Niklas Myhr, Ph.D.

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Social B2B Relationships

January 25, 2013 by Niklas Myhr

The fact that many business-to-business (B2B) relationships are characterized by long-term norms of trust and commitment should not be news to either academics or practitioners. The value of establishing loyal partnerships between buyers and sellers to ensure consistent delivery of customer satisfaction has become increasingly evident. Such partnerships typically involve multiple people in each company having multiple relationships with people in the other company. Over time, such social processes make a specific buyer-seller relationship difficult to break as the the organizational boundaries begin to blur. Over time, many staff in boundary-spanning jobs experience a role conflict in that they almost forget which company they work for or at least which company’s goals they hold, or should hold, closest to their hearts, at the same time as this is for the good of the whole partnership.

Even if most would agree with the above statement, now with the emergence of a plethora of often free social media and networking technologies that are getting easier and easier to use by the day at the same time as they become more and more powerful, some still question the potential value of social media in a B2B context. This is puzzling. Yes, there may be too many platforms to choose from. Yes, there could be situations where social media may not be applicable. But still. What could be wrong with having more tools as your disposal to further strengthen and develop existing relationships between buyers and sellers?

In a B2B context, you often hear naysayers say things like: “I don’t need social media to manage my customer relationships, I only have a handful of customers to manage and if I have a problem, I just pick up the phone.” Still, wouldn’t it be helpful to also know what is going on in the lives of your customers when you don’t have a problem? Perhaps they have a problem, a problem they may even voice on social media, and you are nowhere near to pick up the signal. That sounds like a problem to me. Or, what do you think?

Filed Under: B2B, Relationship Marketing, Sales, Supply Chain Management Tagged With: #blogg100

Seller Beware and Persuasion by Ambiverts

January 23, 2013 by Niklas Myhr

Last week, Daniel H. Pink gave a talk to Linked Orange County at the Irvine Barclay Theatre where he shared some insights from his new book “To Sell is Human.” In the following, I comment upon some of these ideas or findings:

1 in 9 Work in Sales

Daniel Pink at LinkedOC
Daniel Pink at LinkedOC

Pink started out by stating that the number of salespeople haven’t changed with the emergence of technology. 1 in 9 professionally active Americans work in sales and that ratio has stayed the same over several decades. Perhaps that is true but I also think that a key question is how the nature of the sales profession has changed and how technology is playing an increasingly crucial role to facilitate the sales cycle for salespeople. That being said, it is indeed noteworthy that his studies confirm that so many people still today have their primary professional focus on sales.

Aren’t We All in Sales?

Then Dan Pink addressed the other part of the pie, the 8 of 9 professionals who are not having variations of the word sales on their business cards. He argued that those people, too, are in sales as his research shows that professionals today spend about 40% of their time convincing and persuading others, whether they be bosses, partners, suppliers, etc, to get them to do or to support various activities, goals, etc. That we are all engaged in sales to various degrees may be worth emphasizing lest we forget. This should serve more as a reminder than as a news alert to many, I presume, at least to my students (I hope!).

Seller Beware!

In line with what many others have pointed out in the recent years, Pink noted the increasing power of buyers armed with more realtime access to ever-more information to aid their shopping comparison processes. Dan Pink raised the bar further in this information arms race, though, when he argued that buyers now not only have achieved information parity with sellers but that they actually in many cases now know more about the market than the seller, even if the latter lives and breathes the market every day! Thus, the call for a “Seller Beware” alert as some naïve and unsuspecting sellers may otherwise be taken advantage of. Talk about a role reversal! I do believe that this is an interesting point as some sellers may have become so complacent thinking they know their industry inside and out so that they are no longer closely attuned to trends and competitive moves, at least not as much as some very motivated buyers may be.

Daniel Pink and Niklas Myhr
Daniel Pink and Niklas Myhr

If this were the concern of just a few buyers it may not be so harmful to a seller. However, we could expect many of these well-informed buyers using new technologies to disseminate such information in increasingly effective ways to guide also other, more mainstream, buyers to the best deals in town. Clearly, some such über-informed buyers may turn, or are turning, their market expertise into bona fide businesses themselves and could perhaps no longer be accurately classified as mere buyers.

Persuasive Selling by Ambiverts

Daniel Pink at LinkedOC
Daniel Pink at LinkedOC

Another issue raised by Dan Pink that stood out to me was the research into the relationship between the degree to which a salesperson is extrovert and salesperson performance. Citing some fascinating recent research by Adam M. Grant* at the Wharton School, it was found that the best performers were neither extroverts nor introverts, but rather those salespeople displaying a little bit of both (or neither?). Hence, such salespeople could be labeled as being ambidextrous in this regard, or “ambivert” as Grant calls it in his research. If this finding holds up in more studies, it finally may signal the end of hiring and promoting salespeople based on their extrovert nature in favor of those who keep a somewhat lower profile. Even if there are many other books on sales (e.g., Consultative Selling) which call for a significant listening dimension among salespeople, Pink does a good job in illustrating how an “ambivert” salesperson can operate successfully. At least for large parts of their interaction with clients, salespeople need to allow for sincere listening and learning about the true customer needs at the same time as good salespeople also ought to know when to make their moves, an important aspect where the complete introverts may miss the boat.

* Grant, A. M. 2013. Rethinking the extraverted sales ideal: The ambivert advantage. Forthcoming in Psychological Science.

Filed Under: Sales, Social Business Tagged With: #blogg100, #LinkedOC, Daniel Pink

Neal Schaffer Unplugged on Social Media in B2B

April 17, 2012 by Niklas Myhr

Monday night in my Social Media Marketing MBA class at Chapman University, we were joined by Neal Schaffer, a Forbes Top 30 Social Media Influencer and Award-winning author for his books on using LinkedIn in a B2B (Business-to-Business) context for sales and social media marketing. Neal generously shared his views extemporaneously in a rapid fire fashion honoring his parents’ New York origins. In so doing, he painted a very hopeful picture for B2B companies that embrace social media and offered a roadmap for doing so.

Niklas Myhr and Neal Schaffer
Niklas Myhr and Neal Schaffer

[Read more…]

Filed Under: B2B, Chapman University, Sales, Social Media Tagged With: "Niklas Myhr", b2b, Neal Schaffer, social media

Rebirth of the Social Salesperson

January 9, 2012 by Niklas Myhr

Marchard d'abat-jour, rue Lepic
French Salesman 1900

100 years ago, the personality and the perceived character of salespeople were key determinants of success as these traits would command both liking and respect.1 However, in Arthur Miller’s 1949 play Death of a Salesman, Willy Loman complained that the sales profession was becoming “all cut and dried” and that you no longer could sell with “personality” or the personal relationships you have with your customers.

[Read more…]

Filed Under: B2B, CRM, Relationship Marketing, Sales, Social Media

Speaking (click image)

Niklas Myhr, PhD, CSP (Certified Speaking Professional)

Certified Virtual Presenter

TEDx Talk: TEDxUmea

https://www.youtube.com/watch?v=9wyfF8a3FYg

LinkedIn

Niklas Myhr

TEDx Talk: TEDxMissionViejo

https://www.youtube.com/watch?v=Jkfzj5lhuRU

Niklas Myhr, Ph.D.

Please email me at niklas [at] thesocialmediaprofessor.com if you have any questions!

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