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A lead generation company with secret powers

Lead generation is the process of converting, and to some extent nurturing, business leads. The question of whether to hire an outside lead generation company is one that confronts many businesses who might otherwise consider doing this in-house. Nurtured leads produce a 20% increase in sales opportunities and businesses who nurture leads make 50% more sales at a lower cost than non-nurtured prospects. It’s not something you want to leave to chance. Hiring a lead generation company can make sense for a B2B business because they are focused solely on lead generation, have valuable industry expertise and can save your team time rather than trying to do this in-house. Here are the biggest reasons to hire someone to do it for you:

A lead generation company talks to the right people

Good lead generation is speaking to the right people at the right time, and it comes down to having the right contacts and the right data. Lead generation companies have access to databases with millions of business contacts covering a range of industries. Data specialists can determine which leads are qualified much more quickly than your own staff could.

They prioritize with lead scoring

An experienced lead generation firm will have proven methodologies that they can put to work on your case. Sales leads scoring is one of these techniques which can save a lot of time by not talking to people who aren’t as likely to convert.

They shorten the sales cycle

By having nurtured business leads sent to you the focus is firmly on selling, and the timeline to do so is much shorter. Time is money, and you will be saving plenty of it by having qualified leads sent directly to you.

They improve your company’s web presence

Many lead generation companies can assist with a blog strategy and SEO, so that potential customers can find you more easily through a web search. Then those prospects can be turned into leads and possible customers.

They can lower your costs

Developing a hiring and training program is costly. Sometimes it makes more sense to hire a company that is specialized and already has the skilled staff. Hiring a company to find leads frees up resources for other tasks. It eliminates the time and effort required to recruit and train staff.

They allow you to focus on your product or service

Whatever area of B2B your business operates in, one thing will ring true: it’s the USP of your company that generates revenue, and it’s the USP that you need to focus on. It’s the asset you possess which can’t be bought elsewhere and where you should focus your staff’s energies and resources. Outsourcing to an agency allows you to do just that.

How to find the right lead generation company

Before choosing an agency, it’s important to do your research. If possible, scan reviews, testimonials, and ask for referrals. Ask your shortlisted candidates questions about their processes, tools, and whether they have their own CRM software that will be able to integrate with your B2B CMS for a seamless experience.

While using a lead generation company will cost you money, it saves your business money too. So, unless you want to pay the true cost of generating your own leads, you’ll be wise to pass on the hidden costs to the experts.

You still have reservations about using an external company for B2B lead generation because you think they’ll take your money and run? That they’ll make a couple of calls and leave it at that? Well, it might surprise you to discover that not only will they deliver results, but they’ll deliver them in a variety of ways. Lead generation companies may specialize in one area, but often they’re multi-faceted experts who can cover all the following services:

• Email marketing
• SEO
• Social media
• Appointment setting
• Event promotion
• Content creation

In the B2B world, an individual sales lead or a sale can be worth a lot, so it’s important to put thought into the customer journey pre- and post-sale. Find out how 360 Leads can create a winning B2B lead generation campaign customized for your company and industry. Contact us today!

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B2B Lead Generation Insights and Ideas

A TV appearance can help with sales leads

Think of how much it costs to buy a television ad to help you generate sales leads, and consider that, with a little tactical manoeuvring, you can get even better exposure on television without paying a dime.

Not only do you save loads of money on advertising, but a single TV appearance can lead to new business or a partnership. Plus, it’s great inbound marketing that could drive qualified sales leads, depending on the topic and your appearance. Most importantly, you are building expertise and authority in your subject matter and that can generate more appearances and a higher profile, for you and your B2B company.

While television producers have regular guests and columnists they rely on for news, business or health coverage, as a B2B business leader, you have very specific knowledge of something most people do not.

When breaking news happens in your industry you want to be the person ‘chase producers’ think of when they are madly trying to line up guest to provide commentary. You want to get on their radar before the news story happens, so they will think of you when it does. In this case, it helps to be a regular contributor to public discussions around topics you are expert in.

When a news story breaks, news producers do what they do: they google to see what hot takes there are on the topic, and they’ll check you out – on LinkedIn, Twitter, your company website or any other platform – to ensure you’re the ideal guest who will enliven and engage their audience. Because you are being vetted without your knowledge, it’s smart to Google yourself on a regular basis to see what comes up and how your expertise is showcased.

Reach out as part of your sales leads strategy

A more direct route is to find the producers at your favourite network shows, where you would love to be a guest, and send them a commentary on a breaking news item that you have special knowledge of. If you are writing a company blog, you’re in a great position to get noticed. Jump on any news opportunity to comment and draft a compelling piece that provides your learned perspective on the issue at hand. Think of this as auditioning for a spot on their show. The next time that topic is a hot issue, they will remember your expertise and call you in for comment.

What’s next

Once you have a track record of posts on your company blog, seek out other publishing opportunities to spread your name and boost your credibility. If you come up frequently in searches on certain topics, and if you are published on widely read blogs or national websites, you stand a very good chance of being called up to the big leagues: a network TV show.

Becoming the go-to person on a given topic takes perseverance and patience. Her are a few pointers on how to do it slowly but strategically as part of an overall lead generation campaign:

  • Cultivate trusted relationships with journalists and producers by showing an interest in their articles or shows.
  • Give them exclusives once in awhile to build trust and rapport.
  • Be persistent and patient. Set a goal each week, to post a blog, or be mentioned in another industry blog.
  • Always send out your best work. If you need an editor or proof-reader, make sure everything you write gets read by at least one other person. If your style is drab, think about getting writing lessons.

With persistence, solid media relationships and ensuring your voice is “out there” where the important conversations are happening, you will stand a much better chance of getting on television. It’s a repeatable process since producers are ecstatic to have found an expert and will have you on repeatedly, and it has potentially great value for your business! What could be better. Go forth and put yourself out there as a ‘thought leader’ or ‘subject matter expert’, you’ve got nothing to lose and everything to gain. Need some help, give us a shout.

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B2B Lead Generation

Make your B2B sales lead generation campaign perform

Being active and engaging with new leads and prospects is a good way to fill your sales pipeline and garner new business, but how often are you measuring the performance of your B2B sales lead generation campaign?

There are several metrics to track in lead generation. The key is to map out your goals and prioritize the data that’s most relevant to your business objectives. Peter Drucker, author and modern business management guru is well known for this simple quote: “If you can’t measure it, you can’t improve it.” Whether it is to create solidify more face to face appointments, captures email or contact information, or drive traffic to your website, tactics in lead generation can be measured and give you what you need to enhance, improve and bolster your results.

Determine your metrics

Creating a B2B sales lead generation campaign can feel complicated on its own, but with the right objective and strategy can yield great results. What do these results look like? Are they hitting targets? Can they be improved? These are all questions that metrics can tell you. While the goals of each business will determine what to measure, there are a few common and self-explanatory ones that can easily applied in almost any B2B space when it comes to the performance of your lead generation campaign:

  1. Click-through Rate (CTR) – Determining the performance of a CTA
  2. Conversion Rate – Dividing total number of leads by total number of conversions
  3. Time to Conversion – The length of time it takes to turn an “audience member” into a paying customer.
  4. Average Close Rate – Determining the quality of your leads.

When delving deeper into more details as they pertain to marketing, cost and sales, the metrics are similar, looking at ROI, Cost Per Impression (CPI) or Cost Per Click (CPC), Customer Lifetime Value, Sales Qualified Leads etc. Whether your campaign has digital and non-digital elements (i.e. direct mail, telesales) metrics can be applied to actions to ensure you’re headed in the right direction.

Get help from a B2B sales lead generation company

Partnering with the right lead generation company will not only help with campaign strategies to grow leads and achieve results, it also leaves very little to chance – launching a campaign blindly hoping one or two tactics will yield conversions. At 360 Leads, we offer our clients support in securing new customers and increasing customer loyalty, but we also provide market analysis, insight-driven strategy and support in measuring campaigns. We also work with clients to optimize their sales force with training and lead funnel management. Essentially, a reputable lead generation company will do just that – generate qualified sales all while helping you track your result and provide analysis and reporting along the way. See how 360 Leads generated quality sales leads for our client Gray Tools.

What does success look like to you?

There have been many iterations of the phrase “you don’t know where you’re going until you know where you’ve been”. When applied in the sales world, metrics and analysis are not a burden, but rather stepping stones to lead your team to the next best step. Keeping consistent with reporting provides the feedback and data needed to tweak campaigns, tactics and strategy. Measuring the performance of your lead generation campaign is essentially mapping out your success.

Learn more about how we can help you boost your B2B sales campaign by contacting us.

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Insights and Ideas

Questions to ask a lead generation company

Whatever your sales and marketing funnel looks like, if you don’t get enough qualified sales leads, things will dry up and revenue will fall flat. If you are in this position, it might be time to consider hiring a lead generation company who will help combine sales lead generation and marketing strategy to help you sell more, acquire new customers and optimize your sales force Before signing on to a contract, here’s what to ask before hiring a lead generation company.

Does your company specialize in small or large businesses? B2B or B2C?

Ask this at the outset, so you get an idea in general terms of whether they are experienced in the kind of lead generation you need. If you’re a large B2B company with major accounts you likely have a sophisticated process of handling leads. The lead generation company you hire should have a higher level of expertise, precision and support to handle these high value sales leads. Typically, they will be talking to C-suite, upper-level decision makers, with a solution-oriented selling style focused on ROI for a long and complex business cycle.  If you are targeting smaller purchases of a commodity type with a shorter or non-existent sales cycle, you need a company that is well-versed at these sorts of leads. Additionally, there are major differences between B2B and B2C leads, so the company you’re considering should have experience dealing with these kinds of leads. Discuss expectations of how much of the sales funnel will be handled by this company. Many lead generation companies have a hand in lead nurturing as well, so it’s important to find out how they will work with your in-house sales team.

How do you define a “qualified lead”?

The more narrowly you define a qualified lead, the better, and their definition of a good prospect should align with your own. This is key to getting a smooth partnership going, and expectations will be based on a solid footing.

What types of lead generation company services do you provide?

Many lead generation companies have different approaches and methods. Think of the approaches you take and compare them with the strategies at play in a company you are considering hiring. One major decision is how much effort is to be spent on inbound versus outbound lead generation. Outbound is old school but can pay dividends. Inbound typically requires more digital marketing savvy. Some companies will provide tracking, reporting and support services. How much of this you will need is worth debating with colleagues.

Here is a list of typical services a lead generation company might offer:

  • SEO
  • social media
  • blogging
  • web page optimization
  • paid search
  • email marketing
  • outbound techniques like cold calling and pay-per-click
  • event promotion, content creation, B2B appointment setting

What is your costing structure?

You should already have a sense of your own cost per lead (CPL) or at least a ballpark figure. Lead generation companies should offer CPL estimates based on industry standards, and they should be similar or lower than your own. After all, they are experts at this, and their processes should be refined enough that they get efficient results without excessive overhead costs. Conversion rates and how far they are going to take your leads can matter as much as the quantity of leads. That’s why it’s important to understand their processes before you sign a contract.

What type of technology do you work with?

A lead generation company should have a full set of digital tools at the ready to automate, manage, and track all aspects of their services. Look for up-to-date technology and find out whether it can be easily integrated with your own, particularly your customer relationship management (CRM) system.

Ultimately, the main thing in asking questions is to find a company with transparency about their operations. If you find you’re getting vague answers to basic queries about their process, it’s best to say goodbye. If you are interested in partnering with 360 Leads to see if we might be the perfect fit, contact us today.

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Channel Strategy

Turn digital traffic into real qualified sales leads

In The Black Report™, our global study on sales lead generation, marketers selected digital lead generation as their top lead generation channel, while salespeople selected outbound telesales as their top channel. We say they’re both right, but the important question remains: how do you turn digital traffic into real bona fide sales leads? The key is to integrate the digital leads into a full lead generation strategy.

Here are three things to think about:

Keep score

Not all sales leads are created equal. Many companies have great website traffic, visitor engagement and repeat visitors that could all be considered warm leads. Developing specific scoring criteria on what is and what isn’t a lead can be the difference between salespeople wasting their time and investing it against real prospects. Your scorecard should include site visits, fill forms, download requests, webinar participation, and more. The lead scorecard for each company will differ, but not having one means there is no benchmark for determining what you classify as a sales-ready lead.

More qualified traffic means more qualified leads

Digital advertising campaigns for a client of ours in the B2B category have been setting user engagement records on LinkedIn and industry websites. The click-through rates are frighteningly good, but these numbers mean absolutely nothing on their own, other than our client and our lead generation team get bragging rights. These clicks all link to a very specific call to action, linking to lead scoring and eventually, the wider lead generation program.

Now what?

While every company and campaign is different, an action we often take is to put the B2B digital sales leads into an outbound calling program. Don’t just let these leads sit in a list that keeps piling up. Instead, make contact when the scorecard says it’s time. But don’t be too aggressive or premature with any outbound contact—you only have one chance to make your second impression count! Set the expectation of contact in advance via your digital call to action. Whether it is a phone call, an email, or a social media post, ensure that the prospect knows they will be hearing from you soon.

If you’d like to learn more about how we drive ‘insane CTRs’ to convert digital traffic into qualified sales leads, contact us.