Entries Tagged as 'B2B sales leads'
You may have a number of live seminars, workshops, webinars), videoconferences, trade shows and speaking engagements planned for future months. Here is a short summary of how best to use events to drive sales and revenue.
– Leverage other marcomm tactics such as direct mail, email and telemarketing.
– Speak or exhibit at others’ events, saving the time and expense of running it yourself.
– Use events to move known prospects along the sales cycle, rather than focusing on those who are new to your company.
– For mid-stage prospects, use “bite-size” events, such as “lunch and learns,” “executive breakfast briefings,” or webinars.
– For hot prospects who have already indicated they are close to buying, offer events that will give them details they need to make the final decision.
I go into more detail about this making the most of events in your marketing plan in my article What role should events play in your marketing plan?
What’s a more cost-effective way of making a business-to-business sale? Saving the one-to-one sales calls until the end.
Most of the fastest-growing companies I know don’t rely solely on one-to-one sales contacts to grow their business. Why? Because it’s difficult to find effective salespeople, and often it takes too long for new salespeople to start showing a favorable return on the company’s investment.
Instead, the more successful companies leverage lower cost-per-contact, one-to-many marketing tactics to address the front end of the sales pipeline: prospecting and qualifying after sales lead generation. Then they focus their more costly one-to-one in-person sales contacts on the end of the pipeline: the heavy lifting of doing demos, crafting proposals and closing sales.
Doing the Math
How many prospects do you think your salespeople can visit during a given day? Unless their territory is limited to the immediate neighborhood, I’d say they’ll probably be able to schedule a maximum of four meetings a day. Add these numbers up and you’ll find that your average salesperson can complete 200 in-person sales visits a year at most (50 days multiplied by four visits). My experience says that the average B2B close rates are close to 20 percent to 30 percent, meaning average salespeople will only close between eight and 12 sales from their 200 in-person sales calls!
They would be 40 percent more productive at closing sales if they only had to make an average of three sales visits to close a qualified business lead that was generated for them by marketing.
Use B2B Marketing
So instead of adding more salespeople to knock on more doors, use marketing to cost-effectively contact your prospects and fill the sales pipeline with qualified leads via sales lead generation tactics. Doing so will result in more sales-ready opportunities that your salespeople can turn into new business, meaning greater sales revenue and profits for your company–and maybe a raise.
The full article with more detail and calculations is available at: Sales Lead Generation and Qualification: Use B2B Marketing
Are you dialing for dollars or wasting your money with telemarketing?
Why? Because this is what happens when somebody realizes that there are not enough sales leads in the pipeline to meet this quarter’s sales revenue goals:
Scenario A: Forced Labor
They grab a couple of unlucky administrative assistants, salespeople or interns, put them on they phone with old leads and pray. The unmotivated crew manages to fill their time “getting organized.”
Scenario B: Garbage In, Garbage Out
The marketer Googles for an outsourced business-to-business telemarketing company, and eager to start, sends and old call list or worse, a list of all area businesses. The telemarketing company hires some temps, changes an ex-client’s script, and tells the newly hired business-to-business telemarketing reps, “Start calling.”
Not surprisingly, both scenarios are recipes for disaster.
Of course, you’re experienced and have the skill and knowledge necessary to recognize when a prospect’s needs are a good fit for your services. But you’ve got more important things to do.
So if you’re serious about using B-to-B telemarketing to quickly generate qualified leads:
Hire your own top-notch telemarketers.
Look for people who like being on the phone, understand that rejection is part of the process, have lots of experience calling your types of customers and can knowledgeably discuss the situations and applications your services fit best. (Hint: Consider ex-salespeople who now have kids and want to work part-time and without traveling. Or go after retirees who have realized they’d like to work part-time.) Then give them well-targeted and up-to-date lists of prospects to call.
Hire a top-notch B2B telemarketing company.
Look for a company with a proven track record of calling into the same industries and the same titles as you will want them to be calling on your behalf. Thoroughly check references and insist that the BtoB telemarketing company assign experienced callers to your project. Then both you and the firm must invest time and effort in creating call guidelines (rather than a verbatim script) and training callers on the unique aspects of your business and your prospects. Finally, give the callers a well-targeted list of prospects to call, and have them start dialing.
The acid test for success in either case: How would you feel if you received that telemarketing call?
For the full version of this article, please visit:
Business-to-business telemarketing: Dialing for dollars or wasting your money?
Also: Make your telemarketing efforts take off. Find out more about my telemarketing lead generation consulting services.
When searching for leads to buy your products or services, you want to find those companies who have a problem for which you have the solution.
How do you go about finding those companies and how do you find the level of contacts you need from within the companies?
I’ve added an article to my website about the process of targeting your lead generation:
- Rank current customers
- Add information about each customer
- Determine likely prospects
- Target lead generation by market or geography
- Research the media they use
- Focus on B2B marketing vehicles
Read the full article: Lead Generation: Targeting your B2B lead generation