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A sip of Lead Generation
A sip of Lead Generation
(Before the big gulp of Appointment Setting)
Would you quickly drink a cup of freshly brewed coffee without sipping on it first?
What if I ask you, is your brand ready for sales and marketing launch? If your answer is not a sure YES, then let’s discuss about Lead Generation for now and parking lot on Appointment Setting.
Lead Generation is basically the generation of a prospect’s interest into a product or service of a business. Common purposes for running a lead generation campaign maybe for list building, contact acquisition or sales leads. Below are some tips that will help you determine the readiness of your product or service for market consumers before you push for client meetings:
Gauge Interest Level
You know who your target consumers are but would you know how many of them would be interested in your product or service? How many of them are on the buying stage or maybe just evaluating? How much would they spend for the purchase or do they have the budget? How soon would they switch or upgrade?
But why do we have to comply with such pre-requisite action? Can’t we just go ahead and directly sell or offer to consumers? Such question makes sense, as the main objective of each business is to do so.
Collect the Data
Who are your target consumers? What product or system are they currently using or engaged with? Where or which target location would you prioritize to cater to? When are your prospects planning to buy – today, next quarter or 6 months from now? These question sets maybe are a few basic start points when getting information from your target consumers whom you would consider as possible buyers.
You should acquire accurate statistical data as this should be a strong point of your comparison with the competitors’ brands. Get a full knowledge of their market scope, solution edge, and sales strategies as these are essential factors to consider before you do an official market launch.
Roll out a survey
Survey is asking people, one or maybe series of questions in order to gather information. You may use tools and procedures via different media like telemarketing (profiling), the web (social media) or face to face interview in conducting a survey. The conclusion of the survey process will determine the readiness of your product or service to go live in the market or take further profiling activities.
Regardless which industry you are engaged with, the competence and readiness of your brand will impact the business’ marketing and advertising effectiveness, sales cycle, and cash investment returns. This means that your brand’s features and benefits should cater the needs of your target consumers to guarantee customer satisfaction. What they see and hear about your business offering must translate into a worthwhile experience. Media advertising may stir your prospect’s interest, but the proven experience that is testified by your consumers through word of mouth would be the most effective promotional medium.
So before you set appointments to present your brand’s features and benefits with your prospects make sure that you have accurate data on hand about your target consumers.
Take a sip of lead generation before the big gulp of appointment setting. I bet you wouldn’t want burnt lips and tongue, would you?
Underperforming Lead Generation? Here are the Suspects
Ensuring consistent gains in your B2B lead generation also means identifying certain scenarios that raise a red flag on your marketing efforts.
For Louis Foong, CEO of the ALTEA Group Incorporated, the main reasons for a failing lead generation strategy are as follows:
WEAK DEMAND GENERATION STRATEGY: If your demand generation strategy is on a shaky foundation, you have a host of problems on hand. Common issues include not following a regular list hygiene process, missing solid account mapping and lead scoring metrics, not being in touch with the dynamics of your market and not fully comprehending the issues your customers find most challenging. What can you do to ensure your strategy is well-defined and strategically aligned to deliver on your lead generation goals?
YOU HAVE NOT MAPPED THE B2B BUYING PROCESS: B2B procurement is not a simple process. Not only do you have to comprehend it generically, but you also need to map it for every B2B buyer you are targeting and working on to achieve a sale. Recognize that it is going to be a long and complex sales cycle with more than one ‘power buyer’ involved. In addition, the buying process within your client’s organization may be impacted by factors such as budget issues, growth patterns, debt situation, staffing and personal issues, economic factors, and more.
TOO MANY WALLS: Marketing is tossing ‘qualified’ leads over the wall to Sales. Sales is not picking up on those leads because they do not seem promising. Finance is breathing down the CMO’s neck questioning the purpose of all the lead generation activities and demanding ROI. The CEO is drinking from a fire hose with a desk that’s piled high with Big Data. All in all, everyone is functioning behind walls and in silos rather than in an environment where learning, resources and customer analytics flow freely between departments. This is a fairly typical scenario in large and medium-sized B2B companies. But it doesn’t have to be this way.
TOO MUCH CONTENT: Is there such a thing? Hard to believe since everyone is going nuts with social media and content marketing. The problem is, the buyer is experiencing too much noise. If your social media and content marketing activities are not grounded in buyer persona profiling, your time and resources are going to waste.
TOO MUCH RELIANCE ON EXTERNAL SOURCES: Marketing automation toys, fancy CRM software, trendy analytics tools and reports, paid social media channels, all of these are the flavour of the day. Unfortunately, a heavy reliance on these creates a situation where you now need ‘experts’ and ‘specialists’ to make sure you are getting results from your latest investments in B2B lead generation. You have to remember, though, that a specialist will pressure you to spend more time and money on activities within her or his field of specialization. That’s when the specialist can show your company some measurable results.
Lead Generation in Singapore: How Database Integration can Keep you in Profit
Photo Credit: Tom Raftery
It’s a data-driven world out there and B2B enterprises need to drift with the times. In the face of unpredictable market forces, it is important now for these companies to harness new technologies that can provide wide-ranging benefits to their lead generation and appointment setting campaigns.
As a way to effectively reach out to multiple audience touch points, database integration is becoming an important strategic answer to business needs in vibrant economies like Singapore.
Despite negative outlooks this year, the country continues to receive international capital. In recent developments, Britain-based business intelligence firm B2B International has expanded its reach in the Lion City. The firm believes that South Asia continues to be an important opportunity base for similar companies to harness.
For now, B2B suppliers such like you need to use cost-efficient and time-saving ways in order to stay in profit and provide the necessary services to current and potential clients.
Integrating your marketing and sales functions in this case should be the first thing in mind since it entails benefits to B2B lead generation like:
1. Savings
Economic uncertainties entail the need to become more conservative in terms of spending. In this sense, businesses need to make better and highly profitable strategies. Linking your CRM with your sales drives accuracy and proper revenue attribution. This provides you insights into how much you are spending and how much you are gaining back. Accordingly, this enables you to create more revenue-friendly strategies.
2. Lead generation proficiency
Quality is usually a pressing issue among B2B service providers due to the particular problem of setting up an effective lead prospecting and lead scoring database. Manpower proficiency has been the common culprit, but the problem usually demands investment in an efficient system that accurately gauges audience interests and undertakes interaction-based scoring.
3. Effective and timely deliveries
You cannot afford to send the wrong messages to the right person. It entails a waste of time and money. On the other hand, you can use marketing automation software to segment your audience and send them content in line with their needs, thus keeping in line with the need to prioritize audience interests.
4. Accurate reporting
Integrated CRM and sales are essential in providing you with up to date information about the implementation and progress of your campaigns. Letting you focus on the right metrics and KPIs, integrated software systems is advantageous in identifying the best actions to take for better profitability and survival of your business.
Quick Fix for Lead Generation Content that isn’t Getting Found
In a typical content marketing lifespan, you cannot avoid getting into a phase when you start wondering why your pieces of great content – those which are with quality and viral potential – are not stumbled upon by your target market.
It’s a frustrating time, especially when you’ve become really proud of your content outputs yet they don’t really help in generating leads for your team.
Apparently, there’s a whole lot of difference between creating good content and promoting it, and the latter is what ultimately decides the “searchability” of your posts. There are things you could do to effectively promote your content, as proposed by Sonia Simone, co-founder and Chief Content Officer of CopyBlogger Media.
From CopyBlogger.com:
#1: Build your network
Today, tomorrow, next week, and next year, you need to be building your network of web publishers.
Those are the bloggers, web journalists, social media power users, and others who have the audience you’re looking for.
2 tips for expanding your network and making connections with influential folks on the web:
- Do something epic.
- Be a good egg.
You have to do something (like create some fantastic content) worth paying attention to. And you have to be the kind of person that others can stand to hang out with.
Incidentally, don’t try to only cultivate a network of “big” publishers. Those are nice, too, but you also want to expand your network of publishers whose audiences are close in size to yours.
Networking isn’t about sucking up to people you don’t like. It should be about cultivating relationships with publishers who are passionate about the same things you are. Spend your time on people you respect and like — it just works better all around.
#2: Make it shareable
As you’re building your network and creating that epic content, remember to make it easy to share.
- Format it to be reader-friendly.
- Put a decent headline on it.
- Make it easy to share on social sites.
- Make it entertaining and useful.
Make a careful study of the content that gets lots of shares on your favorite sites. Try to model your content on that — not just superficial elements like a Buzzworthy-style headline, but in delivering an experience that the audience wants to share with others.
#3: Clones don’t win
You’ll never be able to really effectively promote stale, “me-too” content. Even if you make it useful and interesting. Even if it has good headlines.
Your content needs a unique voice. It needs a point of view. You have to stand for something. You need a thumbprint — something about you, your approach, and your content that no one else has.
No matter how crowded and cluttered your topic is, there’s always a way to differentiate. But you need to put the work in. It can take time, and thought, and a lot of words written. But there is always a way.
Read the full post at http://www.copyblogger.com/content-promotion/
A Pre-Campaign Questionnaire for B2B Lead Generation
When there’s too much going on, sometimes marketers tend to overlook important things during the course of a B2B lead generation campaign, causing them to struggle in making adjustments. Once the campaign has already kicked off, focus should be allotted on maintaining the marketing momentum, instead of controlling the damage caused by an oversight that could have been prevented in the first place.
Three Ways To Waste Money In Your Lead Generation Campaign
That is why preparation is very crucial before the start of a campaign. When everything is laid out clearly and systematically, the operation would be smooth-sailing and achieving the desired results would be much easier.
Before embarking on a lead generation campaign, gather your team and go for a rundown of these pivotal questions:
Is your campaign anchored from an in-depth understanding of your target market?
Understanding the audience should be the heart of lead generation above everything else. Plans and activities are easily executed if they are based on how prospects behave when they do research, interact with sales people, choose their products/services, or make the deal/purchase.
Do you have an accurate and updated data pipeline?
The information in your sales pipeline is like your map as you go out into the wild jungle of the B2B industry. Not making sure it’s reliable only slows down the progress of the campaign.
Have you selected which key success indicators you will be measuring?
The sign of a successful campaign isn’t always based on actual ROI figures. You could also gauge your success by looking at certain points, i.e. click-throughs, shares, sign-ups or web traffic – whichever you decide to be an important factor for your team.
Are you satisfied with the content you will be offering to your audience?
If you have faith that your content pieces are engaging enough to elicit a desired response from its readers, then you’re ready to put it out there. You will only need to know how.
Do you have a holistic, integrated marketing strategy in place?
To carry out multiple, unrelated minor tasks within the campaign can be counter-productive; you need to have a system that puts all your efforts complementing each other to reach a common goal.
How would you nurture your leads?
Although every lead is more or less unique, you should still have a standard lead nurturing scheme to make sure all your prospects are well taken care of. The campaign should not stop at just merely generating leads; it should carry them through the end of the sales process.
Five Marketing Myths That Mess Up Your Lead Generation
If we look at how businesses operate here in the Southeast Asian region, especially those in the IT sector, you might say that B2B lead generation campaigns have not changed at all. Sure, the way we do it may have changed, but the need to generate more sales leads for your business remains the same. And while we are at it, we would be planning ahead with regards to our marketing campaigns, and ensuring that our work really gets us to our goals. Now, the funny part here is that we are often guided in our work by our beliefs. But what would happen if what we believe in are just myths? Would that not mess up the way we handle things? If that is the case, then we should eliminate these myths. Myths such as:
- It is all strategic – think of this as long-term plans meant to bring you the B2B leads you are after, but are actually nothing more than experiments on what to do and what not to do. More often than not, this will just lead you to failure. You should try avoiding that. Actually, if you really want a solution in marketing, you should take a tactical approach, more akin to reacting to what market trends and tastes dictate.
- Marketing is sales – while, at first glance, this makes sense, in actuality, this is also a mistaken belief. Marketing teams do not bring in the money, sales teams do that. Marketing is all about the analysis and formulation of plans, sales handles the actual implementation. If you want to truly get good results for your marketing campaign, focus on sales. Marketing will pick it up from there.
- Marketering is all about the selling – again, another misguided observation. To tell you the truth, marketers rarely do the selling. They are just there to create the tools and processes that enable sales to do their job right. Most of the time, they actually end up producing the wrong tools, or ones that perform sub-par. Still, it cannot be denied that they are what you need in working on winning more sales leads in your telemarketing campaigns.
- Brand is everything – it may sound sensible in today’s brand-conscious market, do people really worry about the brand of what they buy? Most of the time, all they care about is whether this is cheap enough and good enough to solve the need at hand. If your business can provide something like that, then you can be sure that your customers really will come. All the better for your B2B appointment setting efforts.
- The future can be predicted marketing – to be honest, no one knows what the future will bring, and even if marketing can have a more accurate picture, it is still pretty much an unknown factor. The best you can do is to prepare for any eventuality, and deal with it quickly.
If you can get rid of these erroneous thoughts, then the better your B2B lead generation campaign will be.
