Thursday, April 28, 2016

Know the Importance of Lead Generation Process for your Business


For most businesses, regardless of the industry or the products and services being offered, Lead Generation is a critical component of a successful sales and marketing strategy. 

You have to remind your customers that you are existing, that your products and/or services are the solution to their problem, and that you are better than the competition. How do you do this? Form a strong relationship with each of your potential customers, and then by nurturing that relationship through various forms of consistent communication. 

The Importance of Lead Generation:-

Lead generation is undoubtedly an integral part of the overall sales process, but what is it, exactly, and why is it so important? Lead Generation is the process of generating excitement around specific products and services in order to bring potential new customers into the sales pipeline. This can be done by way of inbound or outbound marketing, each of which has its advantages and disadvantages, and so should be used in combination for the highest success rate. 

Inbound marketing is a less aggressive form of lead generation, which allows potential customers to find their way to information about your products and services, and encourages them to request additional information via a lead form or other method of capturing contact information for follow-up. Examples of inbound marketing include content marketing by way of blogging, e-books, whitepapers, email-marketing, social media marketing etc...

One advantage of using inbound marketing strategies is the ability to track performance as it occurs, which allows for tweaking campaigns in real-time. Inbound marketing also allows for developing a two-way relationship with your leads, which brings us to the next essential step in your marketing and sales strategy.

Outbound marketing is a somewhat invasive form of Lead Generation, and may not appeal to certain types of buyers, so it’s important to research your specific market before diving too heavily into this type of campaign. Examples of outbound marketing include cold-calling, face-to-face direct marketing, television, radio and print advertising. The disadvantages of outbound marketing are that it is difficult to measure, can be off-putting to certain buyer types, and can be quite costly with the potential for little return on investment.

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