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Social Selling
From Open Networks to Closed Communities


November 2011
http://www.flickr.com/photos/shelleyp/

Ā© 2011 SAP AG. All rights reserved.                                            2
http://www.flickr.com/photos/achimh/   http://www.flickr.com/photos/keithallison/   http://www.flickr.com/photos/jamesboyes/

Ā© 2011 SAP AG. All rights reserved.                                                                                                 3
http://www.flickr.com/photos/ivyfield/

Ā© 2011 SAP AG. All rights reserved.                                            4
Ā© 2011 SAP AG. All rights reserved.   5
1.        Eye on the future
                     2.        Finger on the pulse
                     3.        Seat at the table




                     ā€œThe game had changed ...ā€      @TimLonghurst
Ā© 2011 SAP AG. All rights reserved.                              6
Social Media Adoption
                                       The growth of social networks has
                                       been accelerating.
                                       Daily users (August 2011):
                                       ļ‚§   Facebook ā€“ 310 million
                                       ļ‚§   StumbleUpon ā€“ 27.5 million
                                       ļ‚§   Twitter ā€“ 22 million
                                       ļ‚§   Flickr ā€“ 10 million
                                       ļ‚§   LinkedIn ā€“ 8 million


                                       Twitter messages (per day):
                                       ļ‚§   September 2010 ā€“ 90 million
                                       ļ‚§   January 2011 ā€“ 100 million
                                       ļ‚§   October 2011 ā€“ 250 million


                                      http://www.searchenginejournal.com/the-
                                      growth-of-social-media-an-infographic/32788/

                                      http://techcrunch.com/2011/10/17/twitter-is-at-250-
                                      million-tweets-per-day/


Ā© 2011 SAP AG. All rights reserved.                                                         7
Knowledge Doubles


                                      Kurzweil shows that
                                      knowledge doubles every
                                      year and has been doing
                                      every year since the 60s.

                                      How do we deal with this
                                      avalanche of information?




Ā© 2011 SAP AG. All rights reserved.                               8
Eric Schmidt, Google




                                      ā€œ Between the dawn of
                                       civilization through 2003,
                                       five exabytes of data was
                                       created ... Now that much is

                                            ā€
                                       created every TWO days.




Ā© 2011 SAP AG. All rights reserved.                                 9
Tech Innovation




                                      Thereā€™s more power in
                                      your hand than what was
                                      used to put man on the
                                      moon




Ā© 2011 SAP AG. All rights reserved.                             10
Can You Be Interrupted?




 http://news.cnet.com/8301-27083_3-10469162-
 247.html?part=rss&subj=news&tag=2547-1_3-0-20

Ā© 2011 SAP AG. All rights reserved.              11
Social media is not just about sales or marketing
(though it is a good place to start)
                                                                Every organizational unit is being
                                                                impacted by social

                                    SALES
                                                                Sales or marketing is an obvious first
                                  Social Selling
                                                                step for most enterprises. Aberdeen
         COMMS                                       HR
                                                                Group recently reported (June 2011)
        Social Public                               Social      that 53% of retailers are pressured by
         Relations                                 Recruiting
                                                                increased consumer use of social
                                                                media.
                                    Your
                                  Business
                                                                But itā€™s not just about ā€œlisteningā€ or
         CHANNEL
                                                     COO        monitoring, itā€™s about shadowing the
           Social
                                                    Social
                                                   Customer
                                                                constant shifts in customer affinity.
         Ecosystem
                                                    Service      ļ‚§ Gain customer intelligence
                                  MARKETING                     ļ‚§ Identify new sales targets
                                    Social
                                   Marketing
                                                                ļ‚§ Develop closer relationships
                                                                ļ‚§ Shorten buying cycles
                                                                ļ‚§ Grow your prospect base

Ā© 2011 SAP AG. All rights reserved.                                                                      12
Why Think About ā€œSocialā€? The ā€œGame Changerā€


                                      People are less reliant
                                      on advertising



                                      They are researching
                                      options before they
                                      commit




                                      Decision makers are
                                      turning to their trusted
                                      networks for advice at
                                      all phases of the sales
                                      cycle
                                      And so should we!
Ā© 2011 SAP AG. All rights reserved.                              13
Ā© 2011 SAP AG. All rights reserved.   14
Demo or
           Identify              Initial   Meeting/   Assess    Determine               Submit
                                                                            Proof of              Purchase
            buyer               Contact     Call      Needs      Budgets               Proposal
                                                                            Concept


                                                      Outbound Sales




Ā© 2011 SAP AG. All rights reserved.                                                                          15
Search, find,              Initiate     Share
                                                                Request Proposal
            research                  Contact    Project Info




             Website
                                      Download     Share           Engage in
               and
                                      and View     Specs            Demo
            Resources




Ā© 2011 SAP AG. All rights reserved.                                                16
Ā© 2011 SAP AG. All rights reserved.   17
We needed to reframe the
                                           sales process




Ā© 2011 SAP AG. All rights reserved.                              18
Use available tools (slingshot) to
                                      aim the birds (each with special
                                      abilities) at structures




Ā© 2011 SAP AG. All rights reserved.                                        19
The objective:



                                      ā€œeliminate the pigsā€




Ā© 2011 SAP AG. All rights reserved.                          20
Developed by Rovio Mobile


                                         ā€œpuzzle video gameā€




Ā© 2011 SAP AG. All rights reserved.                               21
ā€œaddictive game playā€   win




                                                   win
                                            win

                                      win




Ā© 2011 SAP AG. All rights reserved.                                             22
Three Primary Elements




            Targets                   Players       Strategies

                                                        a
                                                h   s




Ā© 2011 SAP AG. All rights reserved.                              23
ā€œTargetsā€

                                                     Sponsor   Influencers
                                      Distractions




                         Stakeholders




                     Donā€™t forget to
                     smell these

Ā© 2011 SAP AG. All rights reserved.                                          24
ā€œPlayersā€         Quota

                                                                  Closed




                                      Account Executive
Sales VP




Ā© 2011 SAP AG. All rights reserved.                                        25
ā€œStrategiesā€



                                        Where do you aim?
                                        What is your angle?
                                        Direct/indirect?
                                        Focus and effort?

                                a
           h             s




Ā© 2011 SAP AG. All rights reserved.                           26
Social Selling and Social Customer Relationships



                                        How do we respond to
                                        these complexities?


                                        Using the scale and
                                        reach of social
                                        networks to
                                        accelerate and extend
                                        the sales process.




Ā© 2011 SAP AG. All rights reserved.                           27
ā€œ
                                      The customer is in control of the
                                      conversation. SCRM is the
                                      companyā€™s response to the
                                      customerā€™s control of the
                                      conversation. There is no joint
                                      ownership of the conversation.
                                      But there is no control by one or
                                      the other of the relationship
                                      between them. Though the


                                                          ā€
                                      ā€œpower balanceā€ can lean
                                      toward one or the other. Right
                                                            http://bit.ly/rAzQGx
                                      now it leans to the customer.

Ā© 2011 SAP AG. All rights reserved.                                           28
Three Cs of Community Engagement




                              Content             Cadence                Conversation
                              ā€¢ Source            ā€¢ Timing + Pace        ā€¢ Monitor + Respond
                              ā€¢ Transform         ā€¢ Orchestration        ā€¢ Identify + Leverage
                              ā€¢ Coach             ā€¢ Message Discipline     Influencers
                              ā€¢ Tag + Spotlight   ā€¢ Ride the Waves       ā€¢ Collaboration
                              ā€¢ Consumption                              ā€¢ Drive + Leverage
                                                                           Campaigns




Ā© 2011 SAP AG. All rights reserved.                                                              29
Players
                               Targets
                               Strategies




Ā© 2011 SAP AG. All rights reserved.         30
Players      Eye on the future
                               Targets      Finger on the pulse
                               Strategies   Seat at the table




Ā© 2011 SAP AG. All rights reserved.                               31
VP



               Knowing your targets
                                              CIO
               Fish where the fish are
               Connecting the dots




Ā© 2011 SAP AG. All rights reserved.                 32
Connecting Your Network




 1.      How many connections do you have?
 2.      How many customers are you connect to?
 3.      How many colleagues are in your network?



Ā© 2011 SAP AG. All rights reserved.                 33
http://www.breakingcopy.com/social-media-flowchart-status

Ā© 2011 SAP AG. All rights reserved.                            34
Easy to Start, Small Steps

Small time commitment and modest
  objectives:
1.   Grow connections by 25%
2.   Publish 12 status updates
3.   10 step, assisted program




Ā© 2011 SAP AG. All rights reserved.   35
10 Step Program


1.    Training                         6.    Make It Part of Your Day

2.    Profile Makeover                 7.    Amplify Campaigns and Themes

3.    Connect to People You Know:      8.    Direct Contact:
     ļ‚Ÿ      Outlook plugin                   ļ‚Ÿ   Look to stakeholders and
     ļ‚Ÿ      Connect to colleagues                influencers
     ļ‚Ÿ      Follow companies                 ļ‚Ÿ   Ask for introductions

4.    Connect to People You Need       9.    Follow Guidelines
     ļ‚Ÿ      Advanced search                  ļ‚Ÿ   Corporate guidelines
     ļ‚Ÿ      Reachable
                                       10.   Supercharge Your Summary
5.    Participate in your network
     ļ‚Ÿ      Status updates, thought
            leadership
     ļ‚Ÿ      Groups

 Ā© 2011 SAP AG. All rights reserved.                                        36
Measurable




                                              Quick wins


                                Demonstrate value




Ā© 2011 SAP AG. All rights reserved.                                     37
One Connection Opens a Network of Opportunity

                                             CEO         CEO
                                                                           CEO




                                                   CEO         CEO




                                                                           CEO
                                                         CFO

                                      CEO


                                                               CEO               CEO
                                                   CEO




                                                                     CEO
                                       CEO               CIO




Ā© 2011 SAP AG. All rights reserved.                                                    38
Network Becomes Your News


                                      1.   Keep up-to-date with
                                           your contacts through
                                           Profile feed
                                      2.   Use LinkedIn Today to
                                           see what is relevant and
                                           important in your network
                                      3.   Participate and engage
                                           with your network in the
                                           one place




Ā© 2011 SAP AG. All rights reserved.                                   39
Supercharging Your Summary

Employ the principles of inbound
marketing on your Summary

STOP: Using the ā€œSummaryā€ space to
summarize your experience.

START: Using it to put forward your value
proposition to any contact.

Explicitly:
ļ‚§ Welcome people to your profile
ļ‚§Describe recent scenarios or use cases
where you have delivered results to your
customers
ļ‚§Explain why someone should contact you




 Ā© 2011 SAP AG. All rights reserved.        40
The Open Network is Also a Gateway




Lessons Learned                                   Outcomes

ļ® Different birds are different                   ļ® Even the most
ļ® Those from the Twitter program picked up          uncommitted participant
  LinkedIn more aggressively                        grew their network by
                                                    20%
ļ® Most people overestimate their expertise
                                                  ļ® Many participants grew
ļ® Momentum is only achieved through                 their networks by over
  participation (ie you have to engage with the     40%
  concept before you see success)
                                                  ļ® It takes longer than you
                                                    can imagine




Ā© 2011 SAP AG. All rights reserved.                                            41
ā€œYou Always Need Another Levelā€




Ā© 2011 SAP AG. All rights reserved.             42
SAP Community Network




                                      http://www.slideshare.net/markyolton/blogwell-20june2011-mark-yolton-
                                                                                                        sap
Ā© 2011 SAP AG. All rights reserved.                                                                      43
http://www.flickr.com/photos/42228837@N06/4220872666/

Ā© 2011 SAP AG. All rights reserved.                                                     44
PCN Connect

                                      An innovative, closed community
                                      platform connecting information,
                                      knowledge and people from SAP
                                      and the network of premier
                                      customers.
                                      ļ‚§Not all information ā€“ just the
                                      most relevant (self service)
                                      ļ‚§Support the customer decision
                                      making process
                                      ļ‚§Connect customers with each
                                      other




Ā© 2011 SAP AG. All rights reserved.                                     45
Combining Open + Closed Networks




                                      Customer
                                      Network          1.   Eye on the future
                                                       2.   Finger on the
                                                            pulse
                                                       3.   Seat at the table
                              Open            Closed
                            Network          Network




Ā© 2011 SAP AG. All rights reserved.                                             46
Ā© 2011 SAP AG. All rights reserved.   47
Thank You!

Contact information:

Gavin Heaton
E: gavin.heaton@sap.com
M: +61 404 004 516
    http://www.linkedin.com/in/servantofchaos
    @servantofchaos

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Gavin Heaton

  • 1. Social Selling From Open Networks to Closed Communities November 2011
  • 3. http://www.flickr.com/photos/achimh/ http://www.flickr.com/photos/keithallison/ http://www.flickr.com/photos/jamesboyes/ Ā© 2011 SAP AG. All rights reserved. 3
  • 5. Ā© 2011 SAP AG. All rights reserved. 5
  • 6. 1. Eye on the future 2. Finger on the pulse 3. Seat at the table ā€œThe game had changed ...ā€ @TimLonghurst Ā© 2011 SAP AG. All rights reserved. 6
  • 7. Social Media Adoption The growth of social networks has been accelerating. Daily users (August 2011): ļ‚§ Facebook ā€“ 310 million ļ‚§ StumbleUpon ā€“ 27.5 million ļ‚§ Twitter ā€“ 22 million ļ‚§ Flickr ā€“ 10 million ļ‚§ LinkedIn ā€“ 8 million Twitter messages (per day): ļ‚§ September 2010 ā€“ 90 million ļ‚§ January 2011 ā€“ 100 million ļ‚§ October 2011 ā€“ 250 million http://www.searchenginejournal.com/the- growth-of-social-media-an-infographic/32788/ http://techcrunch.com/2011/10/17/twitter-is-at-250- million-tweets-per-day/ Ā© 2011 SAP AG. All rights reserved. 7
  • 8. Knowledge Doubles Kurzweil shows that knowledge doubles every year and has been doing every year since the 60s. How do we deal with this avalanche of information? Ā© 2011 SAP AG. All rights reserved. 8
  • 9. Eric Schmidt, Google ā€œ Between the dawn of civilization through 2003, five exabytes of data was created ... Now that much is ā€ created every TWO days. Ā© 2011 SAP AG. All rights reserved. 9
  • 10. Tech Innovation Thereā€™s more power in your hand than what was used to put man on the moon Ā© 2011 SAP AG. All rights reserved. 10
  • 11. Can You Be Interrupted? http://news.cnet.com/8301-27083_3-10469162- 247.html?part=rss&subj=news&tag=2547-1_3-0-20 Ā© 2011 SAP AG. All rights reserved. 11
  • 12. Social media is not just about sales or marketing (though it is a good place to start) Every organizational unit is being impacted by social SALES Sales or marketing is an obvious first Social Selling step for most enterprises. Aberdeen COMMS HR Group recently reported (June 2011) Social Public Social that 53% of retailers are pressured by Relations Recruiting increased consumer use of social media. Your Business But itā€™s not just about ā€œlisteningā€ or CHANNEL COO monitoring, itā€™s about shadowing the Social Social Customer constant shifts in customer affinity. Ecosystem Service ļ‚§ Gain customer intelligence MARKETING ļ‚§ Identify new sales targets Social Marketing ļ‚§ Develop closer relationships ļ‚§ Shorten buying cycles ļ‚§ Grow your prospect base Ā© 2011 SAP AG. All rights reserved. 12
  • 13. Why Think About ā€œSocialā€? The ā€œGame Changerā€ People are less reliant on advertising They are researching options before they commit Decision makers are turning to their trusted networks for advice at all phases of the sales cycle And so should we! Ā© 2011 SAP AG. All rights reserved. 13
  • 14. Ā© 2011 SAP AG. All rights reserved. 14
  • 15. Demo or Identify Initial Meeting/ Assess Determine Submit Proof of Purchase buyer Contact Call Needs Budgets Proposal Concept Outbound Sales Ā© 2011 SAP AG. All rights reserved. 15
  • 16. Search, find, Initiate Share Request Proposal research Contact Project Info Website Download Share Engage in and and View Specs Demo Resources Ā© 2011 SAP AG. All rights reserved. 16
  • 17. Ā© 2011 SAP AG. All rights reserved. 17
  • 18. We needed to reframe the sales process Ā© 2011 SAP AG. All rights reserved. 18
  • 19. Use available tools (slingshot) to aim the birds (each with special abilities) at structures Ā© 2011 SAP AG. All rights reserved. 19
  • 20. The objective: ā€œeliminate the pigsā€ Ā© 2011 SAP AG. All rights reserved. 20
  • 21. Developed by Rovio Mobile ā€œpuzzle video gameā€ Ā© 2011 SAP AG. All rights reserved. 21
  • 22. ā€œaddictive game playā€ win win win win Ā© 2011 SAP AG. All rights reserved. 22
  • 23. Three Primary Elements Targets Players Strategies a h s Ā© 2011 SAP AG. All rights reserved. 23
  • 24. ā€œTargetsā€ Sponsor Influencers Distractions Stakeholders Donā€™t forget to smell these Ā© 2011 SAP AG. All rights reserved. 24
  • 25. ā€œPlayersā€ Quota Closed Account Executive Sales VP Ā© 2011 SAP AG. All rights reserved. 25
  • 26. ā€œStrategiesā€ Where do you aim? What is your angle? Direct/indirect? Focus and effort? a h s Ā© 2011 SAP AG. All rights reserved. 26
  • 27. Social Selling and Social Customer Relationships How do we respond to these complexities? Using the scale and reach of social networks to accelerate and extend the sales process. Ā© 2011 SAP AG. All rights reserved. 27
  • 28. ā€œ The customer is in control of the conversation. SCRM is the companyā€™s response to the customerā€™s control of the conversation. There is no joint ownership of the conversation. But there is no control by one or the other of the relationship between them. Though the ā€ ā€œpower balanceā€ can lean toward one or the other. Right http://bit.ly/rAzQGx now it leans to the customer. Ā© 2011 SAP AG. All rights reserved. 28
  • 29. Three Cs of Community Engagement Content Cadence Conversation ā€¢ Source ā€¢ Timing + Pace ā€¢ Monitor + Respond ā€¢ Transform ā€¢ Orchestration ā€¢ Identify + Leverage ā€¢ Coach ā€¢ Message Discipline Influencers ā€¢ Tag + Spotlight ā€¢ Ride the Waves ā€¢ Collaboration ā€¢ Consumption ā€¢ Drive + Leverage Campaigns Ā© 2011 SAP AG. All rights reserved. 29
  • 30. Players Targets Strategies Ā© 2011 SAP AG. All rights reserved. 30
  • 31. Players Eye on the future Targets Finger on the pulse Strategies Seat at the table Ā© 2011 SAP AG. All rights reserved. 31
  • 32. VP Knowing your targets CIO Fish where the fish are Connecting the dots Ā© 2011 SAP AG. All rights reserved. 32
  • 33. Connecting Your Network 1. How many connections do you have? 2. How many customers are you connect to? 3. How many colleagues are in your network? Ā© 2011 SAP AG. All rights reserved. 33
  • 35. Easy to Start, Small Steps Small time commitment and modest objectives: 1. Grow connections by 25% 2. Publish 12 status updates 3. 10 step, assisted program Ā© 2011 SAP AG. All rights reserved. 35
  • 36. 10 Step Program 1. Training 6. Make It Part of Your Day 2. Profile Makeover 7. Amplify Campaigns and Themes 3. Connect to People You Know: 8. Direct Contact: ļ‚Ÿ Outlook plugin ļ‚Ÿ Look to stakeholders and ļ‚Ÿ Connect to colleagues influencers ļ‚Ÿ Follow companies ļ‚Ÿ Ask for introductions 4. Connect to People You Need 9. Follow Guidelines ļ‚Ÿ Advanced search ļ‚Ÿ Corporate guidelines ļ‚Ÿ Reachable 10. Supercharge Your Summary 5. Participate in your network ļ‚Ÿ Status updates, thought leadership ļ‚Ÿ Groups Ā© 2011 SAP AG. All rights reserved. 36
  • 37. Measurable Quick wins Demonstrate value Ā© 2011 SAP AG. All rights reserved. 37
  • 38. One Connection Opens a Network of Opportunity CEO CEO CEO CEO CEO CEO CFO CEO CEO CEO CEO CEO CEO CIO Ā© 2011 SAP AG. All rights reserved. 38
  • 39. Network Becomes Your News 1. Keep up-to-date with your contacts through Profile feed 2. Use LinkedIn Today to see what is relevant and important in your network 3. Participate and engage with your network in the one place Ā© 2011 SAP AG. All rights reserved. 39
  • 40. Supercharging Your Summary Employ the principles of inbound marketing on your Summary STOP: Using the ā€œSummaryā€ space to summarize your experience. START: Using it to put forward your value proposition to any contact. Explicitly: ļ‚§ Welcome people to your profile ļ‚§Describe recent scenarios or use cases where you have delivered results to your customers ļ‚§Explain why someone should contact you Ā© 2011 SAP AG. All rights reserved. 40
  • 41. The Open Network is Also a Gateway Lessons Learned Outcomes ļ® Different birds are different ļ® Even the most ļ® Those from the Twitter program picked up uncommitted participant LinkedIn more aggressively grew their network by 20% ļ® Most people overestimate their expertise ļ® Many participants grew ļ® Momentum is only achieved through their networks by over participation (ie you have to engage with the 40% concept before you see success) ļ® It takes longer than you can imagine Ā© 2011 SAP AG. All rights reserved. 41
  • 42. ā€œYou Always Need Another Levelā€ Ā© 2011 SAP AG. All rights reserved. 42
  • 43. SAP Community Network http://www.slideshare.net/markyolton/blogwell-20june2011-mark-yolton- sap Ā© 2011 SAP AG. All rights reserved. 43
  • 45. PCN Connect An innovative, closed community platform connecting information, knowledge and people from SAP and the network of premier customers. ļ‚§Not all information ā€“ just the most relevant (self service) ļ‚§Support the customer decision making process ļ‚§Connect customers with each other Ā© 2011 SAP AG. All rights reserved. 45
  • 46. Combining Open + Closed Networks Customer Network 1. Eye on the future 2. Finger on the pulse 3. Seat at the table Open Closed Network Network Ā© 2011 SAP AG. All rights reserved. 46
  • 47. Ā© 2011 SAP AG. All rights reserved. 47
  • 48. Thank You! Contact information: Gavin Heaton E: gavin.heaton@sap.com M: +61 404 004 516 http://www.linkedin.com/in/servantofchaos @servantofchaos

Editor's Notes

  1. 60% of B2B salespeople say cycles for closing sales are extending, 43% of B2B buyers follow online social media discussions to learn about products, 25% ofĀ  buyers say social media influenced their selection of a solutions provider22% of buyers connected directly with a solutions provider via social networks2009 B2B Buyer Transformation Study by Onesource