Social Selling: How to Increase Sales on Social Media

Before social selling became a buzzword, before the age of the internet even, the art of selling goods was always a social process. From water-cooler discussions and garden fence recommendations to the faux-friendliness of a second-hand car salesman, relationships matter.

The proliferation of social media has amplified this phenomenon. The ease with which people can research products and services means there is a huge opportunity for brands to drive sales by tailoring pitches and timing outreach based on consumers’ social media activity.

Pricewaterhouse Coopers (PwC) conducted a poll of nearly 23,000 online shoppers around the world. 45% said that reading reviews, comments and feedback on social media influenced their digital shopping behavior. 78% said they are influenced by social media in some way. On average, consumers will visit three different vendors before committing to a purchase.

 

“It’s nothing short of a revolution, and the stakes have never been higher for retailers and consumer goods companies. Our survey results point to 2016 as a watershed for many of the trends that have been percolating over the past few years.”

– PwC, 2016 Total Retail Global Survey

 

So retailers are embracing this trend, surely? Well, in 2014 QuickSprout reported that only 6% of businesses use social media to generate sales. How do the remaining 94% of brands adapt to take advantage of social selling and ensure they are not left behind?

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Craft content and identify influencers

While it is undoubtedly difficult to measure the ROI of generating leads on social, these statistics show that social media is a critical piece of the marketing mix and one that a savvy marketing team cannot ignore.

According to Forrester, buyers might be anywhere up to 90% of the way through their buying journey before they contact a vendor, making it difficult for sales teams to influence the buyers’ decisions.

Content marketing is ultimately the foundation of social selling efforts. A strong content strategy, aligned with your sales funnel, enables marketers to address every stage of the sales cycle with carefully curated, tailored content. In this way, you can influence buyers before they make contact with your brand.

The shift towards social has seen a corresponding shift toward influencer marketing. This is in large part due to the nature of the beast – people are more receptive to individuals than companies on social networks. It has also been magnified by the reduction in organic reach brought about by algorithm changes on these sites.

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Use social customer service to amplify your message

Another potential weapon in the social selling armoury is social media customer service. The benefits to the brand are numerous: it’s cheaper than phone-based customer care, increases customer satisfaction, makes customers more willing to pay more, and raises the likelihood of them recommending the company.

The real advantage is that good customer care isn’t just about placating angry customers, but providing a touch point for customers with such value that they recommend the brand. In addition to traditional social media influencers, it is possible for customers to be turned into brand advocates.

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Monitoring social to proactively seek leads

There are several areas where you can use social analytics, which can be split into three key sections: undertaking research, joining the conversation, and answering questions. 

Undertaking research

A good salesperson understands the value of insight and empathy in addition to a persuasive manner and strong product. By researching your potential customer base you are much better armed to start selling to them.

Monitor target prospect personas to confirm accuracy

As part of a solid marketing strategy, buyer personas help businesses understand target audiences more deeply to identify what makes them tick. Once you have created your personas you can check they are accurate using a social intelligence tool.

Discover topics for content

It is also possible to monitor these persona groups to see what kind of content they are sharing, helping you understand what matters to them. More generally you can discover content by searching for relevant keywords, and use that to inspire your own content creation.

Monitor industry trends

Monitoring industry trends can provide inspiration, but also ensure you aren’t left behind. It’s like running market research continually, without the time and costs usually associated with traditional methods.

Discover competitive insights

Closely monitoring your competitors opens up a space to learn from their mistakes, emulate successes and potentially poach customers.

Discovering how your potential customers are being interacted with can allow your sales and marketing teams to make strategic decisions on how to engage and enter the conversation.

Monitoring competitors also offers a simple way to more deeply understand the market your business is operating in.

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Joining the conversation

Find discussions of your product category

Doing this will allow you to get a feel for the topics of conversation and types of language and phrasing people use when discussing your product or service.

Monitor for key phrases customers are using when seeking help

Satisfied customers are an incredible asset — and on such a visible platform as social media, some swift assistance when it’s needed will amplify the message that your organization is a great one to do business with.