Five Reasons to Take Another Look at Lead Nurturing
Joel Lockwood, Partner and Chief Marketing Officer
According to research, 64% of marketing and sales executives are dissatisfied with their lead nurturing programs.
Are you one of them? And have you abandoned some or all of your programs as a result?
If so, maybe it’s time you took another look at lead nurturing. Although the process seems like a lot of work, the benefits far outweigh the effort. Here are five reasons why.
1. You’ll find out who really wants to hear from you.
As I’m sure you’ve noticed by now, you can’t take for granted that everyone in your marketing database wants you to send them content. One best practice of lead nurturing is to get explicit permission up front from your recipients.
We at Ozone Online recommend using the double opt-in method, in which you ask your prospects to confirm their original opt-in by responding to an email. Yes, this adds a step to the process and may scare off a few lukewarm prospects – but you’ll end up with a list of subscribers who truly want to hear from you. (You’ll also prove that your organization has the utmost concern for online privacy, which certainly can’t hurt your sales.)
2. You’ll get to know your prospects better.
The lead nurturing process gives you numerous opportunities to ask your prospects for more personal data in exchange for the free information you’re providing. You’ll use this data to build increasingly detailed prospect profiles.
These profiles will not only help you provide the right information to the leads already in your pipeline, but also enable you to refine your lead generation activities in the future. The result? More high-quality leads to pass to Sales.
3. You’ll show customers how you can solve their specific problems.
Some companies figure “anything is better than nothing” and indiscriminately blast content to their entire prospect database. But if you take the time to develop relevant messages that focus on solving specific problems, you’ll differentiate your company from the competition.
Using the information your prospects submit and the actions they take throughout the buying cycle, you can present them with information on the exact products, services, or features that address their needs. You’ll have a chance to call out specific, relevant benefits that you may not have mentioned in your initial lead generation pieces.
4. You’ll know exactly when prospects are ready to talk to Sales.
As your leads move through the buying cycle, it’s key to set up a lead scoring process. Just make sure your process is based on your most important demographic and behavioral characteristics. These may include:
- Company size
- Title
- Purchase timeline
- Budget
- Downloaded white paper
- Used product comparison charts
- Attended webinar
- Downloaded product trial
- Watched video
- Commented on a blog
- Called your 800 number
- Visited your tradeshow booth
So, when do you pass a lead to Sales? It’s simple. Just assign point values to each of these characteristics and activities, and then set a trigger point for passing along the lead. You’ll continue to adjust your point values and trigger point over time, as Sales gives you feedback on the quality of your leads.
5. You’ll get results.
You may be pleasantly surprised at the numbers you see in your lead nurturing program. In one program documented by Marketing Sherpa, IBM Cognos recorded impressive results:
- About 11% of website visitors completed a registration form, compared to an industry average of 3%.
- Open rates for nurturing emails increased to 33.3%, compared to 13.2% for the company’s traditional multi-touch campaigns.
- Click-through rate increased from 0.09% to 15.5%.
- Response rate increased from 0.05% to 17.5%.
Tap an Untapped Resource
Leads that sit in the marketing pipeline month after month are wasted opportunities. And in this economy, nobody can afford to waste an opportunity.
By implementing even the simplest lead nurturing program, you tap an untapped resource – the leads you already have – and squeeze value out of marketing programs you ran in previous months and years. As your program grows and gains sophistication, it can deliver results that more than pay for its cost.
Categories:
- Best Practices
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Joel Lockwood, Partner, President Joel brings over 20 years of marketing experience to Ozone Online. He has held executive marketing positions at large corporations such as Computer Associates, Sun Microsystems, Netscape and America Online, as well as several successful start-up companies. Joel excels at helping Ozone’s clients sync their online campaigns with their corporate marketing objectives. Email Joel. |

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