How does lead generation work?
Lead gen, at its heart, is straightforward:
First, generate traffic to your digital spaces. This can be through means like Google Ads or smartly targeting your audience with your social media content.
Next, convince these visitors to leave behind some contact info — email, phone number, the usual suspects. Also, be bold enough to ask them questions to help you determine how best to support them.
From here, your marketing teams gets to work furhter, guiding these leads down the sales funnel, hopefully culminating in a sale.
Sounds like a numbers game, right? Well, kind of. More leads = better? Not always. Quality is the keyword. Imagine paying for 1,000 leads, but only 10 convert. Compare that to a meticulously crafted campaign bringing 50 leads with 30 conversions. Yep, the latter sounds juicier. That, right there, is the difference between any lead and a qualified lead.
Start with a solid inbound marketing plan:
Here’s the thing: knowing where your audience is in their buying journey is everything. Because bombarding a clueless prospect about your product? Not cool.
Visualize it this way:
Awareness: "I've got a problem, but no idea why." This might get a blog post or an infographic.
Consideration: "Okay, I see the root issue. Let's explore some solutions." Maybe a free comparison chart, white paper or test.
Decision: "I've picked my solution. Now, who's best to provide it?" These prospects could benefit from demos or reviews.
This isn't just marketing fluff. A diverse content spread targeting every buying stage is the backbone of inbound marketing. And the payoff? It's sweet. HubSpot data points out that businesses who play this long game see 50% more sales at costs slashed by 33% compared to those who don't nurture. The cherry on top? Once you invest in creating this content, it can keep working for you, bringing returns for years.