Summer of Sales Intelligence: InsideView Sees Huge Gains in Customers and Major CRM Platforms, Delivers 8 Million Sales Triggers in Recent Quarter

Ten times more companies started using intelligence to sell better in 2011′s Q3 than any other quarter. That’s according to the latest numbers from InsideView, the leading provider of sales intelligence for the enterprise. The company also revealed it delivered more than 8 million unique new opportunity sales triggers to its customers during the same period.

Intelligence Over Data: Quality and Quantity in Harmony
InsideView’s sales intelligence provides something data simply can’t: a competitive advantage. Anyone can provide a current title, phone number or email address on a lead. Only InsideView can provide this basic information, but more. For example, a business event — like an acquisition or merger — that warrants sales outreach, or news event like a product launch, that matters to the ongoing sales conversation.

“While other companies are betting their business on providing more and more data, we’re finding accelerating demand for higher quality sales intelligence, not just more data,” said Umberto Milletti, CEO of InsideView. “Sales intelligence is the combination of not only business data, but social context, how you’re connected to a lead or prospect, valuable news insight, and real-time triggers that inform you when to take action. In fact, we’re delivering 35 million unique news trigger events to our users a year to help them sell better and generate more revenue.”

Independent research firm Aberdeen Research has found that InsideView’s style of sales intelligence increases several key areas for sales success, including sales quota attainment, customer retention and overall revenue growth.

“We have seen that, in 2010, the best-in-class organizations outperformed by achieving 28% revenue growth compared to just 3% for others — and intelligence is a key reason for this,” said Peter Ostrow of Aberdeen Research.

Big Growth and Launch of CRM+
InsideView’s own growth saw almost 10,000 new professionals using its free product, and over 250 enterprises signing on to its award-winning paid version, since July. In August, the company launched CRM+, which brought its intelligence technology to a broader business sector including marketing, service, human resources and more.

“InsideView gives businesses sales intelligence and information that will aid sales operations with helping develop and maintain leads and clients,” noted TechCrunch in coverage of InsideView’s CRM+ launch. “CRM+ now brings social data to all CRM users (marketing, operations, customer service, etc.), not just sales.”

InsideView was also the only provider of sales intelligence included in August’s Gartner Magic Quadrant for Social CRM.

Success On All CRM Solutions
InsideView’s leadership continues across all major CRM platforms:

• Salesforce.com: InsideView continues to be the all-time most popular sales app on the salesforce.com AppExchange.
• Microsoft Dynamics CRM: In July, the company was selected as a 2011 Microsoft Dynamics Marketplace Solution Excellence Partner of the Year.
• SAP: Earlier in the summer, InsideView gained the prestigious “Powered by SAP NetWeaver®” certification status.
• SugarCRM: In June, InsideView and SugarCRM combined forces to bring InsideView standard and out-of-the-box.
• Oracle CRM OnDemand: InsideView is part of the Inner Circle program.
• NetSuite: Collaboration through the Preferred Partner Program.

To learn more about InsideView, please visit www.insideview.com.

Sales 2.0 is the bread and butter of what we do here at InsideView. Essentially, we want salespeople to incorporate sales intelligence into the new generation of sales where social selling comes into play. Unfortunately, this methodology of sales 2.0 is skewed in various definitions and discussions of its effectiveness. As a result, I have had the privlidge of gathering 15 great sales 2.0 posts that provide some solid definitions, rich in content.

1. Sales Tip: The Social Graph is Your Friend – Nigel Edelshain
2. 37 Character Tweet Led to Huge Sales Opportunity – Anneke Seley
3. 5 Essential Books to Understand B2B Sales 2.0 – Katie Byrnes
4. 7 Forward Thinking Presentations You May Have Missed – Chad Levitt
5. Sales Success Strategies for a Social World – Gerhard Gschwandtner
6. What the Heck is Sales 2.0 (& Why Should I Care) – Pamela Seiple
7. 40 Great Social Media Infographics for B2B - Koka Sexton
8. Sales 2.0: Is Hunter vs. Farmer Theory Outdated? – Claire Moore
9. How to Shorten Your Revenue Cycle – Andrew Hunt
10. 10 fresh Ideas on Sales 2.0 And Sales Process – Marci Reynolds
11. Productivity on Steroids (Podcast) – John Cousineau
12. Lead Scoring is 878% More Effective Than Cold Calling – Paul Rafferty
13. What is Sales 2.0 (And Why You Should Care) – Padalog
14. Statistics Show the Business Case for Sales Enablement - Paul Krajewski
15. Sales 2.0 The Impact on Selling and Sales Process – Tony Cole

Dreamforce 2011 was an amazing event. With over 40,000 registered attendees, this marked a new milestone for Salesforce’s annual conference in San Francisco. We had an excellent time meeting with our customers that have InsideView embedded into their CRM and met a ton of new people that wanted to know more about how our application can help drive sales and marketing efforts.

After a lot of planning on our booth and theme, it all came down to the actual event and seeing if we were able to execute as well as we wanted. Turns out we did a bit better than expected. WooHoo Insiders!!

Knowing that there was going to be a focus by attendees on Radian6 getting acquired by Salesforce and the growing trend for companies trying to become more social, we stuck with a focused message around “Cutting through the noise.” One of the chief complaints I hear about social media being used by B2B companies is that listening is great but getting to the relevant conversations that can be leveraged by sales people is difficult. That’s where sales intelligence comes into the picture and has shown to increase revenue for B2B companies.

The first Keynote by Marc Benioff focused on the Social Enterprise and showed how companies from all over the world have started collaborating and engaging within social networks and Chatter. This messaging was music to our ears since we have been leading the charge with delivering social intelligence to companies for the past 5 years.

This really got people here excited because the Social Enterprise is much larger than just sharing news with people in Chatter groups. There are very few applications that people can use to gather social intelligence on companies that enable sales and marketing teams to get alerts and monitor trigger events within their accounts. Having links to a contacts social profiles are nice but when that gets compiled with relevant business events and you’re able to see how you are connected to people in ways LinkedIn can’t show, you have a powerful application that can drive revenue in any company.

Social Selling Panel

We held a session during Dreamforce around how companies can cut through the noise of social media and get very targeted intelligence on what their customers and prospects are doing. Our speakers included Umberto Milletti, InsideView; PC Christopher, Avaya Inc.; Mark Stock, Adobe Systems Inc.; Mike D’Onofrio, Concur Technologies Inc.

Social media is changing how customers interact with enterprises and how they buy. At the same time, customers’ social media conversations with peers are creating “big data.” For sales reps, making sense of all this data is overwhelming. The session showed how winning sales organizations are increasing their performance and gaining an edge on their competitors by harnessing big data and using changing customer behavior to their advantage. Each of the speakers gave real world examples of how they leverage sales intelligence to grow their pipelines and close more deals.

The Metallica Axe

We launched a mini-Dreamforce campaign around Metallica who was playing at the Global Gala. That all came about when we heard the first rumor/leak that Metallica was going to be playing at the event. We searched all over and found the most awesome giveaway possible. An autographed Metallica guitar. Then we spun up a Twitter profile for the @metallica_axe and started building the buzz. The Metallica guitar giveaway was so successful that we had people coming to our booth wondering how we worked out a deal with Dreamforce to have this as the giveaway. There was no deal, we just wanted to give away the most amazing prize during the event.

We wanted to focus on the people around Dreamforce so we identified some of the top influencers and built a presentation to showcase them.

The autographed Metallica guitar was such a hit that Marc Benioff sent us a message when there were problems getting into the concert.

The Winner of the Guitar

The winner was pulled from about 1000 names. Rebecca D. or SFDC_Nerd as she is known on Twitter was the lucky lady who walked away with the prize. After a bit of back and forth with Jetblue, Rebecca and the guitar were given VIP passes back to Boston where the axe will be cherished.

Conclusion

Dreamforce 2011 was a great event. One of the largest events we attend every year. Getting to meet so many customers and talk to people wanting help with sales enablement is a wonderful experience. Now we just have to start thinking abut how we are going to out-do ourselves next year.

What is Gamification?

One of the trending topics in business is gamification. If you are not familiar with the term, in short, gamification is the application of game mechanics to non-game experiences that can drive an audience to a desired behavior.The size of the audience available through gaming is enormous and rivals television as a medium.

According to Forrester, gamers span just about every demographic.

• 65% of Xbox gamers are male
• 59% of “social gamers” (like Farmville…) are women
• 23% of the “social gamers” are Boomers between 45 and 65 years old.

In general gamers are also more motivated to have ‘connections’ with people than non-gamers. In the world of sales, connections and engagement is key to driving pipeline growth and creating new opportunities.

A few definitions of gamification:

• A game is structured play, usually for fun.
• Gameplay is interaction inside of a game.
• Game Mechanics are constructs or tactics commonly used in games to encourage gameplay. These are things like badges, points, leader boards, levels, challenges, achievements and virtual sheep you can put on your virtual farm.
• Game Dynamics are strategies commonly used in game design based on psychological motivations. These include things like “Appointments,” in which someone does something to gain a reward, “Avoidance,” in which someone does something to avoid a punishment, or the “Free Lunch” dynamic, in which people feel they are getting something because of their behavior.
• Currencies are ways to give people incentives based on various motivations in a digital world: the need for financial reward, the need to do good, the need to help one’s community, the need for recognition and influence, the need for pleasure. We can assign currencies to each one of these motivations to reward people for desired behaviors.

Gamification for Sales

Turning the sales process into a game is not a stretch of the imagination for companies. In may ways companies with B2B sales people have already added game mechanics into the process on a small scale. Glenngary Glen Ross has an amazing scene in the beginning of the movie where Alec Baldwin is addressing the sales team where is explains First Prize is a Cadillac and Second Prize is a set of steak knives. This is how most businesses gamify sales to date.

• Commission checks
• Presidents Club
• Spiffs

These are all typically based around revenue for a company and these game mechanics drive the behavior of the sales team to sell more. This is where most companies end the game process but that is about to change.

Companies like Xactly have developed an application that drives compensation management , most typically marketed to businesses that have become buried in spreadsheets trying to track sales teams and their commissions. That’s a big enough problem to tackle for companies but their application has some functionality that brings gamification to the sales teams directly. At a recent event I heard Xactly discuss how their customers base compensation and commissions on a series of behaviors that lean more ‘reward’ to the sales person if they do things such as close a deal early in the month or if they sales can close a deal within a specific time frame.

This opens up a lot doors into how companies could introduce game mechanics for sales even extending beyond revenue events.

Game On for B2B Sales

Research shows that financial rewards for gamers is only one incentive and not even the primary factor that people play games. We saw this internally at InsideView when we wanted to drive social media adoption by the company. The only game mechanic we had to put in place was a monthly email that highlighted to most active employees on Twitter. The internal competition to be in First Place drove up the number of updates from employees 312%.

Sales teams could, and I think should be incentivised for a number of activities outside of just revenue generation. True, the primary responsibility for sales teams is to close deals but within that process of selling there are a number of activities or tasks that can be measured and applied with game mechanics to drive even more productivity. Image a sales team that saw their work as a game and wanted to unlock as many achievements as possible to be recognized publicly and financially?

I hear more and more companies trying to add a layer of gamification to their sales processes. There are several ways to do this and the achievements and metrics are different depending on each companies desired goals.

• Number of calls
• New opportunities created
• Engagement on social media
• Discussions created in company communities
• Leads generated by online/personal social activities.

The list can go on forever. The truth is that they are almost limitless and all drive business metrics across different departments.

Is your company thinking of implementing gamification to sales or have any game mechanics that have been working so far?

This is the first mentions of Salesforce having Metallica as their featured performer at their annual Dreamforce 2011. Metallica known for songs like The Unforgiven, Master of Puppets, Fade to Black. I was skeptical about the news but the profile is owned by a Salesforce.com sales rep. Sure it could just be a rumor but coming from someone within the company adds some credibility to the update I would think.

There has been no official statement from the Salesforce or Dreamforce team on this news but I would suspect that will happen soon. They need to get on that before the entire world knows Metallica will be attending their massive conference before they say anything. It’s also really nice that Shakeel is willing to give out some passes. I’m sure he’s going to be the popular guy within the #DF11 group if that’s the case.

Twitter has been spreading the news about Metallica fairly quickly and most people are excited at the news. Are you more or less excited about Dreamforce now?

Update: Marcus Nelson the head of social media for the company passed along this reply to my request. hmmm…. I didn’t hear a “NOT True” in there. I bet we hear something by the end of the day.

Salesforce has officially responded which makes me think Metallica IS going to be the performer. Why else would they @metallica (hence getting their attention) if they were not planning on signing them or already have. Again. Still all rumor but this is all adding up to a Heavy Metal Dreamforce.

Thank you Marc for confirming the news!

Salesforce.com shakes the SaaS world again with this morning’s announcement that they have acquired social monitoring company Radian6 for $326 Million. This is the first example of a CRM company making a definitive move into the Social Monitoring space.

Radian6 works with clients like Dell, GE, Kodak and UPS to help monitor, analyze and engage in ‘hundreds of millions’ of social media conversations. Salesforce argues that the acquisition of the company will enable it to enhance all of its products, including Sales Cloud, Service Cloud, Chatter and Force.com.

This is a proof point to the changing business environment we live in and why Social Selling is going to be the next evolution of a sales environment. I think that we are still a little ways off from a sales team being able to leverage a social monitoring tool like Radian6 but it will happen and leveraging social media and having a sales intelligence tool combined would make most sales teams light years ahead of their competition.

With Radian6, salesforce.com is gaining the technology and market leader in social media monitoring. We see this as a huge opportunity. Not only will this acquisition accelerate our growth, it will extend the value of all of our offerings. – Marc Benioff

It’s encouraging to see a major CRM vendor like Salesforce investing in this. The immediate impact will be seen in support and marketing departments but getting sales people configured to use an application like this and building a social selling methodology around it could be a long while out. If you are interested in knowing about how to leverage social media for sales, sign up for the Social Selling University and get a free license of InsideView for Sales.

Finding people that you can bring into the sales funnel is easier when you can tap into their social media streams. Prospects are online everyday asking questions and looking for solutions to solve their business issues. The problem facing most sales teams is a lack of understanding on the impact social selling can have on their efforts.

Social Selling Webinars

Your Customer Has Moved. Do You Know Where? <~~ WebEx Link
Sales and marketing approaches have been flipped upside down with the explosion of social media. What worked 3 years ago, doesn’t work now. Social media has brought with it a profound global shift in communications that favors relationships over contacts, eliminates cold calling, and puts the buyer in control of the sales process. Capitalize on some simple, but practical “how to” ideas for engaging buyers and customers in a digital economy. During this session we will discuss:

• Why bother? A look at the numbers
• Evolution of sales and how social media applies
• Benefits of social selling
• Creating value in advance of the sales opportunity
• What executives want you to know
• Building loyalty and retention
• How to use social media for lead generation
• Lead generation from current networks

Social Selling with LinkedIn and Twitter <~~ WebEx Link
When sales organizations try to leverage social media into their sales processes, they are often overwhelmed by too much information and underwhelmed by its impact on productivity.

• A quick primer on social media
• Why you need to use social media for your B2B sales organization
• How you can get started
• Tools and Techniques that you need to know

Selling to Crazy Busy People <~~ WebEx Link
Having a tough time capturing and keeping the attention of today’s stressed-out decision makers? In this webinar, you’ll learn:

•How being crazy-busy impacts your prospects’ thinking, decision making and expectations.
•Three critical mistakes that will kill your chances of setting up a meeting with a potential customer.
•The four key factors your prospects use to determine if they’ll continue the conversation with you — or not.
•Why leveraging social media is absolutely critical to your sales success today.

For a complete list of Social Selling University Webinars go here.

InsideView Launches Social Selling University to Provide Comprehensive Education for Sales Professionals, Driving Sales Productivity Through Social MediaWorld’s Top Sales Experts, Social Media Pundits Unite for Launch of First-of-Its-Kind Education Initiative

Today Social Selling University officially launches as the first program to educate sales professionals on how to leverage social media technologies and methodologies to increase sales productivity and drive revenue throughout the entire sales cycle. The first-of-its-kind program instructs sales organizations, consultants and in-house teams about selling to the modern and socially-connected customer — Customer 2.0 — and offers both an on-demand curriculum and live workshops. The program is open to all sales professionals starting today.

Social Selling University’s (SSU) actionable content and interactive learning modules have been developed by expert instructors, including experienced thought leaders, authors and analysts. Classes are designed for all levels of sales professionals, covering a broad range of topics including entry-level social media instruction on LinkedIn, Twitter and Facebook, best practices for managing personal online brands and how to accelerate the sales cycle by leveraging recent business events, social conversations and social relationships (aka “social intelligence”). The program’s instructors will provide expert advice to sales management on how to best incorporate social selling into their organizations, and educate sales professionals on how to utilize social media platforms to drive greater sales productivity.

“Social media is fundamentally changing the way sales professionals navigate the sales cycle — what worked two years ago, doesn’t work anymore because socially savvy buyers know far more about products and companies than ever before,” said Barbara Giamanco, Talent Builders CEO. “Fortunately, SSU levels the playing field by teaching sales executives, managers and reps how to interact with and sell to the modern consumer. These social sales practices breed relationships and eliminate the need for cold calling.”

Who should attend SSU?
Any sales professional — from account rep to sales team leader, director or executive — who CANNOT answer the question: “What is social selling and why does it matter to my sales organization?”

Isn’t social media for marketers? Why does social media matter to sales people?

• Social media marketing grew 50% in 2010 to $1.2 billion, and analysts predict that 2011 is the “year of social integration” for businesses. Social CRM has crested as the new and understood platform for sales and customer service.

“Salespeople who fail to leverage social media do so at their own peril. The problem is, many don’t know how,” said Jill Konrath, best-selling author of SNAP Selling and Selling to Big Companies. “Thankfully, technologies exist to allow any sales professional to gather and share relevant buyer information and achieve greater sales success. Social Selling University is a great place to start and continue learning what’s possible in the new world of social selling.”

As part of the initiative, SSU will host a Webinar series, featuring a panel of industry thought leaders to answer questions about how to use social media for sales, including:

March 3: Barbara Giamanco, founder and CEO of Talent Builders, Inc
March 8: Koka Sexton, director of Social Selling University
March 10: Jill Konrath, author of SNAP Selling and Selling to Big Companies
March 15: Patrick O’Malley, social media trainer and consultant
March 17: Nigel Edelshain, CEO of Sales 2.0
March 22: Pelin Thorogood, principal, Schulman + Thorogood Group.
March 24: Anneke Seley, CEO and founder of Phone Works and coauthor of Sales 2.0
March 29: Dan Schawbel, managing partner of Millennial Branding, LLC
March 31: Tibor Shanto, principal, Renbor Sales Solutions

On March 8, SSU will host a live, complimentary workshop following the Sales 2.0 Conference in San Francisco, where industry thought leaders will discuss the best practices for leveraging social media to increase sales team performance. Visit SSU’s registration page for more information about the agenda, speakers or sign-up information.

“Social media has completely changed the world of selling, and if you and your organization want to stay relevant, then you need to learn how to use these tools before your competitors,” said Dan Schawbel, the author of the number one international bestselling book, Me 2.0: 4 Steps to Building Your Future. ”Social Selling University is the first program to teach salespeople how to use Facebook, Twitter and other social tools to generate ready-to-buy leads and build relationships with customers that result in long-term business growth.”

About Social Selling University
Social Selling University is the world’s first initiative dedicated to teaching the sales profession how to put social media to work within their sales processes and organizations for greater productivity and revenue, through online instruction and in-person workshops. SSU staff includes dozens of the leading experts in social media, sales and Social CRM, and provides courses made specifically for executives, managers and representatives. Founded in 2011 by InsideView, SSU is the leading source of education about using the social Web to increase sales productivity through social intelligence. For more information, visit www.socialsellingu.com.

If you are an Inside Sales professional or a sales leader, you should already know about the AA-ISP Inside Sales Leadership Summit 2011. This event will feature over 30 of the nation’s leading Inside Sales experts who will deliver presentations and discussions focused on the issues most critical to today’s Inside Sales Leaders and Managers.

As the only conference dedicated exclusively to the “front lines” of Inside Sales, this event will bring together Inside Sales Professionals to learn, share, and network. Inside Sales 2011 will deliver informative, thought-provoking presentations designed to help Inside Sales individuals, teams, and organizations.

This one day conference will include a variety of general sessions, interactive break-out sessions, and lively panel discussions featuring some of the nation’s leading Inside Sales experts. Focus will be on addressing issues critical to the success of today’s Inside Sales Professionals while providing key sales tactics and techniques. In addition, the Solution Provider Exhibit will offer attendees the opportunity to meet with leading inside sales vendors.

The conference will be packed full of innovative, practical ideas and best practices. Inside Sales Professionals will leave exhilarated, enthused, and armed with new knowledge, techniques, and tools designed to improve and enhance sales performance.

Umberto Milletti will be a Featured Speaker at the event along with some other great speakers like Tom Scontras of Glance Networks, Steve Richards of Vorsight Sales Training and many, many more.

Increase Inside Sales Productivity with Social Intelligence

Cold calling is changing to warm calling, as prospects are demanding more relevance from sales reps.    Find out how to harness social intelligence to increase your sales productivity and accelerate sales cycles.  Learn how to bring social selling into your sales organization to improve prospecting effectiveness and close rates.

Time: Thursday, February 10 
from 4;15 p.m – 4:45 p.m

The AA-ISP Inside Sales Leadership Summit 2011 is less than  two weeks away and it’s not too late to register. InsideView will also have a booth at the event and we look forward to talking with you about our product or ways that we have maximized our sales productivity internally to double our revenue in a record breaking year.

Social media has become a defacto marketing tool for any organization, but it’s incredible how scared sales managers and teams still are of letting their sales reps join the sales 2.0 party. But the reality is, the only thing you have to fear is fear itself…oh, and not closing more and larger deals faster than ever before.

Social networks like Twitter and LinkedIn (as well as the entire blogosophere) are target-rich environments to find new opportunities and leads, and engage with prospects in a powerful and effectively intelligent new way. So what is holding companies back? Of the dozen or so objections I have heard, my conclusion is: FEAR. Fear that their sales team will not produce results, fear that the sales team will waste their time online and fear that their sales teams will do or say something online that will tarnish their brand and kill sales. The fact of the matter is, NOT letting sales professionals engage on social media is detrimental to the bottom line for the reasons below.

In addition, it always surprises me when a company pushes off any new technology based on such fear, and masks it with an excuse. Businesses that embrace innovation and new tools have a great track record of becoming leaders in their spaces. Social media is no different as it applies to sales professionals. There are very simple reasons that all of these excuses should be thrown away and sales people given a green light to social media engagement with leads and prospects.

Fact: Social selling produces results

Sirius Decisions Inc. recently said in a webinar that in most sales cycles, customers are now in control. Customers are doing 70 percent of the research online that drives the buying decisions, and then contacting a specific vendor for the purchase. The old concept of customers calling into a company to be ‘sold’ something is quickly vanishing. Since more of the buying process is happening online in discussion groups and social networks, sales people that are paying attention and, in most cases, are already a member of these networks like Twitter, will capitalize on these conversations and identify new opportunities much earlier than those without such social involvement.

Myth: Social Selling is not a time-suck

If your sales team is wasting their time online or talking to friends on the phone most of the day, stop now and reevaluate your employees. If you have talented and hard working people on your sales team, then you shouldn’t expect them to behave any different with using social media throughout the sales cycle. If your sales team is already using Twitter or other networks for personal use, they will be able to adopt a sales methodology around the same tools to produce revenue.

Myth: ‘Social Selling’ is too risky

This is an objection that comes up more often than any other, and it’s a common misunderstanding that a business can be destroyed in the matter of one status update or blog post. But, I don’t agree with this any more than I would with the idea that a poorly sent email to a customer can do the same. There was a point in time where sales people didn’t have access to email for that exact reason, but can you imagine not having email as a tool? The same will be said about social media tools in 10 years – those who embrace it will be in the drivers seat, and ultimately win out.

It all comes down to “letting go” and enabling your sales teams to be more effective. Social Selling is not fit for every sales person, but I’d bet you have a strong percentage of your sales team that would welcome the opportunity to drive opportunities through social tools in addition to traditional phone and email tactics.

This post originally appeared on Sales2.com where InsideView has regular contributions. Sales 2.0 is a site dedicated to the improvement of sales results.

Sales people blogging comes up when talking to companies about ways to involve more sales and marketing alignment programs. I was reading Dave Brock’s recent post on the same subject and he explains that companies are “dead wrong” from a business point of view if they have sales bloggers. There could be some healthy discussion around this being a valuable use of time for short term gains but it’s getting much more clear as time goes on that content is king. Having a social and transparent company drives customer loyalty and generates new business. I think that companies that empower their sales people to use social media tools like blogs can exponentially increase awareness and drive lead generation and revenue for a company. I’m not the only one that thinks this. IBM has the same idea.

How successful can a B2B business be using social media? Fairly successful, at least in the case of IBM. We recently chatted with Ed Linde II, whose team is responsible for building Web assets to support the IBM.com sales channel and organic Web visitors, about IBM’s social media efforts and successes. He spoke about their Listening for Leads program, which he says has “uncovered millions of dollars worth of sales leads” so far, and is expected grow even more. Here’s a clip from the full interview available on eMarketer Total Access.

Mr. Linde II: Within IBM we have a number of people in the brand areas who are blogging and doing things in the social media space relative to topics like cloud computing.

In B2B we have a number of Websites that we built for our sales reps where we’ve enabled the reps to have a blog with RSS feeds that are connected to LinkedIn and Twitter. Their customers can follow them where they have an individual relationship.

Some of our reps have Facebook pages also. We also have a program called Listening for Leads, where we have people we call “seekers” who on a voluntary basis go to particular social media sites where they listen to conversations and determine whether there’s a potential sales opportunity.

eMarketer: How is IBM using Twitter?

Mr. Linde II: We promote our customer events on Twitter. When I say customer events, they could be Webinars, podcasts, virtual trade shows or physical trade shows. We advertise some of our promotions via Twitter. And our individual reps use Twitter to keep their customers updated about interesting news, events and things of that nature. Each rep has their own Twitter account. We also have the handle @IBMpcs because we sell refurbished PCs .

eMarketer: How are you tracking and measuring your social initiatives? You mentioned that you’ve identified millions of sales leads.

Mr. Linde II: We measure against number of sales leads identified. And we rate the lead value from those leads. Then the win revenue and win rate. So there are four key metrics—number of leads created, lead value, win revenue and win rate.

The purpose of the blog is to drive sales. Giving sales people a resource like their own blog or the ability to create content for the company blog is a valuable asset that businesses should not overlook. Marketing shouldn’t control the blog with an iron fist, most marketing people I know are constantly looking for new content to drive traffic and leads so it just makes sense to use internal talent to make this happen.

Take a look at your sales team, find out which of them can write well and articulate the sales landscape they are working in. With a little sales 2.0 training, they should be able to dedicate a couple hours a week to writing a post for the company. One blog post can go a long way, we are still getting leads from blog posts from almost a year ago written by members of our sales and support teams.

A recent report by eMarketer shows why social media networks like Facebook should be a focus for more sales and marketing alignment. The fact that companies are spending $3 billion on Facebook means that sales teams should be trained on the use of Facebook as a tool for lead conversion and prospect engagement. Most companies are giving a large amount of resources on building their professional Facebook page and following it up with additional dollars from their budgets to drive new customers to those pages. Sure many companies are spending money on Facebook ads to push people to other landing pages off the network but it’s been shown that developing a solid presence on Facebook and keeping people in the network converts higher and helps spread WOM marketing. The same strategy should be used in other networks.

”2010 was the year that Facebook firmly established itself as a major force not only in social network advertising but all of online advertising,” said eMarketer principal analyst Debra Aho Williamson, author of the upcoming report “Worldwide Social Network Ad Spending: 2011 Outlook.” “In 2011, its global presence is something multinational advertisers can’t ignore.”

Sales teams should be encouraged to interact with the company Facebook page, commenting on updates and sharing news from the company page. The community you build on your Facebook page is something both sales and marketing should be very conscious of and nurtured. Even though LinkedIn is a professional network and we pointed out LinkedIn is Facebook with a tie,  different departments should be engaged on Facebook. Marketing for the general awareness and branding of the company and sales teams for the engagement of  new prospects wanting to know more about their product/service. Company support and services should also play a part by answering questions and providing updates based on best practices.

This means that companies should give up some control and designate Facebook ambassadors to the pages from sales and support and give them Admin access to post under the company name. Here are 10 reasons for using Facebook for your business. Since building a community on Facebook around your company should be the goal, you need to seed the community with people from your company that can help people from all sides of the sales cycle. Very few companies have done this that I know of and with the proper training (Sales 2.0) a sales person can quickly identify potential prospects and then generate new leads. Though Facebook is the origin of some of these new prospects and you should continue engagement with them on the platform, knowing who the prospects are that interact with your Facebook page and then bringing them into your CRM will give you the metrics needed to show it’s success. The same goes for current customers, if it’s primarily answering questions or fostering a relationship for continued business, sales people should be taking more of a leadership role in how social networks are managed.

Sales Intelligence and Social Selling Become The New Must-Haves
InsideView’s rapid growth in 2010 was driven by increasing numbers of large and medium enterprises that are adopting sales intelligence and social selling as core capabilities to improve their sales execution.

In 2010, sales organizations were looking to work smarter, not just harder. Gaining critical insights on not just who to call, but knowing when and why to call customers, sets apart top performing sales organizations from competitors. InsideView now boasts more than 60,000 end users. New customers include Avaya, AIG, Riverbed Technologies and Workday.

InsideView continued to invest substantially in R&D by doubling its development team in 2010. InsideView maintained its substantial lead in product innovation, with several new capabilities including:

• Social Profiles: View rich social profile information from dozens of social networks to gain unique insights into customers and prospects
• Social Search: Search for contacts on specific social networks like Facebook, LinkedIn and Twitter to better target prospects and engage via multiple channels
• Social Connections: Tap into existing relationships to leverage connections into a prospect or customer via the Facebook and LinkedIn APIs
• Social Mentions: Access a filtered, relevant stream of social media mentions to understand what is being said about customers and prospects
• Automated Watchlists: Automatically track and monitor key CRM accounts to ensure that potential opportunities and threats are never missed
• New User Interface: Access key insights with fewer clicks to streamline the most common B2B sales activities such as lead qualification and pre-call research

InsideView also won numerous awards for product innovation and market leadership:

• JMP Securities Hot 100 List of best privately held software companies for the second time in a row
• ZDNet CRM Watchlist for third year in a row
• The only sales intelligence and social selling vendor included in Gartner’s Social CRM Magic Quadrant

InsideView’s success was shared by its customers. InsideView customers, including Adobe Omniture Business Unit, Brainshark, Inc., BigMachines, Inc. and Unisfair, dominated 2010′s Sales and Marketing 2.0 Awards for innovative use of technologies to drive sales and marketing excellence.

Ecosystem Grows Substantially

InsideView’s ecosystem of partners grew exponentially in 2010 to more than 50 partners. This growth is a testament to more companies looking to get more out of their CRM investments, by investing in sales intelligence and social selling initiatives.

The top companies in Sales Effectiveness and CRM Implementation selected InsideView as their primary sales intelligence partner, recognizing the value InsideView provides in several key areas: increased sales productivity, higher lead conversion rates, higher opportunity win rates and rapid CRM adoption.

InsideView has also become the most popular and highest rated sales intelligence solution on all the leading CRM marketplaces and/or ecosystems, including:

• Most popular and highest rated Sales Intelligence application on the Salesforce AppExchange
• Most popular download on Salesforce ChatterExchange
• Most Valuable Bundle on NetSuite SuiteApp
• Most popular Sales Intelligence application on SugarCRM SugarExchange
• Only Sales Intelligence vendor in Oracle’s CRM On Demand Inner Circle
• Highest-rated app for Microsoft CRM 2011 on the Dynamics Marketplace

“InsideView’s growth in 2010 is a proof-point that enterprises of all sizes are increasingly looking to sales intelligence and social selling as must-haves, in order to compete and win,” said Umberto Milletti, founder and CEO of InsideView. “InsideView enables enterprises to quickly increase sales productivity and get measurable ROI. We are extremely proud of our success in 2010, and look forward to continuing our rapid growth in 2011.”

What will the software industry look like in 3, 5, even 10 years from now?

Cloud computing and social media are the two very significant trends that will shape the future of the software industry for years to come. Core cloud applications (email, CRM, ERP, etc.) will become an “operating system” that nearly all companies will have in place. These business applications focus on workflow automation – bringing in process efficiencies – and are sufficient to run a manufacturing or process business. However, businesses are increasingly delivering services, where employee knowledge and intelligence are the keys to success. This is where social media, business intelligence and collaboration technology becomes relevant, and crucial. It is designed to make employees smarter and more effective, not just to automate their jobs.

The big challenge with social media & collaboration is that it creates very, very large quantities of information. If you include systems-generated streams, the amount of information and data quickly becomes overwhelming. Software companies need to effectively tap into this growing source of “social intelligence,” developing technologies capable of monitoring the information stream for important and relevant intelligence. For example, a social conversations about their brands, products and people that might give users new insights and detail otherwise not available through traditional news sources. Software companies then must tackle the quantity-versus-quality problem by effectively filtering and analyzing the large quantities of available information. Lastly, they need to deliver the most relevant and useful intelligence to end-users in the easiest-to-consume manner: directly within the workflow of the business applications they enrich.

Of course, end-user technologies have to be just as easy to deploy as they are to use, both for the end-users and IT decision-makers. The days of hard to use, difficult to implement software, will quickly fade. A new, two-pronged software distribution model is emerging to improve adoption: first, make the application as widely available as possible, promoting ‘bottom-up’ adoption, which in turn drives ‘top-down’ implementation. As an example, at InsideView, we created a free version of our sales intelligence application to facilitate broader adoption and distribution. I believe the “Freemium model” will become more and more prevalent in the software industry. But even without the universal availability of an app, the single-most important principle is making it easy for a decision maker to deploy with little effort across the target user base – and making it seamless, customizable and most applicable to the organization.

And what customer demands and business trends will drive changes in software products, how they’re developed, and the industry that provides them?

Social media is driving significant change in software, which is only going to accelerate over the next decade. Let’s start with the buyer. We are now selling to a new breed of prospect that I call Customer 2.0. These are socially engaged and well-informed buyers. They have abundant visibility into the companies they consider doing business with (products/services, pricing, competitive strengths and weaknesses, customer satisfaction, etc.). They’ve done their homework. And not surprisingly, this new breed of buyer expects vendors to be more educated about their business, too. They want to be engaged in targeted and relevant conversations about how to solve specific business challenges and urgent needs, not just receive a generic pitch. Social media changes the dynamics with prospective employees, business partners and vendors, enabling significantly greater visibility into business and personal aspects that can shape relationships and drive business decisions.

By listening to social media, companies have the opportunity to learn what is being said about and by their various stakeholders and audiences. This provides unique insights that aren’t available through more traditional sources. Of course, it’s a huge task to monitor the social conversation, filter out the noise to hone in what’s relevant. That’s why I believe any “external-facing” business application that targets customers, partners, vendors or employees will have to incorporate social intelligence directly into its workflow.

Unfortunately, many of these solutions have remained mostly in the ranks of workflow automation. This makes them useful for automating structured processes and reports for management, but not for enabling effective relationship building and engagement with their intended audiences. I strongly believe that the next-generation of software applications will have to tap into social intelligence within application workflow to bring in a new level of engagement and authenticity into the relationships these applications are intended to manage – and in the process improve business productivity. Next generation apps will also need to associate these new social insights with what we already know about our customers, prospects, vendors and employees to create a 360-degree view of these relationships.

This need for greater intelligence is a key tenet upon which to build any successful business application for sales, marketing, customer service, finance or human resources. All these professionals need to “get smarter” in their interactions with their constituents. Put simply, integrated social intelligence becomes an essential enabler for successful businesses engagements as we enter the new era of social media.

Original post made on the SIIA blog written by Nate Phillips. The Software & Information Industry Association is the principal trade association for the software and digital content industries. SIIA provides global services in government relations, business development, corporate education and intellectual property protection to the leading companies that are setting the pace for the digital age.

There is a shift being made in businesses regarding their approach to gaining new business and managing their customers. Social CRM is on the rise and this is more than a few bells and whistles being added into your contact database. With a large focus being made in the movement away from sales data and into sales intelligence, sales professionals will need to make a few adjustments on how they do everything from prospect, develop new opportunities and manage their existing accounts.

Customer 2.0 is not waiting around for a sales person to get back to them with information, they are online looking for answers from people outside of your company within their own social networks and generally searching for people they should be in contact with. The trick (if you want to call it that) is to make yourself as visible as possible so that this new breed of customer has no option but to come across your name or profile during these searches. This is why Sales 2.0 starts with YOU.

5 Steps a person should take to make themselves more sales 2.0 ready

1. Create or optimize you LinkedIn profile. I came across another company this week that only had 20% of their sales team on LinkedIn. At first the sales manager was resistant to the idea of their team using LinkedIn but after some discussion, I think they changed their mind. I guess we’ll see in a couple weeks when we check back in with them.

Sales people should look at their online presence as an extension of themselves. Sites like LinkedIn can become self service lead generators once you optimize your LinkedIn profile and start building a network.

2. Get over your fear and join Twitter now! Maybe it’s because I didn’t have many friends as a teenage kid but I have always found Twitter to be a useful tool to meet people interested in the same things as me and have small conversations. Once I realized that Twitter could be used in a sales environment, I started building a mini network of people that were already customers and looking for products that I sold. You might be amazed at the number of executives on Twitter or just other employees that you can build relationships with online. Remember people buy from people, the more you are seen as a person and not another sales person the better.

Use the search feature or get an application like HootSuite or TweetDeck to help you focus on specific geographies and keywords your company is associated with.

3. This should be #1 but for the sake of editing it’s not. Go over to GoDaddy or another domain name company and buy yourname.com. Google yourself and look at what the results are. Owning your own domain name and building a simple site or even pointing the domain to your LinkedIn profile will help you stand out from the crowd. Your prospects are looking at your online identity just as you are them. Make sure you are searchable and showing your customers/prospects that you are a professional.

4. Stop cold calling and start engaging in conversations. Now that you have a shiny LinkedIn profile start spending a little bit of time in groups and asking/answering questions. You will be amazed at the number of people that are willing to give free advice to you about how to make yourself better or how thankful some people are that you were able to help them out. These are all little building blocks to make you a sales 2.0 expert and bring more prospects to you.

5. Add your social profiles to everything you send to prospects. Add your LinkedIn, Twitter and company blog URLs to your email signature. This is a great way to get some exposure to your Sales 2.0 identity and will let people learn more about YOU and not the sales person contacting them.

These are some simple steps a sales person can take that will build their credibility online and make it near impossible for customer 2.0 not to notice. Would you like me to look at your LinkedIn profile and offer any suggestions? Leave me a comment with the link and I’ll check it out.

Overall the numbers look great, there is still about 18 days to respond but with 1535 votes, this is an impressive number of people. CRM applications are what drives a company, customer engagement and pipeline in a way that helps executives and sales people keep track of what really matters and not focus on deals that are stalled and have a low chance of closing. Salesforce, Microsoft CRM and Oracle were the targeted choices with the option for people to choose “other” as well. Since there are probably a hundred other CRM applications that a company could use, these are the big 3 because of their enterprise adoption.

No CRM?

What surprised me in this this poll was that the creator added in a “None” option to the list. Makes sense but the number of people responding to the LinkedIn poll with this as an answer was concerning.

Of all of the responses, the largest number of “Managers” indicated that they do not use any CRM. None…zero. Though the poll is impressive for other reasons, I’d be interested in doing a follow up poll with this subgroup just to understand how they are managing their business.

There is an interesting and very relevant diagram in the book UnMarketing that talks about the Hierarchy of Buying. Read the book, do some other research and it should be confirmed that cold calling is the bottom of the barrel when it comes to finding new customers. The book is positioned towards social media marketing but the lessons still apply to sales leaders trying to stay on the cutting edge. In the age of Customer 2.0 you should have people coming to you in some form or another. Maybe its all word of mouth, lead generation or other avenues. If people are not talking about your company you have bigger fish to fry. Outbound calling to a person that has never heard of you or your product is just about as likely to buy your widget as they are the Brooklyn Bridge. You have to build trust.

Current customers are key

Getting business from current customers is usually the easiest since they already use your product. Unless you have done a poor job with the account or have not been able to keep up with their needs, you are generally in a good place with them. Current customers are a great place for referrals and can and should be leveraged to bring in new business.  At the top of the pyramid is where B2B sales teams should be focusing their efforts but it seems like they are aiming much lower on the scale.

This is why companies spend so much time making sure they have great reviews and working with customers to write these reviews.

Why are you still cold calling?

90% of consumers trust peers based on a Nielsen poll, and less than 10% trust an unknown source. Cold calling is perceived a lot like phone spam. If customers want information they will search you out or at least leave digital breadcrumbs of questions or conversations that you can find and then engage.  As I said in the Sales Predictions for 2011, sales teams that are not already focusing on social media will, social selling training and tools will be a focus.

Selling is based on trust and you can spend the time (a lot of it) building it with people that have never heard from you or you can move further up to leads and prospects that you have some trust with.  This is why sales people have been hearing so much about the value in nurturing campaigns and social media marketing, but little of it seems to apply to anything a sales person can influence. That’s why Sales 2.0 is growing in popularity, sales people can have more relevant intelligence on prospects and become great resources to their customers by using social media and sales leaders see this as a priority.

Some of the best businesses in the world were built from cold calling and that was because they found a way to exploit a technology (phones) using a team of people to saturate a market of people that loved to talk to other people. That hasn’t changed a whole lot in the past few years other than the fact that the phone is no longer the best technology to use because decision makers have less time. Sales 2.0 savvy teams will be the next wave of revenue generators for companies, starting in the technology space and moving like a wave through different industries. Social selling will hit  resistance and may not apply at all to some companies (I can’t imagine which ones but I’m sure they exist).

Have you started using social media tools in your sales teams?

There are many predictions being made about whats going to happen in 2011. Social Media Today has posted the B2B Marketing Predictions of 2011, Social Media B2B has even given their predictions on B2B Social Media in 2011. There is even a prediction on the End of B2B Sales & Marketing as We Know It. With all of these predictions focused on the marketing side of B2B we wanted to go over some predictions about the changes to be found in 2011 in a B2B sales environment.

Recently Greg Brush, InsideView’s Vice President of  Sales spoke on a webinar with the TAS Group. You should listen to the entire webinar for some great insights of how sales cycles have changed over the past couple of years and how to adjust for them.

One of the trends we see growing quickly is the desire for using social media during the sales process. 68% of the companies that attended this webinar said that their social media approach for sales needed a lot of work. There is a fundamental shift taking place in the sales world in the context of customer 2.0.

This is very compelling since we already know that customers are not going to their vendors for information as much as in years past. Social networks like LinkedIn, Twitter and others have given the power to the customer to have conversations with peers and other customers about what products work and which ones fall short.

Social media will be a tool used by more sales teams in 2011

It’s more important than ever to have a sales team using technology to identify new opportunities and get involved in conversations that can turn questions into customers. LinkedIn is a tool most sales people are already using in some capacity but their profiles are rusty and they are not engaging people who are asking for advice. Sales teams that make an effort to use LinkedIn as a tool to find and help new prospects will see a much greater return than 100 phone calls becuase all of these conversations are visible to hundreds of thousands of people that may need the same advice.

Social media training will grow in 2011

After years of social media training being thrown around marketing departments with new experts being created daily it seems, very little has been done to bring this to sales teams. There are some great thought leaders out there that have been talking about Social Selling for a while and its about to be their time to shine. Sales managers are looking at their training budgets and prioritizing for more education on using social media. We will see more sales people engaging on LinkedIn, creating Twitter profiles and producing web videos in some cases. This is evident internally as well as with conversations with our customers that have approached us.

Sales Intelligence will be a focus of more sales teams

Data is becoming a commodity. Between Jigsaw, email lists and other providers, contact data is something that most companies now have relatively easy access to. A few years ago this was more than enough to throw a few sales people at and start having conversations. Times have changed and sales people are not having the same success with cold calling and email campaigns. Sales intelligence is the difference between being just another sales person or being the person contacting a prospect to solve a problem they are already having. Sales people will know who is having what problems based on the intelligence gathered from the thousands of news sources, blogs and social networks connected with that company or employee. Hear Umberto Milletti talk about this at a VIP event.

We see most of this already happening especially in the technology sector. There will obviously be laggards in certain industries that don’t implement a social selling strategy and unless their markets don’t use computers, they will be feeling the financial belt tighten as sales screech to a halt in the not to distant future.

Are you already using social media for sales? Tell us about it or ask some questions in the comments below.

We’ve had the opportunity to introduce our vision of Social Selling to customers, sales professionals and our visitors at Dreamforce. InsideView has been defining the use of social media for sales people for years and now we want to raise the bar. InsideView has created a Social Selling University to educate sales people on the benefits of social media and the best practices to using social networking sites like LinkedIn, Twitter and blogs. Customer 2.0 is not just a buzzword, people are no longer going directly to the companies asking questions. Customers are looking in their social networks like LinkedIn and Twitter asking questions and getting advice from other customers and friends on what to buy. If sales people are not engaged with these conversations they are missing out on an excellent opportunity to connect with people in the earliest stages of the buying cycle.

As InsideView continues to develop real strategies around social media for sales people, we will enable entire sales teams to listen, connect and engage with people that will develop new opportunities and create better relationships with current customers.

There were many requests to have this presentation available for people to watch and save as a reference. We have added the introduction to Social Selling on our YouTube page for people to watch. There is more content being edited for this YouTube channel so make sure you click the subscribe button on the page.

Social Selling University