LinkedIn’s SSI

Contractor question:

Q: I keep reading about LinkedIn’s SSI, is this something I should be taking notice of or is it just for sales people?

A: The first thing to tackle here is that contractors are sales people. Or at least, anyone who is running a business should have some sales activity in play, otherwise, how will they get any business?!

One of the mistakes independent professionals make is focusing solely on “doing what they do” rather than spending at least some time “selling what they do”. The cold reality is that any independent professional ought to spend at least 20% of their time wearing a sales and marketing hat.

Social Selling

And that brings me to LinkedIn’s SSI, which is short for social selling index. LinkedIn describes the SSI score as a way of measuring your social selling effectiveness across four key pillars:

1. Building your personal brand

2. Finding the right people

3. Engaging with insights

4. Building relationships

On their website, LinkedIn quote Paul Sowada, Market Development Manager at Binocular. He describes social selling as follows:

“Social selling is taking out the pitching component of sales. You’re creating conversations about your product and services which organically can produce sales conversations.”

Let’s look at the four pillars of social selling individually:

Personal brand

Most companies put some effort into cultivating their brand - they think about how they want their market and customers to perceive them and formulate a strategy to achieve this. Their corporate identity is not an accident, it is deliberate. Independent professionals ought to be doing the same. Your chances of winning work hinge upon not just your ability to deliver your services, but how key people in your market perceive you, not least, your potential and existing clients.

Finding the right people

Any business development strategy starts with deciding who you are going to target. I’m guessing most contractors know who their potential clients are so let’s jump to how LinkedIn allows you to reach out to them. Firstly, LinkedIn’s business premium and sales navigator licences allow you to run powerful searches based on any criteria you can think. Once you’ve searched for and found (in a list of search results), your target audience, you can simply connect with them and subsequently communicate with them about you and your services. Obviously there’s more to it than that, but this describes the concept of sales activity on LinkedIn.

Engaging with insights

The concept of social selling is about building deeper connections with people you want to sell to, and LinkedIn allows you to gain intel about potential clients that you can leverage when reaching out to them. You can find intel by ‘following’ target organisations or people, and as a consequence, seeing their activity in your LinkedIn feed. When you message people to build a relationship and sell to them, it’s more effective if you can reference some piece of info you have gleaned, so that your approach to them feels warmer than a cold call.

Building relationships

Hopefully this one doesn’t need much explanation. Obviously building relationships is crucial to succeeding in any business, and no less important for contractors. The more positive relationships you have, the more likely it is that you will thrive. This is why having a networking strategy is a crucial piece of the jigsaw for all types of independent professionals and businesses.

So to summarise, your LinkedIn SSI measures how good you are at all the afore mentioned activities. The higher your SSI, the more likely you are to succeed.

Some stats

LinkedIn claims the following:

• Social selling leaders create 45% more opportunities than peers with lower SSI.

• Social selling leaders are 51% more likely to reach targets.

• 78% of social sellers outsell peers who don’t use social media.

So, it’s fair to say that there’s a strong case to develop a social selling strategy and that your SSI gives you a yardstick for how well you are performing.