ALL YOU NEED TO KNOW ABOUT LEAD GENERATION
To be successful at lead generation, a lead must be willing to invest in lead nurturing and facets of Middle of Funnel (MOFU) techniques. The MOFU techniques are designed to nurture the already established relationship and create and grow trust by providing high-quality engaging content. Importantly, the techniques should gently guide the lead to making a purchasing.
In recent times, to be successful in lead generation, you have to combine TOFU and MOFU techniques and approaches effectively into a holistic marketing philosophy. Only then can you efficiently convert your leads into paying customers and or clients.
Lead Generation Research
Lead generation tactics are an important part of lead generation. Increasingly, companies are now spending a lot of money to diversify the creative means they can capture their audience’s attention despite all the noise that exists.
Lead Generation Budget Observed Trends
In recent times, we have observed the rise in the net spending on lead generation by marketers. The money is typically used in SEO, website optimization, and social media.
CMO Lead Generation Focus
MarketingSherpa reckons that senior-level marketing executives and CMOs are prioritizing increasing or getting measurable ROI from their marketing efforts. Moreover, they are prioritizing the optimization of marketing and sales funnel over in their lead generation. As such, CMOs are focusing on finding viable methods of improving the quality of the leads generated from their marketing efforts and investments.
Top Lead Generation Challenges
As mentioned above, lead quality is the main priority for marketing executives across the board. However, lead quality is a significant challenge that marketers have to deal with. An IDG study revealed that 61% of the marketers in the study find generating high-quality leads to be a huge challenge.
That being said, marketing executives have to contend with inadequate resources. They have to operate with inadequate budgetary resources, staffing, and inadequate data (both quality and quantity-wise) while still trying to generate quality leads.
Most Effective And Efficient Lead Generation Tactics
Another IDG survey dubbed The B2B Lead Generation Marketing Trends Survey revealed email marketing, corporate websites, tradeshows, and conferences are the most effective and popular lead generation tactics in use today. Conversely, direct mail and print advertising have been identified as the least effective lead generation tactics.
Fundamentals of Lead Generation
To get the fundamental of lead generation right, you need to appreciate that defining a lead is a subjective matter. It all depends on the company involved. Typically, the definition of a lead will depend on a company’s sales cycle. However, a lead is generally defined as a qualified potential buyer who offers a certain level of interest in buying your goods or services. It is important to note that every lead that submits details with you gets something in return; this might be additional information on the products or a convincing offer.
Generally, there are two types of lead generation – inbound and outbound. Nonetheless, the basic principles of recognizing, nurturing, and customer retention remain part and parcel of a comprehensive strategy.
Inbound marketing entails assisting potential customers and/or clients learn about or locate your company, typically before they consider making a purchase. In doing this, you convert this early audience into having a preference for your brand, eventually turning them to a lead and revenue.
In a market where customers are immensely empowered by having ample choices, marketers cannot rely on trade shows, advertisements, cold calling, and other outbound marketing tactics only. Today’s consumers are educated and knowledgeable, and, therefore, require a lot of information. As a marketer, you work is find innovative and creative ways of standing out in the crowd and catching the attention of the audience. To achieve this, you need a good grasp of inbound marketing.
You can achieve this by providing a blend of informative, relevant, and entertaining contents. The goal is to create a relationship with your audience who are also your potential clients. That said, note that creating content is not enough. You need to avail the content to your audience through channels your potential clients use.
We will delve into some of the most effective inbound leads generation:
SEO and Content
Your inbound marketing efforts will quickly hit a brick wall if you do not generate and use the right content. Content marketing, therefore, is a cornerstone to inbound leads generation. Content marketing is at its core creating and disseminating in-depth and useful content in an effort to capture the attention of a well-defined target audience and engage with the audience with the end goal being helping the audience take profitable customer actions.
Email marketing, social media marketing, and other types of marketing thrive on content. Having the right content can get you right in front of the buyers, helping you to gain their trust.