Too many marketers are stumped by this all-too-common conundrum: After working hard to obtain a steady stream of leads, conversion rates remain frustratingly low. On the journey from MQL to SQL, something is getting lost in translation. And, ultimately, if a lead doesn't convert, the ROI for your lead gen investment will be nonexistent. Your sales pipeline suffers, and your leadership team wants answers. What can be done?
When your team is doing all the right things to get leads but failing to convert, it may be tempting to simply blame the so-called quality of the leads. But, then, why do some marketers seem to have a knack for converting leads into customers? Many times, low conversion rates have less to do with the quality of the leads themselves, and more to do with how you’re following up on your leads.
We turned to four B2B marketing experts to learn their most effective, no-fail strategies on how to nurture leads in order to boost conversion rates. The commonalities were too hard to ignore. What follows is a list of eight habits all four marketers embrace when it comes to their methods for converting leads into customers.
4. Let your leads set the pace.
When a prospective buyer downloads your content to become a lead, that doesn’t necessarily mean they’re at the purchasing stage. Pansini cautions against being too aggressive right off the bat. Like McCullough and Collins, she views lead conversion as a process, not an event, so she and her team nurture leads with ongoing content offers.
Even while letting leads consume content at their own pace and not pushing sales on them before they’re ready, Pansini prioritizes staying in front of potential buyers with strategic content offers over the course of the entire sales cycle, which can often last for weeks or months. Her team wants their solution to be top of mind when a prospect is finally ready to make a purchase.
McCullough’s team utilizes the same strategy. In his words, “Don’t be a pest.” His team prioritizes providing value and being helpful, but not being overly sales-focused if the lead isn’t yet at that stage.
5. Create content for both ends of the funnel.
Pansini’s content team creates an engaging mix of content for buyers at both ends of the buyer's journey – those who are just beginning to investigate possible solutions to their challenges as well as those who are ready to make a purchase. Her team’s goal is to create content that builds trust, educates readers, and helps prospective buyers associate these solutions with her organization. That way, when a lead is ready to convert, Rocket Matter is the first solution that comes to mind.
Creating content for all stages of buyer readiness can also encourage leads to transition to the next stage of the buyer’s journey by providing the information necessary to make that next step. Buyers spend a considerable amount of time researching potential solutions to their challenges on their own. If your company is a source of the information that will help facilitate their investigation process, that puts you in an incredibly advantageous position once a lead is ready to make a purchase.
6. When creating content, focus most on providing value.
Jessica Veiga, Chief Marketing Officer at Botkeeper, is laser focused on leading with value at every touchpoint. Botkeeper provides automated bookkeeping support to accounting firms. Once her team understands the pain points their target audience is facing, they create and distribute relevant content offering new ideas and solutions.
7. Get more mileage out of your existing content.
Veiga believes in repurposing high-value content in a variety of formats and contexts to get the most mileage out of it. In Veiga’s opinion, there’s no need to reinvent the wheel for each new piece of content – She and her team prioritize getting the most out of existing content.
Veiga also believes one piece of content should lead seamlessly to the next. Her team may create individual blogs based on sections of an ebook or white paper. Content from the ebook and blogs may be repurposed into webinars that, in turn, create yet another touchpoint for attracting and converting leads.
Many marketers, Veiga said, produce tons of high-quality content that may not ever be seen by prospective buyers – it just goes to the blog to die. This is not an efficient strategy, and content teams are just spinning their wheels. By creating a few key, central pieces of content and repurposing them in strategic ways, marketers achieve two crucial things: They increase the likelihood of getting in front of and engaging their target audience, and they save their content team from getting bogged down in a relentless cycle of poorly-performing content.
8. Automate when possible.
When it comes to lead nurturing, many processes are repetitive. To increase efficiency, each of the four marketing pros uses marketing automation software, such as HubSpot or Marketo. Veiga explains that using marketing automation software allows her team to scale their marketing efforts significantly, while still personalizing outreach based on each prospective buyer’s topical interests.
Collins, too, makes sure that each new lead is placed into a nurturing stream based on their interests and individual needs. When a prospective buyer begins engaging with more sales-oriented content, such as case studies and reviews, it signals that the lead is closer to a purchase decision and ready to be followed up with by the sales team.
Lead conversion is a process
All four marketing pros, each with a successful track record of being able to convert leads into customers, share a similar philosophy in how they approach lead conversion: Lead conversion is a process, not a one-time event. In other words, getting a new lead is the beginning of the journey, not the end goal. Ultimately, a successful lead conversion strategy is a lead nurturing strategy. Having a well-planned, repeatable method to nurture incoming leads – and incorporating the best practices shared by our four marketing experts – will increase your conversion rates, as well as the ROI of your lead gen investment.
Lead Marvels specializes in helping B2B marketers build a pipeline of new, qualified leads by leveraging our partnerships with professional associations. Our unique platform also provides lead nurturing capabilities to help you move leads toward conversion right from our dashboard. To learn more about Lead Marvels’ lead generation and nurturing capabilities, schedule a demo today.