The Long Road From Lead Generation to Sales Conversion

Marketers face lengthy time spans as they progress from lead generation to conversion, making it difficult to nurture prospects while moving them through the pipeline. This chart highlights the percentages of leads in each stage of the pipeline that are likely to advance to the next stage.


One of the most challenging obstacles to marketing is the time span from lead generation to sales conversion.

These long sales cycles put pressure on marketers to streamline the lead nurturing process.  When prospects first enter the pipeline, they may be months away from defining specifications, a budget or purchase timeline.

It is marketing’s responsibility to identify and fulfill the information needs of prospects at each stage and to advance prospects through the pipeline to a sales-ready stage as rapidly as possible.

What percentages of leads in each stage of the pipeline are likely to advance to the next stage? As this chart shows, on average, nearly four in 10 leads move from initial inquiry to being sales-ready, and approximately the same ratio advance from sales-ready to qualified prospect. As might be expected, the trend deteriorates moving to the next stage where only three in 10 qualified prospects convert to a sale.

The internal sales force has an edge – albeit slim – over top channel partners in percent of distributed leads closed. An organization’s own sales force is also three times as likely to close leads distributed to them as are their average channel partners.

The Deal. The Close. The Win.
Ultimately, making the sale is up to your sales team, but by implementing a sound nurturing and scoring process, you have helped them by establishing a relationship and positioning your company as a leader with the prospect. The Tools Just as a nice haircut and a manicure prepare you for that first date, every marketer should prepare for that introduction. You’ll need easy to use tools to help you nurture leads, including email, landing pages, forms, and lead scoring: essentially, a lead management solution.

Send triggered emails
Send a series of emails as part of a drip marketing campaign, or triggered based on specific prospect activities. Each email offers a document (or webinar, or trial software, etc.) that helps move your target along in their decision-making process.

Use custom landing pages
Don’t forget that custom landing pages can increase conversion rates by up to 48% during your lead nurturing as well as your lead generation activities. You only have eight seconds to get their attention, so use bullets, short forms, and no external navigation. And have only one call to action!

Use smart forms
You will get better response rates by using a form as the call to action on your landing pages, but why use the same form with the same fields over and over? Just like you wouldn’t ask your date for his or her name every time you see them, you shouldn’t ask for contact information again and again. Smart forms recognize known visitors and can fill in the fields you already know. Since you don’t have to ask for this, ask for other info, such as company size, time until decision, etc. Building the profile over time will help you in scoring the lead.

Use web analysis and lead scoring
Knowing which pages your prospects visit on your site can be very beneficial to determining their interest as well as their level of engagement. Being able to connect anonymous visits to actual prospects? Priceless.

Automate and measure
Salesforce.com and other customer relationship management (CRM) products are great, but they typically fall flat in their marketing capabilities. As marketers we need to automate the everyday tasks of building and managing lead generation and lead nurturing campaigns. We also need to more objectively score leads according to their company demographics as well as their activities on our websites, landing pages, emails and other campaigns. And a single lead source doesn’t cut it when lead nurturing. It’s great to know where we first encountered the prospect, but knowing what happens between that first meeting and closing the sale is imperative in these days of marketing accountability.

Evaluate
As you move through the nurturing process, you’ll probably discover that some of the assumptions you made are incorrect; for instance, that downloading a particular white paper means that they are close to buying or that sending a particular email would elicit a good response. Don't forget that lead nurturing – and marketing in general – is constantly changing. You'll want to stay flexible and be ready to change your lead nurturing process as you experiment with new tactics and learn what works.

What are you doing to lessen the cycle from lead generation to conversion?


By Jennifer Pricci

The Loyalists Shall Take You To The Promised Land

Members pay an annual fee to belong to a retailer's loyalty program and they receive discounts on the retailer's most popular products, invitations to member-only events, and reward vouchers for reaching certain spending levels.

What other creative ways can this retailer reward its loyal customers?

Your customers are swimming in messages. And they’re being pursued by countless brands. How can you keep their attention, their time, and their dollar?

Gone are the days of a one-size-fits-all loyalty program. Building a creative campaign that your customers will respond to can only begin once you have a clear understanding of their buying motivations. By using real insights you can cultivate stronger relationships customers so your brand stands out. Ultimately your message motivates action… then your bottom line.

Depending on what inspires your customers craft programs which also meet your internal objectives along with actionable metrics for program refinement. More common loyalty program objectives include:

• Stimulate sales and improve gross margins
• Encourage purchase of new and better/best products
• Establish competitive differentiation
• Motivate employee performance
• Boost retention of high-value customers
• Build stronger long-term relationships
• Drive key behaviors

To understand what your customers truly value, conduct focus groups, one-on-one interviews and quantitative research. From this, determine the core elements needed to create a lasting relationship with your customers.

The mandatory requirements for an effective loyalty program are – Creative Conceptualization, Feasible Program Development, Systematic and Time Bound Program Execution and Measurement. 

Here are some proven loyalty concepts which can be customized to your customers buying motives:

• Club Cards (pay for membership for regular discounts, points programs, reward vouchers)
• Email Only Promotions
• Premium Shipping Clubs (for ecommerce)
• Subscriptions (asking customers to go steady and purchase product to be fulfilled at regular intervals)
• Service Extensions
• Recycling Programs
• Loyalty Affiliates
• Gift Reminder Service
• Value Propositions (Not loyalty per se, but extremely successful in customer retainment; think Zappos.com and their exceptional customer service)

Marketers are racing to keep up with customer expectations for personalized services and wnhancements, and well-designed loyalty programs are a tremendous opportunity to communicate directly with enticing offers that will keep customers coming back.

"The dogs on Main Street howl
'cause they understand
If I could take one moment into my hands
Mister I ain't a boy, no I'm a man
And I believe in a promised land"

- Bruce Springsteen

The Importance of Long-Tail Keywords

Those of you who have tried in vain for years to rank high for your head keyword of choice know what I am talking about. To those of you who are newly introduced to this wondrous world of SEO, I’ll say this: roll up your sleeves and prepare to wait. Or you can do the smart thing and just target long-tail keywords. You won’t have to deal with all that fierce competition for popular head keywords, and you will be a few steps closer to getting your site rank high.

It comes with one warning: the traffic volumes will be considerably lower than that from a head keyword.  But then, the probability of your ranking high for a head keyword is less than unlikely, so the traffic from that keyword will amount to, basically, nothing.

It’s a quantity vs. quality argument.  And when you do the math, you will find, the long-tailed keyword is the bird in the hand.

Consider this:

• Ease  When you try to rank for a head keyword, you essentially go into competition with millions of websites. And the odds of your ranking high for that term are very low. For example, if you try to rank for the head keyword “online learning” you’ll have to beat at least 36 million other sites to rank high. Instead, if you use a long-tail with niche terms relevant to your site, like, “online learning in South Carolina” the competition drastically drops to under three hundred thousand. And your odds of ranking high will improve too.
• Speed  Thanks to the diminished competition, you don’t have to spend nearly half your life optimizing your site and building links before you can see your site ranking high for long-tail keywords.
• Relevance  Since long-tail keywords are more often than not, specific strings of keywords with a niche term; the chances of then meeting the exact search needs of users are very high.  This aids the target marketing methods of your overall mix and ultimately drives…
• Conversion  The fact that search users will find sites targeting long-tail keywords more relevant contribute another point to chalk up in its favor. Reports attest to the fact that users with specific search queries know exactly what they are looking for and are more likely to turn into customers.
• Exposure  This is perhaps the least known advantage of targeting long-tail keywords. Using long tail keywords over a period of time will eventually help you rank higher for your head keywords as well. As your site gains authority and builds its trust quotient, the long-tail keywords will help provide enough targeted traffic and also enough ‘exposure’ to your head keywords that your attempt to target them alone won’t prove to be all that disastrous.

A great thing about targeting long-tail keywords is that you can play around with all the niche terms relevant to your site and try and rank for a series of long-tails. You don’t always have to target “online learning in South Carolina,” “online high school in South Carolina” can help send an entirely different set people swinging to your site. However, targeting keywords on your site alone won’t help you achieve all this, and I doubt if I have to reiterate the importance of building credible links with the right anchor test. Try to have your targeted keywords in as many incoming links (internal as well as external) as possible, combined with your on page optimization efforts, it will do wonders for your ranking.

What are some of your long-tail keyword success stories?