Lead conversion Archives — Method CRM Software for QuickBooks Tue, 03 Dec 2024 21:46:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.method.me/wp-content/uploads/2020/03/methodM_on_blue360x360-150x150.png Lead conversion Archives — Method 32 32 The 7 best tools for automated lead generation https://www.method.me/blog/automated-lead-generation/ Thu, 24 Oct 2024 21:02:41 +0000 https://www.method.me/?p=31582 Discover the top 7 automated lead generation tools to fill your pipeline with high-quality leads and ensure long-term success.

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Running a company means wearing a lot of hats, and let’s be honest: your sales team really doesn’t need another time-consuming task. Lead generation is crucial for attracting new customers, but it often eats up a significant portion of your sales and marketing teams’ time. 

So, how can you automate something that, on the surface, seems to require a fair amount of human touch — without losing the quality of your generation efforts?

The answer lies in automating repetitive tasks with software platforms. Automated lead generation fills your pipeline with high-quality leads without manual effort, so your sales and marketing team can focus on what they do best — closing deals.

What is automated lead generation?

When you think about automation, do images of giant factories churning out cars made by robots come to mind? Well, car factories and automated lead generation have more in common than you think. 

Both let technology do the heavy lifting on repetitive, everyday tasks, leaving you free to concentrate on those irreplaceably human jobs, like directly interacting with customers

With lead generation automation tools, you can instantly collect email addresses from prospective customers and enter them into your sales funnel and beyond, all without lifting a finger.

These tools don’t just stop at collecting info, they help convert your prospects into qualified leads, too. All of this means you’ll reduce your marketing efforts and zero in on those potential leads that are more worthy of your time.

The 7 best lead automation tools for your business

Automation and AI are big buzzwords right now, so finding marketing automation platforms that aren’t just the original software with a generative AI bolted on can be difficult.

Luckily, we’ve done the research for you and found the 7 best and most functional automation tools to help your business. Let’s check them out.

1. Method

Method CRM is the #1 CRM and lead management tool for QuickBooks and Xero users. Capture and nurture leads with ease, and when they convert to sales, your accounting software updates automatically — no extra steps needed.  It helps businesses nurture and capture leads all the way from first contact to final payment. 

Pros

  • Unbeatable integration with QuickBooks and Xero.
  • Easy digital smart forms.
  • Online 24/7 self-service customer portals with integrated payment processing.
  • Sales and marketing automation tools like invoicing and follow-ups.
  • Robust third-party integrations with Zapier, Outlook, Google Workspace, and more.
  • Customizable to your workflows, with one hour of free customization consultation included.

Cons

  • Most suitable for businesses that use QuickBooks or Xero.
  • Only available in English.

Pricing

Method offers three pricing plans, billed annually or monthly:

  • Contact Management: $25 per user/month.
  • CRM Pro: $44 per user/month.
  • CRM Enterprise: $74 per user/month.

There is also a 14-day free trial available with no credit card required.

2. OptinMonster

A product shot of OptInMonster.

Image credit: OptInMonster

OptinMonster is a specialized platform that helps convert website visitors into high-quality leads with engaging pop-up messages and smart forms that capture contact details and boost conversions.

Pros

  • Very user-friendly design for creating opt-in forms.
  • Easy form creation with a drag-and-drop builder.
  • White label branding for your business.
  • Advanced targeting and triggers.
  • A/B testing and analytics to optimize campaigns.

Cons

  • Manual URL segmentation can be a hassle.
  • Limited customization of pop-ups and forms.
  • Pricing might stretch small business budgets.
  • Support response times can be slow.

Pricing

OptinMonster offers four pricing plans, billed monthly:

  • Basic: $21 per month for one site and up to 2,500 pageviews.
  • Plus: $57 per month for up to two sites and 10,000 pageviews.
  • Pro: $87 per month for up to three sites and 25,000 pageviews.
  • Growth: $147 per month for up to five sites and 100,000 pageviews.

There is no free trial available, but OptinMonster offers a 14-day money-back guarantee.

3. Leadfeeder

A promotional product shot of Leadfeeder, showing its integrations.

Image credit: Leadfeeder

The next top lead automation tool is Leadfeeder. It helps marketing teams keep better track of website visitors and uncovers B2B prospects who are showing interest in your business. 

Pros

  • Real-time insights into interested companies.
  • Smart lead prioritization with automatic scoring.
  • Tailored feeds to spotlight top prospects.
  • Comprehensive, high-volume tracking across channels.

Cons

  • High cost for smaller businesses.
  • Integration capability needs improvement with more popular tools.
  • Functionality is based on tracking cookies and IP addresses, limiting the ability to retarget.
  • Reports of unexpected subscription auto-renewals and unreliable support.

Pricing

Leadfeeder offers two pricing plans:

  • Free: Includes last 7 days of data only and up to 100 identified companies.
  • Paid: Starts at $165 per month and increases based on your amount of identified companies.

They also offer a 14-day free trial and a 40% discount on annual subscriptions.

4. Sprout Social

A product shot showing Sprout Social's feature set.

Image credit: Sprout Social

As one of the best social media marketing automation and enrichment tools available, Sprout Social simplifies content management across multiple platforms for marketing teams of various sizes.

Pros

  • Stronger insights into what’s popular with top-notch social listening tools.
  • Detailed reporting and analytics.
  • Easy team collaboration with user-friendly workflows.
  • Powerful scheduling features for optimal post timing.
  • Solid customer support.

Cons

  • Limited to 5 social media accounts on the standard plan.
  • Expensive add-ons required for advanced features.
  • Steep learning curve for new users.
  • Limited functionality for LinkedIn tagging and Instagram Reels scheduling.
  • Smaller businesses might be priced out of even simple plans.

Pricing

Sprout Social has four pricing plans available:

  • Standard: $249 per seat per month.
  • Professional: $399 per seat per month.
  • Advanced: $499 per seat per month.
  • Enterprise: Pricing available on request.

They also offer a 30-day free trial and a discount on annual subscriptions of up to 25%.

5. Mailchimp

A screenshot of the Campaigns window in Mailchimp

Image credit: Page Flows

Owned by Intuit, Mailchimp is best for sending automated marketing campaigns to email addresses. It can also provide detailed analysis and provide insights on how campaigns are progressing.

Pros

  • Very easy to use, set up, and integrate.
  • Automated data cleaning to keep your lead lists tidy.
  • Robust analytics for data-driven insights.
  • Solid integrations with other tools.
  • Wide range of customizable templates.

Cons

  • Lack of customization for emails, as it’s template-based.
  • Emails from Mailchimp servers can be classified as spam.
  • Pricing gets steep for larger lists.
  • Deliverability rates are sometimes inconsistent.
  • Customer support varies by plan and can be slow.

Pricing

Mailchimp’s pricing is based on the amount of contacts you need. It offers four base plans, which increase in cost as you add more contacts:

  • Free: Includes up to 500 contacts, with 1,000 sends per month.
  • Essentials: Starts at $13 per month for 500 contacts, with 5,000 sends per month.
  • Standard: Starts at $20 per month for 500 contacts, with 6,000 sends per month.
  • Premium: Starts at $350 per month for 10,000 contacrs, with 150,000 sends per month.

Mailchimp’s Essentials and Standard plans also offer a free month-long trial before you commit. 

6. Brevo (Formerly SendInBlue)

A product shot of Brevo (formerly Sendinblue)

Image credit: Brevo

Brevo, formerly known as Sendinblue, is a versatile tool for B2B and B2C marketing through automated email and SMS campaigns. It’s a powerful tool for converting prospective business customers into high-quality leads.

Pros

  • Integrates well with Shopify.
  • Easy to track campaign success anytime.
  • User-friendly interface that makes navigation easy.
  • Robust automation features to enhance marketing efforts.
  • Extensive multi-channel campaign options.

Cons

  • No design services available.
  • Reports can be lacking in detail, especially for less expensive plans.
  • Customer support can be slow and lacks live chat functionality.
  • Certain features can incur additional costs, such as SMS and WhatsApp campaigns.

Pricing

Brevo offers four pricing plans:

  • Free: Send 300 emails a day.
  • Starter: Starts at $9 per month, with 5,000 emails a month.
  • Business: Starts at $18 per month, with 5,000 emails a month and additional features.
  • Enterprise: Custom pricing available on request.

They also offer a 10% discount on annual subscriptions.

7. Marketo

A product shot of Adobe's Marketo.

Image credit: Adobe

Marketo Engage, now owned by Adobe, is a powerful marketing automation tool aimed at larger companies and enterprises. It excels in automated data analysis and lead scoring.

Pros

  • Easy setup despite its rich feature set.
  • Strong integrations with with SAP, Oracle, Salesforce, and NetSuite.
  • Lead scoring functionality to enhance targeting.
  • Comprehensive analytics for data-driven decisions.
  • Powerful marketing automation tools.

Cons

  • No built-in CRM limits direct customer management.
  • The landing page builder lacks advanced features.
  • High cost can be prohibitive for smaller businesses.
  • Customer support varies by plan and can be slow.

Pricing

Marketo Engage offers four pricing tiers based on required features and business volume. Specific custom pricing for each of these plans is available on request.

  • Growth: Up to 10 users.
  • Select: Up to 25 users.
  • Prime: Up to 25 users.
  • Ultimate: Up to 25 users.

While user limits stay mostly consistent as you upgrade your plan, you get access to more features and tools.

Stop spending your day sending emails, estimates, and invoices.

Examples of lead automation

Automation isn’t just a one-size-fits-all approach to lead generation — it’s got options. It all depends on exactly what efforts you’re willing to assign to the software, and what tasks will remain human.

Let’s take a look at some of those options.

Automated cold outreach

While some salespeople do legitimately love it, most people find cold calling to be soul-crushing. With automated email marketing campaigns, you can send hyper-personalized messages at scale, all while still making it feel like a human-on-human chat. 

Automation makes it all possible by using generation automation tools that tailor your outreach based on the ideal customer profile you have given it. 

AI chatbots

Are you tired of answering the same old questions over and over? Enter AI chatbot pop-ups.

These bots engage with the users on your site, automatically capturing their contact details. You can set them up to learn from and address those common questions and concerns that come in on a regular basis. 

Best of all, they can take on the role of salesperson and start turning curious visitors into prospective customers or even qualified leads.

Lead magnets with smart digital forms

Lead magnets are irresistible little freebies that offer up some valuable content hiding behind a smart digital form. Some examples include:

  • Ebooks.
  • Checklists.
  • Templates.
  • Webinars.
  • Quizzes.
  • Podcasts.

Lead magnets are powerful tools because once a prospective customer bites, you can automatically add them to a drip campaign that nurtures them into high-quality leads.

Personalized website experiences

Nothing in the world says “we understand you” like a website that’s completely personalized. A good example of automated lead generation is through dynamic landing pages that are customized to each potential customer’s needs or industry. 

Using automation to personalize experiences means your website itself is boosting engagement and moving them further down the sales funnel without you ever having to be there.

Automated ad campaigns

Ever had site visitors that just slipped through the cracks after a lengthy look around your site? Automated ad campaigns bring visitors back into your funnel with retargeted campaigns that follow them around. 

The result? Without any human involvement from the sales team, automation is giving them a second chance to say yes.

Lead tracking with a CRM

Forget about tracking every single lead manually. Let automated CRMs like Method handle it for you. 

CRMs organize your leads for more efficient generation efforts and keep your sales funnel clean by separating potential sales from paying customers. 

So, you can keep your customers’ financial data safe and accurate in QuickBooks, for example, while also using that information in your CRM data to nurture leads better and inform future sales.

Automatic lead scoring and segmentation

Marketing and sales teams know that not all leads are created equal. And if you’re tired of manually scoring and segmenting hot and cold leads, you’ll be glad to know automation has got this covered too.

These features automatically rank your leads based on their likelihood to convert, helping your team prioritize the high-quality leads first.

Lead prospecting on social media

You shouldn’t only limit your generation efforts to emails and paid ads. According to our research, 62.5% of the world now uses social media. Platforms like LinkedIn, Facebook, X (Twitter), YouTube, and Instagram are filled to the brim with prospective customers.

With so many platforms to cover, manually marketing every single one would be nearly impossible for smaller marketing teams. But with automation and the right generation tools, the leads from social media will keep rolling in. 

Need an easier way to keep your QuickBooks data up-to-date?

Benefits of automated lead generation

Most sales teams have felt the burn of frustration when one too many human errors let potential clients slip through the cracks and straight into the arms of competitors. 

Let’s take a look at the rest of the benefits.

Send every lead to the correct sales rep

Ever sent an individual customer to the dedicated B2B rep? Or a top-priority lead to the brand-new hire? Mistakes like these are not only signs of disorganization, but you can easily lose a prospective customer because of them.

With automated lead tracking and enrichment tools, leads won’t end up getting sent to the wrong sales rep ever again. This is because advanced algorithms and segmentation can route potential clients straight to the right team member, boosting the team’s productivity.

Personalize your lead experience

Your business isn’t generic, so why should your customers settle for boilerplate messages? With automation, you can segment your leads by important verticals like industry, demographic, or specific interests.

In a nutshell, automation dives deep into your ideal customer profile and sends personalized messages to the right prospective customers at exactly the right time.

Get a complete view of your leads

Want to know what makes your leads tick? Automated lead generation tools give you the complete lowdown on lead behaviour, including what is driving their decisions and what trends they’re following. 

This lets you spot trends far faster than the human eye and fine-tune your approach to push leads further down the sales funnel much easier.

Break down data silos

A marketing and sales team that works together is necessary in getting leads to close, so why aren’t your teams talking to each other? 

Automation connects your departments and makes sure your sales and marketing teams are always on the same page. More collaboration, far less chaos.

Improve your speed to lead

When it comes to potential customers, there’s a need for speed. Automated lead generation helps you handle those prospective customers faster, so you can respond while they’re still interested — and not when they’ve already forgotten your name.

Ensure consistent lead quality

Tired of wasting time sifting through junk leads? Automated lead generation keeps high-quality leads flowing steadily into your pipeline

Low-value leads are given less priority, cutting out the guesswork and saving your sales team a lot of time.

Grow and scale without a hitch

Scared of growing your business because of all the extra work and evolving needs? Scaling your business shouldn’t mean more work for your team. 

The processes that may have once worked when you were a smaller business are now not working anymore — but that’s a good sign, so don’t panic. Automation means you can grow your business without adding extra workload. 

Save time for your entire team by eliminating their repetitive, manual processes like creating invoices and sending emails. They’ll be able to contribute more to your business growth that way. 

Generate data-driven insights

With automation, your team grows smarter with every new lead — regardless of whether they convert. Tracking every single interaction with potential customers means ensuring more insights to draw from for future opportunities.

With so much information at your fingertips, your sales team can make data-driven decisions to improve success rates, and your marketing team can constantly improve and tweak their efforts.

Integrate with existing sales and marketing tools

Automated lead generation tools are powerful, but they can’t (and shouldn’t) operate in a vacuum. The best software developers design these automation tools to integrate and connect with your existing CRM and financial systems to make sure everything is running in sync.

Wrap-up: Choosing the right lead automation tool for your unique needs

Out of these seven automated lead generation tools, you’re bound to find the one that will make your generation efforts faster and far more effective. 

But if you’re a QuickBooks or Xero user looking for something that really handles it all — lead capture and management, communications, estimating and invoicing, and integrated payment processing  — Method CRM is your go-to.

It integrates perfectly with your existing QuickBooks or Xero financial systems, making it a dream solution for your sales, marketing, and financial teams.

Ready to delegate the repetitive work to technology? Method has you covered.

Try it free for 14 days.

Automated lead generation FAQs

What is AI lead generation?

AI lead generation uses artificial intelligence (AI) to find, qualify, and nurture all prospective customers for you. 

From intelligent chatbots that are barely indistinguishable from humans to AI-driven analysis of your hottest leads, it’s a hands-off way to keep your sales funnel full to the brim with high-quality leads.

What is the lead lifecycle?

The lead lifecycle is a journey that takes a curious stranger all the way to a loyal customer. 

The first stages of the cycle are when someone first shows interest in your business and its products and services, then moves through stages like lead nurturing, qualification, and finally, conversion.

What is automated lead capture vs. automated lead generation?

Automated lead capture grabs contact details from visitors to your website or social media platforms. There are a few ways that automated capture can accomplish this, including smart forms, chatbots, and sign-ups. 

Automated lead generation then takes those leads and moves them through the sales funnel with nurturing strategies like email campaigns and follow-ups. It scores each lead according to how likely they are to convert and then sends them to the appropriate sales rep for the human touch. 

Lead capture is often the very beginning of the lead generation process.

The post The 7 best tools for automated lead generation appeared first on Method.

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The top 25 lead generation strategies to set your sales up for success https://www.method.me/blog/lead-generation-strategies/ Wed, 16 Oct 2024 13:52:25 +0000 https://www.method.me/?p=31430 Get 25 lead generation strategies that drive sales success. Explore proven tactics to attract high-quality leads and boost conversions.

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Lead generation is building a list of prospective customers that could one day become actual buyers — and it all starts with the right strategy.

Nowadays, managing your time and keeping track of every single contact can make or break a sale. So, whether you’re running email campaigns or posting digital content, you need to have a clear plan to capture (and then nurture) those leads. 

The more organized your approach, the better your chances of guiding those leads straight through the funnel and onto a sale.

Keep reading for 25 lead generation strategies that will set you up for success.

What are lead generation strategies?

Lead generation strategies are the tactics you use to attract potential customers (your target audience) and turn them into high-quality leads (the kind that are ready to buy).

Think of these strategies as the process of navigating the sales funnel, from grabbing attention to closing the sale. They are usually only possible with a unified approach. Your marketing team draws them in, and your sales team gets them signed on the dotted line.

When both teams are working together in harmony, those leads have a much smoother journey through the sales funnel, setting you up for success.

Sick of missing invoices and other data in QuickBooks?

Your top 25 lead generation strategies to ensure conversions

Here are 25 of the best lead generation strategies to help you turn a “maybe” into a handshake:

1. Create quality content across several mediums

Your target audience craves valuable content, and that means mixing it up. Sticking to one medium or one type of campaign gets boring very quickly. For example, instead of pushing out blog post after blog post, you could also create infographics or tutorial videos.

The more variety in your content, the more likely you’ll capture a wider scope of leads. Using different medium types lets you appeal to different engagement styles. The result? You’ll build trust and see engagement soar.

2. Lean on your website and optimize for SEO

Your website isn’t just there for show or for the occasional hit on the “Contact us” button — it’s your 24/7 salesperson, a hub for marketing materials, and a source of truth for potential and existing customers. 

Naturally, you’re going to want to drive as much traffic to it as possible, and you do so by emphasizing a search engine optimization (SEO) strategy for your site. 

Create personalized landing pages for each of your buyer personas, and make it easy for visitors to know how to take the next step by adding clear calls to action (CTAs).

3. Use digital lead generation forms across your content

Whether it’s on blogs, videos, landing pages, or other site content, you can strategically embed smart lead forms in all your valuable content. These digital forms, known as web-to-lead forms, capture contact information like email addresses from customers when they’re most engaged. See an example below.

Method CRM Lead Gen Form

From there, you can send personalized email campaigns to the leads your website automatically captures. 

4. Publish and promote case studies

Don’t just tell — show. Your buyer success stories are one of the best ways to convert potential leads by showing what’s possible should they choose you.

Share these on your website and across your social media platforms to build up trust and credibility. For an example of a case study, check out this Method customer story.

5. Create an email marketing strategy

While we now see lots of paid digital marketing strategies like influencer marketing and pay-per-click ads spammed across Google, guess what? Email newsletters and marketing still work. 

In fact, email marketing attracts an ROI of $36 for every $1 spent. Sounds good, right?

Segment your audience and send targeted messages to really create and convert qualified leads.

6. Conduct paid advertising through PPC (pay-per-click) ads

Speaking of pay-per-click (PPC) ads, these are one of the fastest ways to get your message in front of your target audience. 

PPC ads generate traffic quickly and reliably. And best of all, you only pay if someone actually clicks. This means, unlike many marketing strategies, you’re not wasting precious budget on the gaze of uninterested eyes. 

The most common types of PPC ads include:

  • Search ads that appear on search engine results pages (SERPs).
  • Display ads shown on websites.
  • Social media ads on platforms like Facebook, Instagram, LinkedIn, etc.

7. Leverage social media

Remember that old saying, “If it’s free, then you’re the product”? Well, with social media platforms, users who share everything about their lives — from holiday plans to pictures of their food  — are the product. You can tap into their feeds with information on what you offer and convert them from visitors into leads.

As you already know so much about your potential customers, social media is the ultimate goldmine for reaching your ideal customer profile (ICP). 

Platforms like Instagram, Facebook, and TikTok let you showcase images and stories, and connect directly with your buyer persona. So post those insights, behind-the-scenes moments, and success stories to keep customers engaged. Not to mention, you can leverage paid ads on most platforms too.

8. Organize webinars to capture new leads

Want an opportunity to showcase your business and engage prospective customers? Webinars are the way to go. 

A webinar is an interactive online seminar or presentation that lets participants engage with the host and content in real time through videoconferencing technology. This means you can build trust and answer questions on the spot.

Webinars let you share valuable content and, most importantly, collect those contact details for qualified lead follow-ups. 

9. Host or attend events

Whether in person or online, industry events are filled with opportunities to connect with people who are likely to become new potential customers. You can even host your own events.

Networking in a space that is full of like-minded businesses and individuals helps your business build trust and show off its products — all of which are bound to generate some high-quality leads. 

10. Develop a referral program

Your salespeople are the best at selling your products or services, but coming in a close second are your happy customers. 

Encourage your customers (and employees) to refer others to your business and offer rewards like discounts and freebies for some extra motivation. 

It’s much cheaper than traditional marketing and will have a snowball effect of new potential leads coming your way in no time.

11. Employ a video marketing strategy

Your potential customers are more likely to engage with an exciting video than a huge wall of text. This is a chance for your marketing team to start getting creative with storytelling, fancy graphics, and of course some strategically placed CTAs for customer interaction.

The key to generating leads with videos is to keep them short, ideally between 15 and 30 seconds. In fact, 44% of consumers prefer to learn about products from short videos.

12. Use AI and automation tools

Do you want to save time and still nurture leads to the same degree as with manual marketing? AI and lead automation tools like Method CRM, OptinMonster, and Leadfeeder use generation techniques like automated follow-ups and email campaigns to do the heavy marketing and sales processes for you. 

So, not only do you bring in leads without additional effort, but you also get time back in your day to focus on other areas of your business.

Need an easier way to keep your QuickBooks data up-to-date?

13. Run retargeting and remarketing campaigns

It’s a sad fact of marketing that not every visitor converts the first time. The good news is that retargeting and remarketing can bring them back.

It’s important to distinguish between these two marketing terms:

  • Retargeting: Typically refers to serving targeted ads to users who have previously interacted with your website or brand. It primarily uses display ads on third-party websites to reach these users as they browse the internet.
  • Remarketing: Generally involves re-engaging existing customers or leads through direct communication channels like email. It focuses on nurturing relationships with people who have already interacted with your brand, often using personalized messaging based on their previous interactions.

These campaigns should target potential leads who have shown at least some interest, giving you another chance to win them over. 

14. Put on contests or giveaways

There’s one universal constant in business, and that’s that everyone loves free stuff. But giveaways shouldn’t be thought of as giving away your products (although that is definitely a part of it), but as getting some high-quality leads in return. 

Run giveaways that actually encourage engagement with your brand specifically, and make sure that all participants leave behind their contact details. It’s a win-win scenario: they get free stuff, and you get a shiny new list of leads.

15. Leverage CRM and sales data

Your customer relationship management (CRM) system is so much more than a glorified contacts list. It’s a source of truth for insights into your current customers. With a CRM, you can track every touchpoint, interaction, and transaction for all your contacts — whether they’re leads, customers, or vendors.

Analyze those sales statistics in your CRM and use the results to inform marketing decisions, like tailoring campaigns to diffent lead segments. Tools like Method let you quickly and easily:

  • Track every opportunity.
  • Create estimates and invoices.
  • Convert leads to Quickbooks as soon as they become paying customers.

Learn more about Method CRM in the video below.

16. Cold outreach (email and calling)

Believe it or not, cold outreach, whether by phone or through email, is still alive and kicking. Sure, conversion rates can be low (to the tune of 2%), but with the right script and some solid persistence, it can create a domino effect of incoming leads.

When combined with follow-ups, cold calling is still a great strategy for sales reps.

17. Influencer marketing

Influencers are individuals on social media with influence over a large audience, and digital natives and Gen Z absolutely trust them — in some cases even more than celebrity endorsements

If you partner with the right influencer, you’re likely to connect with prospective customers you might not even know you had. Influencers can: 

  • Introduce your brand.
  • Build credibility.
  • Ultimately drive purchases. 

18. Establish authority, expertise, and trust

Everyone knows that people buy from brands they trust — but what is the best way to build that trust?

Other than offering a standout product or service, one of your first tasks when establishing trust is to consistently deliver valuable content that is backed by original research and real testimonials. 

Keep your promises, and you’ll start to build long-lasting relationships with high-quality leads.

19. Network online and in person

Networking with fellow professionals in your field is still one of the best lead-generation techniques

Networks give your business an opportunity to have genuine conversations with both your target audience and big industry peers. Those relationships, if nurtured well, often lead to valuable business opportunities down the road.

20. Look at your competitors

It never hurts to analyze your competitors’ lead generation strategies to see what is and isn’t working for them. Study their tactics, uncover the gaps, and slot your business in to provide a better solution. 

21. Offer incentives

As we mentioned earlier, people love free stuff. But what if your product can’t really be given away for free? If your business is online, you can always offer free trials and demos or bundle in some free tools with your platform.

It’s the next best thing to free — try before you buy — and customers just love it and get hungry for more. Some other incentives you can offer include:

  • Promo codes.
  • Annual or bulk discounts.
  • Free consultations.

Incentives are the perfect way to get a hesitant customer off the fence and into your sales funnel.

22. Keep your messaging and positioning consistent

Your target audience should always know exactly what you’re about, so mixed messages are a big no-no. Keep it simple, keep it clear, and most of all, keep it consistent across your entire sales process.

Confusion is costly, but consistency? That’s how cold leads turn hot.

23. Create lead magnets

Sometimes, you have to give something to get something. Lead magnets like free guides, exclusive templates, or video tutorials can be irresistible bait for getting contact details. 

Start publishing these kinds of materials and you’ll see your email list grow faster than weeds on a warm spring day. Once you have their info, you can nurture them into those highly coveted qualified leads through targeted email campaigns. 

24. Try direct mail

Snail mail still works, and in a world full of cluttered inboxes and easily accessible unsubscribe buttons, a targeted, well-thought-out piece of physical mail is surprisingly fresh.

Reach out to prospective customers with something that they can hold in their hand and make them stop and take notice. It’s personal, tangible, and it’s much harder to ignore than an email.

25. Test and evolve your tactics

Just like everything in marketing, lead generation isn’t “set it and forget it.” Your marketing and sales team should constantly evaluate what worked and what didn’t (hint: software is great for this) and tweak their approach accordingly.

So, keep on evolving. Whether it’s new-generation techniques or fresh tactics dreamt up through an employee advocacy program, you must always keep your lead game sharp.

Online payments, automated leads, and customer management?

Lead generation strategies FAQs

What are the top lead generation tools?

Good lead generation comes from automated CRM and marketing tools like Method CRM for follow-ups and tracking leads, OptinMonster for lead capture through smart forms, and Leadfeeder for catching website visits. 

What are the differences between inbound and outbound lead generation?

Inbound lead generation is focused on attracting leads through content posting, SEO, and social media — in other words, letting them come to you.

Outbound lead generation involves actively reaching out to potential customers through methods such as email campaigns, cold calling, and pay-per-click ads.

One key difference between the two is that inbound leads are often softer and more long-term, whereas outbound leads are more direct and yield much quicker results.

How do I measure the success of my lead generation strategies?

Success can be measured via: 

  • Conversion rates.
  • Number of leads generated.
  • The quality of those leads (high-value vs. low-value).

Conversion rates are the percentage of leads that end up turning into paying customers.

Your number of leads generated tracks how many potential customers your business has attracted over a specific amount of time.

Quality of leads identifies high-value leads – or the leads that are likely to convert, vs. low-value leads – or the leads that have gone cold and are unlikely to get anywhere near a sale.  

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6 strategies to improve your lead-to-customer conversion rate and how to calculate it https://www.method.me/blog/lead-to-customer-conversion-rate/ Thu, 10 Oct 2024 19:51:11 +0000 https://www.method.me/?p=31400 Learn how to calculate your lead-to-customer conversion rate and why your business should track it. Plus, get 6 top strategies to improve it.

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If you found yourself in a room with 100 people, how many could you convince to buy your product? Your ability to turn leads into paying customers is the backbone of one of the most important key performance indicators (KPIs) in business.

So, what is the metric you should use to track this, and how do you calculate it? Keep reading to learn everything you need to know about your lead-to-customer conversion rate.

What is lead-to-customer conversion rate?

A lead-to-customer conversion rate indicates the percentage of leads that turn into paying customers. In simple terms, it measures the number of people expressing interest in your product who — through visiting your website or signing up for a trial, for instance — end up making a purchase.

How to calculate lead-to-customer conversion rate

To calculate your lead-to-customer conversion rate, you will need two key figures: 

  • The number of leads generated.
  • The number of those leads who converted to a paying customer.

These can represent your entire business, or you can break them down by things like marketing channel, product segment, or customer demographics to get more detailed information. 

Lead conversion rate formula

The formula looks like this:

Lead-to-customer conversion rate = (Number of customers / Number of leads) * 100%

Take the number of leads that converted to a paid customer, divide that by the total number of leads generated, and then multiply this answer by 100 in order to get your answer as a percentage.

Example case

For example, if your business generated 500 leads and 50 became customers, the conversion rate would be:

(50 / 500) * 100% = 10%

Why should you track your lead conversion rate?

Some marketing and sales teams forget that the ultimate goal of their efforts is to secure revenue, and instead focus on generating as many leads as possible. If those leads aren’t progressing through the sales funnel, they quickly become useless to you. 

Tracking your lead conversion rate is important for several reasons:

See how your marketing and sales efforts perform

If Marketing generates leads but Sales can’t close them, there’s an obvious mismatch. Your conversion rate is a key indicator of how effectively different teams collaborate, and whether there needs to be an adjustment. 

Maximize your return on investment (ROI)

Monitoring your conversion rate helps identify the most effective marketing channels, allowing you to allocate your budget wisely and enhance ROI.

Decrease your customer acquisition cost (CAC)

Getting customers is great — but they can’t be too costly. A high conversion rate means more customers per dollar spent on lead acquisition. It’s essential to reduce your cost of acquiring customers while maintaining a strong conversion rate for efficient business growth.

Identify gaps in your sales pipeline

You can use your conversion rate to help identify where you need to improve your sales funnel. This helps you pinpoint where leads are falling through the cracks and informs your strategy.

Inform your goals

When developing new marketing and sales strategies, your lead-to-customer conversion rate is often a “North Star metric” — one that aligns all efforts cross-departmentally. 

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Other helpful lead conversion metrics

While your lead-to-customer conversion rate provides critical information, there are other insightful metrics that you should be aware of:

Lead-to-opportunity conversion rate

Your lead-to-opportunity conversions track how many leads become sales opportunities. This conversion rate here helps you understand how well your team is qualifying leads, and can often be thought of as the leads that Marketing gives to Sales.

Lead-to-sale conversion rate

This metric gives you a strategic view of your overall sales performance by measuring how many actual sales you generated. One lead could result in multiple sales, making it a different metric than lead-to-customer. 

Lead-to-customer ratio

This ratio is similar to the lead-to-sale conversion rate and often used to identify the balance between lead generation and customer acquisition. Unlike lead-to-sale conversions, one lead can only result in one customer.

Cost per conversion

This is the end-to-end total cost of acquiring one customer, which helps you understand the financial impact of acquiring each lead. 

Conversion ROI

If your costs are too high, a conversion may not even be worth the resources you’ve spent to acquire it. Conversion ROI lets you see how valuable the lead-to-customer process is. 

Lead value

Your lead value determines the monetary value of each lead based on your average customer value and conversion rate.

Time to conversion

This metric tracks the time it takes for a lead to convert into a paying customer.

Sales cycle length

Similarly, sales cycle length measures the total time it takes from initial contact to closing a sale. This is more of an average or approximation than a specific and exact time-to-conversion metric.

Abandonment rate

This helps e-commerce businesses track when shoppers leave their carts before buying, offering key insights for retargeting campaigns.

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Average conversion rates by industry

Knowing the average conversion rates for your field helps you set realistic goals. For instance, the finance and education sectors often see 5-10%, while e-commerce and retail can be significantly lower. 

IndustryAverage Conversion Rate
E-commerce2.0%
Real Estate4.0%
Technology (Software)7.0%
Financial Services5.0%
Healthcare8.0%
Retail3.0%
Automotive6.0%
Travel and Hospitality4.5%
Education8.0%
Professional Services10.0%

Source: Alore

Stages of lead conversion

A sales pipeline consists of several stages guiding a lead from initial contact to final sale. Here’s a general framework common to most businesses:

1. Lead generation

Start by pinpointing potential customers and gathering their interests and demographics. Effective lead generation methods include SEO, content marketing, and paid ads to drive relevant traffic to your site.

2. Lead qualification

Determine if your product or service suits your potential customer’s needs, and whether they can afford (and have the authority) to purchase. Use lead scoring to prioritize high-quality leads likely to convert.

3. Lead nurturing

Personalize your communication to keep leads engaged. Build trust by addressing pain points and overcoming objections, setting the stage for conversion. 

4. Close the sale

When the lead is ready to buy, finalize the process by presenting quotes, negotiating terms, and completing the transaction. You should also handle any objections that come from each prospect.

5. Follow-up and retention

After closing the sale, make sure you follow up to deliver customer satisfaction. Happy customers are more likely to become repeat buyers or refer your business through word of mouth to others.

Online payments, automated leads, and customer management?

6 strategies to improve your lead-to-customer conversion rate

Improving your conversion rate requires intentional efforts across various parts of your sales process. Here are six proven strategies:

1. Build and optimize your website

Produce diverse, high-quality content such as text, videos, and infographics. Optimize your site for SEO with keyword research and include features like live chat or smart forms to capture leads efficiently. See an example of a lead capture form below.

Method CRM Lead Gen Form

2. Employ an advertising strategy

Test different advertising platforms and formats like pay-per-click (PPC) and social media ads. Use clear, compelling calls-to-action (CTAs) to encourage conversions.

3. Invest in email marketing

Automate campaigns with personalization and segment your email list to target specific audiences for greater impact. Use tracking codes to evaluate campaign success.

4. Talk to your existing customers

Don’t make decisions solely on numbers. Ask your customers: 

  • What they like about the product.
  • New ways they’ve used it.
  • Any issues they have. 

Leverage this feedback to refine your marketing strategies, targeting new customers with a more specific experience. 

5. Build a community

Boost conversion rates by engaging with your audience both online and offline. Social media and online channels target audiences effectively, while real-world events offer personal connections. You can even host your own events that fit within your industry or target audience.

6. Leverage technology

Research and try out different dedicated tools to make running your business easier. Customer relationship management (CRM) tools like Method can significantly improve your sales cycle. For example, you can increase lead conversion by: 

  • Tracking interactions.
  • Automating follow-ups.
  • Managing relationships. 

If you’re a QuickBooks or Xero user, Method is a no-brainer to drive growth and profitability without spending too much extra time or money to achieve results. Check out some of the things Method can do for your business in the video below.

Wrap-up: Improve your lead-to-customer conversion rate

Tracking your lead-to-customer conversion rate will show you exactly where things are going right and where things are going wrong. To calculate it for your business, you need your number of leads and number of paying customers in a given time period. From there, just divide your leads by your customers and multiply by 100%.

Ready to build up your lead-to-customer conversions? With Method, you can:

  • Centralize your lead management.
  • Automate follow-ups.
  • Keep your sales pipeline flowing smoothly.

The result? No more missed opportunities to turn leads into customers.

Try Method for free today.

Lead-to-customer conversion rate FAQs

What’s the difference between an inquiry and a lead?

An inquiry is specific expressed interest, like when a potential customer asks for more information about your product or service. A lead, however, is someone who meets specific criteria that indicates they could purchase your product. For example, maybe they’ve given you their contact details by signing up for your email newsletter.

What is a good lead conversion rate?

A good lead conversion rate typically ranges between 2% and 10%, but varies significantly across industries. 

How do I find a balance between lead quantity and lead quality?

Striking a balance between lead quantity and quality involves focusing on generating high-quality leads with a higher conversion potential, rather than solely increasing lead volume. It’s a good idea to implement lead scoring to prioritize leads based on their likelihood to purchase.

What are SQLs and MQLs?

Sales-qualified leads (SQLs) are vetted by your sales team and ready for direct sales engagement. Marketing-qualified leads (MQLs) have shown interest in your offering through actions like content downloads or webinar attendance but require further nurturing.

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The best way to convert leads into sales and increase profits https://www.method.me/blog/convert-leads-into-sales/ Tue, 08 Oct 2024 16:02:55 +0000 https://www.method.me/?p=31389 Is there a best way to convert leads into sales? Learn how to optimize your sales funnel and nurture leads more effectively in this blog.

The post The best way to convert leads into sales and increase profits appeared first on Method.

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At the core of every business, it all boils down to sales, doesn’t it? 

No matter how innovative your product or service is, how persuasive your marketing is, or how efficient your operations are, the true measure of success is profitability. And that’s where sales come in — the decisive factor that separates thriving businesses from struggling ones. 

You know that turning leads into sales is key to driving business growth. But what’s the most effective way to convert leads, and how can you refine your sales process to maximize revenue?

As a business owner, entrepreneur, or sales professional, you’re probably grappling with this question. You may have even already:

  • Invested in lead generation.
  • Honed your sales pitches.
  • Perfected your closing techniques. 

Yet, your conversion rate remains a nagging concern. 

In this article, you’ll uncover the fundamental principles of turning leads into sales, highlighting proven strategies, tactics, and tools to: 

  • Enhance your sales funnel.
  • Strengthen customer relationships.
  • Ultimately increase profits. 

Let’s jump in.

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What does it mean to convert leads into sales?

Leads are people or organizations who have expressed interest in what you’re selling. For some examples, they may have: 

  • Voluntarily shared their contact information with you through a form on your website.
  • Made inquiries over the phone.
  • Interacted with your business on social media platforms. 

Turning leads into sales means effectively persuading potential customers to choose your product or service. From there, the idea is to turn these prospects into loyal, paying customers. It’s the crucial step where interest is transformed into action, driving revenue and growth for your business.

Is there one single best way to convert leads into sales?

No, there isn’t one best way to convert leads into sales. The conversion process differs from business to business. However, a good tip to remember is that turning leads into sales generally requires a multi-level strategy that spans multiple channels and media using the best marketing and sales practices. 

Some effective strategies for converting leads into customers include:

  • Focusing on solving prospective customers’ problems. 
  • Creating engaging, visual, and educational content.
  • Using clear calls to action. 

Ultimately, the best approach combines a deep understanding of your leads with a robust sales process that nurtures and converts them effectively.

MQLs vs. SQLs: What’s the difference?

Marketing-qualified leads (MQLs) are leads who have shown interest in your business offerings by performing actions like: 

  • Downloading content.
  • Signing up for newsletters.
  • Engaging with your social media posts. 

However, they are not ready to buy from you because they are still in the “early awareness” stage of the buyer journey.

Sales-qualified leads (SQLs) are leads who have shown that they want to purchase from you. They may have: 

  • Requested a quote.
  • Scheduled a meeting with a sales rep.
  • Tried out product demos.

Your sales process, and ultimately your business, will benefit from a clear understanding of the difference between MQLs and SQLs, as they each require different nurture strategies. 

When dealing with MQLs, provide relevant content and engagement opportunities, and they can become SQLs over time. When dealing with SQLs, your sales team must approach them and encourage them to make the final buying decision. Read on to discover how you can turn sales-qualified leads into loyal customers. 

Stages of lead conversion and best practices

No two companies’ sales pipelines are the same. You’ve got to define yours clearly to see how leads move down the funnel. Here’s a broad framework that describes most businesses’ pipelines.

1. Lead generation

This is the first step in your sales pipeline. It’s where you prospect and capture the right leads. Prospecting refers to activities aimed at identifying, researching, and engaging potential customers who may be interested in your product or service. Its goal is to fill your sales pipeline with potential customers. 

Traditionally, prospecting relied heavily on cold calling the target audience. However, an effective lead generation strategy today should incorporate a variety of strategic activities, such as: 

  • Relevant content creation.
  • Marketing automation.
  • Targeted outreach on various platforms. 

Capturing is where you convert interested prospects into leads. Common ways of doing this include collecting contact information (like email and phone number) through marketing strategies like:

  • Encouraging sign-ups (newsletters, free trials, etc.). 
  • Offering valuable gated resources (eBooks, webinars, etc.). 
  • Creating engaging experiences (events, contests, etc.).

See an example of how you can capture leads on your website below.

Method CRM Lead Gen Form

The fate of your lead generation strategy rests solely on targeting and capturing the right market and understanding your customers’ needs. 

2. Lead qualification

Lead qualification is evaluating generated leads based on their likelihood to purchase your product or service. This stage answers a simple yet crucial question: is this lead worth pursuing? If you get this answer right, you’ll prevent your business from wasting resources on prospects unlikely to convert. 

Also known as the “needs analysis” stage, this is where you determine if your product or service solves the pain points of each lead and if they can pay for it. To get the most out of this process, it’s essential to segment leads by:

  • Industry. 
  • Demographics. 
  • Company Size. 
  • Behaviour. 
  • Firmographics.

With proper segmentation in place, you can:

  • Develop customized messaging. 
  • Focus on high-potential leads. 
  • Use lead scoring (a point system) to prioritize leads. 

With this strategic approach, business owners can save resources while improving customer engagement and increasing conversion rates.

3. Lead nurturing

Now that you’ve determined the leads worth pursuing, it’s time to nurture them. Lead nurturing involves engaging with leads, addressing their pain points, and providing them with personalized interactions in line with their needs and interests.

If your lead is part of an organization, you want to first identify the key business decision-makers and address them directly to cut out the middleman. Then, find out your lead’s preferred communication method (face-to-face, email, phone calls, Slack, WhatsApp, etc.) and establish contact. 

These tips can kick your lead nurturing process up a notch:

  • Make it a conversation — a sales pitch can be off-putting.
  • Offer relevant value propositions to show your leads you’ve done your homework.
  • Weigh client perceptions against reality and handle any objections that come up.
  • Be clear about what action you want your lead to take.

4. Closing the sale

You’ve nurtured your leads and built trust, and they’re ready to buy. Now it’s time to seal the deal! Keep these key points in mind:

  • Provide a clear, concise quote outlining:
    • Product/service details.
    • Pricing and payment terms.
    • Delivery timelines.
    • Any warranties or guarantees.
  • Finalize and agree on the details with the customer.
  • Deliver high-quality products or services.
  • Create FOMO (fear of missing out) and a sense of urgency.
  • Make opt-ins and purchases easy.
  • Make payment terms clear and use reliable payment processing.

5. Follow-up and retention

Sealing the deal might leave you feeling your job is done, but it isn’t. You want to start a dialogue with your leads as soon as they convert. As a part of this conversation:

  • Make sure they are happy with their purchase.
  • Address concerns or issues.
  • Offer support and resources.
  • Collect feedback and insights.

With CRM platforms like Method, you can automate follow-ups to ensure you’re always engaging with customers — without having to spend too much time on them.

Creating a follow-up activity in Method CRM.

As each customer relationship develops, it’s a good practice to identify complementary products or services you can upsell or cross-sell to enhance their experience.

Finally, measure performance using reporting and analytics to track metrics like:

  • Customer retention rates.
  • Satisfaction scores.
  • Upsell/cross-sell success.
  • Return on investment (ROI).

Stop spending your day sending emails, estimates, and invoices.

Technical strategies for how to convert a lead into a sale

Lead generation and conversion rely on a combination of factors, not just one magic solution. Think of it as adjusting various levers to fine-tune your sales machine. Here are some levers you can pull to get your conversion ratio up:

Build and optimize your website

Your website is often the first impression potential customers have of your business. To make it count, start by crafting a solid SEO strategy. This isn’t just about stuffing keywords — it’s about creating a smooth user experience that search engines will love, too. Use thorough keyword research to identify what your customers are searching for. This will inform your content creation and ensure you’re speaking their language.

But SEO is just the beginning. To truly improve your website’s performance, you need to test and refine it. Run A/B tests to compare different versions of pages, CTAs, and content. This will help you identify what resonates with your audience and what doesn’t. Use data-driven insights to inform design and content decisions.

Another crucial element is an effective FAQ page. This goes beyond providing responses to common questions, as it’s about showcasing your expertise and building trust. Use research and clear, concise language to address customer concerns, and you will be converting visitors into leads in no time.

Develop your content marketing

Content marketing is the unsung hero of lead generation. It can help you build trust, establish authority, and attract potential customers through valuable, relevant content.

Start by using your SEO strategy to inform your content creation. Use keyword research to identify gaps in the market and craft content that resonates with your target audience. Produce high-quality, engaging content that addresses their pain points and interests.

Educate and inform with blog posts, exploring topics such as:

  • Industry trends and insights.
  • Problem-solving guides.
  • Thought leadership pieces.
  • Success stories and case studies.

But don’t stop at written content. Explore different mediums to reach your audience, such as:

  • Video: Explainers, tutorials, and testimonials.
  • Long-form content: E-books, whitepapers, and guides.
  • Live webinars: Interactive sessions and Q&A.
  • Podcasts: Interviews and industry discussions.
  • Social media: Snippets, stories, and behind-the-scenes.

Social proof is powerful. What others are saying about you and your business can help you attract more leads. Share positive customer testimonials, reviews, and ratings to build credibility and trust. 

Invest in advertising

Advertising can boost your lead-generation efforts. When deciding how to advertise, consider digital and local options. If your business type allows for it, a blend of both would be ideal. 

Behavioral ad campaigns

To get the most returns on your digital advertising investment, run behavioral campaigns, which target individuals based on their actions and behaviors online, such as:

  • Search history.
  • Page visits.
  • Abandoned carts.
  • Product interests.

With this approach, your ads can reach high-intent prospects and increase your chances of converting leads to sales.

PPC

Similarly, conducting PPC (pay-per-click) keyword research can contribute to boosting your conversion metrics. It helps you to:

  • Identify relevant search terms.
  • Create targeted ad groups.
  • Improve ad copy and landing pages.

Retargeting

Finally, another form of online advertising you should use is retargeting ads. These ads target users who have previously interacted with your brand but haven’t yet converted. With retargeting ads, you can remind them of your brand and encourage them to revisit your website or complete a desired action. That way, you’re more likely to: 

  • Increase conversions.
  • Improve brand recall.
  • Enhance customer engagement.
  • Get a better ROI compared to traditional advertising.

Whichever advertising you choose to invest in, use clear and concise calls-to-action (CTAs) in your ad copy to drive action and conversions.

Optimize your lead-scoring model

Lead scoring is a dynamic process, not a one-time setup. To maximize its effectiveness, continually refine, build upon, and reevaluate your lead-scoring model.

Your ideal customer profile (ICP) can evolve as your business grows. Market trends shift, customer needs change, and your value proposition must change too. Regularly reassess your lead-scoring criteria to ensure alignment with your updated ICP.

Here are a few questions you must ask regularly about your lead-scoring approach:

  • Are we scoring leads based on relevant behaviors?
  • Are our thresholds too lenient or too strict?
  • Are we prioritizing the right demographics?
  • Are we neglecting crucial qualification factors?

Your answers to these questions will give you data and insights for refining your lead-scoring model and improving your conversion strategies.

Employ an email marketing strategy

Email marketing remains an effective channel for lead nurturing and conversion. To maximize its potential, start by choosing the right email marketing tool for your business, such as:

  • Method.
  • Mailchimp.
  • ActiveCampaign.
Email Campaign Review and Send Screen

These tools offer features like:

  • Contact management and segmentation.
  • Automation workflows and triggers.
  • Email builders and templates.
  • Performance tracking and analytics.

If you want to get the best results from your email campaigns, remember to use tracking codes to:

  • Monitor open rates, clicks, and conversions.
  • Identify top-performing subject lines and content.
  • Segment audiences based on behavior and preferences.
  • Refine targeting and personalization.

Build a social media presence

Social media is a powerhouse for lead generation and brand awareness because of the sheer number of users and how much time they spend on those platforms. If you want to tap into its potential, you must approach it strategically.

For starters, identify the right channels based on your buyer persona. Each platform is most suited to different audience profiles and marketing content:

  • LinkedIn for B2B connections and industry insights.
  • Facebook for broad reach and targeted advertising.
  • Twitter for real-time engagement and news.
  • Instagram for visual storytelling and influencer marketing.
  • YouTube for long-form content and educational videos.

Whichever platforms you decide to use, here are a few strategies you can use:

  • Create content calendars for consistent posting.
  • Design engagement campaigns to spark conversations.
  • Partner with influencers to expand reach.
  • Use paid advertising for targeted lead generation.
  • Track for performance optimization with analytics.

Make phone calls

Sometimes, the most effective way to connect with a lead is through a simple phone call. If you have a phone number in your lead records, consider reaching out.

While cold calling success rates only average, according to our research, around 2%, it can yield significantly better results as part of a targeted outreach to warm leads. Done right, it can also create a domino effect of word-of-mouth referrals. 

Phone calls offer a personal touch, letting you:

  • Build rapport and establish trust.
  • Address concerns and answer questions.
  • Provide personalized solutions.
  • Move leads closer to conversion.

Also, pay attention to your leads’ preferences. Some may prefer to speak to you or your team directly. In such cases, a call might be the only way to nudge them forward in their customer journey.

Try out influencer marketing

Another way to boost your conversion is through influencer marketing. This lets you promote your brand by tapping into the credibility and reach of experts and leading voices in your industry or community. 

Here are two major types of influencers you can partner with:

  • Macro-influencers: Established thought leaders with large followings (typically 100,000+), often across multiple industries. They are often costly but have significant influence and recognition.
  • Micro-influencers: Niche experts with smaller, highly engaged audiences (typically 1,000-100,000). They offer authenticity and targeted reach, as well as more affordability.

Influencers give your brand access to an audience base who already trusts them. Some of this trust will be transferred to your brand simply because you associate with the influencer. 

That’s why it’s important to select influencers that:

  • Are aligned with your brand values and target audience.
  • Have high engagement rates and good content quality.
  • Are relevant to your industry or niche.
  • Have positive reviews from past collaborations.

Network to make partnerships and build community

Networking is also a powerful way how to convert a lead into a sale. With it, you can: 

  • Expand your reach.
  • Foster collaborations.
  • Establish thought leadership. 

Connect with fellow industry professionals on social media platforms like LinkedIn to build meaningful relationships. Online forums are another digital option for demonstrating your expertise to your target audience. 

You may also want to seek out and attend local events in your niche, both online and offline. You can even go a step further to create your own events and community. Just try to work with others in your field while at it.

Leverage software

Thanks to technology, you can do almost everything faster and better, including converting leads to sales. You can tap into that technological advantage with CRM, AI, and automation tools, for example. 

With such tools, your sales team can build their lead lists faster by automating lead collection with digital forms. They can also track and manage leads and send follow-ups all in one software, like in Method. 

Top tips for turning leads into sales

The more, the merrier

In lead generation, rejection is inevitable. In fact, 80% of new leads never translate into sales. So don’t feel dejected when the majority say no — every “no” brings you closer to a “yes.” 

Remember, every conversion is a win, regardless of how small it may seem. The key to success lies in diversification and persistence. The more strategies you use and invest in, the greater your results will be.

Offer expert advice

Building trust with potential customers requires more than just a sales pitch. Don’t think only in terms of sales. Instead, offer free advice and assistance to establish your expertise and authority. Wow your audience by offering:

  • Expert advice and guidance.
  • Exclusive resources and informative guides.
  • Personalized solutions to common problems.
  • Responsive engagement on social media.

While at it, demonstrate your understanding of customers’ needs and show your product or service’s value.

Have your sales and marketing teams work together

Even if you have your sales and marketing teams operating separately, their ultimate goal is the same: driving revenue growth. Too many leads may slip away during hand-offs if both teams don’t work together to achieve the goal. To prevent this, get rid of silos across your business and let ideas flow across the organization.

Respond in a timely manner

When leads reach out, timing is crucial. Promptly responding to their questions and inquiries not only makes them feel valued, but also enhances the perception of your customer service.

Offer specials, discounts, and freebies

Let’s face it — everyone loves a good deal! Offering specials, discounts, and freebies is an effective way to capture attention, build excitement, and spur leads to act. For example, you can offer a discount code or a two-week free trial of your product or service. You can also offer seasonal promotions to take advantage of regular holidays and festivities.

Use appealing calls-to-action (CTAs)

A well-crafted call-to-action (CTA) can make all the difference in converting leads. Effective CTAs combine clarity, conciseness, and active language to prompt action. While you’re at it, use “you”-centric language to put the reader first. 

For example, instead of saying “Click here,” you might consider “Start your free trial today.”

In addition, be sure the lead is ready before asking for an action, or you might lose them altogether.

Use visuals

In today’s visually driven world, a wall of text will get you nowhere. You want to break up content with engaging images, videos, and graphics to capture attention and convey your message.

Listen to your unhappy customers

Negative feedback isn’t always all bad. Don’t ignore or skip over them. Unhappy customers can give you valuable insights into strengthening your sales process. Even negative reviews can help you grow, evolve, and address issues with your product or service.

Online payments, automated leads, and customer management?

Best way to convert leads into sales FAQs

What is a sales funnel?

A sales funnel is a model that represents the journey a potential customer goes through, from their first interaction with a company to the final purchase. 

What is the difference between prospect stages and pipeline stages?

Prospect stages refer to the early phases where potential customers are identified and their interest is gauged. Conversely, pipeline stages refer to the entire sales process, detailing each step from initial contact through to the closing of a sale.

What is a good lead conversion rate?

A good conversion rate varies by industry and specific business goals. Average conversion rates are between 2% to 5%, while anything above 5% could be seen as strong performance.

Ready to turn more leads into sales without the extra effort? Try Method free for 14 days.

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