Fight The Recession: How to Get More Leads for Your Business?
The current economic climate has made it challenging for companies to get more leads and keep a steady ROI.
Specifically, the cost of living crisis has affected consumers in four key areas, which include the unemployment rate, change in consumer salary, as well as interest and tax rates. During this time, most people are more likely to stop spending money and focus on saving.
Although the economy is facing challenges, as a business owner, your primary focus should always be on making sure your company’s ROI is increasing. At the same time, you have to ensure that you’re doing all you can to prepare for an inevitable economic downturn as well.
This economic climate is not ideal for businesses to grow, however even during a recession you can make sure your company is flourishing by applying the following lead generation techniques and staying up to date with the latest trends.
How to get more leads for your business?
The first and most important step is to dedicate some time to identifying your business’s target market and its needs. What this means is that by understanding the needs and wants of your potential customers, your company can more easily create effective marketing campaigns that include the right information, which will ultimately increase overall sales.
Keep in mind that it is equally important to not only get more leads for your business but also develop and cultivate deeper relationships with your new and existing customers. It’s exactly the sense of trust that will make your company stand out and pave the way for future growth.
What is a qualified lead?
Put simply, a lead is a person who has shown interest in a business’ services but is not yet ready to make a purchase.
Specifically, leads are potential customers at the initial stage of their journey: they are interested in learning more about your business, they engage with your content, and respond well to your CTAs.
Why is lead generation important?
The digital world has had a tremendous impact on consumerism and how we conduct business. This means that nowadays product information is available and easily accessible to potential customers, and their decision on whether they want to proceed or not is made in seconds.
This is why a strategic lead generation process is highly important for your business. Taking advantage of online platforms, search engines, social media, and other online channels will get you in touch with the right target audience who are genuinely interested to interact with your business, build a relationship and become loyal customers.
In particular, this immense pool of information online signifies that people are no longer interested in a traditional sales pitch that is not tailored to their needs; it might even have a negative impact, resulting in them being pushed away and ruining your brand’s reputation.
This is why modern business owners need to focus on how to get more high-quality leads by establishing a strong online presence and using inbound marketing techniques to communicate directly with their buying personas.
What methods can you use to generate more leads for your business?
The majority of businesses apply various marketing techniques for lead generation rather than depending on a single one. This enables them to reach a bigger target audience at a different stage of their buying journey.
These methods include:
- Inbound Marketing
- Outbound marketing
- Sales and marketing alignment
Inbound marketing for lead generation
Inbound marketing strategies play an essential role in the lead generation process, simply because it ignites an interest in your company through different types of content, such as blogs, videos, ebooks, infographics, and other informational pieces.
These different types of content can then be promoted to potential clients using search engine optimization techniques (SEO), pay-per-click advertising (PPC), and social media among others.
Outbound marketing for lead generation
Although outbound marketing strategies have now become less relevant due to the Internet dramatically changing our consumer behavior, they can be powerful when used along with inbound marketing strategies.
The combination of the two is proven to be effective since it allows businesses to reach even more customers through different types of marketing campaigns, such as email marketing, event marketing, display ads, and content sharing.
A simple example of an outbound marketing strategy to get more leads for your business is creating an event in order to share your brand and increase awareness among people who are interested in your services and build personal relationships with them by engaging, answering their questions, and offering a pleasant customer experience.
Sales and marketing alignment for lead generation
This refers to a mutual agreement between both teams of a company, sales, and marketing teams, which share the same goals and business objectives. In particular, both parties agree to deliver an excellent customer journey, which will boost ROI and will in the long run result in generating more leads.
The key benefit of this approach is its strategic and shared vision, which allows business employees to work towards the same goal. Adopting a big-picture attitude will ensure that your company delivers on its marketing promises and keeps its customers happy.
Rules to remember if you want to get more leads for your business
To quickly summarise, here are the main rules to remember when working towards getting more leads for your business:
- Do your research and identify your buying persona
- Create tailored, personalized online content for your potential customers
- Establish a trusting relationship with your target audience
- Be social; network online or through physical events
- Don’t exclude outbound marketing techniques from your campaigns
- Offer a unique customer experience
- Be patient!
How can I get started in lead generation?
Since getting more leads for your business can be more challenging than it sounds, especially if you are not online savvy, an external marketing consultant can be incredibly helpful in getting started.
There are many agencies that deliver lead generation services, so do your research and make sure to work with professionals that have a proven track record and will work with you along the way.
About the Author: Fiorela Imerai is an SEO strategist at The Brains, specializing in digital account management & Digital PR, SEO, and technical optimization for SMEs across the U.K for different industries.