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In December, we posted The InsideView 20 – The Top Sales Industry Social Media Users, which highlighted 20 sales professionals who are paving the way for social media use throughout their respective industries. This innovative group of sales execs, writers, trainers and analysts are finding terrific new ways to translate news, intelligence and theory, ultimately driving new trends in the world of sales.

We recently asked the group if they had any advice to share with their peers. What we received was advice, best practices, cautions and words of wisdom that will surely help the remainder of the sales industry dive in to the tempered waters of social media, and navigate the terrain of the traditional sales industry.

Tibor Shanto, principal and founder of Renbor Sales Solutions Inc.

If you have something to say, say it, say it loud! Join LinkedIn and take some time to find groups in line with your interests, then speak up. Share your blog posts, join discussions, answer questions and take advantage of any other way to be vocal.  Once you have contributed to a discussion, Tweet about it. Not only will you be able to get solid feedback about a variety of topics, but you can then take those ideas and blog about it. From there, you can tweet it – a very effective and cyclical cylce.

LinkedIn creates an ongoing opportunity to involve new people, new views and perpetuate your learning and ability to expand your network as people learn about you and your thinking. From there, build relationships and carry the conversation off line – sometimes these people will be sales leads, industry experts or at the least, people you share common interests with.

Chad Levitt, Account Executive at HubSpot, Author of the New Sales Economy Blog

In “Six Simple Steps to Reach More Prospects,” Chad shares his insight about connecting with your target accounts and contracts: “If you are wondering if these 6 steps will work — they do — I use them everyday with success. The beauty of these 6 simple steps is that they are easily repeatable and do not waste your time on unnecessary tasks.”

Identify your target account

Go to Jigsaw.com and type your target account into the search field and click ‘go.’ Select the contacts you would like to connect with at your target account

  • If the company’s main line is the only one listed, call and ask the operator to give you the direct extension. The operator will usually give it to you. If they try to put you through say you will reach out again later and hang up.

Go to Google and type in the name of your target prospect and the company’s name

  • Many times you will find their LinkedIn profile, other social media networks and affiliations. Explore their LinkedIn profile and social networks and get to know your target contact. You may also find related news items that may be relevant.

Send an introduction email that you should have saved in a template to save time

  • Make quick changes to your template to personalize email, and let your target contact know in your email you will be calling shortly

Call back in a few hours to connect with your prospect

  • If they respond to your email before you call them, immediately call back – they are usually at their desk. Leave a compelling voicemail if your target contact does not pick up the phone and mention your email. The combination of your email and calling will greatly increase the chances of reaching your target contact

Brian Jones, president of Industrial Interface, Inc.

Don’t be a business

The Internet allows people in every job to consume information that they find interesting at work.  If you can present relevant and useful information to your potential customers that is also fun and interesting, then you are well on your way to creating a valuable online brand.

It’s not always about marketing

Internet users can smell marketing speak a mile away. Why? Because it’s usually meaningless drivel that conveys no real benefit to anyone. Social media marketing is all about people sharing with other people. You need to personify your brand to compete in this space. If your company is just sharing its most recent product information, then no one is going to care. Don’t be afraid to be personal, funny, controversial and casual when representing your brand online.

Trust your product

If your product stinks, then all the marketing in the world isn’t going to help. If you’ve created a valuable website and clearly share the benefits of using your products, then users will be engaged when they get there. You won’t always have to push your products on customers through these online avenues.

Choose the right medium

There are a lot of popular social media sites that aren’t useful to every brand. LinkedIn is for professional networking and business information, while Facebook is reserved exclusively for fun personal interactions. B2B social media efforts need to be highly targeted to be successful.

Monitor the right metrics

Lots of people are interested in lots of stuff online, so traffic isn’t always a key to success. Look to customer sign-ups, calls or some other action that represents a real prospect doing something on your site. Getting a thousand people to your site is useless if no one takes the actions you need.

Joanne Black, founder of consulting business for Referral Sales, No More Cold Calling

Joanne’s tip is short and simple, but provide a sound perspective about LinkedIn.

Personalize your LinkedIn invitation

When I receive the standard invitation, “Please join my professional network on LinkedIn,” I know the person is reaching out to a list of people. I respond to a personal connection, as do most people. Use your invitation to re-connect, share a few short sentences about what you are doing or comment on their profile. It makes a world of difference. Also, do not accept invitations from people you don’t know.

Two days into this year’s Dreamforce conference and we’re noticing that data is a big trending topic.

And we’re ecstatic.

Quality of data is the key to the sales intelligence business and we pride ourselves in being able to deliver smart, fresh and complete information to sales people all around the world in real-time. BNET’s David Weir wrote an in-depth article today from Dreamforce on the changing landscape of sales intelligence industry and the increasing importance of data gleaned from social media. Weir gives InsideView’s Sales 2.0 business model a strong endorsement in the piece, noting, “Meanwhile, the legacy biz-intel companies are still out there, trying to adapt, but disruptive technology companies like InsideView look to me to be poised to eat their lunch.” To read the full article, please click here.

As we noted in our announcement earlier this month, the constantly increasing sources of data now available on the Web have led to the rapid abandonment of traditional editorial providers like Hoover’s and OneSource for Sales 2.0 solutions like SalesView, which are able to quickly aggregate relevant information from across the Web and deliver it immediately.

Throughout the #DF09 expo floor this year, you’ll see folks working in the “better data” realm left and right. Everything from ensuring accurate account views to monitoring sentiment information to the real-time aggregation end like we work in — and this all of course validated by the huge announcement from salesforce.com yesterday on their new Chatter launch — it’s becoming all about the data.

Just what we like to see!

Are you headed to DreamForce next week? The InsideView team will be there, demoing, speaking, and most importantly helping attendees learn more about using social data to drive ROI in their businesses. The show this year is packed with interesting companies, sessions and even fun contests. If you’re interested in the confluence of social media and the enterprise and how it all mashes together at Dreamforce, we’ve gone ahead and picked some of the more interesting ways to fill your Dreamforce dance card.

  1. Sales 2.0 Night – Get cocktails and network with Sales 2.0 leaders Thursday, November 19th, 6pm – 8pm at the Sculpturesite Gallery – RSVP here: http://tinyurl.com/y8nfbec
  2. Attend InsideView’s panel “How to Tap into Social Media to Drive Sales Results” Wednesday, Nov 18th @ 3:30 PM, at West Mezzanine 254
  3. Follow the #DF09 hashtag on Twitter
  4. Check out some of these cool vendors’ booths: Genius, Xactly, BlueWolf
  5. Party in the Cloud Tuesday 8-10pm at Two Bar. RSVP here: http://bit.ly/2pCMjV
  6. Get on the Napa Valley Wine Train: Dreamforce attendees get a special deal
  7. Enter our contest to win an Aston Martin for the weekend: Register here
  8. Join the mosh pit at the Black Crowes concert
  9. Share InsideView’s James Bond-themed Dreamforce video:

We are thrilled to announce that InsideView has partnered with NetSuite (NYSE: N), a leading vendor of cloud computing business software suites, to create InsideView for NetSuite, the first Social Intelligence application to bring social media to both CRM and ERP, optimizing core business processes that are essential to driving the success or failure of every business. InsideView for NetSuite now allows NetSuite users to have instant access to relevant intelligence harvested from emerging social media, such as Twitter, LinkedIn, Facebook, Jigsaw and NetProspex, as well as editorial sources, such as Thomson Reuters and Capital IQ (a Standard & Poor’s Company), directly within NetSuite, empowering users to significantly improve business efficiencies across sales, marketing, billing, procurement, and HR operations.

InsideView for NetSuite was built using NetSuite’s SuiteCloud development platform and is the first social intelligence application delivered natively within NetSuite. The new application expands our partnership with NetSuite beyond its original sales intelligence focus to deliver the power of social intelligence throughout both front-office sales and marketing and back-office financial operations. By leveraging the social intelligence delivered by InsideView directly within the NetSuite interface, businesses can gain new insights into their customers, prospects, employees and vendors to realize cross-enterprise productivity improvements.

Our partnership with NetSuite will allow InsideView’s technology to go beyond Social CRM for sales and marketing workflows and extend into Social ERP optimized for back-office operations such as:

–  Billing / Collections: Automated monitoring of financial events such
as funding developments, analyst ratings, earnings calls, cost cutting,
bankruptcy, etc., allows for the real-time prioritization of accounts and
collections efforts while relationship mining helps expedite billing
issues.
–  Procurement: Consolidated contact search allows for easier resolution
of bidding, pricing, or payment issues and integrated competitor profiles
help identify and evaluate other potential vendors.
–  Recruiting: Automated monitoring of talent acquisition opportunities
across target companies and consolidated contact search assist in sourcing
candidates by title, industry, company size, key event and specific
competitors.

We are very excited to enter this new phase of our partnership with NetSuite and for the beginning of what is sure to be a great future for Social ERP. If you would like to read more about today’s announcement, please click here: http://bit.ly/2OA7TW

The tide is changing in the sales intelligence industry. Hundreds of businesses have moved on from legacy sales data providers such as Hoover’s and OneSource to InsideView’s Sales 2.0-powered Sales Intelligence solution, SalesView. And the pace of companies switching to our Sales 2.0 solution is accelerating. SalesView customers are achieving higher sales productivity, identifying additional customer engagement opportunities as well as realizing broader CRM adoption across their sales teams.

The recent proliferation of data sources is making it difficult for legacy data providers to keep up with this accelerating trend, leading to scaling issues. Data explosion is also resulting in conflicting or incorrect information between providers. Legacy sales data providers typically use a difficult-to-scale, editorial-based approach to offer static company and contact information. As a vendor-neutral intelligent data aggregator, InsideView is in a unique position to leverage its Smart Cloud platform to address these problems, ultimately delivering the most relevant and accurate sales intelligence.

Independent research corroborates the higher productivity levels of InsideView customers. According to Peter Ostrow, research director for sales effectiveness at The Aberdeen Group, “InsideView customers are achieving 32% better performance than non-customers, in terms of current lead conversion rates and hitting quota, and year-to-year growth in revenue and win/loss ratios.”

Check out what people are saying after they switch to our SalesView application:

“Our decision to switch to SalesView from Hoover’s was driven by our desire to consolidate multiple data sources into a single stream as well as improve the quality and relevance of the intelligence our business development team relies on daily to formulate target account strategy,” said James Warren, director, global business development at RightNow Technologies. “Another key factor in our decision was the accurate prospect information SalesView delivers.”

“Since our switch to SalesView earlier this year, call preparation has become much more efficient, and conversations with prospects a lot more informed,” stated Eric Johnson, vice president of worldwide sales operations at Serena Software.

“The primary reason for our decision to replace Hoover’s with SalesView was its tight, easy-to-use integration with Salesforce.com,” said John Knotwell, senior director of sales operations at inContact. “The single point of access is a significant sales productivity enhancer, enabling fast and effective prospecting and account planning.”

“After an in-depth evaluation, we selected SalesView as our standard sales intelligence platform primarily due to its breadth of company and contact coverage as well as the tight integration with Salesforce.com,” said Neil Florio director of marketing for Qlikview. “The watch lists and associated smart alerts deliver the sales team timely and relevant information about our prospects.  And, as an added bonus, the Salesforce.com integration has helped increase CRM adoption within our team and improve our overall CRM data quality.”

“Our trial with InsideView demonstrated significant value over Hoover’s based on head-to-head tests in several active campaigns. The depth of contacts was far superior to Hoover’s and Smart Agents™ brought relevant news about target accounts directly to our sales team,” said Glenn Haertel, executive vice president at SynQ Solutions. “SalesView’s tight integration into Microsoft Dynamics CRM was another key factor in our decision-making.  We adopted SalesView even though we still had six months left on the Hoover’s contract.”

We’re pleased to announce that Innotas, an on-demand IT governance solution, has successfully deployed SalesView. In the year since Innotas began utilizing SalesView they have registered incredible results, including a more than 150% growth in year-over-year revenue, a 200% increase in call volume, 240% increase in transactions and nearly 1,000% increase in customers contacted!

Kevin Kern, Vice President of Worldwide Sales at Innotas noted about SalesView, “Before deploying SalesView, we were experiencing the all-too-common problems that sales teams face: Inaccurate and incomplete data, conflicting customer list information, and insufficient and redundant prospecting activity meant there was no single source of ‘truth’ in our data. SalesView has corrected these issues and contributed greatly to our tremendous revenue, transaction and pipeline growth over the past year.”

SalesView has helped Innotas create a systematic way to manage sales territories more effectively and deliver improved information and visibility into opportunities. The application also simplified the prospecting process and improved cross-selling with Innotas’ existing customers.

As Kern also noted, “Simply put, better data means warmer sales calls — and that’s huge.”

It’s tremendous to see what Innotas has been able to achieve in its target market with SalesView. We’re looking forward to hearing more about their continued growth and SalesView’s role in achieving excellent results.

What a year it’s been! We’re really excited to announce today that InsideView has experienced significant growth since the same quarter as last year, including a revenue growth of 294% over the third quarter of 2008. It’s been an extremely busy quarter with the announcement of partnerships with top tier information providers, such as Thomson Reuters, Capital IQ (a Standard & Poor’s company), Cortera and NetProspex, as well the launch of the InsideView Smart Cloud™platform.

The InsideView Smart Cloud is the first sales intelligence solution to allow plug-and-play addition and validation of content, a critical component for keeping up with the constantly changing information sources across the Web. To read more about the platform, check out TechCrunchIT’s article on the launch here.

Overall, we’ve seen great growth across our business during the third quarter. Some additional financial highlights include:

–  163% bookings growth over same quarter last year
–  294% revenue growth over same quarter last year
–  250% customer growth over same quarter last year
–  235% seat growth over same quarter last year

And we’re moving right along. Be on the lookout for exciting news coming from us soon.

We’re here at the Fairmont Hotel in Chicago for the Sales 2.0 Conference and just listened to the ‘Sales Lead Management 2.0 – Best Practices for a Profitable Lead Pipeline’ session. Panelist David Fitzgerald, executive vice president of sales, marketing and services for Brainshark, gave an engaging presentation on Brainshark’s very successful performance last quarter and savvy use of Sales 2.0 technologies, such as SalesView.

Some of the business challenges that Fitzgerald noted that Brainshark had been experiencing prior to their accelerated sales growth included:
- Increasing Sales Productivity – how to achieve more effective sales prospecting.
- Increasing Marketing Campaign effectiveness
- Improving the quality of the data in SFDC
- Named Account Management – Brainshark had a need for hierarchy information, access to named account information and demographics for territory account assignments

Brainshark made the decision in February 2009 to begin using InsideView as their sales intelligence provider and during its first six months of SalesView deployment they have achieved more than a 320% return on investment (ROI) and a 12% increase in their pipeline! Some of the specific reasons that he attributed SalesView helping to increase Brainshark’s sales productivity included its easy-to-use integration with SFDC, as well as the quick access the application provides to high level contacts, social media buzz, competitive news and account hierarchies. He also noted that SalesView increased their marketing campaign effectiveness through the improved quality and quantity of leads and demographic data it provided.

To illustrate the success that Brainshark has experienced with InsideView, David gave the example of a significant deal that one of his reps used to close a deal with Wolters Kluwer, a five billion dollar information and business intelligence company. Tim McDonough, strategic account manager at Brainshark, recorded a 2-3 minute testimonial (using the Brainshark technology of course, very cool idea).  In it he highlights how SalesView helped him quickly find key executives’ contact information and build a customized executive presentation based on intelligence found by SalesView Smart Agents and the new ‘Buzz’ tab.  Throughout the 10 week sales cycle, Brainshark also continued to receive automated alerts via SalesView, keeping him informed about any key events at the company.

InsideView testimonial by Brainshark strategic account manager Tim McDonough

InsideView testimonial by Brainshark strategic account manager Tim McDonough

Brainshark’s success with SalesView is reflective of the type of sales productivity and performance gains that we are seeing across InsideView’s client base. We are very excited to see our clients utilizing SalesView in such effective ways and turning the potential of Sales 2.0 technology like ours into solid success metrics.

They are all improving the CRM industry, according to CRM Magazine’s 2009 CRM Market Awards, which were announced today. InsideView was recognized in a short-list with Google and Facebook as ‘Rising Stars’ for the CRM industry.

InsideView named CRM Rising StarInsideView named CRM Rising Star

We are very happy about this recognition of the impact that our Sales 2.0 technology is having on the CRM industry. It’s exciting to be among such acclaimed company and rather fitting, as InsideView has been one of the key players to make relevant data from Facebook and Google’s properties accessible and useful to CRM users through our sales intelligence application, SalesView. Facebook and Google have been instrumental in opening up broad new opportunities to better inform salespeople and we are committed to continuing to build the best system possible to aggregate the right data from these and many other sources and delivering it to CRM users when it is most useful to them.

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