Four Steps to developing a Sales Strategy on Social MediaPosted on 28 Nov
One of the things we truly love about sales and social media in general is your ability to integrate the two to find meaningful measurable results. There’s no fluff, there’s no magic tricks, it’s business as usual with a slight twist.
Many organizations are still trying to get a grasp on how they can take that first step into using social media to generate sales. Well, look no further, here are four easy steps that any sales team can take to developing an excellent sales strategy for social media:
Establish Sales Goals & Objectives
Before you dive into developing a sales strategy for social media you need to understand what you’re trying to accomplish. Immediately you’re going to think that you’re trying to simply achieve an increase in sales. Incorrect. You need to understand the difference between leads, opportunities, visitors and actual customers.
Once you understand the business mechanics of a social media program such as the different types of conversions highlighted above you can start focusing on sales. To do this, start with the bottom line and make your way back to get to your goals. As you do this, integrate your understanding of the objectives and funnels to develop the KPI’s that will demonstrate if you’re on the right track.
Develop Soft Conversion Channels
Developing soft conversion channels is built around the idea of capturing a users attention before they make a buying decision. It’s a great tactic as many prospects may not be ready to make a purchase; however, with soft conversions you have an opportunity to convert relevant leads over time.
Soft leads are people who are willing to provide personal information like an email address or Facebook account in exchange for highly relevant and valued content. This content they see as valuable and relevant could range from an eBook to a Webinar that’s offered for the first 60 people who subscribe. These users are valuable leads who have demonstrated some form of interest in your content; but haven’t necessarily said they want to spend cash on your product.
Upon developing a compelling and relevant email marketing campaign, you will start to push these users through the sales funnel more effectively. As a result you will have a better opportunity to convert what was once a soft lead into a buyer and potential brand advocate.
Identify where leads are talking
Think about who it is you’re trying to target with your advertising. If you’re startup that sells velvet track-suits, you’re going to need to develop the persona for someone who would want this product. Start to think about the channels they use, start to think about how they interact with these channels and what type of content they would find valuable. From there, also understand your potential leads from a real world perspective – What are their general interests? Where do they live? What’s their name?
If you’re able to define your potential buyers it will allow you to be more strategic with your thinking and marketing approach. Defining their persona will help you in identifying your target customer and understand how they will actually search for your business online. This process seems quite simple and a bit silly but it’s one that can play a huge role in increasing your conversions.
Measure, Analyze and Report Stuff
Finally, you have to do something that a lot of people don’t want to talk about. It’s sort of like one of the rules from Fight Club except online marketing club. MARS. Measure – Analyze – Report Stuff.
It’s very important that you understand how you’re doing along the process to ensure you’re able to maximize your dollars spent. The quickest and most cost-effective way to monitor social media is by utilizing tools like Google analytics or Hootsuite Pro. The combination of these two tools will make your life a whole lot easier by demonstrating the number of click-throughs on various links.
Once you have received all the data and measured your results it’s time to analyze. During this phase you want to study cost per impressions, engagements, etc.. You also want to run a mini-SWOT analysis to show your team what strengths, weaknesses, opportunities and threats are present. If you can do this, you will find success. It’s much more difficult to go somewhere without knowing where you’ve already been.
Have you been using Social Media for developing and generating leads? What have been some learnings from your approach? We’d love to hear your ideas and any learnings you’ve found in your career.