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Lead generation can be one of the most expensive parts of building a B2B marketing strategy, but you don't have to break the bank on advertising or outsource everything! In fact, there's an entire range of affordable options that will get results while also saving money in the long run.
If you're looking into starting a lead generation company, chances are you've probably asked yourself -- "what is the average amount I need to spend?" The answer depends largely on what kind of lead-generation system you plan to use. If you want to rely solely on paid advertisements (Google AdWords, Facebook Ads), then you'll likely pay more than if you opt to create an inexpensive lead-generating site first. However, with some careful planning, you may find that creating a high quality lead page isn’t as costly as you think.
Let's take a look at where you might begin and see which methods work best when generating leads from scratch.
Before we dive into the costs associated with building a lead-generating site, let's cover who should be responsible for these tasks. There are three main types of people who would benefit from having their own lead-generating platform. These include:
1) Small Business Owners
Small businesses often struggle to attract traffic because they lack resources like time, funds, and connections. A lead-gen website could help them overcome these obstacles through effective content creation and optimized SEO strategies. With a well-designed landing page, small businesses can showcase themselves to potential clients without spending too many dollars.
2) Marketers
Marketing teams typically consist of marketers, copywriters, designers, developers, etc., so why not put all those talents together to produce a single tool that helps spread brand awareness among other departments within the organization? As mentioned above, a lead-generating website has the ability to improve SEO rankings and increase conversion rates. This makes it easy for marketers to track performance metrics and adjust campaigns accordingly.
3) Consultants & Freelancers
A lot of freelance professionals work remotely, making collaboration difficult. Lead gen sites allow consultants to demonstrate expertise to prospective clients and offer valuable advice on various topics. They can also provide detailed information about their services and reach out directly to people interested in learning more.
There are countless examples of lead generation websites across industries - ranging from education to healthcare to retail. Here are just a few examples of successful platforms that have helped drive revenue and grow customer relationships along the way.
Education: Udemy
Udemy started off as a video course marketplace, but quickly expanded its offerings to include courses on every topic imaginable. Today, over 20 million students access Udemy each month. It's no surprise that Udemy became the largest online learning destination of 2016.
Healthcare: HealthTap
Since launching in 2012, HealthTap has grown significantly thanks to its patient-focused approach. Its simple interface allows users to find relevant health articles based on symptoms or medical conditions. Patients can read testimonials or ask questions via live chat with doctors.
Retail: Shopify
Shopify was founded in 2006 as a digital storefront solution for ecommerce entrepreneurs. Since then, the platform has evolved into a full-service SaaS provider and now offers thousands of apps and tools designed specifically for retailers.
The primary goal of any lead-generating website is to capture contact data and convert visitors into paying customers. Before diving deeper into the numbers behind lead generation, however, it's important to understand exactly why someone visits your web pages. You want to know whether they came to learn about your products/services or simply browse around. Knowing this information will influence the type of content that needs to be created, the design elements used, and even the overall tone of voice throughout the site.
Here are some ways to determine why people visit your website:
1) What action did they perform?
Knowing what actions were taken after visiting your site helps narrow down the reason for interaction. For instance, if someone clicks a link to call you, it means they were either searching for your product or service or already knew about your offering. On the flip side, if someone scrolls past your homepage and leaves your site immediately, it indicates that they weren't actively seeking anything specific. Instead, they were browsing randomly.
2) How did they arrive at your site?
Did they come directly to your site from Google search or did they click through several links before arriving? Knowing how they got here gives insights into their intent. Did they land on your page accidentally or intentionally? Was it a result of a search query or social media post?
These two points are critical to understanding visitor behavior and determining the proper direction of your lead-generating efforts. Without knowing the reasons behind interactions, you risk wasting your budget and energy.
Now that you know how to identify visitor intentions, let's talk about the ultimate purpose of a lead-generating website. After all, once you've captured a user's email address, you still need to deliver value to them in order to keep them coming back. To accomplish this, you must know the benefits of using your lead-generating website. Some common objectives include:
1) Increasing conversions
Conversions refer to the percentage of leads that turn into actual purchases or signups. Your goal is to increase this number as much as possible, ideally to 100%.
2) Generating qualified leads
Qualified leads are individuals with purchasing power. By identifying buyers early, you avoid wasting precious time chasing low-quality leads.
3) Improving ROI
ROI refers to Return on Investment. Every dollar spent on lead generation generates additional profits due to increased demand.
4) Establishing authority
Authority is another word for credibility. When people choose to do business with you instead of your competitors, you gain trust. That's why your website should convey confidence and professionalism.
5) Building rapport
Building rapport involves establishing emotional bonds between you and your audience. People buy from brands they feel connected to, regardless of price point. One way to achieve this effect is to share personal stories and experiences related to your niche.
To sum up, lead generation requires a deep knowledge of both consumer preferences and internet technology. While there are plenty of free solutions available today, you shouldn't expect them to yield significant impact unless you invest heavily upfront. Even though generating leads doesn't necessarily require a large investment, it certainly takes commitment. Once you set aside enough cash to hire experts, the sky is the limit.
In case you haven't worked with a professional yet, check out our guide to finding a top-notch digital agency.
A quick Google search will show you that there are many different ways to generate leads. You can use Facebook Ads, email marketing campaigns, LinkedIn groups, or even pay-per-click (PPC) advertising on Google AdWords. There's no shortage of options when trying to find out what works best for your business.
The problem with most of these methods is they require upfront costs in order to be effective. They also often don't yield results quickly enough to help grow your business. If you're looking to add more clients to your team while keeping an eye on costs, then using a lead generating system might be right for you.
In a nutshell, lead generation is any method used to capture information from prospects who have expressed interest in your product or service. This could include phone calls, emails, social media posts, or any other means of communicating with potential customers. It doesn't matter if you want to sell them something or just keep in touch -- once someone contacts you about a possible purchase, you've got their attention.
Leads are great because they provide insight into what people like, dislike, and need. Since you already know all of that information, you can use it to create better products or services that cater specifically toward those needs. For example, let's say you run a cleaning company. You may notice that some people prefer to hire cleaners during certain times of year, particularly around the holidays. By knowing which days and months are busiest for your business, you can adjust pricing accordingly so that you maximize profit.
Another way to look at it is that lead generation allows you to connect directly with people interested in buying your product or service without having to go through intermediaries such as salespeople or middlemen. In turn, you save money since you only spend time talking to people who are truly interested in purchasing your product or service instead of wasting resources chatting up random strangers who aren't really going to buy anything.
So why would anyone not want to take advantage of all the benefits lead generation has to offer? Well, first off, it takes time to set up systems and processes that allow you to effectively manage your list of prospective customers.
Secondly, it isn't always easy to figure out exactly how much each prospect should be worth. Sure, you can try to estimate based on past purchases made within your own company but if you haven't done so before, you'll likely end up underselling yourself and losing valuable revenue along the way. A good rule of thumb is to charge anywhere between 20% to 30% less than what competitors are charging. That way, you still come out ahead and you won't feel bad about getting paid less than others in the market.
Finally, the biggest reason why businesses choose not to utilize lead generation tools is they simply don't see how it helps them reach their goals. Most entrepreneurs think that they can skip lead generation entirely and focus solely on growing their brand. But the truth is, if you want to succeed long term, you must invest in building relationships with potential buyers. Even if you can't afford to advertise every single day, it's important to continue sending messages to people who express interest in your offering.
Let's talk about one specific type of lead for a second. What happens when a person becomes aware that she wants to work with you? She goes online and searches for "lawyer" or "legal professional." Once she finds several professionals in her area, she narrows down her choices and starts calling them. When she gets to the point where she knows she'd be comfortable working with one particular attorney, she makes contact.
At that moment, she's now officially considered a legal lead. From here, she'll either be referred to another lawyer via word-of-mouth or she'll decide to work with you herself. Either way, you've gained access to a customer who potentially represents millions of dollars in future income.
Most attorneys rely heavily on referrals from existing clients. These types of leads tend to convert faster due to the trust built over the years, allowing you to move forward with confidence. However, there are plenty of opportunities outside of the referral model. Some law firms will send out direct mailers or post advertisements in local publications in hopes of attracting quality leads. Many will even host events where attendees sign up to receive updates about upcoming cases.
If you operate a solo practice, you can easily identify these leads yourself. Your goal should be to consistently interact with people who are actively researching legal solutions. Make sure to ask questions whenever possible and treat each interaction as though you were meeting a stranger. You never know what kind of opportunity lies ahead!
Now that we've talked about the basics of how attorneys gain leads, you probably have a lot of questions regarding how to begin creating your own list. Let's break it down step by step:
1. Create a landing page designed to attract visitors. Use appealing imagery and videos to showcase your expertise. Offer free content or discounts to entice people to visit.
2. Write articles that appeal to readers' interests. Try writing blog posts related to topics that affect consumers. Or write case studies highlighting successful client outcomes. Whatever you do, make sure to share stories of success with your audience so they become familiar with your brand.
3. Place relevant links throughout your site. Linking back to your homepage lets users stay longer on your website, increasing the chance of converting them into leads. Also consider linking to third party sites you believe will benefit current followers.
4. Start following influencers in your niche. Look for popular bloggers who cover similar topics. Follow them on Twitter and engage with them regularly. You can also join relevant communities and participate in discussions. Doing so provides value to both parties and increases your chances of being seen by influential individuals.
5. Post interesting images on Instagram and Pinterest. People love sharing photos of things they enjoy. Plus, you can repost images from other sources to give credit where credit is due.
6. Send newsletters containing helpful tips and tricks. Email lists are a powerful tool for connecting with customers and providing useful knowledge. Be sure to follow up with subscribers periodically to ensure retention. Not everyone likes receiving emails, so make sure to avoid spammy tactics.
7. Keep track of everything you do. Every action you perform creates a trail of evidence that will eventually catch on fire and burn away. So make sure to document everything you do. Take notes after meetings, record conversations, and jot down ideas when brainstorming strategies. Don't worry too much about perfection, however. Just remember that every piece of information collected adds up to a bigger picture. And that's ultimately what matters -- not whether you typed perfectly or misspelled a few words.
8. Track conversions. Set up conversion tracking software to understand which actions drive the highest number of leads. Focus on improving the steps involved in the process so that you're able to increase overall conversion rates.
9. Build a relationship with your community. Host Q&As, answer frequently asked questions, and respond to comments left below posts. Give fans a sense of ownership over your brand. Show your appreciation for followers by commenting on their pictures and interacting with them on social media platforms.
10. Ask for feedback. Always appreciate constructive criticism. Listen closely to what people tell you and implement changes accordingly. Asking for suggestions is especially beneficial because you can learn from other experts in the field.
11. Test constantly. Run experiments to determine which features resonate well with your target demographic. Then tweak your strategy until you achieve optimal effectiveness. You can measure various metrics including bounce rate, traffic flow, and engagement levels.
12. Measure ROI. To calculate return on investment, divide the total amount spent on advertising divided by the number of qualified leads generated. This gives you the percentage of leads converted. Using this metric, you can compare your efforts against other methods and determine which ones produce the best results.
13. Remember that lead generation requires patience. Building a solid list of leads takes time and effort. But if you put in the necessary work, you can expect to reap significant rewards later on.
To put things into context, there are currently over 7 billion people on Earth with an estimated 8.6 billion active mobile phone subscriptions which means that if every person in the world was given their own mobile device then each one would have access to almost 200 million potential buyers. In fact, according to research conducted by Google Ads, there's already been an increase in online searches related to buying products or services from abroad during 2020 alone.
With so many people looking to buy something these days, why wouldn't businesses want to be able to get more traffic to their websites? This can only mean better conversions, right? Unfortunately though, not all businesses have the budget to invest in advertising campaigns, especially when they're just starting out (and even some who might be quite well-established). If you fall under this category, don't worry! We've got you covered. Here's what you need to know about creating a lead generating website...
The first step to building any kind of website is to find a domain name for your brand. Once you've found a suitable name, the next thing you should look at doing is finding someone else to help design your website. The internet has countless designers willing to work on your project, but before you go ahead and hire them you'll probably need to talk through exactly what type of page layout you'd like. There are plenty of free templates available to use as well, depending on whether you're working within WordPress, Drupal, Joomla etc., although you may also consider using a content management system such as Squarespace or Wix to speed up development time.
Once the basics have been taken care of, it's now time to start thinking about how you plan to drive traffic to your website. Some of the most popular methods include SEO, PPC and social media marketing. These tactics will depend largely on what sort of product/service your company provides, however, so it's best to speak to a professional digital marketing agency before proceeding further.
It's important to note here that while these techniques can often prove effective they aren't always required. For instance, SEO and PPC could both work effectively for a B2B service provider, but for a consumer goods manufacturer those two strategies won't cut it unless you really want to spend money on paid adverts. Instead, you could opt for a strategy called 'lead gen' where you try and capture potential clients via email instead. Essentially, this involves setting up a landing page for your target audience and sending emails out to interested parties inviting them to fill in contact information forms. Once they submit their details you can then follow up with them directly and offer your services.
This approach is incredibly useful because it doesn't require you to pay anything upfront and is therefore very low risk. Of course, having said that, it isn't without its drawbacks either. Firstly, this is still considered 'direct' marketing rather than 'inbound'. Secondly, since the prospect didn't come to you via search engine results or social media posts, you won't receive credit for driving traffic. Thirdly, once you've sent off emails asking for personal data, you'll need to keep track of whether or not anyone decides to purchase your services. All good points to think about if you're considering this route.
In conclusion, lead generation sites tend to work best for small scale businesses who don't necessarily need millions of visitors a month. However, if you're ready to take it to another level and grow your business exponentially, then read our guide to getting started with Facebook marketing.
A lead generation site is essentially a web property designed specifically to attract new customers to your existing business. They typically feature a range of different call to actions including signup pages, form submission buttons and links to other relevant resources. The idea behind this is that by encouraging prospective customers to visit your site you're giving yourself the chance to convert them into paying clients.
If you're trying to decide whether or not you should launch a lead generating website, there are several factors worth taking into account. First of all, you need to ask yourself whether or not you actually sell physical items or provide services. Many businesses that rely solely on digital downloads and apps would struggle to justify spending thousands of pounds on an external webpage. On the flip side, if you're selling tangible products, it makes sense to give your prospects a way of seeing what they can expect to receive once they complete payment.
Another factor to bear in mind is whether or not you want to charge extra fees for signing up to your mailing list. While it's true that it costs nothing to send out promotional articles to friends and family members, if you're planning to charge monthly subscription fees or higher prices for premium packages, it may be prudent to consider offering users the option of subscribing to your newsletter. After all, you never know how far down the road you might end up going.
Finally, you'll need to be aware of how successful your website is likely to be. For example, if you're running a blog featuring regular updates, it's possible that your readership will drop off significantly after around six months. If this happens, you're unlikely to see any returns whatsoever. Conversely, if your website generates lots of leads but few actual sales, you may wish to reconsider investing heavily in promoting it.
On the whole, lead generation sites are extremely valuable tools for growing your business. Not only will they allow you to reach out to hundreds of new customers instantly, but they're usually fairly inexpensive to set up too. As long as you understand the pros and cons of each method mentioned above, it shouldn't cause you any problems.
Generate leaads is simply a phrase used to describe the process of attracting new customers to your business. Whether these individuals eventually become loyal fans or not depends entirely upon your ability to deliver value to them along the journey.
Naturally, it stands to reason that the amount of effort you're prepared to devote towards capturing new clients will vary greatly between industries. For example, a luxury fashion retailer needs to focus on high quality imagery and detailed descriptions whereas a company providing IT support software solutions must cater primarily to technical geeks. Regardless, no matter what you do, it's crucial to remember that you're ultimately aiming to turn strangers into happy customers.
That being said, there's a lot of debate surrounding exactly how big a role money plays in closing deals. One school of thought holds that you shouldn't ever let financial concerns interfere with your decision making processes. Others disagree, saying that you should always prioritize profit margins since they represent the difference between revenue and expenses. Whichever camp you belong to, the bottom line remains the same: if you want to succeed in business, you need to treat your customers like royalty.
For more advice on how to boost your conversion rates, check out our article on 5 ways to improve your website's bounce rate.