The world has changed and it's changed a lot even in the last 24 months.
But just think how things have changed since the 1980s and 1990s. Walkmans, Faxes, Backberries, iPods all of these pieces of technology have come and gone, some of you reading this, won't even know what some of these things are.
My partner's youngest was born in 1995, he's now 26.
His frame of reference is different from somebody in leadership who got their degree in the 1980s and 1990s when advertising and cold calling where the two main ways of demand generation. Let's not forget that email marketing was only adopted on mass in the mid 1990s. But that was 30 years ago!
Let's look at the legacy world of sales and marketing
In case you missed it, the Bank of America’s Merrill Lynch have banned cold calling and have moved all their people to social selling. This isn't some trendy tech company that might have decided to do this on a whim, this is a very conservative financial services company that has made a decision based on data.
But surely cold calling has a better ROI than social selling? Not according to Merrill Lynch.
"They will also be encouraged to contact prospects over LinkedIn, which has a higher hit rate than cold calling"
Hubspot (and don't forget they sell email marketing so they have a vested interest to talk this subject up) say in this article
"Thank you Covid-19, we just broke the record for poor performance. According to Hubspot, the response rate to emails fell to a record low of 2.1% ...... Said differently, 98% of our efforts to reach new prospects failed.
With conversion down, what did we do? You guessed it, we increased the number of emails sent during the same period by 50%, according to Hubspot’s survey of 70,000 customers. We are playing a zero-sum game, and it’s literally a race to the bottom."
When a pro-email marketing site is writing articles like this, you know there is a problem.
Let me just reiterate this, Hubspot say that email marketing has a 98% failure rate.
This is why your leadership is wrong
Social selling have been proved to increase revenue in an organisation by 30% and reduce the sales cycle by 40%.
This is not my opinion, there is data to back this up.
Yesterday, I wrote about how social selling was increasing the conversation rate on Director level calls by 42%. Again, not my opinion, this is all data backed. I agree that we can only increase the conversion rate on rank and file people by 25% but either way scaled across your business this will make transformational difference to your revenue, profit and EBITDA.
So who's social selling?
The CRO (chief revenue officer), Richard Eltham of Namos Solutions, of one of clients posted a comment on LinkedIn about social selling. See here.
“Social selling is not an option now it is the way of the world and you either learn and execute it or fear getting left behind”
Kevin Murray who is the Head of Sales at MacArtney Underwater Technology recently posted about his success with social selling here and wrote an article about the transformation that has happened in sales here.
Here at DLA Ignite we don't do "hints and tips sessions" we don't want you to waste your money. Our social selling and influence methodology will provide your sales team with the stable platform for growth. It is also the only social selling program based on 70:20:10 change management principles which gives your business the mindset change and habit change they need in this digital world.
Other articles you might be interested in ....
Would you buy social selling training course from somebody that doesn't use social selling?
How to create budget and build a business case for your social selling project
Articles for the CEO
What does success in a social selling project look like?
Can I be fired for not social selling?
What's the difference between legacy sales and modern selling?
Is making no change to my sales team an option in the world today?
Can my business speak directly to the modern buyer while retaining control of the message?
What is the secret sauce of social selling?
Can social selling break down the silos between sales and marketing?
Can I turn my LinkedIn time line from a load of rubbish into a load of value?
Why your random acts of social are killing your business
Can I find investors for my business with social selling?
Not understanding social selling is totally fine
Your social selling project isn't a decision of "yes" or "no" , it's when
Are you still measuring digital with an analogue mindset?
Can Social Selling help me navigate the great resignation?
Should my 2022 business planning include social selling?
Can I be data driven with social selling?
How grid selling will transform your pipeline and win rate
Can I use social selling as a small business?
Is your competition transforming to social selling in stealth mode?
Articles for Sales leadership
For fax sake at least know what social selling is before you dismiss it!
What is social selling?
Can I see which salespeople are contributing with social selling?
Can I get a consistent prospecting framework for managers with social selling?
Can I get complete visibility to measure and monitor each reps results with social selling?
Can I get accountability across my sales team for prospecting with social selling
Can I gain an effective prospecting framework with social selling?
Can cold calling and email marketing kill my business?
Can I measure our social selling project?
Can my lack of confidence of social be holding my team back?
Can I get the most from my sales navigator licenses with social selling?
Can I de-risk my pipeline with social selling?
Can my salespeople create content?
Can social selling create value for my clients?
Can I use prospect sequencing with social selling?
Can I build a social selling program or should I buy one?
Can my behaviour on social media be losing me business?
Can I run QBRs with social selling?
Can I increase deal velocity with social selling?
Can social selling help me sell, if everybody is on vacation?
Can social selling help me avoid attrition in sales teams?
Can social selling help with team selling?
Reading blogs won't transform your pipeline
You are the sum of all your digital handshakes
Why social selling isn't just marketing
The difference between LinkedIn training and social selling training
Can programmatic social selling sort my pipeline issues?
Will being part of the conversation on social generate me any revenue?
Articles to support sales people - sales process and sales tips
Can social selling help with my discovery calls?
Is social selling inmailing people on Linkedin?
Can I unblock deals with social selling?
Can I get more meetings with VPs with social selling?
Can I get on more short lists with social selling?
Am I being outsold by my social selling competition?
Can social selling stop prospects from ghosting me?
Can I be a catalyst to change with my prospects with social
Can I influence the buyer's journey with social selling?
Can I optimise my selling time with social selling?
Can I gain a competitive advantage with social selling?
Why automation is a zero sum game
Can I get a predictable prospecting system with social selling?
Can I sell $1 Million deals with social selling?
Can I get headhunted for my next job with social selling?
Can I use prospect sequencing with social selling?
Can I use social selling if I have nothing to say?
Looking for hacks, maybe you shouldn't
How do I make the most of a slow summer sales period?
How do I sell social selling training to my boss?
Can I get invited to more client top table discussions with social selling?
What is the best way to influence my LinkedIn network?
Can I use social selling to sell into a territory?
Can I use social selling to grow pipeline within target accounts?
Can social selling help me if my companies website isn’t good enough?
Can social selling help me if my prospect list is out of date?
Can social selling help me if we are too expensive?
Do my SDRs need to become hybrid?
Can social selling help me if we are not market leader?
Can social selling help me get past gatekeepers?
I don't know you. I've never spoken to you. You've never acknowledged my existence. But you want me to help you!
What should you do if your leadership team is not social
Can my content, create action in my prospects with social selling?
Can social selling work for me as an SDR?
I need to do this Linkedin thing and I need to do it now
Articles to support channel and third party selling
Can social selling help my channel partners sell more?
Articles to support Account Based Marketing / Account Based Selling - ABM - ABS
Can we make our ABM program a success with social selling?
Articles about Employee advocacy
How empowered employees on social media became more powerful than brands
Why employee advocacy isn't a silver bullet
Articles for Marketing
I paid for somebody to write my Linkedin profile, isn't it awesome? No!
Can social selling be relevant to me if I'm in marketing?
Can social selling put marketing front and centre of a business?
Can my prospects and clients get value alignment with my business though social selling?
Can we get away with just updating our LinkedIn profiles a bit?
How to Create Simple Social Media Rules for Employees
What content works on LinkedIn and for social selling?
Can I win more B2B deals with buyer enablement?
Can I transform my team with two 90 minute sessions on social selling?
Can I get better results for my ABM campaign with social selling?
Are my prospects and customers searching for insight on social media?
Our VP of Sales Just got 83 likes on a LinkedIn post, so that means we are social selling? No!
Should you outsource your social media?
Can I get banned from LinkedIn if somebody else manages my profile?
Articles for social procurement
Can I use social media in procurement and supply chain?
How social transformed procurement
Articles for the CFO and Finance
Accelerating digital skills is one of the top priorities for finance leaders