...and by gosh, this Web 2.0 & Social Media stuff is fabulous for selling knowledge!

Guest post by: Todd Youngblood
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“The future is here. It’s just not evenly distributed yet.” - By Todd Youngblood

Frankly, if I need to spend lot of time and effort to convince you that knowledge - genuine knowledge - is at the heart of sales success, regardless of the business you're in, you shouldn't bother reading what follows. On the other hand, if you're trying desperately to figure out how on earth Web 2.0 and Social Media can be used to help sell your stuff, join the club! Personally, with regard to things like blogs, podcasts, internet radio and YouTube?, I've said MANY times, "I just don't see how it applies to B2B sales." I've particularly struggled with finding value in LinkedIn?, no less the "kid stuff" like Facebook and Twitter. Wikis were the only thing that had any intuitive appeal, and that was mostly due to stunning success of Wikipedia. That said, I've established wikis for 9 different groups focused on collecting sales best practices. Everyone loves the idea, but getting anyone to actually contribute content is like pulling teeth. Lots of work, not so much reward.

So what changed my mind? Hey, I'm a capitalist. It was the money. A few people and organizations have already made a ton of money, and they're making still more using the social networking tools. And as you may have guessed by now, they're doing it by giving away their knowledge for free.

Go to TED and get blown away with the incredible - free - intellectual content. TED makes money by selling tickets to its conference. (Those associated with an industry conference, are you paying attention?) Up till 2005, they sold around 1,000 tickets for around $4,000 a pop. "Not bad," you say? Well in 2006 they made it invitation-only and started posting ALL of the talks online for free. In 2009 they sold 1,500 tickets for $6,000 each. For the math challenged, that's 50% more tickets at a 50% higher price. That's 125% higher revenue in 3 years. (What bad economy???!!!)

And then there's MIT's Open Courseware site. You can pay north of $36,000 for one semester's tuition. OR... you can get ALL of the course content online for NOTHING. Anybody out there think MIT is going under any time soon?

And then there's Richard Muller. His claim to fame is a course about hard-core Physics. Yeah... quarks, general relativity, what the universe was like 8 nanoseconds after the big-bang... All that stuff you just can't wait to learn about. (Talk about a tough sell!!!) Well the core lecture has been viewed on YouTube? by over 300,000 people. Oh, and the book, now four years old and in its fourth printing still shows up on the high end of Amazon's top seller list. How much commission could you rake in if you were the Richard Muller of your industry?

OK, these examples are from industries different than yours, so this concept doesn't apply to you, right? WRONG!!! It's all about the knowledge and intellectual content associated with your products and services - remember? It's a taste of that intellectual content that draws those customers in. It is now pretty much an incontrovertible fact that giving away some of your intellectual content - aggressively giving it away for free - is really, really good for business. And how hard is it to get started? Turns out, not very. We've had this monthly e-newsletter for going on 9 years and we'll continue it, but now it's also a podcast and a blog with an RSS feed. We've taken the first step to producing an internet radio show and for $180 and a 15 minute time investment, acquired the technology and know-how required to produce as many YouTube? videos as we want. Personally, I just got a twitter "handle" and a LinkedIn profile, but frankly haven't figured out exactly how to exploit them for sales purposes ...yet.

You can go ahead and ignore all this stuff, but me? I'm going to chase it down. This stuff is too powerful to ignore.

Think About It...

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Resourcing B2B social media

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The Responsibilities of a Social Media Consultant

Want to Excel in Social Media? BE SOCIAL!

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Social Media Gains Momentum for B2B Marketers

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“The future is here. It’s just not evenly distributed yet.” - By Todd Youngblood

About the Author: Todd Youngblood

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Todd Youngblood is passionate about sales productivity. His 30+ year career in Executive Management, Sales, Marketing and Consulting has focused on selling more, better, cheaper and faster. He began his career in 1976 as a Marketing Representative with the IBM Corporation and for fifteen years progressed through a wide variety of field and staff assignments. He then founded and operated an Information Technology Outsourcing firm providing Software Development and Maintenance Services. In 1994, he joined an electronic commerce firm serving the insurance and healthcare industries, as Vice President of Sales & Marketing. He established The YPS Group, Inc. in 1999 based on his years of experience in Sales Process Engineering ï¿½ that is, combining creativity and discipline in the design, implementation and use of work processes for highly effective sales teams. Todd has worked extensively with firms in the Distribution, Manufacturing, Insurance, Services, and Telecommunications industries. He is the author of two sales management books, The Dolphin And The Cow and Think About Itï¿½ He is married, has two daughters, enjoys cycling, is a second degree black belt in Choi Kwang Do and serves on the board of the Cobb Symphony Orchestra.
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...and by gosh, this Web 2.0 & Social Media stuff is fabulous for selling knowledge!

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