You've spent a great
deal of time, effort and money putting together your business-to-business sales lead generation programs. But how you
handle the leads once you get them will make the difference between
a happy sales team and new customers, on the one hand, or an unhappy
sales team and lost sales on the other.
Here are six key
questions to determine if you have the best chance of being
successful with your sales lead programs, and a checklist to help
ensure it:
1.
Are
you prepared to send requested information immediately? Prospects
have their own agendas and timelines, so you need to be efficient,
and strike while you have the opportunity. Timing of your
inquiry-handling processes are of paramount importance. You need to
respond to inquiries quickly — the faster, the better. Here are some
recommendations:
-
Know
in advance what to send in response to different types of inquiries.
-
Have
electronic versions of your collateral material ready for those who
want the information by e-mail or via downloads from your Web site.
-
Keep
on hand adequate supplies of printed materials, in addition to
e-versions, for those who prefer them.
-
Prepare people, systems and processes to get the requested
information out the door ASAP.
2.
Are
you prepared to capture all inquiries in a database for ongoing lead nurturing and qualification efforts? B-to-B companies with
marketing databases can track and measure results quickly and
accurately. Also, because database marketing programs enable you to
talk directly to your targeted audience, you get a higher return on
your marketing investments and can scale back on overall lead
generation activities. And image and brand building messages can
come along free for the ride. Therefore ...
- Have
your database ready to go.
-
Make
sure your data-entry people are ready to input all inquirers into
the database.
3.
Do you
have a universal, agreed-to definition of what a qualified sales lead is before sending names to your
salespeople, reps, dealers or distributors? When everyone —
marketing, sales and management —agrees on what constitutes a
qualified sales lead, marketing stands a better chance of generating
leads that will be valuable to salespeople and getting those leads
followed-up and closed. Thus ...
-
Consult with sales management on the questions to ask that will
identify which leads are qualified.
-
Have
proactive programs in place to contact and qualify your leads.
4.
Do you
have a process in place for distributing qualified leads to sales?
Leads aren't any good unless you get them into the right hands
quickly. So ...
- Try to
eliminate time-wasting bottlenecks in your lead distribution
process.
-
Make
the lead-distribution process easily accessible for salespeople,
reps, dealers and distributors. For example, consider making leads
available over the Internet or company intranet.
- Integrate this process with your existing CRM or e-mail systems.
5. Do you
have a sales lead development program in place to nurture or cultivate
your not-yet-qualified
leads? Salespeople generally focus on those one-in-four sales leads
who are ready to buy soon. However, research shows that three out of
every four sales come from the longer-term prospects who are
frequently ignored by sales. In this case …
-
Establish a marketing-driven prospect-relationship program to keep
in touch with these longer-term folks. You can use e-mail, fax, mail
and phone until you discern they're ready for quick sales attention.
- Determine the messages you'll send as part of your
prospect-relationship management program.
- Consider the frequency of contacting these prospects.
- Have
some well-chosen offers on hand to further identify prospects'
needs, and move them closer to a sale.
6.
Do you
have a program in place to measure and track the results of your
various sales-lead generation, cultivation and sales follow-up
programs? If you can pin down your successes in inceasing win rates
and incremental sales and cutting marketing costs or increasing marketing ROI, senior management will no longer doubt
marketing's contribution to the company's success. Therefore ...
- Determine your cost per lead, cost per qualified lead and cost per
sale
- Know
which lead programs generate the highest return on investment.
- Identify which nurturing techniques worked and which didn't.
- Measure how your lead-generation programs are paying off in
increased sales and market share.
Never lose sight of
the importance of your sales lead generation and development
processes. Leads are the life blood of your sales organization, so
always remember to keep your lead program as healthy as possible.
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