When we last spoke to Justin Shriber (below), Vice President of Marketing for LinkedIn Sales and Marketing Solutions in episode #87 last January, he offered some predictions about the upcoming year in B2B marketing. His forecasts turned out to be is pretty solid, including closer alignment of marketing and sales functions and the growing importance of storytelling in promoting your brand. So we took advantage of a pitch for LinkedIn’s new State of Sales report to connect again. This third annual report examined how top sales performers – B2B in particular – are using technology and modern strategies to build trust with buyers and close more deals. The addition of buyer views this year makes the survey even more interesting reading.
The report found a resurgence of buyer interest in doing business with trusted vendors: 40% of sales professionals rank trust as the number one factor in closing deals — surprisingly rated above ROI and price.
There are also some interesting age breakdowns. Millennials are outperforming their peers in sales effectiveness pretty much across the board, the survey found. Young sales reps are tapping into marketing insights and using tech at higher rates than their elders to help them succeed. Of course, their quotas might be lower, as well!
Buyers who are decision-makers are least likely to engage with sales professionals who lack knowledge about their company (79 percent) and whose products or services are irrelevant to their company (76 percent). Understanding the buyer’s business is now table stakes for salespeople, Shriber told us. Of course, LinkedIn has some features that can help with that.
In this interview, we dig into a number of highlights of the survey as well as discuss trends LinkedIn is seeing in the use of its platform by sales pros.