Business to Business
marketing is effectively being done by companies using the social media
platforms and social networking sites.
Social Networking world is chaotic and often lot of unrelated and
unwanted content is flowing around and it is very difficult for the companies
to monitor the social networking sites constantly and also need to employ
resources who not only monitor but also respond on the various social
networking sites. Companies have to respond to the customers instantly as the
dissatisfied customers may launch a social media campaign and attack that will
severely affect the brand reputation and the sales of the company. Oracle Inc.
uses the social media and networking sites for increasing the sales of the
company. Oracle Sales strategy integrated the social media as one of the key
components and the company built a
wide presence on all of the major social media networks and most of the conversations
and engagements are related to company’s products and services. Oracle went a
step further and encouraged its sales representatives to use Twitter to engage
with prospects in meaningful, helpful dialogue during the sales process, which
is quite a new initiative for a B2B company. Traditional B2B marketing
strategies included monotonous cycle of emails, webinar invites, check-ins,
blog content, technology updates and hoping the customers will engage. Oracle
employees were trained on how to properly use social media
which transformed Oracle into a social media savvy company with about five
percent of the company’s 23,000 sales reps using Twitter. Oracle training program included large scale training
sessions, as well as small support-style workshops and Jill Rowley also
produced and starred in an internal 10-episode webinar series that focuses on
social selling.
Oracle Social Selling
evangelist Jill Rowley argues that Sales professionals need to understand that
buying process and buyers in today’s world are very different from earlier as
they are digitally-driven, mobile, socially-connected, empowered with unlimited
access to real-time information about business problems, products, companies,
competitors — about all sorts of things. Social networks are where the modern
sales professional can do research, networking, relationship-building, and can
use these channels to earn trust. And earn trust by sharing content that
is useful, that is education and training, insightful, and informative and of
value to the buyer, regardless if the buyer buys the salesperson’s product or
not. Along with Oracle content mostly related to company’s products and
services Oracle also encourages its employees to use a 4-1-1 Rule: sharing four pieces of relevant
third-party content for every one piece of Oracle-branded content, plus an
offering of lighthearted fare like a cat video or motivational quote. Lot
of information is available on social networking sites like LinkedIn, Slide
share, Facebook, Twitter, etc. which sales professionals can use for their
advantage. Oracle is looking at social media and networking sites as one of the
critical component of its sales strategy along with traditional sales and
marketing strategies and since social media is also having a significant effect
on the way businesses run their operations also means that company has also
look at the social selling a disruptive go to market strategy and look to
benefit from it and make a competitive advantage.