Turning Connections into Sales
As a sales professional, how big is your most extensive network of contacts? You may be used to having a rolodex (digital or otherwise) filled with many dozens of customers, vendors, prospects, and other contacts. But what if you could expand that network into the hundreds—or beyond? Social networking allows you to grow your network bigger and faster than any traditional method, and LinkedIn is leading the way for professionals worldwide.
Unlike other social media sites, LinkedIn came out of the gate targeting professionals, and establishing itself as a site for furthering your career as opposed to sharing personal updates with friends and family. Once you are signed up as a member, LinkedIn gives you the ability to create a professional profile largely centered on your career. Similar to a resume, your work history, skills, education, and other credentials are all prominent components of your online profile, making it a rich database for job hunters and human resources (HR) recruiters alike. This helped create its reputation as a job search site early on. But it quickly became clear that this professional networking site was much more than a digital resume repository, and was equally valuable to sales and marketing professionals as it was to HR recruiters.
The growth in LinkedIn's extensive membership base is undeniably helping fuel its role in the social selling process. Since its official launch in 2003, LinkedIn has expanded to more than 200 million members globally. Seventy-four million of those members are in the United States, while nearly 64 percent of its total member base is from other countries. The expansion rate doesn't show any signs of slowing down. According to usage statistics from LinkedIn, approximately two members join every second—that's nearly 173,000 new member profiles created each day.1 The seemingly endless stream of new, active members helps make it an appealing lead source.
LinkedIn's layers of easily accessible data about its members, such as where they work, who they know, and how to reach them, also supports the social selling process. And just for good measure, it provides you with tools (both free and paid) to help you search for, connect to, and interact with both customers and potential prospects, even those that are the most difficult to reach using other traditional methods—such as phone calls and emails. It shouldn't be a surprise that so many adept salespersons quickly realized its potential; and to LinkedIn's credit, the site has been fast to respond, moving the site well beyond a place to manage your digital resume. According to Koka Sexton, the global senior social marketing manager for LinkedIn:
LinkedIn is already being used by a very large number of sales people and that number is going to grow a lot over the rest of the (upcoming) years. We know that when sales people think “social” they think about LinkedIn and we want to create an environment so that sales professionals can leverage our social network to be more productive.2
You may have even heard LinkedIn referred to as the replacement for cold calling, but it's so much more than that. If used to its fullest capabilities, it could possibly become your number one prospecting tool, particularly for B2B sales. Unlike Facebook and other social networking sites that lend themselves to B2C marketing, LinkedIn has always been known for its emphasis on professional networking versus social networking. Businesses have seemingly upheld this view, reinforcing it as a valid social media site for professional purposes. It is this recognition of LinkedIn's value as a sales tool that separates the social selling pros from the amateurs and the dabblers. According to Sexton, social selling high achievers use LinkedIn as their primary sales tool. “High achievers always use LinkedIn to identify potential contacts,” he says. “They are connected to over 50 percent of their customers and they leverage those connections to get introductions into new accounts.”3
How do you become a high achiever and turn connections into sales? It starts with a few basic rules, a handful of LinkedIn tools and strategies, and a serious commitment of your time.
The foundation of a successful LinkedIn experience starts with the profile, or public LinkedIn page, that you create on the site. Although your profile is more than just an online version of your professional vitae, there are many shared attributes when it comes to leveraging it to reach prospective customers. Showing your job history, especially your current position, is actually helpful in the social selling process. First, it provides an immediate association with the company you represent, and second, your experience (if described properly) reinforces your expertise in a particular area. Remember, a great deal of the social selling process is about establishing your credibility and building a relationship so that you can guide prospects through the buying decision. If you are connecting with prospects and customers via LinkedIn, you want to demonstrate why you are the best person to help them find a solution in the industry you represent.
But your job history is only the beginning. There are five key areas, as shown in Figure 11–1, that are critical to complete as you begin constructing a LinkedIn profile. These core areas, along with several other sections (which I describe below), come together to form an influential profile that allows you to connect with and sell into your targeted audience. In addition, LinkedIn allows you to include images, video, presentations, and other documents that add visual interest to certain areas of your profile. This is a good opportunity to include company brochures, product videos, or sales presentations that not only make your profile stand out, but immediately provide visual representations of your work—or your company's products and services. You also have the flexibility to rearrange the order in which some information appears in your profile sections. But let's start by taking a closer look at the five key profile components (including those that allow you to attach images and documents):
When choosing a photo, select one that looks professional and preferably is a head shot, or a photo that clearly shows your face. I also think it's preferable to smile in your photo so that your picture is more inviting or likeable. Using pictures that are off-putting, blurry, or unprofessional are almost as bad as having no picture at all! Keep in mind that LinkedIn is a social network geared toward professionals, and your picture serves as your first impression. While that photo of you at the beach may be a fun shot for your personal Facebook page, it does not belong on LinkedIn. Your photo should help reinforce or build confidence in you as an expert, not distract from your professional qualifications.
It is also one of the sections of your profile that has the least flexibility. You can change your picture, of course, but it must always reside at the top of the page—and there's no option to add images or documents to the overview. This information, however, is searchable both within LinkedIn as well as in search engines such as Google. It's possible to change the privacy settings to control what information is public and whether it is viewable by search engines—but when it comes to using LinkedIn for professional purposes, especially as part of the social selling process, you should always make your profile visible to the public and to search engines.
The background section is your chance to shine! It provides you the opportunity to rearrange the order that your information appears and allows you to add lots of eye-catching visuals and engaging presentations and videos in the Summary and Skills and Expertise areas. You don't even have to list your work experience in any type of chronological order, if you prefer. It's up to you to choose what information is highlighted—and where it appears.
Now that you understand the basic information that's included in your LinkedIn profile, there are several other helpful areas or descriptions that can be added to your profile. Using these optional sections, you are able to provide a more complete picture of who you are. Not only does this provide more reasons for people to connect with you, but it also reinforces your knowledge and expertise in a particular field. Some of the more important profile add-ons, as I refer to them, include the following:
For now, I think endorsements can still be valuable in the social selling process because they do provide a quick overview of how people categorize your capabilities. Plus, LinkedIn keeps a public tally, visible next to each skill, of how many times you are endorsed for a particular skill. If you have been endorsed 118 times for being a Public Speaker, people viewing your profile for the first time are more likely to believe you must be pretty good at that skill! Why not use this public validation of your skills to your advantage?
Additionally, when people endorse you for a skill, it's a good excuse to reach out to them and potentially renew an old connection. You can also thank the person for the endorsement, and if it's someone you have worked with, ask him or her to expand upon the endorsement and write a recommendation for you. On the flip side, if you are looking for a subtle way to get on the radar of one of your connections, you may want to endorse that person! (But only do so if you truly have reason to know that she or he is good at the skill for which you are endorsing her or him.)
Whether it is an optional section or one of the five core sections that make up your profile, as you complete each one, keep the following in mind. It may be tempting to use descriptions similar to what you would use on a resume—short, bullet-point style phrases that focus on key accomplishments or goals. Instead, think of your profile in terms of how you want your customers to see you rather than how you might want employers to see you. Use descriptions and keywords that matter most to prospects in your industry. Write sentences that illustrate how you have helped customers, as opposed to how you helped the company for which you work. Use your profile to make a good first impression—and to sell yourself as an expert who can help people identify and solve their problems as a consumer (B2C) or a business (B2B) as they relate to the types of solutions or services your company provides.
Once your LinkedIn profile is completed and fine-tuned, you are ready to start building your online network. You may already have started this process and know that it's not difficult to ask for a connection, which is how LinkedIn describes the relationship between its members. Instead of followers or fans, you make connections on LinkedIn. There are, however, some basic guidelines to consider when attempting to make connections; and there is a strategy you can use to more effectively and efficiently grow your network.
First, exactly how many connections do you need? That depends on how you are using the networking site. Consider the conclusions from Steve W. Martin, who interviewed top IT salespeople about how they used LinkedIn in the sales process.5 He labeled the most active users “enthusiasts” and noted that, on average, each enthusiast had over 700 connections—and more than 85 percent used it to “engage prospective customers during the sales process.” Not surprising, nearly half (40 percent) of the enthusiasts confirmed they had generated revenue as a result of their connections and activities on LinkedIn. It's difficult to say with certainty that more connections lead to more social selling success, or that 700 is the magic number for connections that generate revenue. But other research and informal data I have seen in the last few years seems to show similar patterns, namely that the more active LinkedIn users tend to have more connections.
One reason that a greater number of connections may equate to more success is due to the way LinkedIn connections are structured. Using a degree-of-separation theory about the power of your extended social network, not only do you have first-degree connections, but also second- and third-degree connections that are based on association. First-degree connections represent the people you actually know and to whom you have the most direct connection. As LinkedIn founder Reid Hoffman explains: “Your friends know people you don't know. These friends of friends are your second-degree connections. And those friends of friends have friends of their own—those friends of friends of friends are your third-degree connections.”6
The takeaway is that there should always be one person in the middle, or someone who knows both you and the person in that second or third degree, and who can make the introduction to the person to whom you want to connect.
Technically, everyone and anyone on LinkedIn is a potential connection, but there are many reasons to be strategic when growing your online network. For starters, LinkedIn imposes some restrictions and guidelines for connecting. When you send an invitation to connect with someone, LinkedIn wants to understand how you know the person and asks you to select whether or not you have an existing relationship (such as a coworker, friend, classmate, or someone you've done business with). If you don't know the person in one of these ways, then you'll be asked to provide an email address of the person before LinkedIn lets you continue. What happens if you send requests to people you don't really know? If the person responds to a request saying they don't know you, then LinkedIn may penalize you. According to a LinkedIn policy, they could require you to provide an email address for some or all of your future connection requests. And, if you send too many invitations to connect with people who don't respond to your requests at all, or who mark your connection invites as spam because they don't know you, then it could raise a red flag in LinkedIn's system. This may result in having your account temporarily restricted or suspended, making it inaccessible to you for a certain period of time.
Similarly, if you search through too many profile pages in a single day, LinkedIn may label it as excessive activity and associate it with a robot or a spammer. As a result, you may receive a restricted action message that temporarily limits your page views within LinkedIn. Because you can be penalized for being too active on LinkedIn or for being too aggressive in connecting to people, it's important to think of building your connections in phases, and over a period of days and weeks, making connections in small batches at a time. Don't worry—your patience and methodical approach will pay off! I suggest building your contacts in the following layers:
As you are expanding your list of connections and sending out invitations to connect, there are a few best practices that are considered musts if you are going to find success on LinkedIn. These include:
With the need to be so strategic in the way you connect and given the limitations and penalties LinkedIn puts on you, it may seem that LinkedIn is making it hard to expand your horizons. In actuality, they are trying to preserve the value of the overall network and ultimately the quality of the relationships being built. To do this, they have to minimize low-quality connections and keep what might be considered spam at a minimum. Not to worry! LinkedIn even provides you with tools to make it possible to meet people outside your network and expand your connections, using the following two tools:
Most social networking sites offer a multitude of ways to interact with people you know, and increasingly the sites are trying to help you engage with people you don't know—or expand your reach to a larger audience. In part, this is to help you get more value from networks like LinkedIn, especially when using it as a medium to reach potential customers. Of course, social networks are also trying to support their own business model by monetizing some features and services. LinkedIn, a public company, is no exception and offers a couple of paid engagement opportunities of which you can take advantage.
Ads and sponsorships are two of the biggest components of paid opportunities, but I also include any prospecting tools and upgraded memberships that incur additional charges as part of the non-organic (paid) category. LinkedIn offers all of these and I view the paid components as being equally important to the social selling process as organic opportunities; the two often go hand in hand in order for a salesperson to be most effective. Not only do fee-based options typically provide a more direct route for lead generation through social media channels, but they help create brand awareness. The awareness, or having your company visible in LinkedIn through ads, for example, can make it easier for you to then connect and engage with a prospect if she or he already has an idea of who the company is. This is especially true if your company isn't a well-known brand. Here are the paid opportunities that may be helpful to you when prospecting within LinkedIn:
Of course, you don't have to spend a lot of money on LinkedIn upgrades to find social selling success. There are other ways to reach and engage with prospects through organic (no-cost) activities. Again, paid opportunities often support the organic opportunities, but you can achieve success in LinkedIn with minimal or no expenditures. Growing your network with connections and asking for recommendations is at the root of organic activity, but here are some other ways you can take advantage of LinkedIn—for free!
Since you are limited to how many groups you can join, and because you want to select ones that are most active, get to know more about a group before you join. LinkedIn includes information about the group that is accessible from the public view of the group's main page. The information, called Group Statistics, located in a box toward the bottom of the page, as shown in Figure 11–3, allows you to see such facts as how many participants a group has, how active the group is (the number of recent discussions), where the majority of the group's members are located, and what seniority most members have. Staying active in multiple groups is a tactic top sales professionals use to find and engage with leads. In fact, the “high achievers,” as referenced by LinkedIn's Koka Sexton, are members in thirty or more groups and contribute to them at least two times a week. Examples of some types of “contributions” you can make include:
An extra benefit of participating in groups is that it provides you with another legitimate reason to extend an invitation to connect when building your network. Even though you may not know the person well, you can still send an invite to connect because you share membership in one or more groups.
You don't have to participate in or utilize all of these organic activities within LinkedIn. These are examples of the various ways you can remain visible in LinkedIn, reach prospective customers, and expand your network of connections. If you can't consistently keep up with all of these areas, don't stress about it. Pick one or two of the easiest or least time-consuming activities and start there. But remember, as with networking offline, the more time and effort you put into smart, strategic networking on LinkedIn, the more of a return you are likely to see—especially for B2B prospecting.
In the next chapter, we will look at Twitter, another social networking platform that lets you connect with potentially thousands of friends, prospects, and influencers—in less than 140 characters!