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SOCIAL SELLING
STATISTICS
21th February, 2014 V4 / Marc Maurer
Types of Selling Statistics
Sales Quota

B2B Buying Process

Social Selling

LinkedIN

Twitter

Blogs

© 2013 SAP AG. All rights reserved.

2
Sales Quota
How social selling can help salespeople achieving their quota

1

73% of salespeople who used social selling
techniques met or exceeded quota in 2012.

2

Sales teams that use social selling techniques
exceed their quota 31% more than non-users.

3

72.6% of salespeople who used social selling
outperformed their sales peers in 2012.

4

23% of salespeople using social media
exceeded their quota more often.

© 2013 SAP AG. All rights reserved.

3
Sales Quota
How social selling can help salespeople achieving their quota

5

Sales reps using social selling techniques
realize 66% greater quota attainment.

6

78% of salespeople using social media
outsell their peers.

7

57% of top performers have closed a deal that
was originated through social media.

8

54% of salespeople closed business as a
direct result of social media.

© 2013 SAP AG. All rights reserved.

4
B2B Buying Process
How the B2B buying process is influenced by social media

9

84% of B2B decision makers begin their
buying process with a referral.

10

50-70% of the buying decision is made before
the sales representative makes contact.

11

Customers will complete to 69% of their
buying journey before contacting a supplier.

12

22% of the time spent on the Internet is on
social media sites.

© 2013 SAP AG. All rights reserved.

5
B2B Buying Process
How the B2B buying process is influenced by social media

13

89% of consumers begin searching for
products and services using a search engine.

14

56% of people feel a stronger connection with
companies who engage on social media.

15

B2B buyers look at an average of over 10
digital resources before making a purchase.

16

85% of IT Decision Makers use social
networks for business.

© 2013 SAP AG. All rights reserved.

6
B2B Buying Process
How the B2B buying process is influenced by social media

17

75% of B2B decision makers use social media
as part of their buying process.

18

During the awareness phase, 54% of tech
buyers are influenced by social media.

19

59% of IT Decision Makers are influenced by
at least one social network when deciding.

20

75% of B2B buyers claim social media would
likely have influence on a future purchase.

© 2013 SAP AG. All rights reserved.

7
B2B Buying Process
How the B2B buying process is influenced by social media

21

73% of IT Decision Makers have engaged
with a vendor on a social network.

22

89% of B2B IT buyers say vendor-provided
educational content is acceptable on social.

23

64% of B2B IT buyers say promotional
content is acceptable on social networks.

© 2013 SAP AG. All rights reserved.

8
Social Selling
How social selling can help salespeople achieving their quota

24

65% of a salesperson’s time is spent not
selling.

25

Top 3 reasons sales people use social media:
networking, prospecting and research.

26

30% of world class sales organizations have
used social media to identify decision makers.

27

Sales reps using social selling have a 3.6x
greater chance to meet a decision maker.

© 2013 SAP AG. All rights reserved.

9
Social Selling
How social selling can help salespeople achieving their quota

28

Social selling yields on average 7.8 appointm.
per week vs. 4.3 (traditional channels).

29

Social selling has the highest lead to close
rate of all prospecting methodologies.

30

65% of the successful salespeople believe
social media is integral to their success.

31

55% of customers share a bad customerservice experience on social media channels.

© 2013 SAP AG. All rights reserved.

10
LinkedIn
How LinkedIn can speed up the selling process

32

Over 15% of B2B buyers engage via LinkedIn
with IT vendors.

33

74% of B2B Decision Makers use LinkedIn for
business purposes.

34

75% of decision makers are using LinkedIn
where they publicly engage with peers.

35

40% of B2B decision makers say LinkedIn is
important to research and evaluation.

© 2013 SAP AG. All rights reserved.

11
Twitter
Why twitter is important for your sales cycle

36

42% of B2B decision makers are using Twitter
for business purposes.

37

Twitter users search for B2B brands more
often (30%) vs. average Internet users (12%)

38

98% of B2B decision makers are spectators
on Twitter.

39

100% of Best-in-Class sales organizations use
Twitter vs. 78% of All Others.

© 2013 SAP AG. All rights reserved.

12
Blogs
How blogs influence your social selling position

40

61% of customers have made a purchase
based on a recommendation from a blog.

41

81% of online customers trust information and
advice from blogs.

42

82% of decision makers are using blogs and
communities where they comment & engage.

© 2013 SAP AG. All rights reserved.

13
Thank You

Marc Maurer
Global Account Manager at SAP
marc.maurer@sap.com
© 2013 SAP AG. All rights reserved.

SOCIALEDGE
Fast forward in social selling
www.socialedge.ch
14

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Social Selling Statistics

  • 2. Types of Selling Statistics Sales Quota B2B Buying Process Social Selling LinkedIN Twitter Blogs © 2013 SAP AG. All rights reserved. 2
  • 3. Sales Quota How social selling can help salespeople achieving their quota 1 73% of salespeople who used social selling techniques met or exceeded quota in 2012. 2 Sales teams that use social selling techniques exceed their quota 31% more than non-users. 3 72.6% of salespeople who used social selling outperformed their sales peers in 2012. 4 23% of salespeople using social media exceeded their quota more often. © 2013 SAP AG. All rights reserved. 3
  • 4. Sales Quota How social selling can help salespeople achieving their quota 5 Sales reps using social selling techniques realize 66% greater quota attainment. 6 78% of salespeople using social media outsell their peers. 7 57% of top performers have closed a deal that was originated through social media. 8 54% of salespeople closed business as a direct result of social media. © 2013 SAP AG. All rights reserved. 4
  • 5. B2B Buying Process How the B2B buying process is influenced by social media 9 84% of B2B decision makers begin their buying process with a referral. 10 50-70% of the buying decision is made before the sales representative makes contact. 11 Customers will complete to 69% of their buying journey before contacting a supplier. 12 22% of the time spent on the Internet is on social media sites. © 2013 SAP AG. All rights reserved. 5
  • 6. B2B Buying Process How the B2B buying process is influenced by social media 13 89% of consumers begin searching for products and services using a search engine. 14 56% of people feel a stronger connection with companies who engage on social media. 15 B2B buyers look at an average of over 10 digital resources before making a purchase. 16 85% of IT Decision Makers use social networks for business. © 2013 SAP AG. All rights reserved. 6
  • 7. B2B Buying Process How the B2B buying process is influenced by social media 17 75% of B2B decision makers use social media as part of their buying process. 18 During the awareness phase, 54% of tech buyers are influenced by social media. 19 59% of IT Decision Makers are influenced by at least one social network when deciding. 20 75% of B2B buyers claim social media would likely have influence on a future purchase. © 2013 SAP AG. All rights reserved. 7
  • 8. B2B Buying Process How the B2B buying process is influenced by social media 21 73% of IT Decision Makers have engaged with a vendor on a social network. 22 89% of B2B IT buyers say vendor-provided educational content is acceptable on social. 23 64% of B2B IT buyers say promotional content is acceptable on social networks. © 2013 SAP AG. All rights reserved. 8
  • 9. Social Selling How social selling can help salespeople achieving their quota 24 65% of a salesperson’s time is spent not selling. 25 Top 3 reasons sales people use social media: networking, prospecting and research. 26 30% of world class sales organizations have used social media to identify decision makers. 27 Sales reps using social selling have a 3.6x greater chance to meet a decision maker. © 2013 SAP AG. All rights reserved. 9
  • 10. Social Selling How social selling can help salespeople achieving their quota 28 Social selling yields on average 7.8 appointm. per week vs. 4.3 (traditional channels). 29 Social selling has the highest lead to close rate of all prospecting methodologies. 30 65% of the successful salespeople believe social media is integral to their success. 31 55% of customers share a bad customerservice experience on social media channels. © 2013 SAP AG. All rights reserved. 10
  • 11. LinkedIn How LinkedIn can speed up the selling process 32 Over 15% of B2B buyers engage via LinkedIn with IT vendors. 33 74% of B2B Decision Makers use LinkedIn for business purposes. 34 75% of decision makers are using LinkedIn where they publicly engage with peers. 35 40% of B2B decision makers say LinkedIn is important to research and evaluation. © 2013 SAP AG. All rights reserved. 11
  • 12. Twitter Why twitter is important for your sales cycle 36 42% of B2B decision makers are using Twitter for business purposes. 37 Twitter users search for B2B brands more often (30%) vs. average Internet users (12%) 38 98% of B2B decision makers are spectators on Twitter. 39 100% of Best-in-Class sales organizations use Twitter vs. 78% of All Others. © 2013 SAP AG. All rights reserved. 12
  • 13. Blogs How blogs influence your social selling position 40 61% of customers have made a purchase based on a recommendation from a blog. 41 81% of online customers trust information and advice from blogs. 42 82% of decision makers are using blogs and communities where they comment & engage. © 2013 SAP AG. All rights reserved. 13
  • 14. Thank You Marc Maurer Global Account Manager at SAP marc.maurer@sap.com © 2013 SAP AG. All rights reserved. SOCIALEDGE Fast forward in social selling www.socialedge.ch 14