With 4% of companies in market for your products and services at any one time, how do you get to the other 96% before your competition?

With 4% of companies in market for your products and services at any one time, how do you get to the other 96% before your competition?

There are two types of companies in your total addressable market (TAM) those?"in market"?and looking for your products and services.?This is?estimated to be about 4% of the market at any one time.?And those that are not in market.

So what about the other 96%?

One of the problems with sales and marketing today is that sales and marketing is focused on that 4% "in market".?Which means all?your competition are there too, which means that often?decisions are based on price.?You can be on short lists of 3 or 5, up against the same old companies. And while I know you?have amazing differentials,?the average buyer cannot tell your product from the competition.

How do you break out of this and work with the 96%, which means you won't have as much competition, you will be able to control the sale from the start of the process and maintain your margins?

But what about cold outreach?

Here at?DLA Ignite ?we are working with our partner?Supero ?and their team,?Alex ,?Jensen ?and?Jordan .?They used to be cold callers and we have re-trained them in social selling, so what of the results?

Results for cold calling

When they were cold calling they could get?2 meetings a week.

Now with any cold outreach your job is not just to get through to an executive, but also convert that into a next action.?With cold calling, of the 2 meetings a week they were able to get, they?converted 0.3% to a next action.

Results for social selling?

They are getting meetings with?7.2?people of the 100 they contact and then?converting 39.5% to a next action.

This is exponential growth!?

This is also?punching outside the 4% of businesses that are currently "in market", which as I mention above means?you are setting your agenda and will be able to maintain margins.?

In other words, this business will be less competitive, so?you will win more?and you?will win it at a higher price.?

Please note, before I get the comments, there is?

  1. No spam and no automation!
  2. This is NOT connect and pitch!


The improvement from a classic cold calling response of 1% to 7.2% is impressive

But to go from 1% to almost 40% for a next action - That's EXPONENTIAL GROWTH


Just think about scaling that across your organisation?

If Alex's team are achieving an?average of 10 new conversations each week and a 39% conversion to a next step... if you have a?team of 50 sales people that's 500 conversations per week (26,000 per year) with 185 follow-up calls per week. Forever!

With a win rate of 1 in 3.

With an average deal size of $100,000.

That's an additional ...... you do the maths.?


Now is the time you need to use social selling for cold outreach!

If you want more information, contact?me , or contact the team at?Supero ,?Alex ,?Jensen ?and?Jordan .?

I guess, you’ll never win with a cold call if your competition is winning the relationship.


Want to know more about?social selling, ?check out my new book

"social selling techniques to influence buyers and changemakers - 2nd edition".

In this brand new edition, I have updated all the text, I have also got?15 practitioners, so?people who are doing this already?to explain how they are get (practical)?business benefit. From the?CEO ?that has been running a digital business for over 18 months?to?sales? leaders?who use social selling every day.?

Articles on how these business have and are implementing digital, from?Mercer ,?Telstra Purple ,?Ring Central ,?Cyberhawk ,?Namos ,?Ericsson ,?Crux Consulting ,?DLA Ignite ?and more.

What does?Mark Schaefer , Marketing guru think of the book "social selling - techniques to influence buyers and changemakers - 2nd edition"??watch the video?here

It's available on Amazon worldwide.?Link to Amazon.com?here ?and Amazon.co.uk?here .

No alt text provided for this image
Lenwood M. Ross

Monopoly, Charades, and Rummikub -- dominating family game nights for 30 years and counting

1 年

4% of the market is tiny, Timothy (Tim) Hughes 提姆·休斯. (See what I did there? ??) How do you know who is in and who is out? Social selling is a demand-generation strategy. Spamming every prospective ICP is a horrible approach in a networked economy because the prospective ICP is probably not in the market when you spam. The result is that you're blocked, cutting off a future opportunity. This isn't a mental "block." It's technologically assisted. So as a seller, you're developing 5 or 6 profiles to get around blocks? Come on. That strategy is a loser as platforms increase security measures to validate humans and increase trust.

Rob Durant

At my core, I am a teacher. I'm great at the middle of conversations. I'm not as athletic as I remember being.

1 年

The former math teacher in me always perks up when numbers get tossed around. So what I'm reading here Timothy is that by not focusing only on the "in market" I can 24X my audience?!? That's not 24% more; that's 2,400% more!

Jaro Noelle

Sharing our digital marketing errors to ease your life | Team Leader @ MTA Digital

1 年

Thanks for the statistics confirming why it's worth doing social selling! But from my perspective, what's important is that building relationships via social media can also help you with the clients that are within 4% in the market: ? Potential clients already know you, so you attract them also with your values ? It will increase your trustworthiness and eventually % of close deals ? You can easily differentiate yourself from competitors ? You can negotiate better financial conditions So it's a win-win. Socials can help you in both those segments. Would you agree, Timothy (Tim) Hughes 提姆·休斯?

要查看或添加评论,请登录

Timothy "Tim" Hughes 提姆·休斯 L.ISP的更多文章

社区洞察

其他会员也浏览了