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Jim Ninivaggi, Service Director
Sales Enablement Strategies
Laz Gonzalez, Service Director
Channel Management Strategies
Social Selling
Agenda
1. Social Buying Drives Social Selling
2. Defining Social Selling
3. The SiriusDecisions Social Selling Diagnostic Model
New Buying Behaviors
© 2014 SiriusDecisions. All Rights Reserved 5
SiriusPerspective:
A Continuous, Blended Conversation
① Loosening of the Status
Quo
Vendor
Selection
Phase
Solution
Phase
Education
Phase
② Committing to Change
③ Exploring Possible
Solutions
④ Committing to a
Solution
⑤ Justifying the Decision
⑥ Making the Selection
Today’s buyer is doing more of their buying process online, marketing
and sales need to align to have one conversation.
© 2014 SiriusDecisions. All Rights Reserved 6
SiriusPerspective:
Where Are B-to-B Buyers Going for Information?
Our research shows that C-level buyers use online resources early in
their decision making process.
Rank #1
Rank #2
Rank #3
Rank #4
Rank #5
Rank #6
Internet search
Vendors’ Web sites
Ask my reports to research
Explore social channels
Online groups/associations
Call a peer
© 2014 SiriusDecisions. All Rights Reserved 7
SiriusPerspective:
Here Come the Digital Natives
: Millennials (1984-2002) will continue to play a larger and larger role in
buying processes.
Fifty-six percent of college students who responded to a recent survey
said they would either not accept a job offer from a company that
blocked access to social media in the workplace, or would join and
attempt to sidestep the company policy.
Business-to-Business Social Maturity Model
• Random acts of social
• Reps left on their own to create content
No Social
Strategy
• Focus is on control
• Little or no training
Implement
Guidelines
• Social becomes part of sales process
• Skills and tools training
• Content is centralized for rep distribution
Social
Enablement
• Use of social analytics tools
• Proactive use of data
• Reps leverage to engage
Advanced Social
Listening
Defining Social Selling
© 2014 SiriusDecisions. All Rights Reserved 10
SiriusPerspective:
Social Foundations: The SiriusDecisions’ MEAD Model
Our MEAD model offers a framework for developing a comprehensive
social media strategy.
Awareness
Demand
Engagement
Monitor
MEAD Model
© 2014 SiriusDecisions. All Rights Reserved 11
SiriusPerspective:
Sales Foundation: Sales Competencies
To enable social selling, a familiarity with core sales competencies is
required.
BEHAVIORS KNOWLEDGE
SKILLS PROCESS
© 2014 SiriusDecisions. All Rights Reserved 12
SiriusPerspective:
Social Selling Defined
Social selling is the practice of incorporating social tools and platforms
into core sales competencies to increase sales productivity.
BEHAVIORS SKILLS PROCESS
AWARENESS
DEMAND
ENGAGE
MONITOR
KNOWLEDGE
What kinds
of social
behaviors
are we
trying to
encourage?
How can
social
increase
and
rationalize
required
knowledge?
What skills
are
required for
reps to
unlock the
power of
social?
How can
social be
integrated
into existing
processes
to help reps
perform
better?
© 2014 SiriusDecisions. All Rights Reserved 13
SiriusPerspective:
Sales Productivity
The intersection of efficiency and effectiveness.
Effectiveness (quality and results)
Efficiency(capacity)
Yield Per Rep
The SiriusDecisions Social Selling Diagnostic
Model
© 2014 SiriusDecisions. All Rights Reserved 15
SiriusPerspective: Trendy social-selling techniques make assumptions about sellers’
fluency with complicated topics.
Are Your Reps Subject Matter Experts?
VS.
© 2014 SiriusDecisions. All Rights Reserved 16
SiriusPerspective: By using social selling, sales makes assumptions about
the how socially active buyers are.
Are Your Buyers Social Butterflies?
VS.
© 2014 SiriusDecisions. All Rights Reserved 17
SiriusPerspective: Social selling requires that buyers and sellers be brought together
meaningfully through social channels.
Social-Selling Diagnostic
Salesknowledgegap
Buyer engagement
Many social selling
programs presumes the
presence of highly
engaged social buyers
and a low knowledge gap
© 2014 SiriusDecisions. All Rights Reserved 18
SiriusPerspective: Use the SiriusDecisions Social Diagnostic Model to understand where
to focus your enablement efforts.
Social Selling Diagnostic
3. Low buyer
engagement,
low sales
knowledge gap
1. Low buyer
engagement, hi
gh sales
knowledge gap
2. High buyer
engagement,
high sales
knowledge gap
4. High buyer
engagement, lo
w sales
knowledge gap
MONITOR ENGAGE
AWARENESS DEMAND
Salesknowledgegap
Buyer engagement
Social Selling Framework
MONITOR
ENGAGE
AWARENESS
DEMAND
Listen, research and
leverage social insights
Sharing content, strategic
orchestration
Building your professional
social brand
Creating client evangelists
MONITOR
ENGAGE
AWARENESS
DEMAND
USING SOCIAL AS PART OF
BUILDING STRONG CUSTOMER
RELATIONSHIPS

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Jim Ninivaggi - Social Selling: One Size Does Not Fit All

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  • 2. Jim Ninivaggi, Service Director Sales Enablement Strategies Laz Gonzalez, Service Director Channel Management Strategies Social Selling
  • 3. Agenda 1. Social Buying Drives Social Selling 2. Defining Social Selling 3. The SiriusDecisions Social Selling Diagnostic Model
  • 5. © 2014 SiriusDecisions. All Rights Reserved 5 SiriusPerspective: A Continuous, Blended Conversation ① Loosening of the Status Quo Vendor Selection Phase Solution Phase Education Phase ② Committing to Change ③ Exploring Possible Solutions ④ Committing to a Solution ⑤ Justifying the Decision ⑥ Making the Selection Today’s buyer is doing more of their buying process online, marketing and sales need to align to have one conversation.
  • 6. © 2014 SiriusDecisions. All Rights Reserved 6 SiriusPerspective: Where Are B-to-B Buyers Going for Information? Our research shows that C-level buyers use online resources early in their decision making process. Rank #1 Rank #2 Rank #3 Rank #4 Rank #5 Rank #6 Internet search Vendors’ Web sites Ask my reports to research Explore social channels Online groups/associations Call a peer
  • 7. © 2014 SiriusDecisions. All Rights Reserved 7 SiriusPerspective: Here Come the Digital Natives : Millennials (1984-2002) will continue to play a larger and larger role in buying processes. Fifty-six percent of college students who responded to a recent survey said they would either not accept a job offer from a company that blocked access to social media in the workplace, or would join and attempt to sidestep the company policy.
  • 8. Business-to-Business Social Maturity Model • Random acts of social • Reps left on their own to create content No Social Strategy • Focus is on control • Little or no training Implement Guidelines • Social becomes part of sales process • Skills and tools training • Content is centralized for rep distribution Social Enablement • Use of social analytics tools • Proactive use of data • Reps leverage to engage Advanced Social Listening
  • 10. © 2014 SiriusDecisions. All Rights Reserved 10 SiriusPerspective: Social Foundations: The SiriusDecisions’ MEAD Model Our MEAD model offers a framework for developing a comprehensive social media strategy. Awareness Demand Engagement Monitor MEAD Model
  • 11. © 2014 SiriusDecisions. All Rights Reserved 11 SiriusPerspective: Sales Foundation: Sales Competencies To enable social selling, a familiarity with core sales competencies is required. BEHAVIORS KNOWLEDGE SKILLS PROCESS
  • 12. © 2014 SiriusDecisions. All Rights Reserved 12 SiriusPerspective: Social Selling Defined Social selling is the practice of incorporating social tools and platforms into core sales competencies to increase sales productivity. BEHAVIORS SKILLS PROCESS AWARENESS DEMAND ENGAGE MONITOR KNOWLEDGE What kinds of social behaviors are we trying to encourage? How can social increase and rationalize required knowledge? What skills are required for reps to unlock the power of social? How can social be integrated into existing processes to help reps perform better?
  • 13. © 2014 SiriusDecisions. All Rights Reserved 13 SiriusPerspective: Sales Productivity The intersection of efficiency and effectiveness. Effectiveness (quality and results) Efficiency(capacity) Yield Per Rep
  • 14. The SiriusDecisions Social Selling Diagnostic Model
  • 15. © 2014 SiriusDecisions. All Rights Reserved 15 SiriusPerspective: Trendy social-selling techniques make assumptions about sellers’ fluency with complicated topics. Are Your Reps Subject Matter Experts? VS.
  • 16. © 2014 SiriusDecisions. All Rights Reserved 16 SiriusPerspective: By using social selling, sales makes assumptions about the how socially active buyers are. Are Your Buyers Social Butterflies? VS.
  • 17. © 2014 SiriusDecisions. All Rights Reserved 17 SiriusPerspective: Social selling requires that buyers and sellers be brought together meaningfully through social channels. Social-Selling Diagnostic Salesknowledgegap Buyer engagement Many social selling programs presumes the presence of highly engaged social buyers and a low knowledge gap
  • 18. © 2014 SiriusDecisions. All Rights Reserved 18 SiriusPerspective: Use the SiriusDecisions Social Diagnostic Model to understand where to focus your enablement efforts. Social Selling Diagnostic 3. Low buyer engagement, low sales knowledge gap 1. Low buyer engagement, hi gh sales knowledge gap 2. High buyer engagement, high sales knowledge gap 4. High buyer engagement, lo w sales knowledge gap MONITOR ENGAGE AWARENESS DEMAND Salesknowledgegap Buyer engagement
  • 19. Social Selling Framework MONITOR ENGAGE AWARENESS DEMAND Listen, research and leverage social insights Sharing content, strategic orchestration Building your professional social brand Creating client evangelists MONITOR ENGAGE AWARENESS DEMAND USING SOCIAL AS PART OF BUILDING STRONG CUSTOMER RELATIONSHIPS

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