Social Selling using Data

Business loves the concept of social selling, tapping into the social networks combined with big data to lower the cost per lead and to speed up the sales and marketing process like never before is appealing. The good news for sales and marketing leaders who want to use social selling as a sales tactic is that “Big Data” is now a commodity. The sheer volume of data available to marketers today is staggering including social media insights, CRM data, sales records and web traffic alongside a multitude of other online sources. The adoption of social media by consumers and business buyers alike to buy and build our lives means the quantity of data is growing on a massive scale. To put it into perspective, social media currently accounts for over fifty two Trillion words shared every single day.

social-selling-information

But big data is as valuable to a buyer as it is to a seller. Data is no longer the secret art of the marketing department as access to social data is there for everyone (buyers and sellers) with a few clicks of a mouse. Every minute of everyday companies share content and buyers share purchasing intent. The result in the past few years has seen a major disruption to the whole buyer-supplier relationship. Today potential customers can educate themselves on your products, your company, and people’s perception of you and even compare what the competition is offering without ever having to engage with you. They are doing this on social media forums and many other online sources without speaking to a sales person. Armed with the knowledge that data and social media has changed the way things are bought and sold, marketing and sales management have to utilise two very effective tools, “Big Data” and “Social Selling” to capture more revenue in an ever changing landscape.

Social Selling: Learn to Listen

A wider social selling strategy involves using big data to listen to what the markets are talking about and then share content that will grab their attention. Even basic social selling activity needs to tap into social conversations and content to understand buyer’s motivations. It may seem like a huge task to begin a data listening program but it is easier than you think. A few Google searches will throw up lots of free and paid marketing analytic tools to help you identify potential customers via social media.

Larger companies now use a whole raft of analytical software for data crunching, to get insights into customer behaviour analysis and buyer profiles so that marketing departments can discover answers to questions about the type of buyer who might consider buying from them. Smaller companies can use tools like Hootsuite Free, Socialmention, Twazzup or Addict-O-Matic amongst others to gain deep insights into keyword driven conversations.

Even without software tools, sales and marketing can gleam valuable information via social media conversations, online reviews and forums and then use this to help build connections with potential customers. Tools such as Socialbro, Rivaliq, ripjar and Connectors Marketplace allows sales people or marketing teams to trawl through blogs, social networks,, forums, news and reviews for brand, product or company mentions right down to  specific keywords.

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Big Data Insights for Improved Social Selling

Regardless of whether you are using software or digging around manually, there is no limit to the amount of information that can be gleaned using Big Data as part of your analytic tasks into identifying buyer sets that narrow down your prospect target list. Sales and marketing teams should be looking to gain the following insights from listening to social conversations and the social chatter.

Who is your Buyer: Prospective customers may be spread wide and deep but it is vital a business tries to condense them into “buyer persona’s”. Creating a typical customer with characteristics helps sales and marketing teams to identify, understand, and target. A point to note is buying behaviours varies by category on social media. For example 25% of Facebook and 34% of Twitter users reported buying tech tools or electronic devices after seeing recommendations or shares posted on these social network sites while 75% of B2B buyers now use social media to be more informed on vendors.

 Target Specific Networks: Monitor what your prospects or buyer persona’s are talking about including mentions on your competitors. When it comes to social media, not all platforms are created equal or suit both B2C and B2B. Some social network sites produce higher leads and conversion rates than others. Even if you produce great content and follow all the best guidelines depending on your product or business, some will not perform. Focus in on where you can get higher sales conversions from specific networks as opposed to trying to cover off every one.

Identify Buyer’s Pain Points or Needs: To be successful at social selling you need to use data to discover what needs or product features are trending plus what questions/interests buyers are engaging with online. Part of your content strategy has to mirror these needs, plus when reaching out to potential customers using social selling, remember 90% of buyers never respond to cold calling (because no need has been identified)

What Type of Content do Buyers Engage with: Analyse the networks and data to see what type of content and from what sources do buyers like/read/interact with. It’s all figuring out what content and which information will influence their engagement with vendors

Map the Buyer’s Journey: The buyer’s journey is not changing, it HAS changed. More than any of the other insights that marketing leaders can provide to sales is mapping out the steps a buyer takes from awareness to consideration to purchase. Having the insight into how buyers gather information, what type of content, how they consider vendors, how they like to establish connections and take decisions is the critical data that makes social selling successful.

Using the insights from Big Data and Social Conversations, marketing team can now provide sales with the information, behaviours and likely interest triggers for the buyer persona. Then make social selling work by providing highly relevant content that matches these insights. Also a social selling training should be developed so that sales agents learn how, where, and when to connect with buyers and prospects on the various platforms like LinkedIn, Twitter, Facebook, Tumblr and other relevant social media channels.

It is the ability for sales to reach buyers in a highly personalised way with the right content, with the right context and at the right moment is the key to social selling in the era of Big Data.

Social Data in Sales

Social Data Trumps People in Sales

Today, big data and the use of social data in the sales process trumps people. The reality is that due to changing buying cycles, more educated buyers and the use of social media to source and inform, most sales managers if given the choice between an exceptionally talented sales person or a highly accurate database with deep social insights, then data will trump people nearly every time.

This article is not suggesting for one minute that a sales manager should stop searching or recruiting great sales talent to his or her team. However no matter how good a sales person is, the benefits of providing sales teams with the latest social data, detailed profiles, social media insights and the most accurate information available are telling. Because when it comes to sales performance, an average sales person equipped with better data will outperform a talented sales person who has little or poor data every time.

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To sell successfully today, every piece of detail can matter to win over customers, from social media activity to information management, who is connected to whom, what articles do they read, what they talk about on the social networks, who is the gatekeeper and what messaging do the decision makers like. Each answer to these details relies on having accurate data.

Here are more reasons why data and social data are important.

Data Provides Sales Focus

The instant access to data and social media insights saves sales teams both time and hassle, saving hour after hour of a sales person’s time in having to research information like LinkedIn profile, twitter name, email addresses and phone numbers. The market is full of contact databases that make it possible to start with good basic contact details. But in a socially connected business world to generate sales leads the sales teams now need a source for more social data like LinkedIn connections, social conversations, social media insights, articles, and news plus company information.

As the sales teams no longer need to spend thankless hours researching prospects or leads, they can use this time to research the best sales approach. This allows any sales person the opportunity and time to develop a more educated approach when he starts the contact phase in the sales process. Social selling and the use of social data is all about the more relevant information a sales person has on things the buyer or company cares about, the more specific they can be with the sales message.

Social data empowers sales teams with the necessary level of insight to lead nurture and interact with the right person, at the right time, and to convert the lead into a demo, a trial or even a meeting. The use of social insights means sales people will be able to identify the problems that the potential buyers have, and already have a plan formulated on how they will articulate the solution to their problems. Remember buyers today do not buy features, they buy solutions, they buy partners and thanks to social media they are better informed than ever about what solutions they will consider.

social-media-engagement

Social Data Provides Guidance

In the old sales models, a direct line or phone number was gold as it meant sales people could reach the decision-maker. And it is still a valid sales activity as research shows a sales person is more than 46 percent more likely to be successful in selling when they reach a director or VP. But what happens when sales people cannot get to talk to a prospect on the phone to explain the company’s solution. Too many sales teams still hope that a prospect will make a decision to engage with a business based solely on some email communication and what content is published on the website. This can work out from time to time but often leads nowhere.

Still too few sales managers are changing mindsets by teaching their sales teams to look deeper at social selling and using social data from the likes of LinkedIn and Twitter to find prospects or to engage with lead nurturing. No matter where you source your prospect or leads list from, it is crucial the sales teams have the tools, content and data to influence the decision makers. The more data, especially social data a sales team has on the prospects or buyers, the greater the understanding about the true issues the proposed solution they are selling will solve.

Social Data Brings Speed

Social data is way more than some contact information. Today, social selling and social media tools gives sales the ability to access real-time data from the social networks, which helps create a more consistent and sustainable sales process. Using social data allows a business to identify and target specific prospects or accounts that are more likely to buy, and buy sooner (based on social insights or conversations). And because selling with social data returns a higher level of success for the solution being offered, customer churn will likely go down as well. We live in a fast paced sales environment, finding leads and prospects is hard enough without them leaking at the other end of the funnel due to wrong target selection, so social data helps sales to target the right buyers to fill up the sales funnel.

The better trained and educated the sales teams are on social data and social selling; the more a business can fine tune the customer acquisition and development efforts. Companies using these methods accelerate the sales forces ability to acquire new customers and to grow existing clients.

In the digital sales era, social data is king. Investing in social media tools and social selling solutions will only improve the health of a sales organisation plus they are much more cost-effective than having your valuable sales resource spend hours trolling through websites and social networks. Create a culture, mindset and the selling skills around ensuring that your sales organisation is using data to power the sales engine and watch your sales grow. Social data combined with real sales talent with drive revenue growth.

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