Lead generation is one of the top priorities of
B2B marketers. New leads bring the possibility of revenue growth. Naturally, it
is very easy to become hopeful when any person demonstrates the slightest
interest in your product and consider them as a lead, while overlooking their
quality. However, for truly successful revenue growth, you need to fill your
pipeline with the leads who have a genuine interest and need for the product or
service you are providing. Let us see how you can ensure this -
Have your marketing and sales team confer together
Often, marketing and sales team have radically
different ideas for the qualification criteria of your leads. As a lead,
majority of the sales qualified leads sent over by the marketing team are
rejected by sales, leading to a poor conversion rate. Therefore, it is crucial
that both these teams reach a common ground in their definition of a "qualified
lead".
Establish a lead scoring process
Classify your leads on the amount of interest or
enthusiasm they have displayed towards your brand. This will give you an idea
of who is more likely to purchase from you.
Another way to evaluate lead quality is to use the
BANT criteria -
• Budget – Does the prospect have enough budget to invest in your
solution?
• Authority – Does the prospect have the authority to make a purchase
decision?
• Need – Does the prospect have a pressing need for your solution?
• Timeline – Does the prospect plan to make the purchase within a
reasonable timeframe?
The answers to these questions will help you weed
out the leads who are unlikely or unable to purchase from you.
Have an efficient lead nurturing strategy in place
Even if a lead is promising, lack of nurturing can
make them fall out of your pipeline. They are likely to have a lot of questions
and considerations to go through, before they are ready to make a purchase
decision. Make sure that you follow-up on these leads regularly, either through
phone, emails and even social media. Let them know that you are always
available and ready to resolve their queries and help them make the right
decision to overcome their business challenge. This will help you drive them to
the bottom of the sales funnel in a shorter amount of time.
Quality leads are essential to save a huge amount
of your time, efforts, and shorten the sales-cycle to enable revenues. If you
need help with lead generation, a digital marketing company can help you acquire
quality leads from the desired pool of your target audience.
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