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An Interview with one of the "50 Most Influential Sales Lead Management Professionals":
Fred Yee, Active Conversion

 

Company URL
http://www.ActiveConversion.com
Who are your mentors and why?
Jim Estill (RIM director) - time management and leadership advice.
Arthur Wong (Right90) - startup business experience and capital formation.
What is the most helpful advice you've received to improve your business?
Fail often, fail fast, and fail cheap.
What is the most helpful advice you can give to help others improve their businesses?
Hire the best you can, who hopefully are smarter than you!
How do you give back to the professional community?

Sponsor books and newsletters on the topic of sales and marketing. Being a member of many LinkedIn groups that I contribute to.

Contribute comments on groups and blogs.

We have blogs and eHowTo guides on lead scoring, nurturing etc. that we provide free of charge.

What is your favorite business book?
Think and Grow Rich by Napoleon Hill
What's your recommendation of the 4 steps?

 

Which 4 basic skills or process steps do you recommend?

With regards to Sales Lead Management:

  1. Generate leads and know how you got them.
  2. Nurture those leads, and use tools to get them sales-ready.
  3. Qualify the leads, and use territory management to ensure the most appropriate sales exec is on it.
  4. Understand your sales funnel completely so thatyou know where the problems are.
In your opinion, the best book on marketing is:
Positioning - by Al Ries and Jack Trout
Your reasons for choosing this book are:
It's a timeless book that convinces the reader that there is a buyer for every product, as long as you can occupy the right space. Obvious to understand, yet very difficult to attain.
What would you say to someone who asks what to do first in managing sales leads?

They should understand their sales process, and their funnel. Then they should understand how their sales force operates. They should also see how marketing (and sales) are generating the leads, and determine if they are worthwhile.

Before managing leads a person should know:

  1. Are they any good?
  2. Can the sale close?
  3. Are there any operational issues that can be corrected that are keeping the leads from reaching the end of the sales cycle?
If someone wants to nurture sales inquiries what process would you recommend?

I'm biased, but a lead management automation system should be put into place (along with a CRM) to ensure sales and marketing alignment. With this in place, nurturing becomes automatic, and the payoff can be tied to the nurturing.

What steps would you suggest to measure the ROI for sales inquiries?

Again, the use of a lead management automation solution (LMA). A good LMA should be able to help determine the cost per lead, ROI on leads etc. And then use the KISS principle. Keep it simple stupid. The objective is know the approximate ROI, so that you know what works, and what doesn't. It's not necessary to measure it to the penny.


About the Sales Lead Management Association
The mission of the Sales Lead Management AssociationSM is to help companies become successful in the critical business process of managing sales leads.  For more information call Sue Campanale at 714-637-6989.

 

Fred Yee
Years in Sales
Lead Management: 10

Active Conversion

 

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