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“ Still Think a                                                             “
  Plump Lead Pipeline
  Translates to Profits?!

       Align, Measure, Track and Communicate
              Lead Generation Objectives
            Improve Lead Generation ROI
         Opt for Inbound Marketing over Outbound Marketing




                                     © 2013 InfoCheckpoint. All rights reserved.
Contents
      Objectives of Lead Generation

      5 Ways to Improve Lead Generation ROI

      Inbound Marketing vs. Outbound Marketing

      Conclusion




Lead Generation Objectives
     l Do you know your lead to customer conversion ratio?
     l Can you predict future sales through lead generation?
     l Do you measure, track and report lead generation initiatives?


If your answer is no, it is essential you understand the objectives of your lead generation program.
Lead generation is not necessarily only about pumping your pipeline. The underlying objective of
obtaining leads should be about conversion to customers. Let us take a look at the four main aspects
required to ensure your leads convert to sales.




                                         Communicate


                                                  Track


                                              Measure


                                                  Align



                                                        © 2013 InfoCheckpoint. All rights reserved.
Align
Before setting lead generation goals, it is important to understand the overall marketing and
organizational objectives. Only by aligning your lead generation objectives with marketing goals will
your program become successful. Consider this example,




         If your
     organizational /
   marketing goal is to
     achieve a target
   revenue of $10,000
                                                                             You need to
                                       Then, every lead                  generate 200 more
    If the average price                you generate is                 leads to achieve the
      of your product /                  valued at $50                    revenue target of
     services is $1,000                (average price x                  $10,000 (Revenue
                                      average close rate)                  target / value of
                                                                                lead)
   If your average lead
      close rate is 5%




Measure
With the sole objective of generating revenues, measuring quantity as well as quality of leads is
important. The traditional approach of measurement is by quantifying lead volume on a monthly or
quarterly basis. In addition to this, measuring quality of lead and marketing effectiveness is also
imperative. A balanced approach of generating new leads as well as nurturing existing ones is a good
way to consistently improve revenues and ROI. Let us look at an example,

     l Assume your lead volume is 10,000 leads per month
     l Reduce this goal to 5,000 leads per month (what!)
     l Add an additional ‘Quality Lead’ goal of 500 per month (considering how difficult they
        are to capture)
     l This will eventually translate to your regular lead to customer conversion rate of 1%
        and quality lead conversion rate of 10%


In this way not only are your revenue targets achieved, you maintain marketing efficiency as




                                                         © 2013 InfoCheckpoint. All rights reserved.
Track
Without tracking, it will be impossible to know the performance of campaigns and ways to improve
them. Only by tracking results will it be possible to understand the impact campaigns have on
generating revenues and their alignment with overall goals set. Data analytical tools provide many
measuring, testing and tracking metrics. This helps in identifying the most effective channel, what
type of emails work and insights into what clicks (such as subject lines and call to actions).


Communicate
While defining objectives, setting goals, measuring and tracking, are important, it is also essential
that this is communicated to everyone in the organization. With a two way communication between
top management and the company, it makes it possible to know, individual goals versus company
goals, performance results, benefits of change and scope for improvement.


5 Ways to Improve Lead Generation ROI
The essence of lead generation is not only in ‘generating’ leads, it is in converting leads into sales.
Generating revenue through leads is a far more successful tactic than increasing lead volume. Some
of the ways organizations can improve lead generation ROI are through lead validation, scoring,
segmentation, follow-up and elimination of poor performing leads.



     l Lead Validation – Before leads reach sales teams, it is important to validate them in order to
        improve quality and avoid increasing cost and time spent. To verify and validate information,
        you could use third party companies or develop detailed lead forms to identify bad leads and
        eliminate them.
     l Lead Scoring – In order to maximize opportunities, prioritizing leads based on various
        parameters will help in identifying which leads a hot and which are not. Lead scores can be
        assigned based on internal business objectives and understanding of high value. Some of
        the parameters, we at Info CheckPoint use to score leads include, based on industry, title,
        annual revenue, budget, website activity and nurturing scores.
     l Segmentation – The underlying objective of lead validation and scoring is to identify
        segments which can be catered to specifically. Depending on the structure of your
        organization, segmentation can be done based on various aspects such as industry, region,
        company size, budget, etc. it is important to assess the objective of segmentation, which
        usually is to get the right lead to right sales rep, who can provide the right solutions to
        convert them into sales.




                                                        © 2013 InfoCheckpoint. All rights reserved.
l Elimination of Poor Performing Leads – Organizations get uncomfortable with a pipeline
       that is not plump; however generating lead volume is not necessarily a good thing. Poor
       performing leads only add to costs and are time consuming to nurture. Quality over quantity
       maybe a cliché, however it is essential generating ROI.
    l Quick Follow-up – By scoring, prioritizing and segmenting your leads, you can arrange for a
       quick follow-up with relevant information, before your competitors get to it. Once a lead is
       interested, a proactive respond immediately, has proven to be one of the successful ways in
       converting a lead into a sale.




                                            Lead Validation




                                                                     Lead Scoring
        Quick Follow Up



            Elimination of Poor                              Segmentation
            Performing Leads




Inbound Marketing vs. Outbound Marketing
While outbound marketing is a traditional marketing approach and involves ‘pushing’ messages to
prospects, inbound marketing on the other hand is a process through which companies are found by
relevant prospects.




                                                      © 2013 InfoCheckpoint. All rights reserved.
OUTBOUND MARKETING                         INBOUND MARKETING
                      Direct mail                    Blogging & Content Creation
                    Telemarketing                           Social Media
                     Trade Shows                     Search Engine Optimization
                                                               (SEO)
                                                         B2B Lead Generation



According to the 2012 HubSpot Study,
    l $346 is the average cost per lead, for marketers who use outbound

    l $135 is the average cost per lead, for marketers who use inbound

    l That’s a 61% reduction in the average cost per lead!




What would you prefer? You could do the math!


     64% of marketers
     forward raw leads, who
     have responded to
     campaigns directly to
     sales teams


                        Companies that utilize
                        lead nurturing programs,
                        experience a 45%
                        higher ROI on their lead
                        generation initiatives.



     59% of companies
     have not yet adopted a
     lead nurturing program



   Source: - MarketingSherpa 2012 Lead Generation Benchmark Report



                                                   © 2013 InfoCheckpoint. All rights reserved.
Conclusion
In lead generation, sales prospecting and cold calling has faded and inbound marketing is what clicks
now. What inbound marketing provides is prospects that are interested and can be pursued, nurtured
and converted more successfully.


Generating leads through inbound marketing not only transforms your sales and marketing process, it
also reduces the cost per lead. The use of CTAs, landing pages and offers provides higher quality
leads to the sales team.


By testing and tweaking the inbound lead generation process, quality of leads can be improved and
cost per lead can be reduced.


A successfully proven way of generating quality leads is by using CRM integrated marketing
automation platforms. The new Info CheckPoint App on Salesforce is just the tool you can use to
access high-value leads, prioritize and organize prospects, improve CRM data quality and reduce
research time.




            "Lead generation isn't the end goal. Generating
                      revenue is the end goal.”

              Maximize revenue generated from your marketing
           initiatives by working closely with your sales team and
                                  prospects.




                                                       © 2013 InfoCheckpoint. All rights reserved.
Gain Access to Sales-Ready Leads Today
                     Try the Info CheckPoint App on Salesforce

                         Download this Free App!


Info CheckPoint

Info CheckPoint is a preferred provider of credible business to business (B2B) information, database
management and marketing solutions. We understand the value of driven, directed and dynamic
databases and therefore emphasize on high quality data which translate to invaluable information.

For us a database is a business intelligence tool.Our advanced search application allows instant
access and provides segmented data to facilitate targeted communication significant in leveraging
business growth. Through this interface you can obtain information that is customized to business
requirements and enables focus on primary target markets appropriately.

At Info CheckPoint we adopt a scientifically based, technology driven and manually validated
comprehensive data verification process. Utilizing data quality tools, techniques and tactics, we
emphasize on maintaining data that is verified, validated, accurate, current, relevant and hygienic.

To gain access to power packed databases or for more information, please visit Info CheckPoint




Contact Us

Phone: 800-662-2980           Email: support@infocheckpoint.com             www.infocheckpoint.com


                                                        © 2013 InfoCheckpoint. All rights reserved.

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Improve Lead Generation ROI

  • 1. “ Still Think a “ Plump Lead Pipeline Translates to Profits?! Align, Measure, Track and Communicate Lead Generation Objectives Improve Lead Generation ROI Opt for Inbound Marketing over Outbound Marketing © 2013 InfoCheckpoint. All rights reserved.
  • 2. Contents Objectives of Lead Generation 5 Ways to Improve Lead Generation ROI Inbound Marketing vs. Outbound Marketing Conclusion Lead Generation Objectives l Do you know your lead to customer conversion ratio? l Can you predict future sales through lead generation? l Do you measure, track and report lead generation initiatives? If your answer is no, it is essential you understand the objectives of your lead generation program. Lead generation is not necessarily only about pumping your pipeline. The underlying objective of obtaining leads should be about conversion to customers. Let us take a look at the four main aspects required to ensure your leads convert to sales. Communicate Track Measure Align © 2013 InfoCheckpoint. All rights reserved.
  • 3. Align Before setting lead generation goals, it is important to understand the overall marketing and organizational objectives. Only by aligning your lead generation objectives with marketing goals will your program become successful. Consider this example, If your organizational / marketing goal is to achieve a target revenue of $10,000 You need to Then, every lead generate 200 more If the average price you generate is leads to achieve the of your product / valued at $50 revenue target of services is $1,000 (average price x $10,000 (Revenue average close rate) target / value of lead) If your average lead close rate is 5% Measure With the sole objective of generating revenues, measuring quantity as well as quality of leads is important. The traditional approach of measurement is by quantifying lead volume on a monthly or quarterly basis. In addition to this, measuring quality of lead and marketing effectiveness is also imperative. A balanced approach of generating new leads as well as nurturing existing ones is a good way to consistently improve revenues and ROI. Let us look at an example, l Assume your lead volume is 10,000 leads per month l Reduce this goal to 5,000 leads per month (what!) l Add an additional ‘Quality Lead’ goal of 500 per month (considering how difficult they are to capture) l This will eventually translate to your regular lead to customer conversion rate of 1% and quality lead conversion rate of 10% In this way not only are your revenue targets achieved, you maintain marketing efficiency as © 2013 InfoCheckpoint. All rights reserved.
  • 4. Track Without tracking, it will be impossible to know the performance of campaigns and ways to improve them. Only by tracking results will it be possible to understand the impact campaigns have on generating revenues and their alignment with overall goals set. Data analytical tools provide many measuring, testing and tracking metrics. This helps in identifying the most effective channel, what type of emails work and insights into what clicks (such as subject lines and call to actions). Communicate While defining objectives, setting goals, measuring and tracking, are important, it is also essential that this is communicated to everyone in the organization. With a two way communication between top management and the company, it makes it possible to know, individual goals versus company goals, performance results, benefits of change and scope for improvement. 5 Ways to Improve Lead Generation ROI The essence of lead generation is not only in ‘generating’ leads, it is in converting leads into sales. Generating revenue through leads is a far more successful tactic than increasing lead volume. Some of the ways organizations can improve lead generation ROI are through lead validation, scoring, segmentation, follow-up and elimination of poor performing leads. l Lead Validation – Before leads reach sales teams, it is important to validate them in order to improve quality and avoid increasing cost and time spent. To verify and validate information, you could use third party companies or develop detailed lead forms to identify bad leads and eliminate them. l Lead Scoring – In order to maximize opportunities, prioritizing leads based on various parameters will help in identifying which leads a hot and which are not. Lead scores can be assigned based on internal business objectives and understanding of high value. Some of the parameters, we at Info CheckPoint use to score leads include, based on industry, title, annual revenue, budget, website activity and nurturing scores. l Segmentation – The underlying objective of lead validation and scoring is to identify segments which can be catered to specifically. Depending on the structure of your organization, segmentation can be done based on various aspects such as industry, region, company size, budget, etc. it is important to assess the objective of segmentation, which usually is to get the right lead to right sales rep, who can provide the right solutions to convert them into sales. © 2013 InfoCheckpoint. All rights reserved.
  • 5. l Elimination of Poor Performing Leads – Organizations get uncomfortable with a pipeline that is not plump; however generating lead volume is not necessarily a good thing. Poor performing leads only add to costs and are time consuming to nurture. Quality over quantity maybe a cliché, however it is essential generating ROI. l Quick Follow-up – By scoring, prioritizing and segmenting your leads, you can arrange for a quick follow-up with relevant information, before your competitors get to it. Once a lead is interested, a proactive respond immediately, has proven to be one of the successful ways in converting a lead into a sale. Lead Validation Lead Scoring Quick Follow Up Elimination of Poor Segmentation Performing Leads Inbound Marketing vs. Outbound Marketing While outbound marketing is a traditional marketing approach and involves ‘pushing’ messages to prospects, inbound marketing on the other hand is a process through which companies are found by relevant prospects. © 2013 InfoCheckpoint. All rights reserved.
  • 6. OUTBOUND MARKETING INBOUND MARKETING Direct mail Blogging & Content Creation Telemarketing Social Media Trade Shows Search Engine Optimization (SEO) B2B Lead Generation According to the 2012 HubSpot Study, l $346 is the average cost per lead, for marketers who use outbound l $135 is the average cost per lead, for marketers who use inbound l That’s a 61% reduction in the average cost per lead! What would you prefer? You could do the math! 64% of marketers forward raw leads, who have responded to campaigns directly to sales teams Companies that utilize lead nurturing programs, experience a 45% higher ROI on their lead generation initiatives. 59% of companies have not yet adopted a lead nurturing program Source: - MarketingSherpa 2012 Lead Generation Benchmark Report © 2013 InfoCheckpoint. All rights reserved.
  • 7. Conclusion In lead generation, sales prospecting and cold calling has faded and inbound marketing is what clicks now. What inbound marketing provides is prospects that are interested and can be pursued, nurtured and converted more successfully. Generating leads through inbound marketing not only transforms your sales and marketing process, it also reduces the cost per lead. The use of CTAs, landing pages and offers provides higher quality leads to the sales team. By testing and tweaking the inbound lead generation process, quality of leads can be improved and cost per lead can be reduced. A successfully proven way of generating quality leads is by using CRM integrated marketing automation platforms. The new Info CheckPoint App on Salesforce is just the tool you can use to access high-value leads, prioritize and organize prospects, improve CRM data quality and reduce research time. "Lead generation isn't the end goal. Generating revenue is the end goal.” Maximize revenue generated from your marketing initiatives by working closely with your sales team and prospects. © 2013 InfoCheckpoint. All rights reserved.
  • 8. Gain Access to Sales-Ready Leads Today Try the Info CheckPoint App on Salesforce Download this Free App! Info CheckPoint Info CheckPoint is a preferred provider of credible business to business (B2B) information, database management and marketing solutions. We understand the value of driven, directed and dynamic databases and therefore emphasize on high quality data which translate to invaluable information. For us a database is a business intelligence tool.Our advanced search application allows instant access and provides segmented data to facilitate targeted communication significant in leveraging business growth. Through this interface you can obtain information that is customized to business requirements and enables focus on primary target markets appropriately. At Info CheckPoint we adopt a scientifically based, technology driven and manually validated comprehensive data verification process. Utilizing data quality tools, techniques and tactics, we emphasize on maintaining data that is verified, validated, accurate, current, relevant and hygienic. To gain access to power packed databases or for more information, please visit Info CheckPoint Contact Us Phone: 800-662-2980 Email: support@infocheckpoint.com www.infocheckpoint.com © 2013 InfoCheckpoint. All rights reserved.