Mining your Network Key concept: Buyers are attracted to solutions that have helped their immediate network or environment. Take advantage of this simple concept as a means of driving new business. How will I benefit: More revenue – this module is responsible for >50% of all the Social Selling opportunities. Key Learning Objectives: 1. Map past success stories and relationships for new opportunities 2. Uncover corporate & competitor insights 3. Socially Surround buyers by developing deeper relationships in your target accounts Using your “Sphere of Influence There are a number of opportunities that are hidden within your network and you need to mine your connections for these opportunities. How to leverage your decision maker The power of one good story that can be shared with targeted personas Use your influence to get more introductions www.socialsellingeducation.com © Powered by Mining your Network Sphere of Influence The concept of the sphere of influence is to share a success story that you have had with a client and share it with people who would be interested in that brand. Leveraging the Decision Maker Search for References Find key prospects from their connections Leverage past employment University Alumni Introductions from your connections The power of One compelling story Take a customer that you have a success story with and plot your best prospect areas by researching using the appropriate searches. Current employees from Company Page Past employees from Advanced search Competitors from company page - view who viewed other profiles Emulators - similar target personas - company followers Vendors, Partner & clients from company followers Follow your client’s LinkedIn Company page. Scroll through followers to find the above people. Review Company profile for competitor sites visited We are mapping our past clients successes for opportunities that could be timely. www.socialsellingeducation.com © Powered by Mining your Network Exercise: The power on one good story Think of a “Good News” story you have had with one of your customers. Write it down here. See the transformation and the shift in mentality and action towards the decision making process of their business. Our client is now more focused, organized and you could even tell that their offices were better organized and cleaned up! Just the idea of having to put their ideas in order to execute a strong digital campign to boost their sales, enabled a change in their day to day activities. Your story needs to be published on your blog so that you can refer to it when messaging prospects to determine if they would be interested in your solution. Map out one of your Named accounts' "Sphere of Influence". Review their LinkedIn company page for competitors, employees, former employees, similar market providers, partners, vendors and clients. www.socialsellingeducation.com © Powered by Mining your Network www.socialsellingeducation.com © Powered by Mining your Network Client Success Story So once you have a good story and published on your blog, follow this process to see if you can get an appointment with your ideal prospect. Step 1: Write and publish your good news story Step 2: Identify your ideal prospect in at the competitor Step 3: Review their profile to see if they have publishes anything or have participated in group discussions. Step 4: Message them, referring to the good news story (link to your blog) and request if they would like a quick meeting to discuss your solutions. > Hi Nigel, I noticed you had a question about LinkedIn’s recent changes to the way company pages are laid out and whether it’s possible to promote posts via LinkedIn’s advertising platform? In your world (PRV Engineering Ltd based in the UK) is a client we helped with Social Selling. We train teams to drive business via LinkedIn and Twitter using many of these techniques. Here is their reference: wsiuk.so/PRV-Eng It would make sense for us to have a quick call on LinkedIn Company page success, are you free Tuesday, Nov 18th at 11am for a quick call? Otherwise, here is my calendar for alternative times: https://www.timetrade.com/book/NSP9Q I look forward to talking to you. Rob Thomas MD @ WSI-eMarketing < www.socialsellingeducation.com © Powered by Mining your Network Corporate Insights “Competitors” LinkedIn’s algorithm can provide some incorporate insights as LinkedIn calculates where a person comes from when they visit a corporate page and where they subsequently leave. This leaves us a trail of breadcrumbs as to which companies would be most interested in “Your Client’s” success. In this case FNB. Scroll down and look at the companies that were also visited. Many of these companies are similar to your client so they could be interested in the same solutions. So if I were selling to FNB, I would start to map all the companies that could be competitors who would be interested in the success that I had at FNB. Just think about the number of success stories that your company has had. Exercise: Look at your client’s company page and list the competitors you could be researching. My client does not have a company page. In fact many companies in Ecuador lack a company page, which is why there is so much opportunity in this market. www.socialsellingeducation.com © Powered by Mining your Network Competitor Insight Search By scrolling through your client’s competitors you can find decision makers in similar positions that you could contact to present what you offer and how it had helped your client – FNB. The concept here is to reveal the buyer personas we want to go after - then we find a way to connect with them in our 1st degree connection, as we follow this process. Search through their employees to find suitable prospects. Exercise: Find the ideal buyer/prospect in your competitor’s LinkedIn profile: Note them here. www.socialsellingeducation.com © Powered by Mining your Network Leverage the decision maker Get in touch with individuals from your past. People you have done business with and had success with. Use them to get you past the gatekeepers in the prospect organisation. You can quickly identify other people like “your connection” as they normally hang out with people who are in similar positions. Scroll through your connection's profile to see who they have recently connected with – look under “New” and see in real time if they are making connections that you may want to meet as well Exercise: Go to one of your connections that you know quite well. Scroll to the <connections> sections and look at new connections just made. Look through these to see if you would like to met one of those people and request an introduction from your connection. Who would you like to be introduced to? Manuel Malo, owner of Foto 1. www.socialsellingeducation.com © Powered by Mining your Network Search for References We also want to leverage the individuals that we’ve worked with in the past and go into their networks of influence. Because they can get you past the gatekeeper and break down the barriers that exist when you want to have an interaction with a new individual. So we want to look at leveraging our decision makers, the people we’ve done business with in the past and have had success with. Making them a 1st degree connection and diving into their connections on LinkedIn and trolling their connections for net new prospects. Search for References Mouse over >send a message down arrow & click on >search for references Exercise: Go to one of your connections that you know quite well. Click on >down arrow (next to send a message) and click >references to view this feature www.socialsellingeducation.com © Powered by Mining your Network Isolate key prospects within their connections Scroll down to the connections section of your 1st connection. View their connections and search for prospects with specific titles. Exercise: Find someone you would like to connect with by using your connection to make an introduction or by mentioning their name when messaging the prospect. Write you message here mentioning your 1st connections name and the reason you want to connect. Hi Santiago, it is great to greet you, it has been a long time. Congratulations on your work anniversary!! I wanted to ask you if you could introduce me Manuel Malo, who is your first connection, as I am very interested in delivering a proposal for his business. www.socialsellingeducation.com © Powered by Mining your Network Looking forward to your response and wishing you much success in all your endeavors. Best regards, Pili www.socialsellingeducation.com © Powered by Mining your Network Leverage past employment You can also conduct advanced searches to look for prospects past work history. The idea here is to break down barriers and bring in some relevance to your request. As a past employee, people have been emotionally involved with the company brand in their past. The trend is to break down barriers and look for relevance and see if they will be interested in your specific solution. The idea is to reveal to the person that you also worked at the same company. And you want to share the success stories that you have had. Exercise: Do an <Advanced Search my connections and use the search on the screen to identify prospects. www.socialsellingeducation.com © Powered by Mining your Network Leverage University Alumni Search university alumni as it can provide a great way to find good opportunities based on you both being “Alma Mata” (being educating at the same university) Look at your university alumni by going into your network and finding other individuals that are connected to companies, industries or the title you want to target. Exercise: Find someone in a specific location – company - or work title that you went to university with and make a connection. Write you connection message here mentioning you went to the same university. Hello Ana, I would like to connect with you on Linkedin. We went together to USFQ and it has been a long time since we have seen each other. I am currently incursioning in the Digital world and would like to re-connect with you to discuss some business opportunities. Please let me know if you are available for a meeting this week. Best regards, PILI www.socialsellingeducation.com © Powered by Mining your Network Allocate Company Point Person LinkedIn works by letting you view people who are two levels deep–meaning you can connect to a person through a series of two other people starting with the one you know. To keep LinkedIn costs in check, let your “Point Person” subscribe to a premium business account that will get them access to deeper information. Best Practice Have at least one person in the company who reaches out to a lot of connections. If the rest of the company is connected to the point person, they act like a “doorway” with great connections for everyone else. Exercise: Who would be the best person/persons to be “Point People” in your company? Choose the networkers. Paul Chavez and Carlos Molina should be the point people for WSI del Ecuador. www.socialsellingeducation.com © Powered by