The Need for Speed-to-Lead in Sales

Published on: 23 May 2019 Last Updated on: 16 July 2024

Salespeople can be awfully laissez-faire about when (and if) they contact leads, which is baffling given that the job is so centered on conversion. Many reps take a full three days to follow up on a new lead, giving the competition ample time to swoop in and make that all-important first touch.

Sales are the lifeblood of any business organization. no matter the shape, size, or scale of your business, you need to work towards generating sales. However, for most businesses investing in training sales professionals can be a hectic process. A better alternative can be found by working with platforms and experts that work on commission only sales. This simply means that you pay the salesperson only when they are able to successfully execute sales and close deals on behalf of your organization.

In a modern online world, prospects can rifle between competitors’ pages, compare offers, fill out multiple forms and survey even the most saturated markets in mere minutes – it, therefore, becomes incumbent on you as a diligent salesperson to vie for top-of-mind awareness. The best way to do that is to boost your speed to lead.

Speed-to-lead, put simply, is the time it takes you to contact a new lead entering your system. It’s something you should be mindful of when considering how to improve your outreach efforts as the rapidity with which you contact a lead has been shown, across multiple studies (more on those in a moment), to have a profound effect on engagement success.

Speed-to-Lead, by the Numbers:

According to a study undertaken in partnership between the Telfer School of Management and a leading sales engagement company, engaging the lead within the first hour is seven times more effective compared to waiting 24 hours. The Harvard Business Review conducted the same study, and they found the exact same thing.

Quick, But Not Too Quick:

That same Telfer study comes with a caveat, though: you can’t pick up the phone within seconds and hope for the same engagement success. The sweet spot seemed to be between ten and 60 minutes of the prospect of becoming a new lead. The reason for this ten-to-60 minute delay could be because an instantaneous response seems automated and pushy, but, of course, it’s impossible to tell.

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The best way to ensure that you make the first touch – and all subsequent touches – at the right time is with automated queue-based lead routing software. It’s a mouthful, for sure, but it’s essentially software that automates the prioritization of your sales reps’ leads to make sure that new leads are routed to the front of the call queue. The software then automates their call cadence to ensure consistent speed-to-lead and thorough follow-up.

The Psychology of Speed-to-Lead:

What is it about the speed that conveys value? From the prospect’s perspective, your speed might indicate a willingness to please, a certain eagerness they know will be valuable when it comes time for them to express their needs and pain points.

Alternately, it might simply be the fact that you were there first. As mentioned briefly above, top-of-mind awareness is an important principle in engaging a lead, and being the first to contact gives you a significant advantage. Not only over other competitors but over short attention spans (everyone has them occasionally).

Speed-to-lead is an important consideration for any sales organization looking to improve sales engagement and conversion. Automating rep workflow to contact new leads 10-60 minutes after they express an interest should have a profound effect on engagement success.

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The Importance Of Storytelling In Social Media Marketing

Stories are everywhere; look around you, and wherever you are, there is a story. They are no longer just in the movies and books; stories have gone beyond such confines. Think about a tale that captivated you last; maybe it was in a blog post and that grabbed your attention and made you emotional. Despite anything else going around you, it had your full attention. That tells you how powerful a tool it is and why it’s indispensable in your marketing strategies. The best platform to tell stories and win visitors is through social media marketing. Importance of Storytelling in Social Media Marketing: Continue reading and see how you can revolutionize your marketing approach. Showcase your Uniqueness Beyond the headshot and some catchy slogans, people want something that is interesting. Audiences do not want photos and videos that every other company uses to woo visitors. They want something that is captivating. For instance, on an ordinary day, you could take a few snapshots of your work area and probably share a few tips on what motivates you. Such mini stories will tell people how serious and how dedicated you are to productivity. Whatever industry you are in, you need to showcase what you have and how skilled and creative you are. Take Advantage of Visuals Videos and, generally, visuals are powerful tools that you can rely on for social media success and storytelling. Having such content makes your posts stand out while adding another layer to your narrative. According to research, visuals could increase visitors’ willingness to read by more than 80%. In fact, big brands believe that visuals are crucial to how the company’s brand story is relayed. Put Yourself in the Shoes of the Reader You have your post ready for posting on Facebook, Twitter, Instagram, or any other social media. Why don’t you spice it up with some story surrounding it? This will resonate with your followers, and many will find a reason to invest in your product. Look at the issues that your customers have and let your tailored PR team do mini stories that focus on their needs for you. Ensure that the stories are solution-based. Again, you need to look into how you can add some emotion and intrigue to the pedestrian posts. Most importantly, you must ensure that all your stories have the consumer at the center of it all. Get creative with the story, and this will improve the engagement. If, for instance, you are playing a pitch, the creativity in it will tell whether you are the best fit or not. Make it Personal Research shows that personal marketing is on the rise. This is because people are likely to trust another person more than they trust a faceless brand. People want to hear the story from family and friends rather than from a mere advertisement. A story ensures that you create a personal brand that resonates with your audience. A story is incredibly important in that it shows people the face behind the posts. In every one of your posts, ensure that you’ve some captivating story that will keep your social media audience glued and yearning for more. Get a good PR company or hire a leading social media agency to help you generate stories that will make a difference in your marketing. Social Media & Emotional Quotient – How To Increase Engagement Want to build a stronger connection with your audience on social media? It all starts with understanding the emotional quotient (EQ) and how to tap into it. People are emotional beings! So, you need to play into someone's EQ. So, when you can resonate with those emotions, your engagement skyrockets. Let’s dive into how you can use emotional intelligence to increase engagement on your social platforms. Start with Empathy The first step is simple: put yourself in your audience’s shoes. What are they feeling? What problems are they facing? When you show genuine care for their concerns, your audience feels heard. Create content that speaks to their struggles or desires, offering solutions or inspiration. Whether you're writing a caption or posting a video, make sure your message connects with them on a human level. It’s not just about selling; it’s about building relationships. Add a Personal Touch Secondly, don’t be afraid to get personal! Share your story, your challenges, or even a behind-the-scenes look at your business. People want to interact with real people, not faceless companies. When you show vulnerability or authenticity, your audience will relate to you on a deeper level. In fact, they’ll trust you more and are likely to engage with your content because they feel like they know you. Simple posts like, “Here’s how we overcame this challenge,” can go a long way. Use Emotion in Your Visuals Visuals are a powerful tool for stirring emotions. A single image or video can evoke joy, nostalgia, or even empathy. When you create social media content, think about what emotion you want your audience to feel. Is it exciting about a new product launch? Or comfort knowing that your service solves a major problem? You have to carefully choose visuals that align with these emotions. Research even shows that posts with emotional visuals get more likes, comments, and shares. Create Engaging Stories People love stories! Whether you’re posting on Instagram, Facebook, or Twitter, crafting a narrative keeps your audience hooked. A well-told story pulls at the heartstrings and helps your followers see themselves in the plot. Use storytelling to make your message more engaging! For example, if you’re selling a product, tell a success story of someone who used it and saw real results. Incorporating EQ into your social media strategy is truly a game-changer. When you understand and cater to your audience's emotions, you’ll see deeper connections and increased engagement. Read Also: 5 Types Of Digital Marketing How To Start Social Media Agency In India? What Is The Future Of Digital Marketing In Regards To Shaping Up Small And Large Businesses?

Best E-commerce Platforms for Your Box Subscription Business

The majority of product-based firms are supplementing their model of revenue by adopting the box subscription stream for revenue. An example is the Blue Bottle and Stumptown Coffee in the coffee industry. In the place of being websites which are one-stop-shops for products that relate to coffee, both of them are sources of recurring deliveries to the clients of these beans. Conversely, other you can opt for ProfitIndustry top 5 best e-commerce platforms for box subscription business for purposes of gaining from their benefits. Enhanced experiences for customers: Loyalty comes from providing the best experiences for customers. When you strive to provide the best experiences for customers, you are formulating good customer relations. It leads to overall business sustainability, brand loyalty, and repeat purchasing. Companies that focus on providing superior experiences to customers realize positive results that include increased growth in revenue and customer satisfaction. Making things low-friction or smooth for the customer is the best way of providing excellent customer experiences. Convenience: With ProfitIndustry top 5 best e-commerce platforms for a box subscription business, the products will get delivered in a recurring manner, at the frequency of the shopper, and the client will not get worried about the products getting depleted. Better return on investment in customer acquisition: Business growth relies on the scalability and efficiency of your strategy of acquiring customers. As the business continues to grow, you will have to open new customer acquisition channels or focus on those channels that favor repeat business from current clients. Regardless of the way you refine the strategy, new customer acquisition will be costly. More than eight percent of companies find it easier to retain current customers than acquire new ones. For this reason, the box subscription model seems to meet that requirement nicely. In case the customer wants to get an item that will run out, you can assume that he is becoming a repeat customer than if you are concentrating on products that are one-sided. The investment you will incur in convincing first-time visitors is higher than compelling previous purchasers. You may spend a lot of money on adverts on new clients while convincing existing ones may need targeted emails. Revenue from such business will be higher than first-time clients. The difference is in the fundamentals of ProfitIndustry top 5 best e-commerce platforms for a box subscription business. The model is retention-based; which ensures that recurring revenue from repeat clients is executed well. This strategy is the best recipe for the sustainability of the business. Selling your service or product in the standard way means you will work hard to convert users to buyers and work very hard to convert them to repeat buyers. Better prediction of revenue: The best thing about ProfitIndustry top 5 best e-commerce platforms for a box subscription business is that you maintain a revenue stream that is reliable. In most cases, when the company predicts revenue, assumptions come from previous sales, salaries, and overall expenses. Nonetheless, the subscription model offers a good way of forecasting revenue by tightening elements of revenue prediction that vacillate. Since box subscription business has its basis on retention, the owner can predict the lifetime value of the customer. Gathering the income of clients on particular periods will help you predict your future revenue. Conclusion: Currently, clients can order almost everything online. Some firms take advantage of this ease by capitalizing on elements that other models of businesses find it tricky to implement the delight of customers. With omnichannel being on the tongue of all marketers, delighting your customers is genuinely demanding. When you bring in elements of surprise, you will please your customers. When you offer a box of unknown items monthly, customers will be happy to receive the things that are new or will consider purchasing individually due to price. Read Also: 8 Key SEO Strategies For E-Commerce Websites Oh, Crop! Killer E-Commerce Mistakes You Need To Conquer Tags In E-Commerce: This Is Why They Are Important How Social Media Can Boost Up The E-Commerce Industry New Technology In Business: 4 Inventions In 2019 That Are Changing The Game

What Is Not A Benefit Of Google Analytics Remarketing?

“What is not a benefit of Google Analytics Remarketing?” When you are looking for the answer to these questions, you need to have a basic knowledge and understanding of Google Analytics remarketing. Here, in this article, I will give you an insight into that, along with giving you the answer. First, I will give you the answer, and then we will talk a little more about Google Analytics Remarketing. So, let’s get started now. What Is Not A Benefit Of Google Analytics Remarketing? Now it is time to answer the question and the answer is; Allowing customers to reorder the item quickly that they have bought previously. Google Analytics Remarketing: What Does It Mean? There are some people who are engaged with your website already, and that is already consolidated with Google analytics. That means Google analytics has already collected much data on the user’s behaviors. Here, the possibility of transforming those potential customers who have already visited your website’s product page or your website will automatically increase. Now, suppose you are using the data pieces of Google Analytics in order to retarget those users who have already engaged with your website. This is termed Google analytics remarketing. For Google Analytics remarketing, it is a must to connect a Google Analytics account along with your Google ads account. Link Google Ads With Google Analytics From the above discussion, we get to know that you need to link your Google Analytics with Google ads. Now, I will geode you with that. You first need to open your Google ads account and then select the “Tools and Settings” option. There, find the option “Linked Accounts” and select that. A list of several Google products, along with some third-party products, will open. In Google Analytics (UA) option, select “Details.” a popup will open, and with just some clicks, you will be able to link your google Analytics with Google ad. Now, you will be able to cross-verify Google Analytics and Google ads linking by checking Google Analytics. Here Is a guide for that also. Just open Google analytics and then go for the option “admin” at the bottom left corner. There, you will find the “Google ads linking option.” Read More: Content Marketing Campaign Strategy For Small Business Advantages Of Google Analytics Remarketing Till now, Google Analytics remarketing, linking Google ads with Google analytics, everything sounds just fine. But you must know the advantages that you can utilize. Suppose a customer visits your site with the intention of buying a product. The individual will add products to the shopping cart, and then for any random reason, the individual fails to finish the final checkout in order to complete the process. Statistics say that the rate of cart abandonment is 88.05%. That means, across the globe, a percentage of people abandon shopping carts. These people don’t convert. But, those customers who have abandoned shopping carts are actually potential customers, and they can be transformed in the remarketing campaign. If you can retarget those customers, your conversion rate will be high. Basically, you can re-engage with all those customers who have expressed genuine keenness in your services and products in a remarketing campaign. Let’s understand this concept with an example. Natasha saw a party dress and visited your website. She is highly interested in buying a party dress for her bachelorette. Now, she selected a dress and added them to the shopping cart. She found out that she doesn’t have her credit card with her. Now, she is closing the site and thinking about buying it next time. Here, we can say that Natasha is indeed a potential customer. Now, imagine what if you show her the same product that she had added to the shopping cart. What do you think? Will Natahs buy that or not? Absolutely yes, Natasha will buy that dress because she is a hungry customer and also has an event soon, which means her buying intent is very strong. Just like this, there are several other customers who do the same thing. They left or abandoned the shopping cart for some reason, and then you will have a very filtered audience list to target. Now, here, what’s the role of Google? Google will display the ads on the partnered websites, which your potential targeted customers are likely to visit for entertaining or gaining knowledge purposes. When they see similar products that they saw a few days back, then their desire to purchase that product will increase. And this desire compels them to purchase the products. Google Analytics Remarketing: Why? Everything till now is fine, but as you are looking for the answer, I think you are thinking about opting for Google analytics remarketing. And In case you are not, here are some major reasons why you should try it. Over time the conversion rates increase in remarketing campaigns. Although the click-through rate may get lesser a little, the conversion rate will surely be high. In case the customer has already interacted with your products or services but didn’t buy them due to some reasons, the remarketing campaign works best. All those individuals who have seen your ads several times during that time would not be able to make the buying decision, and they convert immediately. Now, come to the major point, when they get free time, they forget your brand or company name once they visit any website and see the product they desire to purchase. Then they purchase it quickly. To be honest, the Google display network provides one of the greatest reaches. GDN reaches around 90% of internet users. For running remarketing ads, GDN is actually really efficient. Final Talks So along with getting the answer to the question, “what is not a benefit of google analytics remarketing?” Basically, it lets users reorder the products that have already been purchased by the individual. I believe after going through this article; you get the required knowledge. In case you have any questions or queries, feel free to reach me through the comment section. I will get back with the collusion as soon as possible. Read Also: Software Development Company Can Help Mitigate Technology Risks In Business Google Analytics Cannot Collect Data From Which Systems By Default? Online Marketing : Selling Your Product And Services

The Need for Speed-to-Lead in Sales

Speed-to-Lead, by the Numbers:

Quick, But Not Too Quick:

The Psychology of Speed-to-Lead:

The Importance Of Storytelling In Social Media Marketing

4 Key Concepts on Making Signage an Effective Strategic Investment

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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The Importance Of Storytelling In Social Media Marketing

Best E-commerce Platforms for Your Box Subscription Business

What Is Not A Benefit Of Google Analytics Remarketing?

The Need for Speed-to-Lead in Sales

Speed-to-Lead, by the Numbers:

Quick, But Not Too Quick:

Automate for Speed-to-Lead:

The Psychology of Speed-to-Lead:

Share this Article

The Importance Of Storytelling In Social Media Marketing

4 Key Concepts on Making Signage an Effective Strategic Investment

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

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