by tradesmeninsights | Nov 30, 2010 | Marketing Tools, Social Marketing, Traditional Marketing
One of our strategic partners, Ultimate Leads, has come up with an intriguing service to help you identify who’s coming to your site by company. Russ Hill, the company president, explains how it works and has given our readers a free trial.
More than 95% of visitors to B2B websites leave sites without requesting additional information according to recent research. Visitors may click links to “Find a Distributor” or download a document without you knowing who they are. And if they arrived at your site via a “pay-per-click” banner ad, wouldn’t you like to know who they are?
Now you can! LEADADVANTAGE is a program that helps you identify companies that visit your website, their interest (pages viewed), and key contacts at that company and more. Great stuff for the B2B marketer interested in generating new leads and targeting new prospects. Visitors finding their way to B2B websites usually get there because they were seeking out information on particular products or services. (Do business people have the time to visit websites about things like lift trucks, hydraulic fittings, or industrial electronics for fun?)
Who’s Looking at YOU?
Simple reverse IP address look-up technology has been around for a while. Website traffic counts, page views, cost-per-click and return visitor numbers are standard fare in Google Analytics, WebTrends and other sites. These counts are little more than the old method of counting raw “Bingo” card inquiries and trade show booth visitors by previous advertising generations. B2B marketers need more. LEADADVANTAGE pulls detailed company and contact information from sources like LinkedIn and Jigsaw. For B2B marketers, it’s not enough to just know how many are visiting your website, but who!
Identifying and capturing website visitors is an excellent way to develop “soft leads” of prospects and new sales opportunities. It’s also a good way to learn which of your existing customers are visiting your website in search of information. Remember, these are companies that sought you out. Don’t let these opportunities elude capture.
To learn more about how to gain the LEAD ADVANTAGE, call 800-323-0550 for a no obligation 10-Day Free Trial.
by tradesmeninsights | Mar 4, 2010 | Marketing Tips, Marketing Tools, Traditional Marketing
We’re all focused on generating more leads these days, but I find it ironic that most companies don’t do much with them once they get them. Simply fulfilling a request is not the answer, but yet many companies do just that. According to a recent survey of people who have requested info suggests that 80% of all sales are made on or after the third contact. The survey conducted by Marketing Best Practices, Inc. polled over 700 respondents with only 8% buying after the first call.
David Frey, the senior content editor of www.MarketingBestPractices.com and author of several marketing books advises, “An educated prospect is your best prospect, and if they haven’t become a customer it’s because you haven’t fully educated them on value of your product and developed a relationship of trust.”
Why do many businesses have a problem following up with their prospective customers? Mr. Frey explained, “The problem is not that small businesses don’t have the capacity to follow up with prospects, it’s that they don’t have the systems in place to do it well.” In his recent newsletter, “Follow-Up Marketing: How To Win More Sales With Less Effort,” Mr. Frey advised, “A good follow-up marketing system should have three attributes:
1. It should be systematic.
2. It should generate consistent, predictable results.
3. It should require minimal physical interaction to make it run.
This leads to a more pressing issue and that is, what is the difference between sales lead management and a CRM tool? According to Russ Hill, President of Ultimate Lead Systems:
Sales lead management is a sub-function within an overall CRM strategy. Traditional CRM programs like Salesforce.com, SalesLogix, ACT, Goldmine, Maximizer and others focus on the sales person entering and managing his own data and pushing it “up” to management.
Sales lead management starts with management generating and capturing leads from all sources, fulfilling information requests and delivering them to the sales channel and tracking follow-up and sales results to measure marketing return-on-investment.
Here are some other interesting facts:
INQUIRIES MEAN NEW BUSINESS!
67% of all inquiries are from legitimate prospects with real needs.
34% have current needs that must be satisfied within 6 months!
70% did not know the company made the product before seeing their ad
. . . making them NEW PROSPECTS!
A six year study* of nearly 60,000 inquiries conducted by Penton Media Company also found that:
43% of inquirers receive literature and information too late to be of use.
72% of inquirers are NEVER CONTACTED by a salesman.
25% of sales contacts are made at the inquirer’s request.
40% of inquirers purchase the advertised product, a competitive product or change their suppliers.
* NED Reader Action Reports
The key is to get a lead management system in place that can help your CRM convert those leads into sales.
by tradesmeninsights | Oct 6, 2009 | Marketing Tips, Marketing Tools, Social Marketing, Traditional Marketing
Sales leads and what to do with them has been an age old problem. Today though, there are programs and processes available to help you monitor and mine those precious sales leads. I’ve been associated with Russ Hill from Ultimate Leads for over 20 years. He “gets” the closing the loop issue and I’m glad to share with you some of his thoughts.
According to the CMO Council/BPM Forum survey in Marketing Today, corporate officers who were polled in an online survey believe revenues at their companies could increase by more than 20 percent by improving their prospect cultivation and management techniques. Marketing and C-Level executives are dissatisfied with the way they generate new business, yet more than half lack formal process to correct the problem.
And my guess is that they are not alone. According to the Advertising Research Foundation, 67 percent of industrial product inquiries are from real prospects with real needs, yet 72 percent NEVER hear from a sales person.
Clearly these executives are onto something. Does this sound like your sales team?
Haley Marketing Group cites recent studies indicating that more than 50 percent of sales people stop working a prospect after the first call. The percentage grows to 65 percent after the second call and 80 percent after the third call.
A whopping 90 percent of sales people call it quits by the fourth call. Here is the troubling part – some 70 percent of prospects won’t make a decision until after the fifth call. Are these sales slipping through your fingers too?
To some degree these numbers are easy to understand. Most sales people are like gunfighters interested in the “quick kill.” The study suggests that while companies may be good at generating large volumes of business leads, most opportunities languish because sales people all too often focus on only closing the most promising and qualified short-term opportunities.
Marketing and C-level executives are dissatisfied with the way they generate new business, but still more than half lack a formal process to correct the matter.
Sales and Marketing teams often point fingers at each other as companies struggle with reaching their sales goals. Sale people complain about receiving too many or too few unqualified leads and marketing complains about poor follow-up, lack of feedback, and wasted dollars. In our 25-years-plus years of experience in sales lead management and CRM services, this lack of synergy can usually be traced back to three specific things:
1) A lack of training about each function’s role and challenges
2) Utilizing agreed upon methodology for generating, qualifying and following up on leads
3) Getting everyone to keep their “eye on the prize.”
If Marketing’s job is to identify target markets, communicate the “right” company message and generate viable sales opportunities, then it is Sales’ job to cultivate and sell those opportunities. Who qualifies a lead and when should it be handed off to sales is an important question. Sales and marketing need be in agreement to be successful. Failing to address this important issue can trap management in something I call “the Transition Zone.”
When marketing and sales management work together to establish mutually agreed upon processes and goals, then train their teams to continuously work to both improve practices and to work together, good things can happen – more business can be captured from existing opportunities, ROI improves…and that is good for everyone.
So, the next time you are considering where to look for new business, take a fresh look at your existing prospects and sales leads. Improving your opportunity management practices may be your first and best means of growing your business.
More than 95% of visitors to B2B websites leave sites without requesting additional information according to recent research. Visitors may click links to “Find a Distributor” or download a document without you knowing who they are. And if they arrived at your site via a “pay-per-click” banner ad, wouldn’t you like to know who they are?