5 best practices of lead generation - workplacefundi
TRANSCRIPT
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5 Best Practices of Lead generation
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Biggest Sales & Marketing Challenges
“Finding new leads”and “Gaining accessto decision makers”
Source: BSG Survey of >50 FM Service Providers-2014
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How do Clients Find New Suppliers?
“referrals followed by “online articles”, being the next frequently used.
Source: BSG Research “How Clients Buy FM”, 2014
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3 Challenges
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Challenge #1
People only
buy from
people they
trust
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Getting to Trusted Advisor Status
C= Ensure Sales are properly equipped to build Trusted Advisor relationships & win the business
B= Handover to Sales to convert leads that are worth pursuing and that are already warm
A= Attract and nurture leads
-24 -12 -6 0
The Sweet Spot
Danger Zone
Lost/No Hope
Antagonistic/
unknown
Predisposed
Trusted
Advisor
Transactional/
Indifferent
A
B
C
RELATIONSHIP STRENGTH
TIME TO PURCHASE
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Challenge #2
Buyers
find
Sellers
not vice versa
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Buyers Now Find Sellers
Sales Rep
Buyers shop anonymously until the …. Formal Process starts
• 81% of all buyers prefer to research suppliers themselves. • 71% start with • Active customers in the market are invisible to us
In 80% of purchases, the BUYER finds the
SELLER.
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Challenge #3
Interruptive marketing doesn’t work
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Buyers don’t want to be interrupted….
“Do you prefer to be approached by suppliers’ sales teams”? (rather than researching them yourself)
“Are you put off by suppliers that cold call to sell services”?
No Yes
No81%
Yes19%
Source: BSG Research ‘How Clients Buy FM”, 2014
Never
Sometimes
Usually
Always
28%
3%
38%
31%
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What does this mean for FM suppliers?
Challenge Implications for Service Providers
We need to build a trustedrelationship with prospects before they will buy
• Find a cost effective and scalable means of building trust relationships with strangers
That the client owns the buying process • Support the buyer through the process• Nurture the relationship• Don’t try to force the decision
Interruptive marketing techniques do not work
• Adopt “client friendly” marketing techniques
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The 5 Best Practices
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Best Practice #1
Build an ‘independent’ lead generation
engine
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We need more leads that we realise!
New Business
Leads
Market Qualified Leads
Opportunity
Proposal
Shortlist 30% Win Rate
33% of New Relationships"
lead to a Proposal
10% Leads qualified by
Marketing & passed to
Sales for follow-up/
appointment
5 M 14 Wins at an average of
365K/Contract
= approx. 1.5/month
42Proposals
126Leads accepted
by sales
1260Market Qualified
Leads
= 12 New meetings/Month
= 115 MQL’s /Month
= 3.5 New Proposals/Month
Annualised Sales Budget
14Wins
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Best Practice #2
Understand our client and their needs through the buying cycle
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Understand each point in the buying cycle Awareness Consideration Decision
Contract lifecycle
Buying process
Buyer’s issues
Expiry minus 12 months Expiry minus 6 months Contract Expiry
Resolving daily issuesKeeping abreast ofchanges & industry
trends
Service quality challenges?Questioning value for money?
Poor supplier relationship?Property or service
consolidation?
ResearchingUnderstanding
Relationship-building
Potential suppliersRelationship-building
Exploring needs &solutions
Decision to markettest/tender
Viablesuppliers
CompliancePrice
Supplier fit
ContractHandover
Mobilisation
Marketing Sales
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Best Practice #3
Developing invaluable content that meets clients needs
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Content and Customer Experience
• Content and CX moves customers along their perspective journeys from the on-boarding stage, to the brand advocate stage
• There are two keys to CX — empathy and curiosity
• You must be interested enough to understand their pains, motivators, needs and wants, and be curious enough to come up with ways to help them meet those expectations to achieve success.
• It all comes down to meeting the customer need.
• The first steps in any interaction are to
1. Create Content that is Helpful and create - AWARENESS
2. Engage in conversation and Explore their needs – CONSIDERATION
3. Advise and reassure them to help them decide - DECISION
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Provide content that will HELP the Client at each stage of the buying process
Educate & Inform - Help prospects understand theproblems and symptoms they have. Provideadditional information on the topic/solution, withouttalking about our business yet
Engage & Explore - increase their engagement with us and help them understand how we can help
Advise & Reassure - Help them with their buyingdecision and provide information to reassure them
Awareness
Consideration
Decision
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Best Practice #4
Leverage the content to generate leads
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Inbound Marketing provides valuable intelligence to the sales team
What companies arevisiting our site?
360° View of Your Leads
What pages have theyviewed?
What are theyinterested in?
How engaged arethey?
What is their leadscore?
When are they onour site?
What emails have theyopened?
Who are they on social media?
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Best Practice #5
Measure and optimise results
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Return on Marketing Investment (ROMI)Every step should be measurable, enabling us to measure Return on Marketing Investment (ROMI)
Visitors Leads Clients
METRICS
Keyword rankingsBlog visits + readership
Page viewsSocial media reach
Call to Action click-thru rateLanding page conversion rate
Time from visitor to lead
# Contacts# of qualified leads# blog subscribers
AppointmentsProposals
Number of clientsValue of new contracts
ROI by Source
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Conclusion & Wrap Up
What does it take and what are the benefits of getting it right?
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Conclusion and Wrap up
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By publishing the right content in the right place at the right time, our marketing becomes relevant and helpful to our customers, not interruptive
Inbound marketing attracts qualified prospects to our business and keeps them coming back for more …because they want to!
““
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What results can we expect?
• #Web visits
• Visit-to-Lead Conversion
• #Leads Generated
74% of companies implementing inbound marketing see an increase in sales within 7 months
6mnths 2 Years
2.1x - 6.9x
2.2x - 33.9x
5 - 10%
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Thank You
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Thank You