No matter what business you are in, every organization must reach new customers in order to thrive. Any company that fails to reach new markets and capture new revenue is at risk of losing to the competition. This is a fundamental truism that has been the challenge of businesses and marketing pros for generations.
But modern day marketing initiatives and lead-generation campaigns are changing fast. With the rise of new online and social media techniques, old-school approaches no longer make the grade. Researchers tell us that the average consumer is hit with over 5,000 marketing messages every day. As a result, marketers need to find new ways to generate leads, reach new buyers and get heard through the noise. Here are four best practices to consider as you map your strategy.
#1 Know Your Audience
It can be difficult to craft the right message if you don’t know much about your audience. Start with demographic data, but look at psychographic information as well – what are the values, opinions, attitudes, and interests of your best customers? From there you can understand the offers and message platforms that will resonate with these prospects and deliver greater return on your lead generation efforts.
#2 Content is King
Content marketing is the hottest trend in marketing today and if you are not paying attention you can bet that your competition is. Content is important because the internet, social and mobile technology has changed how most customers buy – they don’t call the company, they go online and research for themselves. Marketers must fill the gap with customers by providing educational and pointed content that is designed to influence the early stages of their buying process.
#3 Test, Tweak and Test Again
Even the most well-planned lead generation campaign can miss the mark the first time around. So it is important to test, tweak and test again in order to be effective long-term. One way to do that is to select a small sample size (less than 10%) and run a portion of a campaign to that sample. Evaluate the results to learn what elements worked and what aspects need improvement. From there, roll out the tested and tweaked campaign to the rest of your audience.
#4 Automate the Effort
Marketing automation is getting a lot of attention. CMOs are rethinking old-school lead generation tactics and studies show that spending on marketing automation software is on the rise. It is now possible, through marketing automation, to design multistep lead generation campaigns that track and respond to customer behaviors. One tool to do that is our own 366 Degrees, a platform manage all your marketing communications no matter what form they take. Automation helps you move from a traditional high-cost effort to a more nurture-oriented sell. Campaign managers can create, collaborate, target and deliver multi-channel lead-oriented processes through landing pages, email marketing, social marketing, banners and traditional print channels.
Moving Forward
By knowing your audience and testing your campaigns before you launch you reduce your risk of making sub-optimal investments in lead generation. By streamlining the process with marketing automation you can get a leg up in market penetration. You will not only gain greater brand recognition with your prospects, you will be more effective at moving them forward through the buying process. The result will be significantly improved campaign performance that will differentiate you from your competitors. Want to learn more? Contact us today.