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Selling in a Social World: What the Management Team Needs to Know to Succeed with Today's Customers Anneke Seley CEO, Reality Works Group, formerly Phone Works, Coauthor, Sales 2.0
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Today’s Customer
Justin Davison
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B2B Customers are using social media to make buying decisions. Sales teams need to be engaged to find these prospects.
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Customer Buying Behavior
Time
Leve
l of b
uyer
act
ivity
“ We have a project”
“ We’ve made a decision”
“I’m just browsing”
“ We’ve shortlisted vendors”
Awareness Consideration Purchase
“I’m just downloading stuff”
70% of the buyer’s journey is complete before it gets to sales.
Sirius Decisions
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From 2011 TeleWeb Buyer Preference Study
Market Insights
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Today’s Sales Leaders
Dave Spencer Global Vice President, Cloud Sales, SAP
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Seven Factors Driving Change
1. Changing communications preferences
2. Shifting power from sales to customers
3. Rising cost of sales
4. Customer demand for CSR
5. Different markets, different economics
6. Decreasing sales effectiveness
7. Increased demand for trust
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How Must Selling Change?
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Social Selling
A measurably more efficient and effective way of engagement for both the buyer and the seller enabled through social media technology.
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25% Annual Quota
Dan Harding, Social Sales Rep
80% of [Dan’s] qualified leads now come from referrals, social networking and social media.
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Very Large Social Sales Company
0 to over 1,000 target audience connections in first 4 weeks
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Start-Up Social Sales Company
30% revenue and 95% of pipeline from social selling
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Obstacles to Success
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How do you make sense of all of this?
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√ Connections
News
Right Person
Right Message
Right Time
Company Info People
Industry Insights Competition
Social Buzz SME & Analyst Reports
CRM
Harness Social Sales Intelligence
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� Company Info
� News Alerts
� Social Profiles
� Social Buzz
� Financials
� Family Tree
� Industry Profiles
� Connections
� List Building
No more cold calls
News alerts & trigger events
Account-specific social insights
Use cases with SAP Sales OnDemand & InsideView
Embed Social Selling into Sales Tools
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Mine Corporate Social Connections Leverage your internal “relationship assets” to find warm connections to prospects
Find contacts and connections you didn’t know existed
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It’s about People, Not Contacts
• Follow companies and people of Interest
• Learn their interests and issues
• Build Trust more quickly
• Engage in Social Conversations from within InsideView and SAP Sales OnDemand
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Take Action & Engage Convert social intelligence into meaningful conversations
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How To Get Started?
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Social Selling Strategy & Implementation Plan
What is the purpose/objective?
Where in the sales cycle?
Integration with marketing?
What is the measurable goal and by when?
How to roll out/execute?
Can use outside consulting expert for help
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Key Take-Aways
A new way of customer engagement is here…
…with real and demonstrable ROI
Now is the time to implement Social Selling
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+1 510 749 9073 @annekeseley
sales20book.com realityworksgroup.com