Why 90% of Fortune 1,000 will use Linkedin’s Sales Navigator by 2016

March 21st, 2013 by Jordi Gili

Short answer: Linkedin’s Sales Navigator will help increase relevant lead generation, sales professionals productivity and CRM log activity – and management satisfaction.

© Photographer: Suprijono Suharioto
Agency: Dreamstime

You know it’s true: Sales professionals Don’t Like CRMs. Sales people enjoy client face time, talking to prospects, the “freedom” of getting out of the office on working hours, the hype of closing a deal. They bore the administrative work, logging their activities into the CRM- email, phone calls, client visits … they think it’s a waste of their time, most of the time duplicating work: p.e. actual calling and then logging the call details. And managers may concur that their logging time is not the most productive use of their -expensive- time.

You also know it’s true: Managers LOVE CRMs. It’s the reporting “manna”. Every sales rep would log its activity, pipeline, maturity of opportunities, size of potential deals, number of visits, calls … And C-level officers have a single, consistent source of information on actual sales and visibility on forecast and future sales. Only if those sales reps where diligent enough…

Now let’s picture this: A sales pro logs into the corporate CRM. A set of new leads is already in his inbox – the Linkedin Ads campaign and Intelligent Lead Generation has worked well this past night and has identified those targets that have clicked on the Ads. Every lead comes populated with its Linkedin profile, title, organization, and it’s within the sales representative target group. The Lead was assigned based on connections and social proximity. From within the CRM, he gathers intelligence on the lead, sends an InMail with a soft introduction, at the same time checks responses from past interactions with other leads. Linkedin’s Inbox is accessible from within the CRM, and every activity is registered in the lead record. The sales cycle phase is followed within the CRM and all other interactions with the leads are logged on the system as well – IP phone calls are just a click away on the lead profile’s number; emails and web conferences are launched within the CRM, … At the same time, cost is under control: Linkedin licenses are managed centrally, and are property of the corporation -so not every sales representative expenses its own premium membership. The company is managing a large number of licenses and therefore driving overall cost down and avoiding paying for memberships to professionals that may no longer be with the company.

Sell! with Linkedin - The book

Result: Sales pros will be comfortable using the CRM since it truly enables their productivity and the system automatically logs their activities; and managers are even more satisfied with results since they have a more reliable and updated source of information while managing overall costs.

This is not far from becoming a reality.

Linkedin Sales Navigator already enables:
- Marketing campaigns (Linkedin Ads)
- Generation of lists of targets and leads (Saved Profiles, Automated Searches)
- Display of Linkedin Profiles within CRMs (Salesforce, Dynamics)
- Gathering of Intelligence: Teamlink lets you benefit from your colleagues network
- Management of multiple memberships

What’s the opportunity:
- Creation and launch of campaigns – Linkedin Ads- from within the Campaigns section of the CRM
- Enabling of access to WVYP (Who has viewed your profile) from the CRM
- Integration of Linkedin’s Inbox and InMails with the CRM
- Integration with Sales Cycle Management, Social Media add-ons, and other pieces of software for complex sales solutions management – or development a product of their own
- Corporate Licenses to manage access to Linkedin’s platform from corporate CRMs

Linkedin Sales Navigator can, and will be, the single most relevant piece of software to drive revenue growth that large corporations will acquire in the coming three years.

At Tomsawyer (www.tomsawyer.es) we anticipate that 90% of Fortune 1,000 will use Linkedin’s Sales Navigator by 2016.

Would you agree? Any comments?

One Response to “Why 90% of Fortune 1,000 will use Linkedin’s Sales Navigator by 2016”

  1. Victor Arias says:

    If it only were true…
    Look forward to seeing this Linkedin Sales Navigator, as you name it, work and produce results. No doubt the Linkedin professional network is the key to its success.

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Sales 2.0 presentation at ESADE Business School

March 11th, 2013 by jgiliriu

I will be presenting on Sales 2.0 tendencies and state-of-the-art strategies for the Full Time MBA candidates at ESADE Business School in the coming days. Here’s the presentation.

Highlights:

  • How to build a Sales 2.0 Plan – It is NOT a marketing 2.0 plan
  • New Social Selling tools need to be integrated with CRMs
  • The revolution of active generation of Leads with Linkedin’s Sales Navigator, and
  • Detecting advanced buying signals within Linkedin (Signal) and Twitter (Socedo)

Sell! with Linkedin - The book

For Online presentation:

Sales20ESADE

Ideas, comments?

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Why your company needs Linkedin’s Sales Navigator

January 10th, 2013 by Jordi Gili

LinkedIn Sales Navigator

January 2013 – We are still in the early days of Linkedin’s new suite of products for sales departments within organizations: Sales Navigator. The suite will become more and more relevant throughout 2013, as new features are developed and the adoption rate climbs exponentially across the globe.

Linkedin’s current most successful suite of products, Talent Solutions, exploded in 2012, showing the path of growth for the company: building solutions for corporations founded on their 200M high quality, highly segmented member base. The company is currently enjoying three lines of revenues: Talent Solutions (Recruiting), Marketing (Ads) and Premium Subscriptions. At the beginning of 2012 (*), Linkedin found that there was a growing group of members, sales professionals, that were upgrading their basic accounts. They decided to create the Sales Solutions group and Sales Navigator suite to offer a complete solution to those needs.

At the company’s November 2011 earnings call, CEO Jeff Weiner mentioned that it is still “early days” of adoption of Sales Navigator. The company believes that there is an enormous potential for the suite, based on the number of the members of the site that are in the sales or business development fields.

If we consider the indicators of our own research, they show that the number of sales/business development professionals on Linkedin is roughly 7 times larger than the community of human resources professionals. Therefore there is a tremendous potential of growth in building the right sales products for corporations and individual sales professionals.

On top of the features that come with the free basic account (building strong profile, gathering intelligence on clients, developing your network, contributing insights, …), the Sales Navigator offers three major capabilities that may be extremely relevant to your sales organization:

Sell! with Linkedin - The book

I. Gathering Intelligence
Sales Alerts/Saved Searches: They save the time to perform the same searches again and again. Perform a search, save it as “Saved searches” and it will send you an email alert when new items show on that search.

Advanced Search/Premium Search filters: Be able to better segment your target audience with premium filters.

Who’s viewed your profile: View the complete list of the titles, regions, and companies of people who have viewed your profile. Privacy settings apply, though. Combined with other marketing tools it can provide great way to “close the loop” of a sale- Check my book “Sell! with Linkedin” on Amazon for details

Expanded profile view to Third Degree connections: A very useful tool to see the full profile of a potential target for your organization that would not be available to you with the basic account.

II. Sales department Teamwork tools
Lead Builder: This feature launches a Lead Builder page from your Search page. It helps you find leads based on criteria that you find most important. You can build lead lists based on Seniority, Function, Industry, Location, Company and Company Size. Once the results of your search have come up, you can Save them to use them again (Saved Searches) or in your Profile Organizer (under a shared Folder).

Profile Organizer: It’s a workspace where you can save and keep track of important profiles (directly or via Lead Builder) so you can visit them at a later stage or share within the organization. Organize profiles into folders, add notes and contact info, and see correspondence history.

TeamLink: Have the ability to see the different independent networks of every team member from a single, consolidated position. An out of your network target may be now on your network and reachable with this tool. It tells every individual who within the Team has a link to your target.

InMails: They give you the opportunity to send a personalized message to any LinkedIn member, even those outside your network.

Team Social Selling Index: For teams of 25 sales executives or more, Linkedin is providing a unique tool that rates how well they are doing on social selling.

Consolidation of Multiple LinkedIn Accounts: You can have a unified client experience with Linkedin and consolidate multiple linkedin premium memberships in a single account, and purchase multiple LinkedIn accounts for your team at any time.

III. Integration with Corporate Systems
Seamless integration with Microsoft Dynamics CRM and Salesforce.com: Linkedin is making the member profiles available in your corporate CRM. The LinkedIn for Salesforce application lets you view LinkedIn information about leads, contacts, accounts, and opportunities right in Salesforce. After installing the app, you don’t have to switch between multiple tabs and browsers to gather key profile, connection, and activity information about your leads and accounts.

Overall, a great effort from Linkedin’s Sales Solutions team.

Further Developments that we would like to see in new versions

There are some key development that would give corporations the ability to develop more complex selling strategies, like:

  • Exporting “Who’s viewed your profile” results to the CRM
  • Importing the Lead Builder, Profile Organizer and Saved Searches into the CRM platform
  • Some more exciting developments!

To know more: http://training.linkedin.com/sales/

(*) Mike Derezin, Global Head of Sales for LinkedIn Sales Solutions at the Dec 3, 2012 AA-ISP event in San Francisco, CA.

Sell! with Linkedin - The book

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Why you need a LinkedIn Premium account – if you are a sales professional

December 11th, 2012 by Jordi Gili

But we do have a shared objective, right? We want to sell.

I’m proposing to do it using LinkedIn.

We are professionals that need to have quick access to information, ease of use, eliminate the day-to-day difficulties that take up a lot of time to get around using tricks … we need a different service. And I would strongly recommend a Sales Premium Account.

As of today, there are three different choices of Premium Services targeted for Sales Professionals: The Sales Basic, the Sales Navigator and the Sales Executive.

Logolinkedin• The sales Basic is an option that doesn’t really offer much value, since you can achieve most of the results with simple tricks and playing a little with the tool (searches with more specific items, filtering by location, …).

• The Sales Navigator is the one that is actually recommended by LinkedIn and I need to agree that it is the service where you get the most value for your money. It introduces a new tool, the InMail that allows you to send a message to someone that you are not connected with. It includes a quota of 10 InMails to be sent and that we will use in some of the techniques. If you would buy InMails separately it would be much more expensive.

• The Sales Executive would be only recommended for advanced sales users on LinkedIn that rely heavily on LinkedIn as a source of revenue and apply all the techniques (and more!).

It’s time to take a step forward and get a Premium account of your own. There are occasions during the year that they promote the service and offer a try-before-you-buy one month for free. It’s a must to go and check out!

Sell! with Linkedin - The book

2 Responses to “Why you need a LinkedIn Premium account – if you are a sales professional”

  1. Thank you for the recommendation. As regards, Sales Navigator, can you please share how did it work out for you in terms of numbers? Which market was it directed towards?

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Building a Social Media Sales Plan

October 26th, 2012 by Jordi Gili

chess

The Social Media Sales Plan is a description of the tactics that you will use to bring the Strategic Objectives to reality. A previous Social Media Marketing Plan (*) should have set the basis: Developed Channels, Defined Product, Set Positioning Messages and hopefully also set the right pricing.  The sales plan will put all the pieces to work in order to achieve the sales objective.

We will follow a traditional approach to define the Plan: Set the Revenue Target, Evaluate Strategies, Channels and Resources and finally prepare a Pro-forma Statement of the  Social Media Sales Plan.

 

1. Set the Revenue Target

One of the results of the Strategic Marketing Plan should have been the quantification of the business of every macro-segment (*) and our relative interest in exploiting that opportunity.

For every macro-segment, based on size and intensity of resources needed to address it, we need to set a Revenue Target. If we have decided that our client is on Social networks then we need to define what is the revenue that we want to get out of it. Just like you would do with a Business Development professional that you hired to develop some other channel.

2. Evaluate a Sales Strategy. Active/Passive

I define a Passive sales strategy on Linkedin as the strategy that obtains its fruits from branding. The positioning efforts that are discussed throughtout the book it is about to published, need to boil down to a sale transaction if that is our goal and we have been consistent with our approach. If we are not achieving sales from passive strategies it is either because: It is not consistent enough (not well implemented) or not done with enough resources. We’ll see a detailed list of tactics to implement the Passive Sales strategy on a different post (*).

On the other hand we have the Active Sales Strategies. They are those that try to achieve the sales transaction with an active identification of a lead, engagement in a conversation involving a need, solution or “pain” discussion.

There are clear differences in the strategic approach to engage in a sales discussion. One –passive – expects leads to find and contact us, while the other – active – is proactively contacting leads to identify needs. Both have pros and cons, needs of resources, costs … and we’ll see the different implementations of the strategies in following posts (*).

3. Evaluate the Social Media Channels

Another result of the Strategic Social Marketing Plan is the identification of the channels that reach our client. If our client is a consumer, you are in the Business to Consumer – B2C – business. You would typically need to be on Personal Social Networks like Facebook, Tuenti, Blogger, Twitter … and those are the Channels that we need to set our Budgets for.

If our client is a Business, then you are in the Business to Business – B2B – industry. The social media channels that you need to evaluate and decide where you want to be are then obviously where businesses are typically Linkedin, Xing, Ushi, Plaxo, Twitter, …

Every channel that we decide to pursue needs a Revenue and Expense Budget.

4. Evaluate the Resources adequately

In accordance with the effort you need to develop every macro-segment if you need to achieve the Revenue Objective, you need the adequate resources to sustain the effort.

We need to stop and naively see the Social Media as a source of revenues with close to zero effort or resources.  We need to see it as another Salesman in the office that sells through internet. We need to pay him monthly and results will come if we do things right.

5. Develop a Specific Sales Plan for every Channel to create a Social Media Sales Plan

Finally, we put together the revenue target, the channel, the strategy and the resources to produce a Budget and an expected Gross Income for every the Social Media Initiative. If you add all the items, you will create a Specific Social Media Sales plan.

See an example of a Social Media Sales Plan table attached:

Channel Strategy Resources Expected Revenues Expected                   Cost Expected    Gross Income
Linkedin Passive ½ FTE $75,000 $40,000 $  35,000
Linkedin Active 1 FTE + Ads $250,000 $80,000 + $50,000 $120,000
Twitter Passive ½ FTE $55,000 $40,000 $  15,000
TOTAL $170,000

Table 1. Pro-forma Example of a Social Media Sales Plan

Want to know more? Other opinions? Different points of view? Just say so! – Comment!

(*) Not sure what we are talking about?- you need to get my book on this.

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The Jobvite 2012 Social JobSeeker report is out!

October 10th, 2012 by Jordi Gili

It is based on US workforce, but we can anticipate global trends for the coming years.

Top 10 Findings:

I. 75% OF THE WORKFORCE IS COMPRISED OF JOB SEEKERS, up from 69% in 2011
II. 69% OF EMPLOYEES ARE ACTIVELY SEEKING OR OPEN TO A NEW JOB, up from 61% in 2011
III. 61% OF JOB SEEKERS. SAY FINDING A JOB’S GOTTEN HARDER IN THE PAST YEAR
IV. 41% OF EMPLOYED JOB SEEKERS ARE OVERQUALIFIED
V. 1/3 OF JOB SEEKERS ARE LESS OPTIMISTIC ABOUT FINDING THE RIGHT JOB
VI. 88% OF ALL JOB SEEKERS HAVE AT LEAST ONE SOCIAL NETWORKING PROFILE; 64% have two profiles and 44% have three
VII. TWITTER AND LINKEDIN GAIN ADOPTION AMONGST WORKFORCE
VIII.FACEBOOK CONTENT MOST LIKELY TO CAUSE JOB SEEKERS TROUBLE
IX. 1 in 6 JOB SEEKERS CREDITS SOCIAL MEDIA WITH THEIR CURRENT JOB
X. 41% OF JOB SEEKERS FOUND FAVORITE/BEST JOB FROM FRIENDS OR FAMILY

Recruiters, Talent Acquisition Directors … time to redesign your Acquisition techiques and tools!

Jobvite 2012 Social Jobseeker Report

Find the complete report here: Jobvite_2012 JobSeeker_report

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The disruption of Social Media: a Target of ONE

September 28th, 2012 by Jordi Gili

These days we have been discussing about Selling using Social Networks. The key question is: Where do I need to be in order to be found, so my clients can buy my product?

This is one of the most important questions that we need to address for your Social Media Marketing Campaign.

The short answer is: I need to be where my clients are.

Internet and Professional Social Networks have disrupted the selling landscape. Up until the beginning of the XXIst Century, it was very difficult (or expensive) to place your product in front of every potential client. Your potential client could be very disperse geographically. Up until then, if you wanted to place your product in front of them you needed to open a physical location near their place.

The first revolution was the origin of internet and web pages, where some companies were able to break the physical (distance) relation with a potential client and present their products to the whole globe. Now your audience is the world.

Short after that, Google disrupted the selling practices by launching the Google Ads and Adsense products. It allowed companies to launch targeted campaigns by segmenting the global audience. The success of online selling campaigns grew exponentially. Now your audience is a segmented World.

The third revolution is Social Media Selling, in our case Professional Social Networks or, let just say so, Linkedin. We’ll see why we say (i) it’s a revolution and (ii) Linkedin is the social network to focus on. You are allowed to have one-to-one presentations of your product. You can target a single individual. Now your audience is ONE PERSON.

Would you agree?

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Googler2Employee: Integrating Social Recruiting into a Holistic Social Media Strategy

September 19th, 2012 by Jordi Gili

Since 2010 we are discussing with HR Directors that Social Media has to stop being seen as an exclusive Marketing/Branding Channel. The synergies with the rest of Corporate Core Processes are too major to be disregarded.

The following diagram describes our view on the role that Social Media will play in corporations in the future and HR in particular. Each corporate process will have a social media extension in order to add a channel of communication with the corporate community of stakeholders.

 

 

Social Recruiting has to be (and will definitely be) embedded in a holistic Social Media plan and strategy. There are significant synergies between your target social media customer audience and prospects/candidates to incorporate into your organization.

HR leaders should not ask themselves if they should use Social Media. Today they should be asking: What channels should I use: Twitter, Facebook, Linkedin, other social networks? Should I be involved and ask to be included and contribute to the corporate Social Media strategy? Benefits of being part of the leadership social media team are obvious if corporations can capitalize on the investment on branding.

In companies were they just realized that Linkedin is a great way to hire, and in a different department the management has just bought on the idea of using Social Media for marketing there is a major step forward in order to understand that combined social media efforts can be much more powerful.

Today we are frequently hearing expressions of system-implemented processes such as C2C (Customer to Cash), P2P (procurement to pay) and many others in worlds that are much more sophisticated than HR. Even though it will take some time for HR leaders to buy the idea, we will soon start hearing about processes such as: Googler2Employee, Employee2Alumni and Employee2Candidate.

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Get the Job! Interviewing hints from … Metallica?

July 12th, 2012 by Jordi Gili

In 2002, bass player Jason Newsted left the heavy rock band Metallica and the band were left out there figuring out who his replacement would be.

One of the most popular music bands ever, a high performance team under a different light, lost one of its key members.

They faced a Talent Acquisition situation and engaged a Search and Selection process. 7 Finalists [1] made it past the “headhunter” and were put in front of the Client – Star-band Metallica.

All the finalists had great technical skills, impressive career tracks, but only one would get the “we offer you 1 million dollars to join our band right now” line from Lars Ulrich.

What made the difference? A single word: Passion

On the DVD “Some kind of Monster”, there are 8 minutes of the interviewing process. It is quite similar to the usual talent acquisition process that you would find at a common company. It can be very interesting to watch in full.

One of the candidates, the amazing bass player Danny Lohner, struggles with some songs [2] (heavy rock listeners only!) and they even have to tell him how the songs go. How would he think that he would get the job if he didn’t know his part? He was just not ready to get beyond the technicalities and make the connection on a different level. The level that the band needed someone at: trust, communication, friendship … to help make the band better.

Another candidate, Robert Trujillo, was also on the list. In different passages of the video [3] you can see that Rob goes beyond the technical skills and takes it into a whole new level, one of his own that he CREATES, while distancing him from the rest of the candidates.

On the recap meetings show in the DVD, not only “He was the first guy that really looked like he was not struggling with it” – sound technical skills – but “you make us play better man. You make the band sound so much better.” He was able to connect on a different level.

No wonder why he was chosen.

Conclusion: Deliver Passion

Your technical skills are a GIVEN. Otherwise you would not be there at the interview. Demonstrate passion to Get the Job. Be prepared, know the company in advance, anticipate the questions, do the homework, anticipate scenarios. Anticipate action plans. The interview is FOR REAL, demonstrate how you would perform TODAY if you would be given the job. Don’t act as “I’ll learn …”, but “SEE HOW I DO IT …”

- Be the “Master of Puppets”

[1] Scott Reeder (Kyuss), Twiggy Ramirez (Marilyn Manson), Pepper Keenan (Corrosion of Conformity), Robert Trujillo (Ozzy Osbourne, Suicidal Tendencies), Chris Wyse (The Cult), Eric Avery (Jane’s Addiction), Danny Lohner (Nine Inch Nails)

[2] minute 5:08

[3] from minute 3:03 to 3:24, minute 4:06, from minute 5:18 to 5:20

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Continued discussion – Do you need a Linkedin premium account?

May 22nd, 2012 by Jordi Gili

There have been several comments on the previous post (why you don’t need a Linkedin Premium account). In particular, Victoria Ipri (at ModelloMedia.com) shares the following comment:

“Submitted on 2011/06/06 at 3:47pm

Jordi, I  wanted to add a thought.

One of the things I appreciate about the premium account is the Trends information, which is expanded to rank keyword importance by percentage. For example, since I teach and train in the use of LinkedIn, I use the words “LinkedIn” heavily within my profile to make it easier for members to find me and, therefore, the services they seek. Because my premium account allows for expanded analytics, I have been able to track + or – changes that demonstrate which keywords led members to my profile. For example, just a few short months ago, “LinkedIn” was responsible for about 7% of all profile visits from other members. It now sits at about 43%…likely due to the influx of new members stemming from the attention LI received for its IPO. But this is important to me for many different reasons. Of course, other phrases are tracked as well.

Additionally, when searching member profiles for specific keywords and phrases, I can see sections of profiles highlighted to match my search, which streamlines the process. Non-premium members do not see this. There are other important differences as well that make it worth the relative low monthly cost.

It stands to reason that one must optimize his or her profile to receive these benefits.

LinkedIn has done a subpar job of outlining the benefits of a premium account. Some members feel ‘ripped off’ by numerous changes to fees and structure (I hear there is a $7.95 monthly fee for yet another class of user.) It is confusing to most; ergo, the ongoing ‘bad press’ about paying for a premium account.

Bottom line- if you’re a power user of LI or do a lot of research on the site, the premium account is a no-brainer. If not, save your money. If you’re undecided, sign up and use the heck out of it for one month, then cancel out if you’re not satisfied.

On a side note, Jordi, when I am able to see exactly who has viewed my profile, I send them a note inquiring as to how I can help. It’s been a substantial approach to opening doors to new business.”

Great comment and tips from Victoria, that contribute to the discussion. I may agree to most of them, but I still doubt it’s good value for the money. More Ideas?

One Response to “Continued discussion – Do you need a Linkedin premium account?”

  1. Panama says:

    Probably because with the new pricing model, they actually would lose money by offering the lifetime sub. Considering the lifetime unlocks everything(even more than buying all content with a premium account). Including swift travel, etc. Now instead of the lifetime you pay the same price for the content roughly, but have to either sub or buy the swift-travel for a hour(which honestly is lame) along with some other perks. *edit* Just saw you posted this while I was typing Khafar lol.

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