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B2B Lead Generation Sales Team Performance Uncategorized

Close sales leads faster with lead generation services

Are too many of your sales leads “nearly” closed?

Have you considered outside lead generation services?

Too many sales leads, that are near the end of your sales pipeline and not closing can be a problem. This can lock up your cash flow, which means you may have to delay investing in your business while you’re waiting for your sales team to close deals. You have a good sales team, so you’re pretty sure these deals will be done soon, so you concede that a new piece of big-ticket equipment or software can wait. But the days go on into weeks, and weeks turn into months.

You’ve been patient long enough. There are ways to shorten your lead generation sales cycle and unfreeze your business’ cash flow.

Things such as…

Outside lead generation services

You may have built up a stellar sales team. However, bringing in outside help that offers lead generation services and specializes in sales effectiveness training can give them a different point of view on things and help them refine or change their approach.

These lead generation and sales specialists can audit your entire sales process and find new ways to shorten your sales cycle or generate more qualified sales leads. The sooner you give your sales team the tools and processes they need, the sooner your cash flow will reap the benefits. Results from our Black Report indicate that 57% of sales and marketing professionals surveyed said that insufficient budget is being invested in their B2B lead generation efforts.

Say “No” to some would-be sales leads

Sometimes saying “no” isn’t closing the door to a possible sale. It’s opening the door for your team to work on more qualified sales leads.

Be specific in defining your ideal target customer, so you know when to tell a sales lead, “Maybe this isn’t an ideal match.” This is particularly true in the B2B lead generation space.

You don’t want your sales team spending too much time preparing detailed quotes or traveling to on-site visits if this sales lead can’t afford your solution.

Good lead generation strategies require that you determine 3-5 steadfast criteria that your qualified leads need to meet. This might be:

  • A minimum size of X
  • A minimum budget of Y
  • Direct access to (or influence on) the decision-maker

Read the sings, analyze the deals you’re closing and the deals you’re losing to find your company’s telltale signs.

Find tasks to automate

A sales job is a lot of work, researching, pitching, nurturing. It’s entirely possible that your lead times are too long because your sales staff doesn’t spend enough time selling.

Research shows that the average salesperson spends:

  • 21% of their time writing emails
  • Another 17% prospecting and researching leads

The sum of those tasks can equate to 2 lost workdays each week. Your full-time staff is now basically selling part-time.

You may uncertain whether you need to invest in a CRM automation solution. However, ask yourself how much time your sales team is spending on those “extra” tasks, and how much it’s worth to have them selling full-time. Since they really can’t do it all, you can also consider external lead generation services.

Make it as easy to payed

Be flexible with payment. Ensure that your company can accept any type of payment method that your customers would want to use. Also, make it easy for clients to pay you using any mobile device in a few quick touches.

You can also offer alternate or incremental payment plans to break things up. That way, you will have some money coming in and a predictable idea of when the next payment will arrive.

In times of financial stress, you might wonder if you should lower your price to bring in more cash. That’s possible. But before you do something that drastic, consider outside sales or lead generation services, automation or CRM software, and removing any possible payment barriers.

Remove the barriers and consider using any one of these tactics to shorten your sales cycle right away!

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B2B Lead Generation Insights and Ideas

Sales lead generation – 20 to-dos for 2020

By now, unless you’re taking an extended break (and lucky you if that’s the case), you’re back to work after the holidays trying to plan your sales lead generation strategies. While some of us come back to a mountain of deliverables, sometimes it can take a bit for sales leads to ramp up at the beginning of the year. Either way, the post-holiday slump is a real thing, with many of us still feeling the physical and financial overindulgence of the holidays, and, if you’re in the northern hemisphere, you’re probably already tired of the winter weather too. To help get some motivation and inspiration for your sales lead generation, here are 20 things you can do to kick your 2020 B2B demand generation strategy into gear.

1- Review what lead generation strategies worked.

With 2019 still fresh in your mind, it makes perfect sense to take a look at what your sales leads wins and losses had in common. Was there a process you used in your lead generation that was particularly successful? Were there any standout moments, good and bad? Now is the time to figure out what you want to keep doing, and what you’d like to avoid, this year and possibly forever.

2- Make some S.M.A.R.T. sales goals.

First seen in the November 1981 issue of Management Review by George T. Doran, and later made popular in Peter Drucker’s management by objectives concept, “SMART” is an acronym for:

  • Specific– target a specific area for improvement.
  • Measurable– quantify or at least suggest an indicator of progress.
  • Assignable– specify who will do it.
  • Realistic– state what results can realistically be achieved, given available resources.
  • Time-related– specify when the result(s) can be achieved.

There are also some variations of what each letter stands for, such as “Agreed, “Attainable and Achievable” for the “A” and “Relevant” or “Results-based” for the “R.” So feel free to customize them as you see fit.

3- Bring in the experts.

Sometimes a fresh and trained perspective makes a huge difference. Specialized lead generation companies like 360 Leads can help you find the gaps and the opportunities. They do this by taking a deep dive into every aspect of your sales lead management operations, from call shadowing and instructional support, to integrated sales lead generation campaigns and post-campaign follow-up.

4- Do some digital housecleaning.

Clean Out Your Computer Day is the second Monday in February (Feb 10), but you could always get a jump start on it now. A new year is a great time to organize your B2B sales leads files and folders. It’s a satisfying feeling to hit “delete” on junk files, duplicate files and old files and programs you’re no longer using.

 5- Reconnect with prospects that ghosted you.

Potential clients that weren’t interested last year, or were simply too busy to reply, might very well be interested now. A new year is a great opportunity to check in and say “happy new year” and ask what their goals are for 2020. And if you’re doing any “digital housecleaning,” cleaning out your email is also a great way to uncover some of these sales leads.

6- Engage in “Compliment Day” Jan 24.

Not that you really need an excuse to tell your coworkers that they’re doing a great job, but participating in Compliment Day on Jan 24 is a chance to have some fun with it. You can also take it beyond your own team and send out a complimentary note to your sales leads, partners and clients. You could even leave a positive online review for businesses you work with and hopefully they will return the favour.

7- Take a closer look at your customer service.

It’s been predicted that by 2020, customer service will overtake price and product as the key differentiator between brands. As outlined in this infographic, a whopping 86% of customers say they would pay more for better customer service and 91% said they would leave after a negative experience.

8- Make sure your website is “mobile responsive.”

If your website doesn’t work properly on a smartphone, this is something you should address ASAP. Stats show that 61% of customers likely won’t come back to a site that gave them trouble and 40% would use a competitor’s site. 66% of online shopping is via mobile (with that number steadily increasing) and more Google searches take place on mobile devices than computers in 10 countries. Among other Mobile Marketing Statistics Every Marketer Should Know, 91% of American adults have their smartphone within reach 24/7.

9- Review your insurance coverage.

As explained in this article from Forbes, “If you’re happy with how much your insurance costs, you’re not doing it right.” Business risks are changing rapidly and it’s important to make sure that you’re covered for things like cybersecurity.

 10- Reach out to new hires.

 As mentioned in this article about re-engaging prospects or qualified sales leads after the holidays, companies tend to hire a lot of new staff at the start of the year. A deal that stalled in Q4 could be revived through a new hire who is eager to add value to the company.

 11- Get some plants.

Besides just looking nice and helping you to get some “greenspace” indoors, scientific studies have actually proven that offices with plants make staff happier and more productive.

 12- Look for ways to give back.

Practicing CSR (Corporate Social Responsibility) is just smart for two major reasons: 1) you’ll feel good about doing it and 2) you’ll look good for doing it. It doesn’t even need to be particularly expensive – your team could participate in a volunteering event such as a food drive or donate blood as a group. (Fun fact: January is also blood donor month.)

13- Help your site get better SEO.

Did you know that 81% of customers do online research before buying but 75% never scroll past the first page of search engine results? There are many different tools out there to make your site more search engine friendly, such as Google Search Console (which is free!). It’s also very important to use a good hosting provider, make good use of keywords and keep your content fresh by updating it regularly.

14- Add a chatbot to your site.

As explained in this blog, a chatbot is a very effective inbound marketing technique for lead generation, as it can help your site’s visitors to find the information they’re looking for faster. If you do it right, it can be a very enjoyable and even entertaining experience for your target.

15- Write it down.

Handwriting Day is January 23, and it’s worth picking up a pen for. Various studies have shown that writing by hand, specifically expressive writing about thoughts, feelings and goals, can help to boost the happiness, health and productivity of your B2B sales team.

16- Make some cold calls.

Believe it or not, The Black Report, a survey of over 300 executives around the world, found that outbound telemarketing was their most effective lead generation marketing channel. In a digital world, there just is no substitute for a human being. This blog and this blog have some helpful tips to help you make the most of every call.

 17- Ask your best customers for referrals or reviews.

If you have happy, long-term and loyal customers, there’s an excellent chance they would recommend your business. Whether it’s a 5-star online review, being a reference for a potential prospect, or giving you some names of companies that they know could use your solution, you’ll never get what you don’t ask for… so just ask!

18- Learn about TOFU, MOFU and BOFU.

You likely know tofu as a soy-based vegan meat alternative and have no idea what the other two are, but TOFU, MOFU and BOFU are actually acronyms for targeted marketing: Top Of Funnel (traffic generation), Middle Of Funnel (demand generation) and Bottom Of Funnel (lead generation nurturing and customer acquisition). There is no such thing as “catchall content” anymore – you need to nurture your sales prospects (and support your sales team) at every stage in the lead generation game.

19- Keep remote workers engaged.

With the evolution of technology, B2B sales staff can do more remotely than ever before and working from home has become the norm for thousands of us. This article has some good tips on helping remote workers to be as effective and engaged as possible despite the distance, such as prioritizing one communication platform and sticking to a schedule.

 20- Celebrate “Fun at Work Day” Jan 31.

Sometimes the worst thing we can do is take ourselves too seriously. Nothing breaks the tension and helps with stress relief like a good laugh. In fact, playing at work has been actually proven to boost productivity by 20%! Fun at Work Day, held on the 4th Friday of January, is the perfect opportunity to plan something fun for your team.

Hopefully, one or more of these suggestions resonated with you, and you’ll consider making them part of your B2B sales lead generation process. No matter what, remember bonus tip 21: breathe. All we ever have is this moment, so make sure you’re always there for it. And if you need any help getting those new sales leads, contact us to find out more about our lead generation services. We wish you a prosperous lead generation year and successful 2020!