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Last edited: 12.05.2022
Lead generation is a tricky topic, because it’s a team effort between the Sales and the Marketing Team. (Or at least it should be). If your lead generation process isn’t worked on by both teams, frustrations arise on both sides.
The problem is that:
Their aims are essentially the same: to increase sales and overall revenue. Furthermore, when sales and marketing are in sync, the chances of closing deals are 67% higher.
The problem is that because the marketing isn’t actually doing anything with the leads themselves, it’s hard for them to determine if they are high quality leads or not.
By having an effective lead generation strategy that both teams are happy with, you’ll be able to:
Let’s start with defining what a lead is before we move on to defining lead generation.
Lead refers to an individual or a company that is potentially interested in what you offer. Every lead contains all the information you have on them.
Leads can contain:
Leads can be divided into three distinct categories based on interest, enrichment, and qualification.
This is one of the most common ways to define leads.
Why is this one of the most used ways to define leads?
Warm leads are, well, warm, as these people are in some way expecting you to contact them. Cold leads are always taken by surprise and interrupted with what you have to say, as they have never asked to be contacted by you.
Many B2B and B2C companies work with both kinds of leads, but there’s some online debate on whether cold calling (the process of systematically calling cold leads) is dead or not.
Even though calling warm leads might be easier, because you don’t need to start from scratch, cold calling is still seen as one of the most effective B2B marketing techniques. That’s because you have the chance to make a good first impression on a new prospect which might make them interested in you as a company.
When was the last time you received a cold call and were impressed by the caller? Even though you had never heard from them or their company and didn’t even book a meeting or buy anything from them. Let everyone know your most memorable coldcall story in the comments!
Depending on how much information you have about your leads, you can divide them into two groups:
Why should you focus on enriching your leads?
By focusing on enriching your lead data, you’ll be able to target your marketing better. It’s more meaningful to market a new feature you launched to someone who is already subscribed to your service than to explain that feature in detail to someone who has never used your service before.
One great example of a successful enriched lead generation campaign I came across was when Ruokaboksi expanded their business to new markets.
If you’re not familiar with Ruokaboksi, they are a company that delivers consumers a carton box to their doors which is filled with three to five recipes and the fresh ingredients one needs to cook those delicious meals.
How it went:
I’m pretty sure that they were able to optimize the launch of their services to new areas with the help of this campaign. (And to get customers!). They were able to gather warm enriched leads that also gave them an idea of where their potential customers are located and where they should launch their service first.
This is often the pain point between sales and marketing, because sales is (in addition to the warm-cold aspect) mostly interested in whether the leads are of high-quality or not. These definitions will help marketers to understand what sales teams consider to be a good lead.
Next, we’ll go over the following types of leads:
Marketing qualified leads have an interest in you, but aren’t ready to communicate with you. They might have signed up for a newsletter, but aren’t looking to buy anything – at least not yet.
As the name suggests, these leads are for marketing purposes, in other words, not to be given to sales to contact.
Examples of MQLs
MQLs need to be nurtured with love and care (=emails and social media marketing) so that they can become sales qualified leads. Not all MQLs become sales qualified, so MQLs are more about quantity, while SQLs are about quality.
Sales qualified leads have expressed actual interest in buying from you. Even though they aren’t quite yet a paying customer, they are pretty close to becoming one.
Examples of SQLs
Those are some direct ways to get someone to be a SQL right off the back. However, MQLs might become SQLs, but they need to be assessed. More about that a little later on in this article.
This only applies to your business, if you have a service and you offer a free trial or a freemium model of it. If that’s not the case, just skip this section.
Product qualified leads are people or organizations that
It’s up to your business to define what that meaningful value is, since only signing up and using your service isn’t meaningful value. Each and every business should be constantly redefining their definition of what qualifies as a PQL.
Let’s look at a few examples of PQLs from well-known companies:
The core idea of PQL is that once someone is a PQL, their likelihood to become either a paying customer or a returning user significantly increases.
The greatest thing about PQLs is that they have already understood the value of your service by themselves. They don’t need to be sold on the idea anymore, which makes them significantly more likely to become customers than MQLs.
The core idea is that users are demonstrating buying intent based on product behaviour. In other words, you need to evaluate and analyze which events correlate with upgrading from the free trial to a paid subscription.
Here are some key behaviors to look at:
These are just some aspects, but you need to figure out what are the key elements that will make your users experience value. By defining your PQL correctly, you can close a higher percentage of free users and understand what prevents all users from becoming successful in your product.
Service qualified lead can also be abbreviated as SQL, but in this article, SQL refers only to sales qualified lead.
Service qualified lead is a customer who has told the customer service team that they would like to be contacted by the sales team about new products or services.
Self-evidently, these leads are win-win situations to both your customers and your business. That is because:
To get service qualified leads, your customer service team needs to be actively listening to the customers’ issues and signals. Make sure that your customer service is being trained to notice these subtle signs (and possibly rewarded!) and then to reconnect the customer with sales.
It’s a never-ending positive cycle:
A small bonus per lead would be a great incentive to get your customer service team to pay more attention to this. After all, offering your customers excellent service and solving their problems will also increase the overall customer satisfaction which is proven to make them buy even more.
Not all marketing qualified leads ever become sales qualified leads. A common misconception is that marketing people can just simply turn anyone into a sales qualified lead with enough hard work.
If someone doesn’t have the money to buy your product, how is that on the marketing?
Yep, it’s not.
It’s more useful to start defining the leads you get to figure out which team should take care of them.
Here are two different methods you can use to score your leads successfully.
The BANT method weighs in four different key aspects to figure out whether a lead is really qualified for sales.
If even one of those factors is a “no” or “not at the moment”, then that lead isn’t a sales lead. However, don’t throw those ones away, as you’ve worked hard to get them in the first place. Keep providing them information about your products and services and how they are used.
Lead scoring system refers to a predetermined methodology that is used to rank the sales-readiness of each lead. This will prevent any confusion on whose responsibility it is to react to potential leads.It only works, if it’s set up correctly and used consistently
Different Lead Scoring actions may include:
So, each action prospective leads can take, they earn points. Here’s one example of how you could assign points for different actions:
Points for different actions
Once a lead has reached a certain score, it should automatically be transferred to the Sales Team to be contacted.
Lead qualification is what every company should start with, when it comes to the lead generation process. After all, your Sales and Marketing need to be on the same page about what high quality leads (or leads in general!) are before you can start working on being more effective.
The next part of this article will focus on lead generation and showcasing different lead generation strategies.
Lead Generation refers to the process of
As a result, you get a list of potential customers.
Traditionally, people think that lead generation is either cold-calling or sending out emails (and some advanced thinkers think it’s a combination of both, but that’s not actually the case. It’s true that both of those are ways of generating leads, but that’s just one part of the process.
When you start generating leads, you need to figure out which strategies work the best for you. Are you more interested in getting people to find you (inbound) or actively getting leads yourself (outbound)?
Let’s go over the different types of lead generation methods.
Aka. the heated topic of what is the most effective way to attract potential customers.
Inbound marketing means that you produce valuable content for your prospective customers to find. You draw them into your sales funnel by earning their attention with relevant content.
Examples of Inbound marketing include:
Outbound marketing refers to a situation where you interrupt the flow or activity of your potential customer by demanding their attention.
Examples of Outbound marketing:
Even though these can be seen as opposites to one another, you should use both inbound and outbound tactics to attract quality leads.
Lead generation strategy can be divided into four stages and each of them require a different tactic or tactics.
Now that we have the basics covered, let’s jump down the rabbit hole into the world of lead generation.
There are as many ways to do lead generation as there are cereals in the average full cereal bowl. Every business needs to go through trial and error to find the most suitable hybrid strategy for their needs.
If you have no clue where to start, here’s a list of effective strategies with real-life examples. Or if you have a tech company, check out these 14 best lead gen strategies.
Landing pages are specifically designed to capture information about your leads.
Here are some example of how landing pages can be optimized:
Website visitor identification means that you can identify website visitors, see which pages they visited (and for how long) and which actions they took by matching their IP address against a database of IP addresses used by companies. This is done by an external service provider.
As much as 98% of your site visitors won’t become a lead. If you struggle with getting new leads with other strategies, it might be a good idea to invest in such a service.
Benefits of getting insights of your visitors:
VisualVisitor gives you, for example, the following information: on possible contacts:
However, if you have no traffic whatsoever, it’s no good using your time on website visitor identification. As there’s literally no data to analyze. If that’s the case, try strategies that drive traffic to your site first.
One of the most recent lead generation trends is direct response marketing. It aims to create momentum and to get an immediate response from the people who see it. In other words, to get new leads and grow revenue.
Goals might include:
What usually works:
Gated content refers to content that requires filling in a form or even signing up to be able to see it. Instagram is a good example of gated content, as you have to sign in to see more than the overview of someone’s profile.
The sky (and your imagination) is your only limit when you think about what type of gated content you could create for your prospects.
Here are two examples:
What could be a better way to create value than teaching your prospects how to do something with the help of a video?
I follow the self-taught baker and digital content creator Matt Adlard on Instagram to get inspiration for my own baking AND to learn to become a better baker by watching his stories which include a ton of tips and tricks.
He also offers an online baking class, but I’m personally not there that far. At least not yet. But he has made me engaged enough to:
By creating relevant video content for your target audience you are creating immeasurable value for your prospects which increases their likelihood of buying from you.
HappyOrNot produces many types of gated content on relevant topics to all of us.
For example, if you want to read the insights HON has gathered on the pandemic’s effect on customer and employee experience.
You need to fill in the following information:
HON is definitely collecting enriched leads that they can use and segment later on. Plus, when they ask for people’s willingness to join their email list they are keeping their email list free from disqualified leads.
Search Engine Optimization (SEO) lead generation is the process of attracting organic traffic from search engines to your website and making them interested in your product or service.
SEO lead generation has the highest ROI of all the inbound lead generation strategies in 2021.
Why? Because people receive a satisfying result, when they search for almost anything in Google. The companies that rank high in the search engines are, therefore, very likely to generate leads.
How SEO Lead Generation works:
Doing SEO lead generation will not give you fast results. It takes time to rank (at all or higher) in search engines. This is an area you should keep doing and developing while also actively using other lead generation strategies.
We’re constantly bombarded with online ads in all types and forms. Paid lead generation ads are ads that you can use to collect data about people who clicked on the ad.
Platforms where one can use paid lead gen ads:
Basically, anywhere where you can buy ad space from. The prices range heavily depending on the platform you use and the ad campaign you are running. This tactic may become expensive, if you aren’t monitoring and controlling your ad spend.
However, this can be an effective way to get quality leads, because only people that are interested in you will leave their contact information.
Reliable examples of lead generation ads on Facebook can be hard to find (or for any other platform for that matter). Get inspired by reading our blog post about it.
Social media lead generation means that you implement strategic marketing tactics to capture not just potential leads, but quality leads.
With being active in social media, you can:
Lead generation campaign ideas to try on social media:
The more authentic you can be on social media, the better your chances of generating leads are.
If you have only started developing your inbound lead generation process, it might be a good idea to start using a prospecting tool to build up a cold lead list to contact.
There are plenty of intelligent tools out there that you can use to build your list.
By using prospecting tools, you can:
I’ve personally always liked Vainu, because they give you real-time company information which can be connected directly to CRM and marketing systems. It’s easy to build a cold email campaign and connect it directly to your sales pipeline.
But there are plenty of other options to choose from, such as LinkedIn Sales Navigator, Lead Forensics, and Lusha. You have to do a little research to find the best fit for your lead gen needs.
Cold outreach means that you contact someone who has no idea that you will contact them. They might know you, but it’s highly likely that they don’t.
You can contact cold prospects via:
The goal of contacting them is to get their attention and make them consider buying your product or service. This tactic requires plenty of human resources so it isn’t a scalable model unless you start using automations.
However, you shouldn’t automate cold calls with robots (I’ve received a few calls from robots and they are CREEPY), but rather let your sales team do this part. The benefit of making cold calls is that you get to make a good first impression on people who haven’t considered using your services before.
As cold emails are one of the most used cold outreach methods, let’s have a brief look at best practices on them.
We all tend to get a lot of cold emails offering us this or that so you might be a little hesitant about creating cold email campaigns. However, the average open rate for cold emails is 21,33%. That means that you are getting the attention of one person out of five that you contact.
If you have a sales team, you can align marketing campaigns with their efforts by sending a cold email first and calling them the next day.
Once you have sent your first emails:
Even though these practices were specifically designed for cold email campaigns, the same principles apply to other types of contact as well. The core idea is to research your target audience and offer them a solution that will solve their problems.
If you can, offer a free trial, freemium or freebie of your service. This will make your target audience realize the value of your service without you having to use your sales team’s resources.
Once your prospective customers have signed up for a free trial, they have already taken the first step into your sales pipeline. Once they experience meaningful value by using your services, they’re highly likely to upgrade to a paid plan or to get in touch with your sales.
Otter.ai is a startup that offers an AI solution which can be used for creating rich notes for meetings, interviews and lectures. It automatically transcribes everything that is being said (or you can upload a file).
They offer a free plan where you have 600 free minutes every month. This offers a great way to test out the product after which the user can determine if this is their cup of tea or not. In other words, they either see the value – or they don’t.
Free trial users are worth their weight in gold. Not only do they offer you information about what makes them succeed and what hinders that, but they are also likely to become quality leads. When you improve lead quality, you can focus more on upselling than on cold calling people that have possibly never even heard of your product or service.
This is one of the most used tactics in the modern world. I mean, when is the last time you visited an online shop and they DIDN’T offer a discount code “to get 10% off from your first purchase”?
It’s one of the most common ways to collect leads, because it serves two purposes:
I took out my phone and opened instagram to find ads that would offer me discount codes.Here’s the first result from PupSocks.
However, I personally use my old email address (which I used until I got married and changed my last name. But I know many people even create new fake email addresses just for this purpose!) to subscribe to such email lists. I haven’t yet come across a company that I’d willingly give my private email address to.
In order to do a successful lead generation campaign, you need to be aware of your ICP, goals for the campaign and use versatile lead generation tools. In fact, you shouldn’t think in “campaigns”, but rather about creating a lead generation process that you keep on improving.
However, if these aren’t what you were looking for, we have identified further 15 different lead generation strategies for real estate.
The next chapter focuses on how to choose the best method to get more leads.
When your goal is to generate leads, you might feel a little overwhelmed at times when it comes to choosing the best tactic for your purposes. In this section, we’ll go over which aspects you should take into account when building your own lead gen strategy..
First aspect to consider is whether you’re trying to generate leads from consumers (B2C) or businesses (B2B).
Even though B2B and B2C customers can be found in different channels and convinced to buy in different ways, their common denominator is that you need to know exactly what your customers want and offer it to them.
It might be about educating them about how to solve their problems or to build awareness that such products and services exist. It might also be about offering them the best deal on the market.
It’s not a walk in the part to attract leads, but once you get to know your customers, you can lure them in (and possibly their social networks too!) as inbound leads or start reaching out to them yourself.
The most important thing is to start doing lead generation marketing right now and to constantly improve your strategy after starting.
Here are some aspects you need to take into account when you’re building the most effective lead generation strategy for your business.
Sales cycles can be anything from minutes to years and they can be straightforward or complex.
There are two main influencing factors:
The more expensive the product or service is, the longer the sales cycle typically becomes.
Some products or services can be impulse purchases (a new pillow case from a popup store you happen to walk by or a new subscription to yet another streaming service), whereas switching from one ERP system to another isn’t normally done without extensive research.
By figuring out the key points of contact in your own sales process where to grab the attention of your customers, you’re well on your way to creating your lead generating strategy.
Aka how many employees you have doing sales. This is a key factor in determining how much resources you have for doing outbound cold calling.
Even though using human resources to get quality leads might be effective, it most definitely isn’t scalable in the big picture. Therefore, put emphasis on recognizing at which stage a lead becomes a quality lead. Before it becomes that, let marketing do the heavy lifting and focus the efforts of your sales team on leads that are further down your sales funnel.
If they are in the “need” phase, they might not be ready for being contacted by your sales team. Let the marketing team nurture them and help them move closer to the 1st sales meeting.
It’s important to establish how you stack up against your competitors to be able to do effective lead generation marketing.
Once you are aware of what makes you unique, leverage that in your marketing and sales. If your products are cruelty-free, and that is also a factor that makes you stand out from the crowd, promote that. Or if your software solves problems that no-one else is solving yet, that’s your main selling point.
Few things to keep in mind:
Price might not be the best factor to start competing with against your competitors. By offering constant discounts, you are constantly getting less profits from the sales you make and it might make regular customers wait for discounts before repurchasing.
I don’t know about you, but I’ve become rather wary about discounts especially on high-end products. I recently discovered a new high-end cosmetics brand. Their products are developed based on the results of a research project of two universities. I was excited about them. Then I visited their social media account and saw that their marketing is all about discount campaigns.
It made me think twice whether I should buy from them now (I would like to try the products) or wait for a new discount campaign to start (to get them cheaper). It also had a rather negative impact on the way I see the whole brand and their pricing. If they can constantly lower their prices, are they even worth the full price?
That being said, think carefully about which tactic works best in the market you operate in.
Already in 1966, Eugene Schwartz introduced the five levels of market sophistication in his book Breakthrough Advertising. The core idea is that you need to understand how well your customers are familiar with the solutions available to their specific needs.
If your leads are at just the beginning of the five levels, it won’t do much good to bombard them with “Your neighbor Susan just bought this knick-knack and likes it”-type of messages, if they aren’t yet even looking for that specific knick-knack.
You should ensure that you’re using lead magnets that work on all of these levels – separately, not simultaneously.
Paying close attention to search volumes and all related searches will help you identify what types of content you should be putting out there and to which channels.
No matter what you do, you should always start with identifying:
If you are unsure of the answer to any of these questions, then try to answer them first before venturing deeply into lead management and measuring key performance indicators in lead generation.
You can find over 20 actionable strategies in lead generation for B2B Business in a recent blog post we made.
In order for you to know how effective each of your campaigns as well as sales and marketing efforts have been, you need to measure at least the following seven key performance indicators (KPI).
The better you are doing across these KPIs, the more opportunities you have to do sales.
Even though the first few on the list are sometimes often referred to as “vanity metrics”, because they don’t tell you anything about how many people actually converted into a lead, they shouldn’t be disregarded or overlooked.
They form the foundation on which the more complex KPIs are built on. If you don’t know how many clicks and visitors you had in the first place, there’s no way to figure out what the conversion rate is.
These are one of the most basic KPIs to track.
They’ll tell you:
By tracking these metrics, you’ll be able to see what drives a lot of visitors, which CTAs and lead magnets work and how many people come back. It’s vital to know these statistics, so that you can start identifying what works and what needs to be improved.
You can measure engagement by tracking how many likes, shares and comments you get. It’s widely used to track the success of social media campaigns. Ultimately, it’ll help you figure out what resonates with your prospects.
That being said, having many likes on a post doesn’t have a direct impact on your sales and won’t tell you how many leads you got.
If a tree falls down in a forest and no-one hears it, will it make a sound? The same applies to your campaigns. If everyone scrolls past them without even glancing, it’s not resonating with the audience.
Conversion rate refers to the percentage of people that complete a desired action. (If you’re unfamiliar with conversion rates and how they are measured, you can read more about conversion rates in one of our previous posts.)
In this context, lead generation conversion rate refers to the percentage of people who converted into a lead. It can be calculated by dividing the number of conversions with the total number of visitors.
The higher your conversion rate is for a specific lead generation campaign, the better it is. Always aim to have a high conversion rate on each campaign.
What is a good conversion rate? It’s better than your previous conversion rate. You should always aim to outperform yourself.
Number of leads includes all the MQLs, SQLs, PQLs and service qualified leads you get through all channels. You need to track the total number of leads in order to notice trends.
Compare how many people visited your website, how long were they there, what did they do while on the site, and which actions or combinations of actions usually lead to them becoming a lead.
To be able to make informed decisions on lead generation, you need to track how much each lead is worth.
With this model, you can even predict your incoming sales based on the number of leads you get. However, you need to first track this for sometime to get an average estimation of how much each lead is worth.
If you happen to find out that the total lead value is less than what it cost to get them, you’re heading for failure.
Customer acquisition cost refers to the amount of money you have to spend to get new customers. You can calculate it by dividing your marketing spend with the total number of new customers.
The lower your CAC is, the better. It means that you aren’t spending too much on getting in new customers. If your CAC is high or has a rising trend, you’re eating away your profits.
Don’t confuse CAC with CPA (Cost Per Acquisition). CAC refers to getting new customers and CPA refers to the cost to acquire other aspects that don’t bring in revenue (leads, registrations, trials, activated users).
Customer lifetime value means the total amount of revenue generated from a single customer during their time of being a customer.
It can be calculated by multiplying the lifetime value (average sales x number of transaction x retention time) with the profit margin.
This is one of the most important metrics to track, because it helps you find your best customers and to predict how much money each customer brings you on average. It’ll make forecasting your growth and overall success easier and help you allocate your resources where they need to be.
Your CLV to CAC ratio needs to be more than 1.0 at all times or you’re headed for a disaster.
Tracking these KPIs can feel tedious and time consuming, (and it is, if you don’t have the right tools), but it’s crucial if you want to base your decisions on data rather than on a feeling. Once you have the right tools for measuring all your lead generation metrics effectively, you can start to draw conclusions and improve your lead generation efforts.
It’s difficult to measure with one single metric if you’re getting quality leads. If you focus on the latter part of the list above (starting from total lead value), you’ll be able to figure out if your efforts are really paying off or not.
Stop wasting time and money and start improving your lead generation and lead management process by tracking these metrics. Get inspired by these 5 trackable lead generation tactics!
You needs for lead generation forms on your website depend on
Okay, but let’s reverse a little. What are lead generation forms?
Lead gen forms are designed to capture emails or any other relevant information of potential customers directly from your website.
Some examples include:
Next up, we’ll have a closer look at these examples with actionable ways to incorporate them into your own lead generation tactic.
Lead generation templates are used to gather as much information as you aim to get from a single visitor.
Here’s a great example from giosg.
The first page focuses on getting the most important information and the second page is about enriching the business leads. The third page is dedicated to thanking them for submitting their information.
If you decide to create multi-page forms, it might be a good idea to add a percentage (60% done) or page numbers (2/3). Some people might be hesitant to fill in multiple pages, so you can motivate them by letting them know that they’re almost done.
Never ask for unnecessary information. Focus on what’s the most crucial information for you. The more fields you make people fill in, the more likely they are to abandon you without converting.
Does it really make a difference if you can address people with their full name when they’ve signed up to your generic email list? Not really. But not getting that email in the first place will decrease your chances of getting them to buy from you in the future.
Use careful consideration when you’re setting up your lead generation forms.
Chatbots are the little chat popups (normally on the lower right corner) of a page. Usually, they’ve been set up to work 24/7 and without having to have a person sit around waiting for messages.
However, in some cases (normally during business hours) there actually is a real human being answering your questions. I’ve handled my insurance and operator issues and many other problems with these chats. I personally love them.
Chatbots are used to:
There are plenty of operators out there to choose from if you’re on the market for chatbots. The most important thing is to connect it with a lead management software so you’re not missing out on any leads.
After all, if someone takes the time to open and write in a chat, they’re often really interested in what you have to offer.
Make your chatbot as interactive as possible. Try to include many types of paths to get the most out of the chatbots, such as:
Popup templates are one of the most used ways to gather leads from websites. With Trustmary, you can easily modify what type of information you’re asking for from visitors.
In addition, you can also add social proof to your popups to increase lead generation conversion rate. This will increase your credibility (others have bought from you) and help build trust in new prospects.
The more targeted you can make your popups, the better.
For example, you can target returning website visitors with a different offer (Nice to see you again! If you’re interested in hearing more about our services, submit your email here and we’ll get back to you within 24 hours!”!) than new visitors (“Hey, stranger. If you would like us to introduce our product palette to you, drop your email here and we’ll get back to you ASAP.)
We recommend doing constant A/B testing to figure out which popups work best for different audiences. This way, you’ll get more quality leads than ever before.
Lead magnets are free downloads that you offer to your visitors. All they have to do is submit their email address (and possibly sign up for your email list.
You can offer:
Lead magnets tend to create high-quality leads, because they’re focusing on a very specific topic and are made for a very specific audience.
Mekitec has a nice way of displaying their e-book on the safety of using x-ray to inspect food. Their only mandatory field is email and country and they have an opt-in email list subscription.
TANAuses a different tactic. Their brochures can be downloaded without submitting an email address, but you can inquire about a specific product.
As the people who are already very specifically looking at a certain model, they need to fill in more information to become a lead.
In conclusion, think closely about what works and at which stage. You might miss out on getting a quality lead if you make the process too heavy (don’t ask for unnecessary information!), but you might also miss out on getting sales qualified leads if your lead management isn’t on point.
Make the user experience of your site as effortless and seamless as possible to increase your chances of getting inbound leads. Test out different approaches to see what triggers visitors to convert into leads.
Pay close attention to the design in everything you do. Most of the time, it pays off to be as simple as possible and to remove any distractions from your sites and forms.
Lead generation is one of the most resource-consuming aspects of marketing and sales. Once you’ve created a lead generation process, you should look into automating parts or all of it for maximum results.
Trust me, your lead generation efforts will result in more high quality leads, if you don’t need to do all of it manually.
Generating leads isn’t the only benefit you’ll get by using lead gen software, but you’ll be able to enjoy increased conversion rates and even more sales down the line.
Here are some happy customers that have automated their lead generation processes or parts of them.
139.16% more sales with 21.81% lower advertising budget
32% increase in sales
22.6% increase in conversion rate
More leads directly from the website
If you have made it this far, and are still hungry for more information, let us introduce you to a few resources. Use these to further educate yourself on the wonders of lead generation.
How much should I invest in lead generation?
As much as you can, if
This varies between industries and companies. Pay attention to total lead value, customer acquisition costs, and customer lifetime value. Only invest as much as is reasonable. In other words, if you invest a dollar in lead generation and get five back each time, invest as much as possible.
How much does lead generation cost?
When done right, costs from lead generation should be minimal when compared to Customer Lifetime Value. Limits do not exist when it comes to how much you can invest in lead generation, but we suggest that you track your ROI closely.
What does lead generation mean?
Lead generation refers to collecting information about your prospective customers. It can be done, for example, by cold calling or cold emailing your potential customers or by creating content that make them willingly give their contact information.
Is lead generation sales or marketing?
It’s a joint effort between these two groups. Their goal is the same: to get more customers and to grow revenue. Inbound lead generation is mostly done by marketing and sales does the outbound lead gen. However, that’s not always the case as nothing is set in stone and the most effective lead generation strategy acknowledges this.
What is the difference between lead generation and demand generation?
Lead generation aims to nurture brand-aware prospects to move onwards on the purchasing journey. Demand generation tries to educate the market, for example, with quality content to realize that they have a problem and a specific company and solution can fix it. In other words, demand generation aims to create the demand and to drive awareness and interest.
Why is lead generation important?
If you don’t have any leads, you have no-one to sell your products and services to.
How long does it take to get results with lead generation?
Getting results varies between seconds to years. Use all types of tactics to get fast results (that might not be that qualified, yet) and long-term results (high-quality sales qualified leads). It’ll take you forever to get results if you never start.
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Should I outsource lead generation?
In case your resources are limited, it might be a good idea to outsource your lead generation. Pick a partner that really knows your industry and has a proven track record.
What kind of tools should I use for lead generation?
Anything you can think of! As we’re bombarded with offers, deals and ads on a daily basis, try to be creative in creating your lead generation tool kit.
How can I measure lead quality?
Track how many of your leads are becoming paying customers or subscribers. That’ll give you first-hand information about lead quality. Furthermore, create a system for measuring your lead quality even during the purchasing process.
What is a good conversion rate on websites when doing lead generation?
Better than your previous conversion rate was the previous month. Anything above 10% is outstanding, unless you had 11% last month. Then you’ve made changes you shouldn’t have.
What is a good conversion rate from lead to sales?
Can be anything from a few percent to up to 90%. It all depends on:
For example, when we were selling testimonial videos to customers, the average conversion rate from lead to sales was 17%, because the product was easy to understand. When people saw a testimonial video we made, they contacted us because they wanted to have one made for them. The product was easy to understand and they didn’t need convincing about the product, but more about us as a partner.
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