The 10-Step Process to Closing New Deals with Social Media

Selling is Social

It is comical that people forget that selling is a social process. Selling is largely an interaction between individuals. Granted one can purchase various products or services from a website and never need to talk to anyone. Nevertheless, the majority of B2B sales require humans to talk to other humans while understanding the buying process and determining problems that need to be solved. Every good seller has a sales process that follows the way people want to buy. Today, for most sellers, that process should include using social media. So, let’s explore how to use social media throughout the sales process.

Crucial Step Missing

Firstly, the 10-step sales process below is enumerated below. If the process is followed with strong strategy, you will bring forth the best possibility of attaining prodigious results. There are countless ways to execute the actions for each step, but many salespeople are missing a crucial one. It seems that many sellers are using social media to prospect, but don’t find ways to intertwine social media throughout the entire process. Social media can be the key to success in every step of the sales process, helping you add value and insight to move the opportunity forward.

Ten Step Sales Process

I. Target
II. Build Awareness
III. Develop Interest
IV. Determine Needs
V. Educate
VI. Close the Deal
VII. Implement
VIII. Retain
IX. Grow
X. Acquire Referrals

Successful sales processes begin with targeting the appropriate audience to ensure successful prospecting. Subsequently, build awareness and develop interest, so that the target audience has heard of your company and identifies with your brand when they are ready to buy. When the prospect is ready to purchase, the process then moves through determining the prospect’s needs to educating the prospect on how you solve their problem and on how to buy from you. Furthermore, implementation is critical. Most salespeople feel this part is completely out of their control, however, it is part of the process. Unhappy customers do not continue to buy, and they do not refer you to others. An effective sales process moves the customer through implementation in a way that ensures customer satisfaction and secures subsequent purchases. Contented customers buy more and become loyal clients who provide excellent referrals.

Each Step Should Implement Social Media

Every step in the process can be bolstered by social media — even when it may not be obvious. Let’s explore how platforms like LinkedIn can be used to move through the sales process to close more deals and make your customers so happy they become walking advertisements for you! These ideas will work with many of the social platforms on the market; however, the preferred option for business to business sales is LinkedIn because 80% of B2B leads come from LinkedIn.

1. Target
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To target your audience effectively, you first must define your ideal customer, which your marketing team may have already done for you. To clearly identify your ideal customer, think of these characteristics:

• Demographics: The age, revenue, location and business sector for your ideal customer
• Psychographics: The attitudes, values, or lifestyle your perfect client embraces

Once you know who your target audience is, then you can figure out where they are and how to contact them.
We recommend a variety of methods in the prospecting stage that include; social media, email, mail, voicemail, live events and getting introductions.
LinkedIn simplifies finding your target audience by allowing searches for companies that meet specific criteria. Perform a search and make a list of 10 businesses that fit your criteria. Next, find 3 to 5 people that will be a part of the buying committee when purchasing from you.
Once you have a list, it’s time to do some Google research. Search each organization in Google to find its official website and social media accounts. Now, follow the business on each of those outlets so you can watch its activity. Then, the next step would be to start interacting. Be sure to follow the individuals but don’t connect yet.

 

2. Build Awareness
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Once you have identified a list of companies and followed each on social media, it’s time to interact. Every like, comment and share will draw the attention of your target customer.
Be aware that larger companies usually assign a marketing person to operate their social media. But, in smaller companies, the owner often runs these channels.

You will also want to interact to build awareness with the individuals at the company who may be involved in a decision to buy your solution. In LinkedIn, you can click on the company page and see all the people connected to that organization. Find the right people, follow them and start interacting, but don’t connect yet.
Once you have started developing a relationship with someone by interacting with their posts on LinkedIn, Twitter, Facebook or other channels, you can ask to connect. If they accept, you have an opportunity to start a conversation, discover commonalities and develop their interest in learning more.

3. Develop Interest
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Offer some ideas, resources or articles that might pique your new connection’s interest. Once you’ve done this and received a positive response, it’s time to move the conversation offline.
Once you’ve connected with your contact and offered them some valuable information or insights, they are likely to say yes to a meeting. Now, your prospect knows who you are because you’ve interacted. You’ve built awareness. This person also knows you have integrity because of what you post and what you shared. That is how you develop interest so that you can determine if there is a need. The selling doesn’t start yet. You are still getting to know the person to determine if they are a prospect. No pitching. Asking questions and learning is key. If they accept a meeting you can determine their needs.

4. Determine Needs
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Typically, at this point in the sales process, it’s time to get off social media and meet in person or via phone or video meeting. You need the direct interaction of a conversation to ask the right questions and determine if your prospect has a need for the solutions you can provide. You’re looking for a fit. A fit between their challenge or need and what you can provide.
However, you can use social media to anticipate some of your customer’s needs. For example, many companies will publish job openings and promotions. Look to see if your contact is posting in a LinkedIn group with a question or request. Watch for the release of new products, company announcements, and awards. These posts can provide insight into an organization and its needs. They can also help you prepare for your conversations. You can show that you are aware of things that are happening at their company because you have paid attention to these posts. Be savvy and follow the clues companies and their employees send on social media.
After you’ve conducted a discovery meeting and determined whether or not it’s a fit, you must follow-up with the prospect. Since you’ve moved the relationship off social media, you may think that you’re finished with it. Wrong! Platforms like LinkedIn can be very valuable to break through the clutter of your contact’s inbox. Some people have so many messages that they are not going to see your emails or listen to your voicemail. If you follow-up with them on social media, especially LinkedIn, your message will likely stand out more.
Even if there was no fit between your product and their need, there is value in maintaining the relationship for future needs, referrals or when that person moves on to the next company. Don’t underestimate the power of a relationship, even when you don’t have a deal to move forward.

5. Educate
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If there is a fit and you are moving forward, it’s time to educate the prospect. They need to understand the details of how your product will be implemented and provide what they need. Not only that, they need to be educated on how to buy from you. Many salespeople miss this part of the education process. Salespeople believe the buyer knows how to buy and of course, they know their internal process. But what they don’t know is how your process matches how they buy. Your salespeople need to be well versed in how the process flows to get a deal closed. They also need to share this with the prospect and write out the steps and timeline for the prospect. This process will not take place on social media. But, some parts of the education process can. YouTube is another great place to share demos or product information. If you have online reviews on social sites you can send links to those. You can reinforce the education in small bites with links to these and perhaps blog posts or other information on your website. Of course, you can do this by email as well, but look for opportunities to communicate with your prospects on the channels they prefer.

6. Close the Deal
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Now, closing a deal is not going to happen online. That is for direct communication with the prospect. However, once you have closed a deal, social media comes back into play. For example, many companies like to announce new partnerships on social media. If the company you’re doing business with likes to do this, then use a platform like LinkedIn, Twitter or Facebook, to post about how you’ll be working together. Photographs of your team working together at a trade show or on site, are great pieces of content to post.
Many companies pass the client to a Customer Success group at this point. Either way, the salespeople and sales leadership can stay in touch with the customers through social media as well as other methods.

7. Implement

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Continue to build relationships after you close the deal. Your organization needs to implement and deliver the promised work impeccably. This part of the process is typically not the salesperson’s job. Nonetheless, as your business is performing, salespeople can stay in touch with your customers and interact with their posts and at the appropriate times by sending a direct message on LinkedIn asking how the implementation is going. Of course, this step can be performed by phone or by email as well. Continuous follow up ensures accurate and timely delivery along with enhanced customer satisfaction.

8. Retain
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Retention is another area that may fall to Customer Success; nonetheless, the salesperson should remain involved. In fact, many people in your company may work to help retain this customer, they should all be connected with them on LinkedIn or other social media that makes sense. Social media can help you easily keep in touch with multiple accounts over time. While it may be difficult to call each client frequently while you are out hunting for new business, you should continue to use social media to stay connected and learn about the business. Try sending your contact an article from your company blog, a thank you or interacting with a post they’ve created. You can make introductions to others you know that will be good connections. Social media a low-pressure way to stay in touch. The wonderful thing is you can do it any time of the day or night, so it doesn’t interfere with your prime prospecting hours.

9. Grow
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Many salespeople must also get more business from existing customers. Lucky for you, you’ve already developed a relationship with your clients on social media, and you can listen for additional needs. Watch what they post and see if it creates a new opportunity for your business or a reason to get in touch. You can also use social media to suggest other services and products with a soft touch, by sending content from your blog or a video.

10. Get Referrals
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The final step in the sales process is leveraging your existing customers to create new connections. If you’ve followed this process to this step, you have a satisfied client. You stayed in touch with your new customers and have grown your relationships by adding value. You’ve earned the right to ask for referrals. Loyal customers are happy to give you a reference and make an introduction when asked. This step is an excellent opportunity to use social media again.
Social media provides access to your connections’ connections. Build a list of who you want to be introduced to. Use LinkedIn to see who your client is connected to and then determine the best way to ask for an introduction. Occasionally, one may ask for the introduction on LinkedIn but typically, a phone call or email work best.

Here are a few examples:Hi Victor,

I hope that things are going well. I saw that you were in Waset recently and had the chance to catch a few shows. That must have been fun.
Last time we talked I mentioned that I was growing my business and looking for a few more great clients like you. I noticed on LinkedIn that you are connected to Tammy Graham. I’m wondering if you know her well enough to make an introduction? Let me know so we can discuss.

Thanks,

Frances

Here’s another example:
Hi Nancy,

I loved your recent article on online learning. You are absolutely right about the way things are changing.
I was on LinkedIn and notice you are well-connected to three of the companies I am following, Rosewood Equity Partners, Feasts and Faraway Places and Tesla. I’d like to meet some of the key players from these companies. Would you feel comfortable making a few introductions for me?

Frances

As you can see, both emails are personal. These messages can be sent via email or social media. The key is, you must know them well and have an established relationship that earns you the right to ask.
At this point, revert to the beginning of the process — you have targeted a new ideal customer and have been introduced. They are aware of you and your company and it’s time to use social media to develop their interest and continue the process.
Adhering to each step of this sales process with social media will garner success and increase your business rapidly.

Contact Falcon Project Consultants for help with growing your business using social media.