These 5 trends are derived from a very, very interesting Inside Sales Trends Report: 12 in 2012 Inside Sales Trends by Josiane Feigon. Folks, you need to read the whole report and frame it to your desk throughout the year. Josiane is right on the money when it comes to what to expect in this year’s inside sales trends.

I would like to take the opportunity to show you five of these trends with some additional comments of my own.

1. #WINNING - Everyone is looking for some big wins this year in 2012. Whether you didn’t quite reach your marks in 2011 or looking to blow 2012 out of the water, you need to be following those innovators and problem-solvers who are reshaping today’s sales. They know the business and how to effectively use their sales tools. A great list to take a look at is InsideView’s 25 Influential Leaders in Sales - these are the people you should be following when it comes to inside sales.

2. Avoid the Slack Blitzer Backlash - As a buyer, how many times have you heard automated responses or pitches read straight from the script? It’s time to think about creating calculated campaigns that are personalized - you need to start selling to People, not Contacts. [Check out People Insights from InsideView to learn how to start selling to people]

3. Seize the Hidden Sales Cycle - The new normal now is our self-sufficient customers who are engaging later and alter in the sales cycle, and coming in much more informed than ever before. They still want a relationship with someone who understands their pain and meets their needs. You need to look for the right people, with the right message, at the right time – your buyers will know all about you, make sure you know everything about them and can provide for their needs. Be that person for them in 2012.

4. Mix the New Substantial Communication Cocktail - The phone and email can no longer do it alone – they need their peeps! People throughout the world are more connected to each other than ever before. No longer do you need the traveling salesman knocking on office doors hoping for an answer. Start bringing other process into the sales system to get in touch with your prospects.

The new cocktail has five ingredients: phone + texting + video + emails + social

5. Re-engineering Randomness - Say good-bye to safe and predictable linear thinking, and say hello to the weird and the wonderful. Some may be wary to admit it, but we are living in a modern industrial age as businesses getting ahead of the curve these days are the ones who think outside of the box and go beyond normal business.

Get creative and innovative for 2012.

To view the free, FULL report of Josiane Feigon’s 12 in 2012 Inside Sales Trends click HERE. 

Selling to people has not changed dramatically over the past hundred years. You have a product or service, identify a pool of prospects and then discover how many of them you can help. Sure thats over simplified but when it boils down, those are some of the key components. What has changed a great idea over the past few years is not so much the overall process but the details of how to sell to people.

Most sales people do not have the opportunity to walk into the offices of their prospects, see the awards on the wall, photos on the desk and bag of golf clubs in the corner. These were the details a salesperson would use to break the ice, find some common interests and start a conversation. Without these insights, a salesperson is left to their own devices and would be left with being just another sales guy with a pitch. Get beyond the contact data of someones business card and get to know your prospect as the person and not just a contact in your CRM.

People buy from people. Business is done not necessarily with the company with the best product but more often with the salesperson who has found a connection with their prospect through a shared interest or a referral. In the post on the 8 ways to increase sales we outlined some best practices to follow.

More than 90 percent of executives never respond to cold-call sales or unsolicited emails.

Sales intelligence can identify connections between colleagues within an organization and prospects to reveal opportunities for meaningful sales contact. By arming sales professionals with actionable information from social sources, media outlets, company information and changes in business dynamics they are more likely to trigger sales. Sales professionals can quickly identify relevant connection points and build profitable, trusted relationships with prospects and customers that win more business and drive revenue.

‘It’s like watching an Ancestry.com commercial’

You’ve seen the commercial, a site that starts connecting the dots between you and your family and then builds a map of your entire family tree. It lets you see your connections to people you may never have known existed just by following the trail of connections through out history.

How can that apply to B2B sales?

• What if you could identify connection across multiple social graphs and include people you may not be connected to through a social network?
• How valuable would it be to have social streams from your prospects so you could see the updates, pictures and interactions they share?
• Would it be beneficial to be able to follow these people so anytime they were mentioned in the news or online you would get an alert so you could show you are listening?

Early adopters of People Insights like Network Hardware Resale are already seeing an impact in lead generation, opportunities and revenue.

“Social media mapping is my favorite feature. It’s just so cool. It’s almost like watching that Ancestry.com commercial- it’s like ‘I got a leaf!’ It’s when you find that connection that absolutely breaks you into an account; and once you’ve done that, your energy in looking for more of those connections goes WAY up. That becomes your best lead gen strategy ever. Now you want to have and create personal relationships with people through social media so that you can leverage those relationships.” - Michael Lodato, Senior Vice President, Sales and Marketing at NHR

Leveraging people insights isn’t just a good idea, it’s the only way you will increase your lead generation and create new opportunities in 2012. As explained in the post 5 ways sales intelligence can increase revenue, research shows that:

• 59% of the best in class companies have leveraged sales intelligence tools to identify or disqualify prospects with more accuracy
• 53% of companies have been able to identify existing customers that have upsell/cross sell opportunities
• 48% of companies have increased the quality of leads intheir pipelines
• 28% use technology to capture and share sales knowledge internally.
• 21% of companies reduce the amount of time doing sales research

For salespeople and sales leaders, understanding how to sell to people not contacts will be the difference between hitting or missing your number.

Welcome to the year 2012! I hope the first couple of weeks is everything and more you could have hoped for in terms of sales and getting jazzed for a fresh start. I compiled a list of some blog posts I thought you all might find interesting. They outline a lot of really great best practices to get you up and running this year. For those who didn’t quite hit your marks last year, now might be a good time to start switching things up a bit. Spend the morning or afternoon reading these from some truly influential figures in sales.

1. Personality Study of 1,000 Top Salespeople-Harvard Business Review - Heavy Hitter Sales Blog
2. 12 Ways to Increase Sales – Inc.
3. Being True To “You” – Paul Castain’s Playbook
4. Optimism is a Selling Skill. Is Your Glass Half-Empty or Half Full? – Salesopedia
5. How to Create an Enchanting Pitch #OfficeandGuyK – Guy Kawasaki
6. 5 Leadership Tips for Sales Managers - Better Closer
7. Seven Steps to Sales Transformation – Selling Power
8. 8 Ways to Increase Sales – InsideView
9. Want the Sales? Watch What You Say… – Joanne Black
10. The Beauty of Imperfection – Jill Konrath

Shoot us at a tweet @insideview if you like our collection of blog posts!

How a few shifts in your sales process can have a huge impact on sales revenue.

I read a great article on Inc. yesterday on 12 ways to increase sales. The author Geoffrey James pointed out some of the most important things a salesperson or sales manager should do to increase sales in 2012. He hit the nail on the head when it comes to why these 12 ways to increase sales revenue will work, I want to tell you how to do it in 8.

1. Reduce the number of opportunities you pursue. It’s not a numbers game. By focusing your sales energy on fewer opportunities that have a higher chance of closing, you can give these customers more of your time to move the deal along. Leveraging traditional sales drivers and trigger events you are aware of, you will know which prospects have a much higher percentage of closing.

2. Increase the percentage of time you spend selling. There will always be admin work. As a salesperson you may not have the ability to hand your busy work off to others but there are ways that you can still increase your time selling. Most sales people on average spend 10hrs a week researching prospects. By leveraging technology and sales intelligence you can cut that amount of time in half and free up some of that precious time to be talking to prospects and customers and sell more.

3. Stop buying technology because it’s cool.

Stop spending your money on the next shiny object. Invest in technology that is actually going to help you sell. Focus on tools that will provide you

• Trigger events that effect your prospects and customers
• Valuable connections through multiple social networks and existing business relationships
• More personal insights that turn your CRM contacts into people you can relate to and add context around
• Highly targeted and intelligent prospect lists

4. Terminate weak engagements–politely but immediately.

Just as your company should have a solid lead qualification process to identify new opportunities you should spend the time to disqualify deals. A sales team should know what their ideal customer looks like and focus their energy on them. If a prospect doesn’t fit the mold, quit trying to force them into it.

5. Hone your lead generation effort.

Sales people need to understand the art of lead generation is shifting to an online world. Stop waiting for your phone to ring and look for the people you can help in real time. Social networks are a goldmine for the socially savvy sales rep. If you know what you are looking for, finding new opportunities with social media isn’t difficult. For example our sales team found this update on Twitter and jumped in.

What’s a good company database alternative to Hoovers? They don’t seem to want to sell me anything.

— Ross Mayfield (@Ross) January 10, 2012

These types of updates are something your sales team needs to be on the look out for. After 24 hours, Hoovers still has not replied to Ross’s update on Twitter. Listening is key. Leveraging connections and personal insights our sales team was able to connect and help Ross with his business needs.

6. Don’t focus on the gatekeepers.

Understand who the real decision makers are. Get to know them as people instead of the contact that makes decisions at XYZ company. Stay engaged with them during the sales cycle by engaging with them outside of the actual sale. Connect with prospects on social networks and try and help them with other questions they may have and add valuable insights on their industry.

7. Stay on top of your opportunities.

Build a watchlist on your opportunities so you can be fed news and other alerts to things that are changing within their company. Leveraging technology to keep your finger on the pulse of your opportunities will insure that nothing slips by you and you can even stay a step ahead during the sales process.

8. Outflank your competition.

I say it during my speaking engagements: Be different, Be better. Your prospects are getting 100+ emails a day and called as many times a week. This tactic may work some of the time but don’t do what your competitors are doing. Stand apart from them by leveraging your connections to get the introduction, connect with the decision makers on social networks to have more engaged conversations in a medium that they are already spending time in.

It works!

The assembly line has been a manufacturing process in the making for hundreds of years. However, it wasn’t until 1913 that it was perfected by the Ford Motor Company creating huge ramifications for the entire industry of automobiles and manufacturing. The concept of sales intelligence seems similar of creating such ramifications as it comes brings together a different concept of sales combined with extraordinary results.

An Industrial Revolution

Henry Ford’s assembly line changed all that the world knew about manufacturing in the early 20th century. Following this new form of production, companies all over the world began to develop similar models creating a small industrial revolution as automobiles and mass production began to change everything about business. The age of sales intelligence comes with dawn of a new industrial revolution steered by the power of a more social type of business. Sales intelligence is emerging as a result of the rise of social media. Humans are now linked to one another more than ever drastically changing the method of sales. Research is showing that the theory of 6 degrees of separation has been broken by social networks like Facebook.

Efficiency

Prior to Henry Ford’s assembly lines, the production of a single car took an astronomical amount of manpower, money and time. The average car cost $850 and took about 12.5 man-hours to make. Following the introduction of the assembly line, Model Ford T’s were being sold at $290 and only took 1 hour 33 minutes to make. Sales intelligence brings similar results of vastly improving efficiency. The average sales rep spends more than half of their day (4-5 work hours) researching customers and prospects. With  real-time company and contact information paired with social media and smart agents, sales reps cut down their researching time of prospects and customer data by 50% – hence, giving them more time for prospecting and selling.  (Understanding the Science of Sales Intelligence)

A Change in Tradition

The assembly line was a massive change in the tradition of craftsmanship and mastery. With very small and easy work done for less amount of workers, the traditional factory production system moved away from skilled workers and a larger workforce. Sales intelligence moves beyond traditional selling and moves into an age of social selling. As mentioned in the study the Science of Sales Intelligence, 92% of prospects don’t make a meeting when cold-called or emailed by a sales rep. With the power sales intelligence sales reps are able to move out of rhythm of blindly cold-calling and instead given the right people, the right message and the right time for selling.

The most notable element to derive from this analysis is how paramount both business solutions changed their industry. Sales intelligence will one day be a huge part of the sales industry as it will cease providing reps with contacts but the person behind the data.

It’s a new year and you have new sales goals but you can’t dismiss the facts gathered from 2011. 92% of executives you try to contact will not return your phone call. You should already know why, unless you have an amazing reason for them to listen to your message, they will delete it in the first 5 seconds. If you don’t give them a compelling reason to spend the time to call you back then you get forgotten about.

When calling on a prospect for the first time there are some simple steps you should take to make sure they return your call.

Leveraging existing connections

When doing your 2012 prospecting, make sure you focus on people you are connected to. Your customers (if they are happy) should be willing to make introductions or serve as references to other companies that you are trying to engage with. 84% of the people you try to connect with leveraging an existing connection will respond. If there is ever a more compelling reason to stop dialing for dollars, this would be it!

A Little Research Goes a Long Way

Do your homework on the person you are calling before you pick up the phone. Stop treating the names in your CRM as contacts and start thinking about them as people. If you dont have a prospect watchlist created for your prospects, do some research on them through social media. Are they active on networks like LinkedIn or Twitter? What are they saying. I’m sure there are some good pieces of information you can gather that will give you better personal insights on them.

Warm up every cold call.

Before calling, connect with the prospect on social media or by sending them the tried and true email. Send a short, personal letter saying something like, ‘I’d like to introduce myself. I’ve noticed your company has been actively growing the size of your widget factory and I’d like t know if I can help with anything’. Make sure you enclose something of value and indicating that you’ll be calling in a few days to gauge interest. Then, promptly follow up.

Build a conversation about the prospect first.

Building from that last two, you should know about your prospect as a persona and know about their specific business needs. Using the trigger events you monitor around their company and industry coupled with what you have gathered about the individual, structure your first conversation all around them. I’m not saying to avoid a sales pitch but make sure your pitch is completely focused to them and their company. Talk about what you have discovered and see if there is anything you are missing. Highlight how your product has helped companies like theirs recently and see if they are in a position to look at it in more detail and find additional value.

Closing out the year we wanted to look over the content that you have found most interesting and shared most often. 2011 was a big year for sales intelligence and the use of technology by sales teams to be more effective in finding new opportunities and closing more deals.

This is the list of the top 25 sales intelligence posts that people read during 2011

1. 25 Influential Leaders In Sales
2. How Science is Changing Sales As We Know It
3. Why Cold Calling is the Bottom of the Barrel
4. 40 Social Media B2B Infographics
5. Gamification of the Sales Process
6. 10 Reasons You Need a LinkedIn Profile
7. 15 Posts on Why Cold Calling Is On Its Way Out the Door
8. The History of Apple CEOs
9. Bridging the Massive Social Media Gap Between Sales and Marketing
10. Have No Fear: Why Sales Teams SHOULD Be On Social Media
11. Creating a Sales Plan and Executing It.
12. 10 of the Best Sales Sites
13. The Death of Cold Calling – Ending the Debate
14. 10 SlideShare Presentations That Will Make You a Better Salesperson
15. Why Social Media is Important to the Sales Process.
16. Top 10 Reasons for using Facebook for your Business
17. 20 Awesome Sales Posts You Should Read
18. 5 Great SlideShare Presentations on B2B Selling
19. The Social Media Landscape – Facts and Figures for B2B Sales (Infographic)
20. Should Sales People Be Blogging?
21. The Problem with Big Data
22. The Future of Social CRM
23.  Do You Listen to Your Customers?
24. 10 tips for Driving Sales Productivity: Tip #1 
25. A Dip Into Sales Data vs. Sales Intelligence

This is the final post in a study we created along with Focus.com to discuss the best practices to leverage social media for sales teams. After talking to eight of the top thought leaders in sales training and sales technology we wanted to bring their insights to you. This is going to be a 3 part series that covers what successful salespeople are doing to leverage social media in lead generation and accelerating their opportunities. Some of these experts are listed in our post on the 25 most influential sales leaders. Much appreciation to these experts for taking the time to address the question “How do your successful salespeople leverage social media for selling?“

• Miles Austin
• Marge Bieler
• Dave Brock
• Barbara Giamanco
• Matt Heinz
• Carlos Hidalgo
• S. Anthony Iannarino
• Craig Rosenberg (AKA The Funnelholic)

Cultivate your own personal brand on Facebook, Twitter, LinkedIn and beyond.

“The one thing I learned early in sales is that the most unique thing you are selling is not always the company or the product, but it is always you. Social media provides you a unique opportunity to build your brand — as well as endless opportunities to ruin your brand. The first thing anyone does before meeting with someone is to check their LinkedIn profile. Successful social salespeople carefully and thoroughly complete their LinkedIn profile, including a picture. All their social bios (Twitter, etc.) are meaningful, unique and memorable. Limit access to your Facebook if it has any offensive or borderline offensive photos.” (Rosenberg)

“Many sales managers dont think Twitter is a place for sales people. I disagree. With social media exploding as a form of communication, there are going to be more and more people leveraging the channel for business conversations. Not just brands but real people that want to solve business problems by asking others online. Learning how to listen and track people on Twitter will be a goldmine of information in some cases for salespeople.” (Sexton)

“Social media provides platforms for the individual sales rep to stand out from the crowd like never before. To be the one who is providing the most helpful information, the best references, and what is going on in that industry/market. I recommend that sales open their consideration more broadly than just the big three of LinkedIn, Facebook and Twitter. Each has its place and purpose in an overall social strategy that must be in place prior to any active social media use for a company or an individual producer. How about a personal landing page for you as an individual where prospects/customers can go to learn more about you? Take a look at creating an http://about.me page, and then highlight all of your other online activities with links to Twitter, Facebook, LinkedIn and even your company website for example.” (Austin)

Establish your expertise by contributing to conversations — without selling.

You don’t need to be a rocket scientist to understand how the science of sales intelligence has an effect on driving revenue. In addition to knowing more about yur industry and prospects than your competition, you will be able to lock yourself in as an expert of your market. By not just being a salesperson, you will open more lines of communication that will lead to more opportunities.

“Step 1: Figure out where your buyers are. Step 2: Be there Step 3: Contribute without intruding on the safe social environment people are interacting in. You hear a lot of stories of vendors finding leads in social platforms, but a lot of salespeople are just ‘there’ — contributing and building both trust and reputation. This approach serves them well. Many people are not just turned off by sales in general, but are absolutely repulsed by salespeople invading their online conversation to sell them something. My advice to salespeople is to get ‘in the mix,’ but don’t sell. Join the community and have conversations with industry leaders, peers and end users. There are salespeople who have built their online presence to the point where prospects have reached out to them for advice. That’s a big win.” (Rosenberg)

“Directly share information, become an expert, and generate a following. You are an expert. You understand your market, your customer’s problems, and the information they need to be more successful. You read the trade publications and regularly (possibly daily) find articles that your prospects and customers should read.” (Heinz)

“If our customers are already there (as research would indicate), then we as salespeople can’t afford not to be there and participating. Initially, salespeople should use social media (blogs, discussion forums, websites, LinkedIn, Facebook, Twitter) primarily for listening and learning—what are the customers saying/asking, what is competition doing, etc. They should be engaging customers there, as well as using traditional channels. They need to be taking part in social conversations, they need to be representing their products and solutions in those conversations.” (Brock)

“With all the talk in the market about the importance of customer/buyer engagement, it is vital that today’s B2B rep use social as a means to dialogue with their buyers and customers. As reps thought the dialogue must change from one of pure sales to one of helping shape the discussion and to establish themselves as thought leaders and knowledgeable about their market, their buyers’ challenges and seen as a resource for answers. The best way to do this is via social, and the more reps understand that their involvement in this medium and having an active part in the discussion is key to the buying decision, the more they will begin to engage.” (Hidalgo)

“Become an industry source of knowledge by using one or more of the many curation tools that are now available, many at no cost.” (Austin)

• Miles Austin
• Marge Bieler
• Dave Brock
• Barbara Giamanco
• Matt Heinz
• Carlos Hidalgo
• S. Anthony Iannarino
• Craig Rosenberg (AKA The Funnelholic)

Sales Intelligence drives revenue.

“Based on the 12 ways sales people leverage the internet it is clear that B2B sales teams spend a lot of time researching prospects and customers on the web and social networks. It’s no longer an issue of not having any information ahead of time, the issue is that there is an overwhelming amount of personal insights available. Sifting through it to find the relevant information you can act on today appears to be the challenge at hand. Sales intelligence drives revenue by feeding sales people trigger events and insights within a company or contact.” (Koka Sexton)

Make the most of a B2B Social Networks more advanced features and functionalities.

“On the B2B side of the house, LinkedIn is the networking tool in the US with some 130 million members of the 100 million-plus community. Many people know how to invite people to their network, but they usually do not know what to do after that.”

Here are a few of the ways that savvy B2B salespeople will leverage B2B social networks:

• Advanced people search: Create prospecting lists based on the criteria of your ideal buyers. Save the list, and LinkedIn dynamically updates and alerts you weekly to the new people matching your criteria who have joined the network. Each week, you can then plan your strategy with respect to how you’ll approach the initial interaction.
• Applications: Use the applications to add video, compelling presentations, white papers and case studies or sync your blog posts to your profile. Keep your content fresh and people pay attention. In the past eight weeks, I’ve secured four paid gigs and in every single case, I was told it was because my profile stood out from the rest and because they liked the video. It is all about engaging people and enticing them to want to know more.
• Polls: Create a poll to gather real-time trending information that you can share with your prospective buyers.
• Status updates: Ongoing status updates that are ‘relevant’ and provide value to others keep salespeople visible; because at the end of the day, it is all about visibility.
• Groups: Leveraging groups (the right groups!) gives you an incredible opportunity to demonstrate credibility, but not selling!
• Use the Answers section to listen and respond to the questions that people are asking. Every single day people ask what products to buy and from whom.
• Events: Hosting an educational session for potential clients? Use the events functionality and use it to share with your network.” (Giamanco)

Monitor prospect discussion and social data for buying signals.

“Prospect research has changed forever. In no other time in my life have we seen prospects update their own information and update you on what they are doing in their personal and professional lives! Today’s modern social salesperson is exceptionally prepared for their sales calls. One tip: Company data is interesting (e.g., … [alerts] about your sales prospect’s company: ‘New product launch!’), but prospect social data is even more interesting, because it will tell you what the person really cares about (‘Just got back from sales training in Florida, learned a ton!’).” (Rosenberg)

“Leveraging twitter for sales is very effective. Once you know how to use Twitter as a sales tool, you can get insights into people and companies in realtime.” (Sexton)

“Watch for buying signals across the social Web. One of the greatest opportunities for salespeople via social media is to see into the buying cycle far earlier than we’ve typically had access to. Before social media, we could deepen our understanding of the buyer and use outbound marketing to connect with a particular need, try and find resonance with a buying signal, etc. But that, at best, was a fishing expedition most of the time. Now, if you know the buying signals and pain/problem keywords your prospects typically exhibit before they’re ready to buy, you can watch for those discussions and keywords across the social Web. Do a couple keyword searches on Twitter, for example, and you’ll be surprised how many people, in real-time, are talking about their existing challenges, their frustrations with competitive products and more.” (Heinz)

“Social media is a great tool for salespeople, but for not for the reasons that some people believe. Social media isn’t a replacement for the prospecting activities that success in sales requires, as some seem to suggest. It is a simply a set of tools that allow the execution of some of those activities. There is way too much focus on using social media tools for inbound marketing, and way too little on leveraging the tools to better enable the execution of the fundamental roles of salespeople: opening new opportunities. Opening new opportunities isn’t a passive activity, and salespeople who wait for their prospects to find them aren’t successful by any of the measures we use in sales. The salespeople who are successfully using social media are using the tools to identify and open communication with their dream client contacts. They are using tools like LinkedIn to identify the people who they can most easily create value for within their target accounts. More still, they are researching their prospects, discovering what they are reading, what they are writing about, and where their interests lie. Social media better enables salespeople to know who to call and how they might best create value for those people.” (Iannarino)

• Miles Austin
• Marge Bieler
• Dave Brock
• Barbara Giamanco
• Matt Heinz
• Carlos Hidalgo
• S. Anthony Iannarino
• Craig Rosenberg (AKA The Funnelholic)

The first step and one that was consistent across 100% of the successful salespeople was to get connected.

Use your existing connections and networks to actively pursue new introductions.

“It’s so easy, on sites from LinkedIn to Facebook and more, to see who your existing ‘friends’ and connections already know. On LinkedIn, for example, you can quickly search for contacts you want to meet based on which of them are already connected to people in your existing network. This is one of the best ways to get referrals and introductions, not by asking your network to ‘keep you in mind’ but, instead, periodically asking for specific introductions. By getting specific, your conversion rate goes up and you’re talking to the people you specifically want to meet and sell to. In your existing organization, there is the sales team, but I’m thinking the rest of the company is a gold mine of potential introductions — especially founders, longtime employees and others who have spent a long time in your industry. They know people, people know them, and they’re more likely to help you make connections and new introductions.” (Heinz)

“Every time they receive a referral, email or leadership content, salespeople can highlight names mentioned in document, then research mentioned leaders, clients and customers — even competition — and send a note or invitation asking to join their conversations via LinkedIn, Twitter, Facebook and other social media platforms. By connecting with each other, you then can offer assistance or referrals and also build a trusted network of individuals to help build your referral base. Most people are thrilled you took the time to reach out to them when reading their books, viewing their videos, etc.” (Bieler)

“Successful salespeople are also using social media to identify the relationships that their prospective clients have to other people they already know. Successful salespeople aren’t afraid to leverage their relationships, to ask for introductions, and to rely on the people they know and what they know to open these relationships. Because these social media connections exist, what was once invisible is now visible; it’s easy to identify relationships and leverage them to find a way in. But it’s important to remember that your prospective clients are also using the tools to learn about you. Recently, I called on a major prospective client. After our meeting, he searched for my name on the Internet and found that we had a common connection on Facebook (his best friend from high school). He called his friend to get a reference on me before deciding whether or not to move forward. Fortunately, his friend recommended my work. Social media is no longer something salespeople can opt out of. It reminds me of what President Richard Nixon used to say about foreign affairs: ‘You might not be interested in the world, but it’s interested in you.’ ” (Iannarino)

Use Twitter and other social channels to build deeper, early relationships with new prospects.

“Here’s exactly how you do it (at least with Twitter, but other social channels can likely be done in a similar fashion). Build a list of the prospects in your territory or market. With the help of an admin or an outsourcing service like eLance, go and collect the Twitter handles of each company and as many of the individuals as you can find. Using your own Twitter account, follow those companies and individuals. Then, using a tool such as HootSuite, set up a separate column where you can specifically watch activity from those prospects. This makes it easier and faster to engage with them on a regular basis. Answer their questions. Share a resource. Retweet their articles. In other words, use their attention to this social channel to build value by interacting where they are already spending their time and looking for information.” (Heinz)

It can be a pain in the rump trying to find a couple of blog posts worth spending your morning reading and jump-starting the week. Literally hundreds and thousands of sales blogs with self-proclaimed “best sales solutions” trying to cram their way into your Twitter feed, Google search results and your existence. Fret no more as I have done the searching for you and found what I deem some great sales blog posts. Take a look and have a phenomenal week.

1. The Secret Lesson Hiding in Nucleus Research’s ROI Study – CRM Outsiders
2. 5 Steps to Create a Killer Google+ Business Page – BrainSell Blog
3. Are You Lost In a B2B Sales Lead Paradox? – Marketo Blog
4. New Study Says Customers Think Companies Don’t Give a Damn ABout Their Time…Just Their Money – Brent’s Social CRM Blog
5. Customer Relationship Innovation for the Emergent Social Business - Brian Vellmure’s CRM Strategies Blog
6. Eight Business Apps That Will Change the Way You Work - Emergence Capital Partners
7. How Much Will You Sell in 2012 With Social Media? - Selling Power
8. Video: The Biggest Mistakes Sellers Make – Selling to Big Companies
9. Data Myth #4: Integration Ensures Cleaner CRM Data – DataMyth
10. Three Steps to Develop Yourself – S. Anthony Iannarino; the Sales Blog

• 42% have insufficient knowledge of the business needs of prospects
• 40% do not have the ability to identify the most likely buyers of their product
• 34% complain of having a sales process that is too long
• 21% See an increased customer churn forcing them to focus on filling the funnel

I predict in 2012 that these numbers will not change too dramatically but the results from companies that are actively leveraging technology and sales intelligence as a method of combating them will. Sales managers should be constantly on the lookout for ways to solve these business pressures and based on research by the Aberdeen Group, the top performing sales organizations have built strategies that can drive measurable results in building a sales pipeline and increasing the quality of leads.

• 59% of the best in class companies have leveraged sales intelligence tools to identify or disqualify prospects with more accuracy
• 53% of companies have been able to identify existing customers that have upsell/cross sell opportunities
• 48% of companies have increased the quality of leads intheir pipelines
• 28% use technology to capture and share sales knowledge internally.
• 21% of companies reduce the amount of time doing sales research

This research is important because it’s showing that companies that are having the problems listed above are able to continue achieving results by leveraging sales intelligence in traditional and non-conventional ways. Top performers in lead qualification teams understand that moving less qualified prospects out of their view has more value than dumping a volume of under vetted opportunities on the sales team. By not relying on data but the contextual news and social profiles of the companies and people you are contacting, better decisions can be made on which prospects to pursue and which leads to abandon.

The research study on the science of sales intelligence goes a long way in showing that companies that want to increase revenue quickly with your existing sales team can do so by leveraging technology to speed up the sales process. A strategy around using sales 2.0 applications to identify strong/weak prospects should be a key focus for your 2012 sales plan.

Just a quick poll: Are the issues described above the same as for your company?

The best way to increase sales effectiveness is to speed up the research process and then get regular updates on your prospects and the companies they work for. In an article, Forbes spoke with some leaders in sales and got insights on the sales process and what steps sales managers should take to increase their effectiveness on finding more deals and closing them faster.

The overwhelming observations and advice from Wendy Weiss and Paul Castain pointed to finding the right prospects, being more prepared for the call, having intelligence around the prospects, and leveraging non-traditional communications channels to reach prospects.

Paul Castain,Vice President of Jedi Mastery at Castain Training Systems, says a lot of salespeople research a prospect only once during the process. “Business is moving at the speed of light, and things change constantly,” he says. “When you gather information, review it over and over again before you reach out to the client.”

Finding the right prospects to contact shouldn’t be a painful process. Sales intelligence can give you a fresh group of prospects based on sales trigger events in the industry specifically in your territory. These trigger events give you accurate and relevant news about the company or person you are calling. Since we know that most executives will not respond to a cold call, using connections to get introduced is important. If you can’t locate a professional connection to your prospect, use the intelligence you gather through news sources and social media to understand your prospect and make the connection.

Top sales tips to follow

• Approach them before they are in buying mode
• Focus on finding the best prospects
• Stop calling prospects if they are not responsive. Get creative in communications
• Sales people are expected to know about their prospects before the call
• Only talk 20% of the time and listen the other 80%
• Don’t be afraid to ask the tough questions
• Turn rejection into a learning experience
• Never stop learning how to be more effective

Surprisingly there are still a large number of companies that do not leverage sales intelligence. The Aberdeen study on the Science of Sales Intelligence shows that most companies deal with some very specific business pressures that sales intelligence can help with.

• 42% have insufficient knowledge of the business needs of prospects
• 40% do not have the ability to identify the most likely buyers of their product
• 34% complain of having a sales process that is too long
• 21% See an increased customer churn forcing them to focus on filling the funnel

All of these point to companies needing to be more nimble and enabling their sales teams to move faster with more targeted information. What are you going to different in 2012 to address these business issues?

The traditional approach to demand generation focuses primarily on outbound offers and campaigns to drive new leads into the funnel. However, the shift in buyer behavior forces companies to rethink their approach to demand generation. Social media stands out as a new source of customer engagement because it provides sales and marketing organizations with a tremendous opportunity to follow potential customers – even before they reach out to them.

Because the buyer relies more on peers and independent research in the early stages of engagement, it has become even more imperative that B2B firms bring sales and marketing together with a shared approach to revenue generation. Social intelligence has proven to be a key piece of this aligned approach as it enables deeper, more relevant engagement.

According to B2B’s “2010 Outlook: Marketing Priorities and Plans” survey, more than half (53.5%) of marketers surveyed said they currently use social media as part of their marketing strategy, up from 45% the prior year. Lead generation (cited by 48.9% of respondents) ranked as the second highest use for social media, behind only thought leadership (59.8%).

In one case study illustrating how progressive companies are integrating social media into their demand generation efforts, Concur Technologies has successfully integrated social intelligence across sales and marketing, influencing performance at each phase of the funnel.

Because the buyer relies more on peers and independent research in the early stages of engagement, it has become even more imperative that B2B firms bring sales and marketing together with a shared approach to revenue generation.

In the early stages of lead generation, Concur has utilized the list-building capabilities enabled by sales intelligence platforms to better target the SMB market. The company also improved conversions within the funnel by using social intelligence to address lead pre-qualification for inside sales. Finally, reps are able to receive alerts notifying them on trigger events at key accounts.

Despite the dramatic impact social media and social intelligence can have on demand generation, many companies do not integrate social media into their existing processes. During a recent presentation at the 2011 SiriusDecisions Summit, Jonathan Block, VP and Service Director for Reputation Management Strategies at SiriusDecisions, proclaimed, “Organizations ignore the leverage social media can offer throughout the cold-to- close process.”

Block emphasized the important factors that go into a successful social media strategy. He pointed out holistic measurement and reporting are key aspects of building an integrated social strategy. By effectively measuring both activity and impact, companies realize positive paybacks in brand reputation, demand creation and sales enablement.

1. Converting B2B Sales Data into Social Intelligence – Social Media B2B
2. Five Ways to Measure If Facebook “Likes” Work for Your Business – Selling Power
3. Myth #1: More Data Is Better – DataMyth.com
4. 3 Big Data Myths for Enterprises – Smart Data Collective
5. CEOs on Sales – What Company Leaders Want from Sales Leaders – The Sales Operations Blog
6. Salesperson: Hunter or Farmer? – The New Sales Coach
7. Are Your People Selling What They’re Supposed to Sell? – Partners in Excellence
8. Social, Content & Selling – a Chief Revenue Officer’s Take – Inside Sales Expert Blog
9. Four Keys to a Great 4th Quarter - Salesopedia
10. Six Simple, yet Powerful Benioff-isms – The Sales 2.0 Advocate

On average sales reps will spend 24.1% of their time each week on research and lead generation activities. It’s no wonder why sales people go to the internet for help when almost 10 hours a week is spent researching contacts and companies.

The important task of sales research.

The study found that sales research is still the most important activity of how sales people leverage the internet. This is a positive sign in the case that sales people are now at a tipping point when it comes to understanding that it’s more important to sell to people and not contacts. 77.2% of the sales people must be onto something that makes them better at selling.

Now look at the number of people leveraging the internet to actually move people through a sales cycle.

• 56% conduct webinars
• 48% of their time is in web based meetings
• 46% are giving online demos

Sales leaders should be looking for ways to increase these numbers. The best way to do this is to help your sales team on how to be more effective in sales research and decrease the amount of time they spend in that area.

Two flavors of internet research

Companies fall into one of two buckets when it comes to enabling sales people with sales intelligence. Companies either empower their sales people with technology to aid in this effort or they expect a sales person to do all of this on their own. You can imagine what will have a better impact on a sales teams ability to generate more opportunities and increase revenue. The best in class companies which made up 61% of the businesses surveyed leveraged technology to conduct searches for sales reps while 37% left the work up to the individual sales rep.

Spending 10 hours a week on research obviously takes a toll on winning more deals. Though research is important, companies should be looking at ways to increase the amount of time sales people are actually selling.

Ignite Smarter Conversations
Once a contact becomes a qualified lead or opportunity, sales needs to know who to reach and how, and what to say to get their attention. It’s no longer just who you know that will make business deals happen, but what you know about who you know, tightly synched with when and where you should know it. After all, according to IDC, IT buyers indicate that ~54% of sales reps are unprepared for their initial customer meetings.

To prep for the meeting, your reps can tap into sales intelligence to pinpoint what’s top of mind for the contact and immediately establish rapport on the call. With access to multiple data sources in a single place, your sales reps will spend less time on research, yet will be more effective on the phone.

A study by CSO Insights shows that even when using CRM:

• It takes sales reps an average of 4 voice mails or emails to get that first, pivotal appointment with a prospect
• They often have to wait 3 to 4 days for a response
• 60% of sales reps waste the equivalent of 6 selling weeks a year just trying to get customers on the phone.

Combined, traditional business information services and social media can help create the best prospect intelligence, enabling sales professionals to sort through potential deals and dealmakers. With insight into companies (for example, M&A activity, new leadership, and major initiatives), contacts (title, email, and phone number), and social profile information or people insights (“I see we have friends in common,” or “We went to the same school,” or “You recently tweeted about X”), your sales reps can start the conversation off right.

The sales reps that take advantage of the intelligence to be found in the online conversation are reaping the rewards. In a study of sales reps within 2,000 companies, the reps that turned to sales intelligence ended up with higher win rates.

How ‘smart’ are the conversations you have with prospects?

To be an effective sales person, it’s best to know how connections you have can get you into new accounts. Instead of relying on more data and names of contacts to call, leveraging intelligence in your sales process can build your pipeline faster. We are expanding further on our lead of people insights of selling to people not contacts. Connection based prospecting is a enhanced way of identifying prospects that you have direct connections to through co-workers, past employers or reference accounts.

Leverage your existing connections for accelerated pipeline growth.

Having connections into a prospect company makes getting in contact with a decision maker much easier. If you foster your professional connections correctly, your network should be happy to introduce you to someone within their company and make a warm introduction. Maybe you are looking for new accounts to contact and you find out that 4 of your coworkers and 2 people you worked with in the past have direct connections to people in a large account you’d like to talk to. That would make getting a warm introduction easier than trying to figure out how to cold-calling into a prospect.

Instead of blindly targeting companies based on contact data focus on getting new customers based on the number of connections you have into the company. People you work with, reference accounts and past coworkers will add a layer of trust to your communication with a decision maker. Leverage those connections to get an opportunity.

We have several new enhancements in our application this month. You can see more about all of them in the InsideView Community.

Sales Intelligence is often skewed in various definitions and mostly misinterpretation. However, the real crime of this story is the mere fact that many do not see the enormous benefits of acquiring a sales intelligence application for your sales team.

Here are 10 blog posts on some numbers and practices about sales intelligence.

1. Analytics in Action – The B2B Sales Intelligence Blog
2. 6 Ways Advanced Market Analytics Can Predict Better Results – Studio PMG
3. Sales Intelligence Is More than Smart Selling – Destination CRM
4. Sales Intelligence – Kaleidico
5. Sales Information is NOT Sales Intelligence – Partners in Excellence
6. A Dip Into Sales Data vs. Sales Intelligence – InsideView Blog
7. Improve Sales Results with Better Forecasting and Sales Intelligence in CRM 2011 – Microsoft Dynamics Blog
8. Sales Intelligence – Benefits of Sales Intelligence Solutions - EzineMark.com
9. Best Practices in Sales Intelligence featuring Aberdeen Research (Webinar) – Aberdeen Research
10. Sales Intelligence in B2B Lead Generation – Vendere Partners

Too many sales managers are trying to build their business by using methods that have been outdated for a decade. Imagine going to a doctor that is still practicing medical advice from 1990? Sure they can give some insights and may even be able to help you with whatever is troubling you but their ability to make an impact on your health is determined on old information. Wouldn’t you rather have a doctor that is up to speed on the latest medicines, research and technology? (You don’t have to answer that.)

Understanding the science of sales and how sales intelligence can have an impact on decision makers is a major competitive advantage.

Science of Selling

There was an interesting experiment by the Universite de Bretagne-Sud in France that says people buy more from you when you act like them. By mimicking customer behavior, 78.8% of the customers ended up buying the product. Without mimicking customer behavior, buyers only made a purchase 61.8% of the time. Along with increased likelihood of buying, mimicked customers were more complimentary of the salesperson and the business.

The study abstract states: “An experiment was carried out in a retail setting where four sales clerks were instructed to mimic, or not, some of the verbal expressions and nonverbal behavior of the customers. On their way out, these customers were asked to evaluate the sales clerks and the store. Results showed that mimicry was associated with a higher sales rate, greater compliance to the sales clerk’s suggestion during the selling process and more positive evaluations of both the sales clerks and the store.”

Another study was performed on Duke University undergrads where participants were told that its purpose concerned the impression formation, process and marketing of unfamiliar products. The study was set up to see if a decision maker would/could be influenced to make a purchase based on on a sales person mimicking customer behavior when the decision maker is aware that they are dealing with a salesperson. Turns out the decision maker was over twice as likely to buy when mimicking was employed.

One might have expected that a person who is aware that a salesperson is trying to affect their behavior may try to guard against this influence, thereby being less likely to respond positively toward the product promoted by the salesperson. Instead, the mimicry led to more engagement when the salesperson was highly invested. Thus, in this case there was in fact an observed disassociation between the conscious desire to guard against persuasion and the nonconscious tendency to be engaged.

It’s a common understanding in business that people buy from people and not companies. Having a complete picture of your prospect and understanding how to sell to people and not contacts gives a sales person an definitive advantage.

Neuroscience and buying decisions

Inc.com had an article explaining that companies are starting to look at brain activity during sales presentations see whether or not prospects are being convinced. This technology exists now and is being marketed by a company named Affectiva that is run by David Berman, who was president of sales and service at Webex.

neuroscience is now proving what many sales professionals have long suspected: that decision-making, even among top executives, takes place mostly at a “gut” level.

Measuring emotional arousal via skin conductance that grows higher during states such as excitement, attention, or anxiety and lower during states such as boredom or relaxation can be a game changer for companies trying to get even deeper sales effectiveness during negotiations and sales discovery.

How scientific is your sales process?

Do you really know your customers? All of the research points to the massive effectiveness of sales intelligence. Knowing more about your prospects can make a dramatic impact on your revenue. Aberdeen’s paper on the science of sales intelligence shows even further that companies that invest in knowing more about their prospects reap larger rewards when it comes to building a fatter pipeline and closing more deals.

We are seeing more companies investing in things like adding game mechanics to sales teams to drive performance and that dovetails into ways to be more engaging with prospects with the same mechanics. Customers have evolved, has your sales process evolved in a way that mimics them?