sales for life social selling presentation final

22
What are emerging trends with sales teams?

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Page 1: Sales for life   social selling presentation final

What are emerging trends with sales teams?

Page 2: Sales for life   social selling presentation final

Reps are hitting a sales roadblock

In 2012, 40% of B2B sales reps didn’t hit quota!

The phone & email has become less effective.

Page 3: Sales for life   social selling presentation final

Reps sick of scratching & clawing for deals

Every month, the sales rep feels like they start at 0

Few reps have a perpetual lead gen machine

Page 4: Sales for life   social selling presentation final

Reps struggling with cold calling

Part of the job description – but HATED!

Page 5: Sales for life   social selling presentation final

Reps are seen as… just sales reps!

“No Value – sales rep” “Invisible – sales rep”

Page 6: Sales for life   social selling presentation final

But the Fundamental Challenge is:Your buyer has changed!

70% of their buying process is done, BEFORE your sales reps involvement

Decision-Makers need corporate buy-in (committees)

Page 7: Sales for life   social selling presentation final

Result: You’re losing deals, long before you’ve realized they’re lost!

Clients are discovering & trusting your competition first, because they’re adding value online.

Long before your reps start a phone relationship.

Page 8: Sales for life   social selling presentation final

The buyer is discovering – with or without you!

83% of B2B buyers, began their journey online.

Your competitor’s planting Inception right now.

Page 9: Sales for life   social selling presentation final

First to shape the buyer – wins!

65% of buyers choose the company that was first to add VALUE

Page 10: Sales for life   social selling presentation final

50% of deals are lost when reps add NO VALUE!

ENTER THE DEADZONE!

No value in asking “have you reviewed our proposal yet?”

Interviewed 1,200 decision-makers of SME & Enterprise companies.These are the top problems they had with other sales reps.

30% = Too much contact via phone & email

8% = Far too aggressive in their approach

9% = Lacked conveying value to my needs

Page 11: Sales for life   social selling presentation final

XO Communications Story – the buying process in a SOCIAL world

• Realizes sales reps current sales tactics, will no longer sustain a competitive advantage.

• Approaches management about new “Social Selling” process. He will train all 220+ sales reps world-wide.

NOVEMBER 2012

Page 12: Sales for life   social selling presentation final

Begins researching potential Solutions

Discovers a webinar on Social Selling“3 LinkedIn Tactics you didn’t know”

Turns out, Vorsightis a trusted vendor.The “Sphere of Influence”is very important.

After looking at our LinkedIn page, he notices Vorsight’s recommendation & a competitor.

Early December 2012

Recording August 2012. Placedon LinkedIn Groups – now rankinghigh on Google Searches.

Page 13: Sales for life   social selling presentation final

December 10th, 2012

The Decision-Maker planned on choosing a vendor by mid-January.

He began to invite top vendors topresent their solutions.

70% of his buying process was done,And we haven’t met yet!

.VS.

The presentation is RFP like. The educated buyer knew exactly whathe wanted in a vendor.

Which vendor can demonstrate their ability to accomplish his goals?

We won January 14th, 2013.

Page 14: Sales for life   social selling presentation final

Question to ask your team…

Are you not leaving “Social Breadcrumbs”?

How will you add value EARLY, and be found?

Page 15: Sales for life   social selling presentation final

Social Selling – constantly outperforms

• 79% of sales reps hit sales quota (up 20%)

• 16.3% increase in corporate revenue

• 8.9% increase in average deal size

Social Selling teams always outperform!

Page 16: Sales for life   social selling presentation final

Example with “Sphere of Influence”

Client Success Story

The Decision-Maker @ your Client

Competitive Insights

Followers

1st Degree Connections

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Page 18: Sales for life   social selling presentation final

“Sphere of Influence” Grows

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Page 21: Sales for life   social selling presentation final

Client Success Story – Monitoring Triggers

“Hello, we missed you”

Uses Competitor

Look to fire incumbent

Win for

User of Cision

Page 22: Sales for life   social selling presentation final

Social Selling Training

How do we add value for your team?• Turn reps into personal branding machines

• Help create Inception + value with prospects

• Create new sales leads never thought possible