5 Ways to Boost B2B Sales Through LinkedIn Social Selling
If your company is anything like some that I’ve seen around Silicon Valley, your sales reps see their quotas increase quarter after quarter. With lofty goals, every sales rep needs to utilize all the tools he has at his disposal to close the deal.
While social media sometimes gets a bad rep among professionals due to the endless posts about difficult math problems and memes, when done well, social media can be one of the most effective and underutilized channels for sales teams. In this blog, I’ll cover five strategies to use LinkedIn to drive significant revenue for your company:
1. Add Prospective Customers and Share Their Content with Your Network
This may be obvious, but a reminder never hurts: you should always connect with your leads! Having access to the content that they like and share is paramount to having a strong conversation with them. This is especially important to do if your lead is publishing original content on LinkedIn. Why? Because re-promoting their content by sharing it shows your support. Personally, I absolutely love when one of our vendors shares my content. It shows me that the rep is actually interested in having a relationship with me and that I’m not just closed won business.
Remember though, when you invite your prospect, always send them a tailored request to connect. Selling is way better received when it feels like a 1-to-1 relationship, rather than a blanket message to all people. As social selling magnate Nancy Nardin would say, “Social is personal!”
Here’s a basic example:
From the short message above, you can tell that whoever the requestor is (me, in this case), really dove into the person’s profile and even pointed out that the person had something to gain by connecting—content they might be interested in!
Once you begin connecting with prospects, their activity will show up on your feed. You’ll be able to find even more prospects because of this. When your connection, say a sales ops professional, likes another sales ops professional’s content, you’ll find yourself with another lead opportunity.
2. Warm Introductions
Even more powerful than a custom invitation to connect is a warm introduction. As you access people’s profiles, on the top right hand side, LinkedIn will automatically find people who you and your prospect have in common. They even tell you what your connection and your prospect have in common! Let’s look at another example:
In this example, I would be the sales rep and Elaine would be the prospect I’m looking to reach. Once I see that Sharon is a joint connection, I could reach out to Sharon and ask her if she would be comfortable with giving me a warm introduction to connect with Elaine since they went to the same college. After this introduction, I can steer the ship—but this makes reaching Elaine much easier than coming in cold.
3. Find the Right Leads with Sales Navigator
If you haven’t heard of LinkedIn Sales Navigator yet, you may want to check it out. There are numerous benefits to going premium on LinkedIn, from account filters that show you your target leads at your target companies to the social selling index that measures your social selling effectiveness (which I’ll cover towards the end of this blog).
So how do you get started? First, build out your account lists in Sales Navigator. Following accounts in Sales Navigator will provide you with up-to-date information on what is happening within that company. It gives you updates on what the company is sharing so that you know what your prospects truly care about and what their company is focusing on. Then, you can act on key events, such as funding announcements, to engage in meaningful conversation with your prospects. Being able to kick start a conversation with “Congratulations on the recent funding round” is much stronger than “Hey, I’m Russell.“
Oh yeah, and did I mention you can build lead lists in your target accounts? If you already have your target persona, such as those built to segment and target audiences within your marketing automation platform, take advantage of all the filters the LinkedIn premium account offers to create targeted lists.
This comes in handy when you need to, for example, find all the VPs of Sales in your region within your account tier, but don’t have a complete list of company names. You can go even deeper with profile filters such as keywords, seniority level, and industry. If you already have a target account list, you should do some account specific profile searching by using the “current company” filter.
4. Build Your Account Contact List with “Export to CRM”
One of the most painful things as a sales rep or business development rep is manually updating your CRM with new leads, which is equally important for your marketing automation platform since often the two platforms integrate seamlessly with the right solutions. Many times you’ll want to do prospecting in LinkedIn, but your CRM is your single source of truth (“If it’s not in the CRM, it never happened” type scenario.) Save additional time by adding in the “Export to CRM” Chrome extension to your browser. This allows you to easily create a contact in your CRM using someone’s LinkedIn profile.
This is especially helpful for the marketing team, who’s always on the lookout for new names to add to the database. Once they’re in the database, the marketing team can then support the sales team by plugging that contact into different, relevant, campaigns. Keep in mind that these contacts may not have opted-in to receiving email communications from you, so you may need to target them in other ways.
5. Measure Your Success with the Social Selling Index (SSI)
This last tip makes social selling even more fun. LinkedIn provides a way for you to be graded on how well you use the platform to do social selling. There are four criterion that go into this rating. The social selling index (SSI) “measures how effective you are at establishing your professional brand, finding the right people, engaging with insights, and building relationships.” These factors impact your social selling index:
- The amount of content you share
- The number of connections you have with your target audience
- How often you click on insights on your feed
- How much you interact with others
If you’re someone who manages social selling, sales enablement, or social media at a company, you can easily get people excited about their SSI score with a sales performance incentive fund (SPIF) and giveaways. Doing a major team-wide competition of who can raise their SSI score to the highest in a specific month can not only help your sales team sell better, but also help you get more brand exposure.
These social selling strategies are a win-win situation, helping you connect with more prospects and develop more meaningful relationships with them. Pretty soon, it won’t be considered “social selling,” it will simply be a part of “selling.”
What other tips do you have to boost sales through LinkedIn or other social platforms? Share them in the comments below!