Why Behavioural Data is Key to Social Selling Success

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Today, businesses and organizations are looking for more from social media when it comes to lead generation, customer acquisition, churn, and more. This presentation highlights how companies can use behavioural insights from freely available data to meet these needs, and exceed them.

Transcript of Why Behavioural Data is Key to Social Selling Success

Confidential ArCompany Inc. — February 19, 2013

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Why Behavioural Data is Key to Social Selling Success

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So… Social Selling…

Are we just being sheepfor this latest “buzzword”?

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79% of salespeople who use Social Media as a selling tool outperform those who don’t.

-Social Centered Selling Survey

 Among Decision-Makers, LinkedIn Is The Most-Used Social Network for Work

-Forrester

Sales Increased 400% in Social Selling Pilot Program-IBM

Why Social Selling?

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People are looking for social selling

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So why is social selling so popular?

Simple – social media hasgrown up and it’s not just fuzzy unicorns now

(not a unicorn)

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Social media maturity

ROILEAD

GENERATIONCUSTOMER

ACQUISITIONMETRICS DATA

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Stupid social selling, though…

There’s no fixing that

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Which is why social selling needs

BEHAVIOURAL DATA

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Behavioural data

“information employed in marketing for designing promotional campaigns based on consumer’s buying habits, brand preferences, and product usage.”

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Case study

MV-1 Canada

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MV-1 Canada

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MV-1 Canada

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MV-1 Canada

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MV-1 Canada

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MV1-Canada

20%in 12 months

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You need more than data analysis; you need people analysis

Data gives information, but people give nuances.

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We have no shortage of information

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We have no shortage of information

But information only tells half the story…

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Data-only information skews the story

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People tell us the REAL story

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People tell us the REAL story

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These social signals provide buying data

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Why Updates Rule

• They tell your network what you are up to• An opportunity to share content of value• Follow clients and potential clients for

insights (e.g. Did they just connect or are they connected to your competitor?)

• Provide reasons to get in touch (e.g. Job change = Money In Motion)

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LinkedIn – Datamining And Prospecting

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What more can I learn about them from what they say, do, and share?

Prospect Profiling Via Social

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What are they and where do I find them?It’s easier than you think and getting easier.

Social Signals

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LinkedIn Social Signals – Daily Email

Money in motion!

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Customers Broadcasting Financial Triggers

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How do I get on a prospect’s radar and stay there? How can I stay on top of managing my network?

Managing Social Interactions

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Social selling technologies you can use today

Social data, signals, sCRM and measurement

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Social data – Mantis / Pulse Analytics

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Social data – Mantis / Pulse Analytics

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Social signals – Lymbix

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Social signals – Lymbix

Emotional Analysis API offers qualitative text analytics across eight emotional categories

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sCRM – Nimble

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sCRM – Nimble

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Measurement – Measure.ly

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Measurement – Measure.ly

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Measurement – Measure.ly

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Measurement – Measure.ly

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Tying It All Together

Mindset, Method, Data

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Social Media = Corp DNA

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Count Me In!

Whatever

I Don’t Want To Tweet And You Can’t Make Me

Internal Social Media Attitude

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HeadquartersParent OrganizationExecutive TeamManagement Team

Frontline ManagementChannel PartnersCustomers/Community

Many organizations have implemented social media activities :• within distinct business

units or functional areas

• with little to no coordination across the organization

• with limited or poor communication from the frontline to executives and back down.

Current State of Communication

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Content, communication, and authority need to cascade down through the organization with feedback making its way back up

HeadquartersParent OrganizationExecutive TeamManagement Team Frontline

ManagementChannel PartnersCustomers/Community

Regional OfficeBusiness UnitFunctional Area

Ideal End State of Communication

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With a holistic approach to social media and the coordination of efforts, organizations have the potential for:

• input regarding product and/or service ideas or improvements

• incremental revenue• cost reduction from

operations• higher customer

satisfaction• amplification and cross-

promotion• improved brand

reputation management• improved collaboration

and communication

HeadquartersParent OrganizationExecutive TeamManagement Team

Frontline ManagementChannel PartnersCustomers/Community

Ideal End State

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Find them and promote them amongst stakeholders

Bright Spots

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What are people focused on and compensated for?

Focus On Outcomes

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Silo Busting Collaboration

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Thank you

www.arcompany.co

a.jenkins@arcompany.co

d.brown@arcompany.co