Insights That Go Beyond the Latest TrendsSocial Selling: Thought Provoking Insights That Go Beyond the Latest Trends
Social Selling: Thought Provoking Insights That Go Beyond the Latest Trends
 
How to Move Your Team to Social Selling
How to Move Your Team to Social SellingHow to Move Your Team to Social Selling
How to Move Your Team to Social Selling
 
Practitioner-eBook-May-2015
Practitioner-eBook-May-2015Practitioner-eBook-May-2015
Practitioner-eBook-May-2015
 
Business Breakthrough
Business BreakthroughBusiness Breakthrough
Business Breakthrough
 
Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...
 
How to Drive 10X More Leads with Social Selling
How to Drive 10X More Leads with Social SellingHow to Drive 10X More Leads with Social Selling
How to Drive 10X More Leads with Social Selling
 
B2B sales process
 B2B sales process   B2B sales process
B2B sales process
 
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling Experts
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling ExpertsLinkedIN Guide to Social Selling Success - Tips from 33 Social Selling Experts
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling Experts
 
Nurturing Best Practices for Demand Gen
Nurturing Best Practices for Demand GenNurturing Best Practices for Demand Gen
Nurturing Best Practices for Demand Gen
 
2014 Sales Industry Predictions to Sell Smarter in 2014
2014 Sales Industry Predictions to Sell Smarter in 20142014 Sales Industry Predictions to Sell Smarter in 2014
2014 Sales Industry Predictions to Sell Smarter in 2014
 
Moving from NOW to NEXT in the Marketing of Insights
Moving from NOW to NEXT in the Marketing of Insights Moving from NOW to NEXT in the Marketing of Insights
Moving from NOW to NEXT in the Marketing of Insights
 
Gaining Understanding Of Making Multilevel Marketing Successful
Gaining Understanding Of Making Multilevel Marketing SuccessfulGaining Understanding Of Making Multilevel Marketing Successful
Gaining Understanding Of Making Multilevel Marketing Successful
 
Gaining Understanding Of Making Multilevel Marketing Successful
Gaining Understanding Of Making Multilevel Marketing SuccessfulGaining Understanding Of Making Multilevel Marketing Successful
Gaining Understanding Of Making Multilevel Marketing Successful
 
Social Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought LeadersSocial Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought Leaders
 
Door To Door Marketing
Door To Door MarketingDoor To Door Marketing
Door To Door Marketing
 
Welcome to the Social Selling Era - B2B Connect 2015
Welcome to the Social Selling Era - B2B Connect 2015Welcome to the Social Selling Era - B2B Connect 2015
Welcome to the Social Selling Era - B2B Connect 2015
 
Best Practices for B2B Lead Nurturing
Best Practices for B2B Lead NurturingBest Practices for B2B Lead Nurturing
Best Practices for B2B Lead Nurturing
 
Best Practices for B2B Lead Nurturing
Best Practices for B2B Lead NurturingBest Practices for B2B Lead Nurturing
Best Practices for B2B Lead Nurturing
 
Best Practices for B2B Lead Nurturing
Best Practices for B2B Lead NurturingBest Practices for B2B Lead Nurturing
Best Practices for B2B Lead Nurturing
 
Lead Generation in the Social Media Age
Lead Generation in the Social Media AgeLead Generation in the Social Media Age
Lead Generation in the Social Media Age
 

Kürzlich hochgeladen

FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756dollysharma2066
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...lizamodels9
 
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876dlhescort
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangaloreamitlee9823
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Dave Litwiller
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...Aggregage
 
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableSeo
 
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort ServiceEluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort ServiceDamini Dixit
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLSeo
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityEric T. Tung
 
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...amitlee9823
 
Call Now ☎️🔝 9332606886🔝 Call Girls ❤ Service In Bhilwara Female Escorts Serv...
Call Now ☎️🔝 9332606886🔝 Call Girls ❤ Service In Bhilwara Female Escorts Serv...Call Now ☎️🔝 9332606886🔝 Call Girls ❤ Service In Bhilwara Female Escorts Serv...
Call Now ☎️🔝 9332606886🔝 Call Girls ❤ Service In Bhilwara Female Escorts Serv...Anamikakaur10
 
Phases of Negotiation .pptx
 Phases of Negotiation .pptx Phases of Negotiation .pptx
Phases of Negotiation .pptxnandhinijagan9867
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Neil Kimberley
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageMatteo Carbone
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMANIlamathiKannappan
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxWorkforce Group
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfAdmir Softic
 

Kürzlich hochgeladen (20)

FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
 
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
 
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
 
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort ServiceEluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
(Anamika) VIP Call Girls Napur Call Now 8617697112 Napur Escorts 24x7
(Anamika) VIP Call Girls Napur Call Now 8617697112 Napur Escorts 24x7(Anamika) VIP Call Girls Napur Call Now 8617697112 Napur Escorts 24x7
(Anamika) VIP Call Girls Napur Call Now 8617697112 Napur Escorts 24x7
 
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
 
Call Now ☎️🔝 9332606886🔝 Call Girls ❤ Service In Bhilwara Female Escorts Serv...
Call Now ☎️🔝 9332606886🔝 Call Girls ❤ Service In Bhilwara Female Escorts Serv...Call Now ☎️🔝 9332606886🔝 Call Girls ❤ Service In Bhilwara Female Escorts Serv...
Call Now ☎️🔝 9332606886🔝 Call Girls ❤ Service In Bhilwara Female Escorts Serv...
 
Phases of Negotiation .pptx
 Phases of Negotiation .pptx Phases of Negotiation .pptx
Phases of Negotiation .pptx
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usage
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 

Quantifying relationship selling

  • 1. 4/8/2014 – LinkedIn Post The Science of Sales: Quantifying Relationship Selling Since starting my career in sales, I have always been diligent about tracking my prospecting activity. This has been critical to my success over the years, as it’s impossible to optimize efforts unless you have a firm understanding about what is moving the needle. Sales Transformation - Shortly after the economic downturn in 2007, I began to notice a sharp decline in my success prospecting for new leads. While cold outreach (calls, emails) had always been a numbers game, I found that these techniques were no longer effective enough to justify the time I was investing in them. There were plenty of weeks that I would reach out to 200 different decision makers, only to schedule just two or three meetings. Seeking an alternative, I pivoted to a relationship/social selling strategy and quickly saw a significant increase in my prospecting metrics. It wasn’t until I started working at LinkedIn that I was able to capitalize on the full potential of relationship selling. While at other organizations I relied on my personal network for introductions to new clients, this only scratched the surface. LinkedIn’s new business strategy is heavily focused on team-selling, as all of LinkedIn’s employees are encouraged to provide leverage by opening up their networks to help sales reps penetrate new accounts. Relationships - At LinkedIn, the process for mining warm introductions from colleagues is automated. LinkedIn’s sales team uses a tool called TeamLink, which exposes who else within our company has a relationship to any prospect, lead or customer. This means that in addition my own relationships, I am also mining the hundreds-of- thousands of relationships that exist throughout the networks of my co-workers’. When I secure a meeting through one of these warm introductions, I like to ask the Decision Maker if they would have responded to me if I had reached out directly through a cold call or email, without the help of someone they already knew and trusted. Almost without exception, the answer to this question is “not a chance.” Tracking the New Strategy - As I have tracked the metrics associated with relationship selling using warm introductions, it’s easy to see that the strategy has been wildly successful. The graphic below breaks down the source of all of my new-business deals
  • 2. and revenue, revealing the game-changing impact that all of these warm introductions are having on my sales numbers. What is particularly compelling about these numbers is that all of these warm introductions are not only allowing me to easily get in the door with decision makers, but they are having an impact throughout the sales process. By engaging buyers through a common relationship, I have been able to more quickly build trust with the buyer, resulting in shorter sales cycles and significantly higher order values. Prospecting and lead generation is really difficult. If you are a leader in sales or marketing, consider all of the missed opportunities by not addressing warm introductions as a critical lead generation channel. As you can see from the data above, by successfully implementing a team selling strategy you might find that your single greatest source of new leads could come from untapped relationships that already exist across your organization.