10 Tips For A Successful Lead Generation Strategy
by Tim Witcherley
on Jan 17, 2019
Lead generation is a key objective for marketers. But it is also a difficult and time-consuming task. Surprisingly, only 10% of marketers feel that their lead generation campaigns are effective.
Here are our Top 10 Tips on how to make the most of online channels to boost your lead generation, and build a strong business pipeline:
1. Use the correct data so you can target the right people at the right time - having the correct data is the key to your customer’s heart
2. Have the tools in place to track your leads
Ensure that you are able to track return on investment and allocate budgets by using measurable and trackable channels to entice your leads, whether you’re using your website, social media or email or direct marketing. For example, Google Analytics will help you analyse website traffic and report on audience behaviour. Salesforce customer relationship management (CRM) software will help you manage customer relations and prospect interactions. And HubSpot, an inbound marketing and sales platform, offers all of these tools in one. It focusses on tracking a prospect’s activity online, delivering marketing content tailored to their interests, and in a nutshell, helps companies attract visitors, converts leads and close customers.
3. Focus on quality over quantity
This sounds obvious but is often forgotten. It is always best to focus on quality rather than quantity, so that your sales force doesn’t waste time on unqualified leads. Do your research to ensure that you target businesses that have a high chance of buying your product or service.
4. Have a grading structure for prospects
You can stream your activity into short-term, mid-term and long-term to create a rolling pipeline. You can also have a set of criteria to define who qualifies as a prospect and what must happen to move that prospect from one level to the next.
Don’t forget to nurture your leads, educating your potential customers with relevant content to move them further down the sales funnel.
5. Monitor your competition
Have your competitors launched a new product, service or website? You need to know. Track what your key competitors are doing, and use the information to beat them.
6. Don’t be afraid to start new relationships with big purchasers or discount prospects
Aim high. Keep a look out for prospects that have experienced a change in circumstances, such as a restructure or a merger, and target them.
Make sure you have a list of organisations that you would like to work with.
And don’t be afraid to discount a prospect if you don’t think the relationship will go anywhere.
7. Structuring your commission scheme
If you have a commission scheme you must structure it to reflect the skills and effort required to secure new business as well as managing existing accounts.
8. Use social media to warm up leads
Social media is not only useful in terms of boosting brand awareness and interacting with customers, but also for bolstering your sales pipeline:
Share content – publishing content to direct traffic to your website is the most effective way to generate leads through social media. Post links, share blog posts and offer discounts to get people clicking onto your site
Build a loyal following – get to know your audience online, and share information to demonstrate your expertise. Get involved in LinkedIn groups relevant to your business. Once you have a relationship, a connection is more likely to trust you as a supplier
Engage in dialogue – don’t focus your posts solely on your company, but interact with others and always be helpful. When a prospect is ready to buy they’re then more likely to come to you.
9. Capture information on your website
To generate leads from your website you need traffic. There are a huge number of techniques you can use to get people to click on a website, but a few basics can make a big difference.
Use forms to capture your leads’ data – in particular, smart forms help your build your database. Chat bots are also a great way to capture emails. See this post by Mobilemonkey.com for more information.
Make your calls-to-action as effective as possible – place them above the fold and be clear about what you want people to do.
Create compelling landing pages so when people arrive at your site, you increase the odds of conversion.
10. Use automated, opt-in email marketing to nurture prospects
When used correctly, emails can be an effective, and cost-effective, way to generate new business. Focus on an opt-in strategy to ensure you are GDPR compliant and don’t forget to include a link to unsubscribe.
Send relevant, valuable offers – offers need to feel exclusive and provide useful information
Include a clear call-to-action – make sure the prospect knows what you want them to do
Link to a landing page – where the prospect has to provide their details
Follow the form with a thank you page – ensure that additional content is available, and don’t forget to include social media sharing buttons to encourage leads to share and generate more leads.