But many businesses forget that only around 44% of marketing qualified leads (MQLs) are considered a potentially good fit, allowing them to pass through the sales funnel. For that reason, generating high-quality leads remains a top priority and a big concern for businesses of all stripes.
Besides lead generation quality, brands must make a strategically sound decision about bringing the lead generation process internally or putting the work in to find lead suppliers through native ads, lead forms, email marketing, or social media.
Naturally, designing and developing the entire process seems like a logical option. But many brands resort to implementing automation solutions that help them refine their lead generation strategy and make the most of every high-quality lead. The final decision, however, depends mainly on the size of your organization, the number of leads you want to buy, and the value behind those leads.
Let’s take a closer look at the topic of lead quality that will help you understand the main quality metrics, how to measure leads, and decide whether you need to look for new lead suppliers.
Marketers often look for tips describing how to improve lead quality and accurately measure leads. But before generating or measuring them, it’s crucial to define what a “good quality lead” looks like for your business.
Creating lead quality benchmarks and establishing the stages of lead scoring together with sales teams helps marketing professionals define how MQLs, sales qualified leads (SQLs), and all other leads in between should look and behave in a high-intent environment.
For instance, SQLs typically have specific criteria like meeting numerous company characteristics, expressing interest in similar products, or being ready to take or make a phone call. As for MQLs, the essential criteria must be based on real-time customer data and their consumer journey.
But after all, it all comes down to understanding which metrics you need to track to optimize marketing efforts and ensure that your campaigns generate quality leads. Here are some of them:
But the question remains: where do you get the leads your company needs to ensure business growth?
Companies looking to enhance their lead generation process often wonder where to start. Some choose to look for suppliers and buy leads; others find the required resources and design a leadgen network internally.
Did you miss our recent article on how to successfully sell leads online? Check it out here to see how you can find lead buyers and improve your revenue.
If you choose to look for lead suppliers, here are several tips to help you find the right leadgen company or broker.
Attending shows or conferences is the surefire way to find, communicate, and build long-term relationships with lead suppliers or brokers. While COVID-19 changed things for every industry, it is still possible to attend online and offline events to find and network with top lead generation service providers.
It’s not uncommon for businesses to follow their competitors and learn from them. Since companies strive to ensure business growth, they test and adopt different lead generation strategies that would secure the highest revenue for them. Checking their LinkedIn accounts and working through their connections is one of the most common and efficient ways to identify new lead generators for your network.
Here’s the thing: there is no secret sauce, and it is all about putting in the hours and doing your research to understand where the high-quality leads come from and who the lead generators are. Whether you are looking for insurance, small business, or home service leads, it’s essential to look at the ads, lead forms, keywords, social media, and dedicated groups to find appropriate lead suppliers.
If you want to stop using Jedi mind tricks and wasting the time of your sales team to generate quality leads and produce a higher yield on them, consider following these tips:
Businesses must keep up with changes and leverage every channel and marketing strategy to remain successful and competitive. For most B2B companies, the top marketing priority remains unchanged – generate more high-quality leads.
Source: HubSpot
But it requires creating an efficient base of B2B sales leads and the means to analyze relevant data sets and track unique customer journeys. Let’s examine in more detail how B2B companies can make the lead gen process more efficient.
Brands must meet the target audience’s expectations to successfully guide them to specific channels, engage in relevant interactions, and improve outcomes based on individual customer goals and overall experience. Becoming a journey orchestrator is crucial to ensuring that every interaction helps high-quality leads to progress toward their and your goals.
Every outbound strategy depends on the quality of B2B lead lists. Updating and segmenting your lists by audiences can help you accurately set your targeting goals and analyze specific behavioral patterns. On top of that, it can help you focus your efforts only on high-intent audiences.
Tailoring interactions is the number one priority for lead nurturing tactics. B2B outreach campaigns should never look like advertisements. Otherwise, you risk losing time, money, and lead conversions.
Source: McKinsey
Ultimately, segmenting your audience and personalizing marketing messages can help you categorize quality leads by industry, geography, and company size and improve conversion rates.
A steady stream of leads keeps businesses successful. But growing and expanding requires tapping into lead data and finding out which marketing channels drive the most relevant traffic and how many leads convert into customers.
LMS Sync, Phonexa’s tracking, lead distribution, and analytics platform, enables brands to capture valuable attribution data, optimize lead generation efforts, and utilize an automated ping tree service that helps find interested third parties willing to buy your declined leads.
Running a successful lead generation strategy is a complicated task. It requires finding reliable lead suppliers or investing in automation solutions that can help you streamline workflows and marketing campaigns.
With the right marketing automation solution, brands can successfully structure marketing and sales teams to work towards similar results, resonate with their target audiences, categorize prospects, and adopt effective lead nurturing tactics. But what’s even more critical, they can generate more high-quality leads.
What is lead quality?
In its essence, lead quality is the probability that leads will convert into paying customers. High-quality leads typically have a high lifetime value, retention, and a strong product fit.
Why are quality leads important?
Unlike low-quality leads, high-quality leads understand the value of a product or service before making a purchase.
What is the definition of high-quality leads?
As ideal prospects, high-quality leads meet specific criteria set by individual companies and have a greater propensity for conversion. They are usually more informed about products and are ready to make a purchase if engaged correctly by the selling company.
Want to elevate your lead buying and selling strategies? Consider working with Phonexa to automate your efforts through a comprehensive and streamlined system, or meet with legitimate lead distributors who will bring you the data you need to drive more sales.
Here are some Phonexa tools and products that can support your efforts:
Schedule a consultation with one of Phonexa’s experts to learn how Phonexa’s all-in-one suite for marketing automation can help you streamline your lead generation and management and take your company’s leadgen efforts to the next level.
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