Are You a Social Sales Pacesetter? Or Are You Losing Business to One?

Are You a Social Sales Pacesetter? Or Are You Losing Business to One?

Written By Jeffrey Gitomer
@GITOMER

KING OF SALES, The author of seventeen best-selling books including The Sales Bible, The Little Red Book of Selling, and The Little Gold Book of Yes! Attitude. His live coaching program, Sales Mastery, is available at gitomer.me.

Here are a few questions to get your social sales juices flowing:

  • Why are big companies interested in big data?
  • Why are formerly non-social companies suddenly scouring and analyzing social data?
  • Why is “mobile” the new “social?”
  • Why is “cloud” the new data room?

Often referred to as pacesetters, companies that have chosen to embrace and engage cloud, analytics, mobile, and social strategies are cleaning the clock of their competitors who have chosen the path of cautious resistance or even abstinence.

NOTE WELL: The real pacesetters are using all four strategies – not one or two.

PERSONAL NOTE: When I saw the statistic that 68% of Facebook usage is mobile, I realized the revolution was in full swing and those not playing hard would lose sales, loyalty, goodwill, reputation, and profit.

REALITIES:

  • Customers are smarter. You must be at least as smart.
  • Customers are social. You must be at least as social.
  • Customers are mobile. You must be at least as mobile.
  • The availability of online information about you AND your competition is instant.
  • Customers expect an easy-to-buy process.
  • Mobile is not an option – it’s an imperative.
  • 24-7-365 is the new 9-5.

My good friend, Sandy Carter, is one of IBM’s General Managers, and their social selling evangelist. Sandy fed me some support data from their recently published IBM’s 2014 Business Tech Trends Report. The report reveals that previously emerging trends like Big Data and analytics, cloud, mobile, and social are now being implemented across corporate enterprise beyond just experimentation and wait-and-see.

The Tech Trends Report also found that the gaps in IT skills that used to exist within these core segments are starting to narrow as organizations are uncovering the skill sets needed to use these technologies to their full advantage.

THE SECRET: These big pacesetter corporations have discovered that by partnering with smaller, specialized companies they are able to obtain the critical skills they need to gain a competitive advantage — thus paving the way for innovation and increased market share. They also learned that total integration of all four pacesetter elements was their breakaway move.

BOTTOM LINE FOR FASTER SUCCESS: Pacesetter organizations are now finding partners in a myriad of places including academia, start-ups, clients, citizen developers, and established specialized leaders. Pacesetter corporations that integrate cloud, analytics, mobile, and social technologies across their business are four to seven times more likely to use cloud to deliver social, mobile, big data, and analytics.

In short, pacesetters use technology for the competitive advantage
and the results are more profitable business outcomes.

Here are a few concepts beyond buzzwords that will help you think about and understand why these strategies are being deployed and bringing amazing returns:

  1. Cloud Strategies: Where can I store data and apps that are accessible on demand globally?
  2. Social Strategies: How am I in touch with my customers to give them information and social proof, and how can they be in touch with me to tell me all is well?
  3. Mobile Strategies: What are my customers using to communicate ideas, needs, and desires? How are they accessing my information? How are they purchasing?
  4. Analytics Strategies: Data helps make better and smarter decisions. Data shows the past, reveals the present, and helps predict trends in the future. Another word for analytics is profit. REALITY: An app without analytics is a washing machine without a motor or a car without gas. How is your EXISTING data being mined, analyzed, and used to target trends, analyze profits, and increase sales?

4.5 Partnering Strategies: How are you using SEO experts, app builders, bloggers, and social awareness companies – global outside experts – that can help you achieve amazing success in a fraction of the time (and cost) it would take to do it yourself? By engaging with professionals like Bold SEO, you can leverage their expertise in SEO and digital marketing to streamline your efforts, allowing you to focus on core business functions. As your organization harnesses these strategies and partners with the right experts, you’ll find that your social interactions flourish, leading to increased engagement and a significant boost in sales.

YOUR BOTTOM LINE: Now is the time to get your social mojo working in your favor. The opportunity is ripe and the expertise you need is at your fingertips. Carter told me, “The companies we deal with that listen to us with ‘all ears’ and eagerly implement the pacesetter solutions quickly convert their investment to ‘all clicks’ as their social interactions skyrocket and sales quickly follow suit.”

How’s your conversion doing?

“Get involved and get more.” If you search the hashtag #IBMBTT you’ll be able to access pacesetter ideas and answers – and maybe add a few of your own.